Book Reviews

This category contains 133 posts

Book Review of How to Make Money in Stocks Success Stories by Amy Smith

The full title of this book is How to Make Money in Stocks Success Stories: New and Advanced Investors Share Their Winning Secrets by Amy Smith. This is another book in Investor’s Business Daily’s series of books. This book highlights specific experiences that different people have with the IBD methodology. Most of the content would be … Continue reading

Book Review of The Layman’s Guide to Trading Stocks by Dave Landry

The title of this book is The Layman’s Guide to Trading Stocks by Dave Landry (2010). I like this book for a number of reasons: “Contents page” right on the cover, similar to the style of books in the 1920s Big size, nice clean layouts, decent sized charts and diagrams, large fonts Not too much information … Continue reading

Book Review of The Emotionally Intelligent Investor by Ravee Mehta

The full title of this book is The Emotionally Intelligent Investor: How Self-Awareness, Empathy and Intuition Drive Performance by Ravee Mehta. According to the bio in the book, Ravee previously held positions at Soros Fund Management and Donaldson, Lufkin & Jenrette. He was a managing director for 8 years at Karsch Capital Management, before becoming a … Continue reading

Book Review of The Master Swing Trader Toolkit by Alan Farley

The full title of this book is The Master Swing Trader Toolkit: The Market Survival Guide by Alan S. Farley (2010). This is sort of like the 2nd edition of his earlier book The Master Swing Trader: Tools and Techniques to Profit from Outstanding Short-Term Trading Opportunities (2004). I picked up this book after reading a good review of … Continue reading

Book Review of Twelve Habitudes of Highly Successful Traders by Ruth Barrons Roosevelt

As regular readers of this blog will know, I am a sucker for books published by Traders Press. They always give me the impression that their books have more substance, less fluff. This is a trading psychology book. It’s a thin volume, but it goes through 12 keys areas in the psychology make-up of a … Continue reading

Book Review of Secrets of the Trading Pros by H. Jack Bouroudjian

The full title of this book is Secrets of the Trading Pros: Techniques and Tips That Pros Use to Beat the Market by Hagop Jack Bouroudjian (2007). Jack had been a floor trader, ran the equity futures operations of Nikko Securities on the Chicago Mercantile Exchange (CME) floor, and served on the CME board of … Continue reading

Book Review of The Four Cardinal Principles of Trading by Bruce Babcock

The full title of this book is The Four Cardinal Principles of Trading: How the World’s Top Traders Identify Trends, Cut Losses, Maximize Profits & Manage Risk by Bruce Babcock (1996). This is a pretty unique book which focuses on trading techniques, specifically techniques to identify the trend, cut losses, let winners run, and manage risk. … Continue reading

Book Review of The Janus Factor: Trend Follower’s Guide to Market Dialectics by Gary Anderson

The full title of this book is The Janus Factor: Trend Follower’s Guide to Market Dialectics by Gary Edwin Anderson (2012). This book presents a trading strategy based on relative strength and relative momentum. It classifies the market into two regimes: trending, and contrarian. In a trending regime, strong stocks get bought, weak stocks get sold, … Continue reading

Book Review of The Investor’s Quotient by Jake Bernstein

The full title of this book is The Investor’s Quotient: The Psychology of Successful Investing in Commodities & Stocks, 2nd Edition by Jake Bernstein (1993). This is a really excellent book on trading psychology. The book covers the reasons why traders find it so difficult to following their trading plan, and what they can do to … Continue reading

Notes on Schwager’s Market Wizards Interview with Michael Marcus

I am reading through the original Market Wizards book by Jack Schwager. Here’s some notes from his interview with Michael Marcus. Wikipedia has a short bio of Michael Marcus, link here. METHODOLOGY Ride Your Winners – Never Get Out Unless the Trend Changed One time, [Ed Seykota] was short silver and the market just kept … Continue reading

Why It Is So Difficult to Trade With the Trend: Pulling the Trigger, and Riding the Winners

Many people have no problems identifying the trend with their own methods, yet they have difficulties in pulling the trigger to capitalize on that trend. Why is that? And for those with no problems in pulling the trigger, they find themselves exiting too early (too early = earlier than what their trading plan dictates). Again, … Continue reading

Book Review of Chasing the Same Signals by Brian Brown

The full title of this book is Chasing the Same Signals: How Black-Box Trading Influences Stock Markets from Wall Street to Shanghai by Brian R. Brown (2010). Brian served as Director of Pan-Asia Systematic Trading at Morgan Stanley, and also did statistical arbitrage strategies at Monroe Trout’s (a Schwager Market Wizard) Trout Trading Management. This … Continue reading

Book Review of the Art of the Trade by R. E. McMaster, Jr.

The full title of this book is The Art of the Trade: Mastering the Analytic and Intuitive Elements of Successful Trading by R. E. McMaster, Jr (1999). There are a lot of good trading advice in this book. Most of it is standard good advice for any style of trading, with a focus on the psychology … Continue reading

Book Review of The Trading Book by Anne-Marie Baiynd

The full title of this book is The Trading Book: Complete Solution to Mastering Technical Systems and Trading Psychology by Anne-Marie Baiynd. This book has two main sections: one of using technical indicators / tools for the trading methodology, and another section focuses on softer aspects: trading psychology, discipline, etc. Baiynd walks through a long trade … Continue reading

Book Review of Investing and the Irrational Mind by Robert Koppel

The full title of this book is Investing and the Irrational Mind: Rethink Risk, Outwit Optimism, and Seize Opportunities Others Miss by Robert Koppel (2011). Robert Koppel was a floor trader, a hedge fund partner, and a president in Rand Financial. He also wrote another book, The Intuitive Trader: Developing Your Inner Trading Wisdom. The book covers … Continue reading

Book Review of The Guts & Glory of Day Trading by Mark Ingebretsen

The full title of this book is The Guts & Glory of Day Trading: True Stories of Day Traders Who Made (or Lost) $1,000,000 by Mark Ingebretsen (2001). The book features the stories of a number of traders who took a small account and traded it to above a million bucks. As the book was published … Continue reading

Book Review of The Zurich Axioms by Max Gunther

The full title of this book is The Zurich Axioms by Max Gunther (1985). Gunther wrote that the Swiss are among the most affluent people in the world even though their country is small and does not have many natural resources. The reason being the Swiss are good at taking on risk and winning. The ‘Zurich Axioms’ … Continue reading

Book Review of The War of Art by Steven Pressfield

The full title of this book is The War of Art: Break Through the Blocks and Win Your Inner Creative Battles by Steven Pressfield. I got to know about Steven Pressfield from a webinar by John Carter (author of Mastering the Trade). He credited Pressfield’s book Do Your Work as his source of inspiration which propelled him … Continue reading

Book Review of The Game in Wall Street by William Hoyle

The full title is The Game in Wall Street And How to Play It Successfully by William E. Forrest Hoyle (1898). I am a sucker for old books on the markets. I tend to find them having better content compared to many of the books published nowadays on the markets. And it is always interesting that … Continue reading

Book Review of Deemer on Technical Analysis by Walter Deemer

The full title of this book is Deemer on Technical Analysis: Expert Insights on Timing the Market and Profiting in the Long Run by Walter Deemer and Susan Cragin (2012). Deemer had an entire career in Technical Analysis and worked with the who’s who of the industry. He started work at Merrill Lynch and worked under … Continue reading

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