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The Complete Option Player
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Top Customer Reviews
Most of this book focuses on various naked strategies which work great in certain markets, but can be instant death in others. Also, there is very limited information on resources to use in your research.
From a literary point, the flow of the book is quite good, so I could see someone reading it from cover-to-cover. If you are a self-help person, you'll love this book, but you will still have the same issue that after you finish it, you may feel better, but you aren't any smarter.
Go do some searches on the web for info. Optionetics.com, optionvue.com, and 21stCenturyOptionsEducation.com are all good places to start. _The Stock Market Course_ by Fontanills and Gentile (Optionetics) is great and for general trading info and an attitude adjustment, check out _Trading for a Living_ by Elder.
The book is just a retelling of the simple option strategies that other authors have adequately covered. No vision and no new angle.
I have bought other books that were easy to understand and got to the point. I used the Amazon Top 10 option bestsellers to find the best books and have only been disappointed by this one. At least I can return it to Amazon for a credit and buy the right book next time.
Retire Mr. Trester. It is time.
I subscribed to the newsletter service and lose money on every trades, the strategies did not work.
My greatest reason for speaking in favor of Trester is simply this: he takes some of the long upheld principles of sound stock investment and translates them to options investing. That alone gives the book value. In addition, he shows you how it is possible, using options, to generate a regular income instead of simply buying stock and generating income when it goes up, though that is not necessarily a bad idea. Until I read this book, I would have only thought that possible with a business or real estate. I was wrong and I'm grateful.
Having said that, the shortcomings of the book are equally revealing. The comprehensiveness of the book actually works against it. While it was very enlightening to learn about futures contracts and their related options, it was not long before I ended up skipping all those chapters because Trester (rightly) warns of this as soemthing only much further down the line. Thus anything beyond a brief introduction (and the book goes WAY beyond it) to this area is a waste of pages.
Furthermore, I was disappointed by the scarcity, almost complete lack, of number work. Trester instead recommended using the included charts, using a piece of software (namely HIS software), or subscribe to his newsletter (he has another one that may or may not have replaced the one named in his book).Read more ›
The part that bothers me about his Website newsletter: his exit points--which he says are so important in the book--are nonexistent on the Website. It's not very well presented, and I would give his newsletter a 1: pretty risky, low returns.
I think I also do better trading on my own than I would with his help from looking at his current issue and archives. I papertraded a couple of his trades, and they're not doing all that well. STICK WITH THE MOTLEY FOOL!! At least they prorate your subscription if you don't like it!
There are NO refunds for the newsletter.
Most Recent Customer Reviews
The best way to say how I feel about this book is to concur with another review of the book "From a literary point, the flow of the book is quite good, so I could see someone... Read morePublished 5 months ago by paul morris
kindle version.. is robbery.
Author refers to many figures and charts in explanation but none is shown in the book.
what is the point of buying the kindle version... . Read more
For a discipline that is, of necessity, founded on basic mathematics the straightforward errors found in the first data set he presents are worrying. Read morePublished 20 months ago by Anonymous
this book more about accepting options from an employer than buying and selling in the option market. rather misleading titlePublished on February 10, 2013 by J Gee
This is a great book. I was losing money with options until I did what was outlined in this book. I would recommend it to anybody.Published on August 12, 2008 by Amazon Customer
Good solid information about options trading. It is indeed 'Complete'. I am annoyed, however, that this 'revised and updated' edition persists in using antiquated fractional... Read morePublished on April 23, 2006 by Chick RIchie
If you are a fan of Lawrence McMillian and love to thread through pages of frivolous information, you probably won't enjoy this book. Read morePublished on September 27, 2003 by Dan Mentzer