Customer Reviews

Stock Market Strategies That Work

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

 

 

Usually I research investing books before I buy because there is so much garbage out there. I happened to be walking through a bookstore and the cover caught my eye. Unfortunately for me I should have kept to my book buying strategy of researching books online to see what others say before I picked this one up. I thought that a book titled "Stock Market Strategies that Work" would have some specific strategies to find winning stocks, but for only $15 - I wasn't expecting too much.

What the book has is very basic information on MA, SI, DMI/ADX, and a few others. For each indicator a few sentances on the assets and liabilities are given with a chart thrown in every now and then. The problem is that what is given as a strategy is nothing more than a hint.

The most annoying aspect of this book is its vagueness. They breifly introduce something only to say it will be explained later, I am still waiting for the explaination.

For Example Page 60:
"In order to know exactly when to buy and sell, you will need to be able to define the following variables:"
Trend...
Support...
Resistance...
"The fact is that all three can be ascertained with relative ease. For the time being, suffice it to say that specific methods for doing so will be presented. Our intent at this juncture is simply to introduce you to the concept."


The funny thing is that Trend, which is fairly important, is listed in the index as only on page 60.

Most everything I have read in this book is available on free websites. A lot of web sites will give you a "investing school" or "training" section that is a tease to get you to subscribe. They usually have basic trending, indicator, or charting information available to anyone. That is what this book felt like. You could google trading strategies and get more indepth information that is given in this book.

There are some good books out there on the subject like High Probability Trading by Link, which I am currently going through again. They explain indicators and actually give some Stock Market Strategies that Work {slight pun intended}.

Save your money on this book.

This book is disgusting. Don't be fooled by the title. I was skeptical, but figured, for ~$15, why not take the chance there might actually be something useful in this book.

This book is nothing but fluff and vagueness. Grandiose claims that go long on promises, but come up short on deliverables. 50% of the way into the text the author is still claiming that more details will be provided later on - by the time you get to the end of the book nothing useful has been provided, just a bunch of buzz-words and phrases to give the illusion that you actually learned something you could apply.

DO NOT BUY THIS BOOK.

I read the book and agree with the other reviewer - the book is vague and I got the feeling it is really just a marketing tool to get readers to sign up and pay for their website. DONT WASTE YOUR MONEY ON THIS BOOK! The authors talk a good game in the book but lack the information to back it up - the title and info it says it provides is just not there.

Nothing new here. You would expect it to show you how to find winning stocks as it mentions on the cover. They say to use the most active list, then as you get more experienced to use other lists you can find on the net. It gives examples of basic technical indicators, introduces his favorite (moving average channel based on price bar highs and lows). Then says you don't need a computer to trade. Going to calc these indicators by hand? I don't think so. There are tons of contridictions on what they say and do. They bash gurus that are on TV, but many will remember Jake's late night infomercials on seasonal trading.

The chart examples do not accurately show the methods described. Avoid this one.

the advice given is the same you would most likely get for FREE from a friend that has done any stock market investing.

One would think that when you named a book "Stock Market Strategies that Work" you would at least provide some kind of quantitative proof of such claims. There is none herein. The author does provide some discourse on systematic backtesting using a "3-MA System" alas that actual system is (a) not discussed in the book, and (b) based on minimal supportive sample data of a few stocks, which as we know we can always pick the better performers. Agree with other readers. Not only is the book vague but the author passes the responsibility back to the reader with comments such as "..will not work in the same fashion for all traders who use it", and "...you will develop individual adaption to the methodology", and "...you must find your own place with it". Of course, if you can't make it work it's entirely your own fault which then suggests why call the book "Stock Market Strategies that Work" if it's essentially 100% discretionary which is what the author portends? Just another tick in the Jake Bernstein model of "how many books can these suckers take on"....35 and counting apparently.

This book really is a waste of time. Like all the other reviewers say, it is vague and promises to explain things later then never does. I had a good laugh at the two page chapter on Dollar Cost Averaging that was supposed to be more complete than other books.

I can't even find most of the methods they describe in their book available on charts on the internet. It's very frustrating when you're trying to learn and apply the knowledge, and where the hell is the Moving Average of Highs/Lows????? Bogus!

For me having success in the past markets of the Internet age, that is no sure thing that I will be able to maintain my profitability for the upcoming years.
However, Jakes book "stock market strategies that work" taught me the fundamentals to sound technical analysis (something that I wasn't using before). The book is very clear to understand and read, the visual tables and graphs are clear and easy to comprehend, and the book explains the methods to you using examples (which is the best). Not only that, but during my time with the book, I had some questions, and emailed Mr. Bernstein himself. Within hours I got a reply, and since then he has helped me out on numerous occasions.
It is very rare to find a great book on investing, along with the author available for some more detailed explanations on his issues.
Pick up this one either as to gain some new ideas and methods, or to even brush up your old techinical analysis skills.
This book is definitely a winner. Great job Jake. Keep the good books coming.

For me having success in the past markets of the Internet age, that is no sure thing that I will be able to maintain my profitability for the upcoming years.
However, Jakes book "stock market strategies that work" taught me the fundamentals to sound technical analysis (something that I wasn't using before). The book is very clear to understand and read, the visual tables and graphs are clear and easy to comprehend, and the book explains the methods to you using examples (which is the best). Not only that, but during my time with the book, I had some questions, and emailed Mr. Bernstein himself. Within hours I got a reply, and since then he has helped me out on numerous occasions.
It is very rare to find a great book on investing, along with the author available for some more detailed explanations on his issues.
Pick up this one either as to gain some new ideas and methods, or to even brush up your old techinical analysis skills.
This book is definitely a winner. Great job Jake. Keep the good books coming.