Option trading and day trading for beginners. ?
I’m 16 and looking to learn about day trading and option trading. I’m looking for a book that goes through the basics of day trading and option trading and gives me the base knowledge to begin trading and would provide a jumping off point so to speak by providing basic knowledge which would enable me to understand more advanced methods of day trading.
Can anyone recommend me a book, or more than one books that I should begin with? Much appreciated! Also if there are any professional day traders here that I could get in contact with to ask some questions about day trading or purpose get some short tips and lessons. If you have time for this feel free to email me at JacksonAK92@hotmail.com
Thanks again.
Please for the love of god don’t recommend "day trading for kids" or anything like that. I’m young but I’m not stupid and I don’t think such books would be helpful to me.
Mail this post
Related Posts - From West to East: A Transition of Power? From West to East: A Transition of Power? It has been a long roller coaster ride for the world to take the path for economic recovery. Economists can't even tell a concrete duration when will the crisis ends. For past weeks, as the stock markets start to bounce back, currencies......
- Do you think our freedom will disappear while people just sit and watch TV? I saw a movie last year, it was Wallie (sp?) about the robot who was cleaning up the man made mess on a very polluted earth. Humans who had escaped from earth were fat and sitting in kind of a propelled wheel chair device and they were mesmerized by video......
- Stock Market Investing For A Motivated 15 year Old? Im currently 15, and I'm damn tired of waiting to get through high school and college to start making some serious money. I am a very motivated, smart teenager[4.0 with honors classes] and I believe that through some light research I have done, that the stock market is the way......
- The Basics Of Investing? hey I've decided to try out the stock market but the question os how what are the basics for ONLINE trade and whos the cheapest trader to go through this isnt a life changing thing i have income i just want to try it out for now and see if......
- Why did the US grant eminent domain to china? US Gives China Eminent Domain Over US Property Beyond High Treason A. True Ott, PhD, ND 2-28-9 Let's connect some dots today, boys and girls to learn about the HIGHEST POSSIBLE TREASON that has happened in this country. THIS IS AS REAL AND AS UGLY AS IT CAN GET. Dot......
- Is Great INFLATION coming ?? 2008/2009? The so-called "credit crisis" is gaining momentum. Investors increasingly question the solidity of the banking system, as evidenced by banks' tumbling stock prices and rising funding costs. With bank credit supply expected to tighten, the profit outlook for the corporate sector, which has benefited greatly from "easy credit" conditions, deteriorates,......
- trading stocks: what do you think of my strategy (im new)? I'm new to trading stocks, I have been "mock trading" online at this website where everything is real...except the money of course =). I have been meeting all of my goals so far. I'm too afriad to trade multiple times a day, it's too risky for me...with the whole 15......
- State Default Rates -- A Publishable Application of the RateLadder ListingKey In the past I have talked about my technique for adding a ListingKey to the Loan table of the Prosper.com data export. While I had successfully added the key several weeks ago I hadn't found an application of the key that I could publish until recently.  A fellow Princetonian and prosper lender......
- My ex wants to get back with me? My ex want to get back with me. The only thing is that he is still with his girlfriend. Now he and I where together for 2 years. Thing went bad when I found a condom in his wallet. Mine you we didn't use them. So now its been like......
- myself a happily married person with a beautiful wife & 3yrs daughter but now again ihve found my old love? i was in love with a grl 9 yrs bk, but we broke contact after 2 yrs as her brother didnt wanted us to do so , bt again aftr 7 yrs i found her & now she is also married for last 4 yrs & that too she did......
- 1st date in a long time help! Tips? Might sound dumb, but met this guy online and we're going to the movies and possibly dinner tomorrow night after i work. Now, I've ONLY been with my ex, and we dated almost 5 years, and its been a little over 7 months since he left, so i am i......
- Wednesday Lotto AU 750K Sticking with current strategy: SMALL numbers, 33 or less, having hit in the last 7 draws. A couple of odd ones thrown in. 18 games + Double up, Cost $9.15 1 6 12 18 27 33 1 6 10 11 22 24 1 6 11 12 18 22 3 10......
- Start Investing P2P Lending I have been investing in p2p lending on Prosper since July 06. I consider it an alternative asset class and orthgonal to the stock market. I am regularly asked if someone should invest in p2p lending... I think the answer is a loud and clear yes! But before you rush......
- Wednesday Lotto AU 750K Today's draw has some potential, as mentioned in the Monday draw comments: Soon to come: A draw where ALL numbers will come from only the last 4-7 draws!! Also look for all small numbers (under 33) to come in one of the next few draws. There is a good possibility......

The Compleat Guide To Day Trading Stocks
Written by Jake Bernstein
The Day Trader’s Survival Guide
Written by Christopher A. Farrell
Good websites:
http://www.optiontradingpedia.com
http://www.sec.gov/answers/options.htm
http://www.optionseducation.org
http://www.optionetics.com
As for books about options I’d suggest two and suggest that you read them in the order mentioned.
First, start with "Options as a Strategic Investment". It will cover the basics of options, uses, option spreads and combinations and it covers options on individual equities as well as indexes.
Second, "Option Volatility and Pricing" by Sheldon Natenberg is the bible for beginning proprietary option traders. It will give you the depth of information necessary to be a serious trader.
Good luck.
If you have wishes to lose huge amounts of money go for it. I day trade every now and then and I used to with ptions. Not anymore though. There’s juat too much premium priced in the options now with the vix being so high.
You said -
"Please for the love of god don’t recommend "day trading for kids" or anything like that. I’m young but I’m not stupid and I don’t think such books would be helpful to me."
Well the first thing you have to get past is your resistance to learning. I can learn from almost anything, even if it is just a review of fundamentals and one new nugget. Asking for help and then telling people how to help you and what you will not read seems to me like you would be a difficult student. The best traders don’t let their preconcieved notions interfere with their trading or learning. Trading is counter-intuitive.
FWIW, I use options a bit, but they do not suit my personality as a short term trading vehicle. I prefer simple directional trades. Stocks are okay, but you need some significant capital to make money and shorting can be a problem. Forex has its own issues. I mostly trade futures on a daily basis.
This is the worst time to even think about messing about with the stock markets.
Professional stock brokers are losing a fortune what makes you think you can out perform them.
Reading books alone is not enough you need experience and a constant source of up to date information in order to make the right decisions.
Good luck!
You won’t find a book "day trading for kids" because you must be at least 18 or older to open a brokerage account.
To tell you the truth if all you know is stock market basics you would wish they had a book called "Day & Option Trading for Kids."
Read "The characteristics and risks of standardized options" should be free.
The beginners’ book I have seen recommended most is in the bibliography I gave you earlier:
Thomsett, Michael C.: Getting Started In Options, New York, New York, John Wiley & Sons, 1993. Very good, very basic treatment of options.
http://www.cboe.com/Institutional/Bibliography.aspx
I have also seen good reviews for "Options Made Easy" by Guy Cohen. I have not read the book, but I have glanced through it and it seemed reasonable from what I saw.
One other book I will recommend is "The Rookie’s Guide to Options: The Beginner’s Handbook of Trading Equity Options" by Mark Wolfinger.
http://www.mdwoptions.com/RookiesGuide.html
Although I have not read it, I can recommend the book based upon the posts the author has made on the message board at
http://messages.yahoo.com/Business_%26_Finance/Investments/forumview?bn=4686677
as "dagnyt". Since he responds to questions that means if you had any questions about the book you could ask him directly on that board.
I don’t know enough about books on daytrading to give an intelligent response to that part of your question.