17 of 17 people found the following review helpful:
3.0 out of 5 stars
Not nearly technical enough, August 28, 2000
This review is from: The Long-term Day Trader: Short-term Strategies to Boost Your Long-term Profits (Paperback)
I was never really interested in trading, but wanted to learn a bit about it so I decided to pick up a copy of this book since it looked like it might bridge the gap between investing and trading. The writing style is very accessible and the authors clearly discuss the diferences between trading and investing. In this respect, it met my expectations. However, I felt that the book was nothing more than a set of "rules of thumb" that were cobbled together in a book. I certainly enjoyed the read, but the lack of well defined rules makes me reluctant to try the methods discussed. I was even more disappointed to find that the authors mention that these methods are "statistically proven", but never present any of these proofs. If you are interested in learning more about trading this book might be worth a quick read, but I'd recommend finding something more technical if you really want to take a quantitative approach to trading.
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34 of 38 people found the following review helpful:
5.0 out of 5 stars
It Took Years To Develop This Style Without The Book, June 24, 2000
By A Customer
This review is from: The Long-term Day Trader: Short-term Strategies to Boost Your Long-term Profits (Paperback)
After years of trading I stumbled on the same techniques described in this book. My trading portfolio is up 250% this year! There are some gems of wisdom that make this book extremely useful; if I had read Oliver Velez's (Pristine.com) interview a week earlier I would have saved thousands with some of his rules. This book is a broad view of a trading style; you have to determine your own preferences of technical indicators that suit you however. This book can jumpstart you to a successful trading style. BTW, by long term they mean 2-5 days.
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19 of 20 people found the following review helpful:
5.0 out of 5 stars
Sensible and Intelligent Instruction on the New Stock Market, August 24, 2000
This review is from: The Long-term Day Trader: Short-term Strategies to Boost Your Long-term Profits (Paperback)
I had been thinking about trying to learn more about online trading when I saw the authors on ABC World News Now. They seemed to know what they were talking about and talked in plain English instead of 'insider' jargon. And that's how they wrote their book, too.
Not having a lot of experience with the stock market previously, their book taught me 'from the bottom-up,' so to say, by introducing and explaining basic investing concepts before addressing the online aspect and their own philophy toward long-term day-trading.
I like the calculated, intelligent approach they advocate as opposed to advancing a high pressure, sure-fire get rich quick scheme which some other books I'd browsed seem to propose.
The book made me feel more confident in my decisions, and even helped me feel more confident simply discussing the stock market and investing.
The best thing one can say about a book is that you've recommended it to others, and I've done so with several family members and friends. I also highly recommend it to anyone considering entering day-trading. This book will show you the 'slow and steady' wins the race philosophy that will continue bringing you returns after the get-rich crowd are jumping onto the next bandwagon!
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