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The purpose of this guide is to introduce people of all backgrounds to the benefits of trading options on stocks. This is the first step in becoming a "Complete Trader". If you have ever said that you wish you could own 100 or more shares of a stock that is trading around $100 or more, then this is for you. If you wished you could trade stocks of this type but only have a small amount of cash available, this is for you.This will give you a new dimension in your investment plans you may not have considered.
OK, let's get started.Personally, I started off with $12,000 to invest. Sounds like a lot for some people and to others that is a small amount of money. That was all I had. I did not want to lose all of it in some crazy idea that I had heard about from so many other people. But, I was willing to risk a small amount of it in order to learn more about stock options. So, I started out trading with only $3,000. Now I am not telling you to start out with that much money. I know people that started out with only $400. So, what ever you decide to start with is your decision. But remember: you don't need a lot to get started.
.I purchased my first option for $1,200. Five days later I sold this stock option for $4,500. Wow, a $3,300 profit in just five days.I sat back in amazement and thought to myself, I must have just gotten lucky.Beginner's luck.So, I tried it again. This time I took the $4,500 and decided that I would put back the original start-up money into my account, which left me $3,300 to work with.So, with my new $3,300, I made another trade. This time I invested only $800...The next day I made another trade, investing $1,500.So, I watched my stocks for the next day or two and.the stock option I bought for $800 was now worth $2,500 and the stock option I bought for $1,500 was now worth $3,000. By this time, I was freaking out.I gathered myself together again and decided to sell the $800 investment and made $1,700. I held onto my $1,500 investment. I know I had doubled my money but I felt that I could not lose. Big mistake, I should not have gotten greedy. The next day, when the market opened, the stock fell 2 points. My investment was now worth only $1,200. Why didn't I sell it the day before?.Well, as I found out later, it is much easier to buy than to sell. So, I decided that it would be best if I sold and took a $300 loss and learned from my mistake.you know what they say, hindsight is 20-20.
With this newfound knowledge.I proceeded with my next trade.I only invested $500..The next day, the stock really did not do anything, but I knew that this company was coming out with a new release of their product very soon and I thought it would make the price of the stock go up. This information about the new product wasn't anything that only privileged people would know about. It had been on television for weeks. Anyone that follows this industry would know about it. The only problem with the next two days was that I had to be in meetings all day long and I would not be able to follow the stock during the day.
The next day, my only chance to look at the stock was long after the market closed. To my surprise, the.stock went up over 9 points. The stock option was worth $3,800. Holy cow, I made a killing. But, it was too late to sell it and I had to be in a meeting the next morning.I started to panic but remembered the reason that I bought the stock option: the company was releasing a new product and they still had not released it yet. So, I decided to hold on to my option.Around noon the meeting was over and I rushed over to my computer to see what was going on with my stock option. To my amazement, the stock was up another 6 points.In two days the stock was up over 15 points...I decided that I would wait until near the end of the day and watch it closely and, if it started to go down, I would sell. By the end of the day, the stock was up over 9 points. I decided to sell it. The option I paid $500 for sold for $9,700. I almost fainted. I won't even go into the percentage profit I made. I continued to trade, and in the first two months I turned my original $3,000 into $40,000.
Now, I am not telling you that you can make that kind of money, but many have. Some with a lot more experience than I had. Some of you might even lose money. But, you will never know unless you try. You will have to ask yourself "Is it worth a small amount of money to give it a try?" That is what you should start out with just in case things don't go quite the way you expect them to. That way you are not out a lot of money.
The first step in learning how to trade stock options is reading and digesting the information is this guide. You'll find out:
Posted March 8, 2000
Well on my way to success after studying this guide and applying it to the market! Complete trader.com supplies the basic knowledge to trade stock options and more importantly gives thoughtful and meaningful support through their web site. I am quite pleased by the frequent updates to the site and the person-to-person interaction to answer questions and help with getting started.Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.
Posted January 23, 2000
I found this guide to be a fine introduction to the trading of stock options. As a beginner, I was looking for a simple explanation on trading options. Basic definitions are provided. They recommend paper trading until you have more wins than losses, and provide blank forms for practice. Combine paper trading with their T-indicators and you stand an excellent chance of making money. My practice portfolio of 21 stocks is up 84% since early 1999, due in part to their T-indicators.Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.
Posted January 24, 2000
As a beginning options trader, this book helped clarify alot of the mysteries and eliminate alot of fears associated with options. With the help of the book's examples and clear explanations, I have been successfully choosing options that make money for me. The web site has also greatly helped because of all the additional tools found in one internet location. The Beginner's Guide was a great find by itself, but the web site definitely has added benefit. A great book for beginning investors or those who want to learn more.Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.
Posted January 20, 2000
This book will take a simple approach in introducing the benefits of trading options on stocks. No matter what your experience level may be with the stock market, you will come away with excellent tools that will allow you to become a 'Complete Trader'. This book will take the investor through a step by step process of how to decide which options to purchase, when to get in and when to get out. With the support of their own web site in conjunction with this book, the doors are opened for a very profitable future by following the information provided. A must read for anybody wanting to learn to make profitable trades and think like the professional traders!'Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.
Posted January 15, 2000
This book provides a rudimentary introduction to trading stock options. Once completed the reader does not have essential tools with which to begin trading. One would think for $25.00 a more thorough instruction would be provided. I don't come away thinking the authors made their money trading options, but instead by selling books and internet time. Disappointing!!!Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.
Posted January 21, 2000
'As a new investor, less than one year, I have not traded options yet. However, I found this book an excellant tool for finding entry and exit points for buying and selling. I hope to begin trading options after I have read this book a few more times. With each reading I learn more. 'Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.