Michael C. Thomsett is a widely published author with over 80 business and investing books. His publishers include John Wiley & Sons, FT Press, Palgrave Macmillan, and Amacom, among others. His specialty is options trading and he has also written several books on related topics, such as technical analysis and candlestick charting.
Among his best-selling books is Getting Started in Options (John Wiley & Sons), in its 9th edition as of 2015 and with over 300,000 copies sold. This, plus an additional 10 other options books, makes Thomsett the most widely published options author in the United States. He also recently published Profiting from Technical Analysis and Candlestick Indicators (FT Press), A Technical Approach to Trend Analysis (FT Press), and other options books released by several publishers. Thomsett also teaches options classes for Moody’s Analytics and is an instructor with the New York Institute of Finance. He is a frequent speaker at investment trade shows and conventions.
Thomsett’s concept of trading options is based on analysis of charts for underlying stocks and timing trades based on indicators in the form of candlesticks, traditional price patterns, volume indicators, moving averages and momentum oscillators. This concept, which he has named “signal correlation,” was tested over a two-year period involving 578 options trades. In this test, 91.5% of trades were profitable, which is 2.8 times better than the market (DJIA annual returns were 13.5% annually versus 37.8% average for the two-year test. A peer-reviewed paper documenting this study is being published in 2015 by the Journal of Technical Analysis).
The author resides near Nashville, Tennessee and writes and teaches full-time.
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