Title: Look before you leap!
Product review: Want a successful formula for writing/ selling an investment book? Promise readers that they can make a lot of money with little work and retire in under a year. This is exactly what Wade Cook claims repeatedly in his book without backing up his claims with hard numbers. Beware!I am a professional trader and I sell options as part of my investment activities. When you combine the potential for unlimited losses with leverage you are lighting matches in a fuel tank. Do not be lulled into thinking it's an easy, sure-fire way to make money. It takes a lot of time and experience. There are no shortcuts. If you take in $1.00 of premium and the stock drops $2.00, you've lost $1.00, period.If you do insist on trying any of Wade's unoriginal strategies, do yourself a favor and either paper-trade or trade in very small quantites until you develop a feel for what's involved. This, by the way, is another thing Wade fails to suggest in his book.
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