No time to day trade? Intermediate-term and long-term trading not enough? Then, swing trading is for you. Now, David Landry, Director of Trading Research for TradingMarkets has put his entire swing trading methodology into one book to teach you how to trade successfully, every day.
Dave Landry on Swing Trading takes you from his daily routine to the exact methods David Landry uses day-in and day-out in his own analysis and trading. More than a dozen momentum-based strategies that pinpoint opportunities based on pullbacks and capitalize on false market moves. He also teaches you how to use volatility to select the right stocks and low risk/high reward set-ups. This is a complete manual on swing trading which includes everything the beginner and intermediate trader needs to get started trading quickly.
The following sections are included in his book to help you improve your trading results:
Trend Qualifiers - Determining which stocks are moving with the general market trend is the first step. Learn how to precisely identify strongly trending stocks.
Stock Selection - Making sure that the stocks you have picked exhibit the highest potential to move in your favor is key. David Landry will show you how narrow down your universe to pick the right stocks to trade.
Swing Trading Strategies - Once you have your universe of stocks to trade, you can determine which stocks exhibit the highest potential to trigger for a promising move using chart patterns. More than a dozen swing trading strategies presented in an easy-to-read, easy-to-understand format. He provides you with the specific rules for entry and exit so you can start identifying the best trading opportunities immediately.
Trading Master Section - To ensure that you understand as much of Dave Landry's methodology as possible, he has included for you dozens of trading examples to help you understand exactly how he trades his strategies and how he reads the market with uncanny accuracy.
Stock Market Timing - Now that you have great set-ups, how do you decide which ones have the best chance for follow through? Learn how to use a number of stock market timing techniques to hedge your trades by trading with the probable direction of the market.
Money Management - The real holy grail of trading is not contained in a pattern or an oscillator, it is found in your ability to limit losses and maximize gains. An often-neglected yet crucial element of trading is examined by Dave Landry in-depth as he helps you tailor the best stop methodology for your trading style.
Trader's Psychology - You have the tools and the right strategies, but do you have the discipline to succeed with the wealth of trading knowledge you have just learned? Finish off your swing trading education with Dave's thoughts on the winning trading methodology.
the best trading book out there...a real money maker May 5, 2007 1 out of 2 found this review helpful
I have read hundreds of books on trading ...and this actually works..
A good primer on swing trading for anyone looking to start December 9, 2006 2 out of 2 found this review helpful
Dave Landry provides ideas that are easy to find in the stock market. They make sense, and over the past year have generated profits when entry opportunities have been present. A good book by an author who answers emails and clears up any questions.
Good General Primer...but written for the "monkey and dartboard 1990s" September 30, 2006 1 out of 1 found this review helpful
Mr. Landry's concepts are good to study at least as a first-time traders' primer. One must realize, however, that the book was written (and strategies tested) in a time when pullbacks could be measured in three days and a "monkey with a dartboard" could pick a NASDAQ stock chart and pull down 20 points profit after each breakout (that is, the stock bubble late 1990s). These techniques work best with growth stocks of that era, but are somewhat limited in volatile and sideways markets that we are experiencing currently.
Regardless of this limitation, the basic techniques are presented in a concise and simple-to-understand manner. One thing Mr. Landry gets right in this book is that the simplest trading methods really do work the best, and that documenting one's mistakes and successes in a journal is perhaps the quickest way to gain mastery in trading.
Buy it used or borrow it (as it is not the be-all-and-end-all trading reference), but give it a look if you are new to trading. Just don't dump good retail money into it.
Methods, methods, methods. May 6, 2006 0 out of 1 found this review helpful
Dave Landry wrote a 200 pages book on strategies. A good read on price bar and how read the market using ADX, volatility, and his bowtie method. Couple of gems in the book, and alot of examples. His methods are varient of the same thing, thus, reading between middle to the end of the book was quite bored. Three stars for beating the dead horse.
A Must Have Book on Swing Trading December 3, 2005 3 out of 3 found this review helpful
Since I started Dave Landry's trading method's back in June of 2005 and bought his two books, my trading skills and techniques have been greatly improved. As time progresses, my skills get better and better. It becomes more natural to pick out the winning stock charts. Dave's methods are not rocket science, and ego's need not apply for this book. It takes some humility to realize that it can be just pure chart reading and skills that bring home the bacon and winnings. Complicated methods, indicators, zig to the zag patterns, and hyped-up trading gimmick make things too complicated, yet this book gives clear insight to make the grade in the trading paradigm. With patients and sticking to this books methods, you will improve your trading performance. Guaranteed.
With that said, this book is for all type of traders. If you're long-term trader, the techniques presented in the book can help give you a better eye for stocks and help with better entry points and give your psyche a boost. Short-term traders, duh!. Same thing. Dave lays out step by step, what you need to do. Starting from the basics, he guides you through finding the right stock, where to buy, where to sell, and money management. Also, the psychology section is one of the best parts for me. It will make you laugh and cry, when it comes to the trading world. I highly recommend this book. If you read it, be patient. Re-read as many times as it takes.
P.S. Pick up Dave Landry's second book, also. It has some great new concepts and patterns.
