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 | | How I Trade Options (Wiley Trading) by Jon Najarian ISBN-10: 9780471312789 ISBN-10: 0-471-31278-9 ISBN-13: 9780471312789 ISBN-13: 978-0-471-31278-9 Hardcover 2000-01-15 Wiley Find Lowest Price |
Editorials | ||
Product Description Wiley Online Trading For A Living Beat Risk and Reap Rewards Like A Pro! The Compelling True Story of How a Top Market Maker Built a Successful Trading Business Praise for How I Trade Options "To much of the outside world, trading appears to be as incomprehensible as rocket science. What Jon Najarian has done in this engaging and very readable book is to 'demystify' the world of options for both the aspiring trader and the retail investor. How I Trade Options is a rare opportunity to look over the shoulder of this experienced options trader, teacher, and lecturer." -Lewis J. Borsellino, CEO/Founder, www.TeachTrade.Com; Author, The Day Trader: From the Pit to the PC "How I Trade Options gives retail investors who have little or no prior knowledge the insight into how options work and how to use them effectively and responsibly. For those who want to learn about options, this is a rare opportunity to learn from a master trader. Najarian shows commitment to educating investors on the use of options to enhance their portfolios." -Rance Masheck, President, Quantum Vision Inc. "Not only is Jon Najarian a Supertrader, he is a Superteacher. I owe much of my good fortune to Jon Najarian. I learned more from him than I had learned in an entire decade-plus it was fun! Jon's abilities to make his profitable trading strategies understandable are sure to make How I Trade Options a must-have tool that every option trader will want to own." -Don Fishback, Developer of the Fishback Option Pricing Model "Jon Najarian is a world-class options trader and a world class options educator. His crystal clear explanations of such strategies as vertical spreads empower the average investor to participate in attractive options approaches that, until now, have been dominated by professional traders." -Bernie Schaeffer, Chairman and Chief Executive Officer Schaeffer's Investment Research, Inc. Please visit our Web site at www.wileyfinance.com | ||
Download Description When Jon Najarian embarked on a career in the world of market making, he went from playing with the Bears to running with the bulls. In this chronicle of his evolution, the former starting middle linebacker for the Chicago Bears focuses on his key ingredient for market success--learning to control risk. From speedy victory to coping with some huge losses, to building his own business, Najarian reveals how he successfully trades the market with options traders, showing investors how to trade like a pro by honing their discipline, handling volatility successfully, and grasping puts, calls, and spreads. | ||
Reviews | ||
Thoroughly enjoyable read I am halfway through this book and I find it a thoroughly enjoyable and informative book on the topic. I sometimes look forward to getting back to it. I don't find his reference to his own football career or to his own success objectionable at all. On the contrary, it's enjoyable. He brings sometimes complex and therefore, perhaps threatening, concepts down to the basic level and explains them quite thorougly. All in all, I'm cool with the book and the author. I'm glad that I purchased it. Hope this helps. | ||
Pro's Lessons On How To Trade Options Dr. J. (Author) is a seasoned pro that wrote this book without hype and extremely rare examples of huge profits that very very few people normally make. Rather, he discusses both risk and reward. He seasons his book with a good amount of humor and insights into the life of a big-time trader that has survived decades at the top levels of the options business. If you don't read this book and do trade options - you're just foolish! I know a bit about it. I've held a Series 7 stock broker's license. And I learned a lot from this well written book! | ||
How I Trade Options Excellent book for anyone who wants to trade options or needs more info to help them get better if they are a trader. I would recommend this book to anyone who is in the stock market. | ||
Don't join his online service His site has a 10 minute video (greatly done) that talks about his new system called "Heat Seeker". It proposes to see when a LOT of activity is on a stock when someone (maybe insiders maybe floor people) buys a LOT of calls or puts. Then you buy them too and ride on their coat tails. It sounds logical. So I joined because they had an unconditional guarantee. I asked first what was their "performance" for the year. They couldn't tell me, but it's on the site. So after I joined I see the buys and sells and they lost money for 2006. But I followed some trades as the theory sounded good. Probably lost $1500 before I gave up, only one week. The kicker was TARO. This stock was pharmaceutical and was going to go up. In fact it went up 50% on the first day. If I can gotten the email alert earlier I would have got profits of 50%, but only 20% in one day. Who won't be happy? But the next day lost half of my money. Seems as though TARO hadn't given the stock exchange a financial statement for TWO YEARS! Wouldn't you think a options suggester would know that? I saw it posted the next day. I did an analyst on the trades for the past 6 months. 2 out of 9 were profitable, but the whole year was a loss. I don't know but after seeing MOST suggestions go up then down, I'd think maybe SOMEONE :-) suggest a buy, they buys first, the crowd then sends the stock soaring because everyone is buying and then the original person sells out for a profit-everyone else looses. On 9/11 that's what happened with airline stocks. There was huge buying of puts on airlines a few days before (Jon Najarian mentioned this too in his video)the attack on the trade center. I'm not saying changewave does this, but I'm through with these services that can't prove what they write about. This is my experience for others to beware. David | ||
Intermediate to Advanced Book If you already understand basic options, then this book will add the finishing touches to get to another profitable and consistent level. Ignore the bio and personal commentary and skip to methodology or "how too." There is substance to the work if you can read between the lines. The main thesis is like poker there are "tells" as to when the stock will move and to what price. The market specialist or maker is unfettered in making a 2 sided market, so must hedge in the underlying stock or options markets. This explains the basis for the tell and has been DRJ's secret. Not a bad indicator as this explains the underlying movements. | ||