Customer Reviews

Trading Rules II: More Strategies for Success

5 star:		(3)
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2 star:		(1)
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The original Trading Rules gave me a bible of rules to use when looking at markets. This one goes one step further by offering even more insight into market strategies employed by the market insiders. Eng's explanation of stock splits as a form of revisionist history shows how the big boys really use stock splits to rewrite their original costs ... and screw the public ... is an insightful chapter. Eng's use of arbitrage clearly explains how I can use it outside of the markets! Other chapters are just as valuable to making money. In fact, no other book has portrayed the game played against the public as this one book by Eng. Eng's twenty years of market experience certainly shows up here. This is for today what Reminiscences of a Stock Operator was to investors and traders of the 1920s

I don't believe that the other review for this book is legitimate, which is why I am writing this one. I did not find this book very useful. The material is dated, and the "rules" are really just a collection of thoughts the author has had about the market -- nothing useful for the non-floor trader. I recommend checking this one out of the library before you buy.

Jesse Livermore's Rule #1 was, "don't be a sucker." Over time I've come to appreciate how difficult it is to follow this one rule. In this book, Eng gives a large set of rules related to prevention from losing money in the markets due to gullibility.

This book covers many ways that stocks are marketed and manipulated to glean profits from the participating public. After reading this one, my second book by Eng, I have a deeper respect for the dangers of the financial markets. In this arena, you can never let down your guard or feel comfortable. Also, you cannot expect to stay a step ahead of the insiders and professionals. They are very smart, determined and cold-blooded.

In short, I recommend this book without reservation for anybody brave enough to step in.

William Eng ,while he didnt make Jack Schwagers interviews,has had some interesting memberships;
CBOE,CBOT,Chicago Stock Exchange,Mid-America Exchange.

Also liked the red tag sale price on his book .

More than several chapters are worth the price of book;
like details in ''A reation in a bull market and a decline in a bear market are Not one and the same. Thank you Bill Eng