The profit magic of stock transaction timing

by J.M. Hurst

Clean tight and unmarked large format hardcover in lightly shelfworn jacket

Genres: Finance

223 pages, Hardcover

First published January 1, 1970

Reviews

[Matheus Sevaroli · Rating 4 out of 5]

These highlights reflect the passages that stood out to me personally, capturing moments that resonated, challenged, or intrigued me.

"Rules to Maximize Your Profits

However, achieving 100% profit is not guaranteed. The following are elements of a profit-optimizing investment philosophy:

Trading (as opposed to investing)
Maximization of percent per year yield on each trade
Maximization of percent of time invested
Minimization of the trading interval
Optimization of transaction time
Fast and simple issue selection
Fast and simple transaction-timing analysis
Accurate and timely stock price tracking

The purpose of the remainder of this book is to combine these elements into a practical method of extracting the profit magic from stock transaction timing!

Foreseeable fundamental events influencing investor thinking regarding industry groups and specific issues account for 75% of the price motion of stocks. 23% of all price motion is oscillatory in nature and semi-predictable!"

[Greg · Rating 4 out of 5]

This was not an easy book to read, and it's got a silly title, and reading the description it sounds like it should be a 'get-rich-quick' type of book. But I saw it referenced a few times and there is a part of me that is curious to read what I think might be marketing crap over real work. This probably falls into the real work even though I'm not sure if just following what is in this book is really going to be able to time the market as well as Hurst claims that it will. I read this one twice trying to figure some of it out, but I'm not sure if there really is a lot to take away from the details, but the overall idea of cycles that he presents makes much more sense to me than something like Elliot Wave Theory.

[Arvind Balasubramaniam · Rating 4 out of 5]

This is an intense book. I had shelved it 8 months back and now I find myself coming back to it and learning more. It's not an easy read, but I find his viewpoints on cyclicality to be a useful tool in my arsenal. I have not yet completed it and I will likely re-read this a few more times.