Uncle Bob’s Money: Generating Income with Conservative Options Trades
WE BELIEVE:
Proven money-making secrets should not belong to the privileged few.
Every investor should know how to generate income using conservative options trades so the risk of loss is low.
It’s important to shatter the mystery and secrecy to end the status quo, where options pit traders and large investment firms with math geniuses onboard are able to earn consistently using options trades while the rest struggle to find the same strategies they use. 
The Definitive Options Book for Making Income,
When I decided to trade options I read every book available on the subject and viewed a number of videos. When I finally found Uncle Bobs Money book I thought I do not need another book on this subject. I quickly realized that it was by far the easiest book to understand the different strategies available with the potential risks & rewards of each trade. But the major factor here is that the trading rules are super detailed: you cannot go wrong here.
When I sent a query to Uncle Bobs Money website I was astonished to get an answer in hours, very impressive.
If you want a thorough grounding in options in an easy to understand format I thoroughly recommend this book.
Was this review helpful to you?
|Must have ‘bible’ for generating income using Options trading,
This book is not an exciting novel that will keep you on the edge of your seat, but it is a must have resource if you want to use conservative Options trades to make money.
This book will literally save you thousands and thousands of dollars instead of taking very expensive Options courses like Sheridan Mentoring or Optionetics.
The strategies used in this book are all ‘non-directional’, meaning that you don’t try to guess which way the market will go, and you will make money if the market goes up, goes down or stays the same.
For those that aren’t familiar with Options trading, the first chapters go through all the basics, so you can understand Options and the ‘lingo’. Options are not familiar to most investors, and you can very quickly get up to speed here and feel confident moving forward to talk about and trade Options successfully.
The main part of the book goes into very exact detail how to make these conservative Options trades using 4 different Options strategies: The Calendar, The Condor, The Butterfly and The Double Diagonal.
What is critically different about this book, is that they give you the exact rules to follow:
– What Market conditions to monitor before entering into each strategy, and the specific rules they follow.
– What Market conditions are good for each strategy, and which Market conditions are bad. They show you how you can trade profitably in almost any Market condition: you just use the strategy that works best for what ever the Market is doing right now.
– When you should enter into each specific strategy; different strategies have different entry dates depending on when those Options will expire.
– How to monitor your positions after you made the trade; what specific indicators are most important for each strategy, and the rules for when you should exit a position early.
– They also tell you how to set conditional orders. I have a life outside of my investments, and I can’t sit and watch my positions all day long – and I wouldn’t want to. This book shows you HOW to set conditional orders and WHAT conditional orders you should have for each strategy. With conditional orders in place, I don’t have worry or watch my Options positions at all. If the Market suddenly crashes or makes huge price movements, my Options positions will be removed automatically by my broker using these conditional orders and I will walk away with a minimal loss, unlike people I know who lost their shirts with these big market movements.
The author also has a website unclebobsmoney, where you can pay a monthly subscription to use their tools that make this type of Options trading really easy: both finding and monitoring your Options trades. They also have 2 sample portfolios, that you can just mimic in your own investment account so you don’t have to waste any time learning or actively seeking out trades.
They say that you don’t need to use their paid service at all; you can just take all the information in the book and start trading profitably. I found that to be totally true, and I started by doing everything myself. (But in the end I found it was a million times easier to pay for their subscription to use the tools – and I make more money that way because I am able to get much better trades using their tools.)
To sum up, I think this is a critical reference book that any investor should have. Options may not be ideal for every investor, but for most investors there are times that you can use these types of conservative income generating options strategies to make really good investment returns at very low risk, and this book walks you step by step through that process and gives you the specific rules you need to enter, monitor and exit these types of trades profitably.
Was this review helpful to you?
|Clear guidance for making on options trading,
I’m a novice at options trading and I was looking for a book that could take me to the next level and beyond. Uncle Bob has provided a great service for someone who needs plain English and not a graduate degree in mathematics to understand how to make money trading options. You can’t speed read this book but it covers everything you need to know to be successful trading options using low risk methods. The recommendations seem intuitive once you read and understand them. Once you practice the methods and discipline described by Uncle Bob, I think you can be very successful trading options. Also Uncle Bob is responsive to emails, he really wants to help you succeed in trading options.
Was this review helpful to you?
|