Ever wish that there was a simple road map that you could follow to learn how to trade profitably?
"Rubber Band Stocks" is a simple but powerful way of trading stocks.
This strategy is easy to understand and easy to trade.
Warren Buffett is famous for saying, "You need to be fearful when others are greedy, and greedy when others are fearful."
This sounds easy in principle, but how exactly do you do it in real life?
This book will will show you how, step-by-step, in clear and easy-to-understand language.
Are you a complete newbie?
Or a trader who has blown up his account and is ready to start again?
Or just someone who is curious how to make money from home, using just a laptop computer?
If so, this book is for you.
Amazon best-selling author, Matthew Kratter will introduce you to all of the tools that you need in order to profit from market oscillations.
You will learn everything you need to know to find the best buy signalsHow to know when to take profitsThe one thing you must never do when trading stocksThe most effective place to put a stop loss in order to protect yourself
Get started to the top of the page and select the "Buy Now" button.
Pathetic book. The main and only point of the book was - buy when a stock's candlestick closes below the bollinger band (2 deviations set) and sell it when it reaches/crosses the middle. Seriously?? I can't believe the author also asked the readers to go to market forums and check the mind set of traders to see if the sentiment is bearish or not - unbelievable - no one ever advocates to trade based on opinion; usually only novices part take in those stupid forums trying to influence people and only other novices listen to them and trade. The whole book can be written in one single blog post - if all those fluff is eliminated. Worthless. The first 2 lines of this review covers the whole book's content.
This is another book by Matt that I have read, enjoyed, finished, and learned from. The concepts are described clearly and easily understood on a basic level for beginners like myself. The market is so big and complex it is helpful to have a simple concept to compete with the giants of the investing world. Thank you Matt great read
Simple. Straight forward...right to the point, short, practical. No blah blah blah. Matt’s books so far are all like this n You read in 40 minutes then u are ready to implement what he said.
I'm going to give this strategy a chance. This will be my start into trading. Being home from covid-19 is allowing me to learn to trade. Going to start with a few $$ and see how it goes.
I like the style of Mathew. He writes one Strategy completely in one book. Easy to understand and easy to implement. Amateurs like me can get the strategy with little effort. Thumbs up for Mathew.👍👍
No real information is learned here. Just links to websites. Nothing here to help you develop your own trading style. Do not recommend this book to a trader at any level.
Would recommend to anyone looking to start trading stocks. Easy to follow no big gimmicks trying to get you to purchase his courses or anything just a great teacher.
Rubber Band Stocks by Matthew Kratter is a super concise book focused on a single strategy using Bollinger Bands and stock market sentiment. The idea is to wait for a stock to drop below the lower band due to extremely bearish sentiment, pounce on it when it crosses back above the lower band, and sell when the stock hits the middle band.
Instead of the standard BB(20,2) Bollinger Band that uses a 20-period moving average with a StdDev of 2, Matthew uses an 80-period moving average with the standard deviation (StdDev) of 2. He says that after much experimentation, this setting works best for him in most market environments. He provides photos of his Bollinger Bands in action so you get a feel for the strategy.
I ran through several stock charts using Matthew's settings on several stock charts but didn't find any "rubber band stock" candidates. See my photo for an idea of how the chart looks with his settings. Anyway, while I haven't found the BB(80,2) setting very useful for MY trading, there is much wisdom in finding whatever chart, setting, indicator, etc., that works best for you.
Matthew does include little nuggets of trading wisdom in the book, such as position sizing, risk management, where to place your limit order, etc. He also provides examples of winning trades using the system, such as:
A 9.37% return on WDY An 8.47% return on FDX A 7.20% return on BAC
As for how to gauge bearish sentiment, Matthew includes numerous (perhaps excessive) pages of bearish posts from a stock market-centered social media site as examples. See my screenshot of one of the pages to get an idea of what I'm talking about. That looks like a lot of work to gauge sentiment. Especially now that most brokers provide sentiment indicators. Anyway, it's a decent book overall, but nothing special.