Strategic Stock Trading: Master Personal Finance Using Wallstreetwindow Stock Investing Strategies With Stock Market Technical Analysis Reviews
Strategic Stock Trading: Master Personal Finance Using Wallstreetwindow Stock Investing Strategies With Stock Market Technical Analysis
Many say few know more about stock trading than Michael Swanson, who ran a top ranked hedge fund for four years and has built up a huge audience of readers on his website WallStreetWindow.com thanks to the accuracy of his market calls and investment acumen, including making over 50% in 2008 in one of the worst years for the stock market ever. His book Strategic Stock Trading demystifies the stock market by explaining what truly makes the stock market and individual stocks move the way they do and shows you how you can take advantage of it. The book explains the principles required for you to become an elite trader in the stock market, including what and when to buy and sell using the Two Fold Formula, how to manage risk, and how to be able to foresee real changes in the overall trend of the market before the crowd does. There are many investment books that describe aspects of technical and fundamental analysis. This one puts them together and shows you have to really use them in a strategic way backed by real life experiences and examples. It also discusses the psychology of investors in the market and how hedge funds and institutional investors now influence the stock market more than ever before and what the individual investor must do in this type of market to succeed.
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Why Not To Buy This Book,
There are a lot of reasons why not to purchase this book. The short and simple is that it completely lacks credibility, it is poorly written, it is a sales pitch for further services from the author’s website, and there are much better books available from credible authors and free and widely-used websites.
I am not going to say that I have read 50+ books on trading or some junk like that, but I have read roughly ten books on investments, stock trading, and insurance. I read IBD and on occasion the Wall Street Journal. I also have my doctorate, so I have been trained to properly site and research from credible sources. There are many red flags throughout this book that signal the author is not credible. The book is written in an unprofessional tone. He writes in the first person and continuously praises himself for making good stock picks and caring about his readers. After awhile it becomes obvious that the author is conceited and probably lying. The author gives some advise on how to properly evaluate stocks using the principles of fundamental and technical analysis, but he does not go into detail. Instead he spends the bulk of the book telling past stories about his successful investing career. Another red flag in this book is that the author is trying to sell more services via his website. The book reads like a huge sales pitch and ends with the author selling services to his email list. Think about it for a minute. If you had the ability to predict the stock market you would not waste time selling a cheap email list to others promoting which stocks to buy. Instead you would be purchasing stocks and making money. For example, many of the most successful investors of all time, such as Warren Buffett and Peter Lynch do not send out emails to paying customers promoting which stocks to buy, instead they made hundreds of millions, or in the case of Mr. Buffett, billions in the stock market.
This publication lacks a credible publisher. I looked all over the book for a publisher and couldn’t find it printed anywhere. On amazon the publisher is listed as “CreateSpace.” It appears to me that the author is paying for this book to be published or he has teamed up with a small, and not credible publishing house to publish this book.
Lastly, I must say that I cannot find any credible information regarding this author on the internet. His exploits are obviously detailed on his website and in his book, but I can’t find any credible websites that list his previous performance or analyst opinion. If you want to read credible books about investing I recommend you read books written by tried and true masters of the stock market that you can find information about all over the net such as Benjamin Graham, Peter Lynch, John Bogle, William O’Niel, or Warren Buffett’s annual letter, which you can find on his website for free. If you’re looking for a book that will give you the tools to understand stock analysis, such as technical and fundamental analysis, then I recommend any of the Dummies guides to investing, trading, and insurance. I personally really like “The Boglehead Guide To Investing” by Taylor Larimore, “The Neatest Little Guide To Stock Market Investing” by Jason Kelly, and also William O’Niel’s “How To Make Money In The Stock Market.” For those of you who don’t know Mr. O’Niel he is the founder of Investor’s Business Daily. Those books all have credible publishers you may have heard of before, such as McGraw Hill and Wiley. You should also check out [...]. It has a wealth of information and best of all it’s free and not selling anything! To stay up to date with current stocks I’d use Yahoo Finance and StockCarts.com. Both are free for most of their services.
I realize some of my review goes beyond the scope of simply reviewing this book, but I feel that this book is so bad that I wanted to offer some better alternates to any new investors who stumble across my review. If you want to see how scam-like this product is just check out the author’s website, [...]. It is a complete sales pitch for his book and email newsletter. This kind of garbage makes me sickly angry. I don’t know how I could prove it, but I’m nearly certain that most of the reviews on this book must be fake or written by people who have honestly no idea what information for investors is available.
Good Luck in all your future investments.
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|Good, but not four or five stars,
I would imagine that if you have not read any serious books on investing or trading, and have traded in and out of stocks based on newsletters, then this book might be great for you. The author shares a few charts and stories and ends the book by telling you about his website and subscription newsletter. It does offer some useful paradigms for looking at equity markets from a long term point of view (years) and analyzing different stages of advances and declines. He also offers a clear chart evaluation method for stocks he believes have the largest reward to risk profiles (Approximately doubles in price, volume dries up in a short squeeze, and stock explodes upward again). I gave it three stars due to the fact that as someone who has read 50+ books on investing and trading it did not share anything that really got me excited. However, it might be useful for beginners and does not cost too much. I do value the fact the author’s website doesn’t push stocks and he is very clear that he only recommends stocks when he sees opportunity, rather than providing continued selections to people who just want to invest for excitement. Overall I will look to see if 1) the paradigm the author offers on basing, advancing, and declines seems to be useful in trading and 2) if the specific chart pattern he likes for a good risk/reward ratio seems to be useful – if they are then the book is worth a quick read. The book discuses trading and holding core positions through bull moves, it does not discuss long term wealth management, and could do a much better job of discussing and emphasizing risk management and where to place stops in trades you have entered. The book does provide some good chart examples and anecdotal evidence, but does not provide a lot of data or figures to back up his interpretation of market movements (again, maybe this is better for new investors). If you are an experienced trader you can read this book in an hour or less.
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|Nothing but a Sales Pitch,
I don’t normally review books. If a book is great, reviews reflect the quality of the book. NOT this book. Most of the reviewers have only one review. Author is trying to pitch his subscribing service by saying when he told his subscribers to get out of market and when to get in. He uses 200 DMA to get in and get out of market. He asks you to buy stock at strong sector. That’s ALL.
If you are totally new to stock trading, you will learn a very little information about stock trading. He did not tell you any valuable trading strategy. Only good thing is that it is very thin and it doesn’t waste a lot of your time. You can even read it in one day.
There are a lot of great books out there.
Similar but better – The How to Make Money in Stocks Complete Investing System: Your Ultimate Guide to Winning in Good Times and Bad by Williams J. O’Neil,
Then Trade Like an O’Neil Disciple: How We Made 18,000% in the Stock Market (Wiley Trading) by Gil Morales, Technical Analysis Explained : The Successful Investor’s Guide to Spotting Investment Trends and Turning Points Martin J. Pring, The Universal Principles of Successful Trading: Essential Knowledge for All Traders in All Markets (Topics in Community Health) By Brent Penfold, Way of the Turtle: The Secret Methods that Turned Ordinary People into Legendary Traders by Curtis M. Faith, Alan S. Farley’s books, Dr. Alexander Elder’s books, Jack D. Schwager’s books, Dr. Thomas K. Carr’s books, Van K. Tharp’s books
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