I want to trade options on stocks?
Hello I want to trade options on stocks and i have a small initial capital about 2000 usd's. I want to find a service which offers managed options accounts. Can anybody suggest any? Thanks.
Public Comments
- If you want to go it alone try Tradeking (www.tradeking.com) or Zecco (www.zecco.com). I don't know of anything like a mutual fund that handles options.
- What makes you think any firm is going to be interested in trading less than $2000? Options are a high risk instrument - it is possible to make your initial investment grow - but I suggest you save up $10,000 before you try. And in the meantime, do some paper trading so that you learn what to do for yourself.
- Options are not for you. I suggest you to invest in ETFs and Mutual Funds only for a while until you have at least $10,000.00 USD and then buy a few stocks. I will help you for FREE. (I am a Portfolio Manager) Managed Options Accounts require at least $100,000.00 USD.
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