P3 System: Option Trading Basics and Putting Profit Probability Potential On Your Side
$31.46
For traders who are just mildly familiar with options, we will touch on the basics as a refresher lesson, but for those for whom option trading is a new concept, within this P3 System: Profit Probability Potential book (called P3 for short), Kirkland cover options in general, so you’ll have a grasp on how to trade options, as well as how they relate to the P3 strategy, including option pricing.
Introduction:
Many traders focus on trading stocks, indexes and ETFs on the stock market, using a cut and dried, buy and sell approach. While you could spend a lifetime learning about and perfecting these straight forward trading strategies on these assets, other traders are expanding their horizons. There is a unique trading opportunity for investors willing to put in the time to learn about a different trading vehicle and about a truly new and unique trading strategy…the P3 System.
Aspects of this opportunity offer huge gains…but the trading strategies can be a bit more complex when they are used to control risk. Therefore, sometime ago, I discovered, used and have since fine-tuned the P3 System, so that it controls risk, but is also easy to learn and to implement. Not only does the Strategy offer huge gains, but it also increases the probability of finding guaranteed winning trades. The best part is, just about anyone can use this proven system to score incredible gains on a majority of their trades.
In P3 System, Kirkland explains several chart indicators as she develop a picture-clear trading plan. Her goal is to bridge the gap – to create a book for beginners that will give them the knowledge they need to be successful while they take the next steps in their option education (if they choose to move beyond this point) and a strategy that will intrigue experienced option traders with the strategy’s accuracy to predict and precisely time bursts of upward stock movement.
This said, you may never choose to discontinue use of the P3 trading strategy, no matter how much education you have or gain over time (If you feel overwhelmed already, hang in there! Kirkland will slowly build one principle upon another.) More to the point, this strategy no doubt will become a tried and true tool in your trading toolbox for when you want a sure-fire, swing trade during times of volatility and a trade that, if the picture continues to unfold, becomes a strong, longer-term trade for confirmed uptrends.
P3 System: Option Trading Basics and Putting Profit Probability Potential On Your Side By Wendy Kirkland pdf
| Author(s) | |
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| Format | |
| Pages | 79 |
| Publication Year | 2010 |
6 reviews for P3 System: Option Trading Basics and Putting Profit Probability Potential On Your Side
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Kamryn Reynolds (verified owner) –
the P3 system has given me a defined, rules-based strategy that works. Kirkland’s instructions on trade entry, management and exits have taken the guesswork out of options trading for me. My only critique is wanting even more detailed examples on planning actual trades. Overall an excellent intro to profitable options trading.
Amora Mahoney (verified owner) –
The P3 system offers a truly reliable approach to options trading. By waiting for the specific chart pattern and indicator alignment, you’re setting yourself up for consistent success. Now I have a go-to strategy foroptions that positions me for potentially massive gains with controlled risk. Every options trader needs this book!
Isabelle Prince (verified owner) –
As an experienced options trader, I appreciated the fresh perspective of the P3 system. The trade plans are structured to optimize profit potential while minimizing risk. My results have improved following the criteria Kirkland provides for trade selection and timing. I do think the book could still provide even more examples for advanced traders.
Aron Cisneros (verified owner) –
The P3 system opens your eyes to a whole new options trading strategy. Kirkland lays out the exact patterns and indicators to look for, as well as clear entry, exit and management rules. I’ve been able to consistently find high probability trades that deliver the big profit potential options provide. This is a game changing book.
August Hayden (verified owner) –
Kirkland does a good job explaining the foundations of options and then building up to the P3 system specifics. I liked the chart examples demonstrating how to identify trades with a high probability of success. My only complaint is wanting even more examples and trade walk-throughs. Overall a solid book for novice to intermediate options traders.
Janelle Nguyen (verified owner) –
Kirkland impressively makes options trading accessible for beginners but also provides advanced insights for experienced traders. The P3 system reveals how to combine chart patterns, indicators and options to create high probability, profit rich trades. This is a must-read book for option traders of all levels.