The Market Guys' Five Points for Trading Success: Identify, Pinpoint, Strike, Protect and Act Review
Posted by
Palmer Harmon
on 3/13/2012
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technical analysis,
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Average Reviews:
(More customer reviews)I have had the pleasure to meet with AJ, one-on-one, a number of years ago. At that time I had read 15-20 books on technical analysis and was completely confused on which tools I should use. At that time AJ introduced me to his "KISS - Keep It Super Simple" philosophy. I went from loses to gains because he was able to help remove the confusion about trading. He helped me understand even the professional stock traders don't know if a stock is going up or down, but if you have proper "Risk Management Tools" it doesn't matter. In the book, on page 243, last sentence of the first paragraph, "RISK IS A FACTOR THAT MUST BE RECOGNIZED AND PROPERLY MANAGED, NOT AVOIDED ENTIRELY." Risk management is key. All the technical analysis tools in the world won't help you if you don't have proper "Risk Management Tools" A beginner should start out with The Market Guy's book, then read 5-10 other books on technical analysis. After this education, take all that knowledge and come back to "The Market Guy's Five Points for Trading Success and read it again. This will help you understand how the Market Guy's, with their "KISS Philosophy" can teach you how to make money. I would also recommend subscribing to AJ's "Option Oracle". These are not just recommendations he gives to make money, these are his trades he uses in his personal account. Most "teachers" in stock trading don't trade their recommended stock picks. They only make money if you subscribe. Not the Market Guys, their personal money is on the line with yours! Congratulations to the Market Guys for putting all the information they teach at their seminars into their first book!!! Buy two and give one to a friend. I did.
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Praise for The Market Guys' Five Points for Trading Success"E*TRADE is a strong advocate of investor education, understanding a knowledgeable investor is a successful investor. The Market Guys have been a key contributor to our worldwide educational efforts - delivering hundreds of seminars to our customers around the world. This book encapsulates their years of experience with traders and investors, and is a must-read for anyone serious about trading. The Market Guys' Five Points for Trading Success provides an easy-to-understand and disciplined approach to trading through risk management. I highly recommend it."Christopher Larkin, VP, U.S. Retail Brokerage, E*TRADE Securities (www.etrade.com)"The stock market is full of risk and uncertainty, but can bring great rewards to those who plan and execute properly. Rick and AJ give you the navigational tools to profit in the market through this book. Easy to read and understand, this book will help the novice and expert alike reach their financial goals. I recommend The Market Guys to help you along your journey!"Astronaut Dr. Buzz Aldrin, Apollo 11, 1969"The Market Guys' Five Points is much more than five points. Creating a plan, dealing with emotions, trading psychology, and technical analysis are just some of the topics explained."James Bittman, Senior Instructor, The Options Institute at CBOE, and author of Options for the Stock Investor"Most people think trading markets is easy, but the process is fraught with pitfalls, snares, and delusions. This book is written by two savvy veteran traders. Applying the wisdom contained here will not guarantee success, but it will very definitely put the odds strongly in your favor."Martin J. Pring, President of pring.com"This is a wonderful introduction to terminology and a fresh approach to the stock market. It gives the reader a language and way of thinking that is new, providing a great foundation for further research. These authors are to be commended for an excellent book on the stock market and how it works."James P. Gills, MD, Director/Chairman of the Board of the Ironman Triathlon"The Market Guys have created the perfect recipe for financial success."Nick Nickolas, Restaurateur, Nick's Fishmarket of Hawaii, www.nicksboca.com
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