Hopelessly outdated

The only redeeming feature of this work is to somehow believe that once traders had to draw their own charts by hand, and could not even think of the possibility of executing a trade within a second.

Wow, how did anyone do it?

12 persone l'hanno trovata utile

Out of date and not worth the time.

The information is so outdated and so many things are related to not having computers that it is not worth your time.

6 persone l'hanno trovata utile

WORTH A SECOND LISTEN

I've been a stock trader for a number of years and I found a lot of basic truths, that even experienced traders, should be reminded of from time to time. At about an hour in length, this is a very efficient way to remind oneself.

2 persone l'hanno trovata utile

Timeless practical idea

Timeless practical idea for traders who want to success.

Readers who are looking for holygrail or get rich quick might be disappointed.

Good information

Great to use for the mental game of stock trading .. highly recommended book …. Learned a lot

Enjoyable education.

Great historical information. Going over many of the developmental ideas in trading stocks, options and into futures. Excellent.

I’m impressed

For it coming as part of the audible listen I’ve come to greatly respect this saga of books and stories. Specially this one being more of the kinda market practitioner I am.

outdated but useful in learning from history

It is a great history on commodity trading and technical trading. This is during the time a lot of things were illegal. So outdated but quite interesting if you're interested in learning from history. I like the idea of trend following with proper risk management in commodities.
1. trade with a trend.
2 cut losses short.
3. let profits run.
4. manage risk.

the defense (how much you are willing to lose) first before offense (how much you wanna gain) strategy is consistent in great traders in this audio.
It is fascinating how history shows that greed can make people lose a lot of money when the risk is not managed well.

Very valuable!

A must hear - more than once! - whether one deals in commodity futures or not.

The realistic assumption of earning 'only' 20-30% p.a. on one's capital and having to expect more losing trades than winning trades overall, may discourage novices. This might be a good thing.

Options are not quite as bad as indicated by several authors. Naturally, option writers have advantages over option buyers as ~75% of options expire worthless. However, these two strategies are rather different. I recommend looking at this rather underrated book by Kevin Kerr: A Maniac Commodity Trader's Guide To Making A Fortune: A Not-So-Crazy Roadmap to Riches.

It would be wonderful if Kevin Kerr's book were available not only as CD, but also as an Audible version. I own a hard copy.

Both publications added to my skills and I substantially improved my trading.

The reason why I gave this audio's performance only 4 stars: Too much time is wasted in between the various 'chapters'.

fun piece of history

It's a history lesson. Not an how to trade book as some seem to think in the reviews.
They are great short story's from traders in the old days.