5 comments about Stocks for the Long Run, 4th Edition: The Definitive Guide to Financial Market Returns And Long Term Investment Strategies.

1. Jeremy Siegel is the Russell E. Palmer Professor of Finance at the Wharton School of the University of Pennsylvania. He appears regularly on networks like CNN, CNBC and NPR, and is a frequent contributor to financial periodicals.
   
   "Stocks for the Long Run" is the best known book by Siegel, and widely cited. There are more than 100 books that cite "Stocks for the Long Run".
   
   Most of the book takes a long-term view of the financial markets. Siegel takes an empirical perspective to answer some major investing questions. Even though the book has been termed "the buy and hold Bible", the author occasionally concedes that there can be some market inefficiencies that can be exploited. The book is very easy to comprehend and is targeted to wide audience.
   
   If you like the idea of scrutinizing major investing questions, popular beliefs and conventional wisdoms, I would recommend "The Only Three Questions That Count" by Kenneth L. Fisher, which is much deeper than "Stocks for the Long Run".



2. Recently published (end of 2007) very helpful to give an overall view of the world stock markets, with enphasis on the american market of course. In my opinion it gives a helicopter view of the economy and the stock market movements and in doing so it provides you with a map of the "territory" you are moving in (as it were). Great statistic amount of information.



3. Siegel's masterpiece is a must buy for anyone who wants to stop wasting money on mutual fund fees and start accumulating wealth. I give this book and Professor Siegel an A+.
   
   Andrew Nissenbaum



4. Dr. Siegel, one of the top academics in finance, has provided a comprehensive, up-to-date overview of investing in stocks. His book is based on data going back 200 years and is fact based, rather than just opinions or theories. I have been involved in investing for over 30 years and found much new, useful information. This book is a great read for anyone interested in stock investing, whether a rookie or a veteran.



5. In the previous editions of Stocks for the Long Run, Wharton Finance professor Jeremy Siegel offered a thoroughly bullish take on the merits of equity investing that has proved highly influential and largely correct through the end of the post-Millennial Bull Market in mid-2007. In the latest edition of this classic, released in a much more difficult period of substantial market declines, Siegel has added important and more nuanced insights derived from his previous and somewhat overlooked book "The Future for Investors," which came out in 2006. Siegel's basic advice to stock investors is to focus less on growth stocks and index mutual funds (eg., Vanguard 500) and more on looking for tried and true stocks that pay high dividends. He argues that such reinvested dividends are the true source of stock returns, or the "El Dorado." (His term). Overall, this argument is well-presented and persuasive.
   
   However, I am perplexed on a key element. His case is largely based on historical evidence that purports to show that high dividend yield stocks, with dividends reinvested, have accumulated more total return than growth stocks or index mutual funds. However, his calculations do not account for the deleterious effect of taxes on reinvested dividend. (He says in an endnote that taxes are not significant for the portfolios he chose, but does not explain why; for most common stock portfolios, taxes are significant.) Dividends are taxed yearly and until recently at a higher rate than that of capital gains and that of retained earnings, which are not taxed at all. If taxes have been paid on dividends, only the untaxed part can truly be considered "reinvested"; the part that is taxed has to be made up by a new infusions of cash from the investor. The effect of ignoring this is that his historical comparisons are not terribly meaningful because he is not calculating the returns on true (after tax) contributions to dividend stocks vs. growth stocks. Naturally, if more is contributed to the dividend stocks, there is likely to be more at the end. (BTW, this is basically the same fallacy that sunk the allegedly huge returns of the otherwise delightful "Beardstown Ladies" of yore.) Given that the magnitude of the "advantage" he posits of dividend stocks vs. growth stocks is not all that great, one cannot have confidence that he has truly made his case.
   
   That said, his advice is very useful for investors in tax sheltered 401Ks. Also, the new lower tax rate on dividends also helps lessen, though not eliminate, the effects of yearly taxation of dividends.
   
   In addition to emphasizing the importance of the contribution of stock dividends to equity portfolio performance, this book also grapples with a perplexing challenge to Siegel's original stocks for the long run mantra, the much vexed question of what will happen if and when the populous Baby Boom generation attempts to cash in its stock and bond retirement portfolios by selling them to the smaller demographic of Gen X and Gen Y. An entire school of catastrophe futurologists, most notably Harry Dent, but also more mainstream voices like Peter G. Peterson (The Grey Wave) have warned that this so-called Age Wave is about to wreak havoc with stock market investments. In this book, Siegel does not dismiss this issue, but deals with it in a logical and generally less alarmist point of view. At the risk of oversimplifying a complex analysis, Siegel's bottom line is that while it is true that there are not enough younger generation Americans to absorb the Boomers stock and bond assets at current prices, investors in emerging countries, like China and India, will more than make up for that and will end up buying the Baby Boomer's paper assets as the Boomers sell them off to fund their retirements. The upshot is that foreigners will end up owning a lot of our companies by the year 2050. A potential snag, says Siegel, is whether America will be willing to let this happen, or will pass laws or adopt polices to discourage the transfer of US assets to foreign countries. This remains to be seen, but he is optimistic. On the other hand, the implications for the typical Baby Boomer's most important asset, his or her house, is rather dire, because homes can't be sold as readily to foreigners, for obvious reasons. Siegel doesn't provide an answer for the housing market, which is outside the scope of a book on stock investing in any event. Overall, this remains one of the best written and most sensible investment books available today, now offering a more nuanced and even more helpful sets of advice than the previous editions. With new information and analysis, this is well worth owning, even if you have a previous edition.

5 comments about Stan Weinstein's Secrets For Profiting in Bull and Bear Markets.

1. This is an old book that was hard to find (I had a photocopied version). It has sompe personal experiences in stock trading. I was pleased to find it on Amazon.



2. This book educated me on understanding how a stock moves. There is healthy movement, and there is UNhealthy movement. Stan teaches you to buy stocks that will move higher. I can't stress enough that you SHOULD READ THIS BOOK. I learned a lot, and "YES" I do consistently make money in the market using what I learned from this book. I have read lots of other investing books, and for me, this was the book that put me on the path to making money.



3. Weinstein deals with breakout, realtive strenght and volume, has good suggestions for longterm / shortterm stop movement, while he is not interested in the quality of the company, it is a worthwhile read also because of his stock stages description that is also important for industry groups or the market in general.
   If you want to make it much easier finding stocks that might advance big time I would suggest to also read O'Neils "How to make money in stocks..." and focus on top notch stocks. But the stock stages focus of Weinstein is great, as mentioned in O`Neils book on when to sell, the quality of the stock -e.g. stellar growth outlook- is not important only price/volume action - a hint for DISTRIBUTION, in the stock market the future is now



4. While this book is insightful to individuals who have never utilized technicals for investing it is somewhat dated. Adjustments to the moving averages and use of various time frames would enhance its value.



5. We are in deep crisis mode now. And when you read a book, what was written just after 1987 black Monday crash, and understand, that author has survived, and more importantly - predicted most of the crashes - and now listen - also the start of the bull markets, this book turns out to be invaluable.
   And don't trust the reviews who say, it is outdated. Those are eternal truth and classics, that never will change.
   Now, why you would this book especially now? First of all, you would not lost anything, if you would use the authors system - you would be out of market already in september 2008.
   And more - now, once I am writing this, we are in stage 4, and the stage 1 is to come - I know 100 % - i will know exactly when is the time to buy, and there will be no emotions, or catching the falling knives - Weinstein tells it's all with a graphs, and easy examples.
   After all - you will at least stop loose the money, if not earn, after you walk away with this book. A must read

5 comments about Trading ETFs: Gaining an Edge with Technical Analysis.

1. This is an excellent book! A must read. I never wrote book reviews in the past but I felt compelled to write one because this book details a methodology that I can believe in giving me the confidence needed for successful trading. In addition to reading this book, make sure to subscribe to Wagner Daily, Deron's newsletter. It is a great complement to this book and it is a real time application of all his trading methodologies.



2. I thoroughly enjoyed this book. I actually read it cover to cover twice, and I use it in my trading. Its the kind of book that should be used as an on-going reference work. Deron combines great educational content on technical analysis and trading set-ups with his actual trades. There's a lot of content and experience packed into these pages that can really help a novice and/or experienced trader/investor alike. In today's volatile markets, ETFs offer a great trading vehicle. Deron's method is very easy to understand and makes for an implementable method for most investors. This book is an instant classic in my opinion.



3. Deron Wagner desrves a great deal of credit for having the courage to break the mold on Wall Steet. A wonderful book for experienced investors.



4. This is a great book to learn about ETFs and how to trade them. Deron Wagoner shares his knowledge and outlines a concise methodology for trading. Definitely a reference book you will continue to profit from.



5. Deron Wagner,in Trading ETFs, has presented a very simple, logical and, I think, successful approach to trading ETFs. In a very readable and understandable style and utilizing numerous chart examples, Mr. Wagner describes how he goes about finding the highest probability trades, how he determines the optimum entry point, how he manages open positions, and how he exits positions be they big winners, breakevens, or losers.
   
   He describes his approach as being a "top down strategy". His first step is to determine the direction of the broad market trend; then, once the trend is determined, he finds those indexes that have the most relative strength or weakness compared to the major indexes; then he selects the strongest ETFs within those indexes (or weakest if going short); then he looks at volume for confirmation; and finally he uses one or more of several techniques to properly time the new entry into the selected ETF.
   
   The one thing that I liked most about Mr. Wagner's book was his use of clean and simple charts. He uses almost exclusively only two and sometimes three moving averages, draws simple trendlines and areas of support and resistance, and shows volume levels and averages. He does not "goop' his charts up with additonal indicators such as MACD-Histograms, slow stochastics, and RSI. While these indicators are certainly very useful to many traders, Wagner's plain, simple approach of looking only at price action and volume confirmation has a lot to be said for it.
   
   Risk management and position sizing are touched upon only briefly but adequately and his comments about using trailing stops are most enlightening.
   
   The two chapters describing case studies of 10 ETF's bought long and 10 ETFs sold short are most useful in illustrating the use of Mr. Wagner's various setups.
   
   I have read Trading ETFs only once now but I am already looking forward to going through it again a second and third time. It is the type of book that you can only absorb only so much the first time around but pick even more pearls of wisdom on subsequent readings.
   
   Needless to say, I recommend Mr. Wagner's newest book highly.

5 comments about The Complete TurtleTrader: The Legend, the Lessons, the Results.

1. The book will be very interesting for readers who are new to trading literature and moderately interesting to those who have already read about trading, and trend trading in particular (I've read the author's magnum opus "Trend Following" and recommend it strongly).
   
   As to the guide motive of The Complete Turtle Trader I wasn't convinced that "The Turtle experiment proved that nurture trumps nature" as the author states repeatedly. Why?
   
   1/The Turtles were recruited not randomly but in a careful selection process. Clearly, they were perceived by R.Dennis as candidates having certain natural potential to become traders when nurtured/trained.
   
   2/Turtles didn't risk their own money which seems the number one obstacle to trading success - a psychological one, it is called fear, while all the Turtles had to fear was not following through on job description provided by R.Dennis and W. Eckhardt, helpful indeed, although still not an easy task. Why only a small minority of the original group remained successful traders, or traders at all, after the experiment was over(many turned school teachers we learn)? In my opinion the conclusive experiment started rather then ended when the group got disbanded.
   
   3/This point is less important than the earlier two - Turtles didn't develop their methods which is an intellectual challenge, in fact less formidable than the psychological challenge of trading, and also weren't faced with the question whether or not to adjust their methods when and if markets changed. As far as I know the 20 day breakout they applied with success during the time of the experiment doesn't work nearly as well as it did (famous L.Raschke, one of J.Schwager's Market Wizzards, has coined the name "Turtle Soup" for one of her trading setups - fading the 20-day breakout.
   
   In conclusion: narture alone can very often be insufficient to become and remain successful at trading.



2. It looks like ideas from this book still works. One of the interesting example of similar approach - Alexander Rezviakov in Russia, whose approach very similar to approach in this book. Even ideas like "...looking at the news for decision-making cues was the wrong thing to do.". Very interesting, that Alexander start his public lectures about a year before this book was published.
   
   Maybe Donchinan's channels are old-fashioned nowadays, but main idea - turn off TV, focus at the price, catch the trend, use stops and some other - is still is up to date.



3. Congrats - All the basics are right in front of the reader... The info in this books gives the serious reader a basic structure, and allows them to then build their own personalized methods around a time proven concept.
   
   Eastern Research & Trading
   Bill G. / Singapore



4. Good book. A lot of traders get caught up in the fundamental garbage, especially when they start out. Focusing on the noise just takes your attention off of what really matters - making money. I can't cant the number of times when a crop report comes out that supports my bias on the market, only to see the market move the opposite direction. The author did a great job of showing a simple system that performs over time. Too often we trade to feed our ego, not to make money. I don't know about you, but I just want to make money. The easiest way to do it is to follow the method that others are using to make cash. This book outlined the strategy and showed how others are doing it right now. It almost gives you the edge because you don't have to do the research on what everyone else is doing. This book straightens out the learning curve.



5. 
   Based on the title "The complete Turtle Trader" I was expecting more than a story describing the different participants, results and trading personalities. The book did not discuss the trading methodology in any details that can allow an average trader to duplicate. Most of the Rules were general in nature, for example "buying new breakouts" "being comfortable in shorting the market" "stop watching TV and base your trading on price action, i.e., open high low close". A more detailed description on risk control and money management is given but not much different than you find in other books.
   The last 40 or so pages are a compilation of trading results with the appendix.
   One interesting point is that Turtle Traders in most cases were not using their own money which takes out the emotion from trading and this could be the reason for their success. A feature that cannot be duplicated by someone trading their own money since emotions always tend to get in the way.
   Nevertheless it is an interesting read and for that reason the 4 star rating

5 comments about The Little Book That Beats the Market (Little Books. Big Profits).

1. As someone who is not in the real savy in business and has little to no financial advisory background- this book is right up your alley if you just don't understand the complexity of the stock market but are still interested in investing.
   
   My brother is a financial analyst for a fortune 500 company and could not get me to understand the stock market and mutual funds etc- for the life of him! He read this book and then forced me to read it as well. I am glad I did because it was easy to follow and made me excited about investing my money into avenues that will provide much higher yields that 5 to 8% a year.
   
   The author wrote this book for his middle school children to help them understand investing in the adult world so to speak- Well he did a phenomenal job and published it for the rest of us-
   
   A good pick for beginner investors or people who would like to invest their money in stocks and funds with little background in the field. This would also be a good "starter" book for someone who wants to get into the stock market.



2. Very insightful, and excellently written. Despite the name this is not another shallow book, full of cliches and nothings. In a really entertaining fashion Greenblatt explains in very simple easy to understand illustrations, what stocks are, how they are traded and the basic principles of the stock market and market fluctuations. He then builds on these principles to teach the fundementals of wealth building that most successful investors utilize. Alot of basic principles that somehow a lot of smart investors forget. Great reading for the experienced, and novice alike! This book should really be required reading in high school and/or college.



3. I read every chapter of this book while at Borders except the last one, so I cannot vouch for the effectiveness of the "Magic Formula" website that seems to generate so much controversy. I can, however, clarify a glaring misconception in what Goldblatt wrote in his book.
   
   Contrary to what many of the reviewers wrote (especially the negative reviewers), Goldblatt was not insisting that people focus only on Return on Assets and P/E ratio. Goldblatt was also not insisting on a definition of "capital" (within his concept of "return on capital")that leads to an over-emphasis on services over manufacturing. He illustrated perfectly his two pieces of investment data in the following ways:
   
   First, Return on Capital can be best interpreted as a return on invested capital. If it costs $1 million to build a retail store and that store, within a year, generates $2 million, then the ROC is 100%.
   
   Second, his other measure is really a profit-yield per share. You get this measure by taking the amount of profit generated by a firm, dividing it by the number of shares outstanding, and then dividing that by the share price times 100. So, if a company has a $1 million profit and it's selling a million shares for $10 a share, then the profit-yield per share is 10%.
   
   These two concepts seem to form the core of value investing in that they discipline a person to invest in the market as if they were buying a business or a partnership share in the business. The relevant question in any such investment is always "how much will my partnership share make?"
   All other factors are just risk management.
   
   The trick is finding data to generate these statistics. I don't know how well Goldblatt's website does that.



4. This brief text is a good read for the novice investor who wants to learn more about equity valuation. Basically, it distills the drivers of stock values into two components: return on assets and earnings yield. Buy stocks with strong numbers in both of these categories and, over time, you will outperform the market. Only problem with this approach is that stock values are based on expectations of FUTURE performance. Stocks often have high earnings yields today because professional stock pickers expect their finances to degrade in the future. Forecasting future performance is what is most important. The author fails to stress this concept.
   
   For the novice investor, the author is able to explain some of the more fundamental concepts of equity valuation in a straightforward manner. Yet, this text would be only one of a several books someone should read before trading individual stocks instead of purchasing mutual funds.



5. Great info with a humorous touch and a link to data to use in applying what you learn. I am not going to apply it until a more normal market comes along though.

5 comments about Trade Your Way to Financial Freedom.

1. If you are looking for trading recipies, this is NOT the book for you. This books describes the trading process in an open approach, whithout selling speaches, trading formulas or magical enchaments. It describes the importance of risk management of your trades, and the pshycology and biases that are part of every system. Though general, the offered information serves both from what someone would call academic understanding, and the practical side of trading. The book is not academic though, as you will not see tons of equations, proofs, or algorithms.
   I think it is a must for everone that does not want to jump into trading someone elses formulas, but to understand the mechanics and the psycology of trading. It contains references to other books that will help you understand the trade reciepies.
   So if you want to understand what you are doing, or at least what you are supposed to do and the biases associated to your decisions, buy the book. If you want to trade like a maniatic daredevil who is told what to do by following nonsense schemes, you dont need this book.
   No wonder why some readers were dissapointed. My impression, its the readers fault not to aim to higher goals while buying and reading a trading book.



2. I think this book is over-rated. You can find better information in other books. For example, Alexander Elder's "Trading for a Living: Psychology, Trading Tactics, Money Management," and William O'Neil's "How To Make Money In Stocks: A Winning System in Good Times or Bad, 3rd Edition." Both books are good and easy to read.



3. Essential reading for any budding trader from any planet.
   Find out why trading is exactly 100% psychological.
   If you harbour any other point of view, read this, you must.
   
   Cheers, Yoda.



4. The authors tried to cover many aspect of trading, from technical, fundamental, psychology,... he comes with a lot of information that bring nothing to your trading. He explain very simple thing in a complicate manner, sometime not easy to understand. I think he doesn't know much about trading and all his writing is from the conversation with others (limited) trader. If you are looking to learn about trading and want start to trade it is not a recommendation, you may try to read what Alexander Elder wrote for example. Anyhow, you don't need to buy them, you can download for free the E-Book using P2P such emule...



5. An extremely fun and exciting read when it comes to books on trading. This book more than met my expectations. It will guide you to define your expectations and goals for trading in a very simple, clear and concise manner. This book should be required reading for any and all traders, beginners or advanced alike. It is perfectly outlined with simple steps and guidelines and then summarized at the end of each chapter. Should be read by all so called "trading gurus" as well.

4 comments about DeMark Indicators (Bloomberg Market Essentials: Technical Analysis).

1. I've been struggling for weeks now to recreate many of Demark's indicators for the Ninjatrader platform in C# - relying soley on the original explainations in Tom Demark's book. There are a lot of very detailed logic rules for these indicators that , if you blink, you'll miss a step in the procedure. Jason Perl's book is exactly what I have been looking for.
   He breaks down each indicator in a top down pseudo code step by step format that makes understanding and code translation a breeze. There are also numerous Q & A's that I found extremely insighful.
   HIGHLY RECOMMENDED!



2. For years I've been trading using Tom DeMark's indicators, I have produced my implementations of TDSequential, TDCombo, TDST ( In QuoteTracker, Worden Blocks e.t.c). It was a very long "trial and errors" process.
   DeMark's works have lots of haters who have difficult time to admit that something that "simple" could (if interpreted correctly) produce such steady trading profits in ANY kind of market.
   When I saw this book appeared on Amazon - I ordered it right away, just needed to see what it had to offer ( so little info on DeMArk for retail full time traders)
   I wish I had that book when I was coding DeMark indicators - it would save me lots of time - this book is a "MUST READ" for anyone who is a serious trader, it sorts and logically arranges what was scattered across the pages of DeMark's own books. THANK YOU!
   DavidDT of trading-to-win



3. This book is excellent if you want to know how to construct the DeMark indicators. It tells you all the parameters and goes into all the subtleties. However, if you are buying this book to write a black box it doesn't give you a full trading strategy. The reason for this is it allocates very little time on exit strategy - 95% of the book is on entry. Additionally there is no description as to how the default parameters have been decided. (The 9 and 13 particularly - they are just assumed from page one.) However, as I have said, if you are looking for a book that clearly explains the entry techniques that DeMark uses this is for you.



4. This book provides the clearest exposition of Tom Demark's work that I have seen, explaining both how to implement the indicators and giving suggestions for interpreting them as a discretionary trader or as part of a mechnical system.
   
   It is written from the perspective of a practitioner and targets that audience - Jason has been extremely generous in disclosing many tricks of the trade in applying the indicators that one otherwise could only learn painfully from watching several years of market behaviour under different regimes. For example, he explains how a trend-follower can use TD Setups in combination with TDST lines - an idea not explained elsewhere.
   
   Jason Perl is the expert on the application of TD Wave (Tom Demark's rigorous variation of Elliott Wave), and the explanation of how to use this tool in combination with other indicators is on its own worth a multiple of the price of the book.

5 comments about Jim Cramer's Mad Money: Watch TV, Get Rich.

1. A great follow-up by Jim Cramer to his book "Real Money." In "Real Money" (read that one first), Jim explains some of the basic ideas you can use to stay slightly ahead of the market. Jim often says (in his books and on TV) that he doesn't believe in a pure "buy and hold" strategy, but rather "buy and homework." In Real Money he explains some ways you can know the time to BUY... in this book he adds more detail, and further explains all of the required HOMEWORK you have to do before buying, and what you have to do to know when to SELL SELL SELL. His style is entertaining, and his language is straightforward. A great book for those small investors looking for plain talk and a way to understand the market.



2. I've heard all Jim's books and I remain a huge fan of his teachings. I have utilized his advice for my investment strategy.



3. This guy is nothing short of a genius in my opinion, I've purchased all of his books I'm pretty sure and have NEVER been dis-appointed with them. He's a 5 STAR AUTHOR all the way.



4. I listened to the audio version of this book. Or at least I tried to. The first 30 minutes were completely hype. No content whatsoever. I got so tired of his voice, the way he talks, and all the hype that I couldn't continue the book. Sorry. I hear his earlier books were better.



5. Some have said that a New York accent is the most effective method of birth control known to man. If that is true, listening to Jim Cramer may be in the second slot. It has all the appeal of a fingernail scratching a blackboard ...
   
   It could alternatively be titled, "Jim Cramer's Mad Money: Listen to it, Get Annoyed" I listened to the entire book on CD and IT FEELS LIKE CRAMER IS CONSTANTLY YELLING AT YOU!!!!!!
   
   Egads, pass me the Ibuprofen...

5 comments about The Complete Guide to Investing in Short Term Trading: How to Earn High Rates of Returns Safely.

1. I've read quite a few books on investing stocks and bonds and this is the first one that addresses the motive behind it all; Emotions. I particularly liked the "Success Stories," a brief yet in depth look at those who have prospered from using this book. As the chapters proceed, stock market buzz words and other important terms are explained in easy to understand, layman's terms. This book provides an entertaining and practical read.



2. For the serious investor, all the information you need to know and do before you make a trade is in this book. It becomes clear that Northcott wants you to become comfortable with the idea of trading and identifies the many challenges that new traders face. He doesn't send the unrealistic approach that you can win every time, but instead explains that you can trade without risking everything if you follow the guidelines in his book. You begin to discover what category you fit into with the different type of traders that are presented in the book and what might work for you using a variety of trading topics and interviews from those who work in the business everyday. Each chapter ends with a summary and a list of important terms filled with tips to become a natural in investing.
   
   Even if you don't invest, you can understand how investing affects everyone and what it takes to become a part-time or full-time trader. Northcott warns the reader to watch out for greed and fear and lets you know what to expect in the industry. Most of what you need to know about brokers, placing your orders, and how to establish a business plan to make your dreams into realistic goals are in this book. Precise information on the different markets and stock exchanges allows the reader to understand more on market makers and market pricing. The chapter on how to view charts is very helpful in deciding on future investments or to understand current investments and analyze stock trends.
   
   Northcott says there needs to be a balance between being safe and taking risks. I'm a frugal person and not one to take a chance, but I might give it a try now. Although some of the information in this book can be presented clearer at times, this book is easier to understand than other investing books. It gives you the tools to make the decisions you will need to make in this profession that will help you to succeed and recognize an opportunity over a downfall.



3. When people first think of trading as a profession, they typically focus on two key elements - self employment and lots of money, and probably not in that order. But The Complete Guide to Investing in Short Term Trading sheds light on the reality of trading - that it's hard work and, if managed the right way, can be quite rewording.
   
   The book opens with a review of the many emotions involved in trading and how there needs to be a balance to have a successful career in trading. It also offers a detailed look at various types of markets (Broad, Stock, Bond, Futures, Options, Forex and Commodity), the types of traders associated with each (Day, Swing and Position), and an overview of order placements.
   
   In detailed description, the book educates readers considering a career in trading about the ins and outs of the trading profession. With its step-by-step instruction, this book is a terrific business tool for anyone with a desire to participate in the world of trading. It offers fundamental information including a glossary for novices and more advanced information for traders already working in the field.
   
   This is one comprehensive book for anyone considering a career as a trader.



4. This is an excellent choice for anyone that is looking for a book to start out with and learn the basics of trading. The author does an excellent job touching on every topic you will need in trading, some of these are: how greed and fear factor into the markets, how the markets operate, the differences between swing traders, position traders and day traders, the different kinds of orders that can be placed, market or limit, stop order or limit stop order, trading using fundamental analysis vs. technical analysis, and the importance of money management in trading, along with the importance of building a trading system that fits your personality and gives you an edge over the markets.
   While experienced traders will get very little out of this book, it is a nice refresher on the psychology of trading and the importance of following your own stock trading system and following your own rules. I rank this book as 5 stars and a must have for traders just starting out, it is a great stepping stone to more advanced books from Alexander Elder and William O'Neal.



5. You never know anything about the markets, Dow jones and that an uptrend means the trend goes up? than the book is the right choice for you. The book is an general beginner guide to investing/trading. About short term trading you will not learn anything at all. Consise informations about what to trade, markets you can trade, that you need a computer, an online broker, different orders... that kind of information what you get in internet, even much more detailed, for free. Printed in big letters with the main points again in the end of every chapter can acctually reduce the book to a small bochure. On page 132 we come to technical analysis. Very basic graphics explain line,bar, candlesticks and some chart formations. That is all about charts. Short introduction to RSI, Stochastic,ADX with no graphics at all complete this disappointing book. You can give it to your small kids when they start to ask you about the markets. A real bargain to understand short term trading is, Toni Turner, beginners guide to short term trading, 2nd edition. Full packed with information, charts and tips. Than I recommend the classics from Alexander Elder,van Tharp and Murphy , kirkpatrick for technical analysis or Bulkowsky special for Chart patterns. Check Steenbarger for the psychology of trading. When your are not totaly dull dont buy this book from Northcott.

5 comments about One Up On Wall Street : How To Use What You Already Know To Make Money In The Market.

1. It's a small book with no depth. Might be relevant for people who are clueless about stocks but definitely not for people with general idea about stocks.



2. I thought this book was an abreviated version of the full book, however this book is actually a miniture ~2inch micro-pocket version of the full book. Text is full size, thus it only contains a very few high-level comments. I was hoping for a boiled-down version, but got mini-me.



3. I was going to do some online trading and bought this book too learn more about selecting stocks. Mr. Lynchs' statement that he considered himself successful if 6 out 10 stocks he selected increased in value changed my mind. I want to thank him for waking me up. I will stick to index funds and wish all the online traders the best of luck.



4. I struggled with the 1st 74 pages or so, but after that this book is excellent. There is a section he titles Kicking the Tires, in short he goes over how to evaluate a company and to stay away from the 1-2 year fly away companies. I remember when everyone was selling Apple back in the day, Peter did the opposite and started gobbling up shares. As he somewhat states, the wheels on Apple were still good.



5. Peter Lynch wrote a classic with One Up on Wall Street. Peter Lynch was lead investment manager of the Magellan Fund, which is arguably the most successful large $ mutual fund in the US. He no longer manages the fund but in his book he lets us in on some of his secrets of choosing stocks.
   
   His approach is rather simple. Buy stock in something that you know. As a consumer and a personal investor we have the ability to know products before anyone on the street knows about them. For example he got in on the stock Yum Brands because he bought a Taco Bell burrito years ago when it first came out. He believed that their set up and approach would work and so he put some money into the company.
   
   His suggestions like listening to things Oprah likes are great simple tips that a typical investor may not even realize we have more information on than wall street on a daily basis. His book is a read for all investor types from beginner to advanced. Enjoy!