Review: Investment advice for toddlers
Rating: 1 out of 5
Date: 04 10, 2014
I only paid 99 cents, so I probably should not complain.But this book is an insult to anyone who can count to three and just a waste of your time since the information contained is just the most basic and obvious.It's not only pretty useless but following his advice can be quite costly to you. He suggests to enter a buy order at the ask price and a sell order at the bid price. Sure, this is a way to get a fast execution but you can get ripped off pretty good when the bid/ask spreads are wide as this is the case very often in options. He adds to the misery by mentioning stop loss orders on options. This is the way you finance the yachts of market makers.Strategies? The only one the author seems to know is purchasing options. Well, he mentions also writing cash covered puts. That's it.There are much better books out there, even in ebooks. Check out the books of E. Olmstead, Jeff Augen or Tim Haddock. They will give you solid basics and profitable trading strategies.