1-Why.
I realize that trading will have a learning curve and I will have to be disciplined and patient. I don't want to trade for a living because I want to have the freedom to make good decisions without worrying if I'm going to be able to pay the mortgage.
But I'm not going to lie, I want to be financially independent which to me is the same as being rich.
2-Commitment.
I can commit about 10hours a week
3-Timeframe and method.
I will use options to take advantage of a huge news opportunity, but I will primarily either use options strategies to trade directionally or non-directionally as the market lends itself.
4-Account/investment size.
I've got about 5k to trade, and I would like to have a minimum 20% ROI per year.
Realistic?
5-Money management.
I understand that losses are part of the game from playing poker, but if one consisting makes trades with a positive expected value, he can come ahead over time. I plan to limit losses using stops.
6-Product.
Options
7-Broker.
Options House
8-Platform.
Options House Platform
9-News source.
Need to learn more about this. I have been using Google Finance.
10-Computer.
Computer is ok.
11-Internet Connection.
Have reliable high speed internet
Thks,
Drader77