The Art of the Trade

Rating:
Summary: Good advice
Review: A lot of basic concepts, cut your losses, be disciplined etc. Author compares traders to gamblers in chap. 1. Personnally I dont think both can be compared.

Author recommands to trade via a broker over the phone (book written in 1999) where I strongly disagree. We're in the computers and internet era. Not in the wheel era. Trading via a stockbroker is obsolete and is a waste of time in the year 2000.

Excellent book for the average trader, overall. Chap. 7 and 8 worth the price of the book. A great concept that needs to be read about the trader's inner ressources. The rest is known usual stuff.

The conclusion of the book should be re-written. Author missed it totally.

Overall, a fair book.

Rating:
Summary: It really is a GREAT book!
Review: I have almost finished "The Art of the Trade." You know, it really is a GREAT book! I sincerely mean that. It is measured and extremely judicious. It is wonderful... I bought a copy for my father-in-law and sent it to him.

Rating:
Summary: It really is a GREAT book!
Review: I thought this one of the top five trading books I have ever read. Not only did he describe many new concepts-80/20 rule applied to your trading, psychological capital as different from financial capital and trade like the millionaires but he also showed me weaknesses in my trading and helped me correct these.

It has your basic rules but he assumes you have your own system and the ability to put on a trade-he just filled in a lot of blanks areas of my trading personality and that opened me up to new ways to do things.

The author has defintiely been kicking arounde for a long time and is a good example of a person who has probably forgot more than I will ever know. Trust me, if you read it you will buy it.

Rating:
Summary: Highly recommended
Review: R.E. McMaster has written the book on the fine art of trading the financial markets. This book shows the would-be trader what it's like to trade for a living, the common mistakes to avoid, the tools necessary for successful trading, etc. McMaster shares his philosophy and thoughts on what may be the world's toughest profession. His experience on what works and what doesn't is extremely valuable for any trader, novice or experienced. In today's tumultuous crisis markets, nothing can replace the many years of experience R.E. McMaster brings to the table. Academic theoreticians don't hack it in today's environment.

Rating:
Summary: Brings a lot more to the table than trading advice
Review: Regardless of an investor's time frame, day trader to occasional, the wisdom will make them more profitable. Rarely does an investment book make one both a better person and more profitable at the same time. R E McMaster reminds us that the whole person, skill and soul, must be in synchronization to be successful at trading and investing and life. He has written one of the best investment books of the 1990's.

Rating:
Summary: It is the most comprehensive manual for investing ever!!!
Review: The Art of the Trade was a tremdously enlightining tool for understanding the total perspective of market investing. It was an easy read yet, very comprehensive. I like the book because McMaster articulates in a simplistic manner the necessary foundations that need to be in place in order to have successful trading in all facets of investing.. mentally,emotionally,physically and spiritually.A great manual to have!!On a scale of one to ten....TEN!!!

Rating:
Summary: Inventory of Emotions
Review: This is the best book written about the psychological and mental aspects of trading. This book hasn't got much about technical analysis, entry or exit points, but tells you how to handle trading mentally.

Rating:
Summary: The Holistic Guide to Trading
Review: Written in plain English, Mr. McMaster teaches the reader how to make money. Equally important, the reader comes away knowing the significance of developing good psychological and physical health habits. Finally, the development of spiritual essence is stressed in bringing together all the elements of positive thinking and good health as a guide to successful trading. Once you have read The Art Of The Trade, you will be prepared to learn Mr. McMaster's secrets for becoming a profitable trader. You will also be equipped with the knowledge and strategies to guide you toward investing more comfortably and with less worry. In so doing, you will become a better person.