Options House users..

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johnnycnc

johnnycnc

Member
Joined
Feb 27, 2006
Messages
3,612
Location
columbus, IN, USA.
I'm looking at openeing an online trading account, and knowing NOTHING..
I have to get my feet wet (but not burned:eek:) ..somewhere.
I'm liking the looks of Options House for my uses..
anyone here have an account with them?? feedback on them??

Thanks in advance!
 
Signed-In Members Don't See This Ad
johnnycnc said:
I'm looking at openeing an online trading account, and knowing NOTHING..
I have to get my feet wet (but not burned:eek:) ..somewhere.
I'm liking the looks of Options House for my uses..
anyone here have an account with them?? feedback on them??

Thanks in advance!
Click to expand...


John,
I am not sure if you need help with the best on-line brokerage to use or with the actual activity of trading options.
I stopped paying brokerage fees many years ago when it finally occured to me that my broker was being paid for doing what I told him to do. Why not pay the commission to myself?
That being said, any brokerage account can pretty much do what you need, BUT, some will require you to prove that you are experienced at trading options before they will set you up. The biggest differences are the fees and the charts that are available to you. The online ones like Etrade and Scott Trade are pretty good, both having many of the REAL TIME charts that are needed along with many others. You might check with your personal bank. Many that have in-house brokerages also have on-line trading accounts at reduced fees for customers. It is also a place where you can actually get face to face with them which I like. There are some sites that are dedicated soley to options traders.
If you are talking about learning to trade options, all I can say is get lots and lots and lots and lots of education first. Options trading - like pen turning - is an art in itself. Think back about how many pen blanks you destroyed trying to learn the art. The first time you place a put or a call and it pays off is the most exciting thing you will ever experience. There are even ways to make money on stocks that you don't even own.

Good luck no matter which way you go. Just do your homework on all aspects. I'll be waiting to see your name added to the Forbes list of billionaire pen turners.
Cheers
Bob
 
bobleibo said:
johnnycnc said:
I'm looking at openeing an online trading account, and knowing NOTHING..
I have to get my feet wet (but not burned:eek:) ..somewhere.
I'm liking the looks of Options House for my uses..
anyone here have an account with them?? feedback on them??

Thanks in advance!
Click to expand...


John,
I am not sure if you need help with the best on-line brokerage to use or with the actual activity of trading options.
I stopped paying brokerage fees many years ago when it finally occured to me that my broker was being paid for doing what I told him to do. Why not pay the commission to myself?
That being said, any brokerage account can pretty much do what you need, BUT, some will require you to prove that you are experienced at trading options before they will set you up. The biggest differences are the fees and the charts that are available to you. The online ones like Etrade and Scott Trade are pretty good, both having many of the REAL TIME charts that are needed along with many others. You might check with your personal bank. Many that have in-house brokerages also have on-line trading accounts at reduced fees for customers. It is also a place where you can actually get face to face with them which I like. There are some sites that are dedicated soley to options traders.
If you are talking about learning to trade options, all I can say is get lots and lots and lots and lots of education first. Options trading - like pen turning - is an art in itself. Think back about how many pen blanks you destroyed trying to learn the art. The first time you place a put or a call and it pays off is the most exciting thing you will ever experience. There are even ways to make money on stocks that you don't even own.

Good luck no matter which way you go. Just do your homework on all aspects. I'll be waiting to see your name added to the Forbes list of billionaire pen turners.
Cheers
Bob
Click to expand...

Bob,
Thanks for some great advice, you pretty much have my intentions figured out and I appreciate your time in writing your reply.:smile:

John
♣
 
John,

I am a complete novice when it comes to investing. After taking big hits from TSA accounts with the economy decline I decided I couldn't do any worse than them.

I looked at the online trading platforms and singed up with TDameritrade. They all had advantages but I picked them because they had an office located near me. I've taken advantage of that to go talk to them. They've been more than happy to help, as I'm sure most are, even though I don't invest a lot.

Before I picket a company I did some internet searches, read a few technical accounts on yahoo and google. Started out small and stayed small.

I invest in a few stock, MF, and ETF's.

Hope this gives you some ideas. Feel free to pm any specific questions or ask here. I'm no expert but glad to help.

Carl
 
John for now and with all the mess going on with the market your money is safer under the mattress than having soem smarties like those guys spend and lose it for you. All the bigger monies have already been lost why would you want to join them?
 
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