Part7 Trading Master Class

Practical Tips for Success
Backtest strategies on historical data.

Start with paper trading before using real money.

Track your trades in a journal.

Combine technical analysis with options knowledge.

Trade liquid options with tight bid-ask spreads.

Final Thoughts
Options are like a Swiss Army knife in trading — versatile, powerful, and potentially dangerous if misused. The right strategy depends on:

Market view (up, down, sideways, volatile, stable)

Risk tolerance

Timeframe

Experience level

By starting with basic strategies like covered calls or protective puts, then moving into spreads, straddles, and condors, you can build a strong foundation. With practice, risk management, and discipline, options trading can be a valuable tool in your investment journey.