When you buy a Call Option or buy a Put Option, your risk is limited. So you can be DEAD WRONG about something and you know the maximum extent of your loss. Wow!

But there’s a dark side. You have to be right within a certain time period. In fact, in most options you buy, if the underlying currency, or stock, or whatever kind of option you buy, just goes sideways, not up or down, in the period of time allotted, you’ll STILL lose most or all of what you pay for the option! Geez! Try these 1500 pips a day Forex Signals. Join Options Mastery Classes. Read about Options GPS!

OK..HERE’S THE THING…

Small traders (with small accounts) are attracted like moths to light by the “limited risk” nature of the options, not giving enough consideration to the dark side

THAT SAID, OPTIONS ARE TERRIFIC!

Like any good relationship (even a romantic one), you have to learn to emphasize the positive and minimize the negative… plus understand the simple ways to use options “in combination” with your current trading techniques. And if you do, you may learn to LOVE the option,like I do and many other experienced traders do. Here’s a video about options done by the leaders in options training, Options University.

It’s a good one…Learning the basics of options will serve you whether you wind up using options as a stand-alone vehicle or in combination with other trading vehicles. It’s Saturday, so I’ll be brief… but I wanted the you to put this on your Wednesday calendar if you trade stocks. Some of the most consistent money earned by professional traders involves the use of options in simple combiniation with stocks.

Ron Ianieri, former floor broker (who ran Dell’s book back in the 80′s) will be having a friendly Webinar where he’ll go through HOW to use options effectively. If you can attend… or even if you think you MAY be able to attend, go ahead and register now for the event…I know two things about Wednesday’s Webinar on Options…

ONE

You won’t get lost in the terminology. Ron is known for breaking things down so that those unfamiliar with the ‘lingo’ won’t get lost. (and don’t worry if you’ve got some options trading experience… he won’t put you to sleep either…you’ll likely learn a little something yourself!)

TWO

Ron will be enthusiastic in his presentation. With his voice, I don’t think he’ll be recording any Sinatra tunes anytime soon… but you will stay awake with his delivery and his enthusiasm. Ron’s a passionate guy and you’ll enjoy the “show”.

So, if you’re like many traders who are considering getting the most out of the recovery in the stock market over the long term… options can be a real friend and Ron could be a good mentor… at least for a complimentary 60 minutes!… I’ll be tuning in Wednesday and I hope to see you there if you have options aspirations.