Part VI : Recommendations

TJ : What books would you recommend to our readers?

MW : Anyone who is not a beginner would probably want to have a copy of McMillan’s Options as a Strategic Investment. 

TJ : What advice would you give to someone who is thinking about trading for a living?

MW : I would try to avoid being asked that question.  But, if pressed, I would suggest the person have enough cash to support himself for at least 6 months so that making money was not essential (at first). I would want the potential trader to have the unequivocal support of his/her spouse or partner to pursue the dream. 

TJ : Any last thoughts to our readers? 

MW : There are many option strategies available.  Find one or two that suit your abilities, temperament and comfort level.  Don’t get greedy and accept what the markets give you.