User Reviews about Stock Trading Wizard : Advanced Short-Term Trading Strategies for Swing and Day Trading
I re-read this book and was going to write Tony a thank you note for a truly outstanding book that stands the test of time. Most financial books today only cover one aspect or another of the marketplace. Tony's books cover all angles and give a wonderful in depth blue print for the person who is willing to follow the advice given. Tony's book "The Stock Trader" is a must read accompanyment to this book and is worth the money. No other book on the market takes you inside a trader's mind and walks you through the trades as this does. I cannot recommend Tony's work enough and I am proud to consider him a friend. He is the happiest, most successful person I know. We can all strive to attain his example of success. -- ** Excellent Book For Equities Traders **
I like the way Tony guides you to the world of stock trading. He defenetly provides the neccessary information for beginners.
Just keep in mind that beginners NEED to go beyond the basics and learn more practical strategies that can show them specific ways to make money from the stock market.
Day trading is all about making buy and sell decisions. When you place a trade either your going to lose money or your going to make profits, and some other times you will break even. Trading doesn't have to be complicated and should never be regarded as gambling. Trading is a game of strategy.
That's why The most important aspect of stock trading is the knowledge FILTER you employ to make your buy & sell decisions. There are many "fantastic" strategies outhere, but you need to test them in order to discover which ones help you the most.
Complicated systems that rely on a "boat load" of technical indicators can make you slow, and being slow in this game can be as dangerous as not knowing what to do in the first place.
I think the worst thing that can happen to a beginner stock trader is to get information overload. It's better to go step by step, and test a simple strategy that can show you how to focus on concrete ways to make money.
Fortunatly there are some good sites on the web today that can show you how to trade in practical and effective ways. One of those sites is Sharp Trades ( SharpTrades com )
In the end, stock investing & trading is all about buying and selling according to your knowledge FILTER. Once you master and follow youre proven filter parameters like a clock, you can expect to start making serious amounts of cash on a consistent basis.
-- Good Book... But the stock market doesn't care if you are a beginner
10 Stars !!!!This book has saved me a fortune. When ever I'm in a slump, I stop trading and read this book again. It always gets me back on track. My main problem was I wasn't letting the market tell me which direction to trade. I was trading on the long side of the market when I should have been on the short side and vise versa. I've stopped watching the tape so closely, and focus now on general market conditions for my long or short signals. Now I don't get caught on the wrong side of the market as much. I feel that you can take many pages of this book and say that each one of those pages is worth far more than the price of admission. That is my honest opinion. -- I read parts of the book on a daily basis
This book is a great primer for beginning traders, in that it gives you a full overview of daytrading stocks, from an introduction to the markets, to explanations of execution methods, Level II, position management and money management. It's a great book for beginners and intermediate traders alike. -- Great introduction to daytrading from a foremost trader












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