Book Review Get Rich With Options
I have been trading options for a few years now and gradually discovered that I can profit in any market, whether it is up, down or sideways. My trading results were mixed after reading a few options trading books. I was looking for consistency in generating income on a monthly basis, achieving a higher win percentage and higher probability of winning trades. So I looked to see if there is another book or course that can teach me how to meet my investment goals. I sat through an option trading seminar talking about the course they offered. However, I discovered that it was not what I was looking for; they simply offered an overview of all the strategies with historical examples, similar to what I 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 improving my business skills, it’s a real waste. I was serious about my investing goals and wanted to see better results, so I did some cyber shopping on Amazon.com and came across this book called “Get Rich With Options” by Lee Lowell. There are so many hidden gems in this book that it puts a big smile on my face. In this book, you can find information about:
- Options basics include: buying, selling, pricing, volatility, stocks vs. options, put options
- Four infallible winning strategies to make you earn a lot of money. One more bonus strategy that Lee used exclusively when he was trading in the pits of the New York Mercantile Exchange (NYMEX).
- Get Ready to Trade includes: tools, valuable websites, selection of brokers and their commission structure
After reading this book, I found out that out of all the option strategies, only a few of them give you a high probability of profit and make you money consistently. It’s not as difficult as I previously thought. I like to recommend this book as a must read for beginners and experts who want to get serious about options trading 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 explains it simply and concisely step by step. Lee was once a professional options trader on the NYMEX floor. After leaving the flat, he started and currently runs his own home-based trading business. The value of this book lies in Lee’s perspective as a trader, who has executed so many highly profitable and successful trades to survive in the tough NYMEX trading pits. Two things I like the most are the honesty and clarity with which Lee reveals his confident winning strategies, as well as giving us an insight into the ins and outs of a market maker. Lee has also silenced critics of the title of his book, showing them that his strategies, when applied correctly, will make anyone rich over time. The best thing is that I have obtained immediate profits by implementing his strategies. Thank God I found this book.