I'm a retiree with a background in engineering, information technology and business. I decided to learn about options trading about three years ago in order to have something interesting to do with my time and to augment my retirement income.
I've read several books on the subject; I've taken all of the online courses offered by TD Ameritrade; I subscribed to Investools and took all of their classes; and I've subscribed to several options trading web sites. So far I've lost over $100,000.
As a final attempt to make options trading work for me, I subscribed to Option Alpha a few weeks ago. So far I've learned that my trades have been way too large and I had no clue about how to make trade adjustments in order to minimize losses. I really the trade adjustment tutorials and I think getting proficient in this area might get me over the hump. Glad I found you all.
Kirk, I have participated in many seminars and webinars on investing. In fact, I just heard a certain eminent guru of options explain options adjustments during videos on his website.
You bring greater clarity and no-nonsense precision to this complex subject of salvaging trades than anyone I have ever encountered. Your revelations are priceless to those seeking skills that will allow them to trade with confidence.
Thank you so very much for your invaluable insights. May you receive many blessings for the generosity of what you share.
As a new trader (less than one year) I have reviewed countless videos and subscribed to a handful of services. These proved to be expensive lessons indeed. I recently became aware of Kirk and Option/Alpha and finally have the confidence to continue trading.
Kirk's difference is his ability to not only tell you what he is trading, but why he is making a trade (in a very visual manner). I recommend all traders to check out Option/Alpha. Makes all the difference in the world.
Great JCP trade! Thanks for the alert!!! I've also did the same spread for Apr14, by mistake, but it worked out profitable anyway (+0.45 Apr)!
Loving my membership to Option Alpha because it allows me to focus just on placing trades, not a ton of research. I can working my day job, sitting in my office and make a few trades all without having to do a bunch of reading online.
My name is Miles (32 yr old construction foreman) and I started trading options about 6 months ago. I am very committed to learning options in order to change my lifestyle, one step at a time. My initial goal was to make enough for a car payment but I have elevated that goal to earn enough for my fiancé to stay home with the future kids.
I started my learning with some "YouTube" videos and got the basics down. I tried multiple sources for learning and I really appreciate the basic and clean way Kirk from Option Alpha approaches the explanations. Other sites/sources assume you know the majority of the concepts and move at an elevated pace and as a beginner, this only confused me.
I have started trading and learned that the market does not always go your way. I joined Option Alpha's online membership and found it to be extremely helpful. The pace and training allows me to ask specific questions. My main take-away from everything so far was demonstrated with a real trade accompanied with the logical explanation of how we got to that point, and how to defend the position. This knowledge will stay with me throughout my trading "career" and will most surely pay for itself time and time again.