How To Write Covered Calls - An Ongoing Real Case Study! Message Board

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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: HC who wrote (1743)	4/17/1997 7:29:00 PM
From: David Walton	of 14162

HC, ON WADE COOK I have read Wade's book, listened to his audio's, veiwed his video, and talked with people in his office. They also sent me a sample of the info posted on their WIN bulletin board. In my opinion you don't need to pay $4000.00 for his seminar. It's just too much, because you can learn the information by his book and others. Wade Cook tends to focus to much on the positve. He acts as though you make money 95% of the time and only lose 5% of the time. Any experience options trader will tell you it just isn't so. To illistate my point, look in his book Wall Street Money Machine and read about all of his defensive strategies. There aren't any real discussions about what to do when you lose money. I think the book is great however for getting you thinking about the market. And I think its great when talking about using the market as a business and dealing with monthly cash flow, but its just the beginning. regards david

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