Subscribing to an option trading newsletter provides you access to information and data that may not be known to the general public. And when it comes to the markets, any information that can give you a leg up in the game can be the difference in you making a profit or taking a loss.
Plus, you don't want to be the last to know when a major event happens. The newsletter can be your window into a market that is about to balloon or burst. Either way it goes, you can profit with options.
However not all newsletters are created the same. Here are some of the basics that you should look for when you subscribe to an option trading newsletter.
Look for one that publishes at least once a week.
You want to subscribe to one that at the very least publishes weekly. Your best bet are the ones that publish daily. Time is money in the world of stock options. Whether your option is expiring that week or in a year, having timely information is the key to smart buying and selling.
Can you understand what's written?
Option trading terminology can be difficult to understand, especially for someone just starting out. A good newsletter will realize this. Not only will they have relevant information about what's going on in the market, they'll deliver it in a manner that is easy to grasp.
Read their back issues.
Many newsletter publishers have back issues that you can browse once you subscribe. Go back and read several to see what type of track record they have. Do not expect them to be perfect, but if you see more losers than winners, that should raise a red flag.
Do they want money up front?
Most of the newsletters are free. And if they do charge, they will at least give you a free trial before you have to pay. If they want money up front, I tend to stay away from them. It says to me, you're more interested in getting money than really helping me.
So, if you use these steps as your basic criteria, you should have no trouble selecting a good option trading newsletter.
Friday, January 25, 2008
Option Trading Newsletter
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