Strategic Stock Trading: Master Personal Finance Using Wallstreetwindow Stock Investing Strategies With Stock Market Technical Analysis

While reading Strategic Stock Trading, I was able to use some of the techniques from the book to "read" stock charts better and to make some better trades that resulted in profits. I was also able to close some positions which would have resulted in losses if I had held them any longer. I have been trading options since 2003. I quadrupled my trading account, then watched like a deer caught in the headlights, while my account had a 50% draw down from late 2007 thru early 2009. In the last six months I have inched my way up to about 75% of my top rung. Through self discipline, I have learned to shorten the holding time that I am in a position and have learned to liquidate positions which are starting to look like they want to take a vacation in the sun (head south).While reading Strategic Stock Trading, I realized that by looking at stock charts with a different perspective, like Michael Swanson shows you how to do, trading can be so much easier. Michael shows how to step back and look at the overall life cycle of a sector of the stock market and the life cycle of an individual stock, to see which of the four stages of the life cycle they are in. Strategic Stock Trading shows how to see the trend that a stock is in, even though it may be oscillating up and down and not giving a clear trend in the short term. This oscillating within a range may happen just before the stock breaks out, up or down, depending on which part of the life cycle the stock is at.With thousands of stocks to chose from to trade, how does a person know what to trade to make a profit? The media is full of brilliant ideas and suggestions. When you understand how to look at the life cycle of a stock and use some basic charting techniques, it is easy to see whether or not to take a position on a brilliant idea or suggestion, or whether to be in cash, ready to take advantage of the next direction a stock is going to take. It's not about being able to read Candlesticks, Fibonacci Retracements, Elliot Waves, Head and Shoulder and other patterns. It's being able to understand the psychology of other traders (including professional traders). This is what Michael Swanson is getting at in his book Strategic Stock Trading. Yes, it is a short book and it can be read in one sitting, if you like, but the basic concepts may take you by surprise. It may adjust your thinking a bit and you may become profitably happy from that adjustment. It happened to me and I am looking forward to a happy trading future - regardless of which way the market trends.

Mike does a great job of explaining why people are mainly unsuccessful or only moderately successful when it comes to investing. I have been investing in the market since I received a small inheritance which I am sorry to say was more than a couple three decades ago. I did find some useful information in the book, however, for me it was a bit of a rehash. I had to learn many of the things in the book the costly way which Mike gives away practically for free in the book. I agree with his assessment of why people fail at stock investing, after all it is hard to be alone in your convictions. I find myself regularly at social gatherings and when the conversation comes to investing without fail either the conversation abruptly ends when I discuss what I am investing in or their eyes glaze over since they can not understand. These people at the social events are described to a T in the book as the ones who feel better when everyone is losing money along with them. Thinking for myself has allowed me to make money in the market every year and this is the reason the conversations end at these gatherings, when they find out I am happy and making money. It has taken many years but I have a very similar philosophy about the market to Mike's and it works for me and can for you too. So why did I read this book? The reason is because I read many books for new ideas after all "no man is an island". I then take the ideas I have read and if I agree and see they have merit I implement them in to my investor framework.If you are an investor especially if your returns are less than stellar the concepts in this book will help point you on the path to doing much better. The book is well written and a quick read but you will walk away with more insight in to stock trading psychology.

I picked this book up after spending a little time on Mike's blog. Several of his posts fascinated me. The book is very informative and very easy to read. I started and finished it this weekend. I wanted to learn more about his simple to understand criteria for picking stocks, how to determine the correct entry point, exactly when to exit, and how to use stop losses to protect your investments. I have been investing for years. Mike's book helped me fill the gaps in my knowledge. Sign up for Mike's email letters on the[...] He offers complimentary videos that clarifies how to use stop losses and how to determine when the price of a stock is reaching a turning point. I can hardly wait to begin applying his principals to my 401K investments. I will use his rules to determine which investment options are the best choices for me right now; rather that using the historical performance data published on my 401K's website, Now I can find the ticker symbols and study the charts for myself. My only criticism is that the book was published in 2010 but many of the chart examples are several years old. The principals still apply but it would be nice to have more recent examples.

I have a library of hundreds of books on investing and trading. This book is very small compared to other chunky text book like ones. For investors with average means, I think this book will offer a great set of strategies that can work more consistently and easily. This is probably the kind of book that Wall Street professionals don't like as it offers a very easy approach to the stock market that could make them look stupid and incompetentBuy this inexpensive and easy to read book and learn it well if you're new to investing and trading, as you'll find this small book gives much more than most of other books on this subject, at least it goes straight to the point and saves you time on lots of useless waffles that other authors do that waste reader's time when one just want to get to the point.Highly recommended.

This is a simple and useful book with powerful techniques to help you improve your trading results. The key messages are trade the trend using technical analysis to determine entry and exits and fundamental analysis to select the strongest stocks in the sector. The book also covered money management and crowd behaviour. Definitely worth reading and implementing some of the techniques.

A great read for anyone contemplating buying into the Stock Market. Michael Swanson clearly explains not to lose one's shirt.

This is a great introduction to stock trading. Michael Swansons book allows to understand the rationale of technical analysis through concrete examples of historical market trends. Moreover, it will give you a strategic approach in order to proceed to real stock market investing

Das eBook „Strategic Stock Investing“ von Michael Swanson erhielt ich heute kostenlos - herzlichen Dank. Insgesamt las ich geschätzte fünf Stunden daran. Ich kann jedem, der es sich noch gratis sichern kann, dazu raten, sich das Buch nicht entgehen zu lassen. Es dreht sich in diesem Buch u.a. darum, wie man Marktzyklen benutzen kann, mit dem geringsten Risiko maximale Renditen zu erwirtschaften. Im Prinzip ist es zwar nichts Neues für mich gewesen, aber der Autor, der nach eigener Aussage ein paar Jahre lang einen sehr erfolgreichen Hedgefund managte, erklärt die Sachverhalte sehr gut. Meiner Meinung nach ist Swanson durch Stan Weinstein's altes Buch über TA, das heute nur noch wenige kennen dürften, beeinflußt worden, aus dem er sogar ein Diagramm entleiht. Auch das Auswählen von starken Sektoren und darin wiederum den Marktführern hat Stan Weinstein bereits vor über vierzig Jahren erklärt. „Strategic Stock Trading“ ist somit eher als ein gutes Remake eines guten alten Buches anzusehen. Mir hat es außergewöhnlich gut gefallen und ich kann es empfehlen.