How I Trade for a Living
The dream of many traders and active investors is to be able to successfully trade from home and make a living at it. While publications exist which cover trading strategies by analysts, fund managers, and pundits, there is virtually nothing available by someone who is trading from home successfully.
How I Trade for a Living is a trading strategy by someone who has been trading from home profitably for over fifteen years. Gary Smith, a well-known and lauded member in the trading community, explains what it takes to be a home-based trader, from the mental grit to the basic hardware. He outlines his profitable trading strategies, which can be utilised for trading in individual stocks, options and bonds, and shows exactly how he uses them to trade stock index futures and mutual funds.
Smith talks the talk and walks the walk; he shows the reader his actual trading results for the past three years. Not only is his strategy successful in terms of profits but there are no drawdowns. Most trading strategies may show great profits but at the expense of significant downside risk; Smith's program is low risk. He offers a simple strategy with no complex technical indicators, no heavy charts, and no big software needs. This system can be used by anyone almost anyplace. How I Trade for a Living is an honest, realistic guide to trading for a living.
Publisher: John Wiley & Sons
Publish date: 2000
A real trader, original style and a great book.!!!
This has to be one of the most honest, down to earth trading books ever written. It has all of the insights into trading that we all go through - after all Smith traded for some 15 years on an account that ranged between 2k-4k. Now if after that he can make it, so can others.
Smith details his 'epiphany' and his trading techniques completely and details many examples of the types of set-ups he uses. Admittedly he now trades almost exclusively mutual funds, the fact that his 2k has grown (at time of book publishing) to 700k alone should be reason enough for all serious traders to buy, read and re-read this book.
I liked it !
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