Momentum Masters: A Roundtable Interview with Super Traders with Minervini, Ryan, Zanger & Ritchie II
T**N
Informative, interesting conversation with successful traders
I've read many books on this subject, and found this to be an excellent look at how successful men trade. Their approch is almost identical. This is interesting to learn, as they drive home the same points over and over, from different perspectives. They go over their entire method of trading and stock selection, how they enter and exit, each individual in style and yet the same in practice. I learned new interesting things about strategy and psychology and found it uniquely educational. You'll realize how important the fundamental methods are when you see that each trader independently formed the same approch after many years of trail and error.
G**N
Great selection of trader comparisions
Really like how Mark put together some of the best traders on the planet to go over what they all are thinking and what they look for at certain times during the day...Pay special attention to the money management side of side of trading !!!!! Mark Minervini is the Best one to take advise from on this subject matter.
A**R
FAVORITE TRADING BOOKS
I have read probably three dozen trading books, and there are several I read again and again. Out of that handful, this one is by far my favorite. While most trading books start from the ground floor and work you up to intermediate skills, this one starts from intermediate and touches on advanced concepts. I love the round-table flow of it, that makes it simple to breeze thru in under a day. I also like comparing the different strategies employed by each 'master', as I view trading as a toolbox like these guys do... your strategy will not be the same as theirs, but you can see how each adapted different tactics to fit their style and temperament.
J**N
Great book for experienced traders.. not beginners !!
I really enjoyed the book. Still, I think it's not a book for beginners. You have to be a decent/mature-enough trader to have those "aha" moments.. so you understand what they go through.. Understanding what they mean by being a 2-to-1 trader, etc.. There is a high probability that a beginner doesn't even keep good records of his trades. How can he know what kind of traders he is. You'll need to be at that stage of your "trading career" where you know your stats (Win/Loss ratio, hit rate, highest gain/loss, average gain/loss, etc) in order to fully grasp what there is to understand in this book.Several good insights worth reading such as risk management, positions sizing, etc. I enjoyed the "Don't get in a position all at once.. split your order in 2 or 3 pieces" so if you lose, you'll lose less. Don't be ashamed to take profits (which is somehow the opposite of what we hear in other trading books)... I like their take half of your position off the table (a profit is a good profit no matter what) and let the other half run its course. Cut losses quick...cut it, cut it cut it.. even quicker than I thought.. Those guys don't let room to their stocks, if it doesn't act properly, they'll cut faster than their actual stop/loss.What I don't get on the other hand is "why are those guys talking now?". You can find many profitable traders out there and they are not so talkative.. Let's say they make their $$ and move on with their life. They rarely share their trading skills. Minervini used to not say much (see his market wizard interview).. still, don't get me wrong I love the guy.. I consider him the Roger Federer of trading.. elegance and skills.Important to note as well that these guys are what I call "olympic champs". There is a low probability that you'll be the next 500 / 1,000% a year kinda guy... but there is plenty of room between the 0% and the 500%...and if you add the beauty of compounding on top... great things are ahead of you.
@**N
Sitting at the Feet of the Masters
There are two types of traders that will read this book, profitable traders and unprofitable traders - and it has something for both.If you're already profitable, you'll instantly realize the experience of these four gentlemen, and you're bound to find something which may refine your methods even further and help you turn out a few triple digit years.If you're unprofitable, then maybe the insights they share will take you over the hump.(If you're new to trading, start elsewhere and come back later because this definitely isn't an introductory course on trading even though it does cover everything).With that said, here is your opportunity to sit front row during a fantastic interview while four professionals with decades of collective experience talk about what works when trading growth stocks.Like the four Gospels in the New Testament, you get four individual's unique perspectives on the same subject, each helping to clarify the picture in their own unique way. At the end you realize they're saying the same thing.If this book has a central message, it could be summed up by the following: Search for companies which are growing their earnings at a high rate, be highly selective about the stocks you trade and the entries you take, keep your losses small, make sure your winners are multiples larger than your losses, and turn your capital over as rapidly as possible. That is the essence of trading.To get the details you have to read the book. And there are a lot of details. They couldn't have been more transparent about their methodology.Read it, study it, go trade, read again, go trade, read again, go trade. Eventually you should get the hang of it – but as each of their experience shows, it takes a lot of hard work and discipline.Thanks Mark, David, Dan, and Mark - this is an incredible contribution to the trading community that will likely stand the test of time. Five stars.
M**H
Believe it or not, worth the price if you have other Minervini books
This book as rather short and I questioned my purchase when it arrived, but after reading it, mind changed. The conversational nature of the book works very well and there were insights I caught in this book that I did not see in other Minervini books. If you have read his other works, I think this is a nice add. I think his other books work well as a pre-requisite.
L**Y
worth it
Read this book more then 50x it’s worth it. This book is priced more then fair, I would have paid much more given the opportunity. Thank you very much.
D**E
Great
Really enjoyed this book - I felt like I was in the same room as these people and really engaged.Nothing more to say as I think the other positive reviews have it covered.
T**R
Unterbewertete Buch...KAUFEN !!!
Sehr wertvoller Content und tiefe Einblicke in das Denken und Handeln von ein paar legendären Momentum-Tradern aus den USA. Der Inhalt ist eher Technik- & Strategie-lästig. Es geht weniger um Tradingpsychologie, sondern mehr um die konkreten Techniken die diese Trader anwenden und auf was sie achten bei Momentum-Stocks. Ein Must-Read für jeden ernsthaften Swing- & Positionstrader. Aus Value-Sicht ist dieses Buch massiv unterbewertet. Für knapp 25€ bekommt man hier sehr viel Tiefgang geboten.
N**T
This is a great book. One of the best I have read
This is a great book. One of the best I have read. It covers all the aspects of trading chapterwise. And the format (roundtable - where each trader shares his view on a given trading conundrum) makes it an extremely engaging read. I dont think there is any aspect of trading that these market wizards fail to answer
K**R
Great eye opener
Explained all real investing problems eloquently. Wealth of knowlege store laid in front of you by legends of the business.
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