خرید و دانلود نسخه کامل کتاب Time is Money: The Power of Non-Directional Options Trading – Original PDF

Introduction Traders love to make predictions. Even better, they enjoy collecting a nice profit when their prediction proves to be correct. This may be the most fundamental sense of satisfaction that traders enjoy. Many successful traders have been interviewed through the years and a common assertion is that making money wasn’t the source of their motivation; they often regard the money as only a “score card” of sorts. The core sense of accomplishment arose from the thrill of the hunt and the satisfaction of having one’s analysis being proven correct. For some traders, the analysis of the fundamentals of a company and/or a market is the principal activity leading to their conclusion to buy a particular stock or an options position on that stock. This may include a detailed analysis of the balance sheet and various financial figures, such as book value, debt to equity ratios, current assets to current liabilities ratios, and many more financial measures. Many fundamental analysts track the price to earning ratio and analyze the business prospects to attempt to predict the future earnings stream. The most famous of the fundamental analysts, Warren Buffett, emphasizes the comparison of the company’s book value to the current stock price. Buffett’s mentor, Benjamin Graham, outlined the best case for fundamental analysis of stocks in his famous book, The Intelligent Investor. Other traders rely on technical analysis, focusing exclusively on the stock’s price chart. John Murphy is one of the best-known technical analysts, and his book, Technical Analysis of the Financial Markets, remains a best seller. The essence of technical analysis is that all of the relevant information for the trader is contained in the stock’s price and volume behavior. Technical analysts draw trend lines, identify levels of support and resistance, analyze candlestick patterns, monitor trading volume, plot the Bollinger bands, calculate various statistical measures, and so on. Many traders employ a combination of both fundamental and technical analysis. Regardless of the techniques used for the analysis, a significant amount of work and study goes into the trader’s thought process that leads to the initiation of the trade.