Want to trade?  THEN BUY THIS BOOK!!!!
359291
If you have EVER traded, wanted to trade, or thought about trading, you need to read this book!!  There are SO many basic principles of trading included, that I guarantee if you pay attention, these thoughts will make your trading better.  The author (a very successful trader himself) takes you through how things work in the trading firm he co-founded, and how they train their new traders.  The book is a fun read with many stories of how trades played out, as well as very educational stories of traders that made it, and those that did not, and the mistakes they made.

Love the markets?  Love trading?  THEN BUY THIS BOOK, YOU WILL NOT BE SORRY!!!

-Brian from Houston
2265138
A fantastic book on trading and investing. I put those words in proper order because this book is much better for a trade and that is great news. Know what your getting into. The framework that Stan writes about and gives specific examples is simply incredibly valuable. I would recommend this book to beginning, intermediate, and advanced traders.
1882188
Quite simply, this book is all you will ever need to trade equity options.
The fundamentals are clearly explained and each trading strategy is amply illustrated with the help of many examples and associated  graphs.
If you buy this book and don't understand its contents, then you  must infer that options trading is not for you.  On the other hand you will  learn quickly why options trading puts you at the top of the food chain  (75% of option expire worthless, so why buy them when you can sell them?)  The only downside to this book is that you come out the other end feeling  like an expert in the subject, engendering you with a false sense of  experience.  One or two trades should put such arrogance in its place.
3688290
Lots to say about Andrew's book. I have spent lots of money and time reading several other trading books, both technical analysis books and day trading focused books. Andrew's book has been by far the best. It's an easy read, and whether you are a beginner, intermediate, or even a seasoned pro, I think you will find some concepts and ideas that will greatly improve your trading. Prior to purchasing Andrews book (and subsequently joining his chat room), I was on the verge of giving up. I have spent countless hours studying other styles and methods and I was never able to "Get it". Andrew explains everything in excellent detail. Follow that up with the chat room and you are golden. Andrew is the real deal, his book is solid and you NEED to have it on your desk as a reference if you are a serious day trader.
4834429
I can't explain the level of information in this goldmine of a book.  I trade every day and find this book the most useful guide I have read to date.  The information on listed trading as well as the psychological explanation of indicators has opened my eyes to theory and practice that know one has been able to explain.  I sent three copies to trading friends as gifts. Great work here!
356607
As a fellow author of a Forex book "Splitting Pennies" I can highly recommend this book!  Although it may not be for 'everyone' - for traders looking to understand Forex better or develop a strategy - this book is a must read.  Well done!
3009989
Think back to all of the trading books you've read before.  How many of those were written by someone with 30 years of trading experience?  How many of them were written by someone who has an audited, month by month track record going back to the 1980's?  There are not many traders who can match Peter Brandt's longevity and performance, and fewer still take the time to distill their trading technique into the form of a book.

Despite this, I'm not surprised at all of the negative reviews this book has received.  This is because the book does not provide what new traders crave:

1) New traders crave the satisfaction of being right.  Brandt admits that he is only profitable 30% of the time.
2) New traders want to reward their ego by predicting what will happen next in the market.  Brandt repeatedly affirms that charts are NOT a prediction tool.
3) New traders crave consistent, steady returns.  Brandt admits that his returns are terrible most of the time, with only a few trades each year adding to his bottom line
4) New traders focus mostly on entering a position.  Brandt is correct in explaining that entries are the least important factor of a trade - risk management, position sizing and exits are far more important
5) New traders crave a system that will make them rich quick.  Brandt explains that he is in "hog heaven" if he can generate 20% a year.

While new traders will surely be disappointed, this book outlines the realities of trading in the most candid, open and honest way that I have ever encountered in a book.  Despite Brandt's outstanding track record averaging 60%+ a year, he is incredibly humble, exactly the opposite of all of the charlatans out there who can't trade, yet always seem to be bragging.

This book, along with Jack Schwager's Market Wizards, and Michael Covel's Trend Following, are an absolute must read for traders of all levels.

--->Danny Merkel
--->Charting Trends Blog
4777261
I have read many trading books that cost so much more than this one.  This book is a no brainer, just buy it and digest it.  It isn't just a fluff piece that is only worth the measly price of the kindle version.  It has given me a new insight into the meaning of volume in relation to price action.  If you have never used volume to add meaning to the price action, you will be able to add a complete new dimension to your trading.
1725571
Bella,

I just finished One Good Trade.
I enjoyed reading it and learned a lot.
Thanks for taking the time to share your wisdom and your unique perspective.
I like the way your book gives a very real glimpse into the world of SMB Capital.
This is fascinating for an aspiring trader from the mountains of NC such as myself.

The lessons that struck me most were:

a. the value of the One Good Trade process
b. the importance of always reading the tape, from sensing momentary signals to being aware of shifting trends, and adjusting your trading style to the current environment
c. the steady development that comes with regular record-keeping, self-evaluation and conscious improvement

I am working on incorporating these lessons into my trading more as we speak.
The One Good Trade concept, in particular, is very powerful.
It has helped me to slow down my trading and focus on taking fewer, better trades.
I recognize that this concept is one that can pay dividends for decades to come.
I love finding core concepts like this that I know I can rely on over and over again.
Thanks for pointing me in the right direction toward this one!

Great read.  You can't go wrong
1466431
I own the book as well as the set of CDs and have listened to and read over again.  I can't say enough good about the content and I've read lots of trading books. You'll get more than your money's worth on the psychology of trading, money management and trading tactics. Definitely a keeper!
2281285
Thank you for the information! In this economy, you have to find better ways to make money. This is a great read. This was such an interesting new twist to trading. The system taught in this book uses a sound money management principal but in a way I've never seen used before. It goes against typical gambler logic but makes a lot of sense. Looking back at my own trades, I can see that I've been leaving a lot of profit on the table! This book was a total gem and I'm looking forward to incorporating this system into my own trading.
2849952
This is a great book on forex trading, and has helped me progress into profitable trading after many months of trading. Grace Cheng does a good job explaining how the forex markets work before delving into trading strategies that made a lot of sense, something that is easily overlooked by even people who have already begun trading. For those who are trading and haven't read this book, get this book, pronto. Hands down, this is the best forex book I've ever read and I have read almost all of them. Excellent must-read!
4678707
I'd recommend this book to anyone that has traded a few options in their past.  The title sounds hokey but I skimmed thru the book at the bookstore and decided to buy it from Amazon.  The strategies, writing style, and explanations from the author are outstanding.  He shows you some solid strategies, explains them thoroughly, and looks at the trade from every conceivable angle so you'll know what your maximum profit or loss might be.  He also show you how he computes and uses probabilities before he selects an option to trade.  I got a lot out of the book and am paper trading his strategies as I write this.  +++
1078043
Andrew's book is amazing. This is the first book that I read which actually described the social mechanics of the market from a day trader's perspective. Instead of simply saying "use this moving average or that" the book actually describes the social mechanics of why it is important.

After putting this book down I had an intuitive understanding of the mass psychology that drives the market and how to use it to my advantage.

This is the best trading book I have ever read. It is specifically perfect for someone who is just starting out and needs to know information about platform choices, broker choices, hotkeys, risk management, strategies...

Excellent!

Thanks,
Kevin & Lulin
2745393
Honestly, I bought the book thinking it was something else but I was completely blown away by it. It changed my entire view of the markets and I've been using his techniques for over 18 months now to execute successful trades. I knew nothing about technical analysis and wouldn`t have even known where to start before I read the book. It's a great introduction to technical analysis that is detailed yet straightforward. He explains his system clearly and then you live and breath it at the end as he walks you through his trades. I recommend this book to anyone who is interested in technical analysis but doesn't know where to get started. It's a much easier tread than Edwards and Magee and gets a novice 80% of the way there so they can decide if they want to learn more (which I did). It also mixes the techniques in with his actual trades which I have never heard of before. Can't say enough good things about it. Hope he writes another.
2768713
The best book in trading I have ever read.!  love it. One of the best writing efforts on trading. KM
4833105
Finally a book that stands out from many trading books that I have read until now.
Mr Willain' teaches us that not only the technical setup is important for maximizing portfolio returns, but also what he calls the Pyramid : the general market +  the sector +  the stock strength . Instead of focusing on one single indicator, Mr. Willain's methodology focuses on choosing the best stocks before doing a trade.

I have tried the Excel Addin that comes with the book and its great for computing the potential risk-reward of a trade......before doing it !
Even though it seems that I one needs to play some days with it before becoming fully accustomed with all the numbers it provides.

I recommend it highly to all the traders that are past the beginner level !