July 2011
Intermediate to advanced
355 pages
9h 12m
English
book
The StockTwits® Edge: 40 Actionable Trade Set-Ups from Real Market Pros
by Philip Pearlman, Howard Lindzon, Ivaylo Ivanhoff
Content preview from The StockTwits® Edge: 40 Actionable Trade Set-Ups from Real Market Pros
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CHAPTER 29
Know What You Don't Know
Adam Warner, @agwarner
Adam is one of the most experienced options guys on StockTwits. He has seen it all and knows the nuts and the bolts of countless options strategies, the names of which I can't even remember. Adam's generosity with students and good causes has earned our deep respect.
OPTIONS TRADING WAS A BIT OF A FAMILY BUSINESS
I have traded options for almost half my life now. (Wow, scary thought.) I started as a market maker on the American Stock Exchange (AMEX) in February 1988. We stood in trading crowds with only our buy and sell pads to protect us. We got a roughly 300-pound package of position and valuation sheets each day that we got from our clearing firm. And unless you could commit it all to memory, you carried them with you all day.
Trading was not the career I had planned. My dad had traded options on the AMEX in the 1970 s and early 1980 s, and one of my brothers-in-law soon followed, so it was a bit of a family business. After a couple of summer jobs on the floor, I took the GMAT and applied for all sorts of Wall Street jobs, and ended up working for a firm called the Options Group. They provided a (then) state-of-the-art online options pricing system for predominantly nonequity options. The firm was terrific, but my job (tech support) was not. My dad suggested I trade on the AMEX. It was 1988, and while I had intended to take my career in another direction.
I didn't take to the trading life at first, but grew to love ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.