V. 8:14 (536-537): 100 Million Dollars In Profits by Nelson Weiderman, Ph.D.

V. 8:14 (536-537): 100 Million Dollars In Profits by Nelson Weiderman, Ph.D.
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100 Million Dollars In Profits by Nelson Weiderman, Ph.D.

Author: Kelly Angle

Windsor Books

P.O. Box 280

Brightwaters, NY 11718

Price: $50.00

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?

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