Brilliant

Very compressed, straight to the point, requires some background (in my opinion), good to refresh what you already know and improve it, and of course learn a LOT of new things.

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A nice book!

When a book on investing starts off with I defected from the Russian Navy by jumping of the ship and heading to the American embassy, I also want to jump ship... but I'm glad that I didn't.

The book goes through the forces that affect the markets. He not only classifies markets as being bullish and bearish he also refers to traders in the same way. As a phycologist I feel that the author certainly does understand the crowd mentality and how it can affect our decisions. He then takes this forward to explain why an individual should not react to changes in the market because they are changing but to view the reasons why they are changing so that one can make a rational decision whether to buy or sell.

As with all of the traders who have written books on this subject, he builds into this book a system that he followed to make himself successful in the stock market. This method in which he uses is similar to that of Peter Lynch who wrote "one up on the Street" and "learn to earn". Both authors concentrate on the day/short term trading. The book itself goes through the ins and outs of what a day trade with actually cost you after you take out the fees and the slippage and gives useful and technical advice on how best to deal with these situations. Then gives information on how he picks the stocks and guidelines on how he then evaluates whether to invest or not.

If you are not interested in Short term trading I would suggest that you look "The New Buffettology" by Mary Buffett or "The intelligent investor" by Graham. Both of this books look at longer investment cycles. So if you just want to invest and not worry about the day to day of the share price then these are the books for you.

All and all this is an interesting read and worth the money. I wouldn't say that it's a reference manual for short term investing but it certainly comes close.

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14 people found this helpful

So much common sense

I have read many other books that suggest similar trading ideas however for some reason this really resonates with me

Well worth (several) reads

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3 people found this helpful

excellent

learned alot,loved it and will definitely have another listen.Btraks down all the rules of dos and don't.

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Awesome Book and awesomely narrated

A great book especially for those new to the market will give you a different point of view. I personally love it already heard it 3 times and always I get something new from it.

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The Best trading Book there is

I have never listened to better trading book. The narrator Rivhard Davison did it a favour by incorporating humour in tone.
I am confident that this will make me a better trader and many more who listen to ( read) it.

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Great book, missing content though?

Book is brilliant, however, I have the physical book and this audiobook doesn’t seem to cover a quarter of the whole book. Still an amazing listen, an I will listen to it again a few times. Just a shame it doesn’t cover more of the actual book. Look forward to the updated version being covered to.

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Timeless Wisdom

Short, sweet and timeless advice.

If you're struggling to trade, study this material.

The lessons found in this audiobook are truly the foundations for any successful trading venture. This business is hard. You are not a loser if you don't make it, just part of the 90% statistic.

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Good book and practical tips

Really good well thought out and valuable content for new and experienced traders, worth a read for anyone

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Psychological approach

I have went through a lot of books on this subject and books by DR Elder are definitely one of the best. Very rational and empirical approach to crowd psychology behind the stock market allow for understanding of the fundamental mechanics on how it operates.



Definitely not for beginners. I would recommend reading "Come into my trading room" first to get the background knowledge first.

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