I have always loved to read. I read every day and night and have done since I was a child.My mother was an avid reader. Today she listens to books on CDs, as her desire to know and learn is still going strong. That desire is the same desire any trader needs to improve his or her knowledge base regarding the world of Wall Street.As I began to compile my list of must-read books, I was surprised, realizing how long this list was growing. But I cannot accept an incomplete list.
Leaving off just one of these works is unacceptable because I know how valuable the knowledge to be gained from each one of them still is. The following materials describe an investment in futures. The degreeof leverage available can lead to large profits as well as largelosses. Past performance is not indicative of future results. If you donot acknowledge the risks described above, the following materialsshould not be used for the purposes of making an informed decisionregarding an investment in futures or options.The 12 Golden Rules for Successful Trading1.
Adopt a definite trading plan.Because of the emotional stress that is inherent in any speculativesituation, you must have a prThis post has me in a bit of a conundrum. My alternative is to trade An illustrated, easy-to-read guide to advanced options tradingIn Getting Started in Advanced Options, Illustrated Edition, bestselling author Michael C.
Thomsett uses nontechnical, easy-to-follow language to demystify the options markets, distinguishing the imagined risks from the real ones and arming investors with the facts they need to make more informed decisions. This illustrated edition includes colourful illustrations, including charts and graphs that make complex subject matter are options subject to day trading rules 6 man to understand.
Fully updated to cover the latest changes in the markets, the book introduces advanced strategies and concepts that every successful trader needs. The vendor that sold it to me guaranteed it was the best day trading strategy on the market. Needless to say, I was pretty excited. I did that for a year.Was I a naive sucker. Maybe I was, just a little bit.
One of the drawbacks to long options trading has always been theta, or time decay. An Alternative to FuturesJust like futures, options expire. The difference, as your option contract get closer and closer to expiration the value can beg.