Sunday, September 13, 2009

[TheOptionClub.com] Re: Is it required and does it actually help: esignal or Platinum

 

I think the PDF you're referring to is a fairly old post I made in
response to someone's question. Platinum is an options analytic
package. Advanced GET is a technical analysis package that employ's
some of Tom Joseph's technical studies. Neither are required. Neither
will make you more successful absent a solid foundational understanding
of options and risk management.

By the way, today I would revise my opinion regarding minimum account
size down to $5,000 due in large part to reduced trading costs. Back
then I think I was paying a minimum ticket charge of something like $14
or $15, which made trading small one or two contract positions
unaffordable.

Christopher Smith
TheOptionClub.com

--- In OptionClub@yahoogroups.com, "schlange.meister"
<schlange.meister@...> wrote:
>
> I have read one of the PDFs from the files section about minimum
account balance to start. The author of the question implied that one
should have Advanced GET or Platinum to do option trading. I am looking
to do credit spread options and covered calls.
>
> Do these tools actually help or make one more successful? I have TOS
and that package seems quite good. If you combine that with Groenke's
Vision software you can screen for good candidates without too much
trouble.
>
> What software tools are considered "musts" or "best to have" to write
options and generate a monthly income from writing options?
>

__._,_.___
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