Dr. Russell Richards reveals ‘Trade Options with an Edge’
New book guides readers in finding effective option trades to maximize their profits
SUFFOLK, Va. – Drawing from his vast knowledge gained from many years of trading, trying many different approaches, experiencing success and failures with traditional approaches, Dr. Russell Richards attempts to convince retail investors that they can manage their own money better than most mutual funds, hedge funds or financial advisors. He introduces the tastytrade approach to investing with options in his new book, “Trade Options with an Edge” (published by Xlibris).
According to Richards, options provide the most efficient way to trade equities. If an investor has an edge in an options trade, he will consistently generate small profits much like a casino does. The investor needs only make lots of small trades, each with an edge and manage the trades actively. The investor should expect to generate profits of 1 percent to 2 percent or more each month in any type of market: up, down or sideways.
“The approach to trading options is very mechanical. It debunks some of the widely held beliefs about investing,” Richards says. “Instead of focusing on stock selection as the key to making money in the stock market, this book focuses on identifying opportunities that provide an edge. It provides a very mechanical method for selecting strategies and managing positions. “
Informative and insightful, “Trade Options with an Edge” guides readers in understanding how to manage and grow the money that they have. Software to support options trading is provided with the book.
“Trade Options with an Edge”
By Dr. Russell Richards
Hardcover | 6x9in | 398 pages | ISBN 9781524538194
Softcover | 6x9in | 398 pages | ISBN 9781524538187
E-Book | 398 pages | ISBN 9781524538170
Available at Amazon and Barnes & Noble
About the Author
Dr. Russell Richards is a retired mathematician and systems analyst with over 45 years of experience in trading. He has been a professor of operations research, an entrepreneur (co-founder of three consulting businesses), an inventor, a manager of operations research and systems analysts, a systems engineer and a research and technology manager. Like many investors, Richards had mixed results with success in rising market and losses in down markets. In 2012 he discovered tastytrade, an internet-based financial network that streams live video eight hours each trading day about trading options and futures. The tastytrade approach appealed to Richards because it was solidly based on probabilities and analysis and everything was backed up with studies of applying the approach with real market data over a period of several years. But most importantly, he made money when he followed the approach.
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