Download or read book Options Trading For Beginners 2020 written by Peter Swing and published by . This book was released on 2020-10-21 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Do you want to learn the art of trading options and how much money you can make?Do you want to know how to get started? If yes, then keep reading. The story of stock market is one of booms and busts. There's only one way of making money in the markets, buying low and selling high. The order in which you do them places you firmly in a particular direction and this is where your risk compounds. The best way to manage risk is to simply be neutral in the market, in other words, not be committed to either direction. How is this possible, you ask? Well, this is where options come in. Options are a derivative which you can use to simply automate your risk management and, in some cases, completely eliminating the risk altogether. I will show you some strategies that work and have worked for a long time. Some of them have complicated names, but don't be worry, their names are the only complicated part of all this. This book gives a comprehensive guide to following: Learn about options tradingTools and strategies to applying themInteresting variety of options tradingMake a technical analysis3 Actions for Intermediate tradersWhat a trader has to do every day Even if you've never learn about options trading, with this book you will gain a new appreciation of this art. You will learn how can even leave your portfolio to rest and check what the market is doing. Successful options traders, usually, rake in close to 50% per year on their capital, but you should not focusing on this number as a target, look that as what is possible and then get down to work understanding what options are. What are you waiting for? Scroll to the top of the page and select "buy now" button!!!
Download or read book Trading Options For Dummies written by Joe Duarte and published by John Wiley & Sons. This book was released on 2015-02-05 with total page 458 pages. Available in PDF, EPUB and Kindle. Book excerpt: Navigate options markets and bring in the profits Thinking about trading options, but not sure where to start? This new edition of Trading Options For Dummies starts you at the beginning, explaining the common types of options available for trading and helps you choose the right ones for your investing needs. You'll find out how to weigh option costs and benefits, combine options to reduce risk, build a strategy that allows you to gain no matter the market conditions, broaden your retirement portfolio with index, equity, and ETF options, and so much more. Options are contracts giving the purchaser the right to buy or sell a security, such as stocks, at a fixed price within a specific period of time. Because options cost less than stock, they are a versatile trading instrument, while providing a high leverage approach to trading that can limit the overall risk of a trade or provide additional income. If you're an investor with some general knowledge of trading but want a better understanding of risk factors, new techniques, and an overall improved profit outcome, Trading Options For Dummies is for you. Helps you determine and manage your risk, guard your assets using options, protect your rights, and satisfy your contract obligations Provides expert insight on combining options to limit your position risk Offers step-by-step instruction on ways to capitalize on sideways movements Covers what you need to know about options contract specifications and mechanics Trading options can be a great way to manage your risk, and this hands-on, friendly guide gives you the trusted and expert help you need to succeed.
Download or read book Options Trading written by Mark Stanford and published by Independently Published. This book was released on 2020-05-09 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: Trading can be very interesting and profitable, but it can be very frustrating without proper knowledge. Assume you have a land of gold but not being able to access all those wealth because you do not know how to operate a digging excavator, that's what crypto trading is without understanding how to analyze the crypto market by using trading tools and platforms. OPTIONS TRADING FOR BEGINNERS is a book that provides you everything about crypto trading from basics to professional level that enables traders to maximize profits. In addition to fundamental analysis, technical analysis helps traders forecast market trends and tell them when to buy and sell.For those looking to be successful at crypto trading, useful technical analysis knowledge is essential, and this is what this book " OPTIONS TRADING FOR BEGINNERS " is all about. It is fully equipped with a comprehensive explanation of trading strategies and trading tools that you will undoubtedly use in technical analysis of his market and crypto trade in no time, like a pro. We welcome you to the wonderful dimension of trading professionals and prepare yourself from now on to smile at your trade balance.
Download or read book Trading Options For Dummies written by George A. Fontanills and published by John Wiley & Sons. This book was released on 2011-02-08 with total page 387 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thinking of trading options, but not sure where to start? Trading Options For Dummies starts you from the beginning with clear, step-by-step advice on how to use top option strategies to reduce your risk while boosting your income and enlarging your retirement portfolio with index, equity, and ETF options. This plain-English guide explains the common types of options and helps you choose the right ones for your investing needs. You find out how to weigh option costs and benefits, combine options to reduce risk, and build a strategy that allows you to gain no matter what the market may bring. You’ll learn the basics of market and sector analysis and what to look for when trying out a new option strategy. You’ll also find what you need to know about options contract specifications and mechanics. Discover how to: Understand option contracts and orders Determine and manage your risk Guard your assets using options Trade options on securities exchanges Protect your rights and satisfy your contract obligations Target sectors using technical analysis Minimize potential losses and optimize rewards Map out your plan of attack Limit your downside when trading the trend Combine options to limit your position risk Benefit from exchange traded funds Key in on volatility for trading opportunities Capitalize on sideways movements Trading options is serious business. Trading Options For Dummies gives you the expert help you need to succeed.
Download or read book Options Trading Crash Course The 1 Beginner s Guide to Make Money with Trading Options in 7 Days Or Less written by Frank Richmond and published by Independently Published. This book was released on 2018-01-04 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: Do You Want to Know How to Trade Your Way to Success on the Options Market? For a beginner, the options market is incomprehensible. All that jargon, all those calculations - it's a hard game to break into and even harder to get right from the start. On the other hand, learning the ropes opens the door to an exciting new way to calculate risk, find the right investments and ultimately make your bank balance happy. This book is here to teach you how to understand the options market from scratch. By the time you finish reading, you'll know exactly how to navigate your choices - and how to make them with wisdom. Let's Get Started With Option Trading! Options trading is all about understanding what lies beneath the market and this guide will walk you through that exciting process. Give it ONE WEEK and you'll TRIPLE your chances of making a profit on the options market. Give it a month and you'll see you're not just confident enough to make investments at will, you're doing so in the right way to make a tidy deposit into your trading account. In this book, we'll cover: · The types of trade and how each one can bring you a profit. · Strategies to make the very best use of your investment capital. · How to see patterns in the market, how to spot great investments - and how to make money. · And much, MUCH more. If You Don't Read This Guide, You Risk LOSING YOUR LIFE SAVINGS on the Options Market These methods has been proven to work - a hundred times over. This book will show you that understanding the basic principles of the options market is not nearly so unfathomable as it appeared from a distance. All it takes is a few easy steps and you'll start to feel a difference within a few short days - and all for less than the cost of a pocket calculator. See the Difference in Less Than a Week... or Your Money Back! If you follow the chapters in this guide and you find they don't work (not gonna happen) or you feel like they're not for you, simply click one button within 7 days and Amazon will return 100% of your money. That's how confident I am the answer to your problem is found inside - You will learn how to successfully trade options. Just scroll up now and click the BUY NOW button to start making a profit, today!
Download or read book Options Trading for Beginners 2020 written by Anthony Forex and published by . This book was released on 2020-02-15 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: Do you know what the Option Trading is?Do you want to know how to trade in Option Trading? When you hear about investment what clicks right away for most people is stocks and bonds. The word options trading escapes unnoticed. An option is a contract allowing the bearer (but not forcing the bearer) to either put or call the stated asset at a named price within a defined period of time. A call option allows the bearer to buy stock while a put option allows the bearer to sell the stock. Investors' portfolios are usually made up with a number of asset classes. It could be stocks, currencies, bonds, ETFs or cash equivalents. Another type of asset class is options and when used in an appropriate manner they offer more advantages than stocks and ETFs combined. Options can positively affect an individual`s portfolio through added income, protection and leverage depending on the situation. Another use is that they help in speculation purposes. Options are a member of a group of securities called derivatives. From the perspective that, the price of options is dependent on the going price of other assets. Derivatives may include things like; futures, forwards, mortgage-backed securities, calls, and swaps. Being an asset option can be purchased like any other asset. An investor needs a brokerage account to invest in the stocks they hope will turn their initial investment into a lifetime fortune. The key features to look in a good broker include; Low commissions Good research Great customer report Options are best traded in the following platforms; E * TRADE Best for options overall E * TRADE offers quite expensive options trades but the magnitude held by this platform is great for options trading and the broker offers different mobile applications. InteractiveBrokers- Lowest commissions InteractiveBrokers is not the best platform for relaxed or unplanned individuals but it propels the industry in international trading and minimum commissions desired by more planned and informed traders. TD Ameritrade- Best option tools The increased expenditure incurred when trading with TD Ameritrade does not go unaccounted for. The brokerage offers amazing platforms, research, mobile apps, education, and customer inquiries. No doubt it has the top-bar grade in all-round experience. TradeStation- Well-rounded offering TradeStation is a well-established trading technology and it is very supportive of its web-based platform and active traders through its awarding desktop platform. Charles Schwab- Unique order types So how much do you need to have in your pocket to start this great investment journey? Do we have your attention now? In this book we will discuss the following topics: The Logic Behind Options Trading and How It Works The Differences Between Calls and Puts The Best Strategies for Selling Covered Calls The Basics of Technical Analysis Index Investing and Mutual Funds And Many More! Are you excited? Look no more! What are you waiting for? Download our book now and know everything about Option Trading!
Download or read book Options Trading for Beginners written by Matthew Bear and published by . This book was released on 2020-05 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: ★ MAY 2020: NEW EDITION WITH REVIEWED AND UPDATED CONTENT★ Do You Want to Trade Your Way to Success on the Options Market? Do you need a more strategic and financial way to protect your portfolio and maximize your investment in trading? In today's fast-paced markets, more investors are thinking about taking an entirely new path - trading options. Options trading sounds exciting, almost exotic. But what is options trading and how do you get involved? Options trading is fun and exciting, and it's an easy way to start making money from your investments. But one thing it's not is this - it's not super complicated. Sadly, people have not been allowed to hear the truth about options trading, and so it remains in the realm of the mysterious. This is unfortunate because options trading only involves a few simple rules. Once you know what they are, then options trading becomes simple. In this book, we are going to teach you about options trading from the ground up. This book is aimed squarely at beginners who don't really know anything about options trading. We will begin by simply teaching you about what options are, and the properties of options that you need to know about before you start trading them. From here, we will go through all the options trading strategies that you need to know in order to become a successful options trader. We'll explain the basic concept of options trading in plain English. You will learn how to make money from stocks that you own by selling covered calls. Learn how to profit from price movements in the market by buying calls and puts. Discover how to profit from large moves in share prices, no matter which direction the stock moves. Imagine being able to profit if the stock price would increase, or if the stock price ends up dropping, and if the stock price doesn't change at all. Learn how to make weekly and monthly income with various options selling strategies. We will teach you how to mitigate risk with the most popular options strategies that are used by professional options traders. Find out how to earn income selling naked puts. We'll not only explain what this mysterious name actually means, but we'll also give you the formulas brokers use that establish collateral requirements. See real examples at every step that will help you learn how to trade options successfully. Find out ways you can trade options in order to earn a regular income, by the week, or by the month. Learn the top mistakes that beginning options traders make and how to avoid them. Get into the right mindset, when we teach you the characteristics that you need to adopt. Trade like a pro when you learn about rollouts and other secret strategies. AND.. NEW BONUS Chapter: A Crash Course on Options Day Trading Styles. There is no reason why you can't begin trading options today. In this book, we will show you the step-by-step methods that you can use to begin your own successful trading business. Options are not for everyone and investing does carry risk, but why not learn the details now, so that you can get in on the action if options trading is for you? Just scroll up now and click the BUY NOW button to start making a profit by tomorrow morning!
Download or read book Option Trading For Beginners 2020 written by Peter Swing and published by . This book was released on 2019-12-26 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: Do you want to learn the art of trading options and how much money you can make?Do you want to know how to get started? If yes, then keep reading. The story of stock market is one of booms and busts. There's only one way of making money in the markets, buying low and selling high. The order in which you do them places you firmly in a particular direction and this is where your risk compounds. The best way to manage risk is to simply be neutral in the market, in other words, not be committed to either direction. How is this possible, you ask? Well, this is where options come in. Options are a derivative which you can use to simply automate your risk management and, in some cases, completely eliminating the risk altogether. I will show you some strategies that work and have worked for a long time. Some of them have complicated names, but don't be worry, their names are the only complicated part of all this. This book gives a comprehensive guide to following: Learn about options trading Tools and strategies to applying them Interesting variety of options trading Make a technical analysis 3 Actions for Intermediate traders What a trader has to do every day Even if you've never learn about options trading, with this book you will gain a new appreciation of this art. You will learn how can even leave your portfolio to rest and check what the market is doing. Successful options traders, usually, rake in close to 50% per year on their capital, but you should not focusing on this number as a target, look that as what is possible and then get down to work understanding what options are. What are you waiting for? Scroll to the top of the page and select "buy now" button!!!
Download or read book Options Trading for Beginners 2020 written by Anthony Forex and published by . This book was released on 2020-11-07 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: If You Want to Become the Master of Financial Trading, Then This Guide is Just for You!Do you want to make it big in the financial world? THIS OPTIONS TRADING BOOK WILL TEACH YOU EVERYTHING YOU NEED TO KNOW! Financial trading can seem overwhelming, and beginners often make mistakes. You can learn through pain and losses, but you can also do your homework and minimize failure. With proper guidance, there are no limits to increase your income. This book covers day trading, options, stock trading, forex and swing trading. You will learn all the technical know-how, as well as the psychology behind successful investing. This book will teach you: The Logic Behind Options Trading and How It WorksThe Differences Between Calls and PutsThe Best Strategies for Selling Covered CallsThe Basics of Technical AnalysisIndex Investing and Mutual FundsA Step by Step Instructions On How to Make Your First TradeThe Platforms and Tools You Need to Have to Become a TraderTips and tricks used by the best investors out thereHow to use different tools and platforms for max benefitsSecrets of efficient risk managementThe mindset and psychology of successful investorsAND SO MUCH MORE!Even if you don't know anything about financial trading, you can still learn how to maximize your income or establish sources of passive revenue. You have to start somewhere, and this book is the ultimate guide to all things trading!If you want to future-proof your finances, Scroll up, Click on 'Buy Now', and Get Your Copy!
Download or read book Options Trading written by Warren Ray Benjamin and published by . This book was released on 2020-11-03 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: Here's The Options Trading Course That Will Make You A Master Trader - Even If You Have Zero Experience! Unlike all those option trading books that have flooded your Amazon kindle homepage, this options trading crash course will help you learn how to make profit with options and offer you the technical analysis required to become an expert in stock trading. Starting today! Are you ready? Discover The Complete Trading Course: 3 Books In 1 Mega-Value Options Trading For Beginners Bundle! If you are reading this, then you are probably interested in getting a piece of the stock trading action, isn't that right? Well, now you don't have to waste your precious time watching all those tutorials with the so-called "trade market gurus" or spend endless hours searching the internet for a reliable source of high probability trading strategies. By the end of this game-changing option trading for beginners guide by Warren Ray Benjamin, you will be able to: Master The Art Of Options Trading With "How To Trade Options: A Beginner's Guide To Investing & Profit with Options Trading", which will help you: Learn the basics of options trading and investing Understand the purchase of trading stock options Find out the top reasons to trade options Discover advanced trading strategies Avoid common beginner mistakes when trading in the zone And That's Not All! This comprehensive option trading for beginners mega bundle includes 2 more trading books; "Day Trading Strategies" and "Swing Trading", which will allow you to gain an in-depth understanding of: Day trading basics 10 tips for successful day trading Swing trading basics Special tips for swing traders What Are You Waiting For? When it comes to day trading for beginners, swing trading with options, options investing in the US stock market, and options trading strategies that will help you build wealth, this all-in-one beginner's guide is exactly what you need!
Download or read book Positional Option Trading written by Euan Sinclair and published by John Wiley & Sons. This book was released on 2020-09-01 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: A detailed, one-stop guide for experienced options traders Positional Option Trading: An Advanced Guide is a rigorous, professional-level guide on sophisticated techniques from professional trader and quantitative analyst Euan Sinclair. The author has over two decades of high-level option trading experience. He has written this book specifically for professional options traders who have outgrown more basic trading techniques and are searching for in-depth information suitable for advanced trading. Custom-tailored to respond to the volatile option trading environment, this expert guide stresses the importance of finding a valid edge in situations where risk is usually overwhelmed by uncertainty and unknowability. Using examples of edges such as the volatility premium, term-structure premia and earnings effects, the author shows how to find valid trading ideas and details the decision process for choosing an option structure that best exploits the advantage. Advanced topics include a quantitative approach for directionally trading options, the robustness of the Black Scholes Merton model, trade sizing for option portfolios, robust risk management and more. This book: Provides advanced trading techniques for experienced professional traders Addresses the need for in-depth, quantitative information that more general, intro-level options trading books do not provide Helps readers to master their craft and improve their performance Includes advanced risk management methods in option trading No matter the market conditions, Positional Option Trading: An Advanced Guide is an important resource for any professional or advanced options trader.
Download or read book Options Trading For Beginners 2020 written by Phil Mallin and published by . This book was released on 2020-06-18 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: So You Want To Learn How To Trade Options? Here's The Ultimate Options Trading Crash Course For Beginners! Now you don't have to spend a small fortune on all those online courses taught by self-proclaimed Option Trading "Gurus" just to learn the fundamentals. What you need is an easy-to-follow, fluff-free stock options trading book for beginners that will allow you to: ✅ Learn the Ins and Outs of Stock Trading, Forex, and ETF options trading ✅ Discover Tested and Proven Options Trading Strategies for Passive Income ✅ Understand How Stock Market Trading Works & Become A Successful Stock Trader Why Choose This Comprehensive Options Trading for Beginners Guide? Phil Mallin, the author of this options trading quick start guide and seasoned-veteran trader, has created a simple yet all-inclusive stock option trading book for every aspiring trader. When it comes to option trading strategies, day trading, Forex, and risk management, he leaves no stone unturned, so you can start trading with confidence. By the end of this option investing and trading guide, you will be able to learn: ☑️ Basic Option Trading Terms ☑️ How to Compare Options Vs Stocks ☑️ Option Pricing and Trading Methods ☑️ Options Trading Risk Management ☑️ How to Choose the Best Options Trading Strategy ☑️ How To Master Trading Option Greeks And That's Not All! Unlike other option trading books that bore you with complex technical details or basic options trading books that do not offer enough details, this options book has found that sweet spot between an advanced technical analysis and an easy-to-understand beginner's guide on how to trade options. "I Know Nothing About Options Trading. Is This Book For Me?" Yes! We live in an era of employment-chaos and "traditional" 9-to-5 jobs have become more uncertain and unstable than ever. That is exactly why it is crucial to develop a second, passive income source that will allow you to get one step closer to your ultimate goal; financial freedom and peace of mind. What Are You Waiting For? Click "Buy Now" & Start Generating Passive Income!
Download or read book Trading Options for Beginners 2020 written by Oliver J. Rich and published by Independently Published. This book was released on 2019-12-04 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: Do you want to learn to trade quickly? Are you afraid of losing money with trading? Do You Want to Trade Your Way to Success on the Options Market? For a beginner, the options market is incomprehensible. All that jargon, all those calculations - it's a hard game to break into and even harder to get right from the start. Just like in every trade, options trading features a list of risks and rewards. Getting into this, therefore, requires you to understand the risks at play and whether or not they are worth the rewards you expect to gain from it. When you know the odds, based on your analysis of the market, and you believe the trade will go in your favor, you can make a move. There are numerous methods of investing your money to make a profit. However, serious investors always search for the most profitable methods out there. One of the best ways to make huge profits and become wealthy is through options trading. Trading options can be a great way to manage your risk, and this detailed reference gives you the expert help you need to succeed. You need to commit to learning new trading strategies and understanding the market better than anyone. Develop your trading plan and set your trading goals. Take action based on your trading plan, and stay focused on your weekly, monthly, and yearly goals. With this book you will learn: HОW TO ЅTАRT TRADING ОРTІОNЅ THЕ BАЅІСЅ ОF OРTІОNЅ TRАDІNG PRОFІTАBІLІTY IN THЕ MОNЕУ (ITM) OUT OF THЕ MОNЕY (OTM) THЕ BАЅІСЅ OF OРTІОN TRАDІNG PRICES OРTІОN TRАDІNG TIPS AND ЅTRАTЕGІЕЅ UЅІNG OPTIONS FОR SPECULATION To be successful at day trading you need the right tools and you need to be motivated, to work hard, and to persevere. If you`re looking for answers to be Successful in Options Trading, this is the Right Book for you. Scroll to the top of the page and select the BUY NOW button!
Download or read book Day Trading Options 2020 written by Thomas Novak and published by Independently Published. This book was released on 2020-09-09 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: Learn to make money in the Day Trading Options, even if you've never traded before. Are you ready to get your piece of it? This book will teach you everything that you need to know to start making money in the stock market today. If you are going to make a lot of money, you need to know how the stock market really works. You need to avoid the pitfalls and costly mistakes that beginners make. And you need time-tested trading and investing strategies that actually work. This book gives you everything that you will need. It's a simple road map that anyone can follow. In this book you will learn: What is day trading? What is Options Trading How to Become Successful in Day Trading Why Stocks Are The Best Day Trading Market The Benefits Of Stocks For A Day Trader Here are 9 actionable actions you can begin TODAY to improve your options trading Risks of Options Trading Trading Successfully Essential Rules in Understanding a Forex Day Trading System How to Learn Options Trading 4 Actions to Get Going With an Options Trading System 10 Options Trading Tips For Conservative Traders 4 Day Trading Tips, For Success Can You Make a Living Day Trading? 4 Quick Tips And much, much more Even if you know nothing at all about the stock market, this book will get you started investing and trading the right way. Join the thousands of smart traders and investors who have profited from this ultimate guide to the day trading options. Even if you are a complete beginner, this book will have you trading options in no time. Are you ready to get started creating real wealth in the stock market? Then scroll up and click BUY NOW to get started today.
Download or read book Trading Options Website written by Greg Harmon and published by John Wiley & Sons. This book was released on 2014-02-17 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: A thorough guide to technical analysis methods applied for success in the options market Though still not widely practiced or accepted in the options market, technical analysis is becoming increasingly common. As the practice spreads, traders are discovering how useful technical analysis is for determining clear entry and exit signals. Trading Options: Using Technical Analysis to Design Winning Trades takes the standard technical analysis approach and applies it to the options market. Author Greg Harmon combines technical analysis with a deep understanding of the options market to explain how to design technically created trades that lead to outsized gains with low costs of entry and managed risk. The book covers trend determination, security identification and selection, tools and trade design, and executing, hedging, and adjusting trades. Ideal for individual investors and options traders Identifies and applies mainstream technical analysis methods to the volatile options market Perfect for stock traders that wish to delve in to technical analysis and options Written by the founder of Dragonfly Capital Management, which provides daily technical analysis of securities markets and trade ideas, and CIO of Presidium Capital Management which provides money management for clients
Download or read book The Only Options Trading Book You ll Ever Need Second Edition written by Russell Allen Stultz and published by . This book was released on 2018-01-17 with total page 854 pages. Available in PDF, EPUB and Kindle. Book excerpt: A complete options trading tutorial-reference with brokerage selection, trading platform setup and backup, price chart analysis, popular chart studies and formations, trading rules, hands-on learning activities, trading options on futures, trading options on small accounts, an options terminology glossary, and a descriptive 78-strategy reference.
Download or read book Volatility Trading written by Euan Sinclair and published by John Wiley & Sons. This book was released on 2011-01-11 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Volatility Trading, Sinclair offers you a quantitative model for measuring volatility in order to gain an edge in your everyday option trading endeavors. With an accessible, straightforward approach. He guides traders through the basics of option pricing, volatility measurement, hedging, money management, and trade evaluation. In addition, Sinclair explains the often-overlooked psychological aspects of trading, revealing both how behavioral psychology can create market conditions traders can take advantage of-and how it can lead them astray. Psychological biases, he asserts, are probably the drivers behind most sources of edge available to a volatility trader. Your goal, Sinclair explains, must be clearly defined and easily expressed-if you cannot explain it in one sentence, you probably aren't completely clear about what it is. The same applies to your statistical edge. If you do not know exactly what your edge is, you shouldn't trade. He shows how, in addition to the numerical evaluation of a potential trade, you should be able to identify and evaluate the reason why implied volatility is priced where it is, that is, why an edge exists. This means it is also necessary to be on top of recent news stories, sector trends, and behavioral psychology. Finally, Sinclair underscores why trades need to be sized correctly, which means that each trade is evaluated according to its projected return and risk in the overall context of your goals. As the author concludes, while we also need to pay attention to seemingly mundane things like having good execution software, a comfortable office, and getting enough sleep, it is knowledge that is the ultimate source of edge. So, all else being equal, the trader with the greater knowledge will be the more successful. This book, and its companion CD-ROM, will provide that knowledge. The CD-ROM includes spreadsheets designed to help you forecast volatility and evaluate trades together with simulation engines.
