If you like the review, and you are going to purchase the books, click on
the "Buy it now!" button. I get credit for sending Amazon customers.
So far, I've been able to purchase a few more books. I don't
think I'm going to get rich doing this, but every little bit helps!
Thanks for all your support.

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The 2,000 Percent Solution : Free Your Organization
from 'Stalled' Thinking to Achieve Exponential Success
by Donald Mitchell, Carol Coles, Robert Metz
I missed the boat when I selected this book, but it was a nice trip. I'll
write up a review in a few weeks...
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Applied Statistics Using The Computer
by Ronald S. King and Bryant Julstrom
I wanted to add a linear regression line to the software application
that I have been working on. I visited the bookstores, but most
of the books were around $60 to $80, and the discussion of the linear
regression was poor at best. So I never purchase one of those
high dollar books. One day, while at the used bookstore, I found
this books for $4! Unlike those $80.00 books, this book has an
excellent discussion (an entire chapter) devoted to the topic of linear
regression. The book was written in 1982, and it shows! Dot
matrix computer listings; even the cover is dated...
It's probably a good idea to browse the used bookstore on a regular basis.
When I checked-out the "Buy it now!" link, I found a used copy at
amazon.com for $15.00. In the technical analysis section of my web
site, I've got a good dicussion on linear regression. Check it out
before you buy this book.
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Beyond Candlesticks: New Japanese Charting Techniques Revealed
by Steve Nison
Known as "The Father of Candelsticks," Nison introduces three new charting
techniques from Japan. His charts and graphs, like before, take
you through each of these new techniques, one step at a time.
This is a great book. Out of the two Nison books, that I have read, this
is the winner! The books begins with a detailed discussion of candlestick
charting and how it represents the market forces and trends. There is a
chapter devoted to the use of moving averages. The three new charting
methods introduced in this book are the: Three-line Break charts, Renko charts,
and Kagi charts. These techniques are discussed using interday data, but
I have found them to be valuable when applied to intraday data for day trading.
Like the first book, Japanese Candlestick Charting Techniques, the
presentation is easy to understand, and a real joy to read.
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The Compleat Day Trader : Trading Systems, Strategies, Timing
Indicators, and Analytical Methods
by Jake Bernstein and Jacob I. Bernstein
The first time I read this book I was not too happy. I shelved the book
for well over a year. If you are on a quest for knowledge to learn about
day trading equities I do not recommend this book. Lately the equities
day trader has been getting a lot of press. I too assumed that day
trading futures and day trading equities were identical. I was wrong!
At first glance you would assume that I misspelled the title. Compleat means,
"highly proficient or highly skilled." In order to profit from the methods
outlined in the book, you need to practice. Bernstein is not presenting a trading
system, so don’t expect to read this book to find a magical equation. What
you will find is a methodology; an approach to the market. You will also
find a few indicators that are real nice.
If you intend to trade futures, and you are fairly skilled (not a beginner), then
this book would be a great addition. If you intend to trade equities this
is not a great book, but again, it’s only a weekend of reading.
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The Electronic Day Trader
by Marc Friedfertig and George West
By the time I had picked up this book, I had already been positions trading,
and "dead-cat bounce" trading for over a year. I had alread established
an electronic trading account, and realized the potential gains that could
be obtained by day trading.
If you are a beginner, give this book a quick once over. After you have
set up you electronic account, made a few trades, and spent a few weeks watching
realtime quotes, pick the book back up, and read it again. The authors
present information here that is so valuable, that you can't afford not to read
it. I can't even begin to summerize the wealth of information between
the two covers.
Again, you should make a few trades to understand how you account works -- it
will only cost you a few dollars, and it will be money well spent.
Understanding how to execute limit orders, stop orders, stop limit orders,
market orders, and short orders. Watch realtime data, and look at intra-data
charts, then read this book.
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How I Made $2,000,000 In The Stock Market
by Nicolas Darvas
This is a wonderful book. My first thoughts -- "I'm sure."
Well, like anyone who wants to get rich quick, I picked it up.
It's NOT a get rich quick book.
Nicolas Darvas is a hard working man, a dancer, who wanted to invest his
money. The book is the first person account of his experiences
trading stocks. He discusses how he went from an emotional investor,
to an intelligent trader with a proven method. He begins by
explaining why he needed a method, buy showing his failures. His
method is revealed early in his book, and the remainder of the books
is his success story. He even traded stocks while he worked and
traveled around the world, using any method that he could to contact
his state side broker.
I felt the text of his book did not do a great job explaining his
techno-fundamental trading method the Darvas Boxes. It's a good
thing I didn't read the first release of the book back in 1960; I would
have surely written the author. The 1994 edition of the book was
released with a Questions and Answers section; where he prints many of
the questions that he received, and the answers to those questions.
Without the Questions and Answers, I would not have been able to
understand the "exact" process of creating the Darvas Boxes.
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Japanese Candlestic Charting Techniques
by Steve Nison
Although this is an outstanding book, after purchasing and reading this book and
Beyond Candlesticks: New Japanese Charting Techniques Revealed, I would not
suggest purchasing this book. Nison's second book also does an outstanding job
with the topic of the candlestick charting technique. Save your money.
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Shootout on Wall Street : The $4000 to $1000000 Formula in Less Than a Year
by Grald A. Cannon
This book emphasizes one point -- news! Cannon tells you his
success story trading on news stories. He does not do
technical analysis or fundamental analysis. He simply watches
new, and on a piece of good news, he dumps his money into that stock.
This books is no more that some fifty pages, but his presentation is
wonderful. You will find yourself laughing out loud -- very
rare when reading a books on investing!
After reading this book, I was inspired to write a news reader application
coupled with a knowledge base. I realized that that was too
difficult to do. After doing a bunch of news analysis, I found that
the work "earnings", and "exceeded expectation" are the two things to
look for in a news title. But the best profits can be realized
after several quartes of below expectation earnings. I'm going to
have to expand my databases to include expected earnings and actual
earnings. I'll run something on the weekends to update my database
for the most rescent four quarters.
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Technical Analysis From A to Z
by Steven B. Achelis
If you would like to have a reference book that discusses almost
every technical indicator, this is the book for you. I
found the book to be invaluable! I knew nothing about
technical analysis, and this books provided me with information
on a daily basis while I was writing my software. The
book is filled with charts, graphs, tables, equations, examples,
detailed explanations. What a reference!
I think he has every technical indicator you could possible
immagine, with the execption of the Darvas Boxes. I
suppose it was left out because Mr. Darvas' work is not that
well known. I would have liked to read Achelis'
interpretation and presenation of the topic.
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The Technical Analysis of Stocks, Options & Futures
by William F. Eng
"Two thumbs down!"
I read this book a couple years ago. On my first pass,
I really enjoyed reading the book. The material seemed
to be well presented. I'm sure you know that I am a
programmer by now..... Well, I needed a volume indicator
for my charting application, and OBV was the way to go.
I began writing the algorithms to add an OBV indicator to my
application, and that's when I began noticing them.
ERRORS! In the heart of the technical discussion of OBV,
dozens of discrepancies and vague sentences that made it
impossible to generate accurate algorithms. I contacted
the author to get clarifications and I received a form letter,
and a catalog. I was encouraged to purchase high dollar
training courses, but Eng failed to answer any of my questions.
It's a good thing I had other resources at my disposal.
The book remains on my shelf, unused. There are many other
sources, that are much more reliable, that don't require an
author's intervention to clarify details! Personally,
I wouldn't purchase another book by this author. At one
time, he may have had a passion for trading and teaching, but
those days are long gone!
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