100 Million Dollars In Profits
by Nelson Weiderman, Ph.D.
Author: Kelly Angle
P.O. Box 280
Brightwaters, NY 11718
From its title, one might conclude that 100 Million Dollars in Profits tells a "get-rich-quick" story
expounding high-risk strategies of little practical value. This would be a mistake, however, because the
title is only a lure. The subtitle, "An anatomy of a market killing and a realist trading plan," hints there
may be a practical treatment of commodity trading. This book consists of two parts. The first part, "The
story," deals with how Kelly Angle's father turned a small fortune into a large one by buying gold futures.
The second part, "The trading plan," is a practical guide to trading commodity futures.
Angle's father is a Texas oilman who is affectionately referred to as "The General." The story relates how
he accumulated a fortune of $100 million (on paper) and then closed out $54 million of this in his first
trading experience. This part is interesting reading and a good attention getter but does not provide any
hope for the common man. How many of us, in our lifetimes, will be able and willing to bet the farm (in
this case, $2 million) and pyramid it into something like 2,000 gold contracts during the equivalent of the
1978-79 bull market in gold?