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Read the online remarks about the author, the ones that him and his lawyers have not been able to get pulled down. The sites w/ the heaviest content against him and his practices are all eventually pulled down by threats and letters.
Instead go read William O'Neil - anything. |
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 "Not bad for beginners..." - jaywiddison | September 06, 2011 5:19 PM |
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This book is mostly a book of analogies. A lot of the information is very valuable, but not necessarily new or cutting edge. Market psychology is something that the majority of traders struggle with in their careers. This addresses that, but not to the degree that it will change a lot of people's approaches to the markets. It's a good starting point, but needs to be followed up with something a little more substantial. |
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 "Not a good buy" - ar1zona | September 23, 2010 1:29 PM |
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This is actually the first book on day trading I bought, and I bought in the few months of trading. Even as a new prop trader at the time I don't find this book particularly useful. Like many trading books out there, it has roughly three parts:
Part 1: psychology stuff, except it is not very useful for a beginner who can just break even, but fine, lets assume this book is for experienced traders, but read on...
Part 2: some candle stick reading techniques, now this is really Day Trading 101, you type in "candle stick" in google and you get more patterns than what you got in this book
Part 3: a walkthrough of a few trades, pretty much examples using the stuff in Part 2. Not a lot to comment on this part.
I am not saying this book is not useful at all. But it seems like it lost focus, I only found less than 100 pages useful to me and I can easily find these 100 pages anywhere online. So please read the table of contents before you choose to buy or not. But honest, I highly doubt a "master trader" would ever need the tools described in this book. |
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| "Great book from a real trader" - GBH | June 29, 2010 7:09 AM |
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An honest look at the business called trading Oliver bares his soul to teach you the in and outs of the biz. An honest trader who holds nothing back. Highly reccomendef |
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Actual tactics are low probability set ups which I can easily come up with on my own. |
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