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Best Books To Succeed At Options Trading

“An investment in knowledge pays the best interest.” — Benjamin Franklin.

As investors, we are constantly trying to learn more about building wealth. It’s why one of the most common phrases you will hear from a Max Options Trading admin is, “education first, profit second.” One of the best ways to further your financial literacy and investment education is to read a book. Can’t read? Visit our YouTube channel and listen. Can’t read or hear? You have taller mountains to climb than this. The following is a list of books suggested by our admin team and some of our members. Remember, if you want to succeed, you have to read.

Max’s Pick: Rich Dad Poor Dad By Robert T. Kiyosaki

There is a good reason why this book has sold over 32 million copies in more than 51 languages across more than 109 countries and has been on the New York Times bestsellers list for more than six years. It’s a book about financial literacy, independence, and building wealth by investing in assets, real estate, and owning businesses. Rich Dad Poor Dad is the book Max credits for changing his mindset and helping him become a millionaire.

“Winners are not afraid of losing. But losers are. Failure is part of the process of success. People who avoid failure also avoid success.”

― Robert T. Kiyosaki, Rich Dad, Poor Dad

 

Sean’s Pick: Mastering The Market Cycle: Getting The Odds On Your Side By Howard Marks

Marks was named “Wall Street’s Favorite Guru” by Barron’s (March 2013). The guy knows about investing. In his book, he provides insight on how to understand, track, and react to the ups and downs of market cycles. Our admin, Sean, and Warren Buffett have both been quoted praising Howard Marks, so you know the guy is the real deal. 

“What the wise man does in the beginning, the fool does in the end.”

― Howard Marks, Mastering The Market Cycle

 

Boot’s Pick: The Candlestick Trading Bible Invented By Munehisa Homma

This book is heralded as one of the most powerful trading systems in history. Munehisa Homma is considered one of the most successful traders of all time and was known as the God of markets in his days. His strategy made him more than $10 billion in today’s dollar.

 

Member Pick: Options Volatility Trading By Adam Warner

This book deconstructs some common misunderstandings about volatility trading and shows you how to successfully manage an options trading account and investment portfolio with expertise. Everything you want to know about volatility can be found in the book. 

 

Member Pick: Think And Grow Rich By Napoleon Hill

Another wildly successful book that makes our list is Think and Grow Rich. It has sold over 15 million copies and ranked as BusinessWeek magazine’s sixth best-selling paperback business book. This book is about increasing income.

“You are the master of your destiny. You can influence, direct and control your own environment. You can make your life what you want it to be.”

― Napoleon Hill, Think and Grow Rich

 

Member Pick: Trading For A Living By Dr. Alexnader Elder

In this book, Dr. Elder’s successful trading methodology that focuses on three M’s: Mind, Method, and Money is discussed at length. Trading for a Living helps you discipline your Mind, shows you the Methods for trading the markets, and shows you how to manage Money in your trading accounts. 

“Being simply “better than average” is not good enough. You have to be head and shoulders above the crowd to win a minus-sum game.”

― Alexander Elder, Trading for a Living

 

More Great Books To Read To Succeed At Options Trading

“Max’s Ultimate Credit Spread Guide” by Max Heaney: This is a comprehensive guide to credit spreads. It breaks down how to operate the iron condor and avoid the pattern day trader flag with an account smaller than $25,000.

“Options, Futures, and Other Derivatives” by John C. Hull: This is a comprehensive guide to derivatives, including options trading. The book covers everything from basic concepts to advanced strategies and includes real-world examples and case studies.

“Option Volatility and Pricing” by Sheldon Natenberg: This book is often considered the go-to guide for options traders. It covers volatility, pricing models, and advanced strategies in depth.

“The Options Playbook” by Brian Overby and TradeKing: This book is a practical guide to options trading, providing detailed explanations of different strategies and examples of how to execute them.

“Trading Options Greeks” by Dan Passarelli: This book focuses on the Greeks, which are a set of risk measures used in options trading. It explains how to use the Greeks to manage risk and create profitable trades.

“The Bible of Options Strategies” by Guy Cohen: This book provides a comprehensive overview of options trading strategies, including both basic and advanced techniques. It includes detailed examples and step-by-step instructions for implementing each strategy.

“A Random Walk Down Wall Street” by Burton G. Malkiel: This classic investment book provides insights into the efficient market hypothesis and emphasizes the importance of a diversified portfolio. It covers various investment strategies and offers practical advice for long-term investors.

“The Intelligent Investor” by Benjamin Graham: Considered a must-read for value investors, this book teaches the principles of value investing and provides guidance on analyzing stocks, bonds, and other investment opportunities. It emphasizes the importance of a disciplined and patient approach to investing.

“Common Stocks and Uncommon Profits” by Philip Fisher: In this book, Fisher shares his investment philosophy and provides valuable insights into stock analysis and investment strategies. It focuses on understanding a company’s long-term growth potential and highlights the importance of thorough research before making investment decisions.

“Security Analysis” by Benjamin Graham and David Dodd: This comprehensive book is a timeless resource for understanding the principles of fundamental analysis. It delves into financial statement analysis, valuation techniques, and risk assessment. It is considered the bible of value investing.

“Reminiscences of a Stock Operator” by Edwin Lefèvre: Although it is a fictionalized biography, this book offers valuable lessons on trading and speculation. It follows the life of legendary stock trader Jesse Livermore and provides insights into his strategies, psychology, and approach to the markets.

Remember, reading books can provide valuable insights and education, but it’s important to combine it with hands-on experience and a thorough understanding of market conditions to become a successful options trader. Join Max Options Trading today to get hands-on experience and education.

 
 
 
Risk Disclaimer: Trading in options involves high levels of risk and may not be suitable for all investors. Before deciding to trade options, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. Additionally, past performance is not necessarily indicative of future results. Please read our full list of risk disclosures here.

Testimonials Disclosure: Testimonials appearing on this website may not be representative of other clients or customers and is not a guarantee of future performance or success.
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