Great forum this one – found lots of helpful tips from here. Like many others out there, I checked out Optionetics, but never signed up due to the prohibitive costs – and dove in my reading a few books by the founder of Optionetics – George Fontallis along with few other online tutorials.
I’m on the verge of buying a few books mentioned in the forums on other threads such as Natenberg and McMillan. I understand the basics of Options and the strategies involved. However, I’m finding it difficult to find the confidence in risking my (very little) capital on any trades yet!
I have two questions:
1. Can someone help me in pointing the right direction in the process of picking a stock and understanding how to employ any relevant strategy?
2. How important is charting to predict the future movement to maximise profit in Options Trading – and what books etc. should I use to master it?
Thanks in advance and HAPPY NEW YEAR 2010!