Basic tips any trader should know...

I wish I had learned this sooner. Let me help you with it...

When I started trading nine years ago, I had a lot of difficulties and challenges along the way.

We, as traders, know that the biggest and most important lessons come from the biggest losses.

It's part of the game...

And from those lessons, I'd like to share with you the ones that any trader should have when they are starting:

1. Buy at the money strikes with time. Do not focus on $5 out-of-the-money contracts with 1 hour left for expiration.

(The likelihood of them becoming profitable is low)

2. Buy contracts with delta over 0.4.

(Beneficial if you are anticipating a significant move in the price)

3. Avoid spreads larger than $0.10.

(A large spread can indicate lower liquidity or higher risk)

4.  Buy next week's expiry on Thursday and Friday

(This is to avoid volatility often seen during the final days before expiration)

You'll understand more and create your own rules as you implement the right mindset and strategies.

I’ll see you next time :)

Cheering for you,

BullTradeFinder.