Location: All meetings, unless otherwise noted, are held at the Elks Lodge, 375 N Pastoria, Sunnyvale, CA (http://tinyurl.com/ElksLodgeSunnyvale)
Learn to Trade -- Why You Don't Need Stocks
With the advent of free stock trading, you may ask why use options? Are they really that helpful? Aren't stocks good enough? The answer is yes and no. Stocks let an investor take a long term position with little time commitment if one is willing to settle for good returns and suffer through the occasional bear market. With options, those returns can be greater. Options can also provide an income greater than dividends. Options can be used to reduce the risk when the market trend reverses.
In the second of SVOG’s “Learn to Trade” series, we will explore the use of options and why you never need or want to buy stock ever again. We will build on the first session’s use of trend identification. This second session will cover:
- What and how can options be used
- Using options versus and with investing
- The elements to understanding options and probabilities
- Trading time frames
- How to trade when the market is bullish, bearish, or consolidating
In the series, we’ve covered identifying trends and the use of options. In the future sessions, we will be discussing what option strategies to use and how to manage them when you have a trend identified and how to build a portfolio that balances growth with income.
You won’t want to miss a single session as each builds on the previous session’s training.
About Our Speaker
Dennis Wong is a retired Fortune 500 corporate/business strategy executive with over 30 years in strategy, planning, marketing, and engineering. He has been a student of the market for over 15 years and started trading options actively in 2005. Since retiring, Dennis has been studying the best practices of many successful traders (and some not so successful ones) and trained under a number of instructors. He is still learning through reading trading books, watching video courses and coaching. He is a technician at heart but recently added a fundamental component to his trading. Dennis has a EE from Berkeley, MBA from Santa Clara, and is a Stanford ALP graduate.