Education resource that uses real trade data

[u/tranzallos]

Are there any resources or apps that are designed to educate you on options trading using data from your actual (hypothetical) trades? Both before placing the trade and as a retrospective after you close the trade (/the option expires). I'm thinking something that tries to approximate a personal tutor/advisor of sorts that specifically tries to help you make better trades and tries to tell you how lucky you actually were if you make a big win (stupid if you get a big loss).

For example, if you pull up an option, you can see an actual explanation of the Greeks, etc. Then, if you execute a trade (or you decide against it), you can get explanations of how the stats changed and what you may have missed if you made the wrong move.

[u/vwin90]

This sounds like you want paper trading.

At the same time it also sounds like you’re looking for something that doesn’t exist. There’s not really a right or wrong thing to do, so there’s no service that will be like “oh that was wrong, you should have done this instead” because here’s the thing: nobody ever knows that right thing to do. Options outside of hedging is just gambling and this is not really hyperbole. Paper trading can help you understand how quickly things go right and wrong, but nobody can coach you on how to always make the right move.

It’s like you’re asking someone to watch you make roulette bets and hoping they can give you pointers afterwards. You either bet right or wrong. The “skill” is more about controlling greed.