Book: A Beginner's Guide Profitable Stock Options Trading - Lessons I learned losing $100,000 to accelerate your trading success by Ged Cusackcategories: Book, Retirement Planning, Stock Options, Insuring Your Shares, Profitable Trading, Accepting Trading Losses, Options Trading
Ged Cusackabout this book: This is a very frank book.
The Author starts the book in dedication to his Ex-wife for a marriage that he lost (in addition to the $100,000 in the book title) through trading. Here we are provided with a collection of eighty consolidated learnings from over twelve years of derivative trading.
Not just a book for the so called day trader but also advice for using Stock Options as Insurance for your long term stock portfolio.
We are given a realistic focus on the time commitments and the opportunity costs of trading, with Emphasis on the importance of your own written trading rules.
The book provides a range of information from a layman's explanation of basic Call Options and Put Options, to advanced Options trading strategies plus the use of strategic action plans to reduce your reaction times.
There is an introduction to using Stock Options as insurance for your stock portfolio, discussions and explanation of candlesticks bar charts and the display of financial information.
Unlike a lot of similar books this one provides recognition that trading is a business and helps in defining your own trading business plan, providing both Money management and capital preservation tools.
Like any good trading book the importance of Psychology in profitable trading is emphasized. You are provide criteria for choosing the best Mentors and the training that suits you.
A book designed to provide something for every level of trader.
preview: read a sample from this book
what to read next: if you read and liked this book...
Other books by Ged Cusack
Video 1: A simplified explanation of a Put Stock Option
Video 2: A simplified explanation of a Call Stock Option
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