Thursday, September 20, 2012
Today, a reader posted a nice, detailed 5-star review of "Stock Trading Riches" on Amazon.com:
"I am a short term trader by heart but needed a system to manage my retirement accounts and this one certainly works very well.
I used the excel sheet provided in the book to test dozens of random stocks over the past 6 years and about 80% beat Buy and Hold over the same time period.
The results were good but I needed more proof since the market conditions of the last 6 years did not capture every possible market scenerio.
With the excel sheet , I simply created every possible market movement I could think of and still my results were very good.
This is the kind of system someone with very little investment or trading experience can pick-up and implement right away,that's how simple it is. I found that it will work for retirement accounts and trading accounts.
Many times ,especially those of us who are traders, dismiss the simple for being ineffective but the truth is the more complex the trading system the more likely it is to fail over time.
And oh yeah-what I love most about this book-he gets right to the point and shows you how the system works. No beating around the bush for a 100 pages."