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How I Trade for a Living (Wiley Online Trading for a Living)
 
 

How I Trade for a Living (Wiley Online Trading for a Living) [Kindle Edition]

Gary Smith
3.4 out of 5 stars  See all reviews (7 customer reviews)

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Product Description

Product Description

Master the Markets by Trading from Home! how I trade for a living "Gary Smith deals in reality. If you want to really learn to trade for real profits, not hypothetical, mumbo-back-tested programs, this book is a must. I seldom read market books anymore, but I read every word of this important book. Get it." -Larry Williams, author of Long-Term Secrets to Short-Term Trading "How I Trade for a Living is a remarkable book; truly a treasure trove of market information.. Highly recommended." -Humphrey E. D. Lloyd, MD, author of Trading S&P Futures & Options: A Survival Manual and Study Guide "Straight talk from an accomplished veteran on how to succeed as a full-time trader. Gary Smith recounts the obstacles he overcame on the road to trading mastery and describes the strategies, indicators, and insights he used to reach his goals." -Nelson Freeburg, Editor, Formula Research "It is always valuable to get inside the mind of a successful trader. Gary Smith does a good job taking you there in a book loaded with useful tips and helpful hints. A worthy addition to any trader's library!" -Gary B. Smith, Contributing Editor, The Street.com "In How I Trade for a Living Gary Smith dispenses a healthy dose of that rarest of all commodities, vicarious experience from a consistently winning trader. New traders will find great benefit from looking over Smith's shoulder as he generously shares with the reader the valuable knowledge he has gained over three decades of trading." -Edward D. Dobson, President, Traders Press, Inc.

From the Inside Flap

Gary Smith was bitten by the trading bug at the age of fourteen, and ever since he′s thought of little else other than how to make a fortune as a home–based trader. He bought his first stock in 1966, when he was just a college sophomore, and then spent the next two decades unsuccessfully chasing his childhood dream. Finally, in 1985, nearly bankrupt and ready to quit, Gary Smith had an epiphany that changed everything–and since then he hasn′t had a losing year and rarely even a losing month. His trading account has mushroomed from $2,200 to nearly $1 million. What did Gary discover on that fateful day in 1985? How did he achieve his phenomenal fifteen–year winning streak and earn an international reputation as one of the most successful home–based traders ever? Find out in How I Trade for a Living. What you won′t find in How I Trade for a Living are knotty mathematical formulas, complex technical indicators, heavy charts, or elaborate software demands. What you will find is a simple, straightforward approach to home–based trading that can be used by virtually anyone, anywhere. Unlike most "experts" writing today, Gary Smith has actually made it as a home–based trader. Step by step, Smith outlines his low–risk trading strategies and explains how to use them to trade stock index futures and mutual funds–his preferred vehicles–as well as individual stocks, options, futures, and junk bonds. He acquaints you with his favorite indicators and tells you how to get the most out of them. He offers a wealth of tips on recognizing market trends and riding them for all they′re worth. You′ve heard what the "experts" have to say about trading the markets. Now find out how it′s really done from a consummate pro in How I Trade for a Living.

Product details

  • Format: Kindle Edition
  • File Size: 3031 KB
  • Print Length: 272 pages
  • Publisher: Wiley; 1 edition (26 Oct 1999)
  • Sold by: Amazon Media EU S.à r.l.
  • Language English
  • ASIN: B000WGC8ZW
  • Text-to-Speech: Enabled
  • Average Customer Review: 3.4 out of 5 stars  See all reviews (7 customer reviews)
  • Amazon Bestsellers Rank: #300,216 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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Customer Reviews

Most Helpful Customer Reviews
16 of 16 people found the following review helpful
By A Customer
Format:Hardcover
I am a beginner in the field of investment in the stock market and as such am trying to read as much as possible before committing any funds. I found that this book started by giving me an honest idea of what would actually be involved in day trading for a living, how hard it would be and a strategy for achieving this goal. It is certainly not a "Get Rich Quick" book and the author emphasises the fact that trading for a living is hard work, takes a lot of experience and is not a suitable career for everybody. However I found that as I progressed through the book to the mechanics of the authors trading system the book became hard work, and probably more suitable for the experienced trader who can easily understand the "lingo". However I would recommend this book to anybody interested in day trading because the author is an actual trader, recommends a lot of further reading which may prove useful and appears to give the reader a true idea of what is involved in day trading. The author certainly does not give false hope but a realistic idea of what is invloved in day trading and an insight into his success following years of breaking even.
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21 of 22 people found the following review helpful
Not for day traders 28 Dec 2002
By A Customer
Format:Hardcover
Smith is a position trader. He rails against day trading because it is very difficult to day trade profitably on a consistent basis. So day traders beware..this book does not give you much in the way of day trading strategies. Smith has his own psychological issues, principally fear of loss, which makes pure day trading too stressful for him. The problem with the book is the absence of a clear methodology or if there is one you are going to have to read it more than once to find it. Otherwise the book is fair in spelling out the dangers in trading and the fact that you are going to lose a lot of money before you start getting it back. I like its realism.
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4 of 4 people found the following review helpful
Great Book 8 Jan 2007
By Pete17
Format:Hardcover
I have read about 100 trading books and traded stocks, futures, options for about 20 years now. It wasn't until I reduced my leaverage by building positions in ISA's ie cash purchases that I began to consistently win. This is a refreshingly honest book by a true home trader who's expierience mirrors and goes beyond my own. Read it!

On a persosnal note if you wish to trade successfully learn how to interpret price action in the present and decide whether it means you are still in trend, if so hold, is it consolidating? - if so hold and watch you stops or is it reversing trend, if so go the other way, stop and reverse.

Real trading and real money on the line will teach you more than any book can.

Smith reiterates time and again that real trading is where you learn.
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