When to Sell: Inside Strategies for Stock-Market Profits

Rating:
Summary: Best trading book I've ever read
Review: I have been an investment professional for over 20 years. I have read dozens of books--most long before the flood of "you to can be a super trader" trash of the 1990s. This is the best one. Mamis is an original and independent thinker. The book deals with psychology, tactics, technical indicators. His "How to Buy" is not nearly as good.

Rating:
Summary: If you don't have a real-life mentor...
Review: If you invest, wish you had a mentor on the trading floor, but don't know anyone who works on the exchange, you should read this book. Mamis discusses not only market indicators so you can better time buys and sells, but explains what happens on the trading floor and how the professionals -- the "they" many investors refer to grudgingly -- benefit from herd psychology. After reading this you will better understand why the "average investor" is more likely to lose than win, and why many people, in fact, subconsciously prefer to lose. Mamis has an easy style which reflects his many years of investing experience -- it is not a dry, academic discusson of the market.

Along with "Reminiscences of a Stock Operator" and a couple of others, this is one of the best and most informative books I've read about the market.

Rating:
Summary: best of the best
Review: Investors in general and beginning investors in particular are largely ignorant of the works of perhaps the most important men they could read, one of whom is Justin Mamis (another is Richard Wyckoff). This is due at least in part to the fact that most of the works of these two men have been out of print for so long. But three of Mamis' works are now back (cross your fingers for When To Buy, the only one still out of print) and increased profits are a virtual guarantee for anyone who takes advantage of this opportunity to obtain these foundation works and commit their lessons in strategy to his own plan for trading and investment.

Very highly recommended and cheap at the price.

Rating:
Summary: Why five stars ??
Review: This book has a lot of good information. Should have bought it some years ago and saved myself a lot of money and worry at the market.

Even though it was written some time ago, the methodology and tools it helps one creates are very current. For example, the Overbought/Oversold oscillator it helps one develop is the exactly the same as Helene Meisler from Realmoney.com uses to help readers out at that subscription site.

Easily worth the money and will make anyone a better participant in the market.

Rating:
Summary: Why five stars ??
Review: When I started reading this book I was disappointed. The background chapters that attempt to teach Technical Analysis for example are covered somewhat better in other books (see John Murphy).

But the treasure of this awesome book is in the examples and stories in the later chapters. I wish I had read this book a couple of years ago. From a number of books that I have read, it talks quite a bit about short selling and risk. In my opinion .. it is a five star book ..