Option Trading in Your Spare Time

I found the book very insightful. I’ve found a site for learning and simulating option trading. Some of the sites stated in the book don’t work cause they’ve been swallowed by brokerage firms, however there is quite enough info to get you started on your journey. Enjoy!

Easy reading, no complicated jergon, step by step and easy to follow. I am still reading it with very high probability to start practicing soon. Thank U Wendy.

If you're looking at getting out of the rut and starting a side business which will grow slowly to make a seriously strong income stream, this is a great choice as a start up manual for options trading. There is a significant amount of complex information which will require several reads to absorb - so much so that I found it very hard going at times, and I trade options weekly as my side business. One glaring omission is the very simple system I started with, selling cash-secured puts and covered calls, which made me my first hundred thousand in profits over three years. As a technical trading manual, this is excellent, but as a how-to guide, I found it overly complex and lacking in the more simple information - how to allocate funds to a trade, how to set up the virtual account, what actually happens when the market moves against you, how selling puts makes you smaller premiums but you keep the premium 75 to 80% of the time and so on. Read this book at least five times, from cover to cover. When you have done that, then start researching. Options are a superb way of investing, but they are complex derivatives, and this book is a very good attempt at explaining the process of selecting and investing in them.

First let me say that i have attended many of Wendy's classes at [...] I was pointed to her book by a few memebers over there. Pound for Pound this is the best book for entry level options trading i have read. If you have no experience trading or have attempted trading options and failed then this book is for you!!!! It does not cover the more technical way of trade options such as spreads,strangles etc... It does however do a GREAT job on playing calls and puts. I have read her book and can say that i have been doing very well on my paper trades and also have made a good money on the real money plays i have made!!! I would recommend buying her book and then popping in over at [...] and registering with them. The goodies has FREE classes and Wendy is avaliable to answer any questions or concerns you have regarding her book or any other options questions you might have!!!! I dont wanna go on and on about how excellent this whole arrangment is(it should be obvious you buy the book then speak directly to the author!!! how can you miss with that combination??) Also if you are wondering about the content of the book. It covers everything you need to purchase call/put options.. The greeks,volatility,buying in the money ,outa money,near the money etc.... Also i would like to point out that I am not being paid to either endorse this book or [...] I am just simply explaining the way i started out trading options and the path i took to learn(and so far i have been sucessful)Also that being said i would also like to point out that any of the fellows turned off by the title should simply ingnore it haha. I am not a woman and this book ROCKS!!! I also know alot of other fella's that own it.

Would you buy a cookbook from someone who claims to be a chef, who clearly understands the ingredients and components of a good meal, but just couldn't make a delicious dish?Here's my story. It was late 2010. I had about $10k to invest, but always thought I could do it on my own, without the need for a financial advisor. After all, if they understood markets, shouldn't they all be rich? I read books, articles, anything I could find to learn about how the markets worked and different approaches to investing. I discovered there are many "markets," but an even greater number of alleged strategies to extract money from those markets. I needed to find a niche. I came across this book and decided that the leverage afforded by buying calls and puts would provide the % return I was looking for on my small account.After reading this book, I then came across one of Wendy's websites, which had a spreadsheet-type of document alleging that Wendy made over $100,000 in 2010 trading options.At the time, I didn't question those results. It seemed trustworthy because Wendy seemed trustworthy. I then noticed she was trying out a new service where she would "auto-trade" accounts for 12 months using her "P3 squeeze" pattern, for a fee of $5,000. She would decide which trades to make and those trades would be executed in my account via auto-trade. If she couldn't turn a profit after 12 months, I would receive my $5,000 back. However, if my account grew 100% over that time period (i.e., turning my $10,000 account into at least $20,000 by year's end), she would get to keep the fee. It seemed like a sound investment. After all, Wendy literally wrote a book on options trading. I believed at the time that she could make thousands of dollars per month trading options. As a naive investor/trader, I decided to give it a shot. But I didn't want to sit back as a passive observer during those 12 months either. I was planning on tracking her trades to try and learn the "how and why" behind her trading decisions. I thought that I too could learn to be a successful trader and take over my account after those 12 months.Much to my dismay, I never learned how to trade profitably over those 12 months from Wendy, because she rarely had a profitable trade. By year's end, Wendy's trading decisions resulted in a loss of almost 50%, nearly $5,000 on a $10,000 account. Lesson learned. Don't trust a "trader" without a proven track record of profitability from actual real-time trading, not hypothetical trading. Ask for copies of their brokerage statements. Ask questions. And always read disclaimers. If it seems too good to be true, it probably is. Common sense advice, of course, but greed is a very funny thing. It has the ability to make the most irrational decisions seem rational.Despite the loss, I consider it to be a blessing in disguise. I've become a self-taught trader over the past two years, and I have traded my own account ever since. In my opinion, this book is a waste of money. There are many others written by traders with proven track records of consistent profits through even turbulent markets.

Complete total waste of time and money. Save your money elsewhere.

The lines on charts should either be very different in terms of symbols or different colors instead of black and white. Wendy Kirkland has interesting content. I read this book many times but found it to be too general, almost as if she picked good examples from which she tried to make rules which would not work when I tried to apply them in other situations. I bought some much more sophisticated books on options. Kirkland's style is very readable but to me it was not very usable.

The book reads quite well, I do understand Options better now... but on further research, I've read some terrible evidence from people who have actually followed Wendy Kirkland by directly investing money into funds run by her.. and have lost thousands.I can't help thinking that her main talent is in marketing her wares, rather than proving her results.It seems her theories do not work out very well, even when done by the author herself.So I will not be diving into her ideas very quickly.