Trading Books


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Trading Books sorted by Average customer review: high to low .

Trading
Pineapple Lace
Published in Paperback by Japan Publications Trading (2005-10-01)
Author: Nihon Vogue Staff
List price: $18.00
New price: $10.18
Used price: $10.51

Average review score:

Pineapple Lace Review
Helpful Votes: 0 out of 0 total.
Review Date: 2008-01-02
I think this is a great book for crocheters like myself who primarily work in string, and love doilies or table runners. I am not interested in clothing, so bring on patterns and as many as you can. This book is loaded with different styles shapes and textures. I learned by learning the language of written out patterns, but the visual experience in these diagrammed patterns is a walk in the park for those who have prior experience. I've got about 10 years of thread crocheting under my belt and this book is one that I enjoy. The pineapple pattern is one of the easiest to make and this book has a very large collection of them. Some require a bit more understanding, but I believe there are patterns for all levels of talent. And by the time one uses this book, I believe each will become an intermediate to expert if they are not there already. Enjoy!

Pineapple Lace
Helpful Votes: 0 out of 0 total.
Review Date: 2007-10-01
I love this book it caters for the beginner straight up to advance crochet patterns. I have no problems recommending this book for someone who loves pineapple patterns. Just great.

Pineapple Lace
Helpful Votes: 0 out of 0 total.
Review Date: 2007-01-10
Very, very pleased with this book, pineapples are one of my favorite items
to crochet.

Beautiful doilies!!
Helpful Votes: 2 out of 2 total.
Review Date: 2007-10-01
The doilies are really beautiful. All of them. Range in size from approx. 8" to 29". The photos are beautiful but the instructions can be difficult. They have some written instructions which, quite frankly, I don't understand at all. Either they are a style I don't understand or they are a poor translation. But they are also in that diagram style so you have to learn to read the symbols. Which is easier than I thought, so I don't mind. I've run in to a couple places I still couldn't figure out but I'm not an expert. I think the book is worth the money I paid. I look at it over and over and have started 5 doilies already because they are so so pretty! I should also say that most of the patterns are for round doilies but there is a triangle, a rectangle, a couple ovals and a pillow cover. I rated the book a 4 because it is so beautiful but the instructions can be sketchy. I really do recommend this book.

Wonderful
Helpful Votes: 3 out of 4 total.
Review Date: 2006-08-01
I used to get Magic Crochet pattern books years ago, that only had doilies. Later on they added other crochet patterns, scarves, sweaters, etc. which steered me away from them. I have not been able to find a doily pattern book with a visual pattern until Pineapple Lace: with complete diagrams. I would recommend to anyone who crochets, beginner or expert. It is so much easier to look at the pattern instead of having to read it.

Trading
Quick & Easy Japanese Cuisine for Everyone
Published in Paperback by Japan Publications Trading (2002-08-30)
Author: Yukiko Moriyama
List price: $11.95
New price: $6.76
Used price: $5.70

Average review score:

Just like in Japan!
Helpful Votes: 0 out of 0 total.
Review Date: 2008-07-03
After being an exchange student in Japan, I found myself longing for the foods my host mom made, and decided to try cooking them myself! (Despite my absolute inability to cook previous to this.) This book provides recipies that taste exactly like the foods that could be found both at my host mom's table and at Japanese restaurants. They're easy to follow, include lots of photos to illustrate each step, and allow for improvisation for ingredients that are sometimes hard to find. I recommend Quick and Easy Japanese Cuisine highly for those looking to start (or continue) a cullinary adventure!

Loved it!
Helpful Votes: 0 out of 0 total.
Review Date: 2008-06-04
I've looked through the whole book, read up, and even made one of the recipes so far. I'm the only child in the family, and I don't get to cook often, but my parents love when I cook Asian food, so this book made them happy when they saw it. Everyone loved what I made so far.

possibly the best cookbook I have ever bought
Helpful Votes: 11 out of 11 total.
Review Date: 2006-12-22
I bought this book from a Japanese bookstore in "Japan Town" in San Francisco on vacation. I am online now buying more for my friends. I compared this book with every other english language Japanese cookbooks in the store (and there were MANY). I found this one to be superior to the rest as it contained everything I would need to prepare meals. I should mention I have lived in Japan for 5 years and have a good feel for what is authentic. This book has allowed me to create some very nice meals at home approaching resturant quality of those found in Japan. I expecially like the pictures that show all the steps of the preparation including pictures of the ingredients. Also included is a section that shows how food is served (presentation on table).

Honestly, I don't see how you can go wrong buying this book. Its inexpensive and contains EVERY aspect you need to be sucessful: tools and utensils, knife skills, ingredients, recipies, and presentation.

Now I just wish I could find similar books for Greek, Italian, Thai, and so on...

-Steve Maercklein
Austin, Texas

Quick & Easy Japanese Cuisine for Everyone
Helpful Votes: 14 out of 14 total.
Review Date: 2005-11-09
I have been living in Japan for 3 years and we are about to move back to the U.S. One of my Japanese friends pulled out her copy of this book to give me some recipes. She actually bought it when she lived in the U.S. so she would have English language versions of recipes to give her American friends. She found this book to be very close to her mother's and grandmothers' way of cooking. The recipes are easy to follow and the illustrations of preparation techniques are very helpful even for someone without any prior knowledge of Japanese food preparation.

The best basic Japanese cookbook ever!
Helpful Votes: 6 out of 6 total.
Review Date: 2006-09-25
This book was given to me over a decade ago by a Japanese exchange student Kay, who stayed with my family. She was a wonderful guest and she even cooked some of the things in the book for us. This was the book which sparked my interest in Japanese cooking. I still use it to this day. It's a great basic book for someone just getting started and a good reference book for anyone who is familiar with Japanese food. It has some good timeless photos, especially for being an older book. It also has several black and white pages with photos and drawings of cookware, utensils, table setting, the various meal courses and a guide to tea. Overall, it's worth owning, fair for a coffee table book and wonderful in the kitchen!

Trading
Trading Places: The Best Move You'll Ever Make in Your Marriage
Published in Hardcover by Zondervan (2008-04-01)
Author: Les and Leslie Parrott
List price: $19.99
New price: $11.24
Used price: $9.17

Average review score:

Good Book That's a Bit Scattered and Unfocused
Helpful Votes: 0 out of 0 total.
Review Date: 2008-07-23
The idea of Trading Places is great--to have empathy with your spouse in order to help your marriage. The book is filled with good examples and specific advice in typical Parrott fashion.

But the book is written in a scattered writing style, where unrelated stories are strung together and concepts are sometimes poorly defined. The authors take just about any story that that could come up with as an example of empathy, even though many of the stories are really examples of kindness or sympathy instead of empathy. So they could better define the theme of the book, find stronger examples of the points they are making and then write the book in a less short-attention-span style to make it flow better. It often comes across like they each divided up the chapters by theme, then each clipped articles or did a Web search on the theme and tied it all together. Namely, sometimes it is disjointed and choppy and doesn't flow as well as it should. The positive side of that is that you can read just a page or two at a time and don't need to read chapters as a whole in one sitting.

Another suggestion is that the book may have been better if it would have been applied to ALL relationships and not just spouses. The idea of empathy could work with children, adult parents, siblings, co-workers, strangers we encounter, etc. Their focus on spouses is fine but often the points they make could be better applied to a larger group of relationships.

So it's another good book from them but could use some good editing and maybe more time devoted to strengthening their points.

trading places: the best move you'll ever make in your marriage
Helpful Votes: 0 out of 1 total.
Review Date: 2008-06-18
Excellent. Empathy is a must and this book oozes with how to get it and keep it in your marriage.

Wonderful Book
Helpful Votes: 0 out of 1 total.
Review Date: 2008-06-04
I loved this book; the Parrots have taken a simple concept--empathy--and made it practical, helpful, and inspiring. It's refreshing to read a book with this much depth that also turns out to be a very enjoyable read. I laughed out loud several times, had my mind expanded with some fascinating research, and had my heart convicted. What more could you want in a book?

Definitely worth your time!
Helpful Votes: 2 out of 4 total.
Review Date: 2008-05-15
If you're looking to deepen and grow your relationship with your spouse (or anyone else for that matter), you'll be challenged, encouraged, and motivated by the authors of Trading Places. Truly seeing things from another's perspective isn't easy, but Drs. Les and Leslie Parrott have given me tools in this book that have opened my eyes to more clearly see and understand the person standing in front of me. Don't hesitate to make this purchase--it's worth every penny!

Trading Places
Helpful Votes: 2 out of 4 total.
Review Date: 2008-05-09
My husband and I both read "Trading Places" by Drs. Les & Leslie Parrott and we recommend it to every couple no matter what stage of marriage you are in. Frankly, even if you aren't married this is a great book. It's for anyone and everyone because we all need more empathy in this crazy busy world where it's easy to forget to consider someone else's perspective. Read it.

Trading
The Winds Of Destiny
Published in Audio CD by R & B Trading Co (2004-08-31)
Author: Willie Tee
List price: $18.95
New price: $18.95

Average review score:

A heart warming story
Helpful Votes: 0 out of 0 total.
Review Date: 2007-07-03
My mom and I had the pleasure of meeting Willie Tee at his book signing in Chesterfield, VA. His description of the book intrigued us, especially the mention of tobacco fields and farming...something my parents can definitely relate to.
I read "The Winds of Destiny" while on a much needed vacation last week. It was very interesting and heart warming. The author does a great job introducing readers to his family members from the past and the present. I still think about the author's comical and touching stories and his positive messages throughout the book. I was also very impressed with his strong family values.
Thanks for such an interesting and uplifting read.

A Moving Saga
Helpful Votes: 1 out of 1 total.
Review Date: 2004-10-26
A moving saga!

I did not know what to expect but was moved by this somewhat moody saga. This story of a Southern family with its' unforgettable members: Uncle Leon, Granny, Aunt Shirley, Pa Daddy. The family secrets are definitely Southern style; they haunt the family for generations. The book is well written. I want to read more by this author. REVIEWED BY: Jo D Wright, In the Company of my Sistahs BRC.

A well written-must read!
Helpful Votes: 1 out of 2 total.
Review Date: 2004-04-05
I found this book to be extremely well written and captivating. I can suggest this book to a new reader without regret. You won't be able to put this book down. The story leads you through the author's families life and teaches heartfelft leassons as well and brining deep thoughts of how families can endure and stay whole. I am looking forward to Willie Tee's next book, and I believe you will feel the same way after reading The Winds of Destiny. Congrats to Mr. Willie Tee for creating such a great read!

Do you believe in the Supernatural?
Helpful Votes: 11 out of 11 total.
Review Date: 2002-08-15
I have heard many stories over the years about how the belief in the Supernatural is second nature to most southern African Americans. Reading this book made me question my belief in the existence of the Supernatural.

The Winds of Destiny written by noted author Willie Tee is a thought provoking and engaging book based on past true-life events in the author's family. The story setting is on a farm in North Carolina near Wilmington in the 1950s. Uncle Leon, the author's favorite uncle, was reared on this farm. The story opens during the tragic death of Uncle Leon in a trucking accident. There is a deep dark family secret that if revealed could affect the entire family. Coupled with beliefs in voodoo and witchcraft this novel takes suspense to a new level.

Uncle Leon was a man who loved life and encouraged everyone around him to live life to the fullest. Pa Daddy and Granny were Leon's parents. Granny was a strong black woman who helped to hold her family together. Pa Daddy was a strict and rigid man who believed that everyone should work.

Tee's true family story is one of great suspense. The scenes where voodoo was practiced were so descriptive. I cried and laughed while reading this book. I loved Granny for her strength and wisdom. Uncle Leon was my favorite character. This is one story you will always remember. Mr. Tee, I cannot wait to read the sequel.

I would recommend this book to anyone who is interested in reading true-life stories filled with suspense. Also visit the author's website for further information on this book and the sequel.

Reviewed by Dorothy Cooperwood

Definitly "Thought Provoking."
Helpful Votes: 2 out of 2 total.
Review Date: 2002-07-31
Mr. Willie Tee certainly knows how to weave a story. I was literally drawn inside this book through every phase of the story. I visually saw the uncle's truck go over the hillside and I cried as I imagined his fate and that of the driver of the truck. I sat at the funeral and grieved right along with the author and his family, and I feel that I have truly met his entire family. Granny (another character in the book) was absolutely delightful and I admired her strength and wisdom. There is a secret that the author shares about his family, but you must read the book to find out. When I finished this book, the characters literally haunted me for days. Thank you so much for writing this book Mr. Tee, and sharing it with the public.

Trading
The Bond Market: Trading and Risk Management
Published in Hardcover by McGraw-Hill Trade (1992-10-01)
Author: Christina I. Ray
List price: $75.00
New price: $279.99
Used price: $92.98

Average review score:

Useful and realistic
Helpful Votes: 0 out of 0 total.
Review Date: 2002-12-29
Book is great for those who want to know how bond trading really works, especially for those just starting out. Good for both salespeople and traders. However, the book is a decade old and has little on ETS and other recent developments. It also has many, many errors which are irritating, thus the 4/5. I should hope that these points are addressed in a second edition. It is otherwise well-written.

An indispensable tool to a fixed income trader or broker
Helpful Votes: 1 out of 1 total.
Review Date: 1999-01-15
The Bond Market, by Christina Ray was one of the first books I read about fixed income securities that really explained how trading really is in the real world. I am happy to find another copy on ADC. This was used as a text in a class in Grad. school and I lost the book. Highly recommended.

Incredibly Useful
Helpful Votes: 4 out of 4 total.
Review Date: 2004-12-09
There are numerous books on the bond market. Many are so dense as to be opaque. Ray's book is very straightforward and simple. It gives you what you need to know about the fixed income markets in a direct fashion. Excellent for professional and academic alike.

Professionally written, and most of all PRACTICAL!!
Helpful Votes: 5 out of 5 total.
Review Date: 1998-12-21
An extremely well written, concise and sometimes humorous explanation of how the bond market really works. I worked at the Chicago Board of Trade, and it is my opinion that Christina Ray truly understood the complexities and practicallities of the bond market in its entirety. A must read for anyone who thrives on information pertaining to getting the "edge" in an extremely competitive environment.

Excellent work - the best book to understand bond concepts
Helpful Votes: 6 out of 6 total.
Review Date: 1999-05-09
Ms.Ray focuses on providing a clear conceptual framework for understanding fixed income concepts. The approach is highly intuitive and reader-friendly. A must for anyone trying to get to grips with the concepts of duration, BPV, vols, forwards, etc....

Trading
How the Options Markets Work (New York Institute of Finance)
Published in Paperback by Prentice Hall Press (1990-11-01)
Author: Joseph Walker
List price: $20.00
New price: $15.00
Used price: $2.99

Average review score:

An excellent Book
Helpful Votes: 2 out of 3 total.
Review Date: 2002-09-20
Comprehensive, simple, full of examples - worth the money.

Good introductory book with plenty of examples.
Helpful Votes: 22 out of 23 total.
Review Date: 1999-10-25
Good introductory book with plenty of examples. Good layout too. Many different options trading techniques are discussed, each with an indication of how risky it is. It even suggests leaving some of the more advanced techniques to the professionals, or more experienced traders - good advice.

understandable explanation of why you care about options.
Helpful Votes: 26 out of 30 total.
Review Date: 1999-11-18
If i had to pick a book that explained the most about options to the layman in the clearest language in the fewest pages, this would be it.

a must read for anybody who wants to understand how to use options

Anyone Can Understand !
Helpful Votes: 4 out of 6 total.
Review Date: 2002-08-02
Yes, As a beginner I can confidently say I know what option is, it's uses and the risk involve. The Author did not only explain the principle but gave practicable example everyone can relate to. All in simple and plain English, you don't need to have been to a school of economy to know what an option is. With the help of this book, I can't look stupid when others uses terminologies relating to option. Keep up the good work Joseph.

Finally an option book to be proud of
Helpful Votes: 6 out of 6 total.
Review Date: 2003-03-07
Mr. Walker is clear and concise in his depiction of how the options markets work. He details various strategies and makes options investing understandable to those new to it.

In my 11 years as a futures investor, broker, and author, I have never seen someone with as much grasp of options investing as Mr.Walker and have the capability to explain it.

Trading
The Master Profit Plan: Your 5-Step Trading Plan Workbook
Published in Paperback by Trafford Publishing (2005-02-18)
Author: Vadym Graifer
List price: $44.95
New price: $33.58
Used price: $34.39

Average review score:

shortens learning curve, great practical book
Helpful Votes: 0 out of 0 total.
Review Date: 2007-11-23
This book is great, it puts everything in proper perspective. It usually takes a trader a few years before they understand trading philosophy, psychology, trading systems, trading tools and actual practical trading. It treats these areas in a proper sequence and provides a very practical approach unlike other trading books. It helped me identify my personality traits and focus on scalping. I have come up with my own trading plan and I hope this will make me a confident, practical and professional trader.

The Master Profit PLan
Helpful Votes: 13 out of 15 total.
Review Date: 2005-04-28
I wish that this had been the first or second book I read about daytrading for a living. It would have saved me alot of money.
Daytrading, at least for me, is tape reading, plain and simple. The book stresses that. Erase the outside noise and watch the tape. If your right, great, if not get out fast (no hard feelings, it's not personal).
Also, as discussed throughout the book, I finally forced myself to set up a written trading plan. I read it every morning prior to trading. It has helped re-inforce my discipline.
Very good book for daytraders. Especially liked the stories from actual traders. Seems many of us go through the same problems.

One Trader's Salvation
Helpful Votes: 16 out of 16 total.
Review Date: 2005-09-05
After trading full time for about 2 years, I was just about to give up and throw in the towel. I had to face the bare facts: I was losing money, plain and simple.

"What had I done wrong?" I was asking myself. "Haven't I read just about all the trading books everyone is supposed to read? Haven't I tried just about every trading system imaginable? Don't I truly have the passion for trading? Haven't I had several fairly long and satisfying winning streaks?" The answer was definitely yes, yes, yes, and YES again to all these questions. So, how come I'm not making it? That was the REAL QUESTION.

Then I heard about Vadym's new book, The Master Profit Plan. Intriguing title, I thought, so I bought a copy. And, to my pleasant surprise, after reading just the first few pages, NEW HOPE was already springing up in my heart. Here is finally a book that is NOT about how to implement somebody else's system, but rather a book about how to design and implement your own system! My own system! What a novel idea! The more I read, the more excited I became. I began to realize that the missing ingredient needed for my own success was to GET TO KNOW MY OWN SELF! What are my talents? My limitations? How much time do I have for trading? How much do I need to make on a daily basis? How much can I afford to risk per trade? Am I scalper by nature, or is swing trading better for me? Or maybe it's a combination of the two? Do I like breakout plays, or am I more comfortable with reversals? What data do I really need to track in my daily journal?

The author helps you answer all these questions, and many more, through the ingenious use of flowcharts (Mind Maps) that will help you quickly and easily map your own plan. There is much more to the book, with topics ranging from trading psychology to basic technical and fundamental analysis. And as a bonus, there are several real life success stories from other traders who have "found themselves" and are trading their own unique plan.


AND FINALLY, as for me, I've been trading successfully for several months now, and with a plan that is unique to me. Vadym Graifer's The Master Profit Plan has truly been this trader's salvation. Thank you for writing this book, Vadym.

Learning to trade for a living
Helpful Votes: 6 out of 7 total.
Review Date: 2005-04-28
Vadym is an accomplished trader, he consistantly takes money out of the market. So, here, in this little gem of a book, he outlines the steps that one needs in order to trade for a living. I can think of no better book addressing this matter for beginners or striving traders. Vadym, goes step by step on the most basic issues that are critical to achieve this mind set. Get this straight, not Vad's mind set, but yours and your trading style unique to you only. That is your edge. Read it and learn.

a great "big picture" trading plan book
Helpful Votes: 8 out of 9 total.
Review Date: 2005-06-17
This book is a great resource and really opened my eyes to many aspects of trading that I've overlooked in the past. The book shows the "big picture" and covers all aspects of trading (philosophy, psychology, tools, risk, trading system, etc.). I have read several other "total package" trading books but they all seem to leave out, or not emphasize enough, all the elements necessary to be successful. I've been trading part time for 3 years and I wish I had this book when I started. I highly recommend it for the beginner trader. I'm sure experienced traders will benefit as well.

Trading
Mastering Commodity Futures & Options: A Step-by-Step Guide to Successful Trading (FT)
Published in Paperback by Financial Times/Prentice Hall (1998-05-25)
Author: George Kleinman
List price: $55.00
Used price: $127.27

Average review score:

Masterly.
Helpful Votes: 12 out of 12 total.
Review Date: 2000-03-01
Very well written and even entertaining in places, this book has lots of nuts and bolts you won't find in other primers, like the best explanation of First Notice Day and Last Trading Day I've seen anywhere. The section on choosing a broker is not very useful, but everything else is. You get a good treatment of Fundamental Analysis in addition to Technical Analysis, and two chapters on moving average systems, which Kleinman considers THE most valuable trading tools. If you're looking to start trading futures (mastery takes 5-10 years), make this one of the first five books you read.

Excellent strategies- definitely worth picking up
Helpful Votes: 12 out of 12 total.
Review Date: 1998-08-04
Having read more than 50 books on trading and the markets, it took me by surprise to find so much fresh material in this one. The strategy overviews were great- like the flexibility value of synthetic calls and puts, the use of backspreads to profit from volatile moves, or the correct way to pyramid, to give just a few examples. I've found that a majority of books on trading are either largely autobiographical or else they only cover the same old ground in some form or another (cut your losses, let your profits run, don't get emotional, yada yada yada)- but this one actually offers fresh, workable strategies and valuable insights. If you trade, or are thinking about trading, definitely pick this one up.

Loved it
Helpful Votes: 4 out of 5 total.
Review Date: 1998-08-22
Kleinman takes the mystery out of the commodities market. I wish I would have had this book before I attempted my series 3! It would have made the process much easier. The NFA should make this required reading.

Enhancing ones chances for winning trades.
Helpful Votes: 5 out of 5 total.
Review Date: 1999-08-03
An extremely well written primer for the novice and polisher for the expert. An absolute plethora of information and advice for those at any stage of commodity trading. The "bible" for traders.

A must read
Helpful Votes: 5 out of 5 total.
Review Date: 1999-07-30
WOW. What a powerful, easy to understand book about the whole ball of wax. If you are looking for THE book on Futures and Options, how they work, the reason behind price changes and an easy to understand system to trading look no further! A heart felt thanks Mr. Kleinman on a real work of art.

Trading
The Online Trading Survival Guide: An Indespensible Handbook for Today's Wired Investor
Published in Paperback by Dearborn Trade (2000-11)
Author: Jack Guinan
List price: $18.95
New price: $13.42
Used price: $0.55

Average review score:

Concise, Intelligent, No Frills information
Helpful Votes: 0 out of 0 total.
Review Date: 2001-09-28
Good read. Solid perspective.

Guinan, ahead of his time at publish date, provides a look into what the remainder of the internet boom culture forgot - the internet is not about hype and 'new economy business' - the internet is a more efficient medium and tool for educated people to make educated decisions.

It's a shame more people didn't read this author's work prior to making critical investment decisions based upon the promise of the unrealistic gain of 'the future' but rather based on fundamental investment strategy within the actual markets.

Many should take the time to read this book in the wake of what happened in order to survive in the present market and prepare themselves for the future.

Outstanding insights into your On-Line Brokerage account.
Helpful Votes: 2 out of 4 total.
Review Date: 2000-12-12
Guinan's clarfies some of the mysteries behind your on-line brokerage firm by providing useful information for both the beginning and intermediate investor.

It's about time!
Helpful Votes: 3 out of 5 total.
Review Date: 2000-12-29
For internet and investment novices like myself, this book is golden! Helpful, simple, step-by-step instructions put me on a level playing field with the Big Boys. I can't wait to get started!

Must read for those about to enter the world of "e-vesting"
Helpful Votes: 3 out of 4 total.
Review Date: 2000-12-19
Well-written & entertaining, Guinan has captured the reader's interest. Informative, I would highly recommend to anyone contemplating the leap into on-line investing. Read it from cover to cover, then jump in!

Finally, online investing information that I can use.
Helpful Votes: 4 out of 4 total.
Review Date: 2001-01-06
It's obvious the author knows the ins and outs of online trading. With each chapter it's clear that he's been there and done that! He covers all aspects of trading online. If only I had read this book before I started trading. I could have easily avoided some costly errors...Thank goodness I have it now.

Trading
Options: Perception and Deception : Position Dissection, Risk Analysis, and Defensive Trading Strategies
Published in Hardcover by Irwin Professional Pub (1996-06)
Author: Charles M. Cottle
List price: $60.00
New price: $419.85
Used price: $98.95

Average review score:

Best book for options traders.
Helpful Votes: 12 out of 14 total.
Review Date: 2002-12-04
There are basically two types of options books: mathematical
books on valuation that tend to be filled with solutions
for ever more exotic contracts, and books for traders that
go over the practical workings of positions in various
concrete scenarios. Cottle is definitely of the second type.
There's not really much math in it, unless you're intimidated
by three-dimensional graphs. What it does have is an incredible
wealth of insight, from experience, into the tricks and the

exceptions--the rent-a-call, the dividend plays, contract
risk and post-expo deltas, complicated synthetics, the
interrelations between greeks.

That said, what moved me to write a review was to take
exception with a previous reviewer's comment: "No lazy
editing or prose here". The prose is okay, but the editing
is worse than lazy--it's horrendous. Flipping my copy open
at random I come to p.151-152 on Break-Even analysis. Try
finding column 7 in exhibit 4-23, or the supposed arrow in
column 4. It's all a mess. That's an extreme case, but
throughout the text, it's hard enough trying to pick up
the bond options lingo (futures in 32nds but futures-options
in 64ths--all "ticks"; and the different multipliers for
indexes and futures), without having to deal with missing
words, inaccurate references, etc, etc. But ultimately, working
to figure it all out gets you to understand it all the better.

With five years of floor trading as an equity options market
maker, and having read and reread and rereread... Natenberg,
Baird, Hull, Connolly, Cox Ross Rubinstein, Chriss, Taleb--and
others--I'd say Cottle is clearly the best book. That said,
however, I don't know how much use a non-professional--someone
who doesn't manage a large, actively traded book of options--
will get out of it. It should be intellectually rewarding if you
can figure it out. Maybe inspire you to go look for a minimum
wage clerking job in Chicago, NY, Philly, or SF to get abused
for a year or so and then maybe get a badge.

Excellent insights for the seasoned options trader
Helpful Votes: 14 out of 14 total.
Review Date: 2000-03-16
This book is certainly not a tome to learn about the world of options. The author gets straight to the meat of the attributes of options, and the repercussions of the risk they entail. So, I would certainly not recommend this book to a beginner - confusion and discouragement would likely result. However, once one has read some more straightforward option books, and gotten enough of a handle on options to have a good intuitive grasp of ideas like their volatility, multi-position strategies such as spreads, etc, then this book opens up serious opportunities. I'm very impressed with how the book is organized, the completeness of material, the examples (sometimes real-world based, which adds interest to a potentially dry subject). Much of the meat behind the materials is (rightly) mathemetical, so beginning calculus, and plenty of algebra and a fair amount of analytic geometry are definite prerequisites to really get a good understanding of the underlying concepts of ideas like "the greeks" and all the wonderful (2 and 3D) graphs presented. Lastly, I was very impressed with the accuracy of the data. No lazy editing or prose here. If you are contemplating becoming a "serious" options trader, by all means, read this FIRST. The price is small for the potential impact on your effectiveness in options trading. If you are already a serious trader, based on Cottle's observations (the "Perception and Deception" part of the title is no accident - consider the myriad implications of synthetic positions) I'd still be surprised if you don't learn something. I've read or scanned an estimated 30 books on options. I haven't found a peer for this effort.

Updated Review by the Author
Helpful Votes: 25 out of 27 total.
Review Date: 2004-01-13
Reviewer: The author, Charles M. Cottle *** charles@RiskDoctor.com
Although this original text was written for professional market makers, it proved to be a valuable resource for sophisticated retail investors and hedgers. I therefore created a new book, "Coulda Woulda Shoulda" (available for free download at www.riskdoctor.com) which borrowed about 80% of the original text and added more tools for non-professionals including an email dialogue with a relative novice, spanning 2 months. Most of the strict market making tools have been removed but will be resurrected in book 3; "Taming Your Portfolio" due out later this year.

Options Innovator
Helpful Votes: 8 out of 8 total.
Review Date: 2001-11-24
I read Options: Perception and Deception at least 3-4 times before many of the advanced concepts began to sink in. This is not a book for an options novice; in fact, I would suggest that most people read Natenberg's book on options prior to engaging in this incredible text. While many of the advanced 3-D graphs were beyond my grasp, I particularly liked Cottle's description of "real world" options positions, how he executed them and how he managed them throughout their duration. Of particular interest to many readers should be the concept of "gamma scalping", and the section on wingspreads and adjusting positions. This text is so far beyond "mainstream" options books, that words do not describe how important this book will become.

First Option book for professional Market Makers
Helpful Votes: 8 out of 10 total.
Review Date: 1998-09-14
An option book that provides both - theory & practical insights into option trading and making two sided markets. It is also a great help in understanding and organizing risk while trading options as a professional. A great book for new and seasoned traders as well as risk managers.


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