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How I Trade for a Living
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Author: Gary Smith
List Price: $34.95
Our Price: Click to see the latest and low price
ISBN: 0471355143
Publisher: John Wiley & Sons (26 October, 1999)
Edition: Hardcover
Sales Rank: 9,743
Average Customer Rating: 4.06 out of 5
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Customer ReviewsRating: 5 out of 5
ANOTHER KEEPER FOR MY INVESTMENT LIBRARY
HOW I TRADE FOR A LIVING contains the nuts and bolts of making a living investing without making all the mistakes new or seasoned investors seem to make. What I like most about this book is that Gary self-discloses his methods that makes him able to be one of the few people I have read about who lives entirely on his investment decisions. There are only two other authors that trade for a living that I would recommend to readers. No. Make that three authors. Gillette Edmunds wrote (1)"How To Retire Early and Live Well With Less Than A Million Dollars" and (2)"Comfort Zone Investing." A second author I recommend is R. Max Bowser who has written three books: (1)"Guaranteed Profits With Small Stocks: The Only Stock Market System That Comes With A $5,000 Guarantee" (2)"Making Dollars With Pennies: How The Small Investor Can Beat The Wizards On Wall Street" and (3)"Penny Stock Winners: True Stories Of Successful Investors."
And while I am mentioning other authors, the third and richest author/trader that I have ever read about is Peter Lynch.
Rating: 5 out of 5
Right kind of material
I read this book after losing tonnes of money in the bubble. This was AFTER the fact. However this book revealed so many layers of professional trading to me that I was surprised. It was a revelation. I have read many many other books afterwards but even then Gary's book was my FIRST (very much like first love), and I highly recommend it.Though I will say that much of the material is not original. Most of the indicators are taken from somewhere else, and Gary has provided appropriate references as well. Beauty lies in summarizing and presentation of the indicators that will save you invaluable time taken to read numerous other books. Gary is a perma-bull. That is somewhat surprising, as that will not be "trading" at all. Nevertheless, the indicators outlined in this book will keep you in sync with the market. Sometimes it is very difficult to remember all this information, though this stuff really WORKS. This is one level above trite technical analysis.
Rating: 5 out of 5
Best book for beginning home based daytrading!
I`m just starting to learn how to daytrade stock indexes. There aren`t a lot of books written on this. Many of those there are have been written by those who do mainly pit trading as opposed to screen trading from home. Gary Smith really tells you all of the techniques he actually used to build up $2,200 into $700,000 in about 15 years in index trading and then mutual fund trading. The book is very interesting and easy to understand. I would definitely recommend reading his book over two or three times and practicing with his methods before getting started in daytrading.
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