Books : Trend Trading for a Living: Learn the Skills and Gain the Confidence to Maximize Your Profits
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- Level headed tradingThis book goes on the top shelf of my investing guides. By showing how to minimize knee jerk reactions, I was able to equal my monthly salary in two weeks!
Rating:
- Very basic, think again before you buy itVery basic information and not so powerfull, perhaps you can check their website before. You can see their profit, too small percentage for trend trading system.
I'm late to know it, so you still have time to check it before you buy this book.
Think again.
My recommend: Pass it.
Rating:
- Excellent addition to any trading libraryThis book is in the tradition of Alexander Elder and Nicolas Darvas, some of the authors trading inspirations.(Mine also). It is a book that shows how to trade volatile high beta stocks using the trend as a guide. It is full of technical trading systems, with no fundamentals here you can ignore news reports, economic and business forecasts, P/E ratios, and book value. What you look for is chart set ups for both long and short positions.Great examples are given and how to find them. The book reinforces the "Price is reality" school of thought where price reflects the companies prospects, if the market likes your company's prospects the price goes up, if it does not it goes down. I agree it really is that simply. The book uses four sources of input for its systems:
Price patterns.
Moving averages.(I find these highly valuable). 20 and 50 day SMA
Technical Oscillators MACD, stochastics, RSI, CCI, and OBV.
Japanese Candlesticks (My favorite charts)
The book also covers the 10 habits of highly successful traders that are crucial for success. I really got a lot out of his examples of charts and showing the bullish and bearish trends based on the 20 and 50 day moving averages. He covers option trading in three chapters and shows how to trade bullish and bearish trends along with using straddles during option season.
Price and volume-that is all you need to know to trade well. Always go with the chart.All that is needed to be hugely profitable in the trading game is to be right more often than wrong. I have traded stocks for over 5 years very successfully and would strongly recommend this book all who wish to trade for profit or live the dream of trading for a living.
He wraps the book up nicely explaining how the market can build your character by making you more patient and humble. His best advice is that the market will do what it will do, just go with the flow and befriend the trend.
Rating:
- This may be the only one!This is an excellent book for a beginner. I've been trading for about year, and finally believe that this book may be the break through I've been looking for.
I've read books from Toni Turner, Dr. Alexander Elder, Mark Douglas, and other knowledgeable and excellent traders/authors . However, I find this book to be the most comprehensive and detailed in regards to strategies and methodologies.
This may be the best investment of my young trading career.
God's blessings to all in the field!
Rating:
- Most Useful Trend Trading Book EVER!I've read dozens of books on trading and this is it! I promise... Dr. Stoxx delivers what you looking for if you want to trade for a living. Clear concise information for newbie traders and the more experienced tradert as well. This is the only book I have found that has very clear step by step set ups for entry. I have practically worn my copy out. I keep it next to my computer as a daily trading reference.