Trade Like the Little Guy (second edition) takes the approach that the small trader is not like the large trader - they have a unique footprint. They are able to dart in and out of stocks easily and find that high levels of cash are safer in times of uncertainty rather than in safe stocks. Small traders have advantages and it is imperative that they use them. Trade Like the Little Guy informs the everyday trader on how to successfully build wealth over time in a methodical fashion. It starts with a current market thesis and then seeks to exploit opportunities in the market place with trading ideas that are congruent with that thesis. The book starts with a definition of a successful trader and then shows you how to become one. Emphasis is place on risk factors and risk management; trading tools; thesis creation and the formation of a trading strategy. Through the use of a real world trading example, the concept of Active Portfolio Management is shown to minimize risks while creating substantial rewards.
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The book provides a small trader with a complete framework, techniques, and plenty of great advise to implement a trading portfolio. Further, LA shares his significant experience in trading which should help a diligent reader in the right way to becoming and disciplined and profitable trader. --BookPleasures.com, April 18, 2009
Trade Like The Little Guy (279 pages, $17.76 softcover, 2008, ISBN 9781439220542) by L.A. Little, published by Booksurge Publishing, a part of the Amazon group. This book takes the approach that the small trader is not like the large one. The little guys can dart in and out of stocks and they find that high levels of cash are safer in times of uncertainty rather than purchasing safe stocks. This book shows that small traders have advantages and how to use them. It shows how the little guy can become a methodical, successful trader. In the end, the book puts together all the tools and ideas presented, providing play-by-play of the real-life trades made by the author while writing the last chapter. It is informative, and it is real. --Stocks and Commodities Magazine, August 1, 2009
Trade Like The Little Guy (279 pages, $17.76 softcover, 2008, ISBN 9781439220542) by L.A. Little, published by Booksurge Publishing, a part of the Amazon group. This book takes the approach that the small trader is not like the large one. The little guys can dart in and out of stocks and they find that high levels of cash are safer in times of uncertainty rather than purchasing safe stocks. This book shows that small traders have advantages and how to use them. It shows how the little guy can become a methodical, successful trader. In the end, the book puts together all the tools and ideas presented, providing play-by-play of the real-life trades made by the author while writing the last chapter. It is informative, and it is real. --Stocks and Commodities Magazine, August 1, 2009
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Most Helpful Customer Reviews
16 of 18 people found the following review helpful
By P. Keegan
Format:Paperback|Amazon Verified Purchase
I have been trading stocks on and off for many years, and much more earnestly in the recent past. About Three years ago I got the financial "bug" to take control over my own financial destiny. Since that time I have read more than 45 books and hundreds of magazine articles on stocks, options, futures, forex, day trading and various methodologies. It was not until I read "Trade Like The Little Guy" that I started trading successfully and stopped losing money!
The information contained in this book is presented in a very straight-forward and easy-to-understand manner. The main principal this book taught me was to have patience. Wait for the market to unfold and give up the information it has to allow you to make intelligent decisions about your trading. So now I always ask myself "What is the market telling me now?".
In addition the other point driven home for me was to switch my focus on preservation of capital and mitigation of risk, rather than simply focusing on how much I "might" make on a given trade. This has actually allowed me to live the old addage "Cut your losses short and let your profits run!"; a practice much more easily said than done, until I read this book.
Up until this point I had never really used Stock Screeners, but after reading this book, and trying them myself, I am now a believer.
From thesis development to risk management and trade execution, this book provides an excellent springboard into a larger world, and helps you focus on becoming a more disciplined trader. It has has improved my success rate substantially. A must read for traders of all levels!
The information contained in this book is presented in a very straight-forward and easy-to-understand manner. The main principal this book taught me was to have patience. Wait for the market to unfold and give up the information it has to allow you to make intelligent decisions about your trading. So now I always ask myself "What is the market telling me now?".
In addition the other point driven home for me was to switch my focus on preservation of capital and mitigation of risk, rather than simply focusing on how much I "might" make on a given trade. This has actually allowed me to live the old addage "Cut your losses short and let your profits run!"; a practice much more easily said than done, until I read this book.
Up until this point I had never really used Stock Screeners, but after reading this book, and trying them myself, I am now a believer.
From thesis development to risk management and trade execution, this book provides an excellent springboard into a larger world, and helps you focus on becoming a more disciplined trader. It has has improved my success rate substantially. A must read for traders of all levels!
12 of 13 people found the following review helpful
Format:Paperback
More than fifteen years ago, two events changed the way shares are traded. In 1974 the US Securities and Exchange Commission introduced deregulation of brokerage commission costs. Prior to this, it would cost a trader approximately $1 commission per traded share. Today that figure is approximately $0.01 per share. One can readily see that trading in shares today is a far less expensive way to bolster ones finances than it was all those years ago.
The second event that changed the way shares are traded, is the internet. It's now possible for small traders such as you and I (through a broker) to trade online. As the author, L.A. Little points out, the combination of these two events has seen the rise of the small trader.
The "Little Guy", (author L.A. Little) outlines how small traders can trade profitably in the markets even though they do not have the resources of large traders. Little describes the key to such success as using a rational and logical process, rather than relying on a belief about particular stocks.
This book has many good tips, ideas and most importantly, systems to suggest how small traders can profit. For example, the need to decide a personal "trading thesis" that should underpin all your trades.
However, the book would benefit from some tight editing. There are some grammatical errors, long paragraphs and long sentences (one sentence had 60 words). This does tend to make it more difficult to discern the key concepts.
Bob Selden, author What To Do When You Become The Boss: How new managers become successful managers
The second event that changed the way shares are traded, is the internet. It's now possible for small traders such as you and I (through a broker) to trade online. As the author, L.A. Little points out, the combination of these two events has seen the rise of the small trader.
The "Little Guy", (author L.A. Little) outlines how small traders can trade profitably in the markets even though they do not have the resources of large traders. Little describes the key to such success as using a rational and logical process, rather than relying on a belief about particular stocks.
This book has many good tips, ideas and most importantly, systems to suggest how small traders can profit. For example, the need to decide a personal "trading thesis" that should underpin all your trades.
However, the book would benefit from some tight editing. There are some grammatical errors, long paragraphs and long sentences (one sentence had 60 words). This does tend to make it more difficult to discern the key concepts.
Bob Selden, author What To Do When You Become The Boss: How new managers become successful managers
7 of 7 people found the following review helpful
By D. Hill
Format:Paperback
This book is like having a Dutch Uncle at your elbow. Les doesn't try to wow you with a "Big Me" approach. Instead, he seems to step to your side and seriously asks you to examine your trading habits, encourages sensible risk management toward the goal of capital preservation, and offers a do-able approach to trading. CNBC and all the pundits now seem to warn that "buy and hold" is a questionable approach -- well, Les has been pointing that out for the better part of 10 years now on his free website, [..]. Les is not always right, but what I like best about him (and is shown in the book) is his straight-forward willingness to reassess the situation based on the best information currently available, and as necessary, adjust to the FACTS. Part of my background includes participation in a wildland fire team out to the Northwest, and wildland firefighters have all too often painfully learned that stubborn adherence to a plan when the situation changes results in lost lives. Les's approach is to maintain needed "situational awareness" so that your trading "life" is preserved. Thanks to his wisdom, my "401k" has not shrunk to the "201k" you hear so much about these days, but instead has at least modestly increased. Don't let the few typos in the book distract you from the messages that will help you maintain your financial independence.......[..]!
Most Recent Customer Reviews
5.0 out of 5 stars
Trade Like the Little Guy
"Trade Like the Little Guy" by L.A. Little is a must-read for anyone learning to take control of their own financial growth through equity trading. Having first encountered L.A. Read more
Published 21 months ago by Steve W.
2.0 out of 5 stars
What's the edge?
Any strategy that doesn't have a clear edge is suspect. The author says a little guy's edge is being able to go in and out without too much slippage, etc. Read more
Published 22 months ago by iggy
5.0 out of 5 stars
Eye Opener
Trade Like the Little Guy gives the average ordinary person a heads up on what's really going on in the investing world. That's what attracted you to the book right? Read more
Published on March 27, 2011 by Douglas M. Cooklin
5.0 out of 5 stars
Application of this book will make you $$$$
Whether you are bullish or bearish, fundamental or technical, L.A. Little will provide you with everything you need to be a successful trader in any market. Read more
Published on January 3, 2011 by thereisnospoon
4.0 out of 5 stars
Excellent book for beginners who want to be successful traders.
I read many technical books, and I have been trading stocks for many years. The book is easy to read and shows how to manage your money and to become a successful trader with... Read more
Published on May 23, 2010 by Thingyo
2.0 out of 5 stars
Huh?
Trade Like the Little Guy has a catchy title and, when I bought it, lots of 5 star reviews. So I bit since I like to read a trading book once a year. Read more
Published on May 19, 2010 by F. B. Eckhoff
3.0 out of 5 stars
9 out of 10 reviewers have only reviewed this book
I was interested in buying this book until I noticed that 9 out of the 10 reviewers have only reviewed one book -- this one. So I'll pass on this one.
Published on April 5, 2010 by Anonymous
5.0 out of 5 stars
This is a must read book!
Having previously read numerous financial investing books in the past; there is absolutely nothing in print which comes close to "Trade Like the Little Guy." L.A. Read more
Published on March 8, 2010 by R. Newcomer
5.0 out of 5 stars
Trade Like the Little Guy by L.A.Little
If you want a book that in clear concise language shows you how to be successfull as a Trader this book is the one for you. So many other books, systems, programs etc. Read more
Published on January 30, 2010 by Edward M. Keenan
5.0 out of 5 stars
A very good book, a complete trading plan for the individual who...
Mr. L.A.Little in his "Trade Like the Lttle Guy" compares the situaion of the "little" guy - the small trader - to that of the "big" guy, the large trader, and finds that most of... Read more
Published on April 21, 2009 by Carroll C. Davis
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