Book Project, Chapter One

We're doing an experiment here and seeing if a book can be authored by a group. 

I think we all have enough experience, as students, teachers and traders, to write the best book ever written so let's give it a shot.  

Sadly, there is no money in publishing – the publisher takes about 90% of it but, if this book goes well, maybe we'll have leverage on the 2nd one!  I just think it would be really cool to have a book that's written by a trading group like ours so I'm going to post chapters as they are being worked on, which means I am not at all attached to their content but it's a good way to get started.

In the comment section, feel free to make changes, copy parts and rewrite them or whatever.  If you want to include an image, please just post the link for it and I'll fix it up.  

What we have here is two drafts of Chapter one that Sage and I were working on so our first job is to determine which way the book should go or combine the two somehow.  The main idea is to figure out which style is going to resonate with the average book reader.  

Keep in mind this is our first book so a bit of intro to options and we'd like to teach people to "Be the House" – but maybe we'll save that for the second book and make this one more about learning the basics or maybe you guys feel that if you see another book about basics you will kill yourselves (my feelings, really, but I'm way out of touch with what's good for beginners) – we'll all have to decide. 

Anything that has ever been written on this site is fair game -as is anything you want to contribute.  This is a good time to mine the Wiki and our Education Section and those notes people take but, while you are at it – please try to add to the Wiki too – as I find it quite useful for new Members.  And so, let us begin at the beginning: