GREAT OPTION TRADING STRATEGIES: Understanding Options AND Yourself
There's no shortage of online resources related to option trading strategies. But there are typically two elements missing from your standard options tutorials:
- The use of metaphor or analogy to understand options at a deeper, more personal level
- Categorizing trading strategies as they relate to your own personality (rather than sorting them according to your current market sentiment)
What good are encyclopedic definitions if there's no discussion of context? How valuable are charts and diagrams if you don't see how various trading strategies either match or conflict with your own personality?
The importance of understanding your own investing personality CANNOT be understated. Knowing yourself is at least as important as knowing the companies you invest in or trade. I didn't begin to earn solid and consistent returns myself until I aligned my investing decisions with who I really am at the hardwire level. And I didn't grasp the full versatility and significance of options until I began studying them with a little more creativity and humor.
My own preferences are for the trading strategies I characterize as Leveraged Investments, strategies that simulate and enhance successful value investing.
Be sure to check out the Option Trading Strategies Overview page, which includes descriptions and a rationale for how the strategies are grouped.
There's also an Options Reference Page listing all individual trading strategies detailed on this site.
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