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cazbot t1_jacjfwi wrote

Reply to comment by Bxdwfl in and I wouldn't change this system for the world. by moonyou22

I tried to trade 1 options contract once just to see if it operated the way I thought it would. I basically spent $200 to confirm that I am just as stupid as I thought I was, maybe stupider.

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SuperUnic0rn t1_jaclpoq wrote

That is a very reasonable way to learn and mitigate risk. I recommend not starting with a week expiration, maybe 1 month, so you have some time to watch the value change.

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cazbot t1_jacmf3a wrote

That was actually my primary error, was not understanding the expiration date properly.

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