Rating: 
- Possibly good for beginners
I didn't like this book. Clearly it is aimed at beginners and it tries to cover technical analysis, money management, trading psychology, and system testing. Just too much to be able to cover anything in depth. However, the author seems honest in his approach of trying to tell the reader a bit about everything he has learnt himself.
This book would have been much better by cuttig down the amount of text, especially the sections that state the obvious.
For the beginner I would rather recommend Robert Miner's book with an almost identical title. That book doesn't tire the intelligent beginner with loads of different things.
Rating:
- Well-written, no marketing, great foundation
As an advanced beginner trader, this is one of my favorite books. It does not fill up pages with self-serving marketing, quick get rich schemes, or fluff. It gives you the basic no-nonsense tools relevant for whatever market you trade: creation of a concrete trading plan, importance of specific types of discipline (not just generalities), specific tips on system trading, backtesting, managing your risk, and handling your trading money. It also contains specifics on entries, exits, and technical indicators-not an encyclopedia, but a discussion relevant to an advanced beginner. This is very quickly grown to be my favorite book-complex enough that many sections need a re-read, but not overly academic, and full of realism. Highly recommend it for traders in any market.
Rating: - Must Have Book For Any Serious Trader
Just finished reading "High Probability Trading" and have to say that it is a must have book for any serious trader. Marcel Link writes with simplicity and clarity and conveys much information needed to be successful in trading. The book covers technical analysis, money management (my favorite topic) and trading with a plan. It is this book's ability to cover complicated topics in a conversational way (not overly technical) that brings home the concepts needed to be profitable consistently.
Love his passage about Charles Dickens's "David Copperfield" excerpt where Link writes that Dickens "...is saying, Make more than you spend (lose) and you will do fine, but if you spend (lose) more than you make, you are ruined...". Very true - simple on the surface - but an essential lesson to getting profitable in trading or any life endeavor. The Dickens analogy is an example of how Link is able to draw you away from the traditional "trading" jargon long enough to think on another mental plane so that you can come back to your trading with new understanding.
Another book that may be useful in addition to Link's is "The ART of Trading" by Bennett McDowell The ART of Trading: Combining the Science of Technical Analysis with the Art of Reality-Based Trading (Wiley Trading) since it offers you a chance to take a 30-day trial of the ART trading software, and I've found it to be a very useful tool in my trading.
Rating: - Don't buy this book...! It is the best.
Because since Option Trading is a zero sum game(I believe), I want to sell my profitable premiums to novice and ignorant traders who don't use the author's methodology which is simple but brilliant. I bought around 20 books on trading and I use 80% of his methodology and I have to say,though not spectacular,his methodology gives me consistent profits and minimal losses. Never have I had any regrets lingering in my mind after completing this book and applying it.=) So traders out there,please don't buy this book,so that trading will be less competitive.lol =)
Rating:
- Good info but...
Very good book. Alot of info to digest. I wish the featured charts were larger and in color. The writer is a bit self aggrandizing and writes in a condescending manner. If you can get pass that, you can learn from him.
- Possibly good for beginnersI didn't like this book. Clearly it is aimed at beginners and it tries to cover technical analysis, money management, trading psychology, and system testing. Just too much to be able to cover anything in depth. However, the author seems honest in his approach of trying to tell the reader a bit about everything he has learnt himself.
This book would have been much better by cuttig down the amount of text, especially the sections that state the obvious.
For the beginner I would rather recommend Robert Miner's book with an almost identical title. That book doesn't tire the intelligent beginner with loads of different things.
Rating:
- Well-written, no marketing, great foundationAs an advanced beginner trader, this is one of my favorite books. It does not fill up pages with self-serving marketing, quick get rich schemes, or fluff. It gives you the basic no-nonsense tools relevant for whatever market you trade: creation of a concrete trading plan, importance of specific types of discipline (not just generalities), specific tips on system trading, backtesting, managing your risk, and handling your trading money. It also contains specifics on entries, exits, and technical indicators-not an encyclopedia, but a discussion relevant to an advanced beginner. This is very quickly grown to be my favorite book-complex enough that many sections need a re-read, but not overly academic, and full of realism. Highly recommend it for traders in any market.
Rating:
- Must Have Book For Any Serious TraderJust finished reading "High Probability Trading" and have to say that it is a must have book for any serious trader. Marcel Link writes with simplicity and clarity and conveys much information needed to be successful in trading. The book covers technical analysis, money management (my favorite topic) and trading with a plan. It is this book's ability to cover complicated topics in a conversational way (not overly technical) that brings home the concepts needed to be profitable consistently.
Love his passage about Charles Dickens's "David Copperfield" excerpt where Link writes that Dickens "...is saying, Make more than you spend (lose) and you will do fine, but if you spend (lose) more than you make, you are ruined...". Very true - simple on the surface - but an essential lesson to getting profitable in trading or any life endeavor. The Dickens analogy is an example of how Link is able to draw you away from the traditional "trading" jargon long enough to think on another mental plane so that you can come back to your trading with new understanding.
Another book that may be useful in addition to Link's is "The ART of Trading" by Bennett McDowell The ART of Trading: Combining the Science of Technical Analysis with the Art of Reality-Based Trading (Wiley Trading) since it offers you a chance to take a 30-day trial of the ART trading software, and I've found it to be a very useful tool in my trading.
Rating:
- Don't buy this book...! It is the best.Because since Option Trading is a zero sum game(I believe), I want to sell my profitable premiums to novice and ignorant traders who don't use the author's methodology which is simple but brilliant. I bought around 20 books on trading and I use 80% of his methodology and I have to say,though not spectacular,his methodology gives me consistent profits and minimal losses. Never have I had any regrets lingering in my mind after completing this book and applying it.=) So traders out there,please don't buy this book,so that trading will be less competitive.lol =)
Rating:
- Good info but...Very good book. Alot of info to digest. I wish the featured charts were larger and in color. The writer is a bit self aggrandizing and writes in a condescending manner. If you can get pass that, you can learn from him.