What Options book are you currently reading?

Discussion in 'Options' started by The_Krakenite, Sep 6, 2021.

  1. taowave

    taowave

    just finished Trading Vol
     
    #11     Sep 7, 2021
    zghorner likes this.
  2. zghorner

    zghorner

    whatd you think?
     
    #12     Sep 7, 2021
  3. taowave

    taowave

    It's pretty good from a conceptual perspective.

    Worth the read,but nothing enlightening

     
    #13     Sep 7, 2021
    zghorner likes this.
  4. taowave

    taowave

    Risk Reward?? ROI???

    The guy was a pit/floor trader..

     
    #14     Sep 7, 2021
  5. taowave

    taowave

    What did you think of Sinclair's book??

     
    #15     Sep 7, 2021
  6. #16     Sep 7, 2021
  7. I really do not like to trade options so I can not give the suggestion about the books you read to learn options. Google can help you to find a good book.
     
    #17     Sep 7, 2021
  8. zghorner

    zghorner

    Honestly why even make this post?
     
    #18     Sep 7, 2021
  9. MKTrader

    MKTrader

    Theory is good to a point, but you can drown in it and never be profitable. Look at academics who are "experts" on derivatives but too scared to trade options in their accounts. Even some professionals at banks and other places have a deep understanding of derivatives but don't trade them.
     
    #19     Sep 7, 2021
    SPX Options Trader likes this.
  10. ffs1001

    ffs1001

    The best trading book you will ever read....the one that makes the greatest impact on your actual profits....is.....your own trading journal.

    Seriously. I've read literally hundreds of trading books over the last 3 decades and whilst they have been useful, they can give nothing more than the mechanics and theory behind the process. Most are fine for beginners - to understand what an iron condor is, what a butterfly trade looks like, but the transformation of that knowledge into actual, practical application is what is required to be a consistent trader.

    Once I started doing a proper journal, I noticed my trading style change, my profitability increase and my stress levels reduce. I documented every trade, and was able to identify patterns in my behaviour and actions which were causing me to make big losses, or enter trades which I shouldn't have, or exited when I should have held etc. I started to identify common mistakes I was making - both in execution and judgement. I became more aware of my FOMO, my position sizing, and risk management.

    The journal uses Excel sheets and Word docs, with text, graphics, back-test result, and recommendations for next time I'm in a similar situation.
     
    #20     Sep 8, 2021