I need help on Option Trading | Bitcointalksearch.org

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: TheGreatPython on January 30, 2023, 02:17:22 PM

Quote from: Xampeuu on January 29, 2023, 09:02:39 AM

Quote from: palle11 on January 29, 2023, 07:40:56 AM

It is not gambling if you want to do the right thing. All forms of trading involves research and you must have to do that. It is when you don't do that you think of it as gambling but it is not. You have your indicators and research guidelines to go through and also the chart is important. Gambling has no chart and it outcome are strictly based on luck.

but the option that I'm not interested in is that we have to wait for a predetermined time so we can't stop before the allotted time runs out. this is different from trading, where we freely determine our actions at any time in the market. in options it becomes difficult I think sometimes the market used seems to be manipulated because it doesn't match the market in general. and I don't know if this is called gambling or not, but I think it's difficult to live it

This was still part of trading, and that is why it has a trading on its name however its only on a different variation but one should study it first before engaging so that he can perform it well. It's normal for the market to move in other directions as opposed to what you predicted and it does not mean that there are manipulations going on it.

Even in the normal spot trading, it does happen too. There is no way we can make predict the market accurately and if so then all of us here are now rich. You know when it's similar to gambling if you don't know what you are doing. If you find it too difficult then you better not continue than incur more losses.

I can consider options trading to be some sort of gambling considering that you are playing with price movements whether it would be going up or down on a specific period short of time on which there's no way that you could really be able to know or apply analysis specially when dealing up with cryptocurrencies considering about on how volatile and unpredictable it is.How much more on making up some analysis on few minutes?
Come to mind off that that most technical indicators been make used and mold of arent precisely effective on long term or mid-time duration.How much more on short time?
For those who could bare up with the risk then go ahead but its not really that something recommended.

TheGreatPython

sr. member

Activity: 2660

Merit: 339

Quote from: Xampeuu on January 29, 2023, 09:02:39 AM

Quote from: palle11 on January 29, 2023, 07:40:56 AM

It is not gambling if you want to do the right thing. All forms of trading involves research and you must have to do that. It is when you don't do that you think of it as gambling but it is not. You have your indicators and research guidelines to go through and also the chart is important. Gambling has no chart and it outcome are strictly based on luck.

but the option that I'm not interested in is that we have to wait for a predetermined time so we can't stop before the allotted time runs out. this is different from trading, where we freely determine our actions at any time in the market. in options it becomes difficult I think sometimes the market used seems to be manipulated because it doesn't match the market in general. and I don't know if this is called gambling or not, but I think it's difficult to live it

This was still part of trading, and that is why it has a trading on its name however its only on a different variation but one should study it first before engaging so that he can perform it well. It's normal for the market to move in other directions as opposed to what you predicted and it does not mean that there are manipulations going on it.

Even in the normal spot trading, it does happen too. There is no way we can make predict the market accurately and if so then all of us here are now rich. You know when it's similar to gambling if you don't know what you are doing. If you find it too difficult then you better not continue than incur more losses.

Xampeuu

full member

Activity: 1442

Merit: 116

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: palle11 on January 29, 2023, 07:40:56 AM

Quote from: GelatikKembar on October 14, 2022, 06:42:46 AM

I can only give advice to stay away from option trading because option trading is the same as gambling,
I know Binance also provides this trading feature but it would be better if you avoid it,
not just like gambling but you can lose all your capital there if you trade wrong.

It is not gambling if you want to do the right thing. All forms of trading involves research and you must have to do that. It is when you don't do that you think of it as gambling but it is not. You have your indicators and research guidelines to go through and also the chart is important. Gambling has no chart and it outcome are strictly based on luck.

but the option that I'm not interested in is that we have to wait for a predetermined time so we can't stop before the allotted time runs out. this is different from trading, where we freely determine our actions at any time in the market. in options it becomes difficult I think sometimes the market used seems to be manipulated because it doesn't match the market in general. and I don't know if this is called gambling or not, but I think it's difficult to live it

palle11

sr. member

Activity: 2366

Merit: 332

Quote from: GelatikKembar on October 14, 2022, 06:42:46 AM

I can only give advice to stay away from option trading because option trading is the same as gambling,
I know Binance also provides this trading feature but it would be better if you avoid it,
not just like gambling but you can lose all your capital there if you trade wrong.

It is not gambling if you want to do the right thing. All forms of trading involves research and you must have to do that. It is when you don't do that you think of it as gambling but it is not. You have your indicators and research guidelines to go through and also the chart is important. Gambling has no chart and it outcome are strictly based on luck.

Kgdktac

member

Activity: 322

Merit: 10

the type of options trading that you are describing, where the outcome is determined by the difference between the striking price and the price at expiration, is known as a European-style option.

The options trading offered by Binance, on the other hand, is likely a binary option, which is a different type of option contract.
In binary options, the outcome is binary (i.e., you either win or lose) and is determined by whether the underlying asset's price is above or below a certain level (the strike price) at expiration. Because of this, it is not uncommon for a trader to win the bet even if the market price is not in their favor.

Oneandpure

sr. member

Activity: 2100

Merit: 309

I don't recommended with Binance as place for future trading due faced many bad experience there, ever got liquidation after my stop loss not working yet although price have touch based on my setting for stop loss working when price coins drop. There are unbelievable when using take profit with limit order not filled yet although price was up than my selling order.

But Binance is worth for spot trading, right now I don't active with future trading and I don't know which one recommended exchange use for future trading but Kucoin seems better to try.

xSkylarx

hero member

Activity: 2366

Merit: 594

Quote from: GeorgeJohn on October 16, 2022, 04:39:19 PM

Quote from: GelatikKembar on October 14, 2022, 06:42:46 AM

I can only give advice to stay away from option trading because option trading is the same as gambling,
I know Binance also provides this trading feature but it would be better if you avoid it,
not just like gambling but you can lose all your capital there if you trade wrong.

No trading that is not involve risk measure, so comparing trading as gambling will give you a setback, so therefore what you suppose to do in trading is to scrutinized or understand the basic concept of trading before you could venture into it, because from my perspective i confirmed that trading involve many measure to make it to be successful, so therefore it needs more attention or focus to study and comprehend immensely to the disadvantages and advantages of trading, anyone who jumped into trading without knowing the rudiments of trading will definitely ends up with a negative results via trading.

I think it applies to all as you as you are earning money from it you should spend time learning on it. As you can see other newbies that are doing trading they usually jump to telegram groups that was giving signals since they are lazy to not learn. In trading as long as you spend time on learning trading for sure youll gain profit that is why take your time in learning trading

EarnOnVictor

hero member

Activity: 826

Merit: 641

Leading Crypto Sports Betting & Casino Platform

I did not know it would take me this long to get a good pointer from my fellow BTT member regarding my search for an appropriate Option trading exchange that will not be cheating as I explained on the first page. In case anyone has skipped this, please, I still need the direction towards the site/app that will satisfy this quest. Perhaps, I should ask it in the gambling section for more audience to view it?

I am still yearning for Option trading exchanges that could offer the service differently from Binance, specifically in the traditional Option way.

dunfida

legendary

Activity: 3122

Merit: 1140

Quote from: GeorgeJohn on October 16, 2022, 04:39:19 PM

Quote from: GelatikKembar on October 14, 2022, 06:42:46 AM

I can only give advice to stay away from option trading because option trading is the same as gambling,
I know Binance also provides this trading feature but it would be better if you avoid it,
not just like gambling but you can lose all your capital there if you trade wrong.

No trading that is not involve risk measure, so comparing trading as gambling will give you a setback, so therefore what you suppose to do in trading is to scrutinized or understand the basic concept of trading before you could venture into it, because from my perspective i confirmed that trading involve many measure to make it to be successful, so therefore it needs more attention or focus to study and comprehend immensely to the disadvantages and advantages of trading, anyone who jumped into trading without knowing the rudiments of trading will definitely ends up with a negative results via trading.

Always make yourself to know at least the basics whenever you do deal up something new or you dont really have any knowledge at all but we know that there are certain trading types which does have different level

of risk and this one which had been pertained on OP was options trading which we know that this is really something that cant be deal off with anyone and its nature where decisions should be making is really involving

on very short duration.Even you do consider yourself to be veteran on trading but doesnt mean that you would be high chances of profiting on options trading.
I have tested out for myself on how risk this type of trading is which is never been recommendable for noobs.

EarnOnVictor

hero member

Activity: 826

Merit: 641

Leading Crypto Sports Betting & Casino Platform

Quote from: justdimin on October 16, 2022, 04:25:01 PM

Option trading is not a place for people who need help. If you need help then you shouldn't be trading options.

I guess your reply was borne out of the subject because I never said I needed someone to train me about Option trading. I only need people to suggest alternative exchanges to Binance that offers a quality Option trading service for me.

Quote from: GelatikKembar on October 14, 2022, 06:42:46 AM

I can only give advice to stay away from option trading because option trading is the same as gambling,
I know Binance also provides this trading feature but it would be better if you avoid it,
not just like gambling but you can lose all your capital there if you trade wrong.

If people could engage in real gambling, why should I and those cashing out from Option trading steer clear? I believe that some advice is not necessary, Option trading is about the person in question. I that is yearning for a good exchange that offers Option trading must have been earning from traditional Option trading.

Once you have a good strategy that works well for a specific time expiration, stick to it. Also, it is the responsibility of anyone to manage their money and the risk they take, which is equally important for any leveraged trading.

Quote from: Mpamaegbu on October 18, 2022, 03:15:25 AM

You should know that there are few regular traditional traders here than hodlers. Those who even trade like to stick mainly to Spot and Futures, not even dabbling into Forex or Binary. So, don't be offended that your quest hasn't been properly attended to. I steer clear of Options as I consider it pure gambling. Maybe others do too.

Thank you for this reply, I myself have noticed this after no satisfactory reply from anyone for about a month now. I believe that crypto is still young and the competition by exchanges will later force them into offering Option trading, though might take time. Mind you, option trading is reasonable gambling if you are a good speculator unlike real gambling (gaming, dice rolling and others).

Mpamaegbu

legendary

Activity: 2716

Merit: 1225

Once a man, twice a child!

Quote from: EarnOnVictor on September 26, 2022, 10:12:47 AM

It seems my BTT people don't trade Option as I thought. I expected more suggestions and options for me to look into than what I see from the responses received so far.

You should know that there are few regular traditional traders here than hodlers. Those who even trade like to stick mainly to Spot and Futures, not even dabbling into Forex or Binary. So, don't be offended that your quest hasn't been properly attended to. I steer clear of Options as I consider it pure gambling. Maybe others do too.

Quote from: Hamphser on October 14, 2022, 04:59:39 PM

Options trading is a gamble! No doubt with that!

You can say that again! How else does one indulge an instrument that is timed to expire at a given duration in a volatile market and not classify it as pure gambling? Perhaps OP will tell us more about this.

GeorgeJohn

hero member

Activity: 1498

Merit: 711

Enjoy 500% bonus + 70 FS

Quote from: GelatikKembar on October 14, 2022, 06:42:46 AM

I can only give advice to stay away from option trading because option trading is the same as gambling,
I know Binance also provides this trading feature but it would be better if you avoid it,
not just like gambling but you can lose all your capital there if you trade wrong.

No trading that is not involve risk measure, so comparing trading as gambling will give you a setback, so therefore what you suppose to do in trading is to scrutinized or understand the basic concept of trading before you could venture into it, because from my perspective i confirmed that trading involve many measure to make it to be successful, so therefore it needs more attention or focus to study and comprehend immensely to the disadvantages and advantages of trading, anyone who jumped into trading without knowing the rudiments of trading will definitely ends up with a negative results via trading.

justdimin

hero member

Activity: 3164

Merit: 675

www.Crypto.Games: Multiple coins, multiple games

Quote from: EarnOnVictor on September 24, 2022, 03:40:41 AM

Just like traditional trading, futures trading has been a very good innovation in the crypto space, yet I still feel incomplete without trading Bitcoin with Option. I was happy to see the Option trading feature with Binance, which is my only exchange, but they offer a different kind of Option trading from the traditional one I know. Their style of offering is designed to make one lose as your winning is not guaranteed even if the difference between the striking price and the price at expiration is in your favour.

Option trading is not a place for people who need help. If you need help then you shouldn't be trading options. I have been in crypto for longer than most people here, and even I do not go into it. Because, I know that if I need help and I can't do it, then it is on me and it’s my own problem and no one else’s.

Everyone should be aware of it like this, you can't put the problem on someone else and ask them to solve it, getting help on how to learn is like that, because you want others to take the responsibility and teach you stuff, and you shouldn't rely on the kindness of the strangers, it wouldn't really make sense in this situation.

Hamphser

sr. member

Activity: 2604

Merit: 338

Vave.com - Crypto Casino

Quote from: GelatikKembar on October 14, 2022, 06:42:46 AM

I can only give advice to stay away from option trading because option trading is the same as gambling,
I know Binance also provides this trading feature but it would be better if you avoid it,
not just like gambling but you can lose all your capital there if you trade wrong.

Options trading is a gamble! No doubt with that!

Dealing up with volatility on short time scale is just like suicide.You cant apply any technical indicators.Why i can say so? I do have experience on having those options trading in IQoption.

I have tested on Bitcoin which way before i do deal up with indices and foreign currencies but do ended up on having a blown account due to failed emotional handling.

If you arent that good enough or well experienced on trading then its better not to touch up this area because you would just basically be losing up your money.

GelatikKembar

full member

Activity: 854

Merit: 100

The OGz Club

I can only give advice to stay away from option trading because option trading is the same as gambling,
I know Binance also provides this trading feature but it would be better if you avoid it,
not just like gambling but you can lose all your capital there if you trade wrong.

EarnOnVictor

hero member

Activity: 826

Merit: 641

Leading Crypto Sports Betting & Casino Platform

Quote from: jaberwock on October 06, 2022, 11:32:51 AM

Quote from: Xxmodded on October 03, 2022, 10:54:45 PM

Before trying with Future Trading You need to know about margin fund, leverage, PNL loss and Profit and most important you have understand about LIQUIDITY.

Didn't knew future trading is that hard where you need to learn all those items that you mentioned first before you can proceed with the actual future trade and I believe all of them are also hard judging only with their names. No wonder why you can understand future trading right after it but I think the op is more concerned of options trading not future trading but idk if both of them are similar or not.

A lot of people here say that futures trading is very risky that it can be already linked to gambling but in fact this was already on some gambling sites. They just put it there because they also think that it would perfectly fit there than in trading platforms.

Futures trading is just like traditional forex/financial market trading, they are leveraged products, so they are risky. But, that doesn't mean that they are not profit-massing, once you can learn, get a good system, psychology and management, then your problem is half-solved.

Quote from: Wind_FURY on October 03, 2022, 06:25:17 AM

Quote from: EarnOnVictor on September 24, 2022, 03:40:41 AM

Just like traditional trading, futures trading has been a very good innovation in the crypto space, yet I still feel incomplete without trading Bitcoin with Option. I was happy to see the Option trading feature with Binance, which is my only exchange, but they offer a different kind of Option trading from the traditional one I know. Their style of offering is designed to make one lose as your winning is not guaranteed even if the difference between the striking price and the price at expiration is in your favour.

Debatable. Futures, and other derivatives, trading has also contributed to more volatility in Bitcoin, and other markets in crypto.

Quote

Take, for example, I bought the (Call) option on BTC at 18634.35 on Friday for an expiration of 1 hour. Could you believe that the price of the market was at 18855.87 at the expiry time, but Binance still concluded that I lost the bet? This is not a mistake because such a situation has happened to me more than 5 times with the same exchange.

I don't know how Binance calculates their options trading and I don't care again. Is there any exchange you can suggest to me that gives winning like the traditional Option trading where the slightest point counts?

Let's make it clear, you bought a call option on Bitcoin, with an expiry of one hour, and with a strike price of $18,634.35? Or did you buy the call option when Bitcoin was priced at $18,634.35? Because if it's the second one, then what would the strike price be? Plus posting your screenshots would be very helpful.

My post and question are simple enough, so anyone with any good ideas can easily furnish me with them. I believe you don't have any idea about this, not even a suggestion of a crypto options exchange or a valid question because if someone buys Bitcoin in an option trading (18634.35) for 1-hour expiration. And after the time lapses, the price of the BTC is 18855.87, is that not a win and straightforward enough? So I don't know how else to explain what is right in front of you to you.

jaberwock

legendary

Activity: 2660

Merit: 1074

Quote from: Xxmodded on October 03, 2022, 10:54:45 PM

Before trying with Future Trading You need to know about margin fund, leverage, PNL loss and Profit and most important you have understand about LIQUIDITY.

Didn't knew future trading is that hard where you need to learn all those items that you mentioned first before you can proceed with the actual future trade and I believe all of them are also hard judging only with their names. No wonder why you can understand future trading right after it but I think the op is more concerned of options trading not future trading but idk if both of them are similar or not.

A lot of people here say that futures trading is very risky that it can be already linked to gambling but in fact this was already on some gambling sites. They just put it there because they also think that it would perfectly fit there than in trading platforms.

Wind_FURY

legendary

Activity: 2898

Merit: 1823

Quote from: adaseb on October 03, 2022, 09:24:50 PM

Nobody really, except maybe a small number of institutions really trade Bitcoin options. They are popular for stocks but in forex or crypto nobody trades them. The liquidity is also bad.

Most just trade the futures or the perps. It gives you lots of leverage and has great liquidity. You should focus on this. Options are usually priced against you and you need to get the direction and time correct to make a profit, very difficult to do.

I believe it's not just the institutions anymore. Plebs like us, perhaps absolutely no one uses it except for the purposes of gambling/trying options, but there might currently be more whales during this cycle that use a more advanced strategy that utilizes options for hedging their long or short positions than the last cycle.

It's probably good to learn about options to understand its effect on the market when their expiries are coming.

Xxmodded

sr. member

Activity: 2296

Merit: 315

SOL.BIOKRIPT.COM

Before trying with Future Trading You need to know about margin fund, leverage, PNL loss and Profit and most important you have understand about LIQUIDITY. Not the same between Spot and Future Trading because leverage profit is the way how make drastically different between both kind of trade. Seems with your cases used small fund and try to trade with Bitcoin kind of Future Trading, but you use maximum Leverage in future trading until not support with your margin fund, actually small fund just few price different only reach liquidity, better if want to trade at future trading used under 10x for Leverage and keep far with Liquidity.

adaseb

legendary

Activity: 3808

Merit: 1723

Nobody really, except maybe a small number of institutions really trade Bitcoin options. They are popular for stocks but in forex or crypto nobody trades them. The liquidity is also bad.

Most just trade the futures or the perps. It gives you lots of leverage and has great liquidity. You should focus on this. Options are usually priced against you and you need to get the direction and time correct to make a profit, very difficult to do.

Topic: I need help on Option Trading (Read 408 times)