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Trading Strategies From a Trading Skeptic Kindle Edition
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Top customer reviews
I would not recommend this book to anyone..a complete waste of time and money.
Most helpful customer reviews on Amazon.com
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.
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.
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.
I buy trading books to learn other's methods of entering positions and trade management. I didn't get that here.
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