Stock Markets Exposed

I intend to invest as an options trader in the stock market. Should I buy this book?

I was on my yahoo finance page, and an advertisement had caught my eye. See, I am fairly new to the stock market and investing in general. The book I intend to buy seems fairly reasonable, and honest, but I am new to this field, and basically ignorant of it. I need someone to please read this entire article and please tell me if it seems legitimate, or not. Thank you in advance for your help, and please give me a professional opinion. Thanks a lot. I appologize so much for not leaving a link. The link is http://www.virtualinvestingclub.com/lp/vic-opt-7.php?adid=RM-300

Public Comments

1. Not knowing which yahoo page you were on, you might want to give us the link to the advertisement. Also you might want to go to Amazon and plug in the book title. There may be a lot of reader's reviews to help guide you. Hope this Helps
2. If you are not well deucated in the stock market do not get into options. Options can become completely worthless very quickly since the time frame is the essence of the contract. Stick to stocks until you know what you are doing. One step at a time and don't waste your time on books.
3. As stated before, one step at a time. learn how to walk before you run, you could fall and get hurt bad. Options prices change quickly and by a bigger amount than the stock itself. Get familiar with stocks then start with option level 1 then 2 and soforth (if you decide to get into options at all)
4. I strongly suggest you spend a lot of time learning about options before trying to trade them. You can start with some excellent free educational material at http://www.cboe.com/LearnCenter/default.aspx and http://www.optionseducation.org/ but I do recommend you read at least one good book as well. Some good books include Options as a Strategic Investment by Lawrence McMillan and Option Volatility & Pricing by Sheldon Natenberg <<<Should I buy this book?>>> NO! The advertisement pure crapola. Did you notice the disclaimer at the bottom of the page? "Except where otherwise specifically stated, all trades are based on hypothetical or simulated trading. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under-or-over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. ..." His results are not real. <<<I need someone to please read this entire article and please tell me if it seems legitimate, or not. Thank you in advance for your help, and please give me a professional opinion.>>> I am not a professional but I have traded options for more years than he has. He totally misrepresents many aspects of options trading. (He also makes some true statments that few would dispute.) ----- If you believe him when he says he can make 25% per month, thereby turning $5,000 into $1,000,000 in two years, consider this. At that rate he could turn that $5,000 into $200,000,000 in four years, $40,000,000,000 in six years and $8,000,000,000,000 in eight years. With eight trillion dollars he would be 100 times richer than anyone else in the world. However, after more than 10 years he has not yet made enough money to retire.