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Lessons From The Trader Wizard [Kindle Edition]

Bill Cara
5.0 out of 5 stars  See all reviews (1 customer review)

Kindle Price: £8.39 includes VAT* & free wireless delivery via Amazon Whispernet
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Book Description

New from trader/free market patriot Bill Cara, Lessons From the Trader Wizard demystifies the complex world of capital markets. One of the world's top traders equips you with the experience-proven tools and insights learned over a lifetime that you need to trade at the top of your game. Learn to avoid common mistakes even the pros make and minimize risk with this clear, concise guide to trading success.
Learn the specialized tactics you need to compete with Wall Street. Bill shows you how to navigate with confidence through the dangerous world of trading the capital markets.
Whatever your level of trading experience, Lessons From the Trader Wizard shows you how to protect capital and maximize trading returns in any economic climate.

“Through the power of his written words, Bill Cara turns mere mortals into trading superstars. Bill Cara is that rare breed of individual: an insider who thinks like an outsider; an investor who acts like a trader; and, a practitioner who can teach others just what it takes to make money in the markets.” - Bob Coffey: BCom, CA CMC Retired vice chair and head coach of KPMG Chartered Accountants (Canada).
“Practical, provocative, inspiration, educational and meaningful information on wealth management which provides individuals with the knowledge to handle their investment decisions.” - Michael Panzner: author of Financial Armageddon and The New Laws of the Stock Market Jungle
“Discovering Bill Cara is more important to investors than finding a great stock investment. In Bill, individual investors have found an independent, principled, intelligent and experienced teacher and advocate. If you want to learn about markets and trading, buy his book!” - Ermanno Pascutto: Executive Director, FAIR Canada; Member of Market Structure Committee at Ontario Securities Commission; Member, Consumer and Investor Advisory Council at Ombudsman for Banking Services and Investments (OBSI); Member, Legislative Committee at Dubai Financial Services Authority

Published by ADVFN (

Product details

  • Format: Kindle Edition
  • File Size: 3098 KB
  • Publisher: ADVFN Books (24 July 2012)
  • Sold by: Amazon Media EU S.à r.l.
  • Language: English
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Enabled
  • Enhanced Typesetting: Not Enabled
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (1 customer review)
  • Amazon Bestsellers Rank: #641,661 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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Most Helpful Customer Reviews
5.0 out of 5 stars Excellent, 23 Jan. 2013
Format:Kindle Edition|Verified Purchase
This books is a must read for any investor on the stock market. I found the book informative and helpful and Mr Cara is generous in the way he shares his techniques and sources. He is that rare combination of thinker and do-er and I cannot recommend it too highly. The cost of the book is the best investment you will make.
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Most Helpful Customer Reviews on (beta) 4.4 out of 5 stars  14 reviews
6 of 8 people found the following review helpful
5.0 out of 5 stars Blog to Book 26 Sept. 2008
By ImageMD - Published on
Format:Hardcover|Verified Purchase
Bill Cara (aka William Ciccarelli) has produced an important book on modern financial markets. He has achieved this in spite of:
1. the difficulty of going from blog to book
2. the difficulty of writing a first book and attempting to pack a lifetime of knowledge into 404 pages
3. the difficulty in deciding on the knowledge and experience of the targeted reader
4. the difficulty of going against conventional wisdom

But if you give him a chance, Bill succeeds on all counts. Let me be more specific.

I read Bill's blog ([...]) daily. I like reading him in a conversational mode. I read his reactions to market and political events as well as his responses to questions from readers. One useful feature of both his blog and his book is the frequent use of URL's directing the reader to relevant content of other internet sites.

After a lifetime of participation in financial markets, Bill has definite opinions about how markets work. He personally knows many of the good and bad guys. Even 404 pages is little space to review these lifetime experiences.

Most readers come to his book without these relevant life experiences. The reader could be a novice or very experienced investor or anywhere in between, but not someone like Bill who slugged it out daily with the market makers. Bill does not have the benefit of being a graduate professor of finance who knows that his students have completed the prerequisite courses. Therefore, he devotes about half of the book to finance 101 for the beginners.

I think the book's strongest points are made in attitude rather than technique. Bill risks being labeled an eccentric because his advice (observations) goes against conventional investor wisdom. He argues that buying and holding quality stocks for the long run will not make much money. Instead, buy quality stocks when the market dislikes them and sell them when they are back in favor. The only thing that counts is the price. Good stocks go through price cycles of being over and under priced. Do not trust the financial press, particularly the talking heads on the financial networks. Assume that the investment houses, particularly the sell siders have their own agenda to make themselves rich and you poor.

Most appreciation of capital occurs slowly over long periods of time through increases in productivity. Other changes in price are a zero sum game. The markets produce an inherent conflict of interest between those who can control the value of assets by either large sums of capital or control of information. The individual investor is confronting an enemy which can be the large investment banks, corporate insiders or even the government.

Government uses its own considerable resources to maintain low interest rates, maintain low inflation, promote prosperity, relieve poverty and fight wars. It also attempts to be an honest broker among special interests. But from time to time it stumbles.

When the balance between social justice and self interest fails, the responsible parties have the chance to apologize, obfuscate or tell what they know is untrue. When the expansion of credit produces unintended consequences, who is to blame? The American voters have the opportunity each 4 years to decide who they believe and who they hold accountable for prior failures. Markets make this decision daily. The individual investor makes this decision daily, weekly or less often depending on his/her limitations of time, experience and determination.

A lot of the advice (observation) might seem erroneous if it were not for Bill's daily account on his blog of the financial market gyrations of the past decade and particularly the failure of the mortgage and banking regulation in September 2008.

I am recommending this book to my son. He is a successful professional and beginning his life as an investor. He is a prodigious saver, using mutual funds as his major store of wealth. He buys stocks from time to time but does not have the time to engage the financial markets like his retired father. He has no formal education in finance and will benefit from the didactic part of the book. He is beginning to doubt the expertise of financial experts and the fairness of the financial markets. He is asking himself how he can maintain the value of his savings and someday be able to retire and write book reviews like his father.
1 of 1 people found the following review helpful
5.0 out of 5 stars Helping investors run the longest 'marathon' that is the market 24 Feb. 2009
By Leslie Robinson - Published on
Format:Kindle Edition|Verified Purchase
I picked up on Bill's website about four years ago, as all that has come to pass started going down. I wanted to know why. The why we pretty much know now, but in making the call for the 'Trade of the Generation' (TOG - Sell bonds and buy gold) back in 2008/9 I've come to learn from Bill that the market is a marathon and it takes a specific set of skills in order to be able to run that marathon. The hard copy of 'Lessons' I purchased in 2009 has been providing me with that skills set.

Gold has since near doubled following that call, while bonds continue to grind higher as fear herds global investors into liquid 'safe' investments. But that they are in a bubble begins to be clearer to most investors as the ECB promises to move heaven and earth to prop up failing economies and the Federal Reserve continues to monetize America's growing debt problem.

And that's the sort of macro view that Bill brings to the table. His website is simply outstanding for presenting short and medium time frame trade setups and market perspectives. This book complements that knowledge and it is specifically aimed at those who are beginning, or already have a sound knowledge of the markets and wish to free themselves from the clutches of Wall Street and the big banks that have utterly ruined the global markets and our financial and political systems.

This is knowledge being passed from an old hand who's had a gut full of the system playing everyone for fools. I thoroughly recommend it for those who seek not a guru, but a complete understanding of inter-related markets including bonds, commodities like gold and oil, equities, and the market moving forces that propel them. These markets move in relation with each other. 'Lessons' will help you understand that relationship.
5.0 out of 5 stars This is a short course in trading, It touches all the bases and should be read by anyone serious about trading. 8 Jun. 2013
By Edward Corlin - Published on
Format:Kindle Edition|Verified Purchase
I have chosen to give this book 5 stars because is is the best general book on investing that I have found. Many subjects are subjects are covered. I've made money using it.
3 of 5 people found the following review helpful
5.0 out of 5 stars Comprehensively Cogent 10 July 2008
By nemo - Published on
Format:Hardcover|Verified Purchase
I found Bill's website about a year ago. As I followed it, I began researching his archives over the last few years and was impressed with the accuracy of his analysis and his predictive capability about market results. So, I bought the book (else why would I write a review).

The book represents the foundational knowledge behind his methodolgies. It synthesizes a systematic approach to market/stock analysis utilizing several market disciplines and their respective tools. He also provides resources for other information he considers important to investing/trading skills and lets the reader in on the inside game that Wall St. plays against the individual investor-helping level the playing field.

The writing is clear and concise, in plain language. His writing style breaks up the information into bite size pieces which are easy to mentally digest.

Mr. Cara has done us a favor. Take advantage of it.
1 of 2 people found the following review helpful
5.0 out of 5 stars Capital Markets and Social Equity!! 26 Sept. 2008
By Grant Robinson - Published on
Like a Zen master who must first teach 'un-learning' of habits and behaviours to their students, Bill's writing focuses on the basics but engages with his readers with respect and an intensity of knowledge that I have rarely seen covered in any topic area, let alone something as complicated and confusing as the capital markets. I have re-assessed my investing and trading styles so fundimentally thanks to Bill's sharing of insight, advice and the thousand other tidbits that build a great trader. This book in tandem with following his blog / community will give you the tools and the safe place to make changes that are as much about personal empowerment as they are the mechnics of putting your money to work.

My sincere hats off... I look forward to many more years of following Bill and his compadres....
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