Trade My Way

"Trade My Way" is a very simple book. Overall, it is like a manual from Alan Hull's "way". Well, simplistic is not a bad thing. In fact, KISS is the very basic concept for successful trading. As such, this is an excellent book for newbies in the world of investment. Ideas provided are good enough and adequate for starters to venture into the trading world...

However, this is definitely not a good choice of book for advance players. They may find it too simple and too basic. Well, contradiction arise when players around the world keep on searching for something sophisticated without realising the beauty of simplistic. This is why we have tons of pollution stuff in the market, LOL.

Anyway, I did found two very interesting statement in the book. First, a very extreme statement which I could not agree at all... "Share trading is a great type of business because I can make a comfortable income with very little effort." Ok, the key word is "little effort". Serious, I do not see a little effort is good enough to make a "comfortable" income in this business. In fact, players need to put up a lot of efforts; be it in knowledge, mentality, determination, etc. This world is fair. You gain some, you lose some. So, nothing is as easy as "little effort".  Second statement on "intraday trading": "I have only once met someone who can trade successfully on a consistent basis in this time frame and therefore I don't consider it to be a viable option, particularly because that one individual has such a unique psychological profile that it would be impossible to emulate what he does anyway."... More on intraday: "I suggest we stay with what is realistic and what best suits our objective of being lazy: short-term time frame with daily or weekly execution." Well, if the first statement is arrogant, the second statement is an excellent opinion with logic and sense.

As a summary, this is an excellent book for newbies although it might be a disappointing stuff for advance players. Since I am no more a newbie, this book at most serves as a refresher and reminder as a whole. Rating wise, I am going to rate 2/10 based on my seniority in the world of investment. One final remark: the low rating is not related to the quality of this book. It was given based on my personal exposure in the world of investment. End up, the low rating was given in view that I personally could not gain much from reading this book...