Trading Within The Early Entry Points for Breakout Traders provides a simple trading system that anyone can use to start making money in the stock market. With over twelve years of investing experience, T. Livingston has traded under many different market conditions. He has developed a simple, yet effective method to trading in the stock market. Finally, in this book, for the first time, he is revealing all aspects of his breakout trading system. Filled with over thirty charts, this book • How to Analyze the General Market • Which Stocks to Buy • Early Entry Points for Breakout Traders • Position Sizing • When to Sell • How to Handle Gap Ups, Gap Downs, and False Breakouts For less than the price of a movie ticket, this book affords the reader with an easy, yet powerful trading system!
One of the first things I liked about this book, is the “notebook and flash cards” feature. This allows you to take notes while reading this book, which is extremely helpful. The author covers a variety of topics, from which stocks to buy, when to sell, and he even offers different scenarios. There are also diagrams included, along with links to online resources. This is a very helpful guide for anyone seeking to navigate the world of trading. I like the way each chapter is laid out, and the “key takeaway” included at the end of each chapter. The author did an excellent job of explaining trading and I would definitely recommend this book.
I really enjoyed this book. At only 60 pages, it offers traders a wealth of information in a way that is easy to understand. As someone who is new to trading, it definitely helped give me a much better understanding of what I am getting myself into. Livington provides plenty of graphics to help you understand what he is explaining and provides links to excel sheets that really take this book to a new level for me. Even though I’m new and therefore probably likely to think any easy to understand concept is the bees knees, I shared the concept with my father who has been trading for decades now and he agreed that it provides for a neat, new strategy he will be trying out as well!
First,this book does not have dark mode and the fonts are way too small. Eyes definitely hurt. Minor complaint is that there isn't actually a box anywhere in this book. No mention of bbq band for example, or other BO type indicator.
The graphs read more like a break out from trendlines.
The strategies for breakout are sound but I find darvas' book is better and worth the price.
Still , For a free book this is still ok and worth the 30 mins it took me to finish it (with notes).
Btw, the authors other book is way better although it's all about swing trading.
Its a short 63 page book that introduces searching for buy signal within a box of a larger box.
The traditional break out method used by Darvas is using a higher breakout price level. The author introduces finding a smaller box within that traditional bigger Darvas box and buy when the price breaks out. There are of course, other conditions like looking out for tight, tiny candles with low volume and ensuring the general market is not bearish. By buying earlier, there's higher chance of profit. Stop loss, position sizing and trading psychology is also well explained in just a few pages.
This book had some good moments and one questionable moment where he (Mr. Livingston) talked about hold your position during a earnings release. I don't agree with this philosophy, I've loss a lot of money holding through earning. This feels like gabling to me. I usually enjoy his books.
If you like keep it simple principle, then this book is for you. Very easy read, explained the core concepts in an elegant way. This book will definitely help you to become a better trader..
Nice concept...but different . Blue box concept is different. Will backtest this box strategy in my existing one. Hopefully the backtesting will clear any doubts
The author is consistent with the guideposts he espouses in his other book, Swing Into It. That must mean the trade rules he discusses work for him. Wortth your time!
This book is the real deal! Every novice trader is lured into filling their charts with a large number of indicators, many of which cause more confusion than anything else. The best indicator that you can use is price action which is the basis of this work, together with a few moving averages. As soon as you do this then things become a whole lot clearer.
The author goes into this technique with numerous examples which are clear and concise. There's no waffle here, the author gets to the point and shows you how to trade. When you have this under your belt then you can apply the same principle with minor tweaks to some shorter time frames. Learn the technique and then you'll be on your way to a profitable trading career.