The Option Advisor : Wealth-Building Techniques Using Equity & Index Options
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| Customer Reviews |
Average Rating:
Rating:  - Overall a decent book.
The option Advisor is a decent book on options. It gives a good market view on options trading. However the Authors' monthly newsletter The Option Advisor, has a very bad track record. The Author offers a 3 month free trial to his newletter in the back of the book - be careful puting your money into these trades. One should track the recommendations over time, to see how they do before putting money into these trades.
Rating: - Whining hasn't made anyone ANY money!
I find it funny how many negative things I have been reading here and I have a few comments. First, this book is GREAT? In 4 months I made thousands of dollars by following Bernie's strategies. Second, he actually TEACHES how to do something with your money that isn't confusing, unlike many other money making strategy books. Third, he STRESSES over and over that you MUST CUT YOUR LOSSES when they hit 8% and let your winners run to overcome the deficit.
I wonder how many of these negative people that have posted angry messages here were too emotional and let their greed or fear get the better of them while making investment decisions attempting to follow Bernie's advice? I learned a long time ago that being negative and only talking about the problem and not a SOLUTION to the problem is NOT the way to live life.
Please read this book, and FOLLOW HIS RULES. It does actually work. And don't listen to Forbes, for crying out loud they have to hate anyone else that might actually compete with them and make them look bad. How many of you have made a dime off of what Forbes magazine taught you? I haven't. Read this book...it works, but ONLY if you work and FOLLOW THE RULES!
Rating:  - Great Technical Analysis
Only 50% of the book is about options. The other 50% concentrates on how to use technical analysis to find winning stocks. It is probably the best book for the beginner and intermediate trader. With the Technical analysis, it can be used for both stocks and options. It belongs on every trader's shelf. The reason it didn't get a "5 Star" is that he really doesn't go into closing a position if the trade is going the wrong way. I pretty much had to learn that on my own. I have read it cover-to-cover 3 times and certain chapters at least 6 times.
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