I am not against webinars, but the knowledge you get in reading a complete book is far better than attending a webinar.

As many of you were asking me the books to read, I am listing some of the books that cover option strategies, Greeks, Trading psychology, Risk management.

I suggest you to read 1 to 5 books first and then choose other books as per your interest.

I am giving amazon links for reference so that you can read the preview and decide, it doesn't mean that you need to purchase. You can always search the web for free pdf :)

1. The Option Trader Handbook: Strategies and Trade Adjustments

2. Option Volatility and Pricing: Advanced Trading Strategies and Techniques - Sheldon Natenberg

3. Trading Options Greeks: How Time, Volatility, and Other Pricing Factors Drive Profits

4. Trading Psychology 2.0: From Best Practices to Best Processes

5. Rich Dad and Poor Dad

6. The Richest Man In Babylon

7. The Bible of Options Strategies - Guy Cohen

8. How to Day Trade for a Living: Tools, Tactics, Money Management, Discipline and Trading Psychology

9. Options as a strategic investment

10. The Option Trader’s Hedge Fund

11. Get Rich with Options

12. The Psychology of Money

13. A Trader's Money Management System: How to Ensure Profit and Avoid the Risk of Ruin

• • •

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More from @yashstocks

22 Nov
How to become profitable traders like institutions? (Answer at the end of the thread)

Why Institutional Traders are more profitable than Retailers?

Because they have a very good risk management and need to follow a strict discipline to survive in the industry.
If some institutional trader loses say 2% at the start of week itself, he can't trade for rest of the week and need to serve others.
If he loses for 3-4 weeks, he can't trade for next month.
And if he loses for 4-5 months, he will be fired.
So, institutional traders first priority is not profits but to stop losses and to preserve capital.
The fear of losing a job will make them more disciplined and the money management rules set by the corporate firm is so strong and they have to obey it.
Read 8 tweets
26 Jun
@asitbaran @Raghunath_TL @itjegan @PRSundar64 Saw Mr. Asit thread on option greeks saying it's very important.
But I believe, Greeks are required only for beginners to understand how options work. Correct me if I am wrong.
Once you know about how options work, then no need to consider any greeks, everything comes default while taking/adjusting positions. And by seeing underlying option prices, you can know about all the so-called greeks. After all, Price is the KING.
1. You know in 4 days option value becomes 0 if the market is not moved. i.e theta
2. You know if the market moves up, ATM CE moves up too 0.5 times and ITM moves up by some factor say 0.7 and deep ITM moves by big factor say 0.9. i.e Delta
Read 5 tweets

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