Not a good reason not to have options, there are experience traders on t212 most donāt come on this forum
Donāt tell me that haha you tell the @Team212 not me because I want options too! lol
the only given timeline so far is ānot this yearā
I hope they will make it a priority
it wonāt be and they have said as much multiple times. compared to core services and features, options as a new account are the lowest of priorities.
If that is the case, why are they asking us to vote for most requested features? options is number 3 on the list
That most requested features survey was created by a community member, not by anyone from Trading 212.
Interesting, thanks for the info
just use other brokers for option plays! I use Tastyworks and I donāt even have a problem with them.
Yeah I signed up with Saxo bank on Friday, will see how it goes
Agree with you , they are simply donāt understand options .
This is why a lot people switching to others brokers
not really. you donāt go to a school to learn a course they donāt teach, complain about them not having it and then look for another school. you just go to the best school already teaching that course. same for service providers.
people joined T212 for the CFD, Invest and ISA accounts. not for a non-existent one in options. in that case, they are better off leaving if all they want are options until the day T212 actually offers them.
as for ālimited lossesā sure, in certain options. in CFDs you can only buy or sell, 2 choices, 2 directions. in options you can buy/sell calls/puts, that is 4 options in 2 directions. try and tell me you are guaranteed limited losses and unlimited profits in all 4ā¦ because that is what negative balance protection offers in CFD retail accounts.
Just throught to share some lights on CFD as personally I really like CFD on Trading212. I manage to make a great profit you can always take some profits from āfree fundsā in a way I got to the point where my CFD is literally a passive income that gives me Ā£1k each month. I did looked into other brokers but I havenāt found better and secure platform than TRADING212 sure maybe in some ways you will find that different platform works better for you but this whole thing should be down to your own thoughts and your own style of trading
No point to answer you, because you have negative thoughts about options from the beginning. And yes, you can educate your self about it, there are courses and good books about it. Have a good day
@Sagrias I have realistic thoughts about options, I have negative thoughts about people who try to pass it off as something it isnāt. I would potentially use options solely to purchase shares I already want, but would never trade them. every defence so far about the safety and risk of options boils down to the strategies used, not the instruments inherent risk.
and a tip, donāt make it so obvious that you are responding to the tone of a post rather than its content and targeting people with your posts, both are against community guidelines.
@Dao Sorry , I didnāt meant to break rules. I said that after reading your posts about options since last year. I agree with you that itās not safe trading , especially if person donāt understand what are they doing and just playing around . I also want to say that CFD is not safe place either .And donāt need to tell people that CFD is safer . About 76% of people losing money there .
Why I would choose options?
Itās from the course I studied.
- Protect existing stock positions
- Limit your downside of things donāt go your way
- Give you the ability to trade higher prices stocks
- Reduce about of capital to hold positions
- Can be used to generate monthly or weekly income and cash flow( most important )
- Monthly and longer term investing
- Allow you to profit in all market environments
Also , itās possible use options safer if educate your self in that way . Of course need to understand risks .
education is the core of everything when it boils down to it. the problem is protecting the uneducated from themselves and we will often see ideaās for options all lumped together, some want to use them, others just want an additional thing to trade and people will only present the side that is convenient for their case.
1&2 are pretty widespread mainstream uses from what I have seen. for 5 I just hold onto dividend stocks instead, if I want more cashflow more often I just need to consider what is the best source to meet my needs and still grow my value, same for 6.
not too concerned with 7 myself because if the market conditions are doing poorly for me chances are I have something more important to worry about than profits, current shot economy for example. getting a chance to make some earnings while waiting to pick up a discount stock is what does appeal to me, I understand it as I have seen many references regarding it with warren buffet during my studies.
I make more than you using CFD in one month yet I prefer/need options, my choice.
Sadly I have to admit that Trading212 have left me down. My Ā£1k income per month (long positions of 50x quantā¦ of Tesla) is becoming more and more expensiveā¦ unfortunetly I will be closing these positions and taking the profit on Wednesday as Tesla is going beyond $900 on Wednesdayā¦
Just want to ask why Trading212 wonāt drop the interest on CFD? Surely we pay more now for borrowing less.
@terdia has a point you can hardly make any money with ISA or INVEST and CFD was the most profitable option for me but now I feel like I have nothing left with Trading212 and Im not here to make penniesā¦
I did studied options as well and sure itās risky but @terdia knows thatās where the biggest gains are
I hope Trading212 will make some changes in future on CFD as I do like Trading212 support and their platform