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INVESTING BOOKS
Posted in Investing (Friday, September 5, 2008)
Written by Stephanie Beener. By Atlantic Publishing Company.
The regular list price is $39.95.
Sells new for $26.07.
There are some available for $39.87.
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1 comments about How to Open & Operate a Financially Successful Florist and Floral Business Both Online and Off: With Companion CD - ROM.
- How to Open & Operate a Financially Successful Florist and Floral Business both Online & Off, written by Stephanie Beener, explores every aspect of making a successful entrance into the Floral Industry, whether it be for purposes of following the path leading to a serious entrepreneurial endeavor or merely pursuing a comparatively lucrative hobby. The information provided in this book is thorough and extensive, but presented in an easily understood format that is well suited for the emerging florist, while still remaining a truly helpful and supportive reference source for the experienced floral professional. This book also proves to be an ideal introductory resource for students interested in exploring the possibility of choosing a career within the Floral Industry.
From its preface to its conclusion, How to Open & Operate a Financially Successful Florist and Floral Business both Online & Off, guides the reader through the process of becoming a successful floral business owner, beginning with a brief discussion on determining if their personality and temperament are suited for the industry and ending with an expansive list of available resources to aid in the actual startup of a retail floral business. Ms. Beener includes everything from writing business plans to product selection, along with inventory maintenance, management strategies, and the practical application of ownership practices as presented in actual case studies of various floral professionals within the industry. Additionally, the inclusion of a companion CD-ROM offers further support for the reader. This impressive guidebook even includes a section on specific floral meanings, a glossary of floral terms, and a glossary of flowers.
This title should most definitely be recommended to anyone interested in any area of the floral industry. It offers an abundance of information that is both quickly and easily accessible. Considering its overall topic presentation, content, and readability, I would assign a rating of 5 stars to How to Open & Operate a Financially Successful Florist and Floral Business both Online & Off.
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Posted in Investing (Friday, September 5, 2008)
Written by Esme E. Faerber. By McGraw-Hill.
The regular list price is $18.95.
Sells new for $4.80.
There are some available for $4.60.
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1 comments about All About Investing (All About).
- I haven't really gotten into the book yet, but it is what I was looking for - investing explained on a beginners level.
My children are interested in investing and don't know anything about the market. There are a few areas I need to learn about as well.
I recommend Thomas Sowell's Basic Economics for someone new to economics. I am amazed at how he can explain economics so simply and understandably. There is a woeful ignorance of how the economy works.
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Posted in Investing (Friday, September 5, 2008)
Written by Esme E. Faerber. By McGraw-Hill.
The regular list price is $18.95.
Sells new for $3.82.
There are some available for $1.57.
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No comments about All About Bonds and Bond Mutual Funds: The Easy Way to Get Started.
Posted in Investing (Friday, September 5, 2008)
Written by Eliyahu M. Goldratt. By Gower Pub Co.
The regular list price is $35.20.
Sells new for $24.10.
There are some available for $22.98.
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5 comments about Critical Chain.
- This book is well written; easy to read and to understand. It includes a bunch of useful concepts in a smooth way, so you assimilate the almost without effort.
Since it is written like a novel, rather than a textbook, I found myself reading it eagerly and I finished it in very few days. On the other hand, it is not suitable as a reference book.
In conclusion, if you want to introduce in project managing from a practical point of view just buy it, it really pays off
- Like "The Goal," by the same author this book is excellent. If you don't think that you can learn about business from a novel, then you are wrong. I have probably learned more from this novel than most of the business books that I have read. This book will transform your business practices.
- You're a project manager? This book is good.
You're not a project manager? You can learn from this, as being a single mom is being a project manager as well. It doesn't have the magic though if you can't transform knowledge to wisdom and that's where this book comes up short.
Although TOC is taken one step further, this book is on the edge of the four star rating. It does give manager some valuable insights which were missing in the previous books and is still fun to read and maybe it makes me long for not having read the previous books yet...
- This book is about applying TOC to project management. After reading this book I understood why TOC for project management is not as straight forward as it might first appear. Not only are projects not repeatable like production assembly lines buts in a multi-project environment you need to take shared resources into account. This is even more difficult when the managers for each project are different people. Lessons learned:
- Estimates should be "In X days with 50% chance of completion"
- Cut estimates in 2 or 3 if suspect that tasks have padding
- All the padding should go for the project but less than sum of padding
- Add time buffers (at no cost) when paths merge with critical path
- If a resource is shared between projects then it may be a bottleneck
- Resource bottlenecks should be treated as such: identify, exploit, subordinate, elevate...
- No due dates so as not to encourage the "student syndrome"
Of all the business novels by Eli Goldratt, I think that this is the one that I have learned the most from. As with all his novels, it's easy and fun to read with the added benefit that you will have learnt to better manage your projects. A must.
- Stories are one of the best ways to teach and Eliyahu Goldratt is a master story teller! In Critical Chain Goldratt weaves a tale to teach concepts to project managers on how to drive down schedule time, and reduce product cost using Theory of Constraints (TOC). It is an extension of the concepts taught in the Goal, but this time for project management rather than process management.
The problem management (at a factitious company) face in this book is their products have a short life span (6 months), but a long development time (2 years). Consequently they have to continually develop new products. To compound their problems, if they miss picking a good product, or launch an inferior product they could loose significant market share. Company loyalty just isn't what it used to be.
Fortunately, management realizes it is not a matter of "if" but "when" they will stumble. They assign a tiger team of young blood to drive down development time. This team has no idea where to start, and this book is the story of their journey of discovery.
The reader is taken on the journey with the team and learns about resources, bottlenecks, buffers, critical paths, constraints and more. By learning how to apply The Theory of Constraints the team (and the reader) is able to discover ways of reducing product development time significantly.
Overall, this is another excellent book by Eliyahu Goldratt. I learned a great deal from the Goal and Critical Chain. Goldratt is on a mission to change project management (and process management) from an art to a science. He does a great job at providing the tools and techniques for anyone willing to learn and apply these powerful concepts!
The Re-Discovery of Common Sense: A Guide to: The Lost Art of Critical Thinking
The Goal: A Process of Ongoing Improvement
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Posted in Investing (Friday, September 5, 2008)
Written by Wendy Samuel and Renee Palmer and Beth Phillips. By Fashion Careers.
Sells new for $40.00.
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5 comments about Fashion Careers: The Complete Job Search Workbook, 4th edition.
- This book was a helpful reference and gave some helpful tips and examples of resumes and cover letters but seemed to be directed more towards individuals looking for a career change or those already working within the industry. However, if you're just out of school as an entry-level applicant your focus with putting together a resume and portfolio is already in practice. The manual could've had more helpful sections for entry-level.
- The new edition of "Fashion Careers - 4th Edition (2008) is must read! This self-directed workbook helped me develop a job strategy that really worked. I improved my resume to make it a more powerful marketing tool and found that the updated research section enabled me to search industry by industry to target the right type of networking contacts. Finally, the section on interviewing techniques and questions was invaluable in my preparation for upcoming interviews. My answers have become more complete and natural, and as a result I have much greater confidence.
- "Fashion Careers - 4th Edition (2008)" is a great tool for helping your job search in the Fashion Industry. This book not only teaches you how to conduct your job search but also has helpful resume/cover letter tips, interview questions and it covers many fields within the industry. I highly recommend this book if you're looking for a new job or a possible career move into the fashion industry.
- Well written and informative, Fashion Careers is the perfect book for entry level and seasoned professionals alike. The book gives great tips for networking, sample resumes, and the general "do's and don'ts" of job interviewing. Without a doubt, Fashion Careers helped me find a job that I love, straight out of college. This book is great! Recommended to all!
- FASHION CAREERS is an excellent resource for anyone looking for a job in the fashion industry. It was an invaluable resource when searching for my own job in the fashion industry. This comprehensive guide will appeal to job seekers at all levels. Topics include: how to begin your job search, resume/cover letter writing, networking and interview techniques. Highly recommended.
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Posted in Investing (Friday, September 5, 2008)
Written by James A Fitzsimmons. By McGraw Hill.
Sells new for $80.00.
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No comments about Service Management: Operations, Strategy, Information Technology with Student Cd By James a Fitzsimmons.
Posted in Investing (Friday, September 5, 2008)
Written by Gordon L. Eade. By Instantpublisher.
The regular list price is $6.99.
Sells new for $2.50.
There are some available for $2.25.
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5 comments about How to Make Money in the Stock Market-Buy 2,500 Different Stocks-Pay no Commission.
- Potential book buyer: read the reviews on this book very carefully. All positive reviews have been secretly written by the same person under different names. Just click on the user's name and look to see if they've written other reviews...nope, they haven't since ALL THE POSITIVE REVIEWS FOR THE BOOK HAVE CLEARLY BEEN WRITTEN BY THE AUTHOR.
Worse still, this guy shamelessly plugs his book by writing book "reviews" on the listings for more famous and far more useful books like Rich Dad, Poor Dad and the Millionaire Next Door.
- This is a terrific, easy to read, and easy to understand book on how to get started making money in the stock market. I'd beware of any negative reviews here as they must be from brokers who don't want you saving money by paying no commission! That being said, if you are like me and have never done this before and have no idea how to get started and what to do, YOU WILL LOVE THIS BOOK! It is wonderfully straightforward and the author has a great deal of knowledge and experience on the subject. While reading, you feel that he puts you on the right track and keeps you there. I started investing too late in life, and this book was a comfort to me because I felt that the author had cut out a lot of the BS and got right to the point. This is a GREAT book, and good for him that he is a self-published author! I'm happy there are people out there like him who are motivated and who provide such insightful and useful services.
- I am a real person and not connected with the author of this book in any way. I am writing this review because the book has been a wonderful help for me! (This book was the most helpful because it cut through all the hype and the smoke and mirrors often associated in the investment arena).
The only people who might be posting negative comments about Mr. Eades book are those who do not like the "TRUTH IN PRINT" and may be loosing business and commissions as their clients choose other viable options in the stock market.
I wanted to write you a quick note to let you know how very much I have enjoyed your book! You have done a wonderful job of taking something very complex (at least to me) and made it very understandable.
I read through the book rather quickly at first and now I am going back through it with yellow high-lighter in hand. I appreciate the fact that you provide very practical and to the point information. The various portfolio options are clear and concise.
Again thank you for writing a great little book. It is jam packed with just what I need to know. I purchased about 5 other books at the same time as I purchased yours through [...], some of which I see you have in your "Books to Read" list. But for myself some of those are beyond me at this point. Yours is at the head of the list!!
The information in this book can easily be validated by people taking the time to do a little due diligence and see that everything that is shared can be backed up by real historical data throughout the years.
I like the quick and to the point style of your book. I drive my car each day but I don't need to know how the engine works.
- Had I come across this book 5 years ago, I would not have read it. BECAUSE...
I was bent on making my fortune NOW, trading TODAY. I had recently lost my job, had all the time in the world, and a little "trading" money. You may read my condensed confession... or not.
I began seeking to make my fortune in commodities, and lucky for me after a few months understood that in commodity trading the small investor is the commodity! It's a pure sucker's game - no ands, no ifs, no buts about it. I decided I must move on, but now with BOTH EYES WIDE OPEN.
I then pursued trading stock options with "gurus" - for very hefty annual fees, cause these guys do just great, cause they always trade with the odds in their favor. This trading arena proved to be somewhat ok, but I truly wasn't making any money for the time and effort required. So I cancelled my annual subscription after 5 months into the year, cause I felt I could do better.
Well, commodities were out, guru stock option trading was out, so why not go directly into stock trading. This would require much more study and work on my part, as I knew little about stock trading. My employment prospects were still non-existent as the "economy" was much worse now than when I lost my job about 1 year ago.
So, let's go make money in stocks (even though I had been told that the real money was in commodity trading - but I knew what commodity trading was all about via personal experience ). So, I ventured into the stock arena. I spent considerable time doing the "stock" trading thingy. But now I felt I needed stock trading advisor newsletter subscriptions, stock trading computer software programs (there are thousands - or so it seems), also now joining stock trading rooms, attending trading group monthly meetings, and so forth, like stock data feeds as opposed to commodity data feeds. And, what to my pleasant surprise did I discover? Simply this, that no one was really making any money!! Most people were losing money, and some I met had lost many thousands, and I distinctly recall hearing about an investor telling another investor how he had made 1 million dollars in the stock market. In essence he stated that he made 1 million dollars in the market by letting his broker trade his account - and his account had several million before he "made" 1 million. I did not verify this, it may have just been a story, but from what I observed, there was definitely some truth to the story. Lucky for me I never had much money to "trade". By now I was spending most of mine observing, simply observing and filing away information. I must say though that In the process I met lots of real nice people, and made several good friends. But again I must state that I experienced that no one was truly making any money. And, I attended several groups doing completely different types of stock trading and stock market analysis.
And yet somehow, deep inside of me a voice kept saying " Surely there HAS TO BE MONEY BEING MADE IN THE MARKETS - THERE SIMPLY HAS TO BE.
So, after considerable time spent stock trading, the next place I parked my presence was with "day-trading" groups trading the E-Minis. Once again, so much time and some money spent - books, software, software simulators, trading rooms, chat rooms, trading systems, mechanical trading systems, trading rules, market analysis all of which resulted in 12-14 hour days, etc, etc, and etc. Spending time following and analyzing one day trading guru, then another day trading guru, then another, then this day trading system, this day trading indicator, MACDs, RSIs, Moving Averages, Volatility Stop indicators, Fibonacci Ratios, it goes on and on and on and on.
Yet the same general result - no one really making any real money on a regular basis - NO ONE!!
Au contraire, most traders were losing, and some losing big. I day traded the mini SP, mini Dow, and thought of day trading the e-mini Russell, but realized it was to no avail. I was simply too dumb to beat the system. But, I do know that the Russell does trend much better than the SP!!!
I could truly elaborate on all of this, but then everyone reading this would know that I truly am "cracked" and many still would not believe that I actually "did" all of this. But, that's not the point.
My point is this - that in the past 5 years I never did meet, nor did I hear about 2 persons in any 1 group that I participated in that were making any kind of profit on a regular and consistent basis, NOT 2.
Yes I have day traded the markets, and yes, I was not very smart, and I did not make any money. And, yes I "lost" money, and yes I spent money "learning" to make money in the markets.
DO YOURSELF A BIG FAVOR - read this little book one time, then read it again. If after reading my comments, and reading this little book you still feel you can do better, then let me know, and I WILL CHEER YOU ON. Just because I may be too dumb and too stupid to make a living trading does not imply that you.
There are thousands of books and web sites dedicated to "trading". They tell you that you can do it, and make great money. Buy their books, subscribe to their letters, follow their systems, use their indicators, scanners, etc. Enjoy, have fun.
As for myself, I have read this little book 4 times. And, I have also read 2 of the books which Mr. Eade recommends. And, I have set up 2 of my accounts using ETF's. And, believe it or not, I have slept much better this last week.
Do yourself a favor. Skip lunch today, and with your lunch money send for this book. Read it.
If you don't like what you read then I'll gladly sell you one of my $175 trading books.
Oh, so glad I remembered. I have cancelled my real time data feed subscription. It will not renew next month. I hope to fill the "live data feed" void in my life with something more worthwhile. Like spending more time outside with my grandson riding bikes and tossing a football.
And I am likely, very likely, to read each and every book recommended by Mr. Eade. This stuff is fascinating, simply fascinating - yet so elusive.
- This is a short book but it is straight to the point. Investors who want to keep it simple will certainly benefit from this book. Because it is short but filled with information you will not get bored from it. It reads pretty easily and the information contained in it will be useful for getting your retirement fund started.
My only complaint is that the methods contained in the book, while certain to make you good money over the long run, just aren't very exciting. If you really want to trade stocks (as opposed to index funds) you'll need more than just this book.
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Posted in Investing (Friday, September 5, 2008)
By Butterworth-Heinemann.
The regular list price is $61.95.
Sells new for $49.56.
There are some available for $59.61.
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No comments about Understanding the Global Spa Industry: Spa Management.
Posted in Investing (Friday, September 5, 2008)
By Tradenet.
Sells new for $42.95.
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5 comments about Unlocking Wealth: Secret to Market Timing.
- This book explains, in great detail, how to use market symmetry to forecast time and price objectives on market swings. The author bases his time calculations upon measurements beginning at the formation of a reaction swing, and shows how the results of these calculations can be projected forward in time to indicate the likely extent of the ensuing price swing. While the author's previous book tended to be somewhat inconsistent in its calculations, the methodology in this book is both consistent and precise. I had no difficulty in following the presentation of the material or in confirming the counts on the accompanying charts.
The author derives price targets by employment of an "Andrews' Pitchfork" drawn in a specified manner. While these price projections are not quite as accurate as the time projections, the variance of acutal to forecast price indicates much about the underlying strength of the immediate price trend. Both time and price calculations are very useful and are reasonably accurate. I have now incorporated this material into my trading routine.
The book offers a really complete course on trading. It describes trend reversal and continuation constructs (in multiple timeframes) -- how to use them for optimal entry, the need for a protective stop, how/when/where to exit, and what to do if larger market forces override current projections. It also describes a method of trading with options -- a covered write based upon the concept of delta -- which is profitable if the underlying issue moves a minimum distance in either direction in an active market.
This book is unique. I am not aware of any other work which describes how to use time and price in an overall trading system as practically or precisely as is presented. The methods offered can be used as the basis of a stand-alone trading system, or as additional working tools for one's own system. This material has added a new dimension to how I view the trading markets.
- I have lost count of the number of trading books I have read since the mid-70's. The first book was the late JM Hurst's classic, "The Profit Magic of Stock Transaction Timing". John Crane's "Unlocking Wealth" now sits in my trading library alongside the truly great trading books ever published. It is the only book I have ever read that makes it practical to use market structure alone to forecast both price and time. I am not saying that other books don't address price and time (Gann, Elliott, others). I simply have not found other approaches to be practical to use. Crane's approach is both practical and effective.
I read this book in search of methodologies to filter trades for the system I was using. The method is so powerful that I have now made Crane's approach my main strategy...and use a different methodology as a prefilter.
The book clearly describes two basic market structures (Trend Reversal and Trend Continuation). The appearance of these commonly found patterns usually reveals the true nature of the market...and future price at a point in time. Crane's methodology does not rely on optimization techniques, lagging indicators, general fundamental information, astrological events, or complex equations. It's pure market structure in a practical manner. Simple and elegant. The methodology gives you the ability to listen to what the market is saying about itself based on its own structure.
The core market structures explained in the book are nearly identical to patterns I have used successfully for years. The book taught me more about the nature of these patterns...and how to trade the patterns better. One of the most valuable things for me was Crane's methodology for managing trades that are in progress. Cutting losses early and letting profits run is easier said than done...until you read this book.
The methodology can be used with other trading strategies. I am combining Crane's methods with Hurst's cycle methods to increase the probability of trading in the correct direction. Either way...I find merit in using Crane's approach as a stand-alone system. You can use it without a computer - you don't have to buy expensive software to implement it - and there is little ambiguous about how it is used. It is now difficult for me to look at a chart without looking at it through Crane's eyes. The book may take a few days to read because it includes more trading examples than was probably necessary...but this can help to internalize the method.
This book gives me the edge I have sought for years. I can't imagine trying to manage a trade in the future without the precise knowledge of when and where price is likely to go....and reverse.
If you are looking for a trading approach that is practical and effective...or just looking to enhance a system that is already effective...I suggest you read this book.
- Sorry to burst your bubbles,but this is just the authors original book "Advanced Swing Trading" (2003) in a new package reprinted in 2007!! If you believe the text of this book you will believe anything . Sorry but I just had to say something here .
- I liked John Crane's first book "Advanced Swing Trading", but this book is much better. Unlike other traders-come-authors, John Crane does not switch tack with this book and discuss some new and different ways of analyzing the market. No, he sticks to his original theories, expands on the methodology and does a much better job of explaining and illustrating it. The only thing I didn't like was the title - too "get rich quick" for me.
John Crane's market timing approach is one of the most elegant futures trading methodologies I've seen. It focuses on market structure and using impulse and reaction swings to identify entry and exit points.
The basic component of the methodology is the Reaction swing--a counter-trend move--that is used to confirm a new trend and then identify a low risk entry point. Not revolutionary, but then John Crane uses a count back to a previous swing point to forecast the future turning point. Now that is new!
So the Reaction swing gives you the trend continuation entry point. The count back gives you the projected exit time. John Crane then goes on to show how the exit can be further refined with price projections. Lastly, a methodology for identifying and entering a trend reversal is discussed. This last part was missing from the original book "Advanced Swing Trading" and now with this, the methodology is complete.
The book is packed full of swing and day trading examples from both the futures and stock markets - and the accuracy of this timing technique is uncanny.
- With John Crane's book you will be able to define in advance the market turning points as well as the duration of a trend. It's one of those rare books that offer a trading method that really works and is easy and simple to implement. This makes it the ideal book for the beginner and a must for the advanced trader. The method is valid under every market condition since it's based on the inner workings of price and time and goes to the core of market behavior. If you want a book that offers a trading method that will grow with you this is it. It works! Do yourself a favor and buy it now!
Felipe Tudela, trader and author of 'The Secret Code of Japanese Candlesticks', Wiley, 2008.
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Posted in Investing (Friday, September 5, 2008)
Written by Gary Smith. By Wiley.
The regular list price is $40.00.
Sells new for $13.97.
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5 comments about How I Trade for a Living (Wiley Online Trading for a Living).
- I found this book complicated and useless as a beginner trader.
Gary smith is the real deal but the way the book is written it makes it look intensly complicated i very very much doubt any one could pick up this book and say 'right now i can start trading' it is basically a random mix of memoirs and indicators that HE uses for HIS system.As a beginner trader(at the time) very overwhelmed and it actually put me off.
All i gathered from the book is that he has a feel for the market and goes with that along with his long list of indicators, it will not teach u how to trade but will show u how he trades in such a way that u cannot personally practice it.
He advises against shorting just because he has no luck with it.He also advises against charts because he had no luck with them.The fact is every1 has to develop a system based around there own personalitys and alot of people will be able to click with charts and shorting.
The fact is he dosent emphasise at all the most important points of why he managed to turn his portfolio which is = because he went over his trades, leanrt from his mistakes and created a plan!!!!
There is stuff to learn from the book but this is only contained in 1/10 of the text.
I gave it 3 stars because it has some good info in it its just mixed in with random stuff and it isnt easy to see or notice how its good info until after you have realised it ureself after trading and making mistakes through trading because he dosent emphasise it's importance!
Some1 else also made the point that all his money was made during a raging bull whether or not he kept these gains i dont know(after all he is against shorting..)
- Frankly, I'm a bit surprised over the reviews favoring this book. Yes, it does appear written by someone knowledgeable about the markets; yes, he does reveal *his* methods, but therein lies the problem. What, exactly, are his methods? They are a disjointed mix of different techniques that *he* subjectively uses without really providing a methodical framework for how you can implement those same methods. The book is somewhat like a fellow rambling on and on sitting next to you on a bus, without really showing you HOW to do what he does. Believe me, I picked up the book really *wanting* to believe it could help me and making every effort to make the book *work*. But in the end, I put it back on the bookshelf along with all the other hocum that's out there on trading. Definitely not worth the $40.00 it lists for.
- I first learned about Gary Smith on the floor of the CBOT, where he was something of a living legend to speculators there. This man is the real deal. Yes, he actually knows how to trade, unlike the myriad of charlatans in the trading book business. One of the most important points to emanate from Smith's book is the fact that the man went through years of suffering as he attempted to reach his goal. Trading is not something you can master in a few months. Many people quit lucrative jobs thinking they are going to be the next Jesse Livermore or Nicholas Darvas. Folks, it's not going to happen unless you are prepared to study, work hard and take a series of blows to your trading account and your ego.
It takes years to be a successful off the floor trader/speculator. Gary's book makes a number of excellent points, one of them being that you cannot successfully trade the grains, the softs and the meats off the floor. If you want to be a successful off the floor trader, you must find some type of financial derivative to trade.
Gary writes in rich detail about the various indicators that help him make successful trades. He also has an excellent appendix that lists his favorite books on trading. This is one of the best books I have ever read on the subject of trading. It is a classic in the same league as Reminiscences of a Stock Operator and How I Made a Million Dollars in the Stock Market. Buy it, you won't be disappointed.
- This was one of the first books I bought on trading while I was doing it part time. I was struck by all of the parallels between what he had experienced and what I was experiencing in my trading.
I enjoyed his breezy no nonsense style of writing and the fact that he delivers what he promises, how HE trades for a living. I emphasize HE because if you are a trader It is doubtful that you will trade like him...mutual funds with no technical analysis.
Having said that I did benefit from some of his techniques and discovered a few sentiment indicators that I had not used previously.
I would recommend this book as a complement to a good T.A book like Tom O'Briens Timing The Trade. Together you should have most of your bases covered.
- What I really liked most about this book is that it was written by someone who actually trades for a living instead of a vendor who makes his living off selling courses, classes, and books. Gary Smith took a $2,000 account which he struggled with for 19 years to a $700,000 account after reading hundreds of trading books. How did he do this? By finally quitting trying to go for the big when and focused on gaining money each month. He really made the big money at first by trading S&P futures then when he got in the 6 figure range he switched to mutual funds only because he can not deal with the volitilitu of individual stocks. This book is like a modern day version of Nicolas Darvas's "How I made $2,000,000" it is the true story of how an individual broke the trading code. Here are my key learnings:
1. Trade momentum get in when the market moves up and stay in while it continues to go up, run for your life at the first sign of it dropping.
2. Live and breath the market with the help of CNBC, The Wall Street Journal, magazines, books, and some good news letters,
3. Trade what works for you, whether it be stocks, options, futures, etc.
4. Avoid vendorland in the investment world and focus on educating yourself.
5. The stock market has made 40% of its historical gain from November and December. The best days to trade are Monday, Tuesday, and Friday.
6. Position trading is better than day trading.(Staying in over night or the week end).
7. Agonize over your losses and learn from them.
8. Watch for divergences in the S&P, NasdaQ, and Dow, and buy when one runs up past the others.
9. THE MARKET TELLS IT'S OWN STORY BEST.Watch buying momentum.
He has an excellent reading list at the back of the book that will enrich you. I also recommend reading Alexander Elders "Trading for a living" and Van Tharps "Trade your way to Financial Freedom" for a complete picture on how to really trade for a living.
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How to Open & Operate a Financially Successful Florist and Floral Business Both Online and Off: With Companion CD - ROM
All About Investing (All About)
All About Bonds and Bond Mutual Funds: The Easy Way to Get Started
Critical Chain
Fashion Careers: The Complete Job Search Workbook, 4th edition
Service Management: Operations, Strategy, Information Technology with Student Cd By James a Fitzsimmons
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