Trading Options to Win: Profitable Strategies and Tactics for Any Trader
If you intend to trade options and win, you need a definable advantage. The nature of the advantage, whether historical, statistical, or any other, doesn’t really matter. What does matter is recognizing and seizing the advantage whenever you can.In Trading Options to Win: Profitable Strategies and Tactics for Any Trader, S.A. (Stu) Johnston shares thirty years of trading experience to help improve your trading profitability in the options and futures markets. Unlike some books, which offer a single "sure-fire" system for turning a profit, Trading Options to Win examines a broad methodology of trading that puts the likelihood of profits on your side of the table.Through thoughtful insights and detailed examples of actual and hypothetical trades, Johnston illustrates disciplined methods for selecting strategies to use and trades to enter, tactics to maintain your advantage once you’ve entered a trade, and organized methods that allow you to protect your capital when a trade doesn’t initially work in your favor.Written in a lively, conversational style, this book looks at the ultimate necessity in trading–the recognition, avoidance, and control of diverse risks–and then shows how the careful use of options makes this task much easier.Trading Options to Win also offers a thorough look at five main tactics of defense to use when trading options by themselves or options with assets, because there are far more ways to keep your capital where it belongs–in your pocket–than by simply exiting a temporarily unsuccessful trade.After learning how to protect yourself in the options and futures markets, Trading Options to Win shows you, in detail, strategies designed to give you an advantage in the market, including:Profiting from knowing where a market is not likely to goProfiting no matter which direction a market movesProfiting when a market doesn’t moveProfiting in long-lasting "dull" bear marketsProfiting when the optimists of the world run amokProfiting when the optimists, inevitably, run out of capitalAnd much moreIf you want to improve your trading, and you already know the difference between a put and a call, and know what a premium, a striking price, and an expiration date are, then Trading Options to Win is the book for you.