The idea behind The Lunchtime Trader is simple: If you are working 8-10 hours a day for someone else, making them money, are you at least spending 20 mins a day during your lunchtime ensuring that you are creating wealth for yourself and your family. You are there anyway, you probably have access to a computer and the internet, so why not use the time while munching on your sandwich?
I have to say I didn’t expect it to take off as much as it did. In one year, the book has been translated into Italian, Polish and German with Spanish on the way, and 20,000 copies downloaded.
The markets in the meantime have done what markets do, which is to change. Interest Rates continue to be at historic lows (generally good for stocks) with talk of them rising again; Gold (a play on the rising dollar), Silver and Oil continue to fall, allowing us opportunities to get in at lower prices using VCA (see Chapters 5-7); QE seems to have slowed down but if things turn bad no doubt will resume again; stocks are starting to move more sideways, allowing us good buying and shorting opportunities; China is the talk of the year, with their economy slowing (but still stronger than everyone else let’s not forget) and their currency becoming one of the world’s reserve currencies.
And as ever the more things change the more they are the same for a Lunchtime Trader, who knows how to take advantage of up, down and sideways markets.
I have updated the charts and ensured that the content is simple and fun to read. This is a subject that just doesn’t need to be boring or difficult.
I hope you not only enjoy it but take action on one of the many demo accounts or virtual traders out there, and I hope we get the chance to meet in person at one of our events around Europe.
As a busy person who is new to investing, I found the cover of the book and the title very catchy and it appealed to me. After all, it is a short book and I will soon find out if it is worth its money or not.
I have mixed feelings about this book. On one hand, I have learned really interesting strategies (some I knew but superficially) and on the other, the author has dedicated 30% of the book to sell his trading education and services. I would only read the middle section. The first part was an introduction to why you should be trading (well, I do already and I know the benefits), the second half was about 4 interesting strategies shown below. The last part was a long sales pitch you should safely skip.
1- Pound (or Dollar) Cost Averaging 2- Value Cost Averaging 3- Buy & Sell Zones 4- Buffalo Strategy
I found them very useful and I have tweaked 2,3 and 4 to fit my personal investing style and created my own modified strategy which is a hybrid of the 3.
It was not a "read in vain" as those 4 techniques are worth getting introduced to, and understanding in simple terms.
No complex explanation. The author did deliver what he promised which is a simple explanation of his trading strategies that anyone can understand.
The book is also short and to the point but could be shorter without the fluff and sales pitch.
I have taken enough notes to apply some of his recommended techniques so this was still a good buy and does impact your daily routine as implementing those strategies take little time as the title of the book indicates.
Overall a 3.5 rating and was worth the read still.
This was a good read packed full with useful advice for beginner traders. It will help to take trading more seriously and help take trading abilities to the next level on to financial freedom. All the thanks to Investment Mastery and to Marcus de Maria.