Philosophical Friday: Options trading and the unedited truth about losing money
http://www.TraderTravis.com a lesson on the harsh reality of how losing money hurts you.
Comments
Don't forger to consider the tax benefits for capital losses on your schedule D.
Based on your tax rate, timing, and type of loss- short or long term or other specials benefits that are allowed for certain types of securities. the same is true for real estate losses and business expenses ......The initial investment and learning curve will cost more on the front end.....so you have to take the initial risk to get in the game; but of course balancing and maintaining Cash and risk is key........
Thank you for this excellent video Trader Travis.
I read that one of the best ways for newbies to get into options is to start with Selling the covered call would you agree with that?
Hi there I've been watching your videos on options and found them very useful ...I have been trading stocks for some time now and decided to dip my toe in with options on 6/28/16 I bought 50 VRX Jul 16 20 call for 1.00 sold on 7/1/16 for 1.85 also bought 110 BP AugWK1 34 Call for .61 then sold at 2.30 in the same time frame made about 5.5k in three days.... just wanted to says thanks for your videos they helped me a lot :)
Based on your tax rate, timing, and type of loss- short or long term or other specials benefits that are allowed for certain types of securities. the same is true for real estate losses and business expenses ......The initial investment and learning curve will cost more on the front end.....so you have to take the initial risk to get in the game; but of course balancing and maintaining Cash and risk is key........