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Most Helpful Customer Reviews
7 of 7 people found the following review helpful:
3.0 out of 5 stars
Not good, Not bad,
By bmchan@netvigator.com (Hong Kong) - See all my reviews
This review is from: Electronic Trading "TNT" I Gorilla Trading Stuff (Hardcover)
I bought the book because the "good reviews" on Amazon. I am sorry that I don't agree it really a so good one though it does provide a good entry mehtod, TTE. I bought Vol.I,2 & 3 and I think you only need to buy Vol. 1 since there are so many repeated or similar Vol. 1 materials in the other two.
8 of 9 people found the following review helpful:
2.0 out of 5 stars
Too much advertising and too expensive! Better stay away...,
By A Customer
This review is from: Electronic Trading "TNT" I Gorilla Trading Stuff (Hardcover)
I bought also Vol 2 and 3. Only Vol. 1 is (if at all) necessary. For this piece of information, a price of 50$ is justified at most. For example: All the time is said "Keep your losses small", without to quantify HOW small. (what a wisdom!) Important is only your win/loss ratio and your win probability. If you have a win probability of 80% then one can have easily a win/loss ratio of 0.5 ( this meas BIG losses compared to the wins ) and the system is nevertheless profitable. If you are a serious trader better stay away from discretion...
6 of 7 people found the following review helpful:
5.0 out of 5 stars
For SERIOUS Day-traders only,
By A Customer
This review is from: Electronic Trading "TNT" I Gorilla Trading Stuff (Hardcover)
This book is not for the faint of heart. At $100 per volume it is for the serious day-trader only. That being said, anyone who day-trades can lose/gain considerably more than $100 per trade so "TNT I" will more than pay for itself if it helps a trader either avoid a losing trade or get into a profitable trade. The forward of the book probably says it best -"CAUTION: This is a course intended to help teach you how to trade stocks, improve your trading skills, or both. There are sections of this course that are difficult to understand upon first reading. It is a manual meant to be studied. The concepts contained in this course took many years to develop. Most traders will not be able to grasp these with just a cursory reading of the text. In the past, much of this material was reserved exclusively for private seminars which cost $10,000 per student." I highly recommend this book. It helped me become a better (more disciplined) trader. I now trade based on what I see in a chart instead of what I think (a basic premise of the book). If you are not ready to memorize chart patterns and put those memorized patterns to work, don't bother buying this book. It up to you. Do you want to gain the skills of a professional-level trader, or will you keep wondering at the end of the day what you did wrong? Like it or not the most expensive books are where the goods are delivered. Less expensive books such as "How to Get Started in Electronic Day Trading" by David Nassar or "The Electronic Day Trader" by Friedfertig & West are a good place to start, but they constitute basic training only. To become a professional requires paying to learn the professional's tools. P.S. I also STRONGLY recommend STOCK PATTERNS for DAY TRADING by Barry Rudd.(Available thru traderspress.com for $95). Most of the book's pages are charts that solidify the concepts being taught in a "real world" chart situations.
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