Rating: 
Summary: Glamorous book for beginners but WATCH OUT!!!!
Review: I was a novice with absolutely no experience in stocks or options when I bought this book in 1996. After reading it I felt that stocks and options were the way to instant wealth, and dived into the stock market. I bought and sold stocks, rolling stocks and wrote covered calls and played stock splits. I traded extensively (by 1997 March I had made 1872 trades and been bumped up to level 2 option trading at Schwab)How did I fare? I started with 25,000 and built it up to 53,600 in about six months. This was during a bull market when any stock or option I picked shot straight up. I got a bit crazy with visions of becoming a millionnaire in a few years and I started making riskier and riskier plays without doing any research. By the beginning of 1999 my account had shrunk to 4,000. Since then using a lot of research and minimising my risk, I have built up my account to 13,000. Reading this book was good in taking away my fear of entering the stock market. However Wade strategies fail in a bear market. That is why he personally loses money on stocks. All his money he makes from selling his useless seminars. If you do a web search on Wade Cook you wil hear about other people that are convinced that Wade is a crook. This book is dangerous because it gives you a false sense of security when really it is very simplistic. I sympatise with people who went through his system and lost money that they could ill afford to lose. Wade employees write stories of 11 year old kids making millions and that is what convinces people to shell out money for these courses. Thank God I did not take his courses in spite of some very aggressive marketing. This crooked enterprise must be shut down If you are using this book to trade remember STOCKS CAN AND DO GO DOWN
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Summary: Wade Cook is not to be trusted.
Review: I've read the book, and it's pretty obvious he's a con artist. The good reviews are either his employees/friends/cronies, or they are lucky. I actually went to their office and pretended to apply for a job a while back. In the interview I was asked if I'd be willing to lie to callers about how my personal money was performing. I said absolutely not. Surprise, I didn't get the job. These people are thieves, they think nothing of ruining peoples lives so they can make a profit. Save your money and go elsewhere.
Rating: 
Summary: Some solid advice and some smoke and mirrors!
Review: Wade Cook should have stopped at the point he starts going on and on about the seminars and you could be the next Bill Gates by the end of the year. He does however give some good advice when applied properly (i.e. bottomfishing and covered call writing) although to go after cheap stocks and apply these principles to companies with shady or no track records is a mistake for novice investors. Be careful how much stock you put into this book. Like everything in life if it sounds to good to be true...
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Summary: I CONFESS
Review: I worked for Wade for about a year. I was hired in to run the investment research staff. I took a pay cut to go to work for him thinking I would make up the difference in commisions and Bonus. I had high hopes of being able to make the same kind of returns he was talking about so the low salary didn't phase me. I began to try Wades strategies in a corporate account. I was allowed to use 50,000 to get started. I did covered calls, rolling stock and options. Within 5 months the 50,000 had dwindled to 18,000. the worst news was that I had more stock experience than any of the instructors and was able to do technical and fundamental analysis on the stocks I was trading. The other instructors and research employees ALL lost money except for one instructor using a long term approach. I also lost 25,000 of my own money playing these short term strategies. I assisted in keeping records of the daily stock purchases and sales. I was also in the room when Wade would come in and say " I want ten trades out on W.I.N. this morning from the trading department" Or "I want you guys to make 50,000 today" Since I couldn't make money on trades I began to speak as a seminar instructor. This was alot of fun! I was fortunate enough to meet hundreds of people that signed up for the seminar. When I started hearing about their losses, I became depressed and after much sole searching left for my old job. Some of the worst times were when students would call me and say that they lost 10,000 or 20,000 and up to 50,000 using Wades strategies. My job then was to find a flaw in their investment strategy and point them to the correct way that Wade would have done the deal. To put this in to context. I have 20 years of investing experience through self investing and investment clubs. I do know how to read a chart technically and I do know how to anaylze stocks for growth and strength. I am not stupid or slow but I was made to think that I was inferior because I couldn't make the strategies work. Since I returned to my former job my salary is better my home life is stable and I am not depressed any longer.
Rating: 
Summary: Knowledge is Power
Review: I read at least 50 reviews before I bought this book. It was hard to decipher all the noise, between the boundless enthusiasm and the trash talk about "Wade Crook." I bought the book and read it, and it was absolutely great for my purposes. Don't be mislead by some of the negative reviews. If you actually read the book, you find that Wade Cook does not claim that he invented these techniques, as some of his detractors either state or imply. He learned the techniques, and is now willing to share them with others. I don't have any idea why a guy with a finance degree or who is already a broker would buy this book, unless they wanted to teach the techniques to their clients. This is a lay persons book that teaches some sound principles according to my full service broker, including the advice to get a good full service broker. I have not found any other books which teach these techniques in such an understandable way. This is not a book for heavily seasoned and experienced stock traders. This is a book for anyone who wishes to do more with his/her money than give it to a money manager and hope for the best. And he publishes his own books? Somebody thinks that this is a stain on his teaching. Give me a break. If he has the knowledge and the capacity to get this book into my hands when a main stream publisher wouldn't, good for him. Knowledge is power. In our society, we either figure things out on our own, or pay for the knowledge. I'm glad Wade Cook allowed me to pay for some of his. No, I do not work for Wade Cook. I am a physician who is tired of being ignorant of how my money is being invested...and I appreciate the cost of education.
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Summary: DON'T DEGRADE, TRADE WITH WADE!
Review: This book is fantastic! Wade Cook has done it again! By utilizing the quick and easy to follow steps outlined in this book I have increased my monthly earnings by over 40%! I used to live paycheck to paycheck. Sometimes I'd even be short at the end of the month no matter how efficently I tried to budget. Cook shows you how to generate cash flow in the past you could only dream of! I shared this book with my sister who was having her share of monthly problems. And now her flow has steadily increased too!!!
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Summary: Wade Cook Publishes his books
Review: If you read the 'Synopsis' that means you read what Wade Cook wrote about his own book. He owns Lighthouse Publishing, therefore, he is a publisher. Also, this book is nothing but a big advertisement for his seminars.
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Summary: THANKS FOR THE NEW JAG WADE!!!
Review: I wanted to buy a new Jaguar. I always wanted to own one but could never afford it. Well thanks to Wade Cook I have realized my dream! I bought WALL STREET MONEY MACHINE 8 months ago and used his strategies outlined and made huge returns, In fact, I exceeded his 300% return!! I started with $1500 and within five months it swelled to just over 80k! using Wade's "Options on Stock Splits" strategy. I just read STOCK MARKET MIRACLES and BEAR MARKET BALONEY and am ready for some "DEAD CAT BOUNCE" "DEAD BABY FLOAT" and "BOTTOM FISHING" "MONEYSACKING" and "GREEDLAUNDERING". I can't understand all the negative reviews here. Perhaps some of you out there can't comprehend the strategies. I've made big, BIG, MONEY using Wade's cash flow systems!!! BUY THEM ALL NOW AND MAKE LOTS OF MONEY, MONEY, MONEY!!! I did!!!
Rating: 
Summary: GOOD INTRODUCTION TO THE WORLD OF THE STOCK MARKET
Review: I read many of the over 70 reviews in this site. Many I suspect are from Wade's people (many of the 5 stars). However I must give the man credit. I read the book when I knew nothing about the stock market. I also bought the audio tape version of his seminar (which is overpriced). I also bought Steve Wirrick's Options audio tape course. All-in-all I think they are a GOOD introduction to trading, particularly to the more aggressive strategies. HOWEVER Real life is different than that painted by them. If you are planning to trade, buy and read this and perhaps his other books. Listen to the tapes. Do not go to his expensive seminars, and buy and study books by other authors. You will realize that Cook and Wirrick are a good introduction, but that other more experienced authors should be studied. I am now reading books by George Fontanills and Lawrence G. McMillan on options trading. Buying simple calls and puts I have done over 60 trades as suggested by Wirrik. I have essencially broken even. Insight from the two new authors has made me realize that the former two were too simplistic. So read, enjoy, but study further. Good trading!
Rating:
Summary: Truely Amazing!!!!
Review: Just think how wealthy Warren Buffet would be today if he used Wades strategy. Give me a break! Don't buy this book. Buy a Coke instead.
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