Greetings all! This journal is going to cover my option trading. It will track trades and store knowledge.
Back story: A couple months ago I came across the Tasty Trade website by accident. I was intrigued with what they were saying. Truthfully, I knew very little about options beyond the basic call and put. In the past I have dabbled in trading options but it was more just straight buying. l quickly learned the real money is in the selling of options.
I spent a couple of weeks watching videos before I came across their Where Do I Start series of videos. There is about 50 videos in the first series. After the first 10 videos I was hooked! Finished Options 101 and I am half way through Options 201 series.
What appealed to me was the defined risk trade, meaning you know exactly how much you can win or lose before you enter the trade. The math behind making the trade was even more appealing. I love knowing the probabilities of winning before entering trade. Plus, you dont have to be directionally right to have a winning trade.
The entire team over Tasty Trade are awesome! They are always sharing bits of information to help you succeed.
For those interested the link to the Where Do I Start series is below. I used their app on my iPad and found the experience to be better than the website. The app tracks what you have watched. Easier to pick up where you left off.