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Breakthrough: A Consistent Daily Options Trading Strategy For Volatile Stocks Kindle Edition

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Product Details

  • File Size: 832 KB
  • Print Length: 71 pages
  • Publisher: Kevin M. O'Brien (January 17, 2012)
  • Publication Date: January 17, 2012
  • Sold by: Amazon Digital Services, Inc.
  • Language: English
  • ASIN: B006Z4HSRI
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Enabled
  • Lending: Enabled
  • Enhanced Typesetting: Not Enabled
  • Amazon Best Sellers Rank: #258,014 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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More About the Author

Kevin O'Brien was born in Chicago, Illinois and grew up in the South Florida area. He attended Florida State University in Tallahassee, FL. As a child, Kevin always had an interest in the stock markets and he was fortunate to meet people who influenced him in the stock option industry at a young age. Kevin worked in many libraries across the country after graduating, and took it upon himself to really expand his knowledge of stock options even more, and thoroughly enjoys teaching others his expertise in a vast amount of subjects. An avid reader of non-fiction, Kevin has many interests. Sports and music is also on the top of his list as hobbies. Mr. O'Brien currently resides in San Diego, California. His favorite musical group is Creedence Clearwater Revival. A huge sports fan, Kevin follows the Chicago Bears, Blackhawks, Bulls, and Cubs (unfortunately).

Customer Reviews

Most Helpful Customer Reviews

31 of 31 people found the following review helpful By joeyman9 on August 2, 2012
Format: Kindle Edition Verified Purchase
OK, I've used this strategy for about two weeks using AEM. It gets me in and out using options for 10 to 70 cent movements up and down. The trades I've made have all proven profitable - eight for eight. However, the author is not kidding when he asks, "Are you willing not to look at the trade after you've closed the position?" because I've left a lot on the table, which the system can't predict (how long and how far will the stock stay overbought/oversold?) but generally the movement only lasts 5 to 10 minutes longer than when you first get your call to action (unfortunately that might mean an additional 50 cent movement that you missed). Without this system, all you got is price and volume to go on, this one says, no, no, no, the position you want to initiate is the opposite of what you are doing, or you are at the top or the bottom of this move.

Ironically, the amount of money I have not lost, due to forgoing trades which the system said "don't do." far exceeds the amount of money I have made. So it is an excellent cash preservation system too.

Many of the trades may last as few as 40 seconds, others will go on for hours. During that time, you would be a fool not to be anchored to your screen, so it really is like work and requires constant monitoring. 2 or 3 trades a day is about max for my sanity. Yesterday I was long calls in the morning and short them in the afternoon. Both positions proved profitable (though I closed out both too early). This system lets you take advantage of the $1.50 moves the underlying makes on a daily basis and lets you capture some of that movement. Easy to learn, easy to use. Best System I have ever used!!!!

Update Aug 06 2012: I am now 9 for 9 trades.
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15 of 16 people found the following review helpful By Amazon Customer on September 22, 2012
Format: Kindle Edition Verified Purchase
This book is well written, and is a welcome change from all of the overused charts,patterns, Greeks, and other shopworn trivia, which usually only confuses, and does not help, a non-professional trader to successfully day trade options. Kevin's advice works a large percentage of the time. If only he had spent a little more time advising the reader what to do when the market does not perform as expected, the book would easily rate 5 stars.

Basically, he advises the trader-reader to buy calls or puts when the market appears to be oversold, or overbought according to the five indicators he describes. In theory, such oversold or overbought conditions are supposed to constitute reversal signals, so that the options can be "bought low and sold high" for a profit. Unfortunately, however, they don't always work out that way. An oversold condition, for example, confirmed by all of Kevin's five indicators, can continue to get even more oversold after the option is purchased, thus leading to ever greater losses. If a trader waits until the reversal has started to occur, the cost of the option can get too expensive for a profitable resale. Since Kevin advises against using stop-losses, the loss on the trade can be exacerbated as the price keeps deteriorating.

Although Kevin advises against holding trades overnight in order to prevent an adverse gap, he states that sometimes he will hold overnight, but does not furnish any other advise regarding his criteria for making such decision, or for adjusting the resale price the next day. What if the option price continues to deteriorate in succeeding days, or after a gap? When should one cut his losses and run? Should the trade be "adjusted" in some fashion?
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10 of 11 people found the following review helpful By RipGriffin on June 4, 2012
Format: Kindle Edition Verified Purchase
I found that this book was very helpful in so many ways. The book itself was very easy reading. I read it in one sitting. The author explained his strategy easy to understand. I have now used this strategy personally and am 3 for 3 in my trades. I really like how he explained that the bands and the numbers have to match up to make a trade, and to not be impatient or greedy. This strategy works and is a fine strategy, because you can help and work with other option traders and achieve the same goals. I am hoping this author publishes another book in the future. I would buy the next book if and when one is published. The ten dollars I spent was well worth it, and I would do it again.
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7 of 7 people found the following review helpful By T. Martin on April 12, 2012
Format: Kindle Edition Verified Purchase
This is a good book. The author shares his complete strategy.

This strategy does require a lot of patience. It's definitely not for everyone. I personally tried it and determined it's not for me but I think if you like to sit and stare at charts all day and wait for an exact moment to buy, you can be successful with this method.
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12 of 15 people found the following review helpful By Raunak A on April 7, 2012
Format: Kindle Edition Verified Purchase
I must say that this book was disappointing to say the very least. There is nothing new that an experienced trader can pick up. In fact, some of the reviews here are spot on in criticizing the standard of the book in comparison to other books on options trading. Novice traders however will have some points to add to their trading arsenal.

In short, Nothing new, nothing spectacular and definitely not the "Best" 10$ investment.
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16 of 21 people found the following review helpful By surya on March 7, 2012
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i bought this book expecting to learn a strategy using simple to follow/understand steps with some decent explanation. i have followed this author and read his articles on seeking alpha and have certain expectations on this 'book', for a paid content.

i am very disappointed. the explanation is poor and difficult to follow. i don't consider myself a novice to understand the subject and i don't understand the so called 'strategy'. i consider this as the author's notes, yet another seeking alpha article, far from being called a well developed strategy and a book. you would not only waste your money on the book but also may loose your money by trying to apply what the author is calling a strategy.

though the author says this $10 would be your best investment you ever make, there are plenty of free books on kindle which provide much better 'strategies'.

don't waste your time and money. thanks for reading and good luck.
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