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Ira,
I was not scoffing. I was giving an honest assessment of the book but
perhaps my brevity gave a misleading impression. I like the fact that
things are kept simple in this book and if you have no experience of markets
or trading then you may see things of interest. But the book is merely a
commentary on one days trading that some will fine interesting but it is
nevertheless nothing more that a collection of examples on how to use
channels and momentum. I quote from the book itself "This manual is for
basic education". If you already posses some basic trading books then Mr
Trivettes work will just repeat (albeit with many more examples) what you
have read before. I have developed a more than full armoury of techniques
in my 10 years working in these markets and my point was that this book adds
nothing to that and is not worth $29. The title made me feel that it would
be a discussion of the S&P market but what is discussed could be applied to
any market. The title also refers to a "Professional look" at the S&P
market. In this too it fails. Whilst it is undoubtedly written by a
professional it does not, in my opinion give any insights useful to the
professional trader such as myself. My recommendation was to borrow the
book from the library and save your money. In fact if you sat in the
Library for 30minutes you would have the content covered and save yourself
the loan charge.
Lastly I think that anyone reading this book thinking they can trade off
1minute charts in even normal markets never mind the markets we have had for
the last 6 months will I believe be severely disappointed.
I hope that clarifies things.
Regards
Philip
-----Original Message-----
From: Ira <ist@xxxxxx>
To: Nixon(MLS) <mbjp57@xxxxxxxxxxxxxx>
Cc: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: 04 December 1998 16:14
Subject: Re: Basic Commodity Options # 04
>Sometimes the simplest solutions are the best. It all depends what you are
>looking for. Under some circumstances, while day trading I will use that
exact
>system to enter the second leg of a move. Don't scoff, learn and add it to
your
>arsenal of tricks. Good trading. Ira.
>
>Nixon(MLS) wrote:
>
>> I have the book on daytrading which I got for $19 as traderspress had a
>> discount as I was buying something else at the time. I think full
price
>> is $29. This is a very slight book which despite the impression given
by
>> the title is most definitely for beginners. He goes through one days
>> trading using a host of 1min charts, practically one on each of the 68
pages
>> so that there is minimal text. He uses trendlines and stochastics and
that
>> is pretty much it. I would recommend saving your money and borrowing
this
>> from the Library instead.
>>
>> Just my opinion.
>>
>> regards
>>
>> Philip
>>
>> -----Original Message-----
>> From: OatTrader@xxxxxxx <OatTrader@xxxxxxx>
>> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
>> Date: 03 December 1998 21:21
>> Subject: Fwd: Basic Commodity Options # 04
>>
>> >Here seems to be an interesting way to learn how to trade options by Don
>> >Trivette, and it is FREE for the first two segments and very affordable
for
>> >the advanced course. Everything I buy of late, costs $150 to start. I
>> have
>> >written to this guy several times with questions and I have gotten
>> responses
>> >the same day. He also just wrote a book on daytrading which I just
>> ordered,
>> >I'll let everyone know my opinion when it arrives.
>> >
>
>
>
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