Key insights
- A novice investor seeks advice on options trading apps and strategies. The post highlights the continued interest of retail investors in options, but also their lack of experience. This influx of inexperienced traders can lead to increased market volatility, particularly in meme stocks or heavily shorted names, creating short-term bearish pressure due to potential miscalculations and losses.
I’m new to this stuff & I’m here to just ask questions so I can get answers instead commenting on a YouTube video & not get a reply so here it goes
I have $2k to start & I want to invest to flip it, I know it’s not like a “ Ima turn my 2k into 20k” so i know the risk of losing money to, but I want to learn
What app is best to do options on phone?
How does it work & what do I do?
Is 2k good to start with?
I know about taxes but say money I profit can i immediately like pull it out & put it into my Fidelity Roth IRA or my Hysa? I don’t plan on spending profits I plan on saving to invest in for more! Any help is appreciated