Advice to those considering trading

Interest rates continue to be extremely low, making the standard retirement scenario a problem:

Even if you have $1 million, the risk free rate of return is about 2%. So you'd get ... $20,000 per year.

So if you have less: $200000 or $300000, what then? Keep working until you die?

Not necessarily; there are ways that can produce a much higher return ... at the expense of taking more risk. So the first question to answer for yourself is: Am I willing to take more risk?

The one-question risk tolerance test: Are you willing to eat at Chipotle?

After Chipotle's "little problem" some people refused to go back there. What about you?

If you pass that test, you have to choose someplace to start. I posted elsewhere a list of resources for beginning traders, so you can start with that.

If you're just going to do one thing to start, watch Confirm and Send on Tastytrade for 90 days. That should give you an overview of their research. Then Google around for anything you don't understand.

One caveat about Sosnoff and Tastytrade: despite their "trade small, trade often" mantra there are other ways to make a profit. Sosnoff is sometimes wrong, but never in doubt!