Introduction to Options

Options have become remarkably popular, especially in the U.S. Far from being confined solely to the institutions and professional money managers, options trading is now mainstream for “retail” traders from all walks of life. The concept of options is still, however, treated with trepidation in some quarters. When I first embarked upon serious trading, a friend warned me about what I was getting into, but trading can be as safe as you want it to be.

The fact is you need to have a trading plan that works. It needs to keep your risk low and your potential for reward high. You need your plan to have structure and simplicity so you can follow it every time with complete clarity. Over the years, my trading plan has become progressively ...

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