Part 2 Master Candlestick Pattern

Disadvantages of Options

Complexity for beginners

Time decay risk (premium can vanish)

Unlimited risk for sellers of uncovered options

Requires active monitoring for effective trading

Tips for Successful Options Trading

Understand the underlying asset thoroughly.

Start with basic strategies like long calls, puts, and covered calls.

Use proper risk management and position sizing.

Keep track of Greeks to understand sensitivity.

Avoid over-leveraging.

Monitor market volatility; high volatility can inflate premiums.

Use demo accounts or paper trading for practice.