5 comments about Wall Street Money Machine, Volume 1.

1. Prompt delivery. Was surprised there was an inscription on the inside cover. Would like to have known that ahead but the price was right so I made do. Book in excellent condition. Still wondering who "Bobo" is!



2. The ideas in this book are interesting, but the actuality is highly flawed. The idea that you can write a 1 month call for 10% of the value of the stock is erroneous. Then, since he advises investing with borrowed money, he claims this is a return of 20% per month. He extends this to 40% just because nobody minds optimism. Writing covered calls is fine, but you do have to realize that this will limit your upside, but not your downside. He neglects to mention this!
   
   Mr. Cook uses margin buying for every example, yet never gives a single calculation for what happens when a stock goes down, for example showing how you can lose 100% of your investment by a price drop of 50%. Really, the only three ideas in here are 1. Covered call writing (with exaggerated numbers) 2. Buying rolling stocks (which are not supported by his own graphs) and 3. Buying on the stock split (which is not such a guarantee of success as he claims).
   
   Overall, the returns of these strategies are not credible.



3. First of all, let's establish that all of the 1 star reviews and bashing comes from the same person. That was proven a very long time ago. And yes, Wade Cook did have to file for bankruptcy and yes Wade Cook has some legal IRS issues. He is serving time in jail- but so did The Apostle Paul. so what!
   
   And what does any of this have to do with Wade's strategies?
   Answer: Nothing!
   
   The real fact is that there are lot of people who will not benefit by your knowing these techniques that Wade teaches and they hope you never use them. Some have their own websites and are in direct competition with Wade also selling expensive $3,500 seminars and making many of the same claims that Wade makes about incredible returns in the stock market.
   
   See the similiarity?
   
   
   In Wall Street Money Machine Vol. 1, Wade Cook explains 13 powerful money techniques on cash flowing the stock market. I have been making good consistent returns with covered calls, rolling stocks, rolling options and options on stock splits.
   
   Wade has a way of explaining the stock market to the average wannabe investor so they can understand it and take the information and begin making money right away.
   
   People knocking this book have their own websites and products to sell. Some are brokers who want to sell you their 'Soup Dejour' and could care less if you lose money. Others are investors who don't want you to know these strategies because they want to keep them all to themselves. If you find these techniques out, they may cut the potential profit for them.
   
   Now do you understand their motivation?
   
   Perhaps Wade's biggest basher is a writer for a popular weekly news magazine who also wrote a big 1,000 page book on personal finance and while she was focusing on rutherlessly attacking Wade, she lost what little audience she had to Suze Orman and now people ask, JBQ who???
   
   Now do you understand her rationale and real purpose for her attack on Wade?
   
   If you don't like Wade, at least study his strategies. They work. Many ultra successful investors have been using them for years and unfortunately, like Tax Lien certificates, many are hoping that you never find out about these high powered techniques.
   
   
   By the way, Wade made 128% back in 1998 he didn't lose money as has been reported elsewhere on the internet but he does report his losses on his website. Funny how the bashers criticize him for that.
   
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   53 of 56 people found the following review helpful:
   Powerful, useable strategies, October 1, 2003
   By A Customer
   
   I have a library of over a hundred or so financial books and continue to add to my library. A lot of times when I am waiting for a new batch of books to come in, I'll reread an older one. I did that recently with Wall Street Money Machine #1 and have been rewarded tremendously with Wade's advice.
   I have found that options are safer than stocks and buying on margin can be done safely and successfully. I like the fact that Wade says to "not get greedy" and "know your exit" and set stop losses and use limit orders.
   
   Generating income repeatedly via rolling stocks and with covered calls is predictable and also safe.
   
   Earning 20% monthly and up to 1,000% returns with options on stock splits and on earnings runs is also doable.
   
   Wade Cook provides strategies that are very powerful and useable. They flat out work.
   
   Regarding the current status of Wade Cook's company, allI can say is that a lot of companies have had to file bankruptcy over the last few years. Wade's is not the exception but still has nothing to do with his stock market strategies. The seminar part, which is the part primarily involved in the bankruptcy to me were way too expensive (as are the seminars by others). For $4,000 you can buy a lot of books, software and paper trade. I believe that the Wall Street Money Machine series gives you the basics to start investing successfully. Want more information on options? Check out Wall Street Money Machine #2 and #4. Want to maximize covered calls? Read Wall Street Money Machine #5. WANT TO PLAY QUARTERLY EARNINGS? Read and use Wall Street Money MACHINE #6. Want to profit from the market swings? Then pick up a copy of 2 BAD Years and Up We Go and Wall Street Money Machine #3.
   
   I would also recommend William O'Niels new book "The Successful Investor" and read other books on plaing options like "The Option Player"
   
   Regarding the negative viewer comments on checking out goggle, all I can say is that MSN is dropping many of it's chat rooms due to outright abuse on the internet. Just because something is on the internet does NOT make it true. It's the general opinion that all of the negative reviews against Wade Cook come from one person who is in direct competition with Wade and sells seminars and stock market websites.
   
   Regardless of what Wade is doing now, all I know is that his strategies work and work all the time for anyone and everyone who follows them correctly. Sure beats listening to brokers who generally only make you broker



4. This is a very good introduction to rolling stocks, options, and calls. To me that is the main value of the book. The author was very clear in his explanations. Of course, be aware that there is also some selling of his courses and seminars.
   
   I was particularly interested in rolling stocks. If that is your interest, I would recommend Rolling Stocks: Making Money on the Ups and Downs by Gregory Witt.
   
   At first I was a little put off by Wade Cook's recent conviction, but please do not let that influence your decision in buying this book. You can learn to fish from a man, but just because that man is convicted of stealing fish does not diminish what you learned from him about fishing. This is not a book on ethics.



5. He is serving 88 month in prison. Go to any search engine and look up "Wade Cook" +"September 4, 2008".
   
   I have several books, CDs, video tapes, and such by Cook. I never started learning anything about the stock market until I bought books from other people!
   
   A good starter book is "High Octane Trading" by Steve Wirrik, but more advanced stuff is in "Trade Your Way to Financial Freedom" by Van K. Tharp and "Trading for a Living: Psychology, Trading Tactics, Money Management" by Dr. Alexander.
   
   I also like Michael W. Covel's books, "Trend Following: How Great Traders Make Millions in Up or Down Markets, New Expanded Edition, (Paperback)" and "The Complete TurtleTrader: The Legend, the Lessons, the Results".
   
   Don't buy anything with Cook's name on it.

No comments about The Stock Option Income Generator: How To Make Steady Profits by Renting Your Stocks (Wiley Trading).

5 comments about Option Pricing: Black-Scholes Made Easy (Wiley Trading).

1. While the subject matter of this book is challenging, I was not pleased when the book arrived and the pages were meant to be read at 90 degree angle from normal books. That, added with a tight binding made the book nearly impossible to move through. I was also not impressed with the quality of the printing inside. It was far too faded. I felt that the book did not do justice to the subject covered and I ended up returning the book and purchased another book on the subject. I am not trying to be overly critical of the book. I was very enticed by the title and cover, but the way the inside of the book was set up was not near to the quality dedicated to the cover. I think that this has the potential to be a better book if the inside is rotated to that of a normal book and the quality of printing was improved (color printing would be ideal).



2. I liked that this book was interactive in the sense that you use included software in each of the exercises and thought that the exercises did a good job of explaining the underlying concepts needed to understand option pricing theory (volatility, probability distributions, Black Scholes assumptions, etc). I did think the software itself was poorly written -- but this was partly offset by the fact that the book gives you step-by-step instructions on what to do in each exercise with the software, and if you follow the instructions it works pretty well.
   
   That said, I recommend Hull's Options, Futures, and Other Derivatives as this is one of the leading references on the topic. This is the book that everyone in the industry tends to talk about....
   
   Note that I did not take the following into account when I was rating this book but I purchased the text directly from Amazon.com (not a 3rd party Amazon.com merchant) and when it arrived it was not what I was expecting. The pages were monochrome (photo-copies in black-and-white) and some of the pages were out of order. There was no CDROM included but rather a link to download a .zip off of the publisher's website.



3. This book makes it relatively easy to understand the mathematical principles behind the Black-Scholes theory. The CD guides you through various scenarios and plots everything for you. You don't have to be a mathematician with a PhD from the University of Chicago to appreciate the explanations and diagrams depicted. A "must-have" for every options trader or investor - a definite "keeper"!



4. Fantastic software!

   The book is really a step by step tutorial on how to use the
   probability forecasting software that is on the CD.

   Excellent learning tool as well as a decision-analysis tool for investments.

   Really great. Loved it. Learned a lot!

   Many thanks to the author.

   One Caution: It doesn't work on a Macintosh
   (unless you have PC emulation software for your Mac).

   Cheers,
   ---Freddy




5. I was skeptical to buy it since there were more than 100 different books available on options... but I am glad I choose this book. Its easy and the software developed beats anything I have seen yet... All the free softwares available are excel based but do not offer such insight on the subject as this book.
   I would strongly recommend it to anyone. Only hitch is that the software is bit slow to run but it performs...

5 comments about Tips and Traps When Buying a Home (Tips & Traps).

1. This is an overall good resource. It is an almost 20 yr old book (published in 1990!), hence it can't be relied upon today (2009) as the only authoritative source of info before buying a home. But, in general, it has important information on numerous tips and traps of buying a home, to better equip any 1st time buyer (like me).



2. I was pleasantly surprised with how easy this book was to read and understand. I would be interested in reading more of his titles based on my experience.



3. Mr. Irwin states in this book that a real estate agent taking a commission on his own purchase can get sued on the grounds that he is effectively acting as an agent for the seller, and this creates a conflict of interest. This is based on the antiquated notion that a buyer's agent is construed to be a subagent of a seller's agent. Today, a buyer's agent is construed to act independently of a seller's agent, and is thus free to take a commission on his own purchase. The matter is simply one of an agreement between agents to share the commission.



4. This book is very easy to read, well organized, and contains a LOT of essential information for anyone looking to purchase a home. I recommend it without any reservations.
   
   One issue: I'm not sure if there's a newer edition of this book than I received last year, but it's a bit out of date. For better or worse, a lot of mortgages floating around out there today - especially for first time homeowners - are not your standard 30 year fixed. The financing section of the book needs an update detailing the pros and cons of the newer and more complicated types of financing that are more common today. It does this to an extent, but it's insufficient. Also, the figures used in the book are completely unrealistic. Mortgage rates are very different and so are housing prices. Not a problem if you can handle the math on your own, but certain tables are completely obsolete at this point in time.
   
   Just one point on a personal note: This book really tells you about all the BAD things going on in real estate today. This isn't a fault - it's good to know about the million different potential pitfalls when buying a home - but it never tells you to put things into perspective. In other words, you can come away from reading this feeling very pessimistic and cynical about the entire process, which doesn't have to be the case. If you arm yourself with knowledge, a good attitude, and surround yourself with good people - namely the best real estate attorney and home inspector you can find - you'll find the experience isn't as bad as the book can make it seem.
   
   Best of luck!



5. Not every page is enlightening, but overall builds confidence in the daunting process.

5 comments about The Mathematics of Financial Derivatives: A Student Introduction.

1. Good Book but it lacks lots of basic information to understand the material. In order to solve the problems, you will use more Google that the book if you are new to this area.



2. This book is awkwardly written. Quite summarised, the approach used for discussing the PDEs is not familiar - see other reviews. The book as a whole doesn't fill any gab, e.g. it is not a mathematical finance book, definitely not., see Shereve or Neftcie for an example. On the other hand it is not a tools or recipes book for pricing derivatives. It doesn't do any function for me, just a waste of space. For every book I have - many, I can pick something useful from time to time, apart from that book, total waste. I am surprised of the book name, and who would be the target reader!!



3. I bought this book to learn about financial derivatives by myself. It is very easy to read for a first timer, no prior knowledge is required. It is also very comprehensive in its coverage of the subject. Overall it is a very good first book for the subject.



4. Wilmott's book was one of the first to tackle options pricing from a PDE point of view. The original book (now out of print) was a little more detailed and later superseded by this cheaper "Student Edition" overview on one hand and the "Wilmott on Quantative Finance" 3-volume set on the other hand. A per its title, this is an applied mathematics book, and therefore a minimal level of math is expected from the reader (so please, do not compare with Hull...).
   
   Taking a PDE approach, the book aims at presenting various methods for pricing financial options. While the first few chapters are pretty good at skimming the surface of the theory and laying down the key principles of options pricing, the book, in general, lacks depth. Many results (prices of barrier, lookback, asian, etc...) are given without real development or simply with a little "hand-waving". As soon as things get a little complicated, Wilmott just outlines the way forward and drops buzz-words.
   
   In that sense, the book, while attempting go beyond introductory level topics in some details, does not provide great insight into the more difficult areas of option pricing and, lacking courage, simply goes through what has become the standard presentation without adding much value. Not for beginers, but not for more advanced readers either !
   
   It is nonetheless an acceptable quick overview if you are looking for a refresher of key concepts. For a more thorough mathematical introduction to options pricing, You-Lan Zhu's book (for example) does a much better job at covering the PDE approach rigorously (proving for example some of the convergence criterias for the finite difference method, covering the linear complementarity approach as well as presenting other numerical techniques) without being overly formal.



5. maps one to one with many chapters in Hull. more elaborate derivations than Hull. Fixed income area treatment is very slim though. Good Buy for the Price.

4 comments about Options Markets.

1. This was our options text book at the MIT Sloan School of Management. For all the technicalities involved, "Options Markets" is relatively easy to understand and follow with plenty of examples charts, graphs and tables.

   John C. Cox and Mark Rubinstein also provide sage advice and recaps, even far into the book, for example:
   "for initiating and maintaining neutral positions:
   1. Never initiate a neutral position where one side of the position is unfavorable
   2. Whenever one side...becomes unfavorable, liquidate that side and replace it with another option with a favorable price
   3. Never adjust by buying an overpriced option or selling an underpriced option
   4. If possible, always adjust by buying an underpriced option or selling an overpriced option

   Although the book is a little old, the fundamental principals are sound and so well explained as to make this a truly valuable learning tool for puts, calls, market structure, general arbitrage relationships, exact option pricing formulas, and general option applications.




2. I bought this book 7 years ago, and just recently took it back off the shelf to read/reread sections related to my current work. Book is packed with explanations that facilitate understanding of these complex instruments. And it's nice to see how the binomial model is developed by its inventors. I highly recommend this book to all seeking to understand how to price and analyse options. The reason I gave it 4 stars was that book has an equities focus.



3. Always an up-to-date work. The excellent analysis of every aspect of options ranks it a must for the researcher (speculator or agent trader) in order to comprehend thoroughly the real nature and forces of the derivative instruments of the markets and obtain a strong infrastucture for consequent reading on strategies and technical analysis. Mathematics of the book are plain and worth reading to the last equation, for they prove to be the key to the understanding and valuation of any novelty work on the subject.The authors' state-of-the-art multiple remarks and explanations on options prices,their factors and sensitivity factors makes it an everyday's book, besides its academic value. A stand alone book for traders that once you get it is to be read over and over in sequence with any new techniques to be tested.



4. Always an up-to-date work. The excellent analysis of every aspect of options ranks it a must for the researcher (speculator or agent trader) in order to comprehend thoroughly the real nature and forces of the derivative instruments of the markets and obtain a strong infrastucture for consequent reading on strategies and technical analysis. Mathematics of the book are plain and worth reading to the last equation, for they prove to be the key to the understanding and valuation of any novelty work on the subject.The authors' state-of-the-art multiple remarks and explanations on options prices,their factors and sensitivity factors makes it an everyday's book, besides its academic value. A stand alone book for traders that once you get it is to be read over and over in sequence with any new techniques to be tested.

5 comments about Project Valuation Using Real Options: A Practitioner's Guide.

1. I purchased and used this book as part of my research on contemporary investment analysis techniques. Kodukula and Papudesu do a very good job of placing ROA in context with general valuation approaches, and explaining how it is accomplished in enough detail to equip working investment analysts to exercise the technique.
   
   Lets face it, no matter how you approach it, this is a tough and sophisticated topic to write about. While I was braced for a painful experience, I found this to be a surprisingly digestible piece of work, with good analogies used to keep the reader connected.
   
   As an added bonus, the beginning of the guide offers a useful review of other common valuation methods, their formulas, uses and shortcomings. I recommend this as a reference to anyone who must calculate valuation of complex initiatives - even if you don't think you will do ROA.



2. Some good material but I really found the writing style to be hard to follow and at times confusing. This is a bit of an obscure topic to begin with in my opinion but I think the authors could have done a better job of making the book more readable.



3. I have read a few other options books for "practitioners" and this book is the best. Very practical and usable. In fact, I read it in small pieces and still get a lot out of it. I thank the others for sparing us on the theory and not trying to sell something.



4. Dr. Kodukula and his associate have written a concise, understandable and interesting book discussing project valuation. I routinely recommend this book to my associates and students, and higly recommend it for students in the MBA tract.



5. Starting with an introduction to the real options analysis the authors take us through the traditional project valuations tools (which is a bonus) to the process used to value projects using real options analysis, on the way explaining the methods and computational techniques employed to solve real option problems and how real options analysis supplements the traditional tools.
   
   The detailed solutions provided for the various examples using ample figures and tables really help in understanding the application of real options analysis technique to project valuation.
   
   This book will be of great help to corporate executives, senior managers, portfolio, program and project managers who want to go beyond the application of traditional tools of project valuation, searching for newer techniques.

5 comments about Cybernetic Analysis for Stocks and Futures: Cutting-Edge DSP Technology to Improve Your Trading (Wiley Trading).

1. Don't bother getting his two previous books--MESA and Trading Market Cycles & Rocket Science for Traders--this book rewrites them both! I've programmed the strategies into AmiBroker with ease and have made custom tweaks with great success. Ehlers is up there with the great Welles Wilder who developed RSI and ADX in the 1970s.
   
   Honestly, I've read the book four times and refer to it often. Since I have a degree in electrical engineering like Ehlers, the book was manageable. If you're not a EE, then it will take much more reading if you want to understand the math behind his indicators. I can't begin to explain how innovative these indicators are. The EasyLanguage code is the most understandable; ignore the EFS code unless you use that software.
   
   Ehlers website ([...]) has several great papers that will lead you to rethink traditional indicators.
   
   I've found the Instantaneous Trend, Adaptive Momentum and Super Smoother to be the best indicators explained in the book. I created three super smoother difference indicators (SS2 - SS3) with 8, 13 and 21 periods--these are awesome (page 246 last paragraph). I also created a super smoother MACD with 8 and 13 periods (third order) with is very good too.
   
   Like any one indicator, there is no "holy grail" with Ehlers, but his indicators make superb inputs to neural networks, which are the holy grail in my opinion. Coupling Ehlers' indicators with cutting edge neural networks solutions like HyperNEAT will give you a "Matrix" moment.
   
   This book, although highly technical, will give you space-age tools in a blacksmith marketplace. Good luck and trade well!



2. The purchase of the book was easy and its delivery was prompt, even with the Amazon offer of free but relatively delayed delivery.
   
   This is the second book of John Ehlers, a well-established pioneer in cycles and trend analysis for the technical analysis of stock price behavior. It is for advanced analysis, and it is a sequel to his classic book of "Rocket Science for Traders". You do need a math aptitude and some programming experience to get the maximum benefit of both books. John also offers eratta and corrections for minor typos in the formulas as well at his Mesa website.
   
   Those who find this book of interest might also check on John Bollinger's classic book "Bollinger on Bollinger Bands", Steve Achelis' book on "Technical Analysis from A to Z", Steve Nison's book on "Japanese Candlestick Charting Techniques", and Martin Pring's "Technical Analysis Explained", Paul Murphy's "Technical Analysis of the Financial Markets", and "Technical Analysis of Stock Trends" by Edwards and MaGee. This is not a complete list, but a good start.
   
   Remember that no single book offers the Holy Grail of investment. Stay objective to balancing your background, because investing mistakes can be the most expensive education you will ever have.



3. This is a book clear and very easy to read, for me as physics research, and to my development is very useful.
   Strongly recommended.



4. John Ehlers newest title is sure to make even the brightest of brain surgeons quiver for fear of closing the renal artery prior to completing the operation. Other reviewers may diss this author but his latest book truly reaches for the stars and makes it. The chapters while short, are to the point and exquisitely illustrate the concept being taught. If you are new to trading systems the shortness of the explanations may be too short but for experienced traders and developers of trading systems they are long enough.
   
   Aspects of many indicators are reviewed with fresh insight added for several new systems not talked about in print before. Removing the lag is the traders dream. Many of the indicators shown do work although errata in the code does spoil some of the implementations given. Ehlers has provided for the keener updates on his website that corrects the mistakes, kudos here for doing the right thing.
   
   Overall Ehlers has done it again and this book should be a staple in any traders library. As for the wannabees wanting all the answers and sure fire methods, choose brain surgery as your career option. No one said trading would be easy but Ehlers has given more toolsets that a successful trader can use in a concise to the point book.



5. I have been trading for nearly 10 years now and have spent countless amount of time and money on books, systems, software and must say this the best book I have come across. With little creativity one can easy adopt ideas from this book to come up with a profitable mechanical system.

2 comments about Options for the Stock Investor: How to Use Options to Enhance and Protect Returns.

1. This book was recommended by an old-timer at Schwab. Worth the price but gives a false impression of how options actually work. Prevailing prices make most spreads, "stock price recovery" schemes worthless. I'm a Newbie, so use Salt.



2. In the past I had lost money virtually every time I ventured into the option's market. Thanks to this book I now understand what I had been doing wrong. It completely opened my eyes. I now understand how the market works. More importantly, I now know how to use options to my advantage. I still don't score a hit every time, but since reading the book I have realized a substantial net profit.

5 comments about Trading Without Gambling: Develop a Game Plan for Ultimate Trading Success (Wiley Trading).

1. It is a good read, lots of stuff are from other books though like "How to make money in stocks". Also too pricey.



2. This book is about two things; a "trading plan", and a "game plan", with the main focus on implementing the game plan (for those unsure what the difference is, a "trading plan" is your signal generation methodology and money management, while the "game plan" is how you actually implement your methodology on a day to day basis). If you are new to trading, and are looking for a book to learn how to trade on the stock market, then I suggest reading "High Probability Trading" first, as that will teach you about technical analysis, dealing with news reports, trend following systems, stops, multiple time frames, and the psychology and discipline you will need. If you've read a few books on technical analysis, and know what methods you are going to use to get signals from the markets but don't know how to put it all together, then "Trading without Gambling" is the book that will show you how to implement what you have learned and turn it into a trading methodology. This book was written near the end of 2007, when the stock markets crashed. As you read through the chapters of the book, the author shows many examples of a game plan being used on a day to day basis. It shows the thought processes behind each of the trades he makes, how he set technically correct profit targets and stops, and the how he created scenarios which told him when to get in and get out of a trade. I found this particularly useful, because it gives the reader the opportunity to see how an experienced trader makes decisions from chart analysis and implements them. The charts he uses as examples are taken from the Dow Futures at the time the market was turning into a major bear market, but written in "real time" so the author did not know the market was about to crash. Being able to see how an experienced trader manages positions during a crisis was invaluable, as any trader will undoubtedly go through similar situations in the future.



3. After have read Marcels first book (I rated it 5 stars, that book is the best) I wondered would could possibly go into this book that he didnt cover in his first.
   
   In this book he goes in a little deeper what you really need in your game plan and trading plan. The book is ok, its alot of repeating but thats not bad nescesary. I read all my trading books as it was school books, and then the reapeting is good. I defenetly DONT regret that i bought it and read it.
   
   So i recommend it and think that you will get something out of it, but if you havent read his first book yet do that first.
   
   Thanks!



4. This is an enjoyable book! Regarding some of the other reviews, it was definitely written in an off-the-cuff conversational manner.
   
   If you are looking for a serious, strict provide-specific trading rules/plans then this book isn't for you. If you actually enjoy some trading tales and dont mind some repetition - I would highly recommend the book.
   
   There is alot of good information contained within the pages, with plenty of reminders of what sets apart professional traders from amateurs. (hint: there isnt a holy grail. There is just creating your own game plan - trading it - and constantly monitoring your positions.)
   
   Simply put - if you are the type of individual who would like to sit down with a professional trader after the market closes, pick his brain, and drink a beer or two while listening to his thought process and hearing some good stories (the $8000 nooner is classic) - than this book was written for you. If that sounds like torture - take a pass and read his first book (High Probability Trading). Both are excellent. I am assuming this one shows his personality a little bit more, which I find refreshingly different! (Lets face it - most trading books are about as dry as an Arizona summer!)



5. I've read Mr. Link's first book "High Probability Trading" and also had high hopes for this one. Unfortunately, I found this book to be written in too personal a way with the author going off on tangents completely unrelated to trading on what seemed like every other page.
   
   I didn't mind when he discusses his bar business or family and how those things affect his focus on trading, but the book is laced with his side comments about how animal manure is contained in processed meat (p.74) or about how he knows a bunch of successful people who smoke pot (p.253) etc etc. He also talks alot about how he wrote the book and in what order and what he was originally gonna title the book in almost every chapter! I kept thinking to myself, "Who cares dude, let's get back to the trading advice"
   
   The book is full of these little anecdotes that I found extremely distracting. The author does state that he wrote the book like a conversation but I still found it annoying. Also, it's full of spelling and grammar mistakes and I wonder if those kind people at Wiley even edited it.
   
   Having said that, if you can get past the writing style, there are good nuggets of advice like in his first book. The chapter on drawing up scenarios was particularly helpful in demonstrating the authors thought process throughout a trade.