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Trading Strategies From a Trading Skeptic Paperback – 30 May 2013


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Product details

  • Paperback: 186 pages
  • Publisher: Joshua Tree Financial, Inc.; 1 edition (30 May 2013)
  • Language: English
  • ISBN-10: 0989483304
  • ISBN-13: 978-0989483308
  • Product Dimensions: 23 x 15 x 1 cm
  • Average Customer Review: 2.3 out of 5 stars  See all reviews (3 customer reviews)
  • Amazon Bestsellers Rank: 1,985,626 in Books (See Top 100 in Books)

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Product Description

About the Author

Dan Murphy is a personal trader specializing in automated, hands-free trading. He is originally from Napa, California and enjoys a fresh glass of red wine from his uncle's vineyard. He is also skeptical of wines with high prices, climate change, and all forms of quackery.

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Customer Reviews

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Most Helpful Customer Reviews

1 of 1 people found the following review helpful By Roy Eaton on 9 Aug 2013
Format: Kindle Edition Verified Purchase
I should have known what to expect after following Dan Murphy in my earlier years as a trader, this being a written version of the many short videos that he's made. It's a bit of nothing and just a ticket to enter one of his paying subscription (hence free). I wouldn't recommend this book (20 pages or so) to anybody unless you really really don't have anything else to do.
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2 of 3 people found the following review helpful By Amazon Customer on 25 Aug 2013
Format: Kindle Edition Verified Purchase
If all traders thought like this thinks, no one would even consider trading...downright boring, tedious and over complicated. His take on the markets are that it is virtually impossible make money from it and the only way to get there is by an over complicated system and guided to his subscription services. If you guys really want to make money with winners not losers then try Mark Austin and John Piper's UK services (UK), I guarantee you will make money, and they are positive in their beliefs, but very down to earth in their approach to trading the markets to win.
I would not recommend this book to anyone..a complete waste of time and money.
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0 of 3 people found the following review helpful By roger stoyles on 9 Nov 2013
Format: Kindle Edition Verified Purchase
Very quick fast delivery, excellent product, would recommend it. I would but from this seller again and be sure of a great service.
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Most Helpful Customer Reviews on Amazon.com (beta)

Amazon.com: 103 reviews
107 of 108 people found the following review helpful
Awful Book 28 Jun 2013
By Andy - Published on Amazon.com
Format: Kindle Edition Verified Purchase
I read this book thinking that maybe there was something. Not one useful thing in this book, just like his bogus website.
He offers 25k to reveal a trading system, yes because he has been unable to trade himself for the last ten years.
I had his option newsletter, and daytrading signals and lost money on all of them. His smart money indacator has been short since 2011. Yet, he still says it works, btw he issued a short signal June 27,2013. So That means I will go long now. Read his SCC fraud charges, he never actually traded. His book has no actual trading systems, just crap like his service.
This guy doesnt trade and is a disgrace to those of us trying to retire.
All the reviews positive are from him, He is a liar and a worthless trader.
99 of 103 people found the following review helpful
An infomercial from a financial fraud 27 Jun 2013
By Amazon Customer - Published on Amazon.com
Format: Kindle Edition
This book reads like an infomercial for the author's "10x Trader Lifestyle (tm)" and the author's various websites. It is full of anecdotes about how the author is supposedly living the high life by golfing and surfing while his wildly-profitable automated trading systems are working in the background.

Unfortunately, the book is devoid of any significant, useful content. The book is padded with some generic, common-sense advice about how to use the TradeStation platform for backtesting your automated trading strategies (e.g., how to use the genetic optimization feature, or how to use second charts), but nothing that you can't learn from the TradeStation website itself.

The author notably fails to explain *how* to develop a successful strategy in the first place, as opposed to backtesting a strategy. Instead, the book is filled with stories about how the author supposedly developed amazing mechanical trading strategies, and provides backtested results as evidence. However, there is no explanation about how these strategies actually work, or how to develop winning strategies on your own. Instead, the book is filled with hyperlinks to one of the author's websites, presumably for a further sales pitch.

If you want to read a serious book about how to develop mechanical trading systems, there are plenty of good options. (E.g., there are two scholarly books by Richard L. Weissman, or some shorter books by David Bean with sample TradeStation strategies.) This is not one of them.

It is worth noting that the author of this book was previously found guilty by the SEC for a civil count of securities fraud. Search for "Daniel Murphy SEC" for details. His current websites seem (in my opinion) to be equal parts of snake-oil and infomercial. This book likewise seems to be a marketing vehicle, not something to help you independently to trade better.
59 of 59 people found the following review helpful
Skeptical 26 Jun 2013
By Kieran - Published on Amazon.com
Format: Kindle Edition Verified Purchase
It's a pretty short book, readable in a few hours. Some useful stuff, a bit light on specifics.
What makes me suspicious about the whole thing is - there are 16 other reviews on this page, all 5-star, all written within a 3-day span by people that haven't written any other reviews.
33 of 33 people found the following review helpful
Fraud 29 Jun 2013
By PS - Published on Amazon.com
Format: Kindle Edition Verified Purchase
As other people have pointed out , stay clear of this guy. Apart from the SEC fraud , he routinely employs the run of the mill marketing strategies for his sub-standard trading programs. One of them being writing a book and putting it up on Amazon. If you are a real trader there is nothing in this book you don't know about. Also did anyone note that most of the 5 star reviews for this book are written by first time reviewers or hired review writers :). I purchased his signals program long time ago and it nearly emptied one of my brokerage accounts. People like him are a bane of the trading education world.
34 of 35 people found the following review helpful
No substance, hard to believe he's an actual trader 30 Jun 2013
By Stress-Less Steve - Published on Amazon.com
Format: Kindle Edition Verified Purchase
I liked the title of this book and it was free so I ordered and read it. From the start it read like the bait and hook trading emails and ads that I am bombarded with. The whole time telling me that he was the real deal. There is no place in the book that substantiates his trading record or abilities. An online search primarily pulls up legal problems and disappointment in his services. Normally I would not bother to write a negative review, especially when the book was free, but as a real trader always looking for new ideas from other traders, I was insulted by this book.

It appears to me the main thrust of the book is to entice others to present viable trading systems to him, which he will judge and give a cash prize for. After reading, I would guess that this is a fishing expedition to find someone who actually can trade.

If Mr Murphy wants to add credibility to his books, he needs to have verified quality information about himself on his website, or even better, from qualified outside sources. Here is the sum total of the book's information: Build an auto system (No actual systems that work presented). Use a virtual server, use TradeStation, there is lots of risk for the reader but it appears he wins nicely even on his bad days. Finally, send me your best trading ideas for free and let me see if I like any of them enough to trade my own real money with.

I think we would all love to have actual profitable traders send us automated systems that prove out to be low risk, solid reward and free to us! What I can say is more power to him if he gets it. It won't come from me.
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