5 comments about The New Market Wizards: Conversations with America's Top Traders.

1. I read the books backwards - New Market Wizards first and then Market Wizards. I liked them both. To me it was like trading food. Here is a group of rather normal people who have mastered the art of making money. The books fed my appetite for trading knowledge and developed my willpower to trade.
   
   These are a great read - I will, no doubt, probably read these often just to get the mental boost that they offer. Highly recommended!



2. Schwager's interviews are good. Where can you have chance to see how these top guns trade? obviously, some of them were more reserved and didn't give up much useful information. but remember these people don't have to share anything. i am glad Schwager took the pain to finish this project!



3. this book has inspired me to make billions of dollars. Since reading this masterpiece i have accumulated over $27 billion in currency and day trading market. AHH DAAAAAT !!!!!!



4. Worth the time to learn how expert traders analyze the market. One of many in my collection.



5. A bunch of interviews with traders. Some interesting and some less interesting, but that can be expected. You are bound to find some of the interview very interesting - naturally totally unsystematic. I would say it is more of a book you read one chapter at a time and for fun, rather than in a focused manner. If you come across something surprising then you read more carefully and maybe investigate a bit more.

5 comments about The Five Rules for Successful Stock Investing: Morningstar's Guide to Building Wealth and Winning in the Market.

1. I really really like this book and keep going back to it. Mr. Dorsey has a knack for presenting what could be very confusing obtuse financial information and definitions into concise and simple manner without dumbing down the reader. The book has some simple rules that could be incorporated into a stock picking stategy. Combined with other books from william O'Neill and Peter Lynch, it just adds to what goes into picking a great stock. Isn't it wonderful that most of the information is available free on the net? I don't invest in stock recommendation services for the simple fact that I want to learn how to pick good stocks for myself without having to fall back on the crutch of someone else's opinion, cuz that's basically all it is, an opinion.



2. The book, "Five Rules for Successful Stock Investing," is an outstanding read.
   
   It covers ALL aspects of choosing equity investments (though stocks are the focus). Best of all, it takes a fairly complex subject and breaks it into digestible chunks. For example, the author goes through the process of reading financial statements (annual report and 10k), showing where the money appears and disappears without requiring a bachelor degree in accounting.
   
   Digestible chapters simple means that there is one idea which is developed for each section and not so much detail that it becomes a textbook exercise. (One does not lose the point of the discussion.)
   
   It is illustrated with examples of well known companies, with an explanation of why the best answer is not always the obvious answer.
   
   Finally, it is written in a style that is thoroughly readable.



3. This was a solid introduction to value investing. I especially appreciate that it takes the time to break out the nuances of different industries and how this impacts your investments. The approach outlined makes a lot of sense -- very logical. It makes me wonder why anyone would do it any other way.
   
   After losing money too frequently on poor investments in otherwise good companies, I decided that there had to be a better method to investing than what I had been following (which was my own ad-hoc approach). I purchased a handful of books on value investing and I would say that this was the best and most thorough of the group. Using the principles layed out in this book, I can tell exactly what I was doing wrong and have already seen an improvement in the investments I choose. Despite a market that is significantly down, I'm holding steady and now have a much more confidence that when the market picks up, I will be in the right place.



4. I have just recently entered into the world of investing, and this book has really helped me to have a much better understanding of what I'm doing. At first, I was more or less just picking companies (hey, I like this one, etc). Dorsey's book was very helpful and informative. It gives you a ton of suggestions on how to evaluate a company, and it guides you through the some of the hard-to-read financial reports.
   Before reading this book, I read Phil Town's Rule #1 book, and a lot of the basic principles are the same, but Dorsey's book actually explains the concepts to you. I cannot recommend Town's book.
   I would heartily recommend that everyone read this book before they begin investing. You will be glad you did.



5. Now, you can't breeze through this book like you would "One Up on Wall Street," but that's because this book covers a lot of accounting and financial concepts involved with companies. It's sort of a textbook on how to find good companies using various different financial metrics. Dorsey definitely knows his stuff, but in order to learn what he's teaching you, you've gotta pay rapt attention throughout the entire book and have pen in hand to highlight everything. I'm an engineer by profession, so I'm accustomed to working with math, etc., but getting into the accounting and financial terminology for most of 350 pages can be exhausting. The back half of the book is downright revolutionary in that it explores the different investment sectors (e.g. health care, retail, consumer products) and tells you how to analyze companies within those sectors.
   
   It might seem obvious that one should generally be wary of restaurant stocks because, hey, you eat at the Outback all the time and you see it's crowded all the time, so you should by the stock, right? Maybe. Dorsey explains it to you and you say, "Yeah, that makes sense." Any schlub can whistle on down, rent some space and start cooking meals for people. That's why the restaurant business is highly competitive, 'cause it's easy for competition to sprout up.
   
   You should definitely have a copy of this book if you're a serious investor, but don't think you're just gonna kick back on the beach and read it (unless, of course, you're not really serious about an education in investing).

5 comments about How to Trade In Stocks.

1. I have read many books on trading and have to agree with many other reviewers here - Livermore's original text is like gold. On some pages I found myself underlining almost every line. I found that the second two thirds of the book were filled with repeat quotes, repeated charts and some spelling errors. For the first third though I have given it 4 stars - the original text is hard to find (although I have just picked it up now on Wikipedia thanks to another reader's review). Trade in the strongest stocks in the strongest sector!



2. I had previously read the 'Remininscenses of a Stock Operator', which I found to be an interesting story and hence I decided to read this book hoping for some concrete trading ideas.
   
   Unfortunately, it was a total waste o $13+pp and a few days' time.
   The author uses some fancy terms (thought of by himself), makes some analogies to a friend of his from the army, but eventually I do not feel more educated even by the smallest of margins.
   
   Any "advice" "offered" is very vague and the entire book is very thin.
   
   Actually it leaves the impression of those $100 books sold on the internet containing the secrets that reveal the stock market's holy grail and will only be sold in a few houndred copies, so that only a few selected ones will be let into the "circle of stock market future tycoons".



3. A good book for the new trader.
   Follow the hints provided by Mr. Livermore, but, be careful; don't let greed to guide your trading decisions.



4. Livermore lived during the Great Depression and was known as "The Boy Plunger" for taking on large positions. He had been trading stocks since he was 15 and was regarded as one of the best speculators of his time. He made and lost millions, and this was back when a million was a lot of money. If Livermore was alive today he would be one of the most sophisticated traders around.
   
   I've read this book eight times and every time I read it, I pick up something new. It's so easy to read it feels as if the author is talking to you one on one. In the book he reveals his personal rules of trading, his money management procedures, his entry and exit strategies, and his rules for emotional discipline.
   
   A lot of what he says is common sense. At least it seems that way when he explains it but it goes against what the Wall Street machine tells us. For example, Livermore stresses that you should "never average down. Why add to a trade you are already losing money on?" He also describes the foibles of buy and hold. Many people of his time bought the blue chips of the day - the railroads, steamship companies, buggy whip companies, and others who are no longer around. "Life is change" he reasons, "your clothes change, your kids change, you change lovers. So why cannot the reason you buy a stock change?"
   
   Some of his rules include:
   
   Always trade with the trend, along the line of least resistance.
   Make sure all the factors are in your favor before you make a trade. (The factors are detailed in the book)
   Stay with the leading stocks of the day
   Group action is a key to timing - Stocks do not move alone.
   Don't buy your entire position at once.
   Always have a stop before you get in a trade. (Livermore used 10%)
   Never takes tips from anyone
   Never argue with the tape.
   You should not be in the market all the time.
   
   One of the things that helped me was that after a large successful trade, the author recommends taking half the profit out of the market. Put it away somewhere safe.
   
   Even though the author says he never used charts, it seems that he was a technical, trend follower by today's definitions. He got in on what he called Pivotal and Continuation Points which he describes in Chapter 5.
   
   Even though most of the book is put together by Smitten, it is still an enjoyable read for someone looking to put together a trading strategy and system. Someone who is new to the stock market will find a plethora of beneficial information. And the infomercial other reviewers have mentioned is only a short 6 pages at the back of the book. I've also read Reminiscences of a Stock Operator (Wiley Investment Classics) which is the story of a trader based on Livermore's life and Smitten's Jesse Livermore: World's Greatest Stock Trader and learned a lot from each of those as well. Both highly recommended.
   
   I hope this review helps you in your decision to buy this book or not. I find that it is a mandatory read for all investors and traders. It has definitely helped me to improve my stock trading. If you want to read more of my reviews of stock trading and investment books, you can get them at TheTradingTipster.com



5. Well written book with much useable information from the master of stock trading. I have purchased many books on the market and this ranks near the top of the list.

5 comments about The Ultimate Dividend Playbook: Income, Insight and Independence for Today's Investor.

1. Nicely lays out the plays to find a money generating stock for the long haul. Very helpful in todays environment.



2. Solid, detailed analysis, which will help you to understand why you should have some degree of emphasis on dividend stocks in your portfolio. Written in an easy-to-read style and highly recommended.



3. I DO BELIEVE THAT JOSH PETERS HAS DISCOVERED THE HOLY GRAIL OF "HANDS ON" STOCK MARKET INVESTING ! I CAN'T THINK OF A BETTER WAY TO GET RICH SLOWLY THAN COMPOUNDING INCREASING DIVIDENDS OVER A PERIOD OF YEARS. WORKS LIKE MAGIC, ESPECIALLY IN RETIREMENT PLANS. LOTS OF FUN AND LESS STRESS.
   
   TRY IT, YOU'LL LIKE IT !



4. This is the first book I've read in a long, long time that devotes itself entirely to dividend investing. I agree with the author, that dividends are too overlooked by most investors. The author presents a three-principle paradigm to dividend investment. He emphasizes the importance of patience, which is absolutely necessary because dividend investing is about income, not growth or fast (or even medium-speed) gains.
   
   However, I find the book wordy and hard to follow. Usually after reading a few pages I begin to feel drowsy. (A good book to keep for sleepless nights!) Worse, the author does not present a ready-to-use cookbook for finding the "right" stocks; he does a slightly better job in describing how to construct a porfolio, but overall, you really will have to read the book several times, and TAKE NOTES, in order to decipher his methodology. Or, as he suggests multiple times, just subscribe to his monthly newsletter, for a fee, of course.
   
   He also puts down income mutual funds, which I find both unnecessary and self-serving. I believe you can have a good dividend investing strategy with top-quality equity income funds -- I've done just that with my UTMA account.
   
   In summary, if you have a lot of patience and are willing to live modestly, this book gives you motivation for a boring but steady investment strategy (as long as you don't fall asleep reading it). Given the economy is likely to worsen in the coming years, I think a lot of cautious investors should find the message here invaluable.



5. Simply put, we are in a period where growth stocks are going to be hard to find and income should be a priority. I think this book will be good for novice and seasoned investor alike if you are not using dividends, you should be. Easily worth the money as both my wife and I read the book and recommended it to friends. It gives clear advice and tactics that anyone can use which is important in any investing book.

5 comments about Beating the Street.

1. If you are looking for books that will sharpen your skills as an investor put this one on the top of your list along with books about Warren Buffett and Phillip Fisher. Peter Lynch was one of the all time greatest mutual fund managers ever during his time at the Magellen Fund. We are fortunate that he wrote several books in his retirement. This book will give you a good understanding of Mr. Lynch's investment style which include: investing only in companies you understand, use the knowledge you have of your own industry to outperform Wall Street analysts, trips to the mall are great opportunities for research by looking at which stores are the busiest, and keeping your eyes wide open to hot trends around you. Lynch believes in buying stocks at reasonable P/E ratios, and loves to buy if the P/E matches the earnings growth rate of a company. He shys away from companies when the stock price out performs the earnings and the stock becomes over priced. Lynch believes that eventually the stock price will reflect the value of a company, so it is great to get an excellent company for a low stock price.You get many examples of how he picked stocks for his Barron's round table in 1993, this gives excellent insight into how his mind works, Peter Lynch is truly a genius at stock picking for long term investment. You will receive 25 golden rules from Peter Lynch in this book, follow them and you will do very well in the market.



2. After managing the Fidelity Magellan fund for thirteen years, mutual fund guru Peter Lynch retired on May 31, 1990 at the age of forty-six. Since then, Lynch continues to propound his message that the amateur investor has a distinct comparative advantage in stock picking relative to Wall Street professionals. For example, mutual fund managers are restricted to investing no more than 5% of their total assets in any one stock, and they cannot own more that 10% of any one company's stock. These constraints limit their profit, but not for the average investor. Lynch adamantly chants his mantra, "Buy stocks! If this is the only lesson you learn from this book, then writing it will have been worth the trouble" (18).
   
   One major reason for touting stocks is that they have grown by an average of 11% (i.e. 8% capital gain + 3% dividend) per/year over the last seventy-years, despite over forty market corrections. Aside from short-term stock-price fluctuations, Lynch believes that in the long-run there exists a strong correlation between the success of a business and its stock price. Therefore, anyone can successfully invest in stocks provided they use common sense observation, and proven valuation strategies that they recheck every three-months. Lynch recommends the NAIC (National Association of Investors Clubs) to neophyte investors who want to learn how to evaluate a business, and be part of an organization whose methods routinely beat the market averages. Amazingly, 75% of professional mutual fund managers fail to outperform the S&P after fees.
   
   When searching for possible companies to invest in, Lynch visits the Burlington Mall in Massachusetts to see where everyone shops. Lynch says, "The very homogeneity of taste in food and fashion that makes for a dull culture also makes fortunes for owners" (152). When analyzing stocks Lynch looks at several prospective indicators:
   
   Fundamental Analysis:
   1) Look at for stocks whose charts show earnings above price. These businesses have value that have yet to be priced-in
   2) The P/E ratio shouldn't be greater than the business' earnings growth rate
   3) Particularly in retail stocks, look for an increase in same-store sales
   4) Best conditions for businesses to grow earnings are in niche or regional markets where there is little competition and much room for expansion
   5) Insider buying is a good sign that the business is doing well
   6) Look for arbitrage opportunities where a business is selling at a discount relative to its peers despite similar composition and performance
   7) When taking a "top-down" approach look at the "affordability index," median home value, and % of mortgage defaults published by the National Association of Home Builders
   
   Technical Analysis:
   1) Buy stocks on Mondays, and from October through December when historical prices are lowest



3. After reading this book, I felt I got everything I set out to gain from this informative book. The content is relative today as it was when it was first written, the change in mindset gained from this book has been quite extraordinary.



4. This book is old school, but boy is it a classic. I've always been fascinated with stocks and the stock market but in the late 90s, past the apex of the day trading craze, I decided to set a small amount of money to partake in some of the action. I set up my account, started watching CNBC like a nut, and dove right in. Before doing so, I used Mr. Lynch's book as my guide and the biggest thing I learned is to stay grounded and avoid the mania and manic depression of the market. This book is not for slick, know-it-alls with pretensions of timing the market and making fast money, Vegas style. No, this book is for sober grown-ups who are willing to take a longer and more rational approach.
   
   I think the best lesson the book offers is to stick to investing in companies you know and trust (and buy from). By following that simple advice I've been able to earn very handsome gains. In addition, the primer on how to read a balance sheet is easily worth the price of admission. There's just lots of great information presented that will make you a relatively savvy investor. This book demystifies a lot of the perceived complexity of the market and shows ordinary people how to get in on the action. It's sober and timeless advice you can use even today.



5. Peter Lynch discusses his successful 13 years of running Fidelity's Magellan mutual fund. After a short professional autobiography, he explains his methodology for selecting stocks and explores a few dozen January 1992 stock picks in detail. Lynch wrote this book in the last days before the ubiquity of personal computers and the Internet's copious and accessible financial information. Still, Lynch offers pithy investment advice (each unfortunately titled with a boldface "Peter's Principle") that transcend the book's early-1990s setting. His enthusiasm should inspire most beginning to intermediate investors for whom this material is recommended. Due to its age, used copies of this book should be widely and cheaply available.

5 comments about Rich Dad's Prophecy: Why The Biggest Stock Market Crash in History is Still Coming...and How You Can Prepare Yourself and Profit From It!.

1. There is nothing to see (read) here. You know now what you will get from this book. Spend your money elsewhere on Amazon.



2. Kiyosaki does a great job explaining the decline to come. Par for the course, the author is less than clear with his advice. If you have not read "The Second Great Depression" or other books like it I do highly recommend this volume. However, your money may be better spent on a more technical manual on how to profit during a declining market.



3. Robert Kiyosaki is a motivational speaker that also happens to sell books. If you are looking for a "How To", then you're in the wrong place. The Rich Dad, Poor Dad author seems to always strive to make you think about your financial future, and Rich Dad's Prophecy is no different.
   
   Using scare tactics to elicit a response from you, this book strives to tell you that the stock market is a bad place to invest your money, and presents reasons for this opinion. However, looking historically, this has not been the case. One of Kiyosaki's main points is that the market will crash because all of the baby boomers will be drawing out their money at a rate that the stock market won't be able to handle.
   
   Kiyosaki's point could be a valid one, but there is too much wealth in the world (that is not controlled by the United States' small group of retiring workers) for this speculation to be factual. Read Kiyosaki's book for the motivation it will provide if you need it. Don't read Kiyosaki's book if you're looking for ideas on how to invest your money (unless you're thinking of building a motivational book series with your "Pay Yourself First" funds).
   http://rhapsodiesofross.blogspot.com/2008/06/rich-dad-richer-dad.html



4. The premise of the phrophecy is that the baby boomers will pretty much take their money out of the stock market suddenly and cause it to crash. I suspect the market is far more vast than considered and the baby boomers' 401ks combined represents only a few drops in the bucket. If the market crashes, it won't be because of this prophecy's premise.



5. In his latest book "Prophecy", Robert T. Kiyosaki predicts a major stock market crash in the near future. This, he says, is a result of the baby boomers (mostly) saving for their retirement via stock investments and given that a large number of them will retire from 2016 onwards their investments will have to be cashed in as it will be needed and as a result the market will fall if not crash. Apart from that, RK says, that most baby boomers may not actually see their money ever again as more often than not most of it is invested in their own companies, i.e., the ones they work for, and if their employer goes down the drain so will their funds saved for retirement. Kiyosaki uses the demise of Enron as an example to demonstrate this.
   Granted, there is nothing really new about all this. If you have spent any time working in the financial field you would know about this - although over the years I felt that people tend to stick their heads in the sand and hope that this will not happen or somehow go away
   
   Apart from complaining about the existing system and the financial illiteracy of the vast majority of the market participants (and that would appear to be the main problem), Kiyosaki in Part II of the book sets out a game plan on how to build your own financial ark.
   
   What I like about Kiyosaki's book is that he is pointing his finger straight at what could potentially happen and he does it in rather convincing style. There is indeed a good deal of information here that Kiyosaki has mentioned in his previous books, but I am not terribly upset about this as it serves to reinforce the message. Besides, if you haven't read any of the previous Kioysaki books, you would be stuck in the middle of nowhere if Kiyosaki left out the previously published information.

5 comments about Standard and Poor's Guide to Money and Investing (Standard & Poor).

1. This book describes the basic ways to invest your money. It covers markets and currency, stocks, bonds, indexes, mutual funds, ETFs, options, futures, and other alternative investments (briefly).
   
   The format is very easy to read - there are lots of diagrams and pictures, which actually provides a good break from the large amount of dense information provided. One thing I liked (but that some may find annoying) is the frequency of repeating definitions. Between various sections, concepts are often defined multiple times. I found this useful, since it reminded me what a certain concept was without having to go back and find it earlier in the book.
   
   In general, the information is pretty accurate and up-to-date. However, I noticed 1 error on the idea of fluctuation in currency value (International Investing in the Money & Markets section, p. 21), which gets the concept of a "strong dollar" during an international equity trade backwards, but then follows with an example diagram that gets it right. I was frankly surprised to see such a glaring mistake. I e-mailed the publishers, but received no response.
   
   Another thing that I didn't like is the fact that, for some numbers in some of the diagrams, there is no mention at how the numbers were calculated/derived. I personally like to see/try all the formulas, so that was slightly annoying. But for the most part, I was able to figure out the formulas myself.
   
   In conclusion, the book does an excellent job introducing various investment opportunities. It covers general information on each investment vehicle and describes the risks associated. It does not, however, teach you any special strategies (other than the obvious "diversify your portfolio" and "use strategies to minimize risk" ones) on investing - this is not the purpose of the book.
   
   While I was initially put off by the brochure-like format and the clip-art-like pictures, I was pleasantly surprised by the content and the ease with which the information was presented. I certainly recommend this as an entry book for someone who does not understand the different ways to invest in various markets.
   
   Pros:
   + nice introduction to markets and exchanges, and how they are regulated
   + covers all of the important investment vehicles used today
   + lots of useful information - good reference
   + lots of diagrams and pictures to break up the text
   
   Cons:
   - a few mistakes
   - relatively dense - don't expect to blow through it if you want to retain the information



2. I have been reading a bit about investing for a decade but still felt I lacked a clear and comprehensive understanding of the previously overwhelming world of money and investing. NO MORE! I have found nothing that compares to the clear, concise and highly readable format of this book. The color coded and cearly defined sections helped me digest the well-organized and very readable material. However, the author's far exceed the abilty of most to clearly and concisely explain the most difficult and complicated of topics. This little book is a gem.
   I feel like I've had a brief course in economics and investing and am now able to knowledgably and confidently discuss investing with the most savvy of finanical experts, agents, and those know it alls one often encounters. I will most certainly be looking at other Lighbulb Press materials.



3. As a financial advisor I've read a lot of books about investing; Recently my little brother asked me for a book to get started. This is the one I truly recommend above all the rest. A truly professional yet simple read.



4. This book is very helpful for gaining an understanding of investing. The layout is clear and interesting, and there is a lot of useful information packed into this small guide!



5. For years I had heard all the buzz words and wondered what they meant. In a very easy language to read and understand, these book answered all my questions. I highly recmmend it!

5 comments about Confessions of a Street Addict.

1. James Cramer wrote a great autobiography. I love the show and wanted to learn more about the host. After hearing about this book, I bought it and read it without stopping. Cramer begins with his childhood and describes all the seasons of his life. His time in college, LA and at Goldman Sachs. I enjoyed reading about someone who never quits. There were many times in his life when he could have given up, but he never did. He also shows the importance of having someone in your life who always believes in you no matter what. To me, this novel shows the hard work and grit that are required to become great: whether you are lucky or not.



2. If you like Cramer even a little you will truely enjoy this book. It really helps to understand where he has come from, and how he got to where he is today.....
   I have passed this book along to many and they also loved this easy read. I, too, believe it would make an interesting movie....enjoy.



3. I enjoy watching Cramer's Mad Money tv show, but I had no idea how chaotic his career was before he had the show. I just assumed he made lots of money and everything was hunky dory. It was not, you have to read the story to believe it.



4. This is a great book. I've watched Jim Cramer on television, but never knew the whole story. From his days working as a reporter, to his time at Harvard Law School, on to Goldman Sachs, and eventually his own hedge fund. This is an up close and personal look at one of America's favorite money men. I highly recommend this book.



5. Great book about Jim Cramer's life as a young author to being one of the most powerful wallstreet traders.

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.

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

1. 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.



2. 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.



3. 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.



4. Were they all written by the same person? Vote with your feet when the reviews are bogus.



5. it looks very unusual that all the 5 star reviews are first timers to review. i have to agree with the last gentelman that there's something rotten in the kingdom of denmark