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Rating:  Summary: Read between the lines Review: First of all, I noticed many other reviews written that slagged the book badly. Perhaps they had high expectations in terms of what riches this book could bring them. However, it's clear those readers have the wrong idea.There is no holy grail or single book that can get you rich. The authors of this book repeatedly say that the strategies are not meant to be mechanical - suggesting that they require flexibility, and the ideas are there to incorporate into your own trading. I personally would not place much weight on whether this book will make you money or not simply by following the proposed trading 'systems'. Traders are supposed to grow and develop, not copy off some book robotically and become rich. The book exhibits excellent common sense and simplicity which sometimes traders forget. It will offer you some clarity if you become confused or frustrated with trading. It will also offer the more experienced traders some alternative perspective. There is probably nothing new in this book that you cannot find elsewhere - but this is probably true for all other trading books. I do think this book is a bit overpriced - hence 4 stars. On the other hand, I do believe this book is an excellent book in terms of clearing the bunch of mess that is out there with respect to trader education. Simplicity works when applied by the prepared.
Rating:  Summary: Street Smarts Review: Hmmm, this book is way over priced. The bulk of the concepts are not original ideas, most of the concepts were renamed, creating the illusion that this is some pathway to riches. Read the classic trading books first, and save your money on this one.
Rating:  Summary: Street Smarts Review: Hmmm, this book is way over priced. The bulk of the concepts are not original ideas, most of the concepts were renamed, creating the illusion that this is some pathway to riches. Read the classic trading books first, and save your money on this one.
Rating:  Summary: It's a Great Place to Start... Review: I began trading futures at the advent of the internet in the household back in 96. Charts and real time feeds were virtually unavailable except for the brokerage houses willing to pay the expense. I relied on my broker, a fax machine to get the charts, and voice mail to follow the real time price quotes. I wish I would have known about Linda's book from the start and about 7 years later now that real time charts are right at our finger tips and inexpensive. I then could have made my own decisions rather relying on others. Word of advice here - don't ever rely on your brokers to know better than you. Although this book written some years ago may seem outdated, it still follows the true elementary path of technical trading, is easy to understand, and involves probably the slightest risk possible. I read at least 30 books on this subject, (including Larry Williams, Jake Bernstein and Jack Schwager, (who are very dry and hard to follow) and Ken "what's his name" requiring you to enter these contracts for several months. What trader could do that without several hundred thousand dollars of capital? So trust me when I say, although seemingly overpriced, the book is immeasurable in education as well as exciting and fun. Linda encorporates a lot of the ideas of others (giving them full credit) but gives it her own personal flair. Swing trades are the way to go with the least risk and least capital AND without keeping your nose on the computer all day. This is the first book any wanna be trader should read before setting up an account and trying it for real. I'd also recommend finding a broker who endorses her style.
Rating:  Summary: Among the Best 5 Trading Books out there... Review: In my daily work as a Stock Broker in Sweden I encounter questions about good trading books all the time. Customers feel that most trading books are quite expensive, and a good way to avoid overpriced, worthless items is by asking an experienced professional. While I truly do not feel that the mystery of the markets can be revealed in a book, I can honestly say that this book is well worth its price. Above all, it gives the open-minded reader insights in highly effective approaches, concepts of trading which I have used successfully for many years. In fact, strikingly similar methods to the methods in this book have been "discovered" and used by investors, brokers, and traders that I know, even before this book was published. In my mind, this is another good indication that many of the patterns presented are valid in real-life trading. While I do not use the patterns in this book in the exact same manner as they are presented, the concepts and the insights are the same. Time spent studying these concepts will be time well spent. I consider Street Smarts to be among the best trading books I've read, and I certainly feel that it is the best book out there concerning Swing Trading. It contains no hype, just precise and sound swing trading techniques. I recommend it highly to all market participants, novices and professionals alike. Some of the other books that I consider to be among the best are: Market Wizards 1 & 2, Reminiscences of a Stock Operator, Trading Systems and Methods, How to make money in Stocks, Technical Analysis of the Financial Markets, Investment Secrets of a Hedge Fund Manager, Japanese Candlestick Charting Techniques, Secrets of Profiting in Bull and Bear Markets, Technical Analysis of Stock Trends, Trading by the Book, Exceptional Trading. Of the hundreds of trading books I have in my personal library and the thousands which I have access to in my professional life, Street Smarts still remains a personal favourite. I rank it as one of the 5 best books on trading I have ever read...
Rating:  Summary: good Review: TABLE OF CONTENTS
Chapter 1 - Introduction
Chapter 2 - Swing Trading
Chapter 3 - Money Management
Part I - Tests
Chapter 4 - Turtle Soup
Chapter 5 - Turtle Soup Plus One
Chapter 6 - 80-20s
Chapter 7 - Momentum Pinball
Chapter 8 - 2 Period Roc
Part II - Retracements
Chapter 9 - The "Anti"
Chapter 10 - The Holy Grail
Chapter 11 - ADX Gapper
Part III - Climax Patterns
Chapter 12 - Whiplash
Chapter 13 - Three-Day Unfilled Gap Reversals
Chapter 14 - A Picture's Worth A Thousand Words
Chapter 15 - Wolfe Waves
Chapter 16 - News
Chapter 17 - Morning News Reversals
Chapter 18 - Big Picture News Reversals
Part IV-Breakout Mode
Chapter 19 - Range Contraction
Chapter 20 - Historical Volatility Meets Toby Crabel
Part V - Market Musings
Chapter 21 - Smart Money Indicators
Chapter 22 - More Words on Trade Management
Chapter 23 - Be Prepared
Chapter 24 - Final Thoughts
Chapter 25 - The Secrets of Successful Trading
Rating:  Summary: exceptional value -- I wish more books were this good Review: This has helped my trading immeasurably. It is for swing traders. It is very specific about setups, lots of examples, and lots of setups with explanations and wisdom worth studying. I have probably 50 or 60 books on trading. They all have something to them, but this is one of the top books in my libary and I am using it all the time.
Rating:  Summary: Not a good return on investment Review: Well, the good news is the book is well written and easy to follow. The writters get cut straight to the chase, and illustrate plain and simply the patterns to look for in swing trading.
The bad news, comes when trying to implement these strategies. I spent alot of time looking for the patterns they descibed and often when I found a pattern and watched it, the market bounced in the opposite direction to what is was predicted to do.
All in all, I do not feel this book represents a good return on investment.
Rating:  Summary: Excellent book for people who know what they are doing Review: Well, what can I say? I am making a living from a pattern I learnt from this book. People who are slagging off this book here, probably didn't read the book ("too expensive"), or don't know what the hell they are talking about, hence probably shouldn't be trading in the first place.
Thank you LBR and LC, as you said in your book, one needs to master just one pattern to make a living. I certainly have.
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