Book Review: The Trading Method That Can Make You Rich – by Roy Kelly
July 14th, 2008 • Related • Filed Under
Priced at $195, used copies almost unheard of, this book with its almost ‘cult-like’ following has intrigued 
me for years. I finally decided to buy “The Trading Method That Can Make You Rich” and see what the fuss is all about.
I received in the mail one of the first copies of the second edition, hot off the press. It’s a large sized, hardback book with about 230 pages. The pages are well laid out with lots of visuals, making it easy on the eye.
As I began reading, I started to feel a breath of fresh air. I don’t know about you, but I often find trading books are either hollow waffle, or so damn complicated that they give me a head ache. This book was quite frankly a relief.
The book reads as though its sensible and real. Its simple without being simplistic, yet has the weight of 30 years of proven technique. You just have to open a chart on your computer to see that the method is immediately applicable.
The first third of the book is background information for understanding the method – different market theories, and chapters explaining cycles.
The real meat begins on page 91 with two chapters devoted to teaching the theory of the method – one chapter for long entries and one for short. Later there are 60 pages dedicated to real-world trades using the method. You get to follow Roy Kelly’s thought process as the trade sets up, then follow it through to completion. By the end of this section its hard not to be excited about loading up the charts and starting to trade.
So having read the book, is it worth $195? Well here’s the answer from two different perspectives. Firstly in comparison to its competition. How many books or courses have we traders bought over the years from $20-$30 promising a trading method that ended up being absolutely useless. I know that in my early years I almost single handedly supported Amazon.com’s share price with the amount of books I purchased! So yes this is a bold book – to price itself at $195 – but the fact is that the method works! What’s better, 10 books at $30 that you turned around and sold again because they were rubbish or one book that lives up to its promise?
From another perspective, if you study this method carefully, practice it, and get the hang of it in the live market – you’ll make back the $195 with your first trade with change to spare, so from that perspective its a bargain.
The most interesting measure of this book for me, is that its very hard to find a used copy. The people that have purchased it and are trading the method don’t want you to find out about it!
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Comment by Tom Humes on 14 July 2008:
Nice Site layout for your blog. I am looking forward to reading more from you.
Tom Humes
Comment by Rick on 16 July 2008:
Does one need to buy the Kelly indicators to use the method in the book? I would imagine so, as most trading books are written to advertize the author’s products.
Comment by Mo on 16 July 2008:
Hi Rick,
Actually you don’t need the Roy Kelly Trader Tools to trade the method in the book. However, having said that the indicators in the Floor Trader’s Tools package certainly make it a lot easier.
I’ve used the indicators for years to trade my own methods and swear by them.
All the best
Mo
Comment by Allan Harris on 16 November 2008:
I haven’t read this book by Roy Kelly, but having just looked at his website, he seems to be more into the vendor business, selling books, software, whatever, then in trading. With trading being just about the best business on earth, why or why would someone prefer to sell stuff then trade? Color me skeptical.
Comment by milt tomkins on 16 November 2008:
This is a great book.!.I will quote from it in my thesis about hedge fund trading strategies. I also learned a lot about hedge fund trading strategies from 2 other great books. Hedge Fund Trading Secrets Revealed..by Robert Dorfman..and Confessions of a Street Addict of course by Jim Cramer..written before he got really famous..both are riveting and very informative. You should check them out if you like reading behind the scenes stuff about hedge fund and what methods they use..….. my winning ratio is now better than ever.
Comment by Darell Shaffer on 19 November 2010:
I have the book, the indicators, and attended Roy’s seminar in Los Angeles in September. If you think you can “size someone up” by looking at their website, and decide they are not really a trader because they have some trading products for sale, you don’t really have the mind of a traders. Roy is a first rate trader with a solid system, and he is willing to teach it to you, for a substantial but honestly fair price. I made back what I paid for the book, the indicators and the seminar in my first month of trading. But by all means be skeptical. That just leaves more on the table for me to pluck…
Comment by Mark on 17 April 2011:
Brand new, mint condition — The Trading Method That Can Make You Rich – by Roy Kelly $195
Selling it a used book in mint condition for $156
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