Dough.comTastyTrade.comare free and better than any of the 5 trading seminars I've been to.
Options are great b/c you can start with low capital and limit your risk and make fairly outsized returns.
The industry is structured such that the brokers keep you from hurting yourself too badly in the beginning. Which is very important to the new trader. When learning a skill low risk practice is important.
Numerical Risk is the reason why options exist in the first place and by becoming comfortable manipulating and measuring risk you will improve your profitability.
Most fund salespeople use nebulous terms around risk. like moderate or high. By trading options you can calculate it precisely. I am risking 200$ to make 100% with a probability of 40%.
A decent bet. 33% would be the general cut off line for that trade to become a bad bet.
But that's not all you can do high probability bets. with a 98% chance of success, risking less than 2%. or conversely making outsized bets with a 1% chance of success earning in excess of thousands of percents in returns.
If you believe your market always goes up your odds in the US market are historically around 53:47 in your favor. And when dealing with VERY LARGE amounts of money Going long the market with 6% (53-47) on your side is a very good thing relative to bonds which are at 0.25% risk "free".
But when dealing with small amounts which in the markets is less than $1B options provide tremendous opportunity for high probability gains with respect to risk.
That said sustainability depends on your needs and earning a poverty level salary on trading alone, assuming 20% returns per year (after fees) - taxes = 17% cap gains. and a minumum income of 15k means a trading account of around 88k, assuming you're trading correctly much of that is reserves so in reality. you need 147k in your brokerage to make an sustainable exclusive trading lifestyle.
That said you need to get started at some point. I did @ 6k
