All Trading Books

Trade the trend and you can trade for a living

If you're going to play the stock market, play to win by using a fundamental strategy of most hedge fund managers-trend trading. In Trend Trading for a Living, the trading coach and hedge fund manager known on Wall Street as “Dr. Stoxx” shares his personal strategies for analyzing markets, picking stocks, and knowing when to buy and sell.

This step-by-step book offers a practical road map to get yourself familiarized with the stock market and into the driver's seat of your financial future. In five progressive parts, Trend Trading for a Living helps you:

• Configure your platform: setup your home computer to trade online with the best brokers
• Learn the basics: understand trend trading, select stocks to watch, and interpret market signs
• Get in the game: select the most profitable bullish and bearish stocks and pick your entry and exit prices
• Leverage your portfolio: learn how to trade with options to increase your financial rewards
• Turn pro: with patience, determination, and a strategy grounded in fundamentals, you can “trade for a living”

User Reviews about Trend Trading for a Living: Learn the Skills and Gain the Confidence to Trade for a Living

I reached this book after a handful of trading texts in the past months, as well as spending the past summer watching Level Two screens and ticker bars scrolls, bursting breakouts and bottomless bull traps. So far none of the other books have hit me EXACTLY in stride like this book. What I like is that the book expands on a somewhat concentrated part of the market: trend trading. It is accessible for someone brand new to trading but I recommend readers learn the ins and outs of the market for a month beforehand, or read and apply a more basic book first. To me, the text was more of a supplemental, icing-on-the-cake type of read than a introduction to trading.

When I started reading, I was definitely concerned due to the larger than normal font. I thought the editors were trying to pull a fast one and braced for tons of mumbo jumbo and drawn out sentences to fill the pages. However, the minute I read Carr recommend Trade Your Way to Financial Freedom and Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude I had a feeling it would be a good read. Carr recommends two of the most referenced/important books in the online trading community. After I heard so many posters praising the books I bought them before TTFAL (check out my review(s)). From there it only gets better.

Sure, Carr (or the editors) waste a lot of space with excessive graphs/tables that take up consecutive pages or large font but after completing the book, it was worth every penny. I recently got a membership to the local library and don't pay for knowledge if I can avoid it so believe me when I say it is worth it.

One of my favorite things about the book is the tone. It often reads like a post you would find on an online forum, which comes as no surprise considering that is where Carr honed in on his craft. Carr is direct and doesn't dance around the details. He tells the reader "Do X, look for Y, be more efficient by doing Z." Most authors I have read so far are pretty reserved about telling the reader what to do; wanting their audiences to find their own path. This is why I liken it to a message board: it lacks filler. I found the book refreshing to have an author tell the reader the oft overlooked details vital to trading like screening guidelines and indications of when to entry/exits, etc. It helps although I can definitely see it being disadvantageous to newcomers because this form of teaching doesn't exactly promote additional learning to supplement techniques.

Carr concludes the book by saying that he has provided everything that you need to be a successful trend trader in his book. Technnnnnically that is true, but I wouldn't have this as the sole book in my library if I was serious about being efficient as a trader and especially if I was trying to make a living doing it. Great book although I would recommend another text read first such as Toni Turner's A Beginner's Guide to Day Trading Online (2nd edition) as a prelude. Like I touched on earlier, I don't think the book is detailed enough for complete beginners needing a strong foundation, but if you are interested in trend-trading, you can't really go wrong with this book. -- Great for people that know they want to trend trade

Dr. Thomas Carr's book Trend Trading For A Living is in my honest opinion one of the most important books an amateur trader could have--by amateur I mean any person who has not created for themselves a sytem of entering and exiting trades and selecting stocks. To explain. I was successful before I read this book, I had turned my 30,000 dollar account into about 40,000 dollars in two months of trading before I found this book. When I found this book however, it is one of the most important for my success in the market. I traded my 30,000 dollar account up to nearly 200,000 dollars today. I made 12,000 dollars last week, which is more than my father makes in four months. This book is to thank.

It has two great features that no other book really has. 1) It has a distinct method of how to find stocks and how to trade them. By the time I had developed my money management system, I was just throwing darts at boards, and trying to use CANSLIM as best as I could with options, I was obviously successful, a 30 percent gain is nothing to scoff about, but I never really learned how they found their stocks. Thomas K. Carr, God Bless Him, tells you his exact system for finding stocks. He then goes into detail into several set ups to look for in these charts.

2) He talks about Options in a clear and unique way, giving a system of his own to trade them. Now, I have stricter rules of trade, but I don't think you would go broke following his system either. Hell, you might make more than I did.

His information on option trading is worth the price of the book alone, hell, it's worth ten times the price of the book. It details money management strategies and basic facts, which, used with his other systems could make you a fortune. Is it the only book you should use for options, no! But is it a great introduction to get you started with options. Most assuredly.

This book, leads the way in basic trading guides, and can make you a fortune if you let it. -- One Of The Top Five Books You'll Ever Need

IT CAN TAKE YEARS TO LEARN TO TRADE THE STOCK MARKET AND BE PROFITABLE.IF YOU WANT A TRADING STATEGY THAT WILL HELP YOU TAKE CONTROL OF YOUR OF FUTURE I HIGHLY RECOMMEND TREND TRADING FOR A LIVING.PROFIT IN ANY MARKET SO THAT TRADING BECOMES YOUR WAY OF LIFE.THIS BOOK AND SYSTEM GAVE ME ALL THE TOOLS TO JUST DO IT. -- TAKE CONTROL

The book is very good. It doesn't deserve some of the criticisms that have received:
1. The author clearly recognize all his influences and literature sources, including that of Alexander Elder;
2. The book is not vague at all. I have to say that it is the most detailed I read so far (and I have read more than 50). The author clearly individualizes:
a) The market to be traded;
b) ENTRY SETUP;
c) Where to put STOPS;
d) Where to take profits;
e) How to create a watchlist;
f) What are the market characteristics that make the setup even more profitable.
Therefore, I can't understand why the book has been called vague;
3. It is true that the author frequently makes reference to his website and newsletter. But it is not overwhelming or irritating at all. It's not a promotion book!!!

I am very satisfied with the money I paid by the book. -- Well written, practical, and detailed