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Reddit mentions of The Only Options Trading Book You'll Ever Need: Earn a steady income trading options

Sentiment score: 2
Reddit mentions: 3

We found 3 Reddit mentions of The Only Options Trading Book You'll Ever Need: Earn a steady income trading options. Here are the top ones.

The Only Options Trading Book You'll Ever Need: Earn a steady income trading options
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Found 3 comments on The Only Options Trading Book You'll Ever Need: Earn a steady income trading options:

u/begals · 3 pointsr/options

Cool, learning is good. I’m a reader, I recommend picking up a book (fairly up to date one, at least one that was written post-internet era and is still generally applicable in the way option orders work, as it’s certainly different than what a book in the 80s would have said, if there was one). Choice is up to you, search the sub for “recommend books” or something similar and you’ll see plenty of suggestions.

IF you’re a reader, I say go for a book, you’ll read when you wouldn’t be looking online. Also, a good book already sold you, you bought it, and so it pushes no agenda, and the authors is incentivized by sales to have the most informative book, especially in the current retail market where people likely put equal or greater trust in strangers’ Amazon reviews than the vestiges of how it used to be pre-amazon and yelp, ie consumer reports, industry/hobbyist magazines, and word of mouth. I don’t know who the go to for book reviews was, I’m guessing NYT always ran a book critic column, and perhaps trading mags would have reviewed some. Big, needless tangent I’m writing here, but what a change. Anyway, point being, an author should generally just be out to be helpful as good reviews will drive sales. Free books (or even worse, this “Apiary fund” which is really a ‘school’ built to sap you money. See below for a note on the subject) are.not to be trusted, the adage there’s no such thing as a free lunch is pretty much always applicable to investing. Nobody is giving away trade secrets for free.

If you are tempted by a class of some sort, ideally look for something in your town or city that does community adult education. Generally it’ll be $10-50 for this sort of thing, depending on the length. The idea being, community centers and non profits are not trying to squeeze your money, so not only is the lesson cheap, it’s centered on teaching, not selling. Many “free” classes advertised (You’ll see RE investing most commonly, though no doubt people do it for options) are really excuses to get you in a room where you feel trapped and give you the hard sell. Usually some variation of, here’s a tiny bit of info, now to get the real secrets just pay $5000 for this week course, or something similar. Avoid these like the plague, they have no wisdom to offer and just want your cash.

Similar to community adult ed, university related classes also have no hidden agenda, so if you find an options course you could audit or mmmmm or something, you could go for it. I didn’t go to business school or major in economics or anything so I don’t know if they have whole classes on options, but perhaps at least one that covers the market along with options, maybe even futures.

But time-wise, you’ll get the info quickest reading online or reading a book, and you’ll learn quickest by doing, no amount of reading will prep you or teach you as trading will. But you want at least a good background.

For books, I can only recommend from what I’ve read. I’ve read I think 4, 2 stood out:

Understanding Options Ed. 2E by Michael Sincere. It’s not a very complicated book, it’s not teaching you ICs and jade lizards, but it gets you all the basics you need to ask smart questions.

The Only Options Book You’ll Ever Need by Russell Stultz, is my favorite. It starts simple, covering everything the simpler book does, and builds on that. It’s nicely out together for progressive learning, and if you read both, the first book you could eat in a day, and by the 4th chapter or so you’ll be ready to start trading. Then keep reading, since if you go too far with zero experience it’ll not actually stick.

Or, use the help bar here and its resources, the CBOE has great online teaching resources, as does Tastytrade, and others.

Hope that helps steer you in the right direction- good luck!

u/arrobe45 · 2 pointsr/wallstreetbets

Yeah, it’s really basic concepts that get really confusing. I’ve done a lot of reading and it’s starting to become more second nature.

This book helped me: https://www.amazon.com/Only-Options-Trading-Book-Youll/dp/1945390115/ref=nodl_

u/makanan1 · 1 pointr/options


I bought this book a couple years ago and i learn a lot from it and made a lot off the things I learned in that book. I would highly recommend. Depends on your level of options knowledge but im sure you will learn something.