Thirty years in, and Tom Preston reckons the most common beginner mistake happens before any money is at risk. Faced with strikes, expirations, symbols and endless opinions, the easiest choice is to make no choice at all, and then you never learn the only way anyone actually learns.
So he lays out what to look for in something to learn on. Tight enough markets that you can always get back out, strike increments close enough to build a position you can afford to lose, and enough expirations to practise with time as well as direction. Education, not a recommendation.
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Chapters
0:00 Why beginners freeze up
0:41 Where do you even start
1:29 Why exchange traded funds
2:05 Diversifying the surprise away
2:40 The first reason, liquidity
3:15 Do not get ...