 "Another book with old ideas" - MachTrader | August 25, 2011 1:28 PM |
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There are some good ideas that you can rescue from this book. Therefore I think you should buy it since you can make much more money and certainly recoup your small investment if you employ 2 o 3 good tips.
Any way, from my point of view a trader must always read as much as he can. There is simply no other way to prepare one self for this difficult yet incredibly rewarding activity, but to learn and put into practice as much ideas as you can, at least by paper trading first.
The are a lot of books on the subject, however many of them where written 2 o 4 years ago and that kind of makes them obsolete in this constantly changing field.
The internet offers great places where you can learn more specialized trading techniques. One of those places that I have found to be worthy is ProfitableStockmarket dotcom.
They focus mainly on momentum trading and employ a rather simple yet effective strategy. I think that for a trader to survive and be profitable, its neccessary to keep their trading as simple as possible. To much confussion and technical indicators will most of the time make you slow in your decisions and froze you up when a good opportunity is right in front of you.
In the end it's all about buying or selling with out hesitation, and doing it over an over again according to your set ups. |
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A 350-page book of which the last 238 pages are appendices, a glossary, and an index. 125 pages of the appendices are nothing but a listing of NASDAQ stocks, symbols, and sectors. Buy IBD instead for $1.00. Including the first 112 pages, you will find much info, but very, very little substance and discussion. It's but a compendium of data. Don't buy this book, if you are seeking knowledge about how to trade. |
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 "Is this person real??" - johnshrugged | February 11, 2010 4:21 PM |
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Is this person real? A ghost writer perhaps, a down on her luck novelist turned trader author?
The Worst book ever the subject |
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I can't believe people are still uninformed enough to be "gambling" in the markets and not utilizing options.
Do you know what is better than Day Trading? Going to Vegas with $100 in quarters and flushing them down the toilet in your room one-by-none. Why? Because once in a while the toilet will back up and you will feel like a winner. This is much more fun that the pain day traders typically experience.
My advice. If you are going to day trade, use options as a hedge or do so with options instead of stock and futures. Just my opinion, but it has been proved that less than 6% of day traders make money trading which is the exact odds of being a professional Blakc Jack player in Vegas.
I am not trying to sound negative, but rather determined to make 2007 great. Those interested in a better way of trading can look at the option book reviews. |
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| "Too many outdated books here" - skytoast | October 13, 2006 2:16 AM |
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I cant believe this book can still be found selling at full price in retail bookstores across the country today. It so old and mostly useless. The "Trading for Dummie's" series of books are more useful than this one. I dont know why they still publish this title when the market has moved on... |
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