worst trading books ever

Quote from hypostomus:

Often a single sentence of his implies an entire paragraph when you consider it carefully.
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Hypo,

I have tried to read/ scan the book a few times, partly due to your comments on ET about this book. :D

Now I can remember there were a couple of reasons for me deciding to buy the book.

1. Only a few trading books specialising in swing trading were/ are available then and now. This one would be relatively the best among them at that time.

2. I had to buy the book in order to read and find out if anything new or useful from so many many charts/ terms/ contents/ concepts that are discussed in the book - a very smart marketing tactics, imo.

Q
BEATING THE GAME (p. 406)

The odds stand firmly against long-term trading success. Many novices set out on the path to market knowledge each year. Most soon realize that swing trading presents the most difficult challenge of their lives. This simple fact sends the majority to the locker room with their tails between their legs. But a handful of serious aspirants stays in the game long enough to learn successful execution skills. Will you be one of the winners or one of the losers?
UQ

:confused:
 
Quote from smilingsynic:

There are so many, you can't slam just one.

I consider these HIGHLY OVERRATED:

1. Daytrading into the Millenium, by Michael Turner. $60 retail. I bought it for $2.98, and that was too much.



LMFAO - Agreed, very disappointing given the high price tag. it's funny how that book retails for over $60 but you can buy it online for under $5 bucks. I bought a copy for $0.99 on Traderslibrary.com. Pretty much worthless except for the one chapter on the S&P futures contracts....but for 99 cents I can't complain.


Martin Pring - Breaking the Black Box.
I like good old Marty but let's face it, he is getting a little greedy by rehashing his same writings over and over again but under new titles. The book was pure garbage with a nice title

Any David Nasser book - does he make most of his money trading or writing books??

Secrets of the SOES bandit - You can buy the book for 0.99 cents online, nuff said
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Professional Stock Trading by Conway And Behle.
+
Smarter Trading by Perry Kaufman

In Both the books Writers try to complicate trading which in reality is quite simple.
 
Quote from smilingsynic:


4. Delta Phenomenon, by J. Welles Wilder. Market astrology. Way overpriced.
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This book is just an insult. That he obviously made lots of money with it is telling you something...
 
Quote from ehsmama:

Professional Stock Trading by Conway And Behle.

In Both the books Writers try to complicate trading which in reality is quite simple.
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wow. This thread is about the worst trading books ever, don't know how you fit that one in there

this book is about systems trading with some pretty good models included in the book.

how is this book complicated??
 
Quote from mogul:

wow. This thread is about the worst trading books ever, don't know how you fit that one in there

this book is about systems trading with some pretty good models included in the book.

how is this book complicated??
More...
ok,
To give you one example on how Perry Kaufman tries to mislead readers by showing that he has stumbled onto something Great with his stupid discovery of Adaptive Moving Average (AMA) in the chapter called 'SMARTER TREND FOLLOWING'.

Look at the Fig 8-5 on Page 142. Here he compares his amazing 10- day AMA with 30 day SMA ha claims - Look10 AMA gives signal much before 30 day SMa gives.

Why the hell did he not compare 10 Day SMA with 10 AMA.
If you do that, you will know there is hardly any difference.
So, he is presenting misleading Charts to fool (At least that is what I think).
I can give you more examples of where he teaches wrong trading practices like in the chapter Profit- Taking
 
Quote from ehsmama:

ok,
To give you one example on how Perry Kaufman tries to mislead readers by showing that he has stumbled onto something Great with his stupid discovery of Adaptive Moving Average (AMA) in the chapter called 'SMARTER TREND FOLLOWING'.

Look at the Fig 8-5 on Page 142. Here he compares his amazing 10- day AMA with 30 day SMA ha claims - Look10 AMA gives signal much before 30 day SMa gives.

Why the hell did he not compare 10 Day SMA with 10 AMA.
If you do that, you will know there is hardly any difference.
So, he is presenting misleading Charts to fool (At least that is what I think).
I can give you more examples of where he teaches wrong trading practices like in the chapter Profit- Taking
More...

I haven't read that book, I was referring to "professional stock trading"
 
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