Rating: 
- Excellent Book
This is an excellent book about trading, especially for the beginner. However, the beginner is not likely to recognize why this book is excellent versus the many books written about trading by non-traders. I highly recommend this book to anyone trying to teach themselves about the markets. If you already are a successful trader, the book may not be that helpful. If I were to teach a course in trading, I would consider using this book as one of the textbooks for the class, in part because there are very few comprehensive good books about trading. I have read the negative reviews posted on Amazon, and I don't think they are, for the most part, informed or fair. I hope the author comes out with a second edition, in part because while I think the content is excellent, the writing could be improved upon. But I'd rather have a substantively excellent book, than one of the many trading books well-written by a non-trader that is unhelpful or even misleading on the substance. "High Probability Trading" is worth the read.
Rating: - Don't let it sit on your bookshelf
like I did for about 3 years. Now I that I finally picked it up I am almost a third of the way through and already has Marcel Link's clear, honest, to the point language and approach to day trading dotted my i's and crossed my t's several times over. Yes, I did read books about small cap value investing, how to read charts and how to make money using all kinds of fancy systems before this one and I recommend you do the same. But don't stop there - go ahead and finish your training with this excellent work. Marcel's straightforward message is so simple yet so deep that I hope it will, just like it is already doing for me, banish all your fears about making mistakes and still coming out a winner. I write this on purpose because if you are not making money in the market you probably have a fear of winning and/or are making too many mistakes. Right after I started reading this book I had my first winning streak in years only to face an age old stumbling block just a week later; this time, thanks to Marcel's warning, I could honestly say to myself "It's OK, keep going" and I actually was able to prevent a big loss because the market had turned against me. Thanks to Marcel's "handholding" I had the courage to read all the charts before rushing into a decision that could have cost me. This book is for everybody who is missing out on grasping the "whole" of trading. After this, I plan to read more technical books just to stay sharp in that area, but for the time being I am enjoying every page in this volume. Highy recommended.
Rating: - A Real Keeper
I've bought alot of trading books, usually at 50 bucks a pop, and some of them really leave you groaning about. I rationalize that even one good idea, even it just reinforces something I already know or reminds of something I forgot or ignored then it's better that losing 50 bucks to the market. It's kind of like trading itself, you take some losses but the winners make up for it.
This was a great book. One of the best sections I've seen on stops and exits. It goes more into the proper mentality than cookbook strategies, but it goes deep into areas alot of other books overlook or just don't develop beyond a few cliche's. If you're past the introduction level and already own all the indicator catalogs then this is a great pick. Not too deep into the tools, but good in that area too. Mentality and strategy development without becoming a psychology book. Excellent. The 1 star guys missed the point.
Rating:
- Trading
I just started to trade a month ago with paper money. It's a good book for a beginner. The book is out of date, 2003 edition. Charts are black-and-white color that makes them difficult to read. Recommended.
Rating: - One of the Few Skills-Based Books I've Read
Unlike most books on trading, this one isn't filled with fluff. It shows you how to trade, as promised. As a very experienced trader, while I did not learn a whole lot of new material, the author's ability to crystallize difficult material into a readable form should be commended, as this is a feat extremely difficult to achieve. Excellent book. Highly recommended.
- Excellent BookThis is an excellent book about trading, especially for the beginner. However, the beginner is not likely to recognize why this book is excellent versus the many books written about trading by non-traders. I highly recommend this book to anyone trying to teach themselves about the markets. If you already are a successful trader, the book may not be that helpful. If I were to teach a course in trading, I would consider using this book as one of the textbooks for the class, in part because there are very few comprehensive good books about trading. I have read the negative reviews posted on Amazon, and I don't think they are, for the most part, informed or fair. I hope the author comes out with a second edition, in part because while I think the content is excellent, the writing could be improved upon. But I'd rather have a substantively excellent book, than one of the many trading books well-written by a non-trader that is unhelpful or even misleading on the substance. "High Probability Trading" is worth the read.
Rating:
- Don't let it sit on your bookshelflike I did for about 3 years. Now I that I finally picked it up I am almost a third of the way through and already has Marcel Link's clear, honest, to the point language and approach to day trading dotted my i's and crossed my t's several times over. Yes, I did read books about small cap value investing, how to read charts and how to make money using all kinds of fancy systems before this one and I recommend you do the same. But don't stop there - go ahead and finish your training with this excellent work. Marcel's straightforward message is so simple yet so deep that I hope it will, just like it is already doing for me, banish all your fears about making mistakes and still coming out a winner. I write this on purpose because if you are not making money in the market you probably have a fear of winning and/or are making too many mistakes. Right after I started reading this book I had my first winning streak in years only to face an age old stumbling block just a week later; this time, thanks to Marcel's warning, I could honestly say to myself "It's OK, keep going" and I actually was able to prevent a big loss because the market had turned against me. Thanks to Marcel's "handholding" I had the courage to read all the charts before rushing into a decision that could have cost me. This book is for everybody who is missing out on grasping the "whole" of trading. After this, I plan to read more technical books just to stay sharp in that area, but for the time being I am enjoying every page in this volume. Highy recommended.
Rating:
- A Real KeeperI've bought alot of trading books, usually at 50 bucks a pop, and some of them really leave you groaning about. I rationalize that even one good idea, even it just reinforces something I already know or reminds of something I forgot or ignored then it's better that losing 50 bucks to the market. It's kind of like trading itself, you take some losses but the winners make up for it.
This was a great book. One of the best sections I've seen on stops and exits. It goes more into the proper mentality than cookbook strategies, but it goes deep into areas alot of other books overlook or just don't develop beyond a few cliche's. If you're past the introduction level and already own all the indicator catalogs then this is a great pick. Not too deep into the tools, but good in that area too. Mentality and strategy development without becoming a psychology book. Excellent. The 1 star guys missed the point.
Rating:
- TradingI just started to trade a month ago with paper money. It's a good book for a beginner. The book is out of date, 2003 edition. Charts are black-and-white color that makes them difficult to read. Recommended.
Rating:
- One of the Few Skills-Based Books I've ReadUnlike most books on trading, this one isn't filled with fluff. It shows you how to trade, as promised. As a very experienced trader, while I did not learn a whole lot of new material, the author's ability to crystallize difficult material into a readable form should be commended, as this is a feat extremely difficult to achieve. Excellent book. Highly recommended.