The Market Guys' Five Points for Trading Success: Identify, Pinpoint, Strike, Protect and Act! (Hardcover)

by A. J. Monte (Author), Rick Swope (Author)
Key Phrases: ultimatum game, role reversal line, pivot point patterns, Essential Options, Pluribus Unum, Common Mistakes Made (more...)

Editorial Reviews

Product Description
Praise for The Market Guys' Five Points for Trading Success

"E*TRADE is a strong advocate of investor education, understanding a knowledgeable investor is a successful investor. The Market Guys have been a key contributor to our worldwide educational efforts - delivering hundreds of seminars to our customers around the world. This book encapsulates their years of experience with traders and investors, and is a must-read for anyone serious about trading. The Market Guys' Five Points for Trading Success provides an easy-to-understand and disciplined approach to trading through risk management. I highly recommend it."

Christopher Larkin, VP, U.S. Retail Brokerage, E*TRADE Securities (www.etrade.com)

"The stock market is full of risk and uncertainty, but can bring great rewards to those who plan and execute properly. Rick and AJ give you the navigational tools to profit in the market through this book. Easy to read and understand, this book will help the novice and expert alike reach their financial goals. I recommend The Market Guys to help you along your journey!"

Astronaut Dr. Buzz Aldrin, Apollo 11, 1969

"The Market Guys' Five Points is much more than five points. Creating a plan, dealing with emotions, trading psychology, and technical analysis are just some of the topics explained."

James Bittman, Senior Instructor, The Options Institute at CBOE, and author of Options for the Stock Investor

"Most people think trading markets is easy, but the process is fraught with pitfalls, snares, and delusions. This book is written by two savvy veteran traders. Applying the wisdom contained here will not guarantee success, but it will very definitely put the odds strongly in your favor."

Martin J. Pring, President of pring.com

"This is a wonderful introduction to terminology and a fresh approach to the stock market. It gives the reader a language and way of thinking that is new, providing a great foundation for further research. These authors are to be commended for an excellent book on the stock market and how it works."

James P. Gills, MD, Director/Chairman of the Board of the Ironman Triathlon

"The Market Guys have created the perfect recipe for financial success."

Nick Nickolas, Restaurateur, Nick's Fishmarket of Hawaii, www.nicksboca.com

From the Inside Flap

Over the course of their successful careers, AJ Monte and Rick Swope, also known as The Market Guys, have worked with hundreds of thousands of traders and investors all around the world. Long before they even considered creating a book, they were talking to traders in London, teaching options to students in Taipei, and helping investors protect their portfolios in Stockholm. During this time, they developed a Five Point strategy—identify the trend, pinpoint support, strike with the buyers, protect your position, and act for results—focusing on the issues that really matter when it comes to making money in today's markets. Now, with The Market Guys' Five Points for Trading Success, Monte and Swope look to share their hard-won insights with you.

Written in a straightforward and accessible style, The Market Guys' Five Points for Trading Success skillfully outlines this proven process and shows you how it can be used to build wealth and protect assets by:

• 1. Trading in the direction of the trend

• 2. Establishing a clear support level in order to determine when to exit a trade if the market moves against you

• 3. Making sure the pivot point is going up on the day you buy

• 4. Calculating your maximum loss as one percent of total account value

• 5. Entering a trade and then protecting it with a stop loss

Each step of the way, you'll be introduced to information that is essential to understanding and implementing The Market Guys' trading method. You'll discover the tools of technical analysis and some of the common mistakes that people make in the markets. You'll also become familiar with the specific strategies and techniques that will allow you to locate the best stocks, enter a trade, and manage risk. Monte and Swope even take the time to address the exciting world of options, and show you how they can be used in your trading endeavors.

Much more than a compilation of trading strategies, this reliable resource contains the accumulated experiences of real people in real-world trading situations. Filled with in-depth insights and practical advice, The Market Guys' Five Points for Trading Success will enable you to make more profitable decisions as you navigate today's dynamic markets.

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Product Details

• Hardcover: 318 pages
• Publisher: Wiley; illustrated edition edition (January 2, 2008)
• Language: English
• ISBN-10: 0470138971
• ISBN-13: 978-0470138977
• Product Dimensions: 9.1 x 5.9 x 1.3 inches
• Shipping Weight: 1 pounds (View shipping rates and policies)
• Average Customer Review: 4.7 out of 5 stars See all reviews (42 customer reviews)
• Amazon.com Sales Rank: #21,091 in Books (See Bestsellers in Books)

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Customer Reviews

Most Helpful Customer Reviews

21 of 21 people found the following review helpful:

5.0 out of 5 stars This Book Is For People Who Want To Remove All Of The Confusion About Technical Analysis, April 24, 2008

By	John Cunningham (Jacksonville, Florida United States) - See all my reviews (REAL NAME)

I have had the pleasure to meet with AJ, one-on-one, a number of years ago. At that time I had read 15-20 books on technical analysis and was completely confused on which tools I should use. At that time AJ introduced me to his "KISS - Keep It Super Simple" philosophy. I went from loses to gains because he was able to help remove the confusion about trading. He helped me understand even the professional stock traders don't know if a stock is going up or down, but if you have proper "Risk Management Tools" it doesn't matter. In the book, on page 243, last sentence of the first paragraph, "RISK IS A FACTOR THAT MUST BE RECOGNIZED AND PROPERLY MANAGED, NOT AVOIDED ENTIRELY." Risk management is key. All the technical analysis tools in the world won't help you if you don't have proper "Risk Management Tools" A beginner should start out with The Market Guy's book, then read 5-10 other books on technical analysis. After this education, take all that knowledge and come back to "The Market Guy's Five Points for Trading Success and read it again. This will help you understand how the Market Guy's, with their "KISS Philosophy" can teach you how to make money. I would also recommend subscribing to AJ's "Option Oracle". These are not just recommendations he gives to make money, these are his trades he uses in his personal account. Most "teachers" in stock trading don't trade their recommended stock picks. They only make money if you subscribe. Not the Market Guys, their personal money is on the line with yours! Congratulations to the Market Guys for putting all the information they teach at their seminars into their first book!!! Buy two and give one to a friend. I did.

11 of 11 people found the following review helpful:

4.0 out of 5 stars Keeping it super simple, March 13, 2008

By	C. Gegan "lovecaz3" (FL) - See all my reviews (REAL NAME)

The Market Guys come through on their promise to Keep It Super Simple. They demystify trading stocks. The biggest benefit I have taken away so far is to incorporate their advice on managing my risk by making sure I don't expose more than 1% of my trading account on any one trade by using stop loss orders, managing my position size, and identifying support levels. Just minimizing my losses alone will tremendously increase my rate of return. Even when the market goes down and I lose some money, I love looking at a comparison of my account versus the indexes and seeing my account positions stop out and limit my loss, while the market continues to tank. This book and the other products the Market Guys come out with give me the confidence to wade into the water as a first time stock trader.

12 of 13 people found the following review helpful:

5.0 out of 5 stars Investment Success, March 14, 2008

By	James P. Fusscas "J. Peter Fusscas" (Melbourne Beach, Florida United States) - See all my reviews (REAL NAME)

There are no easy "get rich schemes" to profitable investing. It requires due diligence and common sense principles. Rick and A.J.'s book," Five Points to Trading Success" will give you a world of experience gained by them on Wall Street over the past 25 years. Of particular note is advice on how and when to "take your losses", protect your positions, and heaven forbid, partner with your spouse on investment decisions. It's all about risk and risk assessment, technical analysis, and market psycology. A must for the serious investor.