V.8:4 (139-141): Fault-prone options traders by Jerry Kopf

V.8:4 (139-141): Fault-prone options traders by Jerry Kopf
Item# \V08\C04\FAULT.PDF
Availability: In Stock

Product Description

Fault-prone options traders by Jerry Kopf

"The propensity to gamble is always increased by a large prize vs. a small entry fee, no matter how poor the true odds." —Warren Buffett, CEO of Berkshire Hathaway

Dreams are stronger than reality. This adage is proven daily by lottery ticket buyers who buck odds of 12 million-to-1, hoping to win life's great jackpot. Traders in stock options also make bets, but the nature of their betting is far different from plunking down $5 for a Quik Pik. Where the lottery is a game of pure chance, options are a game of skill and experience. Options players can stack the odds in their favor. The rub here is some very skilled doctors, TV production executives, computer software developers and national baking contest winners — many of whom earn six figures and are notable in their fields — manage to strike out as options players. They might as well be playing a game of chance.

What stops most public players from enjoying profitable expirations? Do they simply fail to learn the basics (for example: types of orders, nuances of exercise and assignment, implementing proven strategies)? Are standard trading rules violated or are poor money management skills the culprit? Do psychological hang-ups trip them? Is it the carelessness of not actually placing stop or contingent orders? Is it the inertia inflicted by back-to-back losses? Or the stubbornness of being wed to a fault-laden strategy?

*Note: $2.95-$5.95 Articles are in PDF format only. No hard copy of the article(s) will be delivered. During checkout, click the "Download Now" button to immediately receive your article(s) purchase. STOCKS & COMMODITIES magazine is delivered via mail. After paying for your subscription at store.traders.com users can view the S&C Digital Edition in the subscriber's section on Traders.com.

Take Control of Your Trading.
Professional Traders' Starter Kit
All these items shown below only $299.99!
  • 5-year subscription to Technical Analysis of STOCKS & COMMODITIES, The Traders' magazine. (Shipping outside the US is extra. Washington state addresses require sales tax based on your locale.)
  • 5 year access to S&C Archive
  • 5 year access to S&C Digital Edition
  • 5-year subscription to Traders.com Advantage.
  • 5-year subscription to Working Money.
  • Free book selection.
  • Click Here to Order