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re: DOW falls 1000 points after opening bell
Posted on 8/25/15 at 8:18 am to cokebottleag
Posted on 8/25/15 at 8:18 am to cokebottleag
quote:
Also, yeah I don't understand them and I really don't have the time to understand them at this point in my life. Maybe when I have more money to play with I'll get into it.
don't do it
not now, not ever
buying intangibles is risky and stupid, call and put options are nothing more than straight up gambling, you are not only betting that value in shares of a stock go up or down, but you are betting that it happens within a certain time frame
you are better off just putting everything on red at the roulette wheel...
1
Posted on 8/26/15 at 7:10 am to dcbl
quote:
call and put options are nothing more than straight up gambling... you are better off just putting everything on red at the roulette wheel...
I have found puts and calls to be pretty safe and very profitable, as long as the underlying stocks, etc. are good picks. They make a lot more than my "safe" stuff. If you make the wrong stock picks to sell options on, you are screwed however.
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