- File Size: 874 KB
- Print Length: 71 pages
- Publisher: Kevin M. O'Brien (January 17, 2012)
- Publication Date: January 17, 2012
- Sold by: Amazon Digital Services LLC
- Language: English
- ASIN: B006Z4HSRI
- Text-to-Speech: Enabled
- Word Wise: Enabled
- Lending: Enabled
- Amazon Best Sellers Rank: #317,835 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
Breakthrough: A Consistent Daily Options Trading Strategy For Volatile Stocks Kindle Edition
Enter your mobile number below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
Getting the download link through email is temporarily not available. Please check back later.
To get the free app, enter your mobile phone number.
Customers Who Bought This Item Also Bought
Top Customer Reviews
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.Read more ›
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?Read more ›
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.
I bought the book a few months ago and have consistently been applying the method to my trading activities. The strategy has exceeded my expectations in providing a steady income stream.
Knowing what I know now, I would have been willing to pay a lot more for this book.
Most Recent Customer Reviews
Any options trader with some experience will find a GOLDMINE in this ebook. Enough said.Published 1 month ago by Ed Johansen
Great breakdown of indicators and simple explanation of the strategy. Very easy to understand for novices and experienced option investors.Published 11 months ago by rita maria reed
Do yourself a huge favor and back test this system before you try trading it! When you do you will see that it is a losing strategy! Read morePublished 14 months ago by Dave
I think this strategy has promise but is not for a choppy market such as w e have at present. I suspect that opportunities will arrive in the next few weeks. Read morePublished 16 months ago by Raptor Vermont
Thank you Kevin, this strategy is really a breakthrough, I made 10 trades in the last 2 weeks all of them were profitable with average returns 25 - 30 %. Read morePublished 17 months ago by Abdulrahman Alsaadoon
best book i have ever read on daytrading options.you should try it.Published 19 months ago by Amazon Customer
He knows what he is talking about. I personally applied his suggestions into my daily treading last three months and it worked very well.Published 22 months ago by Msk
I don't like the fact that I can't print the book! I didn't finish it because I couldn't make notes on a printed version.Published 23 months ago by Earthdoc