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Strategies & Market Trends : Options for Newbies -(Help Me Obi-Wan-Kenobe) -- Ignore unavailable to you. Want to Upgrade?

To: leo lewis who wrote (680)	2/12/1998 4:28:00 PM
From: Tim Fierro	Respond to of 2241

where can I find an option paper trading program,trying to learn option trading the inexpensive way. Sorry Leo, I don't know of any. For me, I am just looking at the prices and reviewing here on how one uses options for profit. I don't actually paper trade or real trade options since I am not totally satisfied that I know the consequences from the actions taken on trading options. Tim

To: leo lewis who wrote (680)	2/12/1998 4:43:00 PM
From: Carl Fritch	Read Replies (1) \| Respond to of 2241

I don't know of any either... Why don't you just do it "on paper" and see if it works... as long as you are realistic about the prices you buy and sell them for and are honest with yourself there isn't any reason you can't just do it on your own... Start with a set amount of money, say $10,000.00 and start trading (on paper) and see what happens. One trick of the trade is to never risk more than a small amount of your capital on any one trade (about 10% is good). Also be sure to include commissions. They really do add up a lot unless you are trading more than 2 or 3 contracts. Just a thought. Carl Fritch