Good Kids Trading (GKT) is a diverse community of everyday people interested in the stock market, specifically options trading. We welcome individuals of all experience levels and all backgrounds. GKT is a space for growth and learning.

Options trading involves buying and selling contracts that give the holder the right, but not the obligation, to buy or sell an underlying asset at a specific price before a certain date. Check out our beginners blog series. Options trading can be a powerful tool for managing risk, generating income, and speculating on market movements. At GKT, we focus on high-probability, math-based strategies to help our community members make informed decisions and minimize risk.

The time commitment for success in options trading varies from person to person. Many community members have full-time jobs and manage their trades in small blocks of time throughout the week. Some traders dedicate more time to trading, but that is a personal choice.

In a margin account, it is possible to lose more than your account balance. This might sound intimidating, but understanding risk management and leverage can help you mitigate the risk of that ever happening. If you are really concerned, start by using risk-defined strategies.

To begin trading options with GKT, you first need to open a brokerage account that supports options trading. Once you have an account, join our discord community to learn about strategies, risk management, and trade ideas. We recommend starting with the educational resources on our Basic's page to build a strong foundation in options trading and gradually working your way into executing trades as you gain confidence.

Absolutely not! GKT's founder even uses a calculator for basic arithmetic. Most brokerages handle the complex calculations for you; you just need to understand what the numbers mean and where to find them. Our community includes both math enthusiasts and those who prefer calculators for simple math!

Absolutely! GKT welcomes traders of all experience levels, including beginners. We provide educational resources, strategies, and a supportive community to help newcomers build a solid foundation in options trading. Our goal is to help you grow and succeed as an options trader, regardless of your starting point.

To stay informed about GKT's latest trade ideas and strategies, make sure to participate in our community discussions, join our discord , and follow our social media channels. We regularly share updates, news, and insights to keep you informed and help you make better trading decisions.

You can trade options with small accounts, and many community members have accounts under $25,000. Our community includes traders with varying account sizes. If you have more than $2,000, you qualify for a margin account with many brokers, which allows access to more strategies and trades. While larger accounts enable more trades, all account sizes can trade options.

Our community members use various brokerages for options trading, and the best choice depends on your preferences, location, and trading goals. Some popular options among GKT members include TastyTrade, TD Ameritrade, or Interactive Brokers. It's essential to research and compare the fees, platforms, and features of different brokerages to find the best fit for your needs.

The Pattern Day Trader (PDT) rule is a regulation by the U.S. Securities and Exchange Commission (SEC) that applies to traders who execute four or more day trades within a five-day trading period in a margin account. The rule applies to traders with a minimum account balance of less than $25,000. A day trade is defined as the purchase and sale of the same security on the same trading day. To avoid being classified as a pattern day trader, limit your trading activity to three day trades within a five-day period, or trade using a cash account. Fortunately, most GKT trades are not day trades, so with careful planning, the PDT rule is less of an obstacle for our community.

While there is no set amount required to start trading options, we recommend a minimum of $2,000 to access a margin account with most brokers. This allows you to employ more strategies and make more trades. Keep in mind that it's crucial to trade with only the amount of money you can afford to lose, and always prioritize proper risk management.

Both options and stocks carry their own unique set of risks and potential rewards, and which one is riskier ultimately depends on an individual's understanding and experience with the two financial instruments. One of the benefits of options is that they allow for greater flexibility and control compared to stocks. Options allow for leverage which if used irresponsibly could cause risks greater than if a stock went to zero.

There is no single best strategy for every situation. The GKT way emphasizes building a trade plan that you understand, using probabilities, math-based strategies, and technical indicators that match market conditions. Be prepared to make adjustments as the market changes, and always understand the strategy before risking your hard-earned money on it.

Risk management is a critical aspect of options trading. GKT emphasizes understanding and controlling risk through strategies such as position sizing, diversification, and using defined-risk trades. By trading small and often, you can reduce the impact of individual losses and increase your chances of long-term success.

While many traders seek huge returns using a small amount of capital, GKT focuses on consistent, mechanical, and risk-appropriate trades for building steady profits. We believe in trading small and trading often, as opposed to "yolo" trading strategies that often result in big returns followed by significant losses.

No! Many GKT traders execute trades from their cell phones. Our strategies don't require watching 5-minute candles or making split-second decisions. You don't need a complex setup of monitors and computers to trade with GKT, but those curved monitors are pretty nice!