Penny Stock Websites

[mage lang="" source="flickr"]penny stock websites[/mage]
Where did you learn to trade Options and how long did it take you to get the hang of it?

When I say “where” I mean any good books or websites or strategies?

If you have small amounts of cash is it better to use it on penny stocks or options?

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When I first learned about options there was no internet and there were not a lot of books on the subject, so most of my initial education came from by broker. (In those days that was a person you talked to who gave you advice.)

Since that time I have expanded my knowledge by reading books.

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Years, but I never made any effort to learn what I needed to know quickly.

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There are two excellent spam-free web resources for learning the basics about options.

http://www.cboe.com/LearnCenter/default.aspx

http://www.optionseducation.org/

Once you have completed the free education available at these sites, I still recommend reading at least one good book about options before trading them. Any of the books in the bibliography at

http://www.cboe.com/Institutional/Bibliography.aspx

can be considered “good” depending on your level It is best to review several at a large library, large bookstore, or at amazon.com to pick a book appropriate for you.

My favorites, which may not be the best for you, are

McMillan, Lawrence G.: Options as a Strategic Investment, Fourth Edition, New York, New York Institute of Finance, 2002.

Natenberg, Sheldon: Option Volatility and Pricing, Revised Edition, Burr Ridge, Illinois, Irwin Professional Publishing, 1994.

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IMHO, options. With options you can learn what you need to know about the underlying company. with most penny stocks that is difficult or impossible.

I should add that in general I would recommend that anyone with “small amounts” start by investing in long term traditional (not penny) stock positions.

Penny Stock Presentation


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