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Rating:  Summary: It depends on you reason for reading this book!!! Review: I have read both positive and negative reviews on this book and after reading the book, I believe both have merit. If you are looking for specific technical or other types of strategies to actually make money this book falls short. The author does not believe in the buy and hold strategy but does not offer specific strategies supported by actual real market examples to help the reader be a successful short term trader. Most of the cocepts in the book are basic , but if you have never traded before this will be helpful. On the other hand if you are a new trader looking for general guidelines (trailing stops, Gap ups, limits, how ro short stocks) This book will be useful. If you are already trading and are not familiar with these basic rules, then you are tking a lot of risk. There is also a disconnect between the website the author asks you to subscibe to and the book. The website recommends hundreds of trades a month and unless you have full time to watch the market it will be of little use, on the other hand the book is presented as a trading book but is more on general guidelines for newbies to the trading. One disappointment for me is that with all the hundreds of trades on the authors web site, not even a single real life actual example is given in the book. Ideal situations presented seldom occur in the market. I am not trying to take away from the authors success but I thought the books objective was to teach readers how to make large returns. To that effect, I would think few real life trades will help. If you are new to trading, I would start with this book but add "The stock Trader" by OZ where the author demonstrates using real market conditions how he trades and "generate thousands on your stocks without selling them" by Elias where you can use the strategies given using real life stocks to enhance your returns, generate cash and protect your profits without having to follow the market on daily basis. Both of these books use real life examples and show how by using smart strategies , difficult situations can be turned profitable.
Rating:  Summary: so-so Review: If you are just getting into trend trading then this may be a slighty motivational book for you. It is lacking on meat. No techniques are really described in full. I think that probably the most important point he makes in the book is that every trader has to find their own method. So if you are looking for a system move on. I guess ultimately I would have to rate this book pretty poorly.
Rating:  Summary: Uncommon advice. Must read for alls erious traders Review: Michael Parness lost a fortune in 1998 following advice from his broker. I can relate well to Parness because I too lost a lot of money listening to a broker. For along time I avoided the stock market because I was afraid of losing money. After following my brokers advice, I realized why I avoided the stock market for so long!Parness offers uncommon advice that you won't get from your average broker, stock market book or from listening to the people on CNBC. Parness tells it how it really is about analysts too. In particular he mentions one analyst giving Qualcom a strong buy but at the same time reducing the target price in half and saying the stock was expensive! The same analyst maintained the strong buy on Qualcom untill it fell all the way down to $33 from over $100 (gee thanks!)I learned from this book than I did from five years of trading and a whole lot more than I did from my broker.Good book. Highly recommended.
Rating:  Summary: Very informative Review: The book is written with gerat fluidity of thought and candid approach to details (about how to avoid the pitfalls). Half the battle is won when you reduce the probablity of making simple errors like stepping unknowingly on a landmine in a battle field and lose the life. I have lost heavily, in the past few years, with little insight into stock trading. Until I read this book, I was thinking that to trade in stock and make money, one has to be just lucky. The book totally changed my attitude and showed me "Trading is hard work. It requires discipline,patience,flexibility, an open mind and a commitment to learning every day(Michael Parness)". A newbie will find this book immensely useful.
Rating:  Summary: I made [$$$] last week using information from this book! Review: The Trends are your friends! Skeptical at first, I tried my first week trading using some of the basic tools this book teaches (playing the gaps!) and made [$$$] on a small portfolio([$$$]) in a WEEK!!! I've been dying to try trading for a long time, and I've read a lot of books, and attended free seminars and bought into many other things (brokers advice, etc) and NONE of them worked. This one obviously does! I HIGHLY recommend the book for anyone who wants to make money trading stocks! I'm going to buy the Trend Trading to Win infomercial tapes and check out ... as well! If I can make a living doing this, then I don't need to look for another job.
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