Customer Reviews

Electronic Trading "TNT" I Gorilla Trading Stuff

5 star:		(3)
4 star:		(2)
3 star:		(1)
2 star:		(1)
1 star:		(0)

 

 

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.

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...

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.

i highly recommend this book as the methods illustrated in here work quite well. however you need to study the book and learn the concepts here. if you put in the time, you will be rewarded ...a winner

I would recommend this book to anybody looking to learn how to trade. Obviously the technical information is solid, but I like how they relate it more on a personal level how you shouldn't be doing this just for the money and it should be part of something bigger. Only reason I didn't give it 5 stars is because although the content is great, the price tag is steep as well. All in all it's should be a welcome addition to any investors library that wants to trade like a gorilla trades.

I wish this was the first book I read when I first picked up reading. It stresses trading off simple price patterns without all the indicators. Fairly easy to read with some good points, this book seemed more directed to the beginner to intermediate level trader. I wouldn't label this a 'must-own' book, but more of a highly recommend to read/borrow.

Expensive, but cheap compared to 95% of most trading books out there. Full of practial things not found in other books. Gives a good foundation. Do yourself a favor and study this book before throwing money away in the market. Many eye opening truths and common sense.