Showing posts with label making money. Show all posts
Showing posts with label making money. Show all posts

The Market Guys' Five Points for Trading Success: Identify, Pinpoint, Strike, Protect and Act Review

The Market Guys' Five Points for Trading Success: Identify, Pinpoint, Strike, Protect and Act
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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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The Beginners Guide to Becoming a CompleteTrader - Trading Stock Options Review

The Beginners Guide to Becoming a CompleteTrader - Trading Stock Options
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This book will take a simple approach in introducing the benefits of trading options on stocks. No matter what your experience level may be with the stock market, you will come away with excellent tools that will allow you to become a 'Complete Trader'. This book will take the investor through a step by step process of how to decide which options to purchase, when to get in and when to get out. With the support of the web site in conjunction with this book, the doors are opened for a very profitable future by following the information provided. A must read for anybody wanting to learn to make profitable trades and think like the professional traders!

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This guide teaches the beginning investor the basics oftrading stock options. Written in plain English, it is easy tounderstand and takes the reader from what a stock options is, to howto actually make their first trade.You'll discover: how to pick out the options that going up quickly;when an inexpensive option is really overpriced; what time value,delta and other terms really mean and how to use thatinformation...and more.The guide also has an optional web site thatis used to teach beginning investors how to pick out stocks to tradeoptions on.

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Dancing With Lions: One man's odyssey through the Chicago Markets, Trading, and Self-Discovery Review

Dancing With Lions: One man's odyssey through the Chicago Markets, Trading, and Self-Discovery
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The writer basically shows his experience how trading is no piece of cake, and many are fooled into thinking it is. Most traders don't need to read a book like this after they have been trading for a few months.
He also "exposes" the brokerage industry as an industry filled with coke addicts and innept jobs. Supposedly these people would snort coke while on the lines with customers. Well, excuse me I have not had a job as a broker, but I find it hard to believe it is filled with coke addicts any more than, say, accountants.
All throughout the book while reading the revelations that trading is not easily mastered you must contend with a giant ego, and statements like, "when I was a loser, I had no idea what I was doing. Now, I am a winner, and I do the right things."
He also takes a story out of Charles Le Beau's book, an incident that happened in the sixties. I have no idea if he met the same person an identical individual or he is making that up too.

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Flea Market Trader Seventeenth Edition Review

Flea Market Trader Seventeenth Edition
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These books are great for the novice and seasoned antique collectors , very good to have around ..The photos help a lot and I recommend these books for everyone.

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Containing over 10,000 alphabetical listings with current values, this unique, full-color, completely revised price guide provides information on the latest market trends. Hundreds of crisp photographs have been added to make identification even easier. Designed specifically for the flea market enthusiast, it includes the well established collectibles subjects, plus many items that are unique to flea markets and not found in many general antiques price guides. This book is organized into categories from advertising to World's Fair collectibles, and comes equipped with a handy index and a directory of advisors. It covers many current, modern categories like Anchor Hocking's Fire-King glassware, Coca-Cola collectibles, and Barbie dolls. Other fun categories in this edition include Dreamsicles, handkerchiefs, Paint-by-Number art, bone china bouquets, and Wilton pans. 2008 values.

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Viewpoints of a Commodity Trader Review

Viewpoints of a Commodity Trader
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Dozens of two page "chapters", basically trading maxims, cliches and rules and a small description of what and what not to do. Nothing special.

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Trend Following: How Great Traders Make Millions in Up or Down Markets, New Expanded Edition Review

Trend Following: How Great Traders Make Millions in Up or Down Markets, New Expanded Edition
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What's great about this book is that it goes straight for jugular of anyone who can't stop themselves from making predictions about the markets. Like those chart reading traders who think they can actually forecast the market direction. Prediction with charts is a losing game. If 100 traders stare at a chart, they come up with 100 different subjective interpretations. This book may actually make them realize that pretending they have unique skill through years of ink blot study is just blowing smoke.
Better yet this book is not based off hypothetical testing or experiments in what may work. It uses real performance data from guys who have traded for decades as trend followers. If you worship technical indicators as "it" don't read this book unless you want a hard cold splash of reality. If you worship technical indicators as some market tonic -- go ahead -- but don't forget the best in the business do nothing of the sort.
One of my favorite parts is the description of the hundreds of millions of dollars trend followers won at the same time Long Term Capital Management was imploding and losing their shirts. Wow, what an example of risk and volatility in stark terms.
But ultimately it is the no holds barred condemnation of fundamental analysis that sticks with me. Trend followers don't waste their time trying to understand forces influencing market participants (fundamental analysis) They care about the market price and what they should do in response to market price movement. Isn't that a goal for all of us? Round of applause for the diligent research and clear writing.

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