Swope / Howell Trading by Numbers

Scoring Strategies for Every Market
1. Auflage 2012
ISBN: 978-1-118-23753-3
Verlag: John Wiley & Sons
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 272 Seiten, E-Book

Reihe: Wiley Trading Series

Get the E*Trade experts' inside track on playing the markets
For retail traders, knowing which possible strategies to employwhen has always been a challenge. That is, until now. For the firsttime, popular E*Trade educators Rick Swope and Shawn Howellintroduce their two-dimensional scoring system for determining howbullish/bearish a trade setup looks by reading charts. InTrading by Numbers, they present a scoring system that usesa trend score and a volatility score, removing the guesswork andgiving you a solid guide to the markets. Based on the score, theauthors provide a toolkit of option strategies that are best toexecute in each specific situation. Using common indicators andpatterns, the book provides analysis for choosing your rightstrategy while managing risk.
* Authors Swope and Howell are accomplished market educators andtheir partners are the leaders in trading and investing, includingE*Trade, CBOE, OIC, NYSE, NASDAQ OMX, CME and ISE
* An easy-to-use guide that will help you make the best decisionsin any situation, the book is essential for traders at alllevels
Trading by Numbers outlines a proprietary market scoringsystem that helps traders determine the best option strategies toexecute in any market climate.

Autoren/Hrsg.

Swope, Rick

Howell, W. Shawn

Inhaltsverzeichnis

Acknowledgments xi
Introduction xiii
CHAPTER 1 Market Scoring 1
Intuition Can Be High Tuition 2
The Role of Technical Analysis 3
CHAPTER 2 Trend Scoring 9
Trend-Scoring System 10
CHAPTER 3 Volatility Scoring 27
Volatility Overview 28
Volatility Scoring System 34
Know That You Don't Know 42
CHAPTER 4 Protecting Your Position 43
Seven Keys to Risk Management Success 44
Three Legs of Managing Risk 54
Setting Stops 63
Safety in Numbers 66
CHAPTER 5 Covered Calls 67
Getting to Know the Strategy 68
Strategy in Action 70
Strategy Management 71
Strategy Application 76
CHAPTER 6 Long Calls 81
Getting to Know the Strategy 81
Strategy in Action 85
Strategy Management 91
LEAPS 92
Strategy Application 95
CHAPTER 7 Long Puts 101
Getting to Know the Strategy 101
Strategy in Action 102
Strategy Management 104
Speculative Puts 107
Collars 110
Strategy Application 111
CHAPTER 8 Straddles and Strangles 117
Getting to Know the Strategy 118
Strategy in Action--Straddle 119
Strategy Management 122
Strategy in Action--Strangle 124
Strategy Application 125
CHAPTER 9 Debit Spreads 131
Getting to Know the Strategy 132
Strategy in Action 135
Strategy Management 136
Strategy Application 141
CHAPTER 10 Cash-Secured Puts 145
Getting to Know the Strategy 145
Strategy in Action 147
Strategy Management 149
Strategy Application 153
CHAPTER 11 Credit Spreads 159
Getting to Know the Strategy 160
Strategy in Action 160
Strategy Management 162
Strategy Application 168
CHAPTER 12 Horizontal Spreads 171
Getting to Know the Strategy 173
Strategy in Action 175
Strategy Management 176
Strategy Application 179
CHAPTER 13 Diagonal Spreads 183
Getting to Know the Strategy 184
Strategy in Action 190
Strategy Management 191
Strategy Application 193
CHAPTER 14 Index Options 197
Getting to Know the Strategy 198
Strategy in Action 204
Strategy Execution 204
CHAPTER 15 Butterfly Spreads 207
Getting to Know the Strategy 208
Strategy in Action 210
Strategy Management 212
Strategy Application 213
CHAPTER 16 Iron Condors 217
Getting to Know the Strategy 218
Strategy in Action 218
Strategy Management 221
Strategy Application 223
APPENDIX Strategy Profit and Loss Diagrams 227
About the Authors 231
Index 233

Über Autor(innen)

Rick Swope is a cofounder of Pro Market Advisors, whichspecializes in premier investment education and tradingconsultation services for retail and institutional clients such asE*Trade Financial Corporation, the Options Industry Council, andthe International Securities Exchange. Previously, he was theco-owner and managing partner of one of the first online tradingfirms. He is the coauthor of The Market Guys' Five Points forTrading Success (Wiley).
W. Shawn Howell is a cofounder of Pro Market Advisors. He spenta decade working with Charles Schwab's most affluent andsophisticated traders as well as managing teams of specializedbrokers. In 2005, Shawn concluded his tenure as the divisionalmanager of Schwab's Active Trader Field Team to teach currency,stock, option, and technical trading strategies across NorthAmerica for Investools. In 2007, he became the Managing Director ofthe forex enterprise for Thinkorswim Group Inc. In 2009, Shawn andlongtime friend Rick Swope cofounded Pro Market Advisors.