Make Money Trading Options: Short-Term Strategies for Beginners

by Michael Sincere

Overview

Make money and minimize risk with this comprehensive guide to options trading

Most option trading books are packed with complex charts and indicators, offer competing strategies, and focus on making money at the expense of protecting your money. Designed for beginner traders, Make Money Trading Options takes a different approach. Writing in clear straightforward language, MarketWatch columnist Michael Sincere shares his expertise and battle-tested strategies for building wealth in the options market, while reducing risk at the same time. He walks you step by step through the processes of:

• Implementing short-term trading strategies buying calls and puts
• Finding winning stocks using proprietary test trading strategies
• Identifying the most profitable market environments
• Entering and exiting option positions at precisely the right time
• Determining ideal setups and positions
• Protecting your money in both bull and bear markets―and know when not to trade
• Detecting new and important buy and sell signals
• Learning new ways to view and trade the stock market

An expert who has appeared frequently on CNBC and other media outlets, Sincere is uniquely positioned to get you started on the path to profit―providing ideas and principles to help you avoid bad bets and create an investing plan geared toward protecting your assets.

Whether you’re completely new to options trading or a practicing trader concerned about volatility in the near term, this guide delivers the facts and insights you need to succeed in the options market.

Product Details

ISBN-13:	9781260468755
Publisher:	McGraw Hill LLC
Publication date:	02/22/2021
Pages:	256
Sales rank:	83,765
Product dimensions:	5.40(w) x 8.30(h) x 0.90(d)

About the Author

Michael Sincere has authored a number of investing and trading books, among them Understanding Options, Understanding Stocks —both now in second editions—All About Market Indicators, and Start Day Trading Now. He has written hundreds of articles on investing for major brokerage firms as well as the MarketWatch column “Michael Sincere’s Long-Term Trader.” Sincere has also made dozens of appearances on radio and television. He was a corporate trainer and an adjunct professor at several universities.

Table of Contents

Preface xi

Part 1 Managing Risk and Money

1 A Week in the Life of an Options Trader 5

2 Lessons Learned the Hard Way 25

Part 2 The Test Trading Strategy

3 The Test Trading Account 39

4 Identify True Winners 63

5 Buy Options on Winning Stocks 77

6 Stock Market Behavior Analysis 87

Part 3 Other Trading Strategies

7 Trade SPY and QQQ 119

8 Off-the-Wall Option Strategies 133

9 Questions and Answers 143

Part 4 The Basics

10 Options Minicourse 169

11 Two Useful Technical Indicators 201

12 Lessons from Livermore 209

Epilogue 219

Appendix 223

Acknowledgments 227

Index 229