The Rookie's Guide contains all you need to know to successfully begin trading options - with reduced risk.
The Rookies's Guide to Options:
The Beginner's Handbook of Trading Equity Options
The Rookies Guide to Options is an introduction to options (including the essential information that many
authors omit) for people with little
or no experience using options. You will learn six basic strategies that
enhance your investing profits. But, more importantly, you will discover
how to maintain the value of your portfolio by learning how to adopt important risk management techniques.
This book will be useful for years to come because it includes some advanced topics, allowing
you to increase your options knowledge, and thus, your profitability, as you gain the benefits of trading with (rather than without)
really understanding why you are making and losing money. Yes, losing money. Do not expect that every trade will be a winner
and that every month will be profitable. But if you follow our advice, the odds will be in your favor
and your bankroll should show steady growth year after year.
The Beginner's Handbook of Trading Equity Options
Amazon.com offers The Rookie's Guide at the best available price.
Sometimes you must choose a supplier other than amazon itself to get the best price. The publisher (W&A Publishing) is your best price when amazon is pricing the book over $34.
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The Rookie's Guide to Options provides the investor with a thorough options education. It contains everything you need to know to begin making money with options.
Six basic strategies are taught in detail:
This book teaches you how to think as a successful, experienced trader thinks and explains why
there's seldom a 'best' option (or spread) that suits every investor. You'll learn:
If you trade index options rather than options on individual stocks, The Rookie's Guide to Options explains the crucial
characteristics of these European style options that makes them very different from the more common American style options.
We'll show you the simple step you can take to eliminate the extra
risk associated with trading index options. Questions about the book? Send mail to
The methods taught are used by both individual and professional traders, including hedge funds managers. One of these strategies is the 'iron condor,' a method that's currently
very popular among professional advisors and hedge funds. You can easily find managers eager to take your money to apply
this single srategy, allowing them to charge high fees (20% of the profits plus a 2% management fee).
You'll learn how adopt this strategy on your own and save those fees. The common denominator among these six strategies is that are all used to increase trading profits
while reducing the risk of being invested in the stock market. These methods are less risky than simply buying
and holding a portfolio of stocks
or mutual funds.
Does this all sound too good to be true? It's not. But, there's a tradeoff. In return for limiting risk you must also be willing to accept a
limit on potential profits. But, the profit potential is sufficient to satisfy most investors. The peace of mind that comes
with limited losses makes this tradeoff worthwhile. Throughout the book, we stress the importance of managing risk, and thus, limiting losses. I'm not referring to anything like
stop-loss orders. No. You'll learn to use options and
money management skills to earn good profits when all is going well and to keep losses small when they are not.
Here's what we consider to be the basic truth about trading options:
Many strategies can be used when trading options. To succeed over the long-term, risk management is
an essential skill. The Rookie's Guide explains how to manage the risk of each strategy, making it much more likely that you
will keep your profits.
We don't just show you how to use a strategy and then leave you stranded to figure out what to do next. The Rookie's Guide to Options
shows you how to think about a
position. How to make the initial trade, how to adjust (if necessary) and how to close a position.
rookies@mdwoptions.com
The diffficult part is keeping those earnings -
and that's why it's important to understand how to manage risk.
You can read more about our investment philosophy regarding options.
These methods are not for every investor. But, if you are seeking long-term capital appreciation, if you recognize the importance of protecting your holdings against a market debacle, if you are ready to add options to your arsenal of investing tools, then The Rookie's Guide to Options: The Beginner's Handbook of Trading Equity Options was written for you.
Order from the publisher
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