Product Description
Inside, Tom will take you through his entire trading system with detailed coverage of Volume Principles, Fibonacci Analysis, Swing Points, and more! Thousands of traders all over the world have already benefited from Tom's disciplined approach to trading, and now you can learn all the tools he uses each day in trading the markets. Whether you are an experienced trader or just learning the basics, this book is an absolute "must have" in any traders library.
Tom O'Brien's Timing the Trade Table of Contents:
1. Lets Get Cookin *
2. Volume *
3. Cause & Effect *
4. ABCs *
5. Candlesticks *
6. Fibonnacci *
7. Confluence *
8. Stops *
9. Support & Resistance *
10. Swing Points *
11. Gaps *
12. Channels *
13. Jumping the Creek *
14. 3x3 DMA & MACD *
15. Identifying the Trade *
16. Setting up the Trade *
17. In the Trade *
18. Risk & Money Management *
Appendix I: Case Study *
Appendix II: Drawdowns & ROI *
Appendix III: Glossary
Customer Reviews:
This book will teach you how to make better trades!.......2007-09-10
This book is really good! It does not confuse you it teaches you how the market works and ways for you to make better trading decisions. Enjoy!! Now it's time to go make some money!!
Timing the Trade.......2007-08-01
I thought this was a pretty good book. It did not go into great depth in any one area when TA was discussed, but did a good job focusing on some fairly important trading philosophies as to when to enter a trade and when to get out and paying attention to volume as a confirmation tool. I thought it was a good book especially if you are fairly new to trading, for the experienced trader it did not offer as much although it did reinforce some important trading "rules". I liked in particular the chapters concerning Confluence & Jumping the Creek, Coming back to Ice.
Great Book!.......2007-04-09
This book and Tom O'Brien have helped me to better understand technical analysis of the market and has been instrumental in my market success. It is a great book for all levels beginners on up. The book came highly recommended to me, and I highly recommend it to everyone else!
Opening the"Black Box" of Trading Systems.......2007-03-14
Tom's book describes his system in a way that takes the shroud off of the details used to actually screen potential trades, choose buy-levels, and sell-levels.
The book will provide the reader with the ability to choose stocks to analyze and then to do a substantive analysis for a given stock. The reader will be amazed to see how price increases that are not supported by demand for stocks are clearly visible on charts.
The system helps a stock trader to eliminate from consideration 99+% of stocks and lets one choose from a small, lower risk set of equities.
The system's money-management segment then teaches how to assure that risk is quantified and controlled using sell targets and stop-loss orders.
-Frank from Lexington
Outstanding information!.......2007-03-09
I have read and re-read this book. Wonderful reference guide. It's like a "Manual For The Markets". I'll recommend this to anyone. I am getting a great primer on reading charts.
Book Description
The option day trading blueprint you've been waiting for!
Options day trading is no walk in the park. But it is your most potentially profitable way to take advantage of the day-trading phenomenon. Put the odds in your favor with Demark on Day DeMark and Thomas DeMark, Jr. Forget complicated formulas! Instead, this nuts-and-bolts guide gives you a set of option trading techniques, indicators, and rules to limit risk without sacrificing profit. You're shown how to:
*Select, design, and build your own highly-personalized trading model
*Use filters and screens to select optimal option trading candidates
*Identify low-risk entry points in up, down, or even sideway markets
You get savvy tips for buying puts or calls based on market, industry, or underlying security ù even get a phone number to get a free, updated TD Indicators demonstration disk. For three decades, traders using breakthroughs like the DeMark Indicators have made fortunes. Now it's your turn!
Download Description
Electronic day trading of Internet stocks may be making the headlines ... but the entire field of day trading has exploded! DeMark on Day Trading Options is the first book to combine two of today's hottest trading phenomena -- day trading and options trading -- into one exciting blueprint for making money in volatile markets.
After first reviewing the basics of options. Tom DeMark -- renowned as a pioneer in technical analysis -- breaks new ground by introducing methods and techniques specifically designed for day trading options. He provides insights on selecting the best options to trade for specific markets. details how traders can accurately predict market movements and introduces the ingenious option trading variable he developed.
Customer Reviews:
This book is great.......2006-08-02
The previous reviewer cites the perception of the author's inflated ego. I too was distracted by the author's tendency to refer to "TD" indicator this and that and this disturbed me. However, i had the good fortune to meet the author at a Bloomberg seminar and the author explained why he chose to preface his indicators with the 'td'. The justification he gave was that his attorney wanted him to trademark and control the indicators and that was the effective way for him to accomplish that goal. I accept that reason and more than that I can overlook the petty complaint that it is distracting by concentrating upon the value I find in the indicators. I say call them whatever the author wants to since bottom line they are the best I have seen in my 35+ years in the industry.
Ummmmmm..........2006-07-25
You may want to think twice about this one. Not to be negative, but it is very hard to follow. Clear and concise dialog is absent in favor of unnecessary "branding" if you will of common techniques mixed with completely unverified and difficult to back test methods for trading the markets. This is trading celebrity gone wrong. I would love to know the remaining balance of an investment account traded with these "TDious" indicators. You can at least save yourself from this trade.
Prescription for successful trading from a true genius.......2006-06-16
My trading partner introduced me to the author's work. He told me that the author had worked closely with Paul Tudor Jones, Leon Cooperman, Steve Cohen and other industry titans. To be associated with these guys, he had to have something of value. After reading his books, my conclusion is that he truly possesses a creativity and market awareness that is unmatched in the industry. Although the ideas he presents can be profitably applied, I am certain that he does not share everything he knows with the reader. Regardless something is better than nothing.
The author is a market genius!.......2006-01-02
Prior to xmas and on my birthday I received a copy of DeMark's 'New Science of Technical Analysis'. I have been a professional trader for over 20 years and currently head up the trading operation at one of the major Wall Street firms. I thought I knew how market operateed and I shared my expereince on TV, radio, and in newspapers for years. Upon reading this book and as well ass the other two in the DeMark set, I have gained a profound new awareness how markets truly behave. The author is beyoind peer in defining and describing the intricacies of price behavior. What an enlightening series of reads.
Actually, 4 1/2 stars but truly a ground-breaking book.......2005-02-16
I enjoyed this book immensely and since I have been trading for over 30 years and never read anything approaching the uniqueness of this book. I also read with much interest the author's other two bboks. However, the reason I would prefer not to assign a full 5 stars is because I truly believe the author knows much more than the general (and sometimes specific) ideas he posits in the books. I realize that the author has no obligation to share more than the very helpful ideas we find within the pages of the book but it would have been much, much more useful to include more information. I assume that for the small amount of money invested in the books, he did not want to provide more information. Also perhaps the size of the book would be volumes. Nevertheless the new, original ideas included in the book are compelling and very helpful.
Book Description
From the world's foremost authority on chart analysis-- a practical new treatise on mastering powerful trading tools and systems
In the sequel to his best-selling book, The New Science of Technical Analysis, Tom DeMark refines the most popular and precise of his indicators with exacting new attention to real-time trading applications. For the first time, DeMark shares his powerful new indicator, TD Combo, which when combined with the highly popular Sequential Combination is a powerful new tool for understanding market rhythm and calculating price points.
THOMAS DeMARK (Phoenix, Arizona) and his technical indicators have been a major force at some of the largest and most successful trading operations in the world, including his own firm, Devan Capital.
Customer Reviews:
Professional / amateur divide.......2007-08-08
This is the first time I've commented on a book here on Amazon before reading it.
What strikes me is that the reviews can be broken up into two camps:
- trading professionals working in the industry, who have the indicators already programmed on their terminals, and who have the incentive to use them
- trading amateurs, either complaining about the poor structure, layout or grammer used in the book, or who don't have the means or the ability to program the indicators for themselves.
With this in mind I ordered the book, figuring that I would much rather trade on the same side as the professionals. I gave it four stars so as not to unduly influence the book's current rating.
The methodology in this book made me a professional.......2007-06-04
I took the leap to professional trader after I seriously studied Tom DeMark and the methodologies in this book. My analysis, trading and most importantly, my money making, went to another level. There is a reason that SAC, Paul Tudor Jones and others have relied on Tom DeMark over the years. Retail traders are mostly unaware of these indicators but hedge fund professionals on trading desks all over the world know the name DeMark.
Practical, Useful and Worth Keeping Near Your Terminal.......2007-03-08
Mr. DeMark has put together a practical collection of indicators which investors -- of all time frames -- can use to enhance their profitability.
This book also complements his video series where some of the indicators in this book are described.
Like most technical analysis books, the material presented shares its roots with methods described in many earlier works. However, learning Mr. DeMark's implementation of them will add another dimension to your understanding of technical analysis (on macro and micro levels), and will also improve your bottom line.
Completely Dessapointed.......2006-11-02
The first book of DeMark was good but this one is not a book, is like some manual for some software. All indicators are copyrighted, so you have to use one of the charting software indicated and even doing that you don't have access to the code.
You can't write your own for the software are you using or modify some because there is no formulas explained.
Is like to buy a car and you can't see inside the engine, touch them, stripping, etc. You only can drive.
It's shame, a complete waste of time and money.
At the begging he mention Larry Williams. I suppose if Larry
it had kept the Williams %R formula in the secret he would be one of the most popular traders known.
The dumb trader: pays for a profits promise when buying something, and indicator, an expert, a system.
The smart trader says: before pay, show me the profits an then we see.
Best of Best.......2006-07-27
Although this book is hard to read,but it's worthy.
Actually it gives me a lot of inspiration to design my system.
I prefer the major indicator like TD sequential and TD combo.
Also the TD trend factors and STOP rules.
I found Demark was really so smart to find the rules of market tempo.
It's also the basic rules of every life.
I studied this book combined with other master's theory.
The result matched amazingly.
Thanks Demark for his creativity.
Book Description
Written in a straightforward and accessible style, Trend Trading teaches you how to trade equity trends with sound money management discipline, from the individual stock level to the whole portfolio level. Tailored to investors who want to use elements of trend following strategies in their equity portfolios, Trend Trading presents unique investment tools and advanced technical analysis methods in simple, commonsense terms.
Customer Reviews:
Nothing new. Basic knowledge for long term trading.......2007-08-12
This book shows methods for trend following long term trading.
There is nothing new in it. If you have already read for example "Trade your way to financial freedom" (a much better read by the way), you will learn about nothing in this book.
The style of the book is quite academic but all presented things are extremely simple. Everything is very much detailed with obvious formulas or repeating the same stuff for the short side (exactly symmetric) after having been explained for the long side, perhaps in order to reach the critical number of 200 pages for the book.
I wonder what is the motivation for this book since there is nothing new. A result of the Wiley Trading frenzy to publish?
Disappointing-save your money.......2007-02-20
Too academic and nothing new to add to material that is already out there.Not that practical from a swing trader's point of view.
This is a hard read........2007-01-29
I found this book to be difficult to read. I didn't think the book was well organized or well written. I often found myself rereading sections and starting the book over. It was hard to understand some of the information not because it was complicated, but because it just wasn't written clearly.
I would not recommend this for the novice investor. There are better books out there.
Worthwhile.......2007-01-03
I read this book over Christmas break, initially thinking that I had picked up yet another tome that amateur traders would find entertaining, but which would contain little useful information about the actual details of trading.
I quickly realized that Trend Trading was no ordinary book. It is literally packed with trading details, from its in-depth explanation of trend trading and money management tactics to its exposition on the psychological experience during different stages of trading.
What a privilege for us that Kedrick took the time to write this book after 8 years in the markets. A truly worthwhile read
Specific ideas for beginners and serious traders.......2006-11-24
Systems traders have long been known to employ profitable trend following strategies in the futures markets. Applying those concepts to stock trading has proven to be difficult, although the idea of trend following in stock markets dates back at least the days of Charles Dow. In a new
book, Kedrick Brown, a former vice president at Knight Equity Markets, LP, redefines trend trading and offers readers a lot to think about, and readers of this book will find a large number of testable ideas.
Brown reviews the basic tenets of Dow Theory, and summarizes the underlying idea as, "Dow Theory thus assumes that it is only worth
owning stocks during confirmed bull markets in the major indices, and that one should be out of stocks otherwise." He also offers a straightforward definition of a trend following trading strategy as, "Any preplanned, rule-based strategy for managing open position P&L in which open profits could hypothetically grow indefi nitely under a limited
set of circumstances, while open losses are limited under all circumstances."
After developing a common base of understanding, Brown develops a relatively simple trend following strategy applying what he calls three dimensional technical analysis. In three dimensional technical analysis, traders need to consider not only price and time in a single stock, but they should expand their focus to similar information in multiple stocks simultaneously. In his book, Brown fully develops a sample strategy to trade any NASDAQ stock, such as MSFT.
This strategy, one of many in the book, relies on an objective method of defi ning a market's trend - the binary trend identification method using
Donchian bands:
1. Filter condition: Take long positions in MSFT only if the NASDAQ Composite is in an uptrend, defined as price having made a new 32-day high more recently than it made a new 32-day low.
2. Buy MSFT if it makes a new 24-day high while the NASDAQ Composite is in an uptrend.
3. Limit your losses by setting an initial fixed stop at the 24-day low at the time of trade entry.
4. If the initial stop is hit, reenter on a new 24-day high if the NASDAQ Composite is still in an uptrend.
5. Exit if the NASDAQ Composite enters a downtrend, defined by the price reaching a new 32-day low.
Buy and sell decisions in this example follow the trend of the general market. The strategy manages open position P&L by limiting losses and allowing profits to run in bull markets.
Interestingly, specific reentry points are precisely defined. This is often challenging for traders to do, and Brown points out that it is important to get back into positions after being stopped out if trend following in equities is going to be rewarding to traders.
Other trading strategies are comprehensively developed in the book, and the reader is always given a complete understanding of the underlying principles. Brown also devotes a large portion of the book to a detailed discussion on position sizing, and provides worksheets that traders can use or adapt for their personal use to develop trading plans. Overall, the book can serve as a complete "how to" manual for the beginning trader, but offers a great deal for more experienced traders.
In an interesting, but brief section, Brown addresses the institutional money manager's need to add alpha by outperforming, on a relative basis, a benchmark. Assuming the benchmark is the S&P 500, Brown notes, "If you hold a proxy for the S&P 500 at all times when not trading, you need only to outperform the proxy during the holding periods of your trades to beat its long term performance (before commissions and taxes)." The discussion and test results of this point are worth considering for all those attempting to outperform a benchmark.
Book Description
Your own strengths, style, and personalityand the steps found in this bookcan revitalize your trading program!
"Van's book gets directly to the heart of what it takes to be a successful trader. It's the best book I've read on trading successfully; not fluff or hype like so many others."Tom Basso, President, Trendstat Capital Management, Inc.
"The trading public owes Dr. Tharp a debt of gratitude for this insightful masterpiece." -Edward Dobson, President, Traders Press, Inc.
Customer Reviews:
Title Is Campy But Content Is Solid.......2007-09-27
Never liked the title, but there's enough solid information in the book to make it worth the read. Trading is 90+ percent psychology and money management. Otherwise brilliant people can perform miserably using a top notch proven trading system without these 2 factors in check....
NUTS AND BOLTS MISSING.......2007-09-03
Great theory, a stock that goes up 15 points will cover losses of 14 stocks that go down 1 point so control your losses and come out 1 point ahead. No practical information on how to set up a trading system, only generalizations. This is the same book this guy wrote 10 years ago.
Great suggestions like be like Warren Buffet. Don't waste your money.
Good emphasis on objectives and position sizing, Not so clear on somethings........2007-08-14
From the 4 stars and the fact that I got both the older edition and new edition of the book, I think this book is good. But constructive criticism will be given here instead.
In the foreword, The author admitted his confusing explanation of the topic on "expectancy" in his older edition, which was improved in the new edition. I just wished he could have improved the technical sections as well.
explanations for deeper technical aspects of trading strategy and indicator are vague and require additional resources for explanation. such as the section on explaining ADX indicator and Perry Kaufman's system are very vague. these sections of the book are very confusing and slow to get through, yet, I have learned a great deal in searching other sources for explanations on these topics. So for trading strategies and indicator, technical stuff, this book is confusing. but I like how the author gives his opinions on the effectiveness of various tools out there. cus we all know the tools are there, just need to know which ones are good and how they should be used.
other parts are wonderful. good book. read the other positive comments, I agree.
THE book for mathematical systems traders.......2007-07-30
I've read a great many books about trading and investing, and in my opinion this book is the most informative and educational book on the market for traders who trade non-discretionary systems, or would like to learn the proper methods for doing so. His discussions of risk management, position sizing, and obtaining a real edge in the markets are second to none. Discretionary traders and investors will also benefit from this book, though systems are his focus.
I don't understand how some of the other reviewers could call this book nonsense. It is not nonsense. As a trader who trades every day, I can tell you that you will learn and improve if you read and understand this book.
Until you clearly understand risk management you do not have a significant long term edge in the markets. This book is one of the few out there that can teach you this.
Excellent.......2007-07-27
Essential reading for all traders, novice and experienced. The R-multiple concept and self-examination are invaluable. These techniques will keep you in the market long enough for the positive expectancy to get in gear.
Book Description
Timing the Real Estate Market is the only book in the world that presents a tested, proven, and clearly defined scientific method for showing investors and homeowners when to buy and sell real estate at the best possible time
Stand back from the frenzied, ill informed crowd … you can be three steps ahead of them. Buy real estate when prices are low and nobody seems to want it. Years later, cash in when prices are high and the masses are in a panic to own what you are holding.
No need to guess about tomorrow's real estate trends … or listen to the latest crystal-ball forecasts from economists and experts … that's like spinning the roulette wheel. Based on five key leading indicators called "Vital Signs," you will learn how to anticipate the approaching peaks and valleys of real estate cycles with amazing accuracy.
Be more successful by being your own expert … by being self-reliant and using your own brains. Be a smart investor who sees opportunity (and danger) early where others do not … and make your own highly profitable buying and selling decisions.
Here's what Timing the Real Estate Market shows you ...
1. How to identify the best time to buy a home -- and the best time to sell.
2. How to maximize real estate investment profits -- and avoid losses.
3. How to identify the "sweet spot" in real estate cycles -- where prices can go full-throttle through the roof.
4. How to identify the four stages of all real estate cycles -- and "position" yourself to have an overwhelming advantage when you buy and sell.
5. When it's smart to "follow the crowd" - and when it's critical that you "break ranks" and move in the opposite direction.
6. The 3-step formula that any one can use to analyze the real estate market with up to 10 times more accuracy than even the best real estate experts.
7. The truth about interest rates. This will really surprise you!
8. The single biggest mistake people make in real estate - and how it can wipe out all the money you worked so long and hard for. Learn how to protect yourself.
9. How to "read" the signals the market is sending you - and which three "alarm bells" signal when a major trend is about to begin and end.
10. The simple, yet seldom-followed technique used by the world's most savvy and rich investors to make "really big money" in real estate.
11. Ten Cardinal Rules that guarantee that you will achieve maximum long-term success in real estate.
12. How to use the "K.I.S.S." method to track real estate trends - and all it requires is one 60-second phone call each month to your real estate agent.
13. Learn the best kept secret in real estate - and how it holds the key to the "True Wealth" formula for long-term investment success.
14. Three Market Truths - and why ignoring them is hazardous to your wealth.
15. Why economists are usually "dead wrong" in their real estate forecasts - and how to use this misinformation to your advantage.
16. The two traits of human nature that always sabotage profits - and the four things you must do to overcome them.
17. The most practical principle to ever come from the study of economics - and how it holds the key to the direction of real estate prices.
18. Why hard work and superior intelligence are not always correlated with real estate success - but the single most important thing that is.
Customer Reviews:
Timing the Real Estate Market by Robert M. Campbell.......2007-01-11
This is a excellent book. The use of oscillators to fine tune buying real estate was a first for me. I am a futures trader so using charts and oscillators makes sence to me. Robert Campbell makes it easy reading for anyone. Here in Australia some of the data Robert uses is unavailable so we have to modifiy it a bit. In the USA I think it would be the best way to go about buying real estate.Timing any market is of the essence and Robert has wrote a extremely useful book on the subject.Robert takes a hard subject and makes it easy to understand a sign of a gifted author.
I would rate this book 10/10. If you are interested in real estate you should buy this book.
A short sloppy book full of immodest claims.......2005-08-31
The best thing that I can say about this book is that it is one of the few books on an important topic.
The book describes "The Campbell Method" of real estate timing and it's application to the San Diego market. Although Mr. Campbell claims that he had "mathematical proof" [p48] that the market gives clear signals about it's impending changes, this proof is not provided to us. We only see the method applied sloppily to the San Diego market with no attempt to validate it against other markets.
Even it's application to San Diego is littered with mistakes and incomplete information. For example, in chapter 7 we are told "early 1997... was about 6-12 months after Vital Signs #1 through #3 gave 'buy signals'..." [p94] but the chart for Vital Sign #3 does not signal until April 1997. Nowhere in the whole book are we shown a chart that shows price trends - we are to take Mr. Campbell's word that the vital sign's signals in fact lead price changes.
Other problems:
* This book does not properly address the costs of buying and selling in it's discussion of timing
* A "real estate crash index" blend is introduced but never properly defined [p49]
* Buy and sell decisions are made in a way that lacks hysteresis - a series of buy and sell signals can occur batched closely together as a result
* Page 32 has an unclear example where a homeowner sells their home but the text later treats the sale as if the homeowner had given their lender their deed in lieu of foreclosure
* The appendix uses a '12 month exponential moving average' rather than a '12 month moving average'. No proper explanation is provided for what a '12 month exponential moving average' is or why it is used here
* The appendix is 40 pages of unnecessary tables. This should be trimmed down to just a few pages. Mr. Campbell can provide the full data on his website.
Enlightening and Useful!.......2003-06-11
This is an excellent book on learning the ins and outs of Real Estate Market Timing. It is informative, practical, and highly usable. Not only did it do a fantastic job of explaining the nuances of the Real Estate Boom-Bust cycle, but also more importantly it teaches you how to construct your own market charting indicators that are based on real estate "vital signs" which the author had done extensive research on. Moreover, the book also points out the common investment mistakes people make and offers plenty of explanations of early warning signs that any astute real estate investor would want to be aware of. This book is a must read for those who want to get a true feel of what the real estate market is telling you and then profit from it. Highly recommend!
I learned a lot from this book..........2003-05-14
First off, I just want to say that this is a wonderful book and has some really great concepts.
The essence of "Timing the Real Estate Market" is stated on page 6: "The Campbell Method asks you to look at the market objectively, not emotionally. It requires you to step away from your own personal beliefs, opinions and biases about what you would like the market to do, and focus instead on what the market is telling you to do."
Brilliant...this is not just great real estate investing advice...this is great investing advice...period.
Mr. Campbell went on to state (page 97): "Real estate timing is not about buying a home at what you "think" is a good time -- or what you "think" is a good price -- when the chances of the market rising higher in the very near future are only so-so. This approach is like betting on the spin of the roulette wheel. Instead, you want to use The Campbell Method to buy a home not only when prices are low, but also at a time when probability is high that home prices will appreciate almost immediately."
Then: "...once you buy a property -- whether it's a home you live in or a rental property, your entire focus must shift to the only thing that is within your control: knowing when to sell for the highest price."
Loved the book and I'm looking forward to utilizing the techniques.
Good advice, but requires work to follow.......2003-05-10
Mr. Campbell has written a clear, easy-to-read, and concise book on how to time your local real estate market so you can know when to buy or sell for the most profit. However, following the steps in his book will require that you spend some time and energy locating and tracking the 5 monthly statistics for your market which need to be tracked in order for you to tell when you are at a market peak (time to sell), or a market bottom (time to buy): Existing home sales, building permits, foreclosures, interest rates, etc. must all be tracked if you are going to follow what he calls The Campbell Method. Still, if you're serious about saving or making tens of thousands of dollars which are readily available to anyone willing to take the time, you'll do what he says.
Amazon.com
The emergence of the Internet along with the increased volatility of the financial markets have combined to fuel an explosive growth in the interest and practice of day trading. So it should surprise no one that there's a parallel explosion in the number of books about day trading. Jake Bernstein, who has been involved in the futures industry as an author and trader for some 30 years, adds The Compleat Day Trader to this cadre. It offers a solid introduction to day trading and evaluates various techniques and strategies, including moving averages, intraday application of stochastics, support and resistance, gaps, and scalping. Bernstein spends several chapters discussing trading psychology, and he sees successful traders as developing a balance between technique and "art." He writes:
My experiences as a trader have led me to the conclusion that successful day trading is built upon a unique foundation combining art and science. If pressed to "guesstimate" as to the proper mix of both qualities, I'd say that approximately 70 percent of successful day trading consists of technique or science and 30 percent skill and/or art. This, however, would be a misleading statement inasmuch as both elements are symbiotic; without one, the other would be ineffective. The successful day trader combines both elements synergistically to produce profits, consistency and longevity.
As he does in the sequel to this book, The Compleat Day Trader II, Bernstein shows an obvious preference to futures trading, but many of the techniques described should apply to other markets as well. --Harry C. Edwards
Book Description
One of the best introductions to the "art" of day trading, Jake Bernstein's best-selling The Compleat Day Trader covers everything from getting started to understanding the intricacies of market analysis to tying it all together in a winning strategy.
Customer Reviews:
To much technical stuff. Needs practical ideas.......2005-05-11
The book is good if you want to depend on technical strategies to make money day trading.
The stock market is always presenting us with trading opportunities that don't neccesarily have to do anything with technical analisys.
As a day trader your homework is all about studying and testing different market strategies that will help you take advantage of stocks and at the same time protect your investments. Just always keep in mind that a good strategy is simple and practical. Complicated technical systems will always make you slow in your decision making process or confuse you right from the start.
There are very good sites on the web where you can access practical trading strategies that are easy to implement. One of those sites is Stress Free Traders ( StressFreeTraders com)
They focus on short term day trading strategies that can help you pick and approach momentum stocks while reducing your trading risk.
All in all, day trading is all about picking the best stock opportunities and deciding when to buy and when to sell with ease and simplicity. Once you learn to master your trading decisions, you can aspire to obtain consistent profitable results.
A COMPLETE WASTE.......2003-09-16
Take my word for it and save your money, the techniques in this book simply do not work!
A professional trader writes 25 books?.......2000-10-09
Trading especially short term trading need great concentration and a full-time commitment. Professional traders write few or no book.
Mr. Bernstein's books and articles are everywhere. Sometimes I came across his publications, I scanned through a few pages to see what he had to say about trading. Mr. Bernstein makes statements which are generally safe and easy to say. For example, I read his article the other day. He tells the readers "Do your homework.", "The trend is your friend." etc. Of course, these are the common rules for traders. But what are the concrete steps to implement these rules in the real-life situation? Well, I could hardly find any. On the other hand, he stated in that article: "...I maintain that a good trader can make any system works." I found this statement unprofessional and phony. The reasons:
1. Many systems on the market are just trash and can not be used at all.
2. Good traders wouldn't pick up any system and risk their money with it. Good traders are very selective and only trade a few systems that have proven record and are suitable for their individual styles.
I found similar problems in other works by Mr. Bernstein. Should I bother to buy this book? No, thanks.
I have read books from many different writers and have more than 10 year active trading experience. So I know something.
A few tips(IMO) for choosing good books on trading:
1. Only a small percentage of books on the market are good or great.
2. Popular books are not necessary good books. If you automatically think so, you've probably fallen into "Herd mentality" thinking.
3. Trading is a bottom line business. Find books written by traders who had proven long-term(5 year or more) successful trading records. They are the ones "know how".
4. Be wary of the authors who write many trading books.
Good luck.
For hardcore day traders, and straight to the point.......2000-10-08
Most books for "day traders" are so general that their techniques and advice can be successfully used by swing-traders (those who keep stocks for several days), and even by longer-term investors. This one is different. The author, Jake Bernstein, strongly advocates real day trading, when no securities ever kept overnight. Therefore, his techniques are usable for very short term trading only.
The advantage of this book is that it has very little general rhetoric and comes straight to the point, that is to the techniques which the author finds profitable. Basically, 90% of the book is about the use of technical indicators (such as various moving averages and oscillators) to determine potentially profitable entry and exit points. The topics discussed in particular detailed manner are the use of moving averages, stochastic indicator, moving average channel (MAC), relative strength index (RSI), momentum, and techniques for trading of opening gaps. The author also suggests several oscillators of his own. However, despite the simplicity of these indicators, one has to own software such as Omega Research Trade Station to calculate and plot these home-made oscillators in real time, or write a program yourself. There are also several chapters applicable to futures only (actually, the whole book is about trading in the futures market, but 95% of techniques are equally applicable to stocks).
The great advantage of the book is that it is very specific, clearly illustrated, and gives plenty of detailed technical advice and a number of potentially profitable trading techniques. Be advised, however, that those who are interested in trading but do not have enough capital to take profits from half-a-tick changes (and I, too, belong to this group) cannot really take advantage of this book. No trend and no trade longer than a few hours is discussed there! Therefore, this book is for the serious day traders, and only for them. If you are a day trader, this book is a must; if you are not, do not bother buying it but rather consider other options, e.g., the excellent book "How to get started in electronic day trading" by D.S.Nassar which is good for traders on any time frame.
Very informative & and packed with helpful information.......2000-08-14
One of the most difficult things involving the markets, regardless of what you trade is timing.With this book, Jake not only gives you suggestions for timing indicators, but he also gives you some strategies to follow and shows real time examples which are clear and very detailed. In this book, Jake share his extensive knowledge about systems, strategies, technical indicators, and trading systems. I have purchased many trading books and this one is CRITICAL for your success as a trader. One more point that I wish for potential traders to consider is the source. Jake Bernstein has been involved in commodities and futures trading for 25 years. He brings real trading experience to the table. He does not promise you guaranteed results are a "pot of gold" under the rainbow. What he does give you is the information that you will need to be successful, REGARDLESS of the time frame you are trading. Also, he is available for you. I recently e-mailed him with a question from the book and I received a detailed explanation from him the very next day! I challenge you to find any author who will do that! Good luck and good trading!
Book Description
How to buy low and sell high in real estate
Yes, timing is everything. In the real estate market, that means buying in markets that are ready to take off and cashing out before prices crash. In Timing the Real Estate Market, millionaire real estate entrepreneur Craig Hall reveals to America's 17 million real estate investors his secrets for maximizing profits, by knowing when to buy, when to sell, and what to do in between.
Following Hall's savvy advice, real estate investors will learn:
- The seven major trends affecting real estate prices
- How to predict when real estate prices are poised to increase
- How to capture maximum profits by knowing when to sell
- How to add value to a property while waiting for the real estate market to pick up
- How to survive during a downturn--until the next market upswing
Download Description
How to buy low and sell high in real estate
Yes, timing is everything. In the real estate market, that means buying in markets that are ready to take off and cashing out before prices crash. In Timing the Real Estate Market, millionaire real estate entrepreneur Craig Hall reveals to Americas 17 million real estate investors his secrets for maximizing profits, by knowing when to buy, when to sell, and what to do in between.
Following Hall's savvy advice, real estate investors will learn:
- The seven major trends affecting real estate prices
- How to predict when real estate prices are poised to increase
- How to capture maximum profits by knowing when to sell
- How to add value to a property while waiting for the real estate market to pick up
- How to survive during a downturn--until the next market upswing
'
Customer Reviews:
A good introduction to a fairly complex topic.......2007-01-09
Most real estate books talk about how to effectively purchase and/or manage properties, discussing cash flow, financing and tax benefits. And that's important, because that's the primary way to control your investment. But the author's belief is that usually, the biggest driver of total return is the one thing you have the least control over, market appreciation. So, if you can't control it, you must learn to read the market and time your moves accordingly. That's where this book comes in.
The author actually goes so far as to state that investing for cash flow is a myth of the industry. Whether you agree or not is not worth debating because it completely depends on your situation and goals. If you read the book you'll see that he clearly works with commercial properties and large developments, which is probably not what most readers are dealing with. So, clearly he has a different perspective on the industry. But let's just get past that and focus on market timing, shall we?
I appreciate that the author admits that he has been both lucky and unlucky in market timing. Some reviewers seem to mistake the author's frank tone with a dependence on luck. I think he's just drilling in the point that every investor needs to understand that risk and reward are unavoidably connected and even the best due diligence will not pay off every time. Like it or not, luck is always involved. But if you do your homework, you'll find that luck is on your side more often.
Key ideas discussed: National trends of inflation, interest rates, and "flow of funds"; Local trends of job growth, migration, path of progress, and new construction; How all these trends interact and balance each other; Contrarian strategy ("buy when there's blood in the streets" and "sell when everyone wants to buy"); Momentum strategy ("buy when prices are going up" and "sell before prices start to go down"); His thoughts on the current market (written in 2003).
I mostly gave this book four stars because it gets a little redundant at times. Sometimes, there is more storytelling to the examples than needed to make the point. And Chapter 6 takes ~25 pages to go through each of the seven market trends for each of six property types when most of the seven trends affect the six types in very similar ways. Rather than restate it six times, he could've taken half the time and just focused on how the six property types are affected differently or uniquely, rather than restate how every trend affects every property type. Also, Chapters 8, 11, and 14 were quick summaries of the basics of buying, holding, and selling to make sure everyone is on the same page. I almost skipped these 50+ pages, but he did mix in a few good nuggets that gave me a different perspective, so I'm glad I didn't. But I think the subtleties of market timing would've already been lost on anyone that needed such a rehash.
Overall, I was fairly pleased with this book. I'm sure everyone has their guesses and assumptions about how to read the market, and this book put mine into a solid context. For such a potentially math-heavy topic, this book is surpirsingly non-technical. That did disappoint my geeky side a little, but on the flip side, it's an easy read.
Forget location, location, location. It's all about timing........2006-07-11
After reading Craig Hall's excellent book, the most important thing that I learned is this ...
You can be a market contrarian - and try to buy real estate at the absolute low point in the market cycle - or you can be a momentum investor - and buy after prices have started to rise off the depressed market bottom.
This is excellent strategic thinking. There is no better, safer, and more profitable way to buy any investment asset than to buy into a market where blood is deep in the street.
Good book. I recommend it.
Robert Campbell
Author of "Timing the Real Estate Market"
Only for complete novices, and to instill reality into people.......2006-06-16
I purchased this book, along with a batch of others, realizing that real estate might make up a significant portion of my asset allocation strategy in the near- and long-term future. Having lately purchased real estate with full knowledge that I had made a gamble vs. making a wise decision, my goal was to objectively broaden my personal knowledge of real estate for more stategic ways to handle future transactions.
What I didn't do was conduct research beyond the user reviews given for the books on Amazon.com. Therefore, I based my purchasing decisions only on the Amazon.com reviews.
Additionally, (and, perhaps, luckily) I had no experience with the lofty world of "get-rich-quick-real-estate gurus." Word is that Mr. Hall was merely "lucky" in becoming rich; quite frankly, the vast majority of the book's content is Mr. Hall giving his own personal anecdotes of, really, just chalking it up to luck and circumstance. Had I known this earlier, I would've been a bit more suspicious of the value of material behind the book's title.
With these stated assumptions, my decision to purchase this book was based on the "anecdotal" reviews (a grand total of "5"), all who gave 5 stars, to this book, with this next yet most important assumption: that, once I finish this book, I will add to my investment toolbox a vast array of specific formulas, equations, charts, and patterns, historically and scientifically proven-- to the equivalent of being able to plug them into Excel, and help computationally determine what my next moves should be.
I mean, with a title of this book, it's a safe assumption, yes?
Unfortunately, all I found was a regurgitation of high-level economic summarizations that, quite frankly, were nothing more than a reminder list of intellectual common sense.
In plain English, what was described in the book is common sense to anyone who's a savvy, sensible investor of any type.
Really, the book can be easily summarized into the following: gauge your real estate purchase according to inflation (largely a non-issue), interest rates, inflow of cash into real estate investments, job growth, migration, community redevelopment, and construction. Oh yeah, and value appreciation and depreciation are always cyclical, and always throw in a dab of luck.
Who this book is *really good for*:
1) Those who believe that values in white-hot areas won't decrease at all, and who need a little sobering; and
2) Complete real estate novices.
Timing the Real Estate Market.......2004-05-20
Nobody... absolutely nobody knows more about real estate than Craig Hall. He's not only observed, but been an active participant in both the up and down cycles. He's learned the lessons with sweat equity.
-David Johnson, KRLD
Timing the Real Estate Market.......2004-05-20
Even after many years in the business, I found Craig Hall's book Timing the Real Estate Market to be full of useful and valuable industry insight. Obviously real estate, as well as other investment vehicles, is all about timing: evaluating local trends and identifying the stages of each cycle. Anyone, from the most experienced to the novice, can refresh and learn more about the unique real estate trading arena. Craig Hall's years of experience have paid off, and the advice and real life examples from both his successes and challenges can be helpful to anyone seeking knowledge on real estate timing.
Book Description
The first definitive guide to understanding and profiting from the relationship between the stock market and interest rates
It's well established that interest rates significantly impact the stock market. This is the first book that definitively explores the interest rate/stock market relationship and describes a specific system for profiting from the relationship. Timing the Market provides an historically proven system, rooted in fundamental economics, that allows investors and traders to forecast the stock market using data from the interest rate markets-together with supporting market sentiment and cultural indicators-to pinpoint and profit from major turns in the stock market.
Deborah Weir (Greenwich, CT) is President of Wealth Strategies, a firm that does marketing for traditional money managers and hedge funds. She is a Chartered Financial Analyst and is the first woman president of the Stamford CFA Society.
Customer Reviews:
POS! Danger -- Don't make the same mistake I made!!.......2007-08-03
I bought this book awhile ago. Studied it. It all sounded so good. And then I tried to recreate the buy/sell signal data.... If you already own the book and are using it to make investment decisions, be sure to try this exercise and answer the question at the end.
Go to Appendix 2.1 on page 333. Let's dig into the sell signal on "2000-08-01" as an example. First of all, as Weir explains in her book on page 15-16, the Treasury data is a monthly average. The Three-Month Bill entry is 6.09. That is an average of the 3-month yields from 8/1/2000 to 8/31/2000 (using the daily rates from H.15 3-month Treasury Bill secondary market rate data). Since that is an average, it is known on 8/31/2000 at the earliest. The same is true for the Ten-Year note and therefore the yield spread. Other than the misleading date name in the table (2000-08-01), so far so good.
Now we have a signal to Sell on 8/31/2000, right? The S&P 500 Index for 8/31/2000 is 1517.68. (Yahoo's daily historical Prices for S&P 500 INDEX,RTH (^GSPC)). The "2000-08-01" entry in the book shows 1430 which is what the S&P 500 Index was for 7/31/2000, a month earlier. The same is true for all the entries in appendix 2.1.
So the question is: how is it that you can buy and sell an index based on signals you won't know until a month later?
What a scam!!
Great Investment Informtion On Interet Rate Cycles.......2007-06-26
I'm on my second reading and taking notes. This is the book you want if your interested in which market to be invested in and when. Inside information about the way fund managers think and act. Knowing when to be in stocks, bonds or gold is the most important information one can have when putting your money on the line....Deborah Weir's book,Timing the Market: How To Profit in the Stock Market Using the Yield Curve, Technical Analysis, and Cultural Indicators, does just that. My advice after being in the financial markets for over 45 years is...don't invest without this knowledge.
An overall disappointing effort.......2006-12-29
I approached this book with an inclination to like it. I'm a firm believer in market timing, and I jumped at the chance to learn some new ideas about using the fixed-income markets to time the stock market. I have to say, though, that I came away from Timing the Market frustrated and disappointed. Here's why.
Throughout the book, there is a chart detailing various buys and sells that one supposedly could have made using the author's timing system. However, rather than deriving these buy and sell points systematically, the author seems to arbitrarily choose buy and sell points that would have worked best in retrospect--regardless of whether they fit into a coherent, replicable system or not.
For example, in chapter 7 the author adds buy points to her chart right after the waterfall declines in October 1987, September 1998 and September 2001. What is the rule that guides these choices? Apparently, it is that the Fed lowered the fed funds rate at least one-half of one percent after a crash of some kind. This rule is apparently a sufficient but not a necessary condition of buying because numerous other buy points on her chart don't involve this rule at all. So IF you hadn't already committed funds because of other rules, you MIGHT have been able to buy then.
Later in the book, on the basis of a breadth-based rule about the Dow 30, the author erases the September 2001 buy signal and records a buy signal for her system on July 19, 2002, near the ultimate bottom of the bear market. This is based on the fact that all 30 Dow Jones Industrial Average stocks declined on the same day. I see IN RETROSPECT why she did this, but how would you have known in September 2001 to wait for the later buy signal? The author does not address these kinds of questions at all, as far as I can tell. As I said, frustrating and disappointing.
There may be value in Ms. Weir's concepts, but she has far to go if her aim is to develop a rigorous market timing system, in my opinion.
EXCELLENT !!! THE BEST INVESTING BOOK I EVER READ........2006-12-13
THIS BOOK IS GREAT ! NOT ONLY TELLS YOU WHY BUT ALSO GIVE THE FACTS AND SHOW TO YOU HOW YOU CAN READ THE MARKET AS THE PROFESSIONAL MONEY MANAGERS DO IT ALL THE TIME. YOU ALWAYS WANT TO BE IN THE RIGHT SIDE OF THE MARKET, THIS BOOK TEACHED ME HOW TO DO IT. THANK YOU DEBORAH !!!
Lcsmith.......2006-07-13
This one's so interesting it's a bit scary goes to show you how much study has been done to control the heard, charts on death rates and the economy, birth rates, divorces on and on even how we like women to look during good times and bad.Nothing here on short term trading but the guys your trading against know what color your toothbrush is.And they do want your your childs college money just in case you don't really realize that yet.To be honest I haven't finished this yet but I did skim through it It's a long read ....Good book for presidential cycle holds.Debra is simply amazing what she must know
Product Description
In Unlocking Wealth - (278 pages), John Crane, a veteran trader and cofounder of Traders Network, discusses his work with the Action/Reaction trading theory, and illustrates a whole new way of using time, price, and patterns to predict, identify, and trade future market swings. Chapter by informative chapter, you ll be introduced to the concepts that encompass this proven method, including: Market Behavior, Reaction swings, Swing trading reaction swings, The Reaction cycle, Action and reaction lines, Entering and exiting trades, Reversal dates, Long-term versus short-term trends, And much more! Filled with practical advice from a seasoned veteran, real-world examples, and informative charts and graphs, Unlocking Wealth provides a comprehensive look at the art of swing trading. This valuable book offers clear, step-by-step guidance that will allow you to apply the swing trading methodology to any portfolio and improve your bottom line.
Customer Reviews:
Promises much -- and delivers!.......2007-02-12
This book explains, in great detail, how to use market symmetry to forecast time and price objectives on market swings. The author bases his time calculations upon measurements beginning at the formation of a reaction swing, and shows how the results of these calculations can be projected forward in time to indicate the likely extent of the ensuing price swing. While the author's previous book tended to be somewhat inconsistent in its calculations, the methodology in this book is both consistent and precise. I had no difficulty in following the presentation of the material or in confirming the counts on the accompanying charts.
The author derives price targets by employment of an "Andrews' Pitchfork" drawn in a specified manner. While these price projections are not quite as accurate as the time projections, the variance of acutal to forecast price indicates much about the underlying strength of the immediate price trend. Both time and price calculations are very useful and are reasonably accurate. I have now incorporated this material into my trading routine.
The book offers a really complete course on trading. It describes trend reversal and continuation constructs (in multiple timeframes) -- how to use them for optimal entry, the need for a protective stop, how/when/where to exit, and what to do if larger market forces override current projections. It also describes a method of trading with options -- a covered write based upon the concept of delta -- which is profitable if the underlying issue moves a minimum distance in either direction in an active market.
This book is unique. I am not aware of any other work which describes how to use time and price in an overall trading system as practically or precisely as is presented. The methods offered can be used as the basis of a stand-alone trading system, or as additional working tools for one's own system. This material has added a new dimension to how I view the trading markets.
Books:
- Timing the Trade: How Price and Volume Move Markets! [ILLUSTRATED]
- Unconventional Success: A Fundamental Approach to Personal Investment
- Understanding the Process of Economic Change (Princeton Economic History of the Western World)
- Valuation: Measuring and Managing the Value of Companies, Fourth Edition
- Valuing Intangible Assets
- Who Says Elephants Can't Dance?: Leading a Great Enterprise through Dramatic Change
- Winter of the Ice Wizard (Magic Tree House 32)
- Women & Money: Owning the Power to Control Your Destiny
- Writer's Market 2007 (Writer's Market)
- 40 Weeks +: The Essential Pregnancy Organizer
Books Index
Books Home
Recommended Books
- Making the Voyageur World: Travelers and Traders in the North American Fur Trade
- Green This! Volume 1: Greening Your Cleaning
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- Dutch Uncle
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- Bungalow Basics: Porches
- Diagnosis Murder #2: The Death Merchant
![Timing the Trade: How Price and Volume Move Markets! [ILLUSTRATED]](http://ec1.images-amazon.com/images/I/21W7AGYM6VL.jpg)
General
| Business & Investing
| Subjects
| Books
The Trader's Guide to Equity Spreads
Mastering the Trade (McGraw-Hill Trader's Edge)
Master Traders: Strategies for Superior Returns from Todays Top Traders (Wiley Trading)
Timing the Market: How To Profit in the Stock Market Using the Yield Curve, Technical Analysis, and Cultural Indicators
Entries & Exits: Visits to 16 Trading Rooms (Wiley Trading)
