February 20, 2024

Vision Cim

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Review of Get Rich With Options Book

Review of Get Rich With Options Book

I have been trading Options for a few years now and gradually found that I can make a profit in any market, be it upward, downward or sideways. My trading results were mixed after reading some Options trading books. I was looking for consistency in generating income on a monthly basis, achieving higher percentage profit and higher probability in winning trades. So I went searching if there is another book or course out there that can teach me to fulfil my investment goals. I sat through some Options trading seminar talking about the course they offered. However, I found that it was just not what I was looking for; they just offered an overview of all the strategies with historical examples, similar to what I have already learned and read in books. I did not sign up for any of the courses as the cost was too steep and I am not sharpening my trading skills, it is a real waste. I was serious about my investment objectives and wanted to see improved results, went cybershopping at Amazon.com and chance upon this book called “Get Rich With Options” by Lee Lowell. In this book lie so many hidden gems which put a big smile on my face. In this book, you can find information about:

  • Option Basics include: Call, Puts, Pricing, Volatility, Stocks against Options, Selling Options
  • Four winning sure-fire strategies to make you lots of money. One more bonus strategy that Lee uses exclusively when he was trading in the pits of the New York Mercantile Exchange (NYMEX)
  • Prepare to trade include: Tools, Valuable internet sites, Selecting brokers and their commission structure

After reading this book, I found that out of all the Option strategies, there are only a few of them which gives you a high probability of profit and consistently makes you money. It is not as difficult as I previously thought. I like to recommend this book as a must read for novice to experts who wants to take Options trading seriously and take it to the next level. This book must sit on every option trader’s bookshelf. The author takes a complex idea or strategy and explains them simply in a concise step by step manner. Lee was once a professional Options trader on the floor of the NYMEX. After he left the floor, he started and currently runs his own home-based trading business. The value in this book lies in Lee’s perspective as a trader, one who has executed so many successful highly profitable trades in order to survive in the harsh trading pits of the NYMEX. Two things I like most is the honesty and clarity that Lee reveals his sure-fire winning strategies as well as giving us an insight of the ins and outs of a market maker. Lee has also silenced the critics on the title of his book, proving to them that his strategies when applied correctly will indeed make anybody rich over time. The best thing is I have made immediate profits implementing his strategies. Thank God, I have found this book.