Stock Trading Riches: The Simple, But Powerful Formula That Transforms Your Stock Picks Into Money Pumps [Paperback]

Praveen Puri (Author)

Book Description

Publication Date: October 23, 2007

Praveen Puri, a trading and financial veteran, developed a passion for simplicity, minimalism, and Eastern philosophy.  He created a pure Zen trading system that does not use any news reports, indicators, or charts to distract from Now.  Instead, it uses a simple "back of the envelope" calculation to surf in flow with the market.

Editorial Reviews

From the Publisher

"Book is very precise and clear. Easy to read and understand...retirement we will use it."
Jeff E., Buffalo Grove, IL

"Your book is very good. I like this approach better than Robert Lichello's A.I.M. I hope you have great success. There is so much misinformation in the media and in print on investing. Rebalancing to a constant value is sensible and very simple to do - free from emotion and bias."
Mark H., Dallas, TX

"...It's not a long book. But it is well-edited to "just what you need to know". Puri doesn't give you a bunch of extra crap and promotional hype. He tells you how to implement the system, take it or leave it."
Jake W., Anchorage, AK

"With your system, you should be managing millions in a hedge fund!"
Sergiu M., Geneva, Switzerland

"I read your book cover to cover and I think it's great. I get it...like purified drinking water. It's clear, it's elemental, it's good for you... what's not to like?"
Brad W., Hoffman Estates, IL

From the Author

I made a break-through when I shifted my mind-set from digital thinking to analog.

A digital system has two values (i.e. yes or no), while an analog system has a range of values. For example, a computer memory bit can only be off or on, but your oven can be set to a range of temperatures.

Normally, we trade digitally. After we buy a stock, we either hold it or sell it. So, for the trade to make us money, we only have one chance to buy the stock correctly, and then one chance to sell it correctly.

The trading system I ended up developing is analog. After you initially buy into a stock, the "magic" formula automatically uses feedback to adjust the position - buying and selling portions of your holdings. It works like a self-correcting gyro control in a torpedo.

See all Editorial Reviews

Product Details

• Paperback: 102 pages
• Publisher: CreateSpace (October 23, 2007)
• Language: English
• ISBN-10: 1434809870
• ISBN-13: 978-1434809872
• Product Dimensions: 10 x 7.8 x 0.4 inches
• Shipping Weight: 5.6 ounces (View shipping rates and policies)
• Average Customer Review: 3.0 out of 5 stars  See all reviews (2 customer reviews)
• Amazon Best Sellers Rank: #683,224 in Books (See Top 100 in Books)

More About the Author

Praveen Puri has been a full-time trader, financial software developer, and a vice president at a major bank. He has appeared on MSNBC.com, NBC.com, The Wall Street Journal, FINS, MarketWatch.com, Wise Magazine, and Fox Business.

Customer Reviews

Most Helpful Customer Reviews

1 of 2 people found the following review helpful:

5.0 out of 5 stars It deserves 4 stars, so I rated it 5 to bring up the low score, July 6, 2009

By 

J. Witmer "libertarian" (Anchorage, AK USA) - See all my reviews
(REAL NAME)   

This review is from: Stock Trading Riches: The Simple, But Powerful Formula That Transforms Your Stock Picks Into Money Pumps (Paperback)

This book is an exposition of a conservative strategy that is designed to pay around 20% over time. It is a long term, conservative strategy that can be played in ANY market, in any sector. I highly recommend it, for what it is.

5 of 9 people found the following review helpful:

1.0 out of 5 stars Review, July 27, 2008

By 

Sajowe (Gladstone, Australia) - See all my reviews

This review is from: Stock Trading Riches: The Simple, But Powerful Formula That Transforms Your Stock Picks Into Money Pumps (Paperback)

A solid trading system that is based on buying lower than you sell (like any profitable trading system so nothing new there). Doesn't appear to be suitable for geared trading or FX. As the title states it is for stocks (ungeared). The system also doesn't produce realizable profits in a bear (short) market but rather buys in at the lower price. The system is based on a constant value trading system (ie. keeping your value of open positions constant). The system is not a scam. As the author states, it doesn't have a very high rate of return & after some analysis I would agree. I would almost think that money in the bank would do nearly as well if not better in the long term.