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P**Y
Honest, straight forward, easy to understand, simple to implement
If you want to understand options and learn how to trade options successfully, this is the best book I have ever found. It is easy to understand without complicated confusing jargon often used in the industry. Trader Travis uses examples that help make concepts clear. Then teaches strategies to help you become a successful options trader. There are no frills in this book. It is very straightforward. Which is the best part about the book; it’s simplicity. There are no unnecessary, over complicated explanations like you may find in many other books that claim to teach you options trading. If you have ever attempted to understand options before, and then read this book, you will understand the difference. The same applies to paying for options trading courses that claim they will teach you how to trade options, yet make things seem so complex, it becomes frustrating, confusing, and seemingly impossible. They then upsell you with the promise the additional courses are necessary to increase your understanding and improve your outcomes. I will add to this category the proprietary subscription based services that “teach you how to trade options.” I have paid and joined many, many programs/services like this and spent thousands upon thousands of dollars with hope that ended in being false hope. More accurately, LIES. I am not a skeptical person by nature, but these experiences have jaded me to the point where I am immediately leery and very skeptical of “trading gurus and their claims.” However, Trader Travis, his books, and the resources he provides have been a complete game changer for me. Yes, I have learned and now make money, despite losses along with wins, even in a bear market, but equally as important, I operate with a plan.I was first introduced to Trader Travis through his YouTube channel and watching his videos for years due to my skeptical nature regarding this subject. But, his explanations of options made sense. He was transparent and straightforward about wins and losses, pros and. cons, advantages and disadvantages of options trading. Upon further research I found his first book that was published in 2015. It set the foundation for understanding options and made concepts crystal clear. This book goes several steps deeper because he provides not only the foundation to understand options, thoroughly, but also strategies to implement to become a successful, profitable, options trader.I’ve mentioned the simplicity of this book and the options concepts and strategies that are taught. Don’t misunderstand simplicity to mean easy. It is not. It is also not complex. Following his strategies you learn many things. Simple is paramount. Discipline is key. Having a plan is golden. Practice is imperative. Implementing worthwhile. Follow through profitable. But, you have to put in the work. However, the tools and resources are laid out, in plain English through this book, to help anyone who wants to become a successful, profitable options trader.The last thing I will say is, if you are a skeptic like I was, I encourage you to read, then test it out for yourself. I mean actually do it. Put in the work and see it for yourself. Every chapter is worth it’s weight in gold. But if you are a skeptic like I was, particularly reread chapter 5, how to tell if a guru is full of crap, then do what it says. LOL! I laugh because, if I had found this resource when I first began learning to trade options, I would’ve saved myself a great deal of headache, heartache, and a great deal of money.
K**K
Great Intro to Options
I read this in a day. Great little book for grasping options. The only term in the book I couldn't figure out is "quasi close." Everything else was well explained. I'm excited to practice with some paper trading!
V**N
Options taught by a real trader
Travis provides an easy-to-understand tutorial on options and how they can be used to build wealth without being glued to your computer. It is not a "get rich quick" technique, rather a planned approach that is relatively safe, as he places a priority on controlling risk.
A**F
Simple proven strategies to get started with options
I purchased the paperback in December 2022, and read it within a couple days. Although it is 200+ pages, it does not feel like it, as the book is an easy and fast read that helps you dive into learning options and easily navigate through simple options trading strategies. The value of this book is much greater than the $10 spent on it, as there are real strategies included that show you how to make money and save money (risk mitigation) by using options. Also included in the book is a direct link to free video content that takes the reader a bit further into the world of learning options. Over the past two years, I have followed Travis's training content via his 2015 ebook (prior to this paperback), free online videos including his YouTube channel and personal website, MarketClub training, Put Ladder training, and Options Wealth Academy. Travis has a talent for teaching profitable options trading strategies in a way that I easily understand, and how to apply them to get real results. Thank you Travis for continuing to add value to the options trading community, this book is a must have for current options traders (the strategies taught within are pure gold), and also those looking to get started on the journey.
J**D
Great for beginners, easy to understand
Travis does an excellent job of keeping things easy to understand and simple. Really enjoyed reading this book and seeing how the author details every step of what you need to do along with how passive and simple the system and steps are. Fantastic job from start to finish!
J**E
More knowledge required!
Travis, your explanations of the basics are good and your 10 minute strategy is simple and easy to understand. But to be successful, especially for a newbie, you really need to understand which way the markets are trending. This is a skill that can take years to master. There are so many indicators and there is so much data out there. The very best traders know how to sift through all the noise and simplify the information, leading to profitable trades. For a newbie to jump in and play this game with the pros is like a weekend warrior suiting up to play his favorite sport against professional athletes. To adopt your strategy and simply look at a one year chart that has been going up, and is still going up, as the basis of entering a long call option position, for example, would be a foolish and uninformed decision if all the indicators were all pointing towards a future nad likely downturn in the market. If you can recognize the trend, up or down, you are much more likely to enter a profitable trade. This is my opinion, I have only tried paper trading and have yet to be consistently profitable. I have scoured the internet for information and came across some good information, like John Carter's TTM squeeze, because I just could not see how you could place even the simplest of option trades without having some kind of indicator telling you if a stock, or the market, is likely to go up or down. MarketClub's product looks pretty good too. Do you teach the technical analysis that every good trader needs to know?
Trustpilot
3 weeks ago
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