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I understand your position and comment better now. A full explanation is always
better. You are correct in your analysis and if someone tried to trade the SnP
with this system they would lose far more then the price of the book. My only
point was that every little bit helps, if you know were to use it. Have a good
week end. Ira
Nixon(MLS) wrote:
> 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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