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Street Smarts: High Probability Short Term Trading Strategies Hardcover – Jan 1 1996


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Product Details

  • Hardcover: 238 pages
  • Publisher: M. Gordon Publishing Group; 1 edition (Jan. 1 1996)
  • Language: English
  • ISBN-10: 0965046109
  • ISBN-13: 978-0965046107
  • Product Dimensions: 28.6 x 22.1 x 1.9 cm
  • Shipping Weight: 794 g
  • Average Customer Review: 3.0 out of 5 stars  See all reviews (9 customer reviews)
  • Amazon Bestsellers Rank: #612,400 in Books (See Top 100 in Books)

Inside This Book (Learn More)
First Sentence
In a day when global money managers am given increasing attention and funds seem to dominate the market arena, it might be difficult to imagine that the small speculator could have much of an edge. Read the first page
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Customer Reviews

3.0 out of 5 stars
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Most helpful customer reviews

Format: Hardcover
First of all, I noticed many other reviews written that slagged the book badly. Perhaps they had high expectations in terms of what riches this book could bring them. However, it's clear those readers have the wrong idea.
There is no holy grail or single book that can get you rich. The authors of this book repeatedly say that the strategies are not meant to be mechanical - suggesting that they require flexibility, and the ideas are there to incorporate into your own trading.
I personally would not place much weight on whether this book will make you money or not simply by following the proposed trading 'systems'. Traders are supposed to grow and develop, not copy off some book robotically and become rich.
The book exhibits excellent common sense and simplicity which sometimes traders forget. It will offer you some clarity if you become confused or frustrated with trading. It will also offer the more experienced traders some alternative perspective.
There is probably nothing new in this book that you cannot find elsewhere - but this is probably true for all other trading books.
I do think this book is a bit overpriced - hence 4 stars. On the other hand, I do believe this book is an excellent book in terms of clearing the bunch of mess that is out there with respect to trader education. Simplicity works when applied by the prepared.
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By YT on May 16 2006
Format: Hardcover
I bought this book, hoping that I wouldn't be disappointed by the good reviews and I wasn't. Like the title says, it is a short term high probability strategy book and if you have a programmable software, like TC2000, amibroker or metastock, you can certainly program a lot of ideas from the book into your software and scan for the setups on a daily basis and cherry pick the best setups. That's how I used the book and I must say that not all the strategies will suit your style, but you should be able to find a few good ones which fit your trading style and well worth the book value.
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By A Customer on Feb. 9 2004
Format: Hardcover
I applied some of the techniques presented in this book and lost big time! Either the methods described in this book are outdated or more likely the author has sold me a bill of goods. More than likely it is a combination of the two. It's amazing how we men accept on face value a claim by a blonde trader whom I now learn makes more money promoting books and seminars than she does trading. Go ahead check it out by going to the CFTC site and type in the author's name and see that she was forced to shut down her fund since she lost more than half the funds. Caveat emptor is alive and well.
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By A Customer on Feb. 7 2004
Format: Hardcover
There is no correlation between the price of an item and its true value. This book is an obvious example. It is the most expensive book on trading I have ever bought. When I researche the techniques described in the book EVERT ONE failed to live up to its hype. Caveat Emptor!! Do ourself a favor and prevent having to return this book since it certainly does not live up to its hype. Buy a set of Larry Williams books instead. You will learn much more about markets and you will net save money.
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By A Customer on March 1 2004
Format: Hardcover
This book is seriously the best trading book I ever read. I've owned it for 5 years, and I still use it for reference. The strategies worked in the go-go 90's when an idiot could trade profitably and the strategies worked in the horrible bear market of 2000-2003. Good stuff. Well worth the price. You get what you pay for. I've yet to find a $30 trading book where I was able to use any of the information to trade profitably.
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