Monday, June 18, 2007

Secrets of the Trading Pros - Book Review

Secrets of the Trading Pros: Techniques & Tips that Pros Use to Beat the Markets (Wiley Trading)





What Is It About?

The book is an insiders look at how professionals trade the markets. Told in narrative fashion, the book covers such topics as trading psychology, economic releases, and risk management. Overall, an interesting tale from a market insider.


What Did I Get Out Of It As A New Investor?

Interesting read from the perspective of a professional market participant. Two important points I took from the book: know your market and the market will always do that which hurts the most people. Engaging read that does not bore the reader.


The Good News

Thought provoking in that the book helps one think about the markets.


The Bad News

Those looking for a specific plan on how to trade may want to look elsewhere.


The Bottom Line

A worthwhile read for those interested in understanding how to mentally approach the markets.


Other Related Reading:

27 comments:

sharetipsinfo said...

Hi
Your blog is quite nice and informative.
As far as stock market is concerned. Trading in market requires
both time and Knowledge. Without these two factors its impossible to trade .
If you get recommendations from some specialist then also you must keep in mind its your money you
should invest it wisely. Its always advisable to get recommendations from analyst but again before investing you should do your research also.


We suggest you one thing never ever work on any rumour because rumours are spread to meet personal goals.






Regards n love
ShareTipsInfo team

Anamika said...

Indian Stock Market has shown significant bounce back and hence confirming the long term bullish trend. For more read Free Share Market Forum India

shareinfoline.com said...

Dear Visitors,
We provide intraday and long term share market calls daily with Equal Emphasising on fundamental and on technicals aspects.Check gainers losers news penny stock IPO Free tips trading tricks.We Provide Recommendations on Indian Shares & Commodities via SMS.We provide recommendations on all NSE,BSE Shares with Short Term view based on Technical Analysis.The Website also provides information on Local & Interantaional News, Celebrity & Celeb News, Glamour World & Entertainment, Gossip Cafe, Believe it Or Not & Much more.....

With Regards
www.shareinfoline.com

shareinfoline.com said...

ShareInfoline.com is the leading website in India providing recommendations on Indian Shares, Stocks & Commodities.

It Provides all its calls by way of SMS and gives more than 80% accurcay in results

You can also check the Past Performance in our website www.shareinfoline.com

shareinfoline said...

shareinfoline.com is a group of professionals who on a continuous basis do market research
and critically examine each and every market information.

After thorough research and examination, our research teams share their views, Our Chartists with best of their skills make analysis and give us faithful information.

All our analysts have significant experience, which they share with each other.

We believe we have discovered fairly innovative sources of data, that helps to keep ahead to identify trends.

Our research team has more than 10 years experience in these field, they are doing continuous survey about the market and after examining the facts, market news, current market situation,
they come to a particular conclusions and thus give us the current expected trends.

sharetipsinfo said...
This comment has been removed by the author.
sharetipsinfo said...

Get high return NSE and BSE intraday tips, delivery tips and BTST/STBT tips based on technical research.

santoshi prasad said...

Bharti Airtel’s plans to delist its Zambian arm, Celtel Zambia, have hit a roadblock with the Lusaka operator's stock tips, Exchange rejecting its application to delist reportedly for “procedural flaws.
Share trading of Bharti Airtel were at Rs 328.30, up 0.29 per cent on the NSE. It touched a high of Rs 333.20 and low of Rs 323.40 in trade so far. Around 10.65 lakh shares were traded in the counter.. for more details please visit to:-http://www.puntercalls.com and www.insidercalls.com and www.operatorcalls.com (an initiative from www.puntergroups.com )

share tips said...

It was a awe-inspiring post and it has a significant meaning and thanks for sharing the information.Would love to read your next post too......
Thanks
Regards
Share Tips

Stock Tips said...

I like your article and it really gives an outstanding idea that is very helpful for all the people on web.
stock Tips

Commodity Tips said...

Thanks so much for this! I haven't been this moved by a blog for a long time! You’ve got it, whatever that means in blogging. Anyway, You are definitely someone that has something to say that people need to hear. Keep up the good work. Keep on inspiring the people!
regards:
Commodity Tips

penny stocks said...

I have a web site where I give advise on penny stocks and stocks under five dollars. I have many many years of experience with these type of stocks. If their is anyone that is interested in these type of stocks you can check out my web site by just clicking penny stocks. I would like to take a moment to talk about low price stocks not classic penny stocks or stocks under one dollar the term most people most often think of when the word penny stock is used. Their are companies of really decent quality trading under five dollars’ but for every one company trading under five dollars that is of decent quality their are maybe ten of poor quality. So the really big difference between those investors that are tremendously successfull when it comes to investing in low price stocks and those investors that lose enormous amounts of money investing in stocks under five dollars’ is having a great deal of knowledge and experience when it comes to low price stocks’ or having a total lack of knowledge and experience when it comes to low price stocks. Finding quality stocks under five dollars requires a lot more research than finding a decent stock above ten dollars.

buzzingstreet said...

Nice and quite useful blog. Would like to say that stock market hardly gives any second chance. Once opportunity lost means it’s gone forever. Now the biggest question is how to grab trading opportunities every time we trade?
Well here comes the technical analyses handy. Just rely on research rather than your guts feeling and one should stop speculating in the Share market.
Follow few basic trading rules and we are sure one can earn huge amount in the Indian stock market only by trading in NSE and BSE

buzzingstreet said...

Nice and quite useful blog. Would like to say that stock market hardly gives any second chance. Once opportunity lost means it’s gone forever. Now the biggest question is how to grab trading opportunities every time we trade?
Well here comes the technical analyses handy. Just rely on research rather than your guts feeling and one should stop speculating in the Share market.
Follow few basic trading rules and we are sure one can earn huge amount in the Indian stock market only by trading in NSE and BSE

sharegyan001 said...

If you are trading in NSE, BSE, MCX and in NCDEX then let sharegyan give you all stock trading gyan

vishal said...

Thanks so much for this! I haven't been this moved by a blog for a long time! You’ve got it, whatever that means in blogging. Anyway, You are definitely someone that has something to say that people need to hear. Keep up the good work. Keep on inspiring the people!
mcx india,mcx tips,intraday tips

Stock market trading said...

Now find all top Indian stock market analyst with their stock market recommendations at one place

Stock market trading said...

No matter if you are stock market trader or investor, You need to be very careful while dealing in
Indian stock market. Stock
market offers huge returns but many less people are able to stay in profit just think why? Is it
because of lack of share trading knowledge? Well let’s discuss this in this nice blog and see what
everyone has to say about it. Come one let’s start a discussion which will benefit lot of
stock market traders and investors.

Stock Tips said...

I like the useful info you provide in your posts.I will book mark your weblog and check again here frequently.I am quite sure I will learn a lot of new stuff right here! Best of luck for the next!

Mcx Tips said...

This is one of the good articles you can find in the net explaining everything in detail regarding the topic. I thank you for taking your time sharing your thoughts and ideas to a lot of readers out there.

DEWHURST TOULSON said...

know your market and the market will always do that which hurts the most people.
free dissertation examples

SHRISTOCKTIPS said...

Hi,
Global expansion news is once again here and its impact can be felt in almost all stock exchanges.
Mostly all global market are showing bullish phasethat is why we strongly suggest investors to invest
money in NSE and BSE stocksSHARE MARKET FREE TIPS Intraday NSE BSE TIPSat current levels. Investors should make some investmsnt here to get some handsome return By this bullish market
and day traders well this is the best time for trading. Bulk
traders can really make a lot of money in current market situations.

Regards
SHRISTOCKTIPS TEAM

sharetipsinfo said...
This comment has been removed by the author.
QUALITY STOCKS UNDER 5 DOLLARS said...

One fine book review.

Stock investment said...

Great post, what you said is really helpful to me. I agree with you anymore. I have been talking with my friend about, he though it is really interesting as well. Keep up with your good work; I would come back to you.

Share tips said...

This information provided by your blog is very helpful l for New Traders in Stock Market. We too have provided Stock Market Education on our website at http://www.intradaytips.com

Daily Nifty Levels said...

Indian stock market is very huge and profitable market Where every investor earn money with huge profit, for more profit he needs sure shot stock tips, and your blog will help all investor for earn more profit...
mcx tips provider||Data impact in market