TWMPMM II Review

 Written by a commodity broker/ former Ken Roberts course counselor

There are two versions of the TWMPMM II, the original, which was first published in the late 80's and a revised version in 1999.  This review will be on his more recent version, although I have taken the original as well.

The course includes a 112 page manual, 6 audio cassettes, 1 video, 1 workbook, 1 seminar guide book 1 set of daily commodity charts, 1 set of monthly commodity charts, and finally 1 special edition TWMPMM II newsletter.

The first half of the course manual goes over some of the basics of trading options on futures (what they are and how they work).  He does a much better job this time around on explaining how time, volatility, and intrinsic value make up the premium of options on futures.  The course has some short term option trading strategies, but mainly focuses on long term option investing using his OPIP (Option Profit Insurance Plan) strategy that was taught in the original TWMPMM I course. It was nice to see that Ken Roberts spent some time on using options on futures (instead of a stop-losses) to help offset potential downside risk in trading straight futures. His other programs have always mention this strategy, but never went into detail about how it actually works, and what the costs and risks are.

I feel that the program is easy to understand and should give the reader enough knowledge to begin their paper trading.  It is my understanding that Ken Roberts is no longer selling TWMPMM I or TWMPMM II, although they are still available through ebay and other second hand sources, making them an even better value.

Nicole Whitcomb

There is a risk of loss in Futures Trading.  Past results are not indicative of future results.