Those are the different levels of options, some brokers restrict the higher approval levels to more aggressive/experienced traders. It varies from broker to broker, thinkorswim lets you trade at any level.
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Nice chart. Somtimes it's very helpful to go back to basics. It helps keep perspective and order to the trades.
ReplyDeleteGreat Chart for a review of the basics. Could you please explain the "Approval" column. Thanks, Elizabeth
ReplyDeleteThose are the different levels of options, some brokers restrict the higher approval levels to more aggressive/experienced traders. It varies from broker to broker, thinkorswim lets you trade at any level.
ReplyDelete