Live Stock Trading - My 3rd Ever Options Trade

Join My Private Trading Team - http://claytrader.com/innercircle/ Learn to Use Charts - http://claytrader.com/training/ This video shows my third ever options trade. I am brand new to them, but given they are 95% based in technical analysis, I already feel very comfortable. While this options trade turned out to be a loser, it was still a positive learning experience. ClayTrader.com is a wholly-owned subsidiary of Guidance Marketing, LLC. Guidance Marketing, LLC and its employees are not a Registered Investment Advisor, Broker Dealer or a member of any association for other research providers in any jurisdiction whatsoever and we are not qualified to give financial advice. Investing/trading in securities is highly speculative and carries an extremely high degree of risk.

Comments

1. Wouldnt it have made more sense to let the contract expire and lose the $8 contract premium than taking a $100 loss? Or were you forced to take the loss because you shorting calls? I could be completely wrong, trying to understand the world of options lol
2. Maybe I'm just missing something or it's on a different screen..where is your buy/sell screen lol
3. After watching some of your trading videos, i want to ask you, do you always use limit orders? if so how well do they respond live? because in paper trading i find that limit orders fill up almost instantaneously regardless of my limit price :/ if that is the case then whats the point? I'm trying to get good at entries with limit orders because i founded tradezero that offers no commission on limit orders.
   
   Thank you !
4. Hi. I'm new to this stock options. Question, is the expiry time for this stock options the same as binary options?
5. Clay, lets say i bought a call option at $200. what happens if the contract expires? do i lose just the $200 or the underlying cost of the stock x 100 shares?
6. This is great stuff, trying to learn options so hard right now
7. this wasn't a contract option?
8. How I hate when I sell early at a loss and if would've held a bit longer would've had a nice gain. HATEE ITT!!!
9. Great vid Clay. You should post more of your options trades. I'm thinking of going to Light Speed due to their options pricing. Are the colors on their L2 able to be configured; I'm so used to Das and Etrade pro colors.
10. what program are you using? Do you also have intro video on how to use the software? thank u
11. You should look into vertical credit spreads.  Great way to use options and time decay for income 
12. I was wondering when you were going to make a video on option trade ... Thanks for putting on you tube :) good luck .. If you could make some more videos on options always learn something from u ... Sensei ;)
13. All along I've encouraged my Options trading friends to learn from your entry/exits rationale as I have. We welcome you to our side of the trading tracks. Seasonal work should be slowing  here shortly so I'll definitely be signing up for your chat room. Really enjoy your daily uploads, thanks.