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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) (Hardcover)

by Gary Smith (Author) "During the early to mid-1990s, I was a full-fledged member of the vendoring establishment ..." (more)
3.7 out of 5 stars  See all reviews (6 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.

Inside This Book (Learn More)
First Sentence
During the early to mid-1990s, I was a full-fledged member of the vendoring establishment. Read the first page
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Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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Customer Reviews

6 Reviews
5 star:
 (2)
4 star:
 (2)
3 star:
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Average Customer Review
3.7 out of 5 stars (6 customer reviews)
 
 
 
 
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15 of 15 people found the following review helpful:
4.0 out of 5 stars A bit complicated for a beginner, 6 Mar 2002
By A Customer
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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20 of 21 people found the following review helpful:
3.0 out of 5 stars Not for day traders, 28 Dec 2002
By A Customer
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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18 of 21 people found the following review helpful:
5.0 out of 5 stars My favourite trade book so far!, 4 Mar 2002
By russell thomas (surrey United Kingdom) - See all my reviews
I have read quite a lot of books recently.Most just seem to plug themselves and there websites, repeating the same old trading methods. This book is an honest look at trading from someone who actually trades at home for a living. Trading successfully the last 15yrs and unsuccessfully the previous 20. His insights into trading are a priceless counterweight to all those daytrade get rich quick books and websites.He also provides an interesting list of his own favourite reading books , which i have found useful.My trading skills have improved more from this book than any other. I wholeheartedly recommend it
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Most Recent Customer Reviews

5.0 out of 5 stars Great Book
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... Read more
Published on 8 Jan 2007 by Pete17

4.0 out of 5 stars A great read.
I found this book hard to put down once I started reading. Like other reviewers have said, it doesn't give you much help on day trading on the internet as this is not how Gary... Read more
Published on 17 Sep 2006 by C. Ashwell

1.0 out of 5 stars Outdated
Gary Smith earns his money trading so one has to give him respect. However I found this book difficult to read and of course time has moved on. Read more
Published on 5 April 2005 by R. D. Stagg

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