A book recommendation

beginners should not be trading options at all. it's fools game for those retail (paper) traders.

yes you are called paper by professionals (bring on the paper)

 

@MarkBrown, you are so illogical b/c how else can someone become a professsional (or retail) options trader if not first being a beginner in options trading?....

 

As I stated, I am an advanced beginner. I have sold probably 100 CC's and cash secured puts.
A lot of people who are not professional investors succeed selling cash secured puts and CC's. Options are not simple, but they are no where near as complex as say, Electromagnetic Field Theory, or Digital Signal Processing.

 

Books will not suffice but they can make changes. Naked forex was a game-changer for me.
this link

 

I wasn't going to respond to this thread but this statement caught my attention.

Those you mentioned are easy compare to trying to make a living trading options.

 

I agree with you on that, but I don't think the concepts are as complicated. Making a living trading any financial instrument is super hard.

 

A good intermediate option book "A Traders Guide To Equity Spreads." Fabulous forward!

 

Wanted to share some more book ideas! Great info for both beginners and experts:



Great for beginners:

1. "The Intelligent Investor" by Benjamin Graham
   
   
2. "One Up On Wall Street" by Peter Lynch
   
   
3. "The Little Book of Common Sense Investing" by John C. Bogle
   
   
4. "A Random Walk Down Wall Street" by Burton G. Malkiel
   
   
5. "The Book on Rental Property Investing" by Brandon Turner
   

Great for more experienced

1. "Trading in the Zone: Master the Market with Confidence, Discipline, and a Winning Attitude" by Mark Douglas
   
   
2. "Market Wizards" by Jack D. Schwager
   
   
3. "Poor Charlie's Almanack: The Essential Wit and Wisdom of Charles T. Munger"
   
   
4. "Trading Risk: Enhanced Profitability through Risk Control" by Kenneth L. Grant -
   
   
5. "Reminiscences of a Stock Operator" by Edwin Lefèvre
   
   – Nurp
   

 

Good Money Trust,

Generational wealth is phrase invented by the Salesman Selling Industry.

The phrase is used to sell product and services to potential customers so they can keep trying to gain wealth fast through their product and services.

Trying to build generational wealth for our grandkids, and great grandkids, and great grandkids is like swimming through mud and very unnecessary to my mental and happiness in life.

 

Good morning zghorner,

That is funnyyyyy LOL, you right!!!