Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

youngsequan

Is This Trading Book Worth $175.00

Recommended Posts

Hello Everyone,

 

I was searching on Amazon for a trading book to read

 

I saw this: http://www.amazon.com/Street-Smarts-Probability-Short-Term-Strategies/dp/0965046109/ref=sr_1_1?ie=UTF8&s=books&qid=1281959921&sr=8-1

 

I'm wondering just how good the content is for it to be this high

 

Hopefully someone here has read the book and can tell me what they think

 

I guess if it has content that can help change your financial future, it is worth the price

 

Any input would be appreciated!

 

Thanks in Advance

Share this post


Link to post
Share on other sites

No. I think I gave my copy of this book away long ago...

No gems therein... precious or semi- precious.

One or two of the 'studies' do have 'collector' value - like the HistoricalVolatility work can be used in automated breakout work - but not stand alone

...and one other concept is 'tradable' but don't remember what it was right now... if I remember will let you know and you can google it.

...ie all the 'studies' are available elsewhere.

Share this post


Link to post
Share on other sites

LOL!

 

Spend the money on a good steak and lobster dinner.

 

That book is available free in some places. Try Googling it. At the very least you'll be able to get an e-copy off a Torrent site for the price of a burger & fries.

 

I had a copy on an old computer. I never gave it much time as trading is about more than a bunch of set-ups.

Share this post


Link to post
Share on other sites

Beauty is in the eye of the beholder, I suppose.

 

I've learned a lot from Linda Raschke, though much more from her seminar than from her Street Smarts book; and much more in terms of attitude and managing my own emotions than particular "set-ups." As The Dude said, trading is more than a bunch of set-ups.

 

However, when I first applied myself to day trading, her "anti" set-up from Street Smarts became my "bread and butter," and a few years of doing nothing but watching for those short term pullbacks against a longer term trend has paid off for me in that I can "see" those entries without relying on the stochastic any longer, regardless of time frame. I bought a copy used, and I cannot remember how much I paid for it, but to me, it was worth many thousands of percents over what I paid for it. But that's me.

 

And yes, trading is more than a bunch of set ups, but as Linda Raschke points out in the opening pages of Street Smarts, you don't need a bunch of them - You just need one. You can't work on the other stuff if you don't have an approach you that you trust.

 

If you'd like to see a copy of her book, go grab my email from my profile at my blog, The Speculator King and shoot me an e-mail - I'll let you borrow mine.

 

Best Wishes,

 

Thales

Share this post


Link to post
Share on other sites
Hello Everyone,

 

I was searching on Amazon for a trading book to read

 

I saw this: Amazon.com: Street Smarts: High Probability Short-Term Trading…

 

I'm wondering just how good the content is for it to be this high

 

Hopefully someone here has read the book and can tell me what they think

 

I guess if it has content that can help change your financial future, it is worth the price

 

Any input would be appreciated!

 

Thanks in Advance

 

Guess the powers that be didn't want me to make your life easier for you...so just Google it and I'm sure you'll find an archived preview copy of it soon enough.

Share this post


Link to post
Share on other sites
Guess the powers that be didn't want me to make your life easier for you...

 

Methinks the powers that be might be a bit concerned with copyright law and the potential for nettlesome and potentially expensive lawsuits. I used to post eBooks here as well, but I have been advised that it is more prudent to share materials privately among friends than publicly amongst the entire domain.

 

Best Wishes,

 

Thales

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date: 31st March 2025.   Trump Confirms Tariffs on All Countries, Sending Stocks Lower.   The NASDAQ continues to trade lower due to the US confirming the latest tariffs will be on all countries. In addition to this, bearish volatility also is largely due to the higher inflation data from Friday. The NASDAQ declines to its lowest price since September 11th 2024. Core PCE Price Index - Inflation Increases Again! The PCE Price Index read 2.5% aligning with expert forecasts not triggering any alarm bells. However, the Core PCE Price Index rose from 0.3% to 0.4% MoM and from 2.7% to 2.8% YoY, signalling growing inflationary pressure. This increases the likelihood that the Federal Reserve will maintain elevated interest rates for an extended period. The NASDAQ fell 2.60% due to the higher inflation reading which is known to pressure the stock market due to pressure on consumer demand and a more hawkish Federal Reserve. Boston Fed President Susan Collins recently commented that tariffs could drive up inflation, though the long-term impact remains uncertain. She told journalists that a short-term spike is the most probable outcome but believes the current pause in monetary policy adjustments is appropriate given the prevailing uncertainties. Although, certain investment banks such as JP Morgan actually believe the Federal Reserve will be forced into cutting rates. This is due to expectations that the economy will struggle under the new trade policy. For example, JP Morgan expects the Federal Reserve to delay rate cuts but will quickly cut towards the end of 2025. Market Risk Appetite Takes a Hit! A big factor for the day is the drop in the risk appetite of investors. This can be seen from the VIX which is up almost 6%, Gold which is trading 1.30% higher and the Japanese Yen which is the day’s best performing currency. Most safe haven assets, bar the US Dollar, increase in value. It is also worth noting that all indices are decreasing in value during this morning's Asian session with the Nikkei225 and NASDAQ witnessing the strongest decline. Previously the stock market rose in value as investors heard rumours that tariffs would only be on certain countries. This bullish swing occurred between March 14th and 25th. Over the weekend, President Donald Trump indicated that the upcoming tariffs would apply to all countries, not just those with the largest trade imbalances with the US. NASDAQ - Technical Analysis In terms of technical analysis, the NASDAQ continues to obtain indications that sellers control the price action. The price opens on a bearish price gap measuring 0.30% and trades below all Moving Averages on all timeframes. The NASDAQ also trades below the VWAP and almost 100% of the most influential components (stocks) are declining in value.     The next significant support level is at $18,313, and the resistance level stands at $20,367.95. Key Takeaway Points: NASDAQ falls to its lowest since September 2024 as the US confirms tariffs on all countries, adding to inflation concerns. Core PCE inflation rises to 0.4% MoM and 2.8% YoY, increasing the likelihood of prolonged high interest rates. Investor risk appetite drops as VIX jumps 6%, gold gains 1.3%, and safe-haven assets outperform. NASDAQ shows strong bearish momentum, trading below key technical levels with support at $18,313 and resistance at $20,367.95. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • PM Philip Morris stock, top of range breakout at https://stockconsultant.com/?PM
    • EXC Exelon stock, nice range breakout at https://stockconsultant.com/?EXC
    • UTZ Utz Brands stock, watch for a bottom breakout at https://stockconsultant.com/?UTZ
    • FL Foot Locker stock, nice breakdown follow through at https://stockconsultant.com/?FL
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.