Breakthrough: A Consistent Daily Options Trading Strategy For Volatile Stocks
Up until now, there has never been a stock options daily trading strategy as consistent and profitable as this. Using a five technical indicator strategy on volatile stocks, this strategy will change the way you trade options. As a contributing author on Seeking Alpha, a financial website, I introduced this strategy to the public in 2011. The positive response has been enormous. In this book, I go over every possible scenario of a trade, what to look for, and what to avoid. I have even included
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For Novice Traders Only,
I must say that this book was disappointing to say the very least. There is nothing new that an experienced trader can pick up. In fact, some of the reviews here are spot on in criticizing the standard of the book in comparison to other books on options trading. Novice traders however will have some points to add to their trading arsenal.
In short, Nothing new, nothing spectacular and definitely not the “Best” 10$ investment.
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|Without this strategy, you don’t know where you are in your positions on a minute by minute basis,
OK, I’ve used this strategy for about two weeks using AEM. It gets me in and out using options for 10 to 70 cent movements up and down. The trades I’ve made have all proven profitable – eight for eight. However, the author is not kidding when he asks, “Are you willing not to look at the trade after you’ve closed the position?” because I’ve left a lot on the table, which the system can’t predict (how long and how far will the stock stay overbought/oversold?) but generally the movement only lasts 5 to 10 minutes longer than when you first get your call to action (unfortunately that might mean an additional 50 cent movement that you missed). Without this system, all you got is price and volume to go on, this one says, no, no, no, the position you want to initiate is the opposite of what you are doing, or you are at the top or the bottom of this move.
Ironically, the amount of money I have not lost, due to forgoing trades which the system said “don’t do.” far exceeds the amount of money I have made. So it is an excellent cash preservation system too.
Many of the trades may last as few as 40 seconds, others will go on for hours. During that time, you would be a fool not to be anchored to your screen, so it really is like work and requires constant monitoring. 2 or 3 trades a day is about max for my sanity. Yesterday I was long calls in the morning and short them in the afternoon. Both positions proved profitable (though I closed out both too early). This system lets you take advantage of the 1.50 moves the underlying makes on a daily basis and lets you capture some of that movement. Easy to learn, easy to use. Best System I have ever used!!!!
Update Aug 06 2012: I am now 9 for 9 trades. At least with AEM, this system has been proven consistently profitable. After trading options for over three years and reading a lot of books and learning a many strategies I can say that this one is by far the best I’ve used. It is simple and straight forward. Note: My favorite trade is selling covered calls and then buying them back, although I will go long on calls when the charts say do it. Also, as the author says, it’s best to know HOW a stock trades throughout the day before you start using this system – use paper trades for a few days and see if the stock you are using works with this method. The author tells you what stocks he uses and you can always check his site to see if there are any changes in his picks. Can’t say enough for this method, it just works!
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|A very informative book. The untold story of a brilliant strategy!,
I found that this book was very helpful in so many ways. The book itself was very easy reading. I read it in one sitting. The author explained his strategy easy to understand. I have now used this strategy personally and am 3 for 3 in my trades. I really like how he explained that the bands and the numbers have to match up to make a trade, and to not be impatient or greedy. This strategy works and is a fine strategy, because you can help and work with other option traders and achieve the same goals. I am hoping this author publishes another book in the future. I would buy the next book if and when one is published. The ten dollars I spent was well worth it, and I would do it again.
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