Trading Options to Win

A fresh investment approach to an ever-changing market In this unique and engaging treatise on the art and science ofspeculation, expert S. A. Johnston combines the profitable elementsof banking, bookmaking, and gambling-three other ways of makingmoney with money-with trading, to provide readers with a fresh newapproach to trading the market. Written by a trader for a trader,Trading Options to Win gives readers a framework forusing logical analysis to uncover profitable opportunities thatthey would otherwise miss. Johnston develops a speculative methodthat traders can use to consistently find and manage profitabletrades. He then backs his talk up by detailing three months worthof trades using his successful method. For investors looking tomove beyond the realms of technical and fundamental analysis,Trading Options will be the guide of choice. S. A. Johnston is a systems analyst and designer byprofession. His company, Software Systems, specializes in inventoryoptimization and control systems for business. Under the tutelageof Fredric B. Fitch and Richmond Thomason, he became the firstgraduate of Yale to receive a BA in logic.

Auteur
S.A. JOHNSTON is a systems analyst and designer by profession. His company, Software & Systems, specializes in inventory optimization and control systems for business. Johnston attended Yale, operating a part-time sports book and appearing on quiz programs to earn tuition. In 1972, under the tutelage of Fredric B. Fitch and Richmond Thomason, he became the first graduate of Yale to receive a BA in formal logic. In 1992, after observing the collapse of the ERM, the unfortunate forerunner of the Euro, he became interested in the analysis of risk and began formulating the beginnings of a methodical and risk-controlled approach to trading in the markets.

Texte du rabat
Praise for Trading Options to Win "Johnston has put together a very thorough work on futures options, and many stock option traders would learn something from this book as well. I especially like his reliance on expected returns and probability to choose the best trade to make."
Lawrence G. McMillan, President, McMillan Analysis Corp.
bestselling author, Options as a Strategic Investment and Profit with Options

"Entirely different from any other book on options, thank goodness. I fall asleep immediately and without fail after opening a book on options, but not this time. [This book is] readable in one or two sittings with fascinating cases that really illustrate the principles. It may be a delusion, but I think I understood most of Trading Options to Win. Some chapters on specific strategies I will definitely be reading again and trying to use in my own trading."
Barbara Rockefeller, founder, Rockefeller Treasury Services
author of The Global Trader and CNBC 24/7 Trading

"Stuart Johnston's Trading Options to Win is an intelligent, literate, and informative description of the many ways to trade options that also explains why these trading strategies work. Those new to options trading absolutely need this book. Experienced options traders should not miss it."
Desmond MacRae, freelance business writer featured in the Financial Times and New York Post

In Trading Options to Win: Profitable Strategies and Tactics for Any Trader, S.A. (Stu) Johnston shares thirty years of trading experience to help you gain an advantage and improve the profitability of your trading within the options and futures markets. Unlike some books, which offer a single "sure-fire" system for turning a profit, Trading Options to Win examines a broad methodology and philosophy of trading that puts the likelihood of profits on your side of the table.

Attempting to minimize risk, establishing a discipline for entering and exiting trades, and claiming a healthy return on capital (ROC) can be difficult in the options and futures markets. But with Trading Options to Win as your guide, you will quickly learn how to do thisand much more.

Résumé
A fresh investment approach to an ever-changing market In this unique and engaging treatise on the art and science of speculation, expert S. A. Johnston combines the profitable elements of banking, bookmaking, and gambling-three other ways of making money with money-with trading, to provide readers with a fresh new approach to trading the market. Written by a trader for a trader, Trading Options to Win gives readers a framework for using logical analysis to uncover profitable opportunities that they would otherwise miss. Johnston develops a speculative method that traders can use to consistently find and manage profitable trades. He then backs his talk up by detailing three months worth of trades using his successful method. For investors looking to move beyond the realms of technical and fundamental analysis, Trading Options will be the guide of choice.

S. A. Johnston is a systems analyst and designer by profession. His company, Software Systems, specializes in inventory optimization and control systems for business. Under the tutelage of Fredric B. Fitch and Richmond Thomason, he became the first graduate of Yale to receive a BA in logic.

Contenu
Preface. Chapter 1. Making Money with Money.

Chapter 2. On the Trail of a Method: Risk, Leverage, and Markets.

Chapter 3. Profitability 101: Expectation and Options.

Chapter 4. Just the Facts, Ma'am: Avoiding Moonshine, Morons, and Myths.

Chapter 5. No Hammer, No House: The Tools of the Trader.

Chapter 6. Thomas More's Revenge: A Strategy for All Seasons.

Chapter 7. Apocalypse Never: The Uses of Defense.

Chapter 8. Don't Just Stand There, Do Something: The Straddle.

Chapter 9. Don't Just Do Something, Stand There: The Strangle.

Chapter 10. Hi-Yo, Yogi!: Riding the Bear.

Chapter 11. The King of Strategies: The Martian Ratio-Spread.

Chapter 12. Every Once in a While: The Picador.

Chapter 13. Pay Me after Lunch: The Endplay.

Chapter 14. Filling in the Cracks: Ideas, Understanding, and Winning.

Appendix A: Studies of Historical Gross Movement in Selected Markets, 1990-2002.

Appendix B. Distribution of Contract Highs and Lows in Selected Markets 1980-2002.

Index.