Day Trading Options: Profiting from Price Distortions in Very Brief Time Frames

Day Trading Options: Profiting from Price Distortions in Very Brief Time Frames

Minimize Your Exposure to Market Risk and Increase Profits by Trading in Very Brief Time Frames

 

In today’s turbulent markets, traditional trading strategies have failed to provide protection from the rapid and violent changes that have swung the Dow down 330 points one day, up 280 points the next, and down 250 points at the open on the next. Fundamental analysis based on company performance and financial predictions has proven meaningless. Technical traders must now compete with institutional trading programs utilizing supercomputers that analyze and execute trades in millisecond time frames. So, how can a private investor compete in this environment?

 

In Day Trading Options, expert option trader Jeff Augen shows you how to proceed to profit yet in these helter-skelter times. You’ll acquire to structure poor-term trades that work good characterized price distortions and anomalies. You’ll observe a breakthrough technique for utilizing volatility to place the beginning and end of inadequate-inhabited trends. And, you’ll gain the knowledge to use this innovative technique to act advantage of fiscal news and planned events, rather than being at their mercy.

 

  • Abandon outdated trading strategies and conventional “wisdom”
    Minimize your exposure to market risk and increase your profits by trading in very brief time frames and structuring positions that are direction neutral
  • Understand why your once-reliable technological analysis and charting techniques are failing
    Explore new statistical evidence to discern how new advances in institutional program trading affect the private investor
  • Discover unexampled models for analyzing volatility in dissimilar time frames
    Learn to evaluate option prices by comparing overnight, intraday, and traditional measures of volatility
  • Learn to identify and exploit short-lived volatility changes
    Use a newly defined charting technique to correctly time trades by identifying the beginning and end of short-term trends

List Price: $ 27.99

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Day Trading and Swing Trading the Currency Market: Technical and Fundamental Strategies to Profit from Market Moves

Day Trading and Swing Trading the Currency Market: Technical and Fundamental Strategies to Profit from Market Moves

Discover a variety of technological and central profit-doing strategies for trading the currency market with the Second Edition of Day Trading and Swing Trading the Currency Market. In this book, Kathy Lien–Director of Currency Research for one of the most democratic Forex providers in the world–describes everything from time-examined technological and central strategies you can use to vie with bank traders to a host of more essentially-oriented strategies affecting intermarket relationships, interest rate differentials, option volatility, news events, and cardinal bank intervention.

List Price: $ 70.00

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Transitioning From Part-Time to Full-Time Daytrading: Ensuring Sufficient Income

One of the toughest times of my life – that threatened my ain psychological wellbeing as well as the potential safety and security of my family – was in early 2004, when I first made the leap from part-time to full-clocking trading.

I had the required knowledge. I had the required skills. I was a great technical analyst. And I had some demonstrated success in the markets.

But I was lacking in other areas. I was grossly undercapitalized. And despite my appearance as being someone with an electropositive and confident attitude, inside I was consumed with doubt and fear. Of course, I was unable to admit to either at the time.

Well, there’s nothing I know of that’s more effective for bringing all your fears out into the light, than quitting your full-time job to pursue a full-time career in market speculation.

With no other form of income available to support my family, it was all up to me to continue to generate the market returned that I ‘knew’ I was capable of achieving. Of course, almost instantly, my result failed to meet my expectations.

Thankfully, I still had the discipline to respect my stops, ensuring I did not have to face a single catastrophic loss. Although in some respects a single catastrophic loss could be seen as a blessing – at least it gets it over with quickly. Instead I spent the next few frustrating months grinding my way into a soul-destroying drawdown.

My mindset was a mess. I doubted my analysis, hesitating at entry until I got in way too late, or missed the trade entirely. And it seemed as if the only trades I did enter without hesitation were those entered exposing of frustration from missing the previous trade, rather than from good analysis. Typically, those trades do not provide the greatest edge.

I would take profits quickly; fearful that the market would snatch them back from me.

And I still embarked to depths I never thought I’d go – asking a broker for some trades. In his defense, his analysis may have been great. I equitable wasn’t in the right mindset to be profiting from whatsoever recommendations, no matter how great the trader or analyst.

Basically, fear of not being able to provide for my family led to doubt and indecision, which rendered me incapable of applying my trading plan in a consistent and disciplined manner, leading to realization of the very fear that it sought to avoid.

Fortunately, I was able to recognize the problem before the damage to our finances and my marital status was irreversible. Although I must admit, I took both right to the edge.

So, I took some time out to rethink my plans. I returned (with tail between my legs) to full-time work. And I set about preparing for my next assault on full-time trading.

I am forever indebted to my wife for her patience and her support in helping me see the reality of the situation. (Guys, just because we are hardwired to comprehend it as nagging, it doesn’t mean it’s not the truth. 🙂 Just don’t tell her I said that, ok!)

So anyway, what’s the point of all this?

Well, I did things differently the second time around, and I suspect that my thoughts on making the successful transition could be of benefit to others. I get quite a few emails from traders who are thinking of making the equal transition – from part-time trading alongside a full-time job, to full-time trading. Typically they’re after my thoughts about how capitalized they need to be, or about what levels of returns are realistic on an entire-time basis. Of course, I’m not able to provide an useful answer. We all have different standards of living and therefore different income requirements. A decent budget will tell you what your income requirements are. And your part-time trading results will tell you whether you’re able to achieve this level of income, granted your current training of capitalization and your current percentage returns. Working out whether or not you have the ability to cover all expenses is really that simple.

However, and it’s a big however, part-time trading success does not mean you’re ready psychologically for the transition to full-time.

So, give my experiences and my desire for you to avoid some of the same pain, here’s how I fit myself up for my indorsing (and so far successful) transition to full-time trading:

I first established other forms of part-time or passive income which were sufficient to cover all living expenses.

I hope you’ll consider this idea for yourself. As always, it’s not advice as I don’t know you or your circumstances – it’s just what I did and what I believe all serious traders should consider (blah, blah, blah, standard financial disclaimers).

Don’t be too quick to rule this out. Don’t listen to that voice in the back of your head that says this isn’t possible for you, or it’ll take too long. The fact is that if you take the time to do this first, it eases the pressure significantly.

I can trade now without any requirement for profit. I could enter a drawdown that last the next two years and it just wouldn’t matter (apart from the frustration). Food will quiet be placed on our dinner table. Any trading profits I get are a bonus – we don’t need them to survive. This is a powerful place to be.

I trade with my mind at ease.

So how do you achieve this?

(1) First, be sure you really want to go full-time. Full-time trading is a tough way to make a living. Sure, it’s easier when you have alternate sources of income to support you through the ‘drawdown periods’, however for most of us life will not be like the trading course infomercials’. I really hope you can make a living trading from your laptop while sipping a Pina-Colada on the beaches of the Caribbean. More likely though, you’ll be isolated in your home trading office for eight or so hours a day, staring at a screen. And if you take my recommendation for alternate sources of income in addition to trading, your ‘free time’ will be spent trying to manage some form of business or part-time job. It’s not easy.

Many people may find that their personal and family circumstances are break suited to part-time daytrading, or perhaps a longer timeframe. Can you manage to trade the first two hours of the emini session? That may be sufficient for your style of trading. Can you trade the 1st two hours of the UK forex session? Or could you perhaps be happy with trading an end of day strategy using daily charts? These shortened trading sessions, along with some time for study or analysis in the evening, may be all you need to do a very profitable and enjoyable part-clocked trading business.

(2) Second, confirm that you really do have a proven track record that warrants going full-time. If you’re implementing alternate forms of income, then your trading results don’t need to completely cover your budget requirements, however given that this is likely your longer term goal it may be wise to ensure you’ve achieved that standard of return now. In any case, you need to have demonstrated consistent returns over a significant period of time.

(3) Now, let’s find alternate sources of income.

The ideal would be some form of passive income. It’d be great if we all had a bunch of rental properties and could live off the rental returns, but I assume most of us aren’t in that fortunate situation. Congratulations if you are. For the rest of us though, the most obvious source of part-time income is through a part-time or casual job or business, within your current field of expertise.

Are there opportunities to work for your current organization on a part-time or casual basis alfresco of market hours, or perhaps from home? If you can work part-time, but only during market hours, find another market that operates after-hours. It’s a global economy – there’s a market open somewhere.

Or once again, have you considered just trading the morning session, or afternoon session. A full-time trader doesn’t have to spend 8 hours a day in front of the screen. Are you able to find part-time employment around these shortened sessions?

If your current employer provides no options, look further afield to other employers within the same industry.

Even better, do you have sufficient experience to start a consultancy business in your current field? You don’t have to be recognized as an expert. You just need some skills that can be marketed to the industry, with sufficient demand available that this can be operated part-time around your trading and provide sufficient income to survive. Seriously, think about it – there are lots of options available.

Or look to other areas entirely…

Is your spouse able to (and willing to) make a job or career change that will potentially provide greater income?

Are you able to learn anything at all? A melodious instrument? Dance? Take up coaching or refereeing in a sport? Why not start tutoring local kids in basic math, science or any else excites you? There is no shortage of small, home based businesses that can be operated at minimal cost around your trading timeframe requirements.

I know this is not the idea that most of you have of ‘full-time’ trading, but it doesn’t need to always be this way. I plan to always have alternate forms of income, but you might like to phase it out over time so that you really are solely a full-time trader. Consider this a transition phase only.

I also know it’s tough to be work full-ti

The Complete Guide to Day Trading: A Practical Manual From a Professional Day Trading Coach

The Complete Guide to Day Trading: A Practical Manual From a Professional Day Trading Coach

Learn the Art of Day Trading With a Practical Hands-On Approach

Do you want to be a day trader?

Every day, millions of dollars change hands in the marketing, presenting the perfect opportunity for people just like you to make significant money and profits through the art of day trading.

But here’s the question: is day trading right for you? And, if it is, how do you get started?

In his new three-separate guide, professional day trading coach Markus Heitkoetter lays out a simple, proven system for trading success. From the basic essentials of trading to the actual process of making money in the markets, he’ll cover it all.

* What You Need To Get Started: The Tools, The Methods, The Mindset

* Finding the Best Market to Trade: Futures, Forex, Stocks, or Options

* A 7-Step Approach to Developing Your Own Profitable Trading Strategy

* The 10 Power Principles of Successful Trading Strategies

* Avoiding The 7 Common Mistakes of Traders

* Get Started Without Risking A Single Penny

* Ready-To-Use Trading Plan Templates, Checklists, Resource Directories, & More

Loaded with easy-to-use information, proved and reliable strategies and guidelines, and a practical hands-on approach to the industry, The Complete Guide to Day Trading is your ain personal manual to success in the markets.

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Day Trading Options: Profiting from Price Distortions in Very Brief Time Frames

Day Trading Options: Profiting from Price Distortions in Very Brief Time Frames

“As a veteran reader of some 500+ trading and placing books and having questioned hundreds of authors, I ne’er move the approach that you can infer what you read or overhear about how to do money in the market, so I attempt their theory, system, or ideas. Jeff Augen’s book lays downward open guidelines to his intraday options strategy that I can report were profit-making in the style I trade.”

–Vincent M. Rowe, President, Online Trading Academy, Texas

 

“Augen’s book breaks new ground with an indispensable and unique approach to evaluating option prices in different time frames. It also presents a new charting technique for evaluating very short-term trends lasting just a few minutes–a valuable technique for anyone who follows intraday markets. The statistical analysis and associated discussions around high-frequency trading are especially relevant in the modern fiscal global, which has come to be dominated by supercomputers and algorithmic trading. No serious tired or option trader should be without this book.”

–Sean Sztern, Alternative Strategies Group, Desjardins Securities, Montreal, Quebec

 

“Jeff Augen’s work on day trading options forcing the curtain back and reveals insights from the world of very short-term options trading. In doing so, he reveals insights beneficial even for the longer-term option trader. Specifically, Chapter 3 on trading volatility distortions introduces the idea of 3-D implied volatility risen. Far from being too advanced, this chapter addresses complex volatility issues in plain English that every option trader can understand. I wholly recommend this ticket.”

–Steve Lentz, DiscoverOptions

 

 

Minimize Your Exposure to Market Risk and Increase Profits by Trading in Very Brief Time Frames

 

In today’s turbulent markets, traditional trading strategies have neglecting to provide protection from the rapid and violent changes that have swung the Dow killed 330 points one day, up 280 points the next, and down 250 points at the open on the adjacent. Fundamental analysis based on company performance and financial predictions has proved meaningless. Technical traders must now compete with institutional trading programs utilizing supercomputers that analyze and execute trade in millisecond time frames. So, how can a private investor compete in this environment?

 

In Day Trading Options, expert option trader Jeff Augen shows you how to continue to profit even in these chaotic times. You’ll learn to structure short-term trades that exploit well characterized price distortions and anomalies. You’ll discover a breakthrough technique for utilizing volatility to identify the beginning and end of short-lived trends. And, you’ll gain the knowledge to use this innovative technique to take advantage of financial news and planned events, rather than being at their mercy.

 

  • Abandon outdated trading strategies and conventional “wisdom”
    Minimize your exposure to market risk and increase your profits by trading in very brief time bordering and structuring positions that are direction neutral
  • Understand why your once-reliable technical analysis and charting techniques are failing
    Explore new statistical evidence to discern how new advances in institutional program trading affect the private investor
  • Discover new models for analyzing volatility in different time frames
    Learn to evaluate option prices by comparing overnight, intraday, and traditional measures of volatility
  • Learn to identify and exploit short-lived volatility changes
    Use a newly defined charting technique to correctly time trades by identifying the commencing and end of short-term trends

 

List Price: $ 34.99

Price: [wpramaprice asin=”0137029039″]

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