Swing trades are executed within 2 – 10 days. This short time frame is critical to successful options trading.
Some Basic Essentials before going further:
FIRST: Keep it Simple! Complicated systems lead to stressful, emotional trading, which is gambling.
SECOND: Start with a basic, profitable, safe strategy before charging at windmills. Many beginners start too quickly, expecting to make a fortune. Statistics say that 90% lose their shirt. Call it “school fees” if you like, but education does not need to be so expensive.
I have found it better to start with a moderately profitable, simple strategy, and then expand to a variety of methods that require a bit more skill.
FINALLY: There is one key concept that is absolutely critical to being successful at option trading: TIME DECAY. This is the Secret Monster lurking behind every option trade. Learn how to keep this monster working FOR you, not against you.
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