Archive for the 'Book Review' Category

Weekend Reading 3/10/12

Published on March 10, 2012, 8:31 am in Book Review and reading. Closed Tags: .

The head of Regal Entertainment says as the recession gets worse, more people are coming to the movies…. Because nothing helps you forget your troubles like a $5 Sprite.

The Bull Market Turns Three. Where’s the Party? And if you missed it, You’re Not Alone.

Wow, I didn’t hear this number. . . One Measure Puts February Job Creation at 879,000

Good News! The Unemployment Rate Didn’t Change!

Watch it, you bad high-frequency traders! US bourses to fine HFT data-cloggers.

Will we get the Greece off our hands? ISDA declares Greek credit event, CDS payments triggered.

Powerful stuff! How to be Creative and Imagine: How Creativity Works …can’t wait to read the book! Should be seeing it on my Kindle next week.

“anyone can innovate—-and why a hot shower, a cold beer or a trip to your colleague’s desk might be the key to your next big idea.”

Freebie from a guest

Published on March 6, 2012, 1:35 pm in Book Review, Charts and Tools. Closed Tags: .

First of all I want to thank you for having me as a guest today!

There are plenty of people out there that create “exclusive email courses” with little or no credentials to actually backup their teachings. So, I think it’s right that I share a little bit about myself with you before we even start.

I was a former floor trader on the IMM, IOM, NYFE and LIFFE as well as a risk manager of a large, multinational corporation in Geneva, Switzerland. I also have written books on forex trading and trend following. In 1995, I founded INO.com and later co-founded MarketClub. I’ve been in the trading biz for over three Free Email Coursedecades and have seen it all. I created this course as a way to give back and share trading tips and techniques that I still use in my trading today.

Email Trading Course

In my Free Mini Email Course, I will show and explain the tools and strategies you need to increase your success rate in the marketplace.

  1. The importance of psychology in price movement
  2. How to spot mega trends
  3. Understanding of technical price objectives
  4. How to picture price objectives
  5. How to trade with moving averages
  6. How to use point and figure trading techniques
  7. How to use the RSI indicator
  8. How to correctly use stochastics in your trading
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  10. How to capitalize on natural market cycles.

Plus, you will learn all about fibonacci retracements, MACD, Bollinger Bands and much more.

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Every success,
Adam Hewison
President, INO.com & Co-Creator, MarketClub

American Sucker

Published on May 8, 2010, 9:47 pm in Book Review. Closed Tags: .

I took it easy today and read the book American Sucker by David Denby….a story of a man in a mid-life crisis looking for redemption and riches by trading tech stocks about the time the tech bubble was bursting. The author is a writer and movie critic with the New Yorker magazine so you’ll see many references to movies and other journalists and books throughout the book.

The book doesn’t show up in any stock-related book lists I think because he failed as a trader. But I think his emotions and actions are very typical of many new traders that just jump in.

If you were trading in the tech bubble of the late ’90s and early 2000′s, as I was, this book will bring back a lot of memories. The author explains many of his motivations, actions and results of his life, including trading, his mistakes, losses and ever-present hope of making money…that never came.

His emotions and reasons reflect the actions of traders then and now….things like greed, listening to other’s tips and recommendations, and rationalizing news and data to fit his wants. He talks about ImClone’s Sam Waksal, Merrill Lynch’s Henry Blodget, Dennis Kozlowski and Martha Stewart. The books ends pretty much with the demise of Waksal and Blodget and other tech bubble scandals.

You won’t find any info on technical or fundamental analysis, economic or financial theories, nor any trading strategies. It is an entertaining book, although you feel sorry for a person losing so much, both fiscally and emotionally. But you may find yourself walking in the author’s shoes, especially if you too think that trading stocks is a get-rich quick way to life. As Debny said,

“I wanted to be wealthy…. I didn’t make it.”