About George Angell
George Angell is a well known active trader and stock market education author. He has written many books on a variety of topics, covering everything from Options to Futures trading. George Angell has consistently received rave reviews for all his books. This is due to his ability to present material that’s appealing to both novice and experienced traders.
Angell takes an interesting approach to writing about investment strategies and his methods. He relies on his experience as a floor trader at the Chicago Mercantile Exchange to develop engaging examples. He has been known to say that floor traders are the most knowledgeable group when it comes to short term price movements, as opposed to outsiders.
His most popular books include, Winning In The Future Markets: A Money-Making Guide to Trading Hedging and Speculating, Sure-thing Options Trading: A Money-Making Guide to the New Listed Stock and Commodity Options Markets Sniper Trading: Essential Short-Term Money-Making Secrets for Trading Stocks, Options and Futures.
Typically, his older books have received more praise than his latest work, Sniper Trading. The book was criticized for being rather disorganized and thin on content. Readers have complained that the main strategy of the book on two leg trading is not anything new or unheard of.
Aside from his generally positive reviews there has been one scandal involving George Angell that has harmed his reputation. In the mid nineties he was marketing a computer system based on his LSS trading system.
In his advertising he stated that the examples and proofs in the program were conducted using real time testing, however the CFTC (Commodity Futures Trading Commission) trial would reveal otherwise. It turns out the methods were only back tested, making George Angell guilty of several infractions, most importantly defrauding customers. The findings of the commission were issued in 2002 and since then many traders have turned their back on Angell’s products.
6 ‘George Angell’ Reviews
I bought the package of "Sure thing Option Success For everyone" , and I regret what I did 5 seconds after I got the book.
There is one item in the package "George Angell's 90 Day Free Access". It didn't come with the book, rather it said on the receipt (came with the book) that they will EMAIL me a week after the order, which is about 5 days before I got the book. When I asked a few times for this, this is what they said "The access pass is not access to a website, it allows you to get support for the program from us and send us questions to answer" , totally surprised!!! what they will email me if I didn't ask?
Also the DVDs are not working, the support person said that my dvd player may not working properly even I told her that I tried on 3 computers and 2 dvd players.
the worst part is the book itself, nothing worth ONE CENT. I learned option my self through free online courses, much better than his.
You can find much better information about option trading strategies FREE online.
His book has much less info than you get online, again FREE, the fonts is probably 24 and only have about 50 pages. You can't follow his examples which just tell you what the trade involved ( like sell one and buy one for spreads), there is no info why you choose that strike, why use $1 spread , why choose this month. just show you what a call buying (for example) looks like. NO technical or any analysis!!! NO SECRETES AT ALL, free online info will give you much more SECRETES than his.
Also the paper is hard to read, very poor quality of print /copy, very blurry.
The DVD is horrible, just the pictures of the pages in the book, plus one man in pink shirt READING the words on the paper, no illustration, no graphs.
Make your wise decision!!!
Hey Guys! Just wanted to say hello to the new community :). Thanks for letting me in! :D
The true wisdom of George's Trading methods never cease to amaze me. I love it when people bring up the LSS Software incident. Maybe he shouldnt have written some of his claims. Fact is you can prove it to your self dayin and day out, that Sniper numbers are a beautiful thing. Ive been trading since 1996 and have studied about everything out there. Today, May 14th, 2010 I missed calling the S&P Mini target by 1 tic. the 1st leg that measured 65 tics,and so did the second leg. Give or take a tic. Nice profit and out by 10:30 am central. And for people who say its a simple 2 leg system, thats right....keep it simple. Sometimes what can be written in one paragraph can be worth the cost of the whole coarse. Again LOOK FOR YOURSELF!!
I was one of those traders who not only bought Angells' LSS system but spoke to him personally on the phone about my account size, trading experience etc. This was during the time the full size S&P was $500/point. The system had you risking maybe 7 points a trade. My account was $20,000. and it was a short lived experience. The point I am trying to make was that not only was his system flawed but he was essentially full of BS for even recommending it to someone who at the time didn't know better and the risk for each trade as a percentage of the account size was waaaay out of line-for this I neither forgive him and believe the guy belongs in jail instead of Florida. He is definitely a worthless P.O.S. and being called a scammer is a mild moniker...