The Adam Theory of Markets or What Matters Is Profit [Hardcover]

Welles J. Wilder (Author)

Product Details

• Hardcover
• Publisher: Trend Research (June 1987)
• Language: English
• ISBN-10: 9997619730
• ISBN-13: 978-9997619730
• Product Dimensions: 11.1 x 8.4 x 0.8 inches
• Shipping Weight: 1.9 pounds (View shipping rates and policies)
• Average Customer Review: 3.6 out of 5 stars  See all reviews (13 customer reviews)
• Amazon Best Sellers Rank: #1,115,297 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

12 of 15 people found the following review helpful:

3.0 out of 5 stars Is this REALLY what Mr. Wilder paid a million dollars for?, July 9, 2004

By 

"eouigh" (The Sine Wave Plane) - See all my reviews

This review is from: The Adam Theory of Markets or What Matters Is Profit (Hardcover)

I read this, eager to learn a deep secret about the markets. What I learnt was interesting and certainly original - but my big issue is that choosing WHEN to use the theory is left open. This is an important source of arbitrariness, which goes against the grain of the theory. Choosing the moments from which to project is something where no serious insight is given and the language becomes very fuzzy. I don't know - does it work? Could it work? I'm not convinced. If I'd paid a million dollars for this, I would probably have been left wanting.

3 of 3 people found the following review helpful:

4.0 out of 5 stars Know the limitations, like for everything else., July 15, 2008

By 

On Land Cow "onCow" (Hong Kong) - See all my reviews

This review is from: The Adam Theory of Markets or What Matters Is Profit (Hardcover)

On the one hand, this book is worth the price-tag many times over. While those traders who can't resist complexity stay forever confused in a pile of "indicators," Mr. Welles' "system" helps one hear where a *TRENDING* market is saying about itself. The extremely simple "method" is almost Zen-like. It bars one from kidding oneself, especially when stuck with losing positions.

Besides, probably unbeknownst to Mr. Welles himself, this book contains a fairly reliable way of picking the end of minor corrections in a trending market.

On the other hand, this book is worthless and may even kill one's trading account. If one were foolish enough to apply the simplistic "system" to an illiquid or sideways market, one will get whipsawed until one's wiped out.

In a world of computerized trading, volatility is much higher and corrections deeper than when Mr. Welles wrote this. If you blindly apply his trailing profit-stops, you will keep getting stopped out of profitable positions.

Mr. Welles' "system" should be borne in mind as central to playing a confirmed trend, but stay carefully within its limitations. Also, you need a better system of your own to determine your exit points.

15 of 21 people found the following review helpful:

5.0 out of 5 stars Simple but precise description to successful tradings, July 22, 1999

By 

Damen Choy (Hong Kong China) - See all my reviews

This review is from: The Adam Theory of Markets or What Matters Is Profit (Hardcover)

I like the book for it is written in simple, straightforward text for even a non-professional traders to understand. Not like other technical trading books, this one give you another insight on how to ride on a big trend to earn and more importantly how to consistently ride on profits - The adam way of tradings !