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/biz/ - Business & Finance

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1487948 No.1487948 [Reply] [Original]

Is learning to trade options the way to go, or is it a pipe dream for the average person to do?

>> No.1487957

>Most millionaires I know
>Have decent job, whether it's white or blue collar
>Roll their money into real estate, businesses, or market investments
>A few entrepreneurs had start-ups that got acquired by bigger competitors and got rich that way

Meanwhile, on /biz/, OP wants to daytrade using options.

>> No.1487963

>>1487948
I love options, they're great. Less risky than stocks, and can be used to generate relatively consistent income.
Sell them weeklies my nigga.

>> No.1487972

>>1487948
>average person to do
Sure, if all you want to do is fuck around.
If you mean do that as your sole job, you'd need a pretty substantial bankroll.
The truth is, trading anything involves a ridiculously steep learning curve. You could spend years making virtually nothing, or even losing money. Compare this to someone making $50K at a standard job, who ends up with a quarter mil in the first 5 years.

>> No.1487977

>>1487957
you act like i'm the first person on /biz/ to ever want to trade something, and no I never said day trade.

>> No.1487979

>>1487948
options and all derivatives are trash-tier zero sum games, only stocks have real value

>> No.1488009

>>1487972
>50k/year revenue
>5 years
>250k

What happened to this person's expenses? also income tax?

>> No.1488078

>>1488009
>What happened to this person's expenses? also income tax?
Riiiiiiiight, because the trader doesn't have these expenses?
Holy shit, it's an equal handicap, anon.

>> No.1488175

>>1487948
Options are zero sum game so you'll be up against some of the smartest people in the world. Don't even try trade them short term like daytrade or marketmaking. They are also pretty complicated, prepare to read some fat and math heavy books and understand every word in there.

>> No.1488182

hey this is for anyone to answer but in your guys' opinion whats the best options trading site/platform? or do you guys go manual and do everything yourselves?

>> No.1488190

>>1488078
I wasn't talking about whether both people have this handicap, I was pointing out the idiocy of the sentiment that one would have $250,000 after 5 years of earning $50,000 per year.

>> No.1488223

>>1488182
I use optionshouse.
It works well enough for me, although I haven't tried any others.

>> No.1488644
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1488644

>>1488190
>idiocy of the sentiment
It's "statement", not "sentiment".
Wow, speaking of idiocy...