This book sets out to explain how using Fibonacci, Elliot Wave analysis, Candlestick charting, MACD and Moving Averages, any investor can consistently profit from trading US options contracts. Optionable stock selection is simplified by the use of screeners, and the author explains how these can be created and applied to harvest the right type of Optionable stocks to profitably trade in any market condition. A must read for anyone wanting to make consistent profits from options trading without the worry over the uncertainty of price movements.
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By Sinbad Laurensen
Oct 7, 2009
"Excellent screeners" The book is quite unlike any other in that, it gives precise, and practical instructions on exactly how a reader with no background in options trading can, after reading it, become a profitable options trader. It offers many strategies and techniques for trading options; however, its greatest value lies in the many stock screeners that are offered throughout the book for selecting optionable stocks. These screeners automate the optionable stock selection process for the reader, making it simple, and easy to pick great optionable stocks. A simple yet effective system for reading optionable stock movement and predicting optionable stock price changes is covered in detail, with many examples offered. The contract selection and option contract buying process are all explained in detail. I found this book usefull in stabilising my options trading profitability. WHen you use the screeners in this book you get great optionable stock to trade options on.
"Bullish to the bank." I bought this and The Stock trading book as recommened. Read them both and got started immediately with the good man screener. Found some nice option stocks and after carefully following the analysis laid down in the book I entered a trade. Just a few contracts on ERES when it was $13.5 after a pull back. I waited and watched the option for 3 days then sold for 150%. I am going to use this book to make a fortune at this rate. The chart analysis is excellent and the stock creeners are a no brainer.
