Trade Like a Stock Market Wizard: How to Achieve Super Performance in Stocks in Any Market Hardcover – April 11, 2013

This was a good read for sound advice on a particular trading strategy. I took 7 pages of hand-written notes and I have been trading for 3 years with some serious professional education. Some points: specialize in a particular trading style; buy on the uptrend, not hoping for a bounce off the bottom; 5-point Specific Entry Point Analysis, which mixes fundamentals (earnings, revenue, new products/services, relative strength) with chart analysis (technicals; cup and handle, high tight flag), good description of the 4 stages of a stock cycle (always trade in stage 2); the fallacy of P/E (quality stocks cost more to buy so have higher P/E); some risk management, but read Think and Trade Like a Champion for that and position sizing. "Think and Trade" will be a very quick read if you read them back-to-back as 80% is a review/copy of the first book but not as much fundamentals background (both worth reading). I like and agree with most of the content. I don't agree with the trailing stop loss placement advice as there is scant mention of support/resistance technical analysis. I also don't agree with who he thinks are the market participants for a a certain given volume, which is important to know who you are trading with. For example, a 500% spike in volume is not buy-side institutions (BlackRock, Fidelity, Vanguard) as is taught in this book. But I like the discussion about retail trying to get back to break even and how volume drops off before a breakout (shakeout and supply/demand). Also, MACD might be overused by retail and laggy to be of use anymore for entry/exit signals.

After exploring numerous books on swing trading, I can confidently say that this one stands out as the best I've encountered. The chapters dedicated to risk management are particularly exceptional, offering insights that have truly transformed my understanding. If you're serious about improving your trading skills, this book is a must-read!

As most other traders on the globe, I myself have read numerous books on finance and trading in particular. Most of the reputable books written by well known authors in the trading realm. I came across Mark's book because I have subscribed to his tweeter feed. At first I wasn't sure if he was just always promoting his book to compensate from the sales. But I did more research on him and his background. On his website he mentions his annual event that he hosts, and last year he had David Ryan as guest speaker at that event. If you haven't heard of David Ryan, please read Market wizard by Jack Schwager. I said to myself if David Ryan had written a foreword to this book I should at least read it and evaluate it's content. I must say I was very impressed.Literally, this book may become a classic, he really explains what is vitally important to look for when searching for good companies to trade in. I found that the last two chapters in the book are the most important and he emphasizes on the importance of risk management. He brings clarity on the stop loss rule and the mathematical results if your stock is 10% below your purchase price and you haven't sold it. Mark mentioned in a podcast on @don'ttalkaboutyourstocks, that he had wanted to add chapters based on when to sell to keep most of your gains,but his publisher said it would be too much content. I realized after many of my trades, that the selling part is actually more important than the buying part. Well, he pointed out that if he were to write another book he'll add that in.For those of you contemplating on purchasing this book, at the price that it sells for it is worth the investment. It will save you the cost of the book and more if you apply his concepts. I would imagine that this book could be good for beginners, but only after you have read William O'Neil's book: How to make money in stocks, first. Basically Mark brings clarity to many of the questions in that book.Congratulations Mark on a well written book.