Originally Posted by
Gunfighter
The options traders have had enough influence that I signed up for a paper trading account on thinkorswim. Tastyworks or Tradestation will be the likely destination for the actual account. It seems like Tradestation charges for data feeds, but I couldn't find that info on Tastyworks. Any traders care to chime in on fees for data feeds? Do you do the bulk of your research on the platform?
I've really enjoyed the TT education series. The Beginners course was a great review and I found the two series on Managing a Large/Small Account useful as well. I'm optimistic about successfully trading, but still not sure managing an options account is a better use of time than reviewing PPMs for passive CRE deals. Time will tell...
im doing the same thing! Trying to start trading in a self directed IRA. Question for the pros:
If simply holding stocks for long term (such as Motley Fool stock Advisor picks), do you still do covered calls on your long stocks, or cash secured puts if trying to get buy a dip in price? If so, 30-45 days out? When picking the strike do you try to maximize the premium (one strike OTM) or put the strike far enough OTM to make likelihood of excercising less likely, but still collecting a little premium?. Sorry if this makes no sense I’m still learning here...!