Jim R.Maywood, NJ
To those who say "why tell others your good stuff" - I do agree with this philosophy - and that's why I am not telling you why I think many of the criticisms are mistaken. ;)Usable information and trade set-ups. Here is what I will say right off the bat. There is too much pumping of Pristine and it's traders in this text. Additionally, the editing was sub par, I usually can pass on a few things, but when the author is using $11 per share on one page and then the stock is at $14 on the second page it is a little distracting. Some indicators were also reversed which is just careless, especially for the price of the book.
With that said, the book has some good trading psychology, explanation and set-ups. What I really liked is there is a good explation of basic chart reading, along with entry, exit and stop-loss targets for various trades. There are many books on the market that really fail to define these basic tenets of stock selection for trading. I would say all in all that this book will make you money, although not as much as it would have two years ago.
Now, let's comment on the very positive as well as very negative comments regarding the book. The negative comments appear to be from "well seasoned" traders with 10-20 yrs experience, that emphatically emphasize the phrase "I'm a succesful trader". Well, it is my experience that if you are really succesful then you would hardly gloat yourself on this attribute. Much less buy a trading book IF you are indeed a 10-20 yrs experienced trader! Now, that's hard to swallow. So, here's my grain of salt on these comments.
I'm very open to new ideas and this book will provide the novice trader with simple and effective ones. Now, let's make it clear! This book, in any WAY, SHAPE or FORM will make you a Mastertrader from day to night. This is a hard road my friends where 95% of people fail to finish! What this book gives you are bit and pieces of a never ending puzzle that must be assembled by YOU and only YOU.
My other comment is that most people fail to mention that 99.5% of the books out there about trading, DO NOT provide entry and exit strategies and simple trading strategies. This book does! There is a very fine line between technical analysis and trading. You can know everything about TA, but to put it to work on the trading arena is a VERY VERY different story.
I must add that I recently attended a seminar offered by Mr. Capra, and I have to say I was absolutely satisfied by the course material. I also realized that the book does not even scratch the surface regarding trading. As for the comment that I read on this site, that Velez and Capra do not trade, I have to say that this is simply without foundation, and at best a comment made out of bad faith. The two day seminar pretty much showed me what Capra knows, and let me tell you, he knows a lot. But what I saw was a whole bunch of ill-prepared and dreamers hoping to make big bucks from day to night on the world of trading during the seminar. I then soon realized that most of the bad comments might come from these individuals that failed in the trading arena after reading the book or attending a seminar.
