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9781118115077

Trading by Numbers : Scoring Strategies for Every Market

by ;
  • ISBN13:

    9781118115077

  • ISBN10:

    1118115074

  • Edition: 1st
  • Format: Hardcover
  • Copyright: 2012-03-13
  • Publisher: Wiley
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Supplemental Materials

What is included with this book?

Summary

Get the E*Trade experts' inside track on playing the markets For retail traders, knowing which possible strategies to employ when has always been a challenge. That is, until now. For the first time, popular E*Trade educators Rick Swope and Shawn Howell introduce their two-dimensional scoring system for determining how bullish/bearish a trade setup looks by reading charts. In Trading by Numbers, they present a scoring system that uses a trend score and a volatility score, removing the guesswork and giving you a solid guide to the markets. Based on the score, the authors provide a toolkit of option strategies that are best to execute in each specific situation. Using common indicators and patterns, the book provides analysis for choosing your right strategy while managing risk. Authors Swope and Howell are accomplished market educators and their partners are the leaders in trading and investing, including E*Trade, CBOE, OIC, NYSE, NASDAQ OMX, CME and ISE An easy-to-use guide that will help you make the best decisions in any situation, the book is essential for traders at all levels Trading by Numbers outlines a proprietary market scoring system that helps traders determine the best option strategies to execute in any market climate.

Author Biography

Rick Swope is a cofounder of Pro Market Advisors, which specializes in premier investment education and trading consultation services for retail and institutional clients such as E*Trade Financial Corporation, the Options Industry Council, and the International Securities Exchange. Previously, he was the co-owner and managing partner of one of the first online trading firms. He is the coauthor of The Market Guys' Five Points for Trading Success (Wiley).

W. Shawn Howell is a cofounder of Pro Market Advisors. He spent a decade working with Charles Schwab's most affluent and sophisticated traders as well as managing teams of specialized brokers. In 2005, Shawn concluded his tenure as the divisional manager of Schwab's Active Trader Field Team to teach currency, stock, option, and technical trading strategies across North America for Investools. In 2007, he became the Managing Director of the forex enterprise for Thinkorswim Group Inc. In 2009, Shawn and longtime friend Rick Swope cofounded Pro Market Advisors.

Table of Contents

Acknowledgmentsp. xi
Introductionp. xiii
Market Scoringp. 1
Intuition Can Be High Tuitionp. 2
The Role of Technical Analysisp. 3
Trend Scoringp. 9
Trend-Scoring Systemp. 10
Volatility Scoringp. 27
Volatility Overviewp. 28
Volatility Scoring Systemp. 34
Know That You Don't Knowp. 42
Protecting Your Positionp. 43
Seven Keys to Risk Management Successp. 44
Three Legs of Managing Riskp. 54
Setting Stopsp. 63
Safety in Numbersp. 66
Covered Callsp. 67
Getting to Know the Strategyp. 68
Strategy in Actionp. 70
Strategy Managementp. 71
Strategy Applicationp. 76
Long Callsp. 81
Getting to Know the Strategyp. 81
Strategy in Actionp. 85
Strategy Managementp. 91
LEAPSp. 92
Strategy Applicationp. 95
Long Putsp. 101
Getting to Know the Strategyp. 101
Strategy in Actionp. 102
Strategy Managementp. 104
Speculative Putsp. 107
Collarsp. 110
Strategy Applicationp. 111
Straddles and Stranglesp. 117
Getting to Know the Strategyp. 118
Strategy in Action-Straddlep. 119
Strategy Managementp. 122
Strategy in Action-Stranglep. 124
Strategy Applicationp. 125
Debit Spreadsp. 131
Getting to Know the Strategyp. 132
Strategy in Actionp. 135
Strategy Managementp. 136
Strategy Applicationp. 141
Cash-Secured Putsp. 145
Getting to Know the Strategyp. 145
Strategy in Actionp. 147
Strategy Managementp. 149
Strategy Applicationp. 153
Credit Spreadsp. 159
Getting to Know the Strategyp. 160
Strategy in Actionp. 160
Strategy Managementp. 162
Strategy Applicationp. 168
Horizontal Spreadsp. 171
Getting to Know the Strategyp. 173
Strategy in Actionp. 175
Strategy Managementp. 176
Strategy Applicationp. 179
Diagonal Spreadsp. 183
Getting to Know the Strategyp. 184
Strategy in Actionp. 190
Strategy Managementp. 191
Strategy Applicationp. 193
Index Optionsp. 197
Getting to Know the Strategyp. 198
Strategy in Actionp. 204
Strategy Executionp. 204
Butterfly Spreadsp. 207
Getting to Know the Strategyp. 208
Strategy in Actionp. 210
Strategy Managementp. 212
Strategy Applicationp. 213
Iron Condorsp. 217
Getting to Know the Strategyp. 218
Strategy in Actionp. 218
Strategy Managementp. 221
Strategy Applicationp. 223
Appendix Strategy Profit and Loss Diagramsp. 227
About the Authorsp. 231
Indexp. 233
Table of Contents provided by Ingram. All Rights Reserved.

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