Friday, 15 November 2013

Naked Forex: High-Probability Techniques for Trading Without Indicators

The title of this book is very interesting. Besides, there are free stuff (trading software and video tutorial). As such, since I am lack of investment books on my shelf... I guess this is the right time to turn my attention to this book...

End up… Gosh! What a disappointed book! There is little new under the sun. “Kangaroo tails”, “big shadows”, “ladder exits” and whatever names that are given by the author are just new names to replace the same ideas that existed long time ago. In fact, those new names are created to emphasize that there is a new concept, namely “naked trading”. Newbies may find it amazing. But, old and bold players know that those stuff are available for free everywhere in the internet. In fact, the definition of “naked trading” is kind of misleading too. The author intends to remove all indicators, so that a “naked” chart is available for readers to interpret. At the end, what are the differences if those indicators are replaced by patterns of charting? If “price” is the key, I humbly think that we need nothing except the “price”!!! Naked Trading? More like a disguised “naked trading”!!!


Furthermore, free stuff (trading software and video tutorial) as mentioned are very annoying at the end. I did surf through and found out that those are just some courses by the author and there is really nothing special in it. Now, I doubt whether the author has time to trade FX… In between running his website and surfing, I think he got no time to implement his “sophisticated” method in trading…

Having said that, this book still offers some nice stuff… Putting aside those sophisticated new name (on old concepts), most of the concepts discussed actually proven to work more often than they do not. Besides, the author did put his effort to illustrate in details on every setup. That in itself makes this a worthwhile book for those who are new to trading. As for me, I just could not accept those new names and the “misleading” definition of “naked trading”. As such, this book does not deserve a place on my shelf and I am going to rate it at 1/10 because of that.  What a disappointment… 

Friday, 8 November 2013

Tactical Trend Trading

This book was recommended by a senior of mine (Someone I very much adore and respect for his experiences in trading). However, I am very disappointed from the very first chapter. Well, this is a more of a book that combines tons of stuff that you and I can find in other author’s books. For example, Michael Covel’s “TrendFollowing” is the better book to explore. Even my friend’s books on "Turtles" are perhaps the better option. Overall, I do not read anything “extra” except some sort of repetition that trend traders are very familiar with… As a conclusion, I humbly think that I had wasted plenty of time in reading this book. 

Anyway, I did my best to finish up the whole book in a quick way. Well, for newbies who had not read Michael Covel or Curtis Faith’s books, this book may serve as a good introduction. Since I humbly do not consider myself as a newbie, I am still puzzled why my senior highly recommended this book to me. Perhaps, there is a hidden gem for me to dig out in the first place. Unfortunately, I failed to do so at the end…

This book was shipped out immediately after I finish the last page. Having said that… I am going to rate it at 2/10. I appreciate the author’s hard work in presenting his idea. However, I really do not see anything “extra” in this book compares to those that I mentioned above. I guess I made a mistake by parting my money with this book in the first place. Ding, ding, ding… next, please… LOL.

Monday, 4 November 2013

专业主义

熟悉我的人应该都知道,这类书籍绝对不是我的那杯茶。第一,工商管理的东西一直不是我很需要的。第二,超讨厌翻译的书籍。英文去中文已经不太有好感。日文去中文???我的天呀!!!

但是,世事无绝对。。。这回,破例了。理由很简单。。。第一,这是一本马云,史玉柱都推荐的书籍。。。第二,各大商业论坛都在讨论这本书。。。第三,翻一翻前几页,还真的挺有意思的。单单几个“专业”和“专家”的定义就挺吸引我的:

1.专家的词源本是‘profes’,意思是‘向上帝发誓,以此为职业’。

2.对能够称之为专家的人而言,是不存在退休这个概念的。

3.无论如何完善教育制度,如何增加报酬和改善福利,也不会产生大批的专家。只有纪律,才能培养出专家。

4. 推动未来世界运转的,是个体之间的竞争,而不再是国家之间或企业之间的竞争。

结果,感觉挺好的。好在哪里呢?好在里头有很多我做着却未必懂的道理。好在里头有一些我很不屑但其实很有道理的道理。。。简单来说,的确是一本好书。。。但是,老实说,个人“共鸣”真的不是很多。这纯粹是个人问题(与作者无关)。对于工商管理,我始终是不太热衷。总觉得这是高层管理员的书籍(我超讨厌管人的!)。而且,在这个讯息与网络的时代,“人”还管吗?

基于个人的癖好,这本书在我的私人图书馆不会有太高的评价。10分满分,顶多只值得个6分!这本书个人虽不太喜欢,但它在我的私人图书馆里还是有个位置的。理由是,这类书籍很像我们汽车上的后备轮胎。在一个投机者的世界里,这个后备很少发挥它的作用。但,天有不测之风云,“人”有旦夕祸福(还是要“管”人???)。。。因此,我坚信总会有用到它的一天。所以,让它暂时好好躺在我的书架上吧。。。