File Size: 204 KB
Print Length: 63 pages
Publisher: Stolly Media, LLC (August 7, 2015)
Publication Date: August 7, 2015
Sold by: Digital Services LLC
Language: English
ASIN: B013MBIX4S
Text-to-Speech: Enabled
X-Ray: Not Enabled
Word Wise: Enabled
Lending: Not Enabled
Enhanced Typesetting: Not Enabled
Best Sellers Rank: #31,912 Paid in Kindle Store (See Top 100 Paid in Kindle Store) #9 in Kindle Store > Kindle eBooks > Business & Money > Investing > Stocks #31 in Kindle Store > Kindle Short Reads > 90 minutes (44-64 pages) > Business & Money #41 in Books > Business & Money > Investing > Stocks
I have taken 4 trading courses and read 30-50+ trading books over 20 yrs of trading. This is by far one of THE BEST books out there! One of my courses was with a floor trader. He stressed what I've read, heard, been taught and again in this book, systems are great and necessary but it takes DISCIPLINE. If you can develop the discipline you can be successful. You trade based on RULES. This book is so good, I will keep it for future reference & plan to re-read. It's so easy to get caught up in emotion but it truly takes sticking to your rules and discipline to succeed. Another tip the floor trader taught me, this book also outlines, where is your trade broken? That is your exit/stop if it fails. You find where it's broken at support & resistance. Plan to fail, plan your stops and the winners will take care of themselves. Also exit your trade with a gain at support & resistance. Cannot say enough good things, this book is a MUST have for any serious trader.
This book is pure experience and common sense, explained in an honest way.The explanations are good for understanding the logic behind this rules, and even better to remember it.A set of rules every trader must learn, usually the hard way.If you are a new trader and can assimilate just one of the rules from this book, then you would be eating a very expensive and hard to prepare lunch for less than 3 bucks.As I said, the closest you'll get from a free lunch.
This little book is actually really helpful. It serves as a Check list, reminder, quick review of the best strategies and all of that. Beginners can use it as a path to walk faster and build their trading plan and experienced traders can use it to stay on track as well. I Highly recommend it. I think is worth it.
I have been a trader for 5+ years, followed different strategies and systems but Steve's knowledge and experience is beyond anything I have seen or read. I wish I came across these book earlier in my trading career, I would have cut my learning time and bad experiences by a significant amount.Getting into trading, without reading all these books is waste of time and will get into bad habits which would be hard to overcome.Steve is the most knowledge, yet Generous Trader who as articulated the psychological aspect of the trading in these books.While, I am trading day in and out, my Dad (over legal retirement age) was so upset over me in trading business because of the risk involved. I got him these books and God, after reading all of them, he has a different opinion now and thanks to Steve, we discuss the strategies and risk management together which is helping me build a better trading system.I got this book and list of books mentioned below for my Dad, A must read for all age groups, not only if you are trading but also get a feel of what this business is and what aspects of human emotions have to be reigned in to excel in tradingNew Trader 101: The Fastest Way to Grow Wealth in the Stock MarketNew Trader, Rich Trader: How to Make Money in the Stock MarketNew Trader,Rich Trader 2: Good Trades, Bad TradesCalm Trader: Win in the Stock Market without Losing Your MindTrading Habits: 39 of the World's Most Powerful Stock Market RulesHow I Made $2,000,000 in the Stock Market: Now Revised & Updated for the 21st Century
Great book for straight forward trading principles that help me stay in line and focused. I just read it over the weekend, and I'm already flipping through and re-reading so that these "habits" will be drilled into my thick headed trading emotions.
Great value for the price. I have a couple other books that have helped explain to me the basics of trading, but this has by far put them in layman's terms the most effectively.The book is short, but dense. It may take a few read throughs to get all the concepts.
Packed full of trading rules that get to the heart of developing a robust trading method all the while structuring your trade in a way that protects you both emotionally and financially.
This book ties in well with Steve's prior books and his NewtraderU.com website. The rules ARE powerful and more relevant than ever in this current whipsaw market environment. The book is the sort that you go back and re-read just to make sure everything sticks. Each rule is clearly stated with a comprehensive description on how you can apply this rule to your trading.This book is a must read for new traders, even those with a few years trading will appreciate it.
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