Option Trading In Your Spare Time: A Guide To Financial Independence For Women Download Free (EPUB, PDF)
This book, geared specifically toward women, describes how to be a successful option trader, even if you hold down a full-time job or are a full-time stay-at-home mom.While option trading is definitely not a risk-free method of investment, for women who have a few hundred extra dollars that they want to use to break into investing, option trading can be a lucrative way to make money.This book explains what everything means and how to be an option trader in easy-to-understand, step-by-step ways that makes it great for the beginner or the more advanced investor. It is primarily focused on trading online and tells you what you need to know to better your chances of being successful.
Paperback: 240 pages
Publisher: Sphinx Publishing (July 1, 2009)
Language: English
ISBN-10: 1572487089
ISBN-13: 978-1572487086
Product Dimensions: 0.5 x 6 x 9 inches
Shipping Weight: 13.6 ounces (View shipping rates and policies)
Average Customer Review: 4.1 out of 5 stars See all reviews (60 customer reviews)
Best Sellers Rank: #297,435 in Books (See Top 100 in Books) #93 in Books > Business & Money > Investing > Commodities #117 in Books > Business & Money > Investing > Options #837 in Books > Business & Money > Investing > Introduction
Would you buy a cookbook from someone who claims to be a chef, who clearly understands the ingredients and components of a good meal, but just couldn't make a delicious dish?Here's my story. It was late 2010. I had about $10k to invest, but always thought I could do it on my own, without the need for a financial advisor. After all, if they understood markets, shouldn't they all be rich? I read books, articles, anything I could find to learn about how the markets worked and different approaches to investing. I discovered there are many "markets," but an even greater number of alleged strategies to extract money from those markets. I needed to find a niche. I came across this book and decided that the leverage afforded by buying calls and puts would provide the % return I was looking for on my small account.After reading this book, I then came across one of Wendy's websites, which had a spreadsheet-type of document alleging that Wendy made over $100,000 in 2010 trading options.At the time, I didn't question those results. It seemed trustworthy because Wendy seemed trustworthy. I then noticed she was trying out a new service where she would "auto-trade" accounts for 12 months using her "P3 squeeze" pattern, for a fee of $5,000. She would decide which trades to make and those trades would be executed in my account via auto-trade. If she couldn't turn a profit after 12 months, I would receive my $5,000 back. However, if my account grew 100% over that time period (i.e., turning my $10,000 account into at least $20,000 by year's end), she would get to keep the fee. It seemed like a sound investment. After all, Wendy literally wrote a book on options trading. I believed at the time that she could make thousands of dollars per month trading options.
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