Power Trading/Power Living could go down as the "Bible" of trading in the not so distant future. The book, a follow up to Michael's International Best Seller, and critically acclaimed - Rule the Freakin' Markets (www.amazon.com/freakin), gives intimate details on what it's like to not only be a successful trader, but on how to incorporate a trader's life into a POWERFUL LIFE! While Rule the Freakin' Markets is a classic for it's easy to understand and fluid review of a trader's psychology and some of the rules a newbie trader needs to know to flourish, Power Trading/Power Living goes infinitely further, giving FULL and intimate details and actual trades that helped make Michael a legendary trader. You'll learn; *POWERFUL Trends that can make you money in today's market - these are actual trends that have worked countless times for Michael and his 1000s of traders at Trendfund.com *POWERFUL Options strategies. From an OPTIONS PRIMER, to advanced strategies such as Straddles/Strangles, Leaps and Selling Naked Calls and Puts, Power Trading/Power Living gives you the keys to the kingdom in terms of how to leverage your money as an options trader - just like the Pros! *POWERFUL intraday trading strategies, including - The 10 am rule, Playing the GAPS, Using Technical Analysis as an intraday tool. Whether you want to trade for 5 minutes, or 5 hours, this book gives you the tools you need to SUCEED! *POWERFUL swing trading strategies. Where the 1 hour trader needs to know the GAPS and the 10 am rule, the SWING TRADER needs to know what to look for to hold onto a stock for a day, a week, a month, or a year. From Blue Skies breakouts, to Earnings Runners, this book gives you the tools you need to BUY AND HOLD, without risking it all! *POWERFUL living strategies. Once you make the BIG Ka-chingos this book can unlock for you, you'll need to learn how to live a life and a destiny of your own choosing. Power Trading/Power Living gives you insights into what it takes to be a WINNER on EVERY level of your LIFE! This is your chance to LEARN TO EARN and LEARN TO LIVE a POWERFUL LIFE from one of the top traders of all-time, Michael "Waxie" Parness. Do not miss this unique opportunity. This book takes Michael's best seller, Rule the Freakin' Markets and takes it 10 steps further, giving you actual winning and losing trades so you can increase your profits, and increase your life expectancy!
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About the Author
A high school dropout, who once lived homeless on the streets, Michael Parness is now a hero to investors and traders everywhere. Michael is chief executive officer and founder of TrendFund.com, the leading online trend-based advisory service for the individual trader. Launched in 1999, Trendfund.com has over 75,000 customers in 35 countries worldwide. Michael's best selling book, Rule The Freakin' Markets! (St. Martin's Press, 2002), has provided thousands of individual investors with practical trading tips for reading the markets and trading with confidence - without the help of brokers or analysts. His second book, Power Trading/Power Living will be available soon. His "everyman" approach to trading breaks down the market into historical trends or market tendencies, which provide explosive short and long-term market opportunities to his members. A legendary trader who famously turned a few thousand dollars into several million, Michael serves as Trendfund.com's lead financial advisor, guiding thousands of subscribers who seek his trading expertise in both bull and bear market conditions. Like all Trendfund members, Michael uses an online persona; his trading name, "Waxie," is a nod to a former career in sports memorabilia. Offering resources to traders at all levels - from housewives to Wall Street analysts - Trendfund.com helps its members take control of their money through analysis and tips from Parness and his team, interactive chats, real-time news, personalized trading classes, and pre- and post-market intelligence. Michael is a native New Yorker whose first entrepreneurial venture was the creation of a sports memorabilia company called Waxman. Over a ten-year period, Michael built Waxman into New York's top provider of sports collector's items. After taking a broker-friend's bad advice and losing his life savings, he developed an interest in the financial markets, and spent his spare time researching market trends and developing his own theories on market behavior. Determined to earn back his losses and vowing to never use a broker again, Michael began trading for himself, with the moniker "Waxie." Making use of the skills and instincts he cultivated through years of careful research, Michael turned $33,000 into more than seven million dollars in less than three years. Michael is regularly consulted for investment advice by major media including The Wall Street Journal, CNNfn, CNBC, New York Post, FOX News, Financial Times, Business Talk Radio and Crain's New York Business. His informational trading seminars draw thousands of attendees across the country, and he has guest lectured at UCLA and Tulane University. At Tulane University in Spring 2004, Michael will be the first graduate level teacher in the country to focus on Day/Trend Trading. His "Trend Trading To Win" infomercial has sold over 100,000 trading courses around the world on how to make money in any market. An award-winning playwright, Michael's work has been produced extensively in New York and Los Angeles. His screenplay, "Random Acts of Kindness," is a two-time Sundance Institute Screenwriter's Lab finalist and his first feature film, MAX & GRACE (www.maxandgrace.com) is being released in Spring 2004. In addition, Dustin Hoffman's Punch Productions is producing an autobiographical film based on Michael's life. Michael, 40, after returning to school, finally graduated Summa Cum Laude from Hunter College in New York City, and holds a Bachelor of Science degree in English. He lives on Manhattan's Upper West Side where he continues to rule the freakin' markets every day!
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Most Helpful Customer Reviews
115 of 118 people found the following review helpful:
1.0 out of 5 stars
Don't waste your money,
By Pailwriter "pailwriter" (Marietta, GA USA) - See all my reviews
This review is from: Power Trading Power Living (Paperback)
First of all, this book is (or was) available for free through ads on various financial web sites. However, once Parness and/or the Trendfund people get your personal information, they will hound you with high-pressure phone calls attempting to get you to commit to becoming "a partner". The shtick is similar to tactics used by penny stock mongers and various scamsters who rely on the phone and finely crafted scripts to manipulate others into sending them money.
Michael Parness does have a compelling story. However, you have to ask yourself: If this guy is really that good at "power trading", why does he and/or his associates need to use high-pressure sales tactics to generate income from others?
70 of 73 people found the following review helpful:
1.0 out of 5 stars
More fluff then substance,
By
This review is from: Power Trading Power Living (Paperback)
I have read several books on technical analysis, gap and momentum trading. What bothers me are the logical contradictions. For instance, according to author you can spend one hour daily on trading to meet your daily quota. But in order to do it you have to watch a lot of daily business events, read a lot of web-info and do a lot of other things to accomplish your daily goals. We call it "russian hour". It stretches from 6:00 AM to 4:00 PM, every day. Look also page 77 "Planning The Trade" section: ".. and try approaches that seem to work best for you.". This is the statement I have seen in several books, articles, web sites. The way to read it is "I have no clue how it works so I give you bunch of ideas and if your results are very disappointing, you need to try some other approach that I implied in my book". I do not recommend this book to anybody who is serious about investing personal money in the market. I have several books written in early 90's that are much better then then this fluff.
101 of 114 people found the following review helpful:
1.0 out of 5 stars
TREND FRAUD!,
By Truth Teller (Columbus, OH) - See all my reviews
This review is from: Power Trading Power Living (Paperback)
Once again, the much heralded and much hyped about January Effects list was a bust out! Parness got many lambs to join his service once again, and after all was said and done the list LOST one more time and the lambs were slaughtered again! Way to go WAXMAN! What amazes me is so many people actually fell for the scam once again! Parness claimed he made a fortune, but that is because he bought before he gave his reccomendations out and sold into the buying frenzy he created, while never telling anyone where he sold. I have already alerted the SEC to this, and hopefully he will get what he deserves which is arrested, fined and put in JAIL. Save yourself the money and go buy a book from a real trading teacher like Van Tharp. Another note, all of the positive reviews written here about this book are from clients that he swapped a free month of service with in exchange for writing these reviews. I was in his chat room when he made the offer! He is a phoney and a fraud. Stay away
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