Trading Realities.. day trading options microsoft excel for option traders Trading options at Expiration has anyone read these books?? or does anyone have any books they wanna suggest?
I've got his "Trading Options at Expiration". Tried his recommended strategies from the book, weren't really profitable. Backtests were lackluster. He cherry picks only the profitable trades in his book to show off. Perhaps I didn't spend enough time on it. Take it for what its worth.
i like to read.. so i ordered the book used, and quite a few others.. I wouldn't doubt what your saying.. most traders have some element of believing there doing better then they are.. talking about their wins more then losses.. ETC. i've just watched a theoretical straddle 2 hours before expiration go from .30 cents to 6 dollars in two hours for Aapl two weeks ago or so.... i thought to myself wow that makes up for alot of failed tries! i've read a few books that talk about how being a net option buyer is counter intuitive but a better stratigy.. but not only that its very hard to do.. because we can't take losses on a regular basis no matter how small
Yeah, tbh I didn't look into all the strategies he talked about. Just a couple of them. I probably should spend more time analysing his strats but not sure if it'll be worth it, as my first impression wasn't great. As for net buyer vs seller, I agree with you, the rule seems to be net buyers bleed a lot with occasional large wins, the reverse is true for sellers.
Trading options at Expiration by Jeff Augen is a free download. http://ebookbrowse.com/gdoc.php?id=213964506&url=7a24016de98a0723d69261756767f518
nice i just downloaded it.. the dedication goes "To Lisaââ¬âthe most independent person I knowââ¬â who taught me never to rely on anyone for anything. I only made it this far because of you." that just sounds so bad... i've got people i can rely on.. depressing statement! almost sounds like he got rejected by lisa or something haha