Michael Sincere - Make Money Trading Options

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To my wonderful mother and father, and my amazing dog, Chili.

I want to thank you for buying my book, the second in a series that I have written about the options market. Because of the success of my first options book, my editors asked me to write another.

Actually, it was the emails I received from readers that convinced me to write another book. I realized that although readers had been taught how to trade options, they werent sure how to use what they learned to make money. Thus, this book was created.

This book is aimed at anyone who is relatively new to trading options, but it can also help experienced traders who are looking for new ideas and moneymaking strategies.

Why am I so confident I can show you how to make money trading options? Because I spent over four years evaluating, researching, and studying options strategies until I discovered what works, and what doesnt.

This book is different because its not based on what I heard or read, but on what I was able to test and verify. I began to think of the stock market as a laboratory, and I was a scientist conducting experiments. Every day, I took detailed notes of what I learned.

From my research, I created a number of moneymaking strategies, but even more important, I learned ways to minimize risk when trading. Making money is not enoughyou must know how to protect what youve earned to avoid significant losses.

I hope that you approach this book with an open mind and a willingness to accept new ideas. By the time you finish, you may think differently about trading options. Dont get me wrong: I am not saying that the methods I introduce in this book are better than traditional methods. No, they are not better, but they are different.

My goal is to show you multiple techniques for earning money using a variety of strategies, some that are new, and others that are old favorites. I will also reveal a simple and fast way to analyze the stock market that will help regardless of whether youre trading options or stocks.

My research taught me that making bets on which direction a stock or index will move in the future, something that almost everyone else does, is fraught with risk. Unless you are an excellent stock picker, or a fortune-teller, it will be difficult to correctly predict how stocks and indexes will perform.

There is a significant exception, however, and that is when there is a strong bull market. During these wonderful years, anyone who buys call options on the strongest and most popular stocks can do well. Unfortunately, bull markets dont last forever, and when they end, so do the profits of many investors.

That is why this book also contains profitable options strategies that work during bear markets. In bear markets, you can still make money, but its more difficult. And in flat markets, when the market seemingly goes nowhere, you will learn nontraditional options strategies that will help you identify profitable stocks almost
every day.

Even though you will learn new ideas, there is no reason to stop using traditional methods, especially if they have worked for you. Many of the ideas introduced in this book should enhance what you already know about the markets.

My plan is to help turn you into a better trader no matter which strategies you are using. As a bonus, I teach you how to reduce risk.

Like my previous books, I wrote this book as if I were having a conversation with you at the kitchen table. However, because I dont want you to lose a lot of money, I will also be as blunt as possible.