Why the Rich Get Richer
Okay, so I learned a lot from the stock investing seminar I took, plus I’ve been studying a lot on my own. I even have a successful, experienced investor friend who’s helping me analyze why I’m picking which stocks, giving me pointers and tips, and offered to take a look at any stock I want to invest in before I plunk down the money.
I want to trade in stock options for three main reasons: 1) they’re lower, controlled risk; 2) they’re highly leveraged instruments; and 3) they require less capital to start investing with.
I have a Scottrade account, which I opened a couple years ago. The basic account lets me buy and sell stock, set stop losses, limit orders, things like that. I could open a margin account if I wanted to, but I don’t feel confident enough in my skills yet to do that. But I do feel confident and educated enough to start doing some very small, very simple options trading.
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