Strategy Design For Option Traders by Ashok Yarlagadda
Need a clear picture of what it takes to employ a successful trading strategy? Here it is.
Going into an option trade without a plan is usually a recipe for disaster. Why? Unless the trader is very experienced and has learned to master his emotions around investing, then his trade decisions will be biased by subjective views. Greed and fear can cause traders to do illogical things, especially when the trader does not follow a plan. Is there a better way? Yes. Develop a clear, objective trading strategy ...