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The Complete Trading Course: Price Patterns, Strategies, Setups, and Execution Tactics
A practical guide covering everything the serious trader needs to know While a variety of approaches can be used to analyze financial market behavior and identify potential trading/investing opportunities, no approach is completely accurate. The challenge for traders is to find a method that they feel comfortable with and are able to implement consistently, through the normal ups and downs of trading. The Trading Course provides you with a detailed description of the methods used to analyze markets, spot profitable trading opportunities, and properly execute trades. Page by page, this book references different trading methodologies, but focuses specifically on applying them when attempting to identify good trades. If you want to become a successful trader, you have to be prepared. This book will show you what it takes to make it in this field and how you can excel without getting overwhelmed.
320 pages, Hardcover
First published January 1, 2010
30 people are currently reading
110 people want to read
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Displaying 1 - 2 of 2 reviews
November 27, 2013
I am currently reading this book for a second time as a 'back to basics' refresher. Corey starts with an overview of basic Dow Theory, and then begins to build a logical progression that takes the reader into trend and momentum analysis, then on to pattern recognition and trade set-ups.
Most importantly, I found this book to have well thought-out discussions on buyer / seller psychology and their impact on the market. A great insight for the new trader, and a great reminder for more experienced traders too.
There were a couple of parts that seemed to bog down in detailed descriptions of specific chart action, but the concepts conveyed were more than worth the patience to work through them.
I enjoyed this book so much, that I just purchased a second copy to give as a gift.
Most importantly, I found this book to have well thought-out discussions on buyer / seller psychology and their impact on the market. A great insight for the new trader, and a great reminder for more experienced traders too.
There were a couple of parts that seemed to bog down in detailed descriptions of specific chart action, but the concepts conveyed were more than worth the patience to work through them.
I enjoyed this book so much, that I just purchased a second copy to give as a gift.
October 27, 2023
Another foray into "technical analysis" of investment - the activity that's neither "technical" nor "analysis", but rather an exercise in pattern recognition. We see patterns everywhere, so why not in the Stockmarket? Put it down when I saw author explaining the idea of "momentum" - the purported reason why stock prices "move in trends" by discussing Newton's three laws of motion.
If you believe in technical analysis, this could be a decent book. But I don't and I score non-fiction books according to their usefulness to me, so there.
Why the hate, you ask? Let me respond with a quote from the book:
"Another trading tool is the simple Fibonacci retracement tool, which is designed to find the end of a downward retracement into support so that traders may buy shares as price begins to rise upward from a potential support level. Traders use the 0.618 ratio and derivations of this ratio such as the popular 0.382 ratio to find potential turning points in a market. Traders use percentages such as the 61.8 percent retracement level and the 38.2 percent retracement level. The 38.2 percent level derives from the remainder or what is left over after measuring 61.8 percent of a move. In terms of ratios, think of the 0.382 as being left-over after finding the 0.618 segment, or specifically 1 minus 0.618 equals 0.382. This is why you see the 38.2 percent retracement on standard Fibonacci retracement tools. While not officially a Fibonacci ratio, almost all traders pay attention to the 50 percent retracement level in addition to the 61.8 and 38.2 percent levels, which is why most default retracement tools show three lines in the chart. Thus, the 61.8 percent, 38.2 percent, and the 50 percent retracement lines are what you can expect to see most frequently when doing any type of Fibonacci retracement analysis on the price chart." (Chapter 6)
This is numerology. Hokum. Bunk. Sold as "serious investing advice".
If you believe in technical analysis, this could be a decent book. But I don't and I score non-fiction books according to their usefulness to me, so there.
Why the hate, you ask? Let me respond with a quote from the book:
"Another trading tool is the simple Fibonacci retracement tool, which is designed to find the end of a downward retracement into support so that traders may buy shares as price begins to rise upward from a potential support level. Traders use the 0.618 ratio and derivations of this ratio such as the popular 0.382 ratio to find potential turning points in a market. Traders use percentages such as the 61.8 percent retracement level and the 38.2 percent retracement level. The 38.2 percent level derives from the remainder or what is left over after measuring 61.8 percent of a move. In terms of ratios, think of the 0.382 as being left-over after finding the 0.618 segment, or specifically 1 minus 0.618 equals 0.382. This is why you see the 38.2 percent retracement on standard Fibonacci retracement tools. While not officially a Fibonacci ratio, almost all traders pay attention to the 50 percent retracement level in addition to the 61.8 and 38.2 percent levels, which is why most default retracement tools show three lines in the chart. Thus, the 61.8 percent, 38.2 percent, and the 50 percent retracement lines are what you can expect to see most frequently when doing any type of Fibonacci retracement analysis on the price chart." (Chapter 6)
This is numerology. Hokum. Bunk. Sold as "serious investing advice".
Displaying 1 - 2 of 2 reviews