Which broker to use for malaysia stock?

If for US stock, which broker pula? For msian

If normal without option, we use bid ask system

In option how? How to sell the put/call?

Since most of the stocks I bought since late February till early April have been very stable or shoot up and stay +10%~+40%

I got no more watchlist to average down

Whew 10-40%

How long have you been investing?

Anything u buy since march are likely to shoot up by now.

No real options market for Malaysian stocks, only warrants.

Haha thats why im asking.

Takut TS got hot hands

Just curios, there are a lot of Guru using option in US stock and say will make more money than trading solely on US stock.

Is the underlying option that they refer to stock and not other derivative, comodity, forex or future?

May I know is that true that in a stable market condition, option trader can gain more or those guru want to earn money during this time as the market generally down due to Covid-19 and some are recovering thus having profit from it?

Anyone have used option can give some comment?

This post has been edited by rocketm: Jul 14 2020, 04:43 PM

Make more but also can lose more. You use options to hedge or to leverage.

Options can have underlying a based on stocks, commodities, indices and many more.

Don’t get you 2nd question.

I don’t have much experience so not gonna comment too much.

Personal rule: Stock gurus are bs. If they are so good at it they’d be working at Goldman Sachs JP Morgan, not selling some course on social media. Don’t waste your money on them, there are plenty of free books/resources online to learn. A lot of those “gurus” just rephrase from books and charge you plenty for it, just like how you copy your friends homework back in high school.

Options are complicated. Their underlying not necessarily be stock only, although that’s the most common one. There are options with indexes, etf, futures, commodities, precious metals, bonds as underlying, just to list a few.

For the average investor/trader without a specific strategy, options always tends to be a net loss. Why? It’s all priced in. Option pricing is based on volatility, and it reflects the price of the underlying the market expects it to move. Don’t want to explain this as it’s too lengthy, u can go read more about it online. Unless you’re using put options as hedge for your portfolio or covered calls, it is a bad idea for the general investor.

Personally I trade options by selling them only to collect premium, never buy.

Yes, I agree with your advise.

I listened to one of the Youtube video. The guru told us never exercise the option and the premium can contribute to profit.

My concern is that whether the free material in Youtube is sufficient to let new beginner to excel in option trading.

The other concern is that whether the broker will go into problem (lari diri) in the long run since we have to place some fund in foreign currency on the account.

For broker, go with IBKR. No need to worry it’s legit af

If you really want to learn options, start with basics. What are options, how are they priced, what affects the price of them. Master your Greeks(!!!), understand the payoffs and risks of the type of options. All these can learn all from google, only limiting factor is your curiosity.

After you have a thorough understanding of what options are, then we can start learning about strategies and how different options can be used to create spreads etc. Those I recommend go look for tastytrade videos, help a lot for the mid level stuff.

Advance level stuff like how to create strategies incorporating volatility skew, custom probability distribution those need to go uni study. But unless you’re aiming to go into quantitative finance most likely you’ll not reach this level.

I heard IB before but TD is more popular based on what I noticed.

What is the average return for trade option based on your experience?

Since it is a long journey I anticipate it requires more time to study but I have daytime job and have night time study. Haiz.

Thanks for the advise.

TD is equally good too but for us Malaysians brokerage fee is high. Unless your trading huge amounts not worth it.

There isn’t really an average return, all depends on your strategy. If let’s say my strategy is super high risk (selling naked options/buying way OTM), your return will be super high, but most likely you’re gonna get burned one day.

I’ve been selling iron condors, strangles and wheel strategy for few years, medium risk, average return about 16%

Thanks for all the explanation, will learn while in free time.