{"id":14,"date":"2022-08-14T18:48:34","date_gmt":"2022-08-14T18:48:34","guid":{"rendered":"http:\/\/bnewmillerl-002-site1.atempurl.com\/?p=14"},"modified":"2022-09-11T13:56:33","modified_gmt":"2022-09-11T13:56:33","slug":"the-moving-parts","status":"publish","type":"post","link":"https:\/\/newmiller.com\/index.php\/2022\/08\/14\/the-moving-parts\/","title":{"rendered":"The Moving Parts"},"content":{"rendered":"<div class=\"tta_notice\"><\/div><button id=\"tta__listent_content_1\" class=\"tta__listent_content \" type=\"button\"  title=\"Text To Audio:  Tap to listen post.\"><div class='tta_button'><span class=\"dashicons dashicons-controls-play\"><\/span> <span> Listen<span><\/div> <\/button>\r\n<style>\r\n#tta__listent_content_1.tta__listent_content{ background-color:#184c53;color:#ffffff;width:100%;border:0;display:block;border-radius:4px;text-decoration:none;cursor:pointer; }\r\n#tta__listent_content_1.tta__listent_content:hover{background-color:#184c53;color:#ffffff;width:100%;border:0;display:block;border-radius:4px;text-decoration:none;cursor:pointer;}\r\n#tta__listent_content_1.tta__listent_content .text-position{ position: absolute;padding-top: 2px; }\r\n#tta__listent_content_1.tta__listent_content .dashicons{ display: none;line-height:1;font-size:25px;height:25px;width:25px; }\r\n\r\n<\/style>\r\n<script>\r\n    window.ttsContent = \"The Moving Parts. [responsivevoice_button rate=\\\"0.9\\\" pitch=\\\"0.5\\\" volume=\\\"0.8\\\" voice=\\\"US English Female\\\" buttontext=\\\"Play\\\"] A profit machine for trading options has a lot of moving parts. The first challenge new traders face is getting their heads around the fundamentals of how option contracts work. You can find a lot of places online that explain the basics of calls and puts, option spreads, and how options are priced. A lot of it will seem impenetrable. I found that the best written and most accurate information was available online through my brokerage account. Although I\\'m not going to recommend any particular brokerage firm or information source, I will share the sources that helped me get the basics, and I will list them in the sidebar of this blog. I opened an account at TD Ameritrade, where I continue to explore lessons, articles, and webcasts. Even without a TD Ameritrade account, you can view their webcasts. I used $50 dollars to open an account there, and gained access to a lot more--data, interactive courses, and their trading platform Thinkorswim(TOS). I loaded TOS on my PC, and discovered a bewildering, but powerful, application that supports live trading with real money as well as pretend trading, which they call a paper account. Although I\\'ve used TOS for over a year, I still learn new things about what it can do. Learning to use a trading platform is important, but there\\'s a lot more to trading options than just pointing and clicking. Still pointing and clicking is where I began. Another resource I used was Investopedia, which has many understandable articles on various aspects of trading. I also learned from Option Alpha, which offers a very specific approach to trading options that is worth consideration. In the end though, as I learned more about how option pricing works and became more knowledgeable about the underlying stocks and exchanges traded funds (ETFs), I developed my own unique approach.\"\r\n    window.buttonId = 1\r\n    window.ttsListeningSettings = {\"tta__listening_voice\":\"Microsoft Mark - English (United States)\",\"tta__listening_pitch\":1,\"tta__listening_rate\":1,\"tta__listening_volume\":1,\"tta__listening_lang\":\"en-AU\"}\r\n<\/script>\n<p class=\"has-medium-font-size\">[responsivevoice_button rate=&#8221;0.9&#8243; pitch=&#8221;0.5&#8243; volume=&#8221;0.8&#8243; voice=&#8221;US English Female&#8221; buttontext=&#8221;Play&#8221;]<\/p>\n\n\n\n<p class=\"has-medium-font-size\">A profit machine for trading options has a lot of moving parts. The first challenge new traders face is getting their heads around the fundamentals of how option contracts work. You can find a lot of places online that explain the basics of calls and puts, option spreads, and how options are priced. A lot of it will seem impenetrable. I found that the best written and most accurate information was available online through my brokerage account. Although I&#8217;m not going to recommend any particular brokerage firm or information source, I will share the sources that helped me get the basics, and I will list them in the sidebar of this blog. I opened an account at TD Ameritrade, where I continue to explore lessons, articles, and webcasts. Even without a TD Ameritrade account, you can view their webcasts. I used $50 dollars to open an account there, and gained access to a lot more&#8211;data, interactive courses, and their trading platform Thinkorswim(TOS). I loaded TOS on my PC, and discovered a bewildering, but powerful, application that supports live trading with real money as well as pretend trading, which they call a paper account. Although I&#8217;ve used TOS for over a year, I still learn new things about what it can do. Learning to use a trading platform is important, but there&#8217;s a lot more to trading options than just pointing and clicking. Still pointing and clicking is where I began. Another resource I used was Investopedia, which has many understandable articles on various aspects of trading. I also learned from Option Alpha, which offers a very specific approach to trading options that is worth consideration. In the end though, as I learned more about how option pricing works and became more knowledgeable about the underlying stocks and exchanges traded funds (ETFs), I developed my own unique approach.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Listen [responsivevoice_button rate=&#8221;0.9&#8243; pitch=&#8221;0.5&#8243; volume=&#8221;0.8&#8243; voice=&#8221;US English Female&#8221; buttontext=&#8221;Play&#8221;] A profit machine for trading options has a lot of moving parts. The first challenge new traders face is getting their heads around the fundamentals of how option contracts work. You &hellip; <a href=\"https:\/\/newmiller.com\/index.php\/2022\/08\/14\/the-moving-parts\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/newmiller.com\/index.php\/wp-json\/wp\/v2\/posts\/14"}],"collection":[{"href":"https:\/\/newmiller.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newmiller.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newmiller.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newmiller.com\/index.php\/wp-json\/wp\/v2\/comments?post=14"}],"version-history":[{"count":8,"href":"https:\/\/newmiller.com\/index.php\/wp-json\/wp\/v2\/posts\/14\/revisions"}],"predecessor-version":[{"id":390,"href":"https:\/\/newmiller.com\/index.php\/wp-json\/wp\/v2\/posts\/14\/revisions\/390"}],"wp:attachment":[{"href":"https:\/\/newmiller.com\/index.php\/wp-json\/wp\/v2\/media?parent=14"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newmiller.com\/index.php\/wp-json\/wp\/v2\/categories?post=14"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newmiller.com\/index.php\/wp-json\/wp\/v2\/tags?post=14"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}