Table of contents
Leverage
Options allow traders to control a large amount of the underlying asset with a relatively small investment. This can lead to significant profits if the trade goes in the right direction.
Risk Management
Options can be used to hedge against potential losses in other investments, thus providing a way to manage risk effectively.
Flexibility
Options offer a variety of strategies to profit in various market conditions, whether the market is going up, down, or remaining stable.
Potential for High Returns
Due to the leverage effect, options can provide substantial returns on investment if the market moves favorably.
Income Generation
Some strategies, like writing covered calls, can be used to generate income even in stagnant markets.
We have collected here some useful links to help you find out if trading options is good.
Check the traffic stats of trading options on SimilarWeb. The key metrics to look for are: monthly visits, average visit duration, pages per visit, and traffic by country. Moreoever, check the traffic sources. For example "Direct" traffic is a good sign.
Check the "Domain Rating" of trading options on Ahrefs. The domain rating is a measure of the strength of a website's backlink profile on a scale from 0 to 100. It shows the strength of trading options's backlink profile compared to the other websites. In most cases a domain rating of 60+ is considered good and 70+ is considered very good.
Check the "Domain Authority" of trading options on MOZ. A website's domain authority (DA) is a search engine ranking score that predicts how well a website will rank on search engine result pages (SERPs). It is based on a 100-point logarithmic scale, with higher scores corresponding to a greater likelihood of ranking. This is another useful metric to check if a website is good.
The latest comments about trading options on Reddit. This can help you find out how popualr the product is and what people think about it.
You can use ChatGPT to create it for you (although it’s initial output may not work correctly), so you can reference the manual/tutorials on TOS’s support site. Lots of forums online where other traders have shared their creations too! Source: almost 2 years ago
Not sure this site allows it, have a closer look anyway: https://usethinkscript.com. Source: about 2 years ago
Try asking other users at usethinkscript.com. Source: about 2 years ago
Found this great Script on "usethinkscript.com" -- I suck at scripts asking for help - Would like to show the the "first bar of day" as a horizontal line only showing current day and with the option of bubbles not necessary though. Thank you. Source: over 2 years ago
Check out https://usethinkscript.com/. Source: almost 3 years ago
Yeah it'll work for longer time frames. Take a look at Stan Weinstein's book "Secrets for profiting in bull and bear markets". He outlines a method to view market structure and how to use RS/RW along with a 30 SMA to determine entries and exits to trades. Here's a like to the RS/RW indicator he used back then https://www.barchart.com/education/technical-indicators/mansfield-relative-strength. Personally I use the... Source: almost 3 years ago
If you're big on programming then it and/or tradingview might be for your. A lot of resources at https://usethinkscript.com/ for reference. Still learning myself, but they they're nice platforms to backtest different indicator setups and strategies. I'm not tied to a specific platform though. I setup my workstation with thinkorswim, webull, and Fidelity ATP. I chart/strategies with thinkorswim, use Webull... Source: about 3 years ago
I found the following script on usethinkscript.com, and it doesn't seem to be working quite right. I've tried messing around with it to no avail. Hoping someone can spot the issue. The part of the code I'm asking about is at the very end in bold. Source: over 3 years ago
Any chance you’d share your script (or link if it’s on usethinkscript.com), or if it’s a manual scan then what watchlist/settings you use? Much appreciated. Source: over 3 years ago
ThinkOrSwim. Mobile and Desktop. My custom coded indicators work on both that way (I program in thinkscript -- you can find some of my work at usethinkscript.com as @mashume). Source: over 3 years ago
On usethinkscript.com they have a volume indicator that is free that may be of help, I don't understand coding so much as I would hope, but it may give you some more insight on how to use volume for writing a script. The particular script I use plots average volume, and daily volume for the last 4 trading days, to give me insite of the trend. Source: almost 4 years ago
Hey not sure if it’s cool to mention it, but if you haven’t check out https://usethinkscript.com/. Source: about 4 years ago
Unfortunately not. I couldnt sell it for a price you want to afford, and sharing it publicly exposes my strategy to malicious traders. what I can do is share a less than reliable indicator and point you toward https://usethinkscript.com where there is a bunch of great code for custom scripts. Source: about 4 years ago
There are some position sizing calculators over at the usethinkscript.com website, if you need some help with adding one of those. Source: about 4 years ago
Sorry, I don't know off hand. The premarket one interested me so I figured it out real quick. I shut down tos for tonight but I can play with it this weekend. You can try replacing all the PM (premarket) in the script with AH (afterhours) and see what happens. Also, https://usethinkscript.com/ is a great forum where I learned a lot. Nice helpful people there. Source: over 4 years ago
Since you can not get an answer here, try asking at https://usethinkscript.com/ . You should also simplify your question. Ask for code that counts all daily candles above the days open price. Source: over 4 years ago
Do you know an article comparing trading options to other products?
Suggest a link to a post with product alternatives.
Is trading options good? This is an informative page that will help you find out. Moreover, you can review and discuss trading options here. The primary details have not been verified within the last quarter, and they might be outdated. If you think we are missing something, please use the means on this page to comment or suggest changes. All reviews and comments are highly encouranged and appreciated as they help everyone in the community to make an informed choice. Please always be kind and objective when evaluating a product and sharing your opinion.
