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Darren Rovell joins Tom Sosnoff for a virtual fireside chat on sports betting & trading.

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Newbie Mistakes

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Options involve risk and are not suitable for all investors. Please read Characteristics and Risks of Standardized Options before deciding to invest in options.

Some potential pitfalls that new traders can run into include:

  • Not using probabilities
  • Trading illiquid underlyings
  • Legging in and out of trades
  • Getting too big
  • Buying out of the money options

By keeping these in the back of your mind and NOT doing them can increase your overall probability of success and average performance.

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