What is this strategy called?
This trading strategy doesn’t really have a name; it is truly unique and defies the usual labels. It shares some minor characteristics of Calendar Spreads, LEAPS, Diagonal Spreads, and Covered Calls, but is in fact a hybrid of several methodologies. To me, it’s the “Holy Grail” of trading; for want of a better label, I just call it the “Best Option Strategy Ever.” The BOSE Method™ for short.
Who is this NOT suited?
The reality is the majority of option traders are punters looking for that quick win and not true investors.. Understand this is a safe, long term conservative yet amazingly consistent strategy that requires very little maintenance. If you do not have the mindset of learning the principles of earning true wealth, instead just looking for a quick fix, then this strategy is probably not well suited for you at this point in time.
Does this book help select stocks?
Yes, how to select stocks is well outlined with very concise criteria. The best thing is that all information required to trade this strategy is readily available, FREE from various sources.
Do I need a large trading account?
No this strategy works equally well for small accounts as any size. We are talking methodology principles so it works well for all. It is worth mentioning that whilst it works well for shoestring investors; most by nature are usually looking for get-rich-quick schemes, which this is not. Many will probably need to undergo a significant mindset change first to benefit from such a long term strategy.
Can I Paper Trade this first?
That’s another benefit of this strategy. Yes you can easily paper trade this with complete accuracy first to prove it for yourself without risking any money at all. In fact a Paper Trading Worksheet is included in the book for this purpose.