Author Description

The book, "Stock And Option Trading Rules To Live By" is designed to help a new stock and option trader out in the trading arena. It's a battle out of their folks, the Bulls vs the Bears. Most people in the stock market fail because they do not know the stock market rules. They trade blindly with no stock market rules and blame everyone else but themselves when they lose a lot of money trading in the stock market. Trading the stock market without trading rules is as bad as gambling in a casino. You have some fun at the casino at first, but later you end up going home disgusted, busted, and broke and in great despair! This book will help you build up your confidence in trading stock and options. This book gives you the stock market rules, that is spoon fed for you and takes out the guesswork for new stock and option trading men and women. Introduction Trading the stock market with its infinite possibilities requires a trading plan and trading rules to reduce the noise. It is extremely important to have trading rules for your entry, holding time of a stock, call, or put option and exit. Trading rules create order and direction in a chaotic trading environment. The most successful stock and option traders are those having trading rules they live by, and act on those rules without hesitation. The most successful traders know how to keep their stock and option losses small. It is not the size of your gains, but the size of your losses that really count! They know how to use their trading past as a guidepost and not as a whipping post. The most successful traders know how to take a loss. They accept loss as part of the trading arena. They regularly keep a trading journal for all their trades, whether it was a live trade or a practice trade. It is okay to have a loss, but learn the lesson from the trade, and vow to never repeat that mistake again. Your first loss is the best loss! Trading rules act like a filter and filter out the noise