OPTIONS

Most people lose money in the stock market because they try to predict the future. They buy a stock and hope it goes up. If it goes down, or even if it just stays still, they lose.

This book is about a different way to trade. Instead of betting on where a stock is going, you learn how to profit from the one thing that never stops: the passage of time.

Every option has an expiration date. As that date gets closer, the value of the option drops. This is called Time Decay. This book teaches you how to use this "ticking clock" to your advantage.

The strategy is simple: You buy an option that has a lot of time (months) and sell an option that has very little time (weeks). Because the short-term option loses its value much faster, you pocket the difference. You aren't winning because you're a genius at picking stocks; you're winning because the calendar moved forward.

When you set up these trades, you aren't stuck with a single "win or lose" price. Instead, you create a Profit Tent. As long as the stock price stays inside the walls of your tent, you make money every single day.

• If the stock goes up slightly: You win.

• If the stock stays exactly where it is: You win.

• If the stock moves against you: You have "Repair Tools" to move your tent poles and give the stock more room.

This book provides a step-by-step manual on how to run your trading like a professional business:

• The Rules: Learn exactly when to enter a trade and, more importantly, exactly when to get out.

• Safety First: Learn why you should never risk more than a tiny piece of your account on one trade so that one bad day can never wipe you out.

• The Checklist: Follow a simple set of steps before every trade to take the guesswork and emotion out of the process.

This isn't for the person looking to "get rich overnight." It is for the person who wants a steady, repeatable way to grow their account. Whether you have a few hundred dollars or a few thousand, these strategies allow you to stop chasing the market and start letting the market come to you.

The clock is already ticking. It's time to make sure it's paying you.