Option Books

This is the best book I read on derivatives till date. I am a novice in finance but have a good understanding of maths. Mr. Andrew has done a fabulous job in explaining derivatives complexities. I would recommend this book to anyone interested in finance.

This book is what you expect from the title. It is a clear concise guide to understanding the logic and execution behind derivative trades. These principles can be used for trading but even more so for corporate finance executives to handle everyday currency exchange problems or to hedge against potential volatility in the future market. I read this one for a class first but am eager to pick up the Capital Markets book too.

If you are interested in starting on derivatives instrument this is one of the right books.

As other reviewers have said, this book is an excellent introduction. You'll need to look elsewhere if you require more depth on any of the topics, but this book excels as a concise, clearly written overview of derivatives.

You will need a little bit of working knowledge on the subject to fully understand the contents of this book but I would say that this book is one step up from beginners level. It is very easy to understand and follow if you take the time to read it carefully.

This book is a fantastic resource for investors who are new to convertibles, convertible experts and everyone in between. It provides a great breadth of topics as well as a perfect amount of depth. It covers the full range of convertible products, the theory behind them and convertible investing strategies. I'll be keeping this book handy.

Hart Woodson has put together an easy to understand guide to convertibles. The book covers all aspects for hedge funds to outright purchasers of the product on a global basis. In depth enough for the seasoned professional and yet basic enough for those trying to understand convertibles for the first time.

Quite a few books have been written about the specialized subject of convertible securities, but Hart Woodson has distinguished himself by writing a comprehensive book that includes all of the latest types of convertible securities as well as the latest strategies--in plain language that a beginner could comprehend, and with sophisticated equations included for the sophisticated quant. Better still, the book is not simply an ad for convertibles nor for his employer, Gabelli Asset Management. The pitfalls as well as the potentials are described. Hart can write. Hart has broad experience. He puts it all together in this practical book.

A must read for anyone interested in a clear and consise review of all the relevant information regarding this timely topic. Mr. Woodson demonstrates his precise and broad understanding of all the issues surrounding convertible investing, and presents such knowledge in a profounding easy to read fashion. This one shouldn't be missed. Clearly one of the authoritative sources out there!!

I am unsure what book the rest of the reviewers are reading; but it was not this one. The book is not only ambiguous, but poorly crafted with topical transitions sloppy. I can comfortably say that there is not a single section of the book that adequately unveils the dynamics of various convertible instruments or their pricing. Indeed, the book reads more like a glossary than an explanatory text and for persons new to converts, the spate of regurgitated pricing theories will likely do more harm then good. Perhaps the one strength of the text is that it serves as a broad reference for readers truly interested in converts to seek out more educative pieces. For more informed readers, modest incremental knowledge seems to be the only gain.

Saved a whole lot of money by buying this book online as opposed to the university store. no complaints at all

Dr. Chance did a excellent job in carefully introducing the concept and outline of derivatives markets to students with basic business school training. I used the 4th edition in my undergraduate course couple years ago, and built up a solid conceptual understanding in this field. The newest version still keep its pleasant style and contain some thing more about risk management.
This book offers the best introduction to undergraduate business school students or MBA student who need not to work with financial derivatives much.
But for those non-business students wants get into mathematical finance industry, to buy a book only for concept intro may not a economy choice. Refer this book if you find the first half in Hull's "Option, futures and other derivatives" not clear enough.

I dislike Don Chance both as a person and as a writer. I find him arrogant and intolerable and that bleeds through into his writing. So, yes, I am biased.
I highly recommend instead that you seek out John Hull, a much better author, he has two books; one for undergrad and another for grad (which is the 'bible' on this subject).

This is an excellent book for non finance majors who would like to grasp the physical concepts behind different derivatives products traded in the OTC markets. The book is ideal for a preperation read for all aspiring to take Financial Engineering / Derivatives as majors in graduate programs.

If you are a student just taken up a course in derivatives or risk management you should have this book. if you find john hull more technical, you have Don Chance who covers options and other derivatives in a greater detail and in more words. everything you want to know about how banks etc have risk mangaement systems in place and market risk instruments is here.

in case you want a greater coverage of options and pricing options, you should definatly take a look at Black Scholes and Beyond by Neil Chriss, a work of art.

The pages turned quickly. This book does a good job of presenting the different views currently and historically held about the Millennium. I did not find Grenz practicing any overtly biased writing toward any particular view. I found the information to be very helpful. The most striking and interesting information gleaned from the pages was the apparent impact each view has had on society. It is so obvious once brought to your attention, and also somewhat disconcerting how each view can effect ones behavior and that of society. Each can and is classified into Pessimistic, Optimistic, and Realistic. It is definitely recommended for anyone who is or will be studying eschatology.

Easy to read and offers excellent summaries of the various eschatological viewpoints and their histories. Very interesting. Definitely worthwhile. If you're interested in learning more about the various approaches to the End of time, this book is for you.

I have read several books by Stanley Grenz and I like very much his writing stile and the way he provides an abundant and excellent documentation on the subject matter he is writing about.

other reviewers here give good overall information - I just want to add that Grenz asserts the amillennial position so readers will be aware of what to expect.

I have always loathed eschatology. All the date setting and charts, mil's and trib's made my head spin and just seemed to be a distraction from the heart of the faith. However, when I was finally forced to tackle it, I (unsurprisingly) found myself in able hands with Grenz. He is even handed, biblically literate, historically comprehensive and, ultimately, relevant.

He conducts biblical and historical surveys of postmillennialism, dispensationalism, historic premillennialism and amillennialism with balance and insight. (I actually found the postmil chapter the most interesting as my unilateral association with it and old line Liberalism was patently discredited). He closes with two profound chapters about how any of these millennial positions will impact personal and church theology and practice and finally some thoughts "corporate eschatology." Very much recommended if you are planning to tackle this subject.

This book could very well be the `Death and Life of Great American Cities' of the 21st century!

The author, a specialist in real estate development and not in urban planning, explains how government policies and standardized real estate products have supported the growth of drivable suburbia over the past decades.

He demonstrates with refreshing arguments that `walkable urbanism' is actually favoured by a large portion of the population and challenges the market and governments to respond accordingly.

This concise, well-written eye-opener is light-years away from the rehashed New Urbanism discourses and should absolutely be read by all concerned with the future of our cities!

Christopher B. Leinberger's book put a name to a desire I have had in my search to find a new home. I wanted a place where my family had the option of walking to most of the day to day places we tend to visit - school, post office, drug store, grocery store, barber, dry cleaning, coffee shop, bookstore, etc. It turns out the name for this is "walkable urbanism" - it's a return to an older time (pre-car) neighborhood, in terms of property value it has a premium compared to drivable suburbanism and there is a small movement making it more popular.

This book from a real estate professional offers a logical and positive view of "walkable urbanism" without bashing drivable suburbanism that has dominated the landscape for the past fifty years. It provides a historical context to how we got to where we are and why the next phase will be a return to "walkable urbanism". The benefits to mitigating climate change and eliminating dependence on foreign oil are obvious. However the additional benefits of personal health and feeling a part of a community are also just as appealing.

In _The Option of Urbanism_, Christopher Leinberger documents the history of both urban ("walkable urbanism") and suburban ("drivable sub-urbanism") settings. Before WW II, most people lived in cities and towns where most of their needs (shopping, etc.) could be met via a short walk, or perhaps, with public transportation.

After the war, the big swing was to the suburbs, due to several factors. Government and financial-institution policies tended to favor the suburbs, freeways, single-family housing and shopping malls....and discouraged any meaningful pro-urban development--at least until very recently. Nowadays there is a considerable demand for more dense housing, with destinations within walking distance.

Although Leinberger is very much in favor of urbanism, he does talk about some problems with it (affordability/gentrification is a big issue with some of the newer urban developments). Neither does he call for the suburbs to cease to exist, although he warns that some suburban developments may be hurt by the shift to the cities, rising gas prices, etc. (This book was written right before the current mortgage and gas price crises, and we're starting to see their effects on certain suburban areas as I write this)

I met Chris Leinberger 13 years ago when we began in earnest to address how we were growing in Atlanta. He was knowledgeable, articulate and helpful then, and he continues to be so today. I have borrowed extensively from this new book of his in helping people to understand how growth and development issues relate to each other, why we must pursue walkable urban development, and what the multiple benefits are that derive from this approach to development and redevelopment. This book is well written, is appropriate for lay persons and "wonks" and can be read in just a few sittings. Thank you, Chris, for a terrific resource at such an important time in our nation's development history.

Great book. I lived the phases of walkable neighborhoods to driving-suburban. Now we have return to sustainable, walking neighborhoods especially with the gas cost.

As I grew up, I felt supply and demand dictated growth. This book explained government and economic factors that influence development.

good read

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.

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"!

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

Any student or trainee having to study this topic really should buy this tutorial.

Having a degree in Mathematics and a professional accountancy qualification did not prepare me for the explanations of Black Scholes to be found in most text books.

They may have got a Nobel prize for their option pricing model but Black and Scholes were never going to get an award for clarity of explanation.

Having grappled with this area for a few months, I decided I needed a little more innovative help; hence my purchase of Jerry Marlow's interactive tutorial.

Two days later and I feel I could go for the next Nobel prize myself!

So many things click into place so quickly, it's marvellous.

Jerry gives his email address which I had to resort to for one query. He answered most helpfully within a couple of hours.

I suspect that it helps to have had an overview appreciation of the area before starting the tutorial but this shouldn't deter first timers from starting with this.

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...

I only discoverd this pretty old book recently. I am suprised to find there are quite a lot of trading tips. What make this book stands out of the crowd is the tips were very concrete and practical. The discussions about exit and stop loss are parcticular good. Many other books just said cut the loses quick. How quick? When? This book gives you some hints. The authors also give some tricks in using indicators which I hope I could know earlier.

This book is a must read for Trading System Developers. The concepts can be applied to many markets. The section on testing alone is worth the price of the book.

www.iExpertAdvisor.com

This book gets a 4 stars rating because of its expensive price (the book is only 220 pages and full of empty spaces). But, price is always subjective. You may treat it as the cost of your education.

Anyway, what makes this book so very valuable is the fact that it is easy to read, clear, definitive, and yes it has so many valuable information on what parameters to use for each indicator. How many of you left confused on what parameters should be used? This book will definitely clear away the clouds in your mind.

LeBeau has done extensive research on indicators such as ADX and his insights on other popular indicators are extremely valuable.

The title may be slightly misleading because bulk of the contents is explaining each technical indicator (120 pages), while only 45 pages on explaining how to build a trading system. Yet, it is clear and concise.

The final Chapter is also valuable. It deals with 12 Day Trading systems that the author has selectively chosen out of all day trading ideas he has or has received from other great traders.

I ran across my old copy of Chuck LeBeau's comprehensive guide on tools and indicators that are used to analyze the markets. As I thumbed through this book I was struck by how relevant all of Chuck's work is to today's active trader and investor crowd. So much of what Chuck talks about is still in use today. In fact, even though he wrote the book for Futures traders, those who trade stocks, options and even Forex will find this work to be highly useful. I believe some of it may evolved into Chuck's current project as head of research for Smartstops.net. If you want to find out what indicators are out there and how to use them in order to gain an edge, I highly recommend this book. Most importantly, you'll be able to sift through hundreds of indicators that are, by default, installed on every trading platform and identify just the small handful that will make a difference in your trading or investing.

I know Charles Lebeau. He does occasional system seminars with my father Dr. Van K. Tharp one of the "Market Wizards" and author of Trade Your Way to Financial Freedom. Charles Lebeau is a great trader. When anyone ask me about a technical indicators book this is the one. Charles is very through. He noticed the best traders in the industry are usually right 30% to 40% of the time. They just cut their losses short and have these huge winners. Charles tested most of the major indicators against random entry i.e. (Flipping a coin) most of them don't do any better. Your exits, psychology, and money management determine if you are making money or not. Don't pay too much attention to your entry. This book explains his results and how to use each indicator. Almost any indicator will work with proper money management. I done well even with flipping a coin and the right stop. The indicator best for you is one you feel comfortable with and will stick with. BUY THIS BOOK and hopefully what I wrote may make some sence to you.

I trade equity options. I have read a lot of books about options. Basically, once you have read McMillan's book, none of the other option books have anything to add. Except this book.
This book shows some original thinking; it's not just the same old thing about bull spreads, etc. The book advocates more than just selling puts to get premium or to use as a method of buying stock at a discount. He explains how you can sell puts on solid companies and buy stock of other companies with the premium you brought in. He really got me thinking, and I have gone from his ideas to developing some of my own.
This book is well worth reading. Read it to get ideas on how to use puts for your own advantage. Learn something new.

I picked this up ... at a book clearance sale, if you have to pay more pick another title. First of all the author says he sells puts (contracts agreeing to buy a stock or index at a set price until a specific date for which you receive a premium) to buy stocks in his investment account. There is not a single example in the book of a trade he executed this way. Instead he fills about 1/4 of the book with hypothetical computer runs assuming you had sold every LEAP contract over a multi year period. That is just a silly example for the individual investor. That is akin to comparing all of the insurance coverage written by Prudential with you writing a policy on your grandma.

Second he gives you numerous pages on how to calculate Volatility and Black-Scholes, etc. What is missed is that you want to be selling Puts and Calls when Volatility is High, and most option brokers do this calculation with a computer. As for Black-Sholes, the calculation is easy to find on the web, but any "advantage" that it may provide is used by insititutions who can rapidly scan the whole market and quickly correct any price imbalances. Unless you enjoy crunching financial formulas by hand, this section is filler at best.

Finally, his stock selection and risk control methods are questionable at best. Think Enron and realize that even "independent" reviewers like Morningstar and Value Line had it well rated up until the bitter end. If you dont already have a solid stock picking methodology, you should not start buy selling options. The notion that a reader should do anything other than sell an option that is 100% covered by CASH is the same as endorsing the methods that bankrupted many very large traders, banks and hedge-funds.

If you are looking for investment ideas Getting Started in Options may be a good place to START. Throw in Peter Lynch, Justin Mamis, and Andrew Tobias for good measure.

I saw this book in the book store, and spent some time there reading the first few chapters. I was so interested in his ideas, that I purchased the book. It's well-written and not at all dry, unlike some other investment books.

The author starts off by telling us how he had been able to amass a decent-sized portfolio over the years. He had a couple of hundred thousand dollars saved away, all invested in good long-term stock investments. He wished there was a way he could generate more income on-top of his already solid investments.

He started out by selling covered calls on some of his stock portfolio. That worked for a while, but he soon became frustrated that some of his best performing stocks were being called away, while he was left with a portfolio of poorly performing stocks. That is one of the down sides to covered call investing.

So he tried selling put options instead. Selling a put option is when you promise to purchase a stock at a specific price. In exchange for this promise you get paid a premium up front.

The author has found a lot of success picking solid companies, with sales and earnings growth, and selling put options one or two years out (LEAPs). Most of the LEAP puts he sells expires worthless, thus allowing him to keep the premium as profit, and sell some more long-term puts for more premium.

Most of the book deals with his back-testing data for this theory. He tests different quality stocks, different expiry dates, and different strikes. All in an effort to find the best overall results. In the end, some of his data suggests that selling long term puts at a strike price below the current price on the highest quality stocks has a 95% plus success rate.

If this type of theory interests you, I suggest getting this book and studying the theory and data for yourself.

In his book, Dennis Eisen describes exactly one way to trade options: Selling Puts, namely LEAPS (Long-term Equity Anticipation Securities). What makes this book so interesting to read is that Eisen starts with a general overview and then goes into a level of useful detail which I have not seen in any other book on options yet. He explains how options are taxed, how the margin requirement is calculated, and what actually happens when options are exercised/assigned. This knowledge you normally have to acquire in years of practice but Eisen just spreads it out in front of the reader. Despite the level of detail the book is easy to follow, and I finished it in two days.
What makes the author very likable is that he writes in the "I" form, i.e. he writes from his experience, and not with the claim to know the absolute truth.
The book is divided in three main parts: Part one covers the basics, part two takes a quantitative look at the risk and reward of an actual system, and how you can improve your odds, and part three lists formulas and computer codes. There is also a big appendix with over a hundred tables of put premiums calculated with the Black-Scholes-Formula. The book is rounded off by a bibliography and Eisen's favorite web sites (some of them are outdated).
The main reason why Eisen prefers long-term puts (and long-term meaning up to 30 months) is that they are less risky. Due to inflation and the fact that good companies increase their earnings over time thus driving their share price up, he feels that long-term options are less likely to be assigned. For this, he is willing to sacrifice quite some put premium as the following example shows: For an American Option (stock price = strike price, volatility 0.3, dividend rate 3%) the premium for a 15 months-put is $11.46 yet for the 30 months-put it is only $15.06. In other words, although the time is twice as long until expiration, the premium increases by only 31%. In proportion, the premium for a 6-months-put is even higher, at $7.71. This is because options lose most of their value in the last months before expiration.
Here I would deviate from the author's system, I would always prefer to sell two consecutive 15-months-puts for $22.92 or even five consecutive 6-months-puts for $38.53 rather than one 30-months-put for $15.06. By rolling them out and down I would try to prevent being assigned too many stocks.
Are there any downsides to this book? Not really. One thing I did not understand is how Eisen can put the premium which he earns into a cash market account at 6% interest rate. (This contributes an important part to the profitability of his system). In chapter 4 he explains how much margin is required: The whole put premium plus 10 or 20% of the underlying stock price. So how can he put the premium into a cash market account when he has to keep it as a margin? My online broker will give me less than 1% on my margin account.
And one thing I would be looking forward to: Since this book was written in 2000, it could use an update. Then Eisen could test his strategy with a longer history and real data (he had to calculate backdated data because LEAPS had only been existing for seven years at the time this book was written), and update some of the web sites and bibliographic data.
But altogether this is a great book, and it deserves five stars.

I really enjoyed reading this book. First, it's very condensed and well structured. The author gives a very good overview of stock options, then he explains his strategy (basically it's selling long term naked puts). Because in general selling naked options is considered to be risky, the author explains in details why his strategy is actually a low risk one. He includes the raw data he used, the programs and formulas and the results and their interpretation. The books is written from an individual investor point of view. What I really like about the book is that the author is not trying to avoid or downplay the areas of concerns. Actually he is doing exactly the opposite. He is trying to find and address the weakest points of his strategy and prove his points. Overall, it's a great book to learn about stock options, especially the LEAP puts strategy.

This is one of the first books about VaR and so became widely used and read by everyone interested in market risk management. Good as an introduction and to have a good overview of VaR but if you need more detailed information this book will not give you the answers.

Cannot think of any other book that gives you the basics and beyond of VAR. As an MBA student I liked most the practical examples. Mathematical stuff is kept to a minimum, even though it can be sometimes quite demanding. Jorion is one of the laeding academics on VAR. He "defends" the properties of VAR very well after some criticism on VAR (see Nassim Taleb's web page).

Dr. Jorion's book formally introduced the concept of VaR to me several years ago. It's written so that a novice in risk management can understand the concepts with ease.

A great book.

This provides an excellent overview and introduction to VaR and issues surrounding it. A must read for any body involved with financial risk management.

Jorian clearly has practiced before he began to preach. I found his work to be essential in designing and implementing a var methodology for the electricity forward market. The examples he gives of the failures to measure and control risk are illuminating and entertaining. I have recommended the book to others and they have agreed that the book is excellent.

This is well written and gives you a great sense of what actually can and probably does happen behind the scenes in the world of trading.

I found this book to be supremely helpful. It's difficult to pin down precisely what the book says - - I think it requires several careful reads for it to "sink in." But this is definitely one of the TOP books I'd ever suggest to a friend interested in trading.

This is a reprint of "Dancing With Lions", a 1999 book I already had on my bookshelf. I Liked it better the first time I read it, but maybe that is because I am a better trader now. Or maybe it is because some of the material is somewhat dated. "Dancing With Lions" suffered from poor editing. This book is better, but there are still mistakes. I would not have bought this book if I had known I already had it.

I give this book a cautious (3 star) recommendation because there is so little available from people who really know how to trade. The author also has an audio course, "The Art of Evolving as a Trader" which I do not recommend.

This book has some really great things about it, and some really iffy things about it. If you do not know, then this is a reprint of the book "Dancing with Lions" written by the same author. I have never read that book, but I was drawn to read this book when I heard some people I know mention it, as well as after I read this guy's other book: 28 rules that work (something like that). Here is the break down:

PROS:

-This book has it; it has the key to trading, and it is right in front of your face. If you pick this book up and throw it down in disgust, you missed something very important. One of the leading causes of trading woes is when people do not understand the true nature of the market. After reading this book, pick up some Mark Douglas, or Rem. of a Stock Operator, or any other book you know that is packed with trading wisdom. You will start to see points from this book in those. Once you understand truly the nature of the markets, then right action becomes self evident, and to not make money in the market, you have to TRY to not make it. Once understanding comes, you will flow with the market and all the riches you imagined can be yours. But do you understand its true nature yet?

-I liked the way this guy told stories, and although some of them were pretty outrageous, without speaking to their validity, they were entertaining. I also think his stories got the points across.

-Some really great lines in this book that point to deep truths about both the markets, and reality. "There are only two realities, yours, and the right one." Also, when talking about the fact that when two people trade, they both believe totally opposite things, he says (I am paraphrasing): "That little thing that makes you believe your trade is right, that is why you lose." These sayings have some really deep truths to them, but you have to truly understand reality, as well as the market for these truths to set you free. This book has these truths, and discusses them in a way that can give you an understanding if you are open to it.

CONS

-This book, while probably better edited than the earlier version (from what I have heard), still is filled with quite a few mistakes. Mostly harmless things, like forgetting to put a space or two after sentences, or some small spelling errors. Still, it is not up to this publisher's standards and the errors in this book should be redone.

-This guy is a pretty sarcastic dude at times. It is actually a bit mind-boggling because at times, he seems very wise, and at others, he is like a closed off Neanderthal. A lot of his stories seem like bragging, but then he acknowledges this and this can be confusing about his intentions.

-It can seriously get annoying with how many times this author says "I wont go into that, but you know," "I wont say the name of this, but you know," or something to that effect. This happens once or twice, its not a big deal. But this guy does it quite a bit, and you start to wonder why he has to do this in the first place, what is he trying to hide? The cloak and dagger stuff he does is the exact opposite to the confident trader that he is trying to portray. Plus the book isn't that long, what is another few pages describing things you mention? This can be all very confusing, and sometimes exasperating, almost like a wise man who every once and awhile turns into a child. But I do not know this guy, nor the circumstances under which he wrote the book, so whatever floats his boat is fine.

Conclusion:

I would say, no matter the downfalls of this book (like mentioning 100% winning traders; seriously? I mean even if you know one, why mention it, its entirely unbelievable), it does have wisdom in it, and it has the type of wisdom in it that you CAN come back to. At its price, it is a no-brain buy because I know for a fact, you can come back to this book and its message will fit what you are currently experiencing. Like all great wisdom, a lot of people will not see it on the first, or even the second run through. That is fine, just keep it on your book shelf and know its there, and one day, you may decide to pick it up and it will speak to you.

That great line "You will Know the Truth, and it will set you free" really is the essence of this book. If you are struggling trading, the truth is right in front of your face, and it has been waiting for a long time to set you free if you open yourself to it. I know I have had to get smacked with a loss bat numerous times to open my eyes. If you are at the point where you are totally exasperated with your performance, your are angry with yourself and your emotions, pick this book up and KEEP YOUR EYES OPEN.

This book is monumental and it will lead to a paradigm shift in the way you look at trading and conduct technical analysis. As the author stated in this book "trading becomes effortless and a way of life (borrowing his words "meaning of life")."

It's just an incredible transformation process you will go through as you study this book and finally get his points. During this transformation you will look at market and price movements more objectively, subsequently, to exploit market volatility.

The author is brutally honest and straight forward in telling his story, which I appreciate immensely. There're sections of the book you may find irrelavant to what you are seeking, please (PLEASE) don't let it or the author's sarcasm distract your search for gems in this book. He knows what he is talking about, he has the "secret", and he is the master of this trade. Respect it, appreciate it, and read, re-read, and study this book until you understand and grasp his point of view - they are priceless!

I am eternally grateful to the author for sharing his journey of life in this book. Trading is not about techniques or price, it's a MIND thing! Trading is not hard, it's US - who we are - that makes it hard!

Thank you, Jason!!!

PS. You can also google and read his interviews, columns, and broadcasts on the web. I find them helpful.