The Market Guys' Five Points for Trading Success: Identify, Pinpoint, Strike, Protect and Act!

  Author:    A. J. Monte, Rick Swope
  ISBN:    0470138971
  Sales Rank:    13913
  Published:    2008-01-02
  Publisher:    Wiley
  # Pages:    318
  Binding:    Hardcover
  Avg. Rating:    5.0 based on 27 reviews
  Used Offers:    9 from $16.29
  Amazon Price:    $19.77
  (Data above last updated:  2008-08-11 04:10:19 EST)
  
  
Sort customer reviews by:
  
Show All Reviews on Page      Hide All Reviews on Page
   
  
The Market Guys' Five Points for Trading Success: Identify, Pinpoint, Strike, Protect and Act!
  
The Market Guys' Five Points for Trading Success is based on a philosophy developed by Swope and Monte that focuses on the basics of trading. In fact, they developed their Five Points for Success to keep traders focused on the five points that really matter when it comes to trading: 1. Trade in the direction of the trend; 2. Establish a clear support level so you can determine where you will exit if the trade moves against you; 3. Be sure the pivot point is going up on the day you buy; 4. Calculate your maximum loss as 10f your account value; 5. Take action -- once you buy your stock, place your stop loss order below the support level. These five lessons were developed by Monte and Swope during their own years as traders, as well as through their years speaking to hundreds of thousands of traders (both amateur and professional) during seminars. In The Market Guys' Five Points for Trading Success, Monte and Swope touch upon some of the biggest issues in the field, including the emotional and psychological issues related to trading, technical analysis techniques, and how to find the right broker.
                  Reader Reviews 1 - 27 of 27                 
  
  
Review
Date
Review
Rating(5 High)
Review
Helpful
to:
Customer Review Reviewer
Info
Permanent
Link
Reader Reviews Below Sorted by Newest First
07-28-08 5 1\1
(Hide Review...)  A practical Blueprint to Trading Success - Brilliant Book!
Reviewer Permalink
So many trading books focus on new tricks and an unfounded techniques to perfect your trading system. This book is a blueprint for Trading Success regardless of your Trading System. It's a very practical, common sense guide to helping you be aware of your emotions and implement a more disciplined approach to trading. I am a Financial Planner and active Trader and I think this book is quite possible the best trading book I have ever read! Their podcasts are great too!
(Review Data Last Updated: 2008-08-11 04:11:56 EST)
07-25-08 5 (NA)
(Hide Review...)  Refreshing
Reviewer Permalink
The Market Guys have followed their own mantra in keeping this read simple. The book is very approachable and easily explains the process of trading. I have a background that emphasized company fundamentals and held little appreciation for technical analysis. The Market Guys have helped me to consider the opportunity of simple technical measures to include in my portfolio management. I find there philosophy on 'money' to be refreshing and enjoyable. Thanks Market Guys!
(Review Data Last Updated: 2008-07-28 04:15:50 EST)
07-23-08 5 1\1
(Hide Review...)  Good Entry Level Book
Reviewer Permalink
This book provides a good introduction to short-term stock trading. It doesn't go into great detail, but it provides what seems like solid, no-nonsense advice. The book isn't perfect (for example, some typos and a couple odd pages on good nutrition and exercise), but overall it's a good read.
(Review Data Last Updated: 2008-07-26 04:08:52 EST)
07-17-08 5 (NA)
(Hide Review...)  Fantastic start in fundamentals
Reviewer Permalink
I am new to investing and this book is a fantastic start to showing (with charts) of what to look for and how to start. I look forward to their new book as i would like to see real world examples such as. Here's a trend, we invested because of these signs, and here's how it played out. We lost money or made money.
Great book. A+, thanks guys.
(Review Data Last Updated: 2008-07-23 03:46:10 EST)
05-26-08 5 1\1
(Hide Review...)  Terrific book for a beginning trader!
Reviewer Permalink
I had the good fortune of running into The Market Guys at a seminar recently where I purchased this book and a set of audio CD's. As a beginning trader, I found the information in the book to be invaluable in helping me design my trading plan and set proper expectations.

Rick and AJ really know their stuff and with the honesty, straight forward philosphy, strategy and tactics that this book contains it makes for a great primer for starting traders like myself as well as a great reference guide later on.

I look forward to more books and tapes from these guys.

Dave S.
(Review Data Last Updated: 2008-07-17 15:39:52 EST)
05-26-08 5 1\1
(Hide Review...)  A Change of Mind Set to Trading
Reviewer Permalink
The Market Guys have given me a new approach to trading. I have been attempting to market trade for 20 years and have made significant mistakes. Wished it would have been available when I first started investing.

The tools of Risk management explained herein was a welcomed education. This book teaches several sound principals such as using a trading plan, asking yourself why you are making a specific trade, chart reading, long term investments, when to enter the market, patience, discipline, stock screening, buying and selling with the market, rather than against it, avoiding trading on emotion, etc.

This is not a quick get rich approach, but sound practice. They state that if you can not beat an index fund, trading is not for you. I really liked the realistic approach presented here. This is the first down to earth reading that actually made good sense. The price of the book will in and of itself bring significant return to a new trader.
(Review Data Last Updated: 2008-07-17 15:39:52 EST)
05-26-08 5 (NA)
(Hide Review...)  Market Guys reads well
Reviewer Permalink
I listen to The Market Guys podcast and now with the reading of their book I enjoy the podcast all the more. Thank you
(Review Data Last Updated: 2008-07-17 15:39:52 EST)
05-26-08 5 (NA)
(Hide Review...)  The Market Guys' Five Points for Trading Success
Reviewer Permalink
This is a great book for new investors and for those that need to re-think their strategies. AJ and Rick take you back to the basics. They teach you about risk management as the fundamental requirement to be a successful trader. Their 1% rule and technique for deciding the appropriate order size was very enlightening and simple to understand. I have read other good books that cover technical analysis but this one gives a better overall view of the skills and mindset required to be a succesfull trader. Their key is read the charts react to the charts and trade with discipline.
(Review Data Last Updated: 2008-07-17 15:39:52 EST)
04-29-08 5 1\1
(Hide Review...)  Great Road Map for Investment Success!
Reviewer Permalink
The Market Guys do a great job in this book of spelling out the steps for successful investing. Key in their teachings, is the risk management tools that they provide. They really understand investing on a very high level, and we are lucky that they are willing to share their knowledge with us.
(Review Data Last Updated: 2008-05-27 03:42:35 EST)
04-24-08 5 1\1
(Hide Review...)  This Book Is For People Who Want To Remove All Of The Confusion About Technical Analysis
Reviewer Permalink
I have had the pleasure to meet with AJ, one-on-one, a number of years ago. At that time I had read 15-20 books on technical analysis and was completely confused on which tools I should use. At that time AJ introduced me to his "KISS - Keep It Super Simple" philosophy. I went from loses to gains because he was able to help remove the confusion about trading. He helped me understand even the professional stock traders don't know if a stock is going up or down, but if you have proper "Risk Management Tools" it doesn't matter. In the book, on page 243, last sentence of the first paragraph, "RISK IS A FACTOR THAT MUST BE RECOGNIZED AND PROPERLY MANAGED, NOT AVOIDED ENTIRELY." Risk management is key. All the technical analysis tools in the world won't help you if you don't have proper "Risk Management Tools" A beginner should start out with The Market Guy's book, then read 5-10 other books on technical analysis. After this education, take all that knowledge and come back to "The Market Guy's Five Points for Trading Success and read it again. This will help you understand how the Market Guy's, with their "KISS Philosophy" can teach you how to make money. I would also recommend subscribing to AJ's "Option Oracle". These are not just recommendations he gives to make money, these are his trades he uses in his personal account. Most "teachers" in stock trading don't trade their recommended stock picks. They only make money if you subscribe. Not the Market Guys, their personal money is on the line with yours! Congratulations to the Market Guys for putting all the information they teach at their seminars into their first book!!! Buy two and give one to a friend. I did.
(Review Data Last Updated: 2008-04-30 04:24:00 EST)
04-01-08 5 2\3
(Hide Review...)  Keep it Super Simple!!!
Reviewer Permalink
I'm so stoked I bought this book. I'm already half way through in just 2 days and I'm getting a very clear picture of what I need to know to be successful in the trading industry. I had been reading another highly recommended technical analysis book that gave a million ways to analyze a chart, etc. but no clear path to follow or even a starting point after all that information. The Market Guys clearly define a step by step process in this book, starting with the most important step - establishing a clear trading plan and sticking to it, managing emotions, having a solid understanding of the best tools to analyze charts with, risk management and protecting your investment, and finally putting it all together and taking action. It's all here and they've kept it Super Simple! Bravo to AJ and Rick!!!
(Review Data Last Updated: 2008-04-25 15:24:00 EST)
03-28-08 4 1\1
(Hide Review...)  A Good "How-to" book
Reviewer Permalink
The Market Guys' Five Points to Trading Success presents a complete plan for new and experienced traders alike. Following their direction in this entertaining and easy to read book will increase your probability for successful trading, and help to reduce risk. I read this book in a week, and keep it on my coffee table for quick references.
(Review Data Last Updated: 2008-04-01 20:01:58 EST)
03-27-08 5 2\2
(Hide Review...)  No hype, no sales pitch, just sound advice.
Reviewer Permalink
As a newbie to self directed investing (about 1 year), I have found there are a lot of "self proclaimed" gurus out there. These "gurus" use their book to sell you more stuff or hype some unproven "secret" they have discovered that you "must have". I have found most other books too complicated and heavy on the mathematics or too sales oriented trying to get me to buy more stuff about trading.

What I really LIKE about this book is the honesty of the authors with no sales pitch and no hype. They tell you trading has risk, they tell you the mistakes to avoid and they tell you with clarity and analogies that are easy to understand. While I'm reading everything I can right now, other books talk about MACD, %R, Stochastics, and a bunch of complicated indicators. While the authors cover these technical studies, Rick and AJ stress the importance of keeping it super simple (KISS). It was actually refreshing to read this book and get some common sense trading advice.

Is the book too simple? I don't think so....it's not "basic" level information, more like the wisdom of their experiences. I know this might sound like an over-the-top review of the book and I don't have any relationship with the authors. I just really loved this book and I have read it twice.

I would recommend this book to anyone looking for sound advice without all the complicated mathematics or sales hype that makes your head spin.
(Review Data Last Updated: 2008-04-01 20:01:58 EST)
03-26-08 5 2\2
(Hide Review...)  Essentials for anyone starting trading
Reviewer Permalink
The book is a must for anyone starting to learn trading. It clearly and without ballast discusses five super simple steps for successful trading. It is easy to understand and presents you with many real situation examples. In my opinion it is best for learning end-of-the-day swing trading and also gives you great fundamentals for options trading. I find chapters about defining trends and pivot points especially valuable. Great book for any novice or professional.
(Review Data Last Updated: 2008-03-28 11:49:00 EST)
03-19-08 4 1\1
(Hide Review...)  An excellent book on trading and investing.
Reviewer Permalink
AJ Monte and Rick Swope's book 'The Market Guys' Five Points for Trading Success' provides an excellent foundation into trading and investing, and how to profit from these activities. It is an interesting and enjoyable read, as well as a good primer on how to approach this subject. I found the actual personal stories from their past investment and trading lives to be enlightening. Their writing style is lively and I found myself smiling time and time again at the insights they provided into investing principles. This is a good book that is worth spending time with. I know I shall read it several times.
(Review Data Last Updated: 2008-03-27 00:55:59 EST)
03-19-08 5 1\1
(Hide Review...)  A Must For Your Trader's Reference Library
Reviewer Permalink
After viewing numerous Market Guys' webinars, I looked forward to reading their book.
It did not disappoint. From their emphasis on risk management to their KISS (keep it super simple) approach, it has helped me to become a more disciplined trader.
I highly recommend this book to all beginners as well as traders who wish to re-evaluate their trading style.
(Review Data Last Updated: 2008-03-27 00:55:59 EST)
03-18-08 5 1\1
(Hide Review...)  Simple methodologies for limiting losses and maximising gains
Reviewer Permalink
An excellent book which provides confidence in trading by identifying methodologies for limiting losses and maximising gains. The first book I've found which explains options trading so simply that even my kids understand the concept! Written to help people in an easily readable and enjoyable style by two guys who are clearly open, sincere and honest in what they are doing. I recommend you buy the book and send copies to your friends and family as presents as well - rest assured they'll thank you for it even if they haven't thought of trading yet - it will give them a lot of worthwhile things to think about!
(Review Data Last Updated: 2008-03-27 00:55:59 EST)
03-18-08 5 1\1
(Hide Review...)  The Market Guys' Five Points is a MUST READ for Ordinary People
Reviewer Permalink
If this book were on my night stand in 2002 instead of 2008, I would have been profiting in the latest five year bull run instead of regretting the trial and error methods that led to the predictible losses and accidental gains which left me on the short end of success much of the time.

I now know that investing and trading are not about how hard you work at making the right choices, but how well you manage the risks that encompass the choices you make. AJ and Rick are teaching me the right way to make choices, but more importantly I'm learning to manage the choices I make.

This book is not a read once and be rich. It is a read often and be smart.

Thank you AJ and Rick.
(Review Data Last Updated: 2008-03-27 00:55:59 EST)
03-16-08 5 1\1
(Hide Review...)  The Market Guys' Five Points for Trading Success.
Reviewer Permalink
This tutorial has both made a lot of money for me and saved a lot of money for me. What I like most about this book, aside from making money, is how risk mitigation is taught. If a person follows the advice on risk mitigation, he/she will lose very little. 1% of their account. You can lose on several trades and gain on a few trades and come out ahead.
(Review Data Last Updated: 2008-03-19 18:45:44 EST)
03-14-08 5 3\3
(Hide Review...)  Investment Success
Reviewer Permalink
There are no easy "get rich schemes" to profitable investing. It requires due diligence and common sense principles. Rick and A.J.'s book," Five Points to Trading Success" will give you a world of experience gained by them on Wall Street over the past 25 years. Of particular note is advice on how and when to "take your losses", protect your positions, and heaven forbid, partner with your spouse on investment decisions. It's all about risk and risk assessment, technical analysis, and market psycology. A must for the serious investor.
(Review Data Last Updated: 2008-03-16 22:04:47 EST)
03-14-08 5 3\3
(Hide Review...)  Rave Review
Reviewer Permalink
Although I have not finished the whole book, I have found it very interesting and highly informative. As a newbie to trading this book can help put you in the right direction from the beginning. As an experienced trader it should help one rid themselves of bad habits and simplify their trading program. Based on what I have read I have already changed some of the precepts I had about trading. Being able to accept a loss and divorce your stock is the biggest lesson learned so far. Terminology and in depth explanations of technical indicators are covered in depth.

This is great book and my hat is off to the TMG team.
(Review Data Last Updated: 2008-03-16 22:04:47 EST)
03-14-08 5 3\3
(Hide Review...)  KISS type of Book
Reviewer Permalink
A Great Keep IT Simple Stupid Book
Cuts right to the chase.

These guys are professionals. No two ways about.
Even if you do not trade their exact trades. they methods
are worth 5 times the price of the book.
Thanks
(Review Data Last Updated: 2008-03-16 22:04:47 EST)
03-14-08 5 3\3
(Hide Review...)  Gets to the heart of trading.
Reviewer Permalink
The book explains in very clear terms the entire process of selecting a stock, determining when to buy it according to the charts. It also explains several option strategies that will increase the return on the invested money. The book is one that will be on the reference shelf of all serious traders and investors.
(Review Data Last Updated: 2008-03-16 22:04:47 EST)
03-13-08 5 3\3
(Hide Review...)  Great Book - Better Tool
Reviewer Permalink
This is a very good book. The ideas behind it well well thought out and sound. The presentation of the material is well organized and understandable. If you are looking to getting into investing in the stock market this is a good first step.
(Review Data Last Updated: 2008-03-16 22:04:47 EST)
03-13-08 4 3\3
(Hide Review...)  Great Trade Help
Reviewer Permalink
This book is very much to the point not promissing miracles of any form. Surprisingly very Honest
(Review Data Last Updated: 2008-03-16 22:04:47 EST)
03-13-08 5 3\3
(Hide Review...)  This Book is a Great Addition To Your Trading Library.
Reviewer Permalink
I ordered this book months before it was released and finished it within a week of it's release date. This is a terrific book if you are new to trading or have been trading for a while and need to enhance your trading skills. The authors understand how confusing the markets can be especially in light of the recent levels of velocity. They keep their points simple enough so that they will be understood by readers who have yet to make their first trade yet intriguing enough to capture the attention of seasoned traders. The Market Guys make it clear that the markets reward the patient and disciplined trader. The best way to achieve these two traits is through reading and self-education. One of the most valuable lessons I learned can be found in Chapter 12, "Managing Risk: Learning to Lose Money the Right Way". Everyone looses money in the market but if you do not know how to effectively manage your losses you won't have the capital needed to continue the pursuit of your fiscal objectives. If you have been trading for awhile but have yet to purchase your first options contract then chapters 10 and 11 is for you. Chapter 5 is a must read for everyone, "10 Common Mistakes Made by Traders (and How to Avoid Them!)" If you are wondering if this book is worth the $30 price just think about how much money you lost on your last trade. Chances are the $30 price represents only a fraction of the money you lost on your last trade. Now imagine how much money you will save by better managing your losses after reading this book! Some of you may not have heard about The Market Guys before but I am sure that everyone has heard and probably seen the movie "Trading Places" (1983) staring Eddie Murphy and Dan Aykroyd. What you may not know is the producers of this movie hired The Market Guys to educate the actors in how the markets work and how to portrait their understanding of the markets in the movie. If the smart money in Hollywood is willing to pay big dollars to get their advice I am sure you will agree that the book is worth the $30 price. Happy trading!
(Review Data Last Updated: 2008-03-16 22:04:47 EST)
03-13-08 4 3\3
(Hide Review...)  Keeping it super simple
Reviewer Permalink
The Market Guys come through on their promise to Keep It Super Simple. They demystify trading stocks. The biggest benefit I have taken away so far is to incorporate their advice on managing my risk by making sure I don't expose more than 1% of my trading account on any one trade by using stop loss orders, managing my position size, and identifying support levels. Just minimizing my losses alone will tremendously increase my rate of return. Even when the market goes down and I lose some money, I love looking at a comparison of my account versus the indexes and seeing my account positions stop out and limit my loss, while the market continues to tank. This book and the other products the Market Guys come out with give me the confidence to wade into the water as a first time stock trader.
(Review Data Last Updated: 2008-03-16 22:04:47 EST)
  
                  Reader Reviews 1 - 27 of 27                 
  
  
  
  
  
  

Because the data used to generate this site come from outside sources, VeryWellSaid.com cannot guarantee the completeness or accuracy of the data.
Search VeryWellSaid™
Google
Web VeryWellSaid™
New subjects are added every week.
View Subjects Below by:
* Top Selling
 (click category name, left)
* Top-Rated Top Sellers
 (click 'Top Rated', right)
In the news...  
Dubai\UAE Top Rated
Influenza\Bird Flu Top Rated
Iraq Top Rated
Supreme Court Top Rated
All Books Top Rated
Arts Top Rated
Photography Top Rated
Digital Photography Top Rated
Digital Cameras Top Rated
Biography Top Rated
Business Top Rated
Management Top Rated
Marketing Top Rated
Sales Top Rated
Stocks Top Rated
Bonds Top Rated
Real Estate Top Rated
Trading Top Rated
Commodities Trading Top Rated
Time Management Top Rated
Starting A Business Top Rated
Children's Top Rated
Comics Top Rated
Computers Top Rated
PC Top Rated
Mac Top Rated
Programming Top Rated
Design Patterns Top Rated
.Net Top Rated
C# Top Rated
Vb.Net Top Rated
Asp.Net Top Rated
Java Top Rated
Python Top Rated
PHP Top Rated
Perl Top Rated
Javascript Top Rated
Ajax Top Rated
CSS Top Rated
Open Source Top Rated
SQL Top Rated
Databases Top Rated
Oracle Top Rated
MySql Top Rated
Sql Server Top Rated
IIS Top Rated
Apache Top Rated
Linux Top Rated
Windows Server Top Rated
Project Management Top Rated
HTML Top Rated
UML Top Rated
IT Certifications Top Rated
Cisco Certifications Top Rated
MCSE Top Rated
MCSD Top Rated
Cooking Top Rated
Italian Cooking Top Rated
Vegetarian Cooking Top Rated
Wine Top Rated
Engineering Top Rated
Entertainment Top Rated
Health Top Rated
Nutrition Top Rated
Dieting Top Rated
Sex Top Rated
History Top Rated
Military History Top Rated
British History Top Rated
Middle East History Top Rated
Land Battles Top Rated
Naval Warfare Top Rated
Air Warfare Top Rated
9/11 Top Rated
Terrorism Top Rated
Home Top Rated
Mortgage\Home Equity Loan Top Rated
Cars Top Rated
Car Buying Top Rated
Sports Cars Top Rated
Cat Top Rated
Humor Top Rated
Horror Top Rated
Law Top Rated
IP Law Top Rated
Legal History Top Rated
Fiction Top Rated
Oprah's Book Club Top Rated
Medicine Top Rated
Cancer Top Rated
Stroke Top Rated
Heart Disease Top Rated
Fertility Top Rated
Diabetes Top Rated
Pharmacology Top Rated
Back Problems Top Rated
Menopause Top Rated
Thyroid Top Rated
Pain Top Rated
Organic Chemistry Top Rated
Immune System Top Rated
Mystery Top Rated
Nonfiction Top Rated
Outdoors Top Rated
Running Top Rated
Radio Control Models Top Rated
Guns Top Rated
Parenting Top Rated
Divorce Top Rated
Professional Top Rated
Reference Top Rated
Religion Top Rated
Romance Top Rated
Science Top Rated
Physics Top Rated
Chemistry Top Rated
Astronomy Top Rated
Psychology Top Rated
Science Fiction Top Rated
Sports Top Rated
Teens Top Rated
Travel Top Rated
USA Top Rated
Europe Top Rated
France Top Rated
Italy Top Rated
England Top Rated
China Top Rated
All Books Arts Biography Click Here For An A-Z Index Of All 213 Best-Seller Subjects Business Children's Comics
Computers Cooking Engineering Entertainment Health History Home Horror Humor Law Fiction Medicine Mystery
Nonfiction Outdoors Parenting Professional Reference Religion Romance Science Sci-Fi Sports Teens Travel
In Association with Amazon.com

Cache miss
(not cached)