Features
- Cover Type: Paperback with 288 pages
- Published by: Atlantic Publishing Company FL February 28, 2008
- Written in: English
- ISBN 10 Number: 160138002X
- ISBN 13 Number: 978-1601380029
-
Book Dimensions:
8.9 x 6 x 1.1 inches
- Weighs: 1 pounds
Review
You could have no prior trading experience and still be part of Alan Northcott s targeted readership The Complete Guide to Investing in Short Term Trading, a modest paperback, packs abundant information within 285 pages, and much of it is beyond the novice level. Because it does invite the uninitiated to come aboard, either as full or part time traders, there s some well-covered ground, such as fundamental vs. technical analysis and the psychology of fear and greedNorthcott offers solid advice on prudently testing mechanical systems, emphasizing the importance of walking forward in virgin data. All major trading styles are examined, from momentum and counter-trending to pullback and volatility strategies, day-trading vs. longer-term trading vs. swing trading and so on. Such market facets aren t that new, any more than any of the other technical indicators Northcott presents. Rarely, though, has the subject matter been imparted in such a readable and thoughtful fashion. --Art Collins, author of Beating the Financial Futures Market and co-founder of the Trireme Capital hedge fund
Reader Reviews
I'll start off with the positives: this book does give a good basic overview of basic short-term trading timelines and styles, and it frequently reminds the reader of several key rules for trading success (for example, developing a consistent trading methodology that emphasizes discipline over emotion). The profiles of successful traders also provide some pithy advice from people with varying backgrounds and perspectives. That said, after reading through the entire book, I find that it leaves a lot to be desired. My main complaint is that despite its claim to being a "complete guide" to trading, the book only covers fundamental and technical analysis at a very superficial level. Beyond that level, the book's best advice is "buy some trading software and figure it out." While it's true that you ultimately need to practice the concepts yourself to really apply them effectively, a few diagrams or concrete examples in the book would go a long way toward helping readers digest the ideas being discussed. [...]
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