Average Reviews:
(More customer reviews)In short I would say the book is ok. The book is dominated by young guys who have not been trading for even five years. They have not traded a secular bear market, a secular bear market for tech stocks, had to deal with decimalization, or have had to deal with incredibly rangebound and lackluster markets of years past. While not doubting the talent or the results of the traders interviewed in the book, I would like to see where everyone is in 2010. This book was written in the sweetest spot of the NASDAQ market most of the traders, myself included, will probably ever see in our life times.
If you are a new direct access trader this book is worth a read. If you are an experienced trader just trying to continually polish your game-I'll save you a 250 page read and twenty-some bucks. Cut your losses, let your winners run, be disciplined, use instinct, be a fast typer, trade with the trend, get long stocks in a strong market, get short stocks in a weak market, don't monetize your trading results, don't let your ego get in the way, and the market is always right. These phrases were repeated over and over. You just learned the lessons of this book without having to read 250 pages.
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