Trade-In: Wade Cook Posts $1.7 Million in Trading Losses

Before you plunk down $2,500 for Wade Cook's November Hula Moola stock-trading seminar in Hawaii or $4,900 for his Wall Street Workshop, there's one thing you should know.

The folks at Wade Cook Financial (WADE Quote) aren't very good traders.

According to a 10-K filed Monday with the Securities and Exchange Commission, Seattle-based Wade Cook Financial lost $1.7 million trading securities during the quarter ended June 30, reversing $700,000 in trading revenue in the year-earlier period. ...