I have been trading options for a few years now and have gradually found that I can make a profit in any market, be it up, down or sideways. My trading results have been mixed after reading some options trading books. I was looking for consistency in income generation on a monthly basis, higher win percentage and higher probability of winning trades. So I went to research if there was another book or course that could teach me to achieve my investment goals. I sat down during some options trading seminars to talk about the course they offer. However, I found that it wasn’t just what I was looking for; They just gave an overview of all the strategies with historical examples, similar to what you have already learned and read in books. I didn’t sign up for any of the courses because the cost was too high and I’m not honing my trading skills, it’s a real waste. Serious about my investment goals and wanted to see better results, I went online shopping at Amazon.com and chanced upon this book called Getting Rich With Choices by Lee Lowell. There are so many hidden gems in this book that put a huge smile on my face. In this book you can find information about:
- Option basics include: Call, Puts, pricing, volatility, stock vs. options, put options
- Four sure winning strategies to make a lot of money. Another bonus strategy used exclusively by Lee when he was trading the pits of the New York Mercantile Exchange (NYMEX)
- Getting ready to trade includes: tools, valuable websites, choice of brokers and their commission structure
After reading this book, I found that out of all the options strategies, there are only a few that give you a high probability of winning and making money consistently. It is not as difficult as I previously thought. I would recommend this book as a must-read for beginners to experts who want to take options trading seriously and take it to the next level. This book should be on every option trader’s bookshelf. The author takes a complex idea or strategy and simply explains it in a concise, step-by-step manner. I once was a professional options trader on the NYMEX floor. After he left the floor, he started and is currently running his business from home. The value in this book lies in Lee’s perspective as a trader, who executed several highly profitable successful trades in order to survive in the ruthless trading pits of NYMEX. The two things I love most are the honesty and clarity with which he reveals to me his sure winning strategies as well as giving us insight into the ins and outs of a market maker. Lee also silenced the critics over the title of his book, proving to them that his strategies when applied correctly will make anyone rich over time. The best thing is that I made instant profits by implementing his strategies. Thank God, I found this book.