$25K Options Trading Challenge (Second Edition): Proven techniques to grow $2,500 into $25,000 using Options Trading and Technical Analysis Paperback – October 22, 2020

I'm usually very leery about books or programs that even imply some sort of rags-to-riches gimmick on the cover. Having already lived on the knife-edge of options trading, I was skeptically curious to see what this book had to say.What I discovered is a book that's surprisingly rational, mostly easy to read, and outlined a strategy that looked like it could actually work. The author is straightforward about his losses as well as his wins, is clear about the timeline involved, and demonstrably does himself what he says the book does (rather than simply offering the smoke-and-mirrors of a paid service to help others lose their shirts).Is this the only book you should ever read on Stocks, Options, or Technical Analysis? No. I think it's important to understand the basics of things like "the Greeks", etc., not to mention stocks themselves. You also need to learn money-management disciplines, and get your emotions under control; the book perhaps needs to emphasize this a little more strongly.This book is about capital growth and preservation using Stock Options. If you have an IRA account, it wouldn't hurt to move a spare $2.5k into a trading IRA account and get busy with your retirement nest-egg. Most traders lose because they either over-allocate capital, and/or have too-few positions: Greed and Fear. A useful table near the back of this book can be interpreted to indicate the position-sizing and quantity to use when the account is at various different stages.

This author does an excellent job of keeping things simple and the combination of charts with RSI and ADX, along with Bollinger Bands and Keltner Channels gives a really nice picture of what’s happening with the current price. The same day I was perusing the book I pulled up the charts to look at a stock I’ve owned for a while, ABBV. I have been looking to add more and when I pulled up the charts, confirmation was quickly made the current trend was intact and solid, so with the stock trading above 100 I sold the weekly 100 put for 1.87. That was on a Friday and by Monday the option had deteriorated to less than .30 and while I didn’t get my stock, I got the moolah baby!!! My go to trades in option world are vertical spreads, and the author again does a great job of explaining the value of verticals. Cool book, well written, (some basic option knowledge necessary) and these charts are now part of my arsenal. I am an experienced trader that has been trading options on all levels for 25+ years. I have read dozens of trading books over the years, and this will be one I will recommend. Well done.

Most options books talk about the math, the theory and various option strategy theories. This one actually gives you some practical ideas that you can try. And if you try them with small amounts you won't get wiped out. The ideas don't risk large amounts, so it's easy risk management.One reviewer mentioned that this book is there just to sell his service. I didn't find that to be the case at all. I did try the service briefly, but I preferred other ones, so I cancelled. I still think this book is worth reading.Far too many books talk theory without practical examples. This is one of the few that gives practical usable examples.Why 4 stars? It is definitely limited in it's ideas, but that's ok. I'd rather read a short practical book than a long impractical one.

If you have a decent understanding of options basics, this book is a really good strategy to use. In my opinion Nishant’s strategy is one of, if not THE most passive ways to invest.I started with a pretty small account. My main goal was to learn the strategy, my trading personality and most importantly NOT TO BLOW MY ACCOUNT. I’m about 6 or 7 months in. I haven’t blown my account nor have I added any funds. Account is about $150 in the negative but that’s my fault and nothing to do with the material covered in the book. I was trying to do credit spreads and this strategy at the same time in the middle of the pandemic and got hit with the big market correction. I’m still learning as I go, trade psychology and risk management is huge. Also learning to have faith in the TA that I learned in this book and be more patient. A few times I took profits or cut losses early when I could’ve been more patient.Overall super happy with the purchase and materials Nishant goes over. He does make it seem easy but he has been doing it for over a decade. So just remember be patient. It’s a marathon not a sprint.

In this book, Nishant walks us through a powerful trading system with no fluff. The system itself is easy to follow, once you learn the rules. Don't let the simplicity deceive you. Nishant backs up the rules with solid logic and lots of real examples. He also has a discord group where he challenges the readers on a journey to walk-the-walk.My experience on his group has been super beneficial - the members are very cordial and are always willing to share. Besides friendly banter, there is usually ongoing discussion about potential/existing trades.Nishant himself, is very generous with his time on Discord and makes it a point to spend adequate time to guide the members. There are also trade alerts based on the system to help you on the challenge - the $25k journey..and become an independent trader. That's the main reason why I bought this book and joined his gorup.If you commit to this book seriously and are disciplined enough, you will be soon on your way to CONSISTENT Profits.Extremely lucky to have found this book and Nishant's Discord group.

I dont understand the reviewers who complain about this being a short book. It is not a treatise on Options or trading. There are lots of those books out there. So what is it? Its a very short overview of a technique that the author has used over the last 10 years to consistently make money.To those people who complain he only uses one technique and the book is short - Would you rather have a long book with 10 techniques and be left to your own devices? And if you already know 10 techniques why are you looking at this boo? Unless your 10 techniques aren;t giving you the profits you are looking for.This book gives you a very specific technique - it gives you a way of picking which stocks to trade - he gives you his watchlist. He also has a website with his previous challenges so you can see exactly how he trades and how he makes money. All for free. In the latest challenge you even get to see how he managed to navigate the Covid crisis. He has also created some free videos to help.Yes there is also a paid website where you get to follow along, in real time with his current challenge. This you have to pay for although there is a free trial. You dont have to join this though - its purely optional. You can still run the system just with the information in the book. But think about this - from all the books you have read; How many of them have been profitable over the last 10 years? And how may authors have the guts and competence to let you follow along with them in real time?Funny thing is I had signed up with 2 other authors/course providers who charge over $1000 for their options programs - one rhymes with Gucci and the other tries to make things SIMPLER (hint hint) and both of them are teaching this same strategy.... so hmmm.... maybe there is something in this... I mean this guy does show his trades and does consistently make money. It just seemed too easy. So I didnt follow it before... But now I am and its AWESOME.Buy the book and stop complaining about it being short. Its probably the best book on Options trading so far ever written and you don't have to pay $1,000s of dollars for it. I would take a short book with a profitable system over your fancy 10 Option technique books anyday.

Sem enrolação, com explicações simples e exemplos claros. Vale muito a pena ler. Resta colocar em prática para ver se funciona.

Excellent book , the followup book " mean reversion trading" is amazing

Excellent work! How to use options from a very practical point of view within a simple and easy strategy framework. After reading the ebook I ordered a printed version too for my book shelve ...

Appreciate the author for sharing his experience. Simple language, easy to understand and something that could be implemented comfortably. Would like to read more from the author...