Trading By Numbers - Scoring Strategies for Every Market

Informationen zum Autor Rick Swope is a cofounder of Pro Market Advisors, which specializes in premier investment education and trading consultation services for retail and institutional clients such as E*Trade Financial Corporation, the Options Industry Council, and the International Securities Exchange. Previously, he was the co-owner and managing partner of one of the first online trading firms. He is the coauthor of The Market Guys' Five Points for Trading Success (Wiley). W. Shawn Howell is a cofounder of Pro Market Advisors. He spent a decade working with Charles Schwab's most affluent and sophisticated traders as well as managing teams of specialized brokers. In 2005, Shawn concluded his tenure as the divisional manager of Schwab's Active Trader Field Team to teach currency, stock, option, and technical trading strategies across North America for Investools. In 2007, he became the Managing Director of the forex enterprise for Thinkorswim Group Inc. In 2009, Shawn and longtime friend Rick Swope cofounded Pro Market Advisors. Klappentext Get the E*Trade experts' inside track on playing the marketsFor retail traders, knowing which possible strategies to employ when has always been a challenge. That is, until now. For the first time, popular E*Trade educators Rick Swope and Shawn Howell introduce their two-dimensional scoring system for determining how bullish/bearish a trade setup looks by reading charts. In Trading by Numbers, they present a scoring system that uses a trend score and a volatility score, removing the guesswork and giving you a solid guide to the markets. Based on the score, the authors provide a toolkit of option strategies that are best to execute in each specific situation. Using common indicators and patterns, the book provides analysis for choosing your right strategy while managing risk.* Authors Swope and Howell are accomplished market educators and their partners are the leaders in trading and investing, including E*Trade, CBOE, OIC, NYSE, NASDAQ OMX, CME and ISE* An easy-to-use guide that will help you make the best decisions in any situation, the book is essential for traders at all levelsTrading by Numbers outlines a proprietary market scoring system that helps traders determine the best option strategies to execute in any market climate. Zusammenfassung Get the E*Trade experts' inside track on playing the markets For retail traders, knowing which possible strategies to employ when has always been a challenge. That is, until now. Inhaltsverzeichnis Acknowledgments xi Introduction xiii CHAPTER 1 Market Scoring 1 Intuition Can Be High Tuition 2 The Role of Technical Analysis 3 CHAPTER 2 Trend Scoring 9 Trend-Scoring System 10 CHAPTER 3 Volatility Scoring 27 Volatility Overview 28 Volatility Scoring System 34 Know That You Don't Know 42 CHAPTER 4 Protecting Your Position 43 Seven Keys to Risk Management Success 44 Three Legs of Managing Risk 54 Setting Stops 63 Safety in Numbers 66 CHAPTER 5 Covered Calls 67 Getting to Know the Strategy 68 Strategy in Action 70 Strategy Management 71 Strategy Application 76 CHAPTER 6 Long Calls 81 Getting to Know the Strategy 81 Strategy in Action 85 Strategy Management 91 LEAPS 92 Strategy Application 95 CHAPTER 7 Long Puts 101 Getting to Know the Strategy 101 Strategy in Action 102 Strategy Management 104 Speculative Puts 107 Collars 110 Strategy Application 111 CHAPTER 8 Straddles and Strangles 117 Getting to Know the Strategy 118 Strategy in Action-Straddle 119 Strategy Management 122 Strategy in Action-Strangle 124 Strategy Application 125 CHAPTER 9 Debit Spreads ...

List of contents

Acknowledgments xi
 
Introduction xiii
 
CHAPTER 1 Market Scoring 1
 
Intuition Can Be High Tuition 2
 
The Role of Technical Analysis 3
 
CHAPTER 2 Trend Scoring 9
 
Trend-Scoring System 10
 
CHAPTER 3 Volatility Scoring 27
 
Volatility Overview 28
 
Volatility Scoring System 34
 
Know That You Don't Know 42
 
CHAPTER 4 Protecting Your Position 43
 
Seven Keys to Risk Management Success 44
 
Three Legs of Managing Risk 54
 
Setting Stops 63
 
Safety in Numbers 66
 
CHAPTER 5 Covered Calls 67
 
Getting to Know the Strategy 68
 
Strategy in Action 70
 
Strategy Management 71
 
Strategy Application 76
 
CHAPTER 6 Long Calls 81
 
Getting to Know the Strategy 81
 
Strategy in Action 85
 
Strategy Management 91
 
LEAPS 92
 
Strategy Application 95
 
CHAPTER 7 Long Puts 101
 
Getting to Know the Strategy 101
 
Strategy in Action 102
 
Strategy Management 104
 
Speculative Puts 107
 
Collars 110
 
Strategy Application 111
 
CHAPTER 8 Straddles and Strangles 117
 
Getting to Know the Strategy 118
 
Strategy in Action--Straddle 119
 
Strategy Management 122
 
Strategy in Action--Strangle 124
 
Strategy Application 125
 
CHAPTER 9 Debit Spreads 131
 
Getting to Know the Strategy 132
 
Strategy in Action 135
 
Strategy Management 136
 
Strategy Application 141
 
CHAPTER 10 Cash-Secured Puts 145
 
Getting to Know the Strategy 145
 
Strategy in Action 147
 
Strategy Management 149
 
Strategy Application 153
 
CHAPTER 11 Credit Spreads 159
 
Getting to Know the Strategy 160
 
Strategy in Action 160
 
Strategy Management 162
 
Strategy Application 168
 
CHAPTER 12 Horizontal Spreads 171
 
Getting to Know the Strategy 173
 
Strategy in Action 175
 
Strategy Management 176
 
Strategy Application 179
 
CHAPTER 13 Diagonal Spreads 183
 
Getting to Know the Strategy 184
 
Strategy in Action 190
 
Strategy Management 191
 
Strategy Application 193
 
CHAPTER 14 Index Options 197
 
Getting to Know the Strategy 198
 
Strategy in Action 204
 
Strategy Execution 204
 
CHAPTER 15 Butterfly Spreads 207
 
Getting to Know the Strategy 208
 
Strategy in Action 210
 
Strategy Management 212
 
Strategy Application 213
 
CHAPTER 16 Iron Condors 217
 
Getting to Know the Strategy 218
 
Strategy in Action 218
 
Strategy Management 221
 
Strategy Application 223
 
APPENDIX Strategy Profit and Loss Diagrams 227
 
About the Authors 231
 
Index 233

Product details

• Authors: W Shawn Howell, W. Shawn Howell, W. Shawn Swope Howell, Howell W. Shawn, R Swope, Ric Swope, Rick Swope, Rick Howell Swope, Rick/ Howell Swope, Swope Rick, SWOPE RICK HOWELL W SHAWN
• Publisher: Wiley, John and Sons Ltd
• Languages: English
• Product format: Hardback
• Released: 27.03.2012
• EAN: 9781118115077
• ISBN: 978-1-118-11507-7
• No. of pages: 272
• Series: Wiley Trading Series; Wiley Trading; Wiley Trading; Wiley Trading Series
• Subjects: Social sciences, law, business > Business > Business administration; trading, Börsenhandel, Finance & Investments, Finanz- u. Anlagewesen