Posted in
Education
By: Tom Gentile
on April 18th, 2022
Read the fifth part to the series here.
Skill #6 Never Stop Learning: Trading is a Lifelong Experience
Trading is a lifelong experience so long as you choose it to be.
To be the best, you have to constantly educate yourself; After all, the markets are constantly changing, and you need to be able to quickly adapt the latest ideas, systems, and strategies to meet new market conditions.
Utilize Cutting Edge Software
Not only does one have to constantly educate themselves, but they also need to make sure the analysis software they are using is constantly evolving and improving.
My team of programmers are constantly taking my and my team of instructors ideas on how to scan for securities to trade based on any number of technical indicators and upgrading my online software www.tomsoptiontools.com and my app Toms Option Tools and building effective and efficient scans to search up prospective securities that meet our stringent criteria.
My software then searches up prospective options trades from a simple long call option to a more advanced broken-wing butterfly option spread
This is done so one can analyze the potential Return on Investment (ROI) percentage for these trades when deciding on which one to trade.
KEY TIP: Toms Trading Room, LLC
My company, Toms Trading Room, LLC is an online education and software company. We have a variety of opportunities for you to sharpen your skills and expand your knowledge about trading and market dynamics.
Conclusion
Take all these skills to heart and invoke them into your trading. The sooner you start implementing them, the sooner you’ll achieve life-long success as a trader.
App: Toms Option Tools
Market Insight articles may show images of lists of stocks meeting a variety of options parameters like Unusual Call and or Put activity or Expensive IV found on my app Toms Option Tools.
Other times I will have other charts may work to amplify my educational points.
Those options data lists, however, can be found on my app Tom’s Option Tools. Use your device to search up and download this app and get free access to the Morning Reports section of the app.
Other parts of the app are available at a premium subscription rate, but the Morning Reports Lists are yours free.
Disclaimers
Stock and options trading has large potential rewards, but also large potential risk.
You must be aware of the risks and be willing to accept them in order to invest in the stock and options market. Do not trade with money you cannot afford to lose.
This is neither an offer to buy/sell/ or recommend a particular stock or option.
Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been actually executed, the results may have under or overcompensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with hindsight.
No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.
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Tom Gentile and TomsTradingRoom, LLC also make no promises that our content or the service itself will be delivered to you uninterrupted, timely, secure, or error-free. Under no circumstances will Tom Gentile and TomsTradingRoom, LLC be liable for direct, indirect, incidental, or any other type of damages resulting from your use or downloading of any content on our site.
This includes, but is in no way limited to, loss or injury caused in whole or in part by our negligence or by anything beyond our control in creating or delivering any portion of Tom Gentile and TomsTradingRoom, LLC.
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Tom Gentile and TomsTradingRoom, LLC are educational portals, providing content for educational and informational purposes only. Neither Tom Gentile nor TomsTradingRoom, LLC are a broker/dealer. Investors need a broker to trade stocks and options and must meet certain requirements. All securities, futures, and investments data and ideas are offered to self-directed investors. All prices in USD unless noted otherwise.
A full disclaimer can be found here: http://www.tomgentile.com/legal_disclaimers.html.