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Books : Momentum Stock Selection: Using The Momentum Method For Maximum Profits

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Binding: Hardcover
Dewey Decimal Number: 332.632042
EAN: 9780071376778
ISBN: 0071376771
Label: McGraw-Hill
Manufacturer: McGraw-Hill
Number Of Items: 1
Number Of Pages: 240
Publication Date: September 29, 2001
Publisher: McGraw-Hill
Sales Rank: 363422
Studio: McGraw-Hill



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Product Description:


Proven techniques to improve market-timing accuracy



Written by internationally recognized trader, author, and researcher Jake Bernstein, Momentum Stock Selection details a method of combining market momentum with innovative risk management to dramatically increase profitable opportunities for both short- and long-term traders.



After briefly defining market timing and market momentum, Bernstein heads directly to the heart of the book­­how any trader can use momentum to increase trading effectiveness. Employing numerous real-life examples and illustrations to explain key points, he gives the reader inside details on:

  • How to choose the right time period for charting
  • Red flags that point out when a signal is wrong
  • A five-step method for determining momentum-divergence patterns
  • An actual "walk-through" of a momentum-divergence signal as it develops




Customer Reviews
Average Rating: out of 5 stars

Rating: 3 out of 5 stars - Tired of confusing technical indicators
As a stock trader your homework is all about studying and testing different market strategies that will help you take advantage of stocks and at the same time protect your gains.

Just always keep in mind that an effective trading strategy is simple and practical. Teaching your self to depend on to many technical and confusing indicators can make you slow in your decision making process or confuse you from the start.

The momentum approach showcased on this book covers bascially ... Read More


Rating: 1 out of 5 stars - So simple, sometimes naive
With respect to this book, I do agree that

1) momentum is a very important trading concept whilst MACD is a very useful oscillator type indicator to identify overbought and oversold situations, and thus change of s/t trend, a TA tool which helps traders not to buy high sell low, especially in a day trading environment.
2)the author had written a very easy reading book in a very friendly and understandable way.

However, I can hardly agree that:-

1) the author presented ... Read More


Rating: 4 out of 5 stars - Very usefull and easy to read
This book offers a simple but robust method of trading on stockmarkets. The presence of many many (sometimes too many) charts makes it possible to read on the beach, not just behind the computer.
The Momentum Stock Selection method is good. Bernstein claims that you can use the method on intraday basis. This is true, but not in the same simple way as he shows in the book, it takes a lot more interpretation and experiments (on paper first is my advice!!).
His rules on do's and don'ts in trading are absolutely ... Read More


Rating: 3 out of 5 stars - just a good read, but not the best trading book
this is a good book and well written. very easy to read and understand.

however, it comes across as too simple. the methods that are discussed here does not really give you the confidence that they are sufficient for you to trade properly.

another book by this author on the psychology part of trading, 'IQ the investors quotient', is a much better and strongly recommended read. in terms of market momentum, martin pring's 'trading with oscillators' is more useful, and just as easy to read.


Rating: 5 out of 5 stars - This book is sweet and simple!
I enjoy how this book offers a highly robust, yet simple trading system, applicable to any market. I have used the Momentum Moving Average approach with great success. I have noticed that it often forecasts majors rallies and drops in a timely fashion. Apply these methods to your trading and you will see the profits!


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Disclaimer: Futures, forex, stock, and options trading is not appropriate for everyone. There is a substantial risk of loss associated with trading these markets. Losses can and will occur. No system or methodology has ever been developed that can guarantee profits or ensure freedom from losses. No representation or implication is being made that using these methodologies or systems will generate profits or ensure freedom from losses.

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