Terrible Waste of Money! May 28, 2006 16 out of 18 found this review helpful
I bought this book because of the rave reviews it received here, so I am writing this to let others know they should not be deceived as I was. If this book cost $10 I MIGHT say it was worth the money, but essentially it was 170 pages of large print and screen shots, all illustrating examples of one strategy (not 10), which can be boiled down to: 1) Trade with the trend. 2) Enter following a pullback after resumption of the trend.
Dave Landry - Great Teacher December 28, 2005 7 out of 7 found this review helpful
This is a great book for anyone who wants to fine tune swing trading techniques. Dave Landry is a great teacher. To learn from him is learning from one who is in the business.
It is true that there is a LOT of information in the book and it will take a person a while to learn the information. However, Dave Landry is kind enough to provide on-going support through his weekly videos and newsletter archives which is available for free. All you have to do is go to: www.tradingmarkets.com/.site and view his archives.
Even Dave Landry will tell you that NO STRATEGY works all the time. Nevertheless, his methods make a living for him and he is a great teacher. His approach works when the market cooperates and this is not a book filled with hype. The methods presented work well when the market condition is favorable for momentum trading. Every serious Swing Trader should own Dave Landry's book.
Good to a point December 13, 2005 9 out of 12 found this review helpful
Landry's book is as good as most books and methods you will find. Only weak point I find is the fact that not enough emphasis is placed on cutting your losses short and let your profits run. And this is the only secret that works. No system or method can predict what a stock will do after you have bought it. What happens if the CEO and the CFO of the company meet an untimely death at the hands of the CEO's wife who finds out that those to were having an affair? How would a system predict that? Only thing you can do is to cut your losses short.
While you are at it, ask yourself another question. If all these pundits know how to trade and make money in stock market, why are they selling books and giving seminars to teach you how to make money? Why aren't they busy trading day and night and making huge amounts of money everyday (and every night using foreign markets)? May be because writing books, selling books and selling seminars are more sure and less risky ways to make a living?
So if you must trade in the stock markets, learn a few things so you can trade (for better or for worse) and not be paralysed with inaction. As far as that goes, this book is no better or worst than most other zillion books of methods and systems of trading. But never forget that the less you lose, more you will retain to lose later!
Great Insight at a Nice Price August 28, 2005 6 out of 6 found this review helpful
This handy primer contains little fluff and a lot of insight. It's straight forward and easy to understand. Nothing too esoteric here, but plenty of substance. Read it a bunch of times and memorize those patterns from the guy who invented trading the pullback! Landry's ideas work. Highly recommended.
A Common Sense Approach To Trading June 16, 2005 8 out of 8 found this review helpful
I bought this book a few weeks back. It took only a few days to get the concepts presented. Dave has a "no non-sense" approach to trading that everyone should consider putting in their arsenal of trading tactics. If you are a trend trader/swing trader/day trader/short and even long term trader(could find better entries with this book), you should consider applying some of the great strategies and principles in this book. Dave doesn't make things complicated, and yet the principles are very profound and simple. The book is not very long, but I don't see this as negative, really. It's nice not being over powered with so much information to process. I recommend this book for those looking for something different than the main stream trading books, to pick up some strategies.
