"Trading Day by Day" by Chick Goslin (book review)
I was recently recommended this book by a trader I talk to in the states, it is an excellent insight into the methods used by a longtime successful trader, which Chick Goslin is.
Chick is not an intraday trader. He takes a position and will hold it until his oscilators and moving averages tell him it is time to get out which can be weeks or months. He has good insight into a variety of markets, as you will find in the book. Although the methods and ideas in the information in his book are slanted towards position trading, the principles are the same on long or short timeframes and can also be used in daytrading, I've found even on very short time frames although this isnt discussed in the book.
There are also some sound ideas for approaching trading as a business, money management etc.
I spoke to Chick on the phone before I purchased on a few occasions, and found him to be a genuine, "no punches pulled"-type, sincere, very knowledgeable, nice guy. The number on the website is HIS phone number.
Basically, this is one of the best if not THE best books in my trading library here. No flannel, just good information all the way through from someone who has actually made millions and still does from trading.
There is more info about this book and Chick at http://www.tradingdaybyday.com and I think its on amazon now too.
[Mod's note: It's also available for £40 in the UK from the T2W Bookstore here.]
I was recently recommended this book by a trader I talk to in the states, it is an excellent insight into the methods used by a longtime successful trader, which Chick Goslin is.
Chick is not an intraday trader. He takes a position and will hold it until his oscilators and moving averages tell him it is time to get out which can be weeks or months. He has good insight into a variety of markets, as you will find in the book. Although the methods and ideas in the information in his book are slanted towards position trading, the principles are the same on long or short timeframes and can also be used in daytrading, I've found even on very short time frames although this isnt discussed in the book.
There are also some sound ideas for approaching trading as a business, money management etc.
I spoke to Chick on the phone before I purchased on a few occasions, and found him to be a genuine, "no punches pulled"-type, sincere, very knowledgeable, nice guy. The number on the website is HIS phone number.
Basically, this is one of the best if not THE best books in my trading library here. No flannel, just good information all the way through from someone who has actually made millions and still does from trading.
There is more info about this book and Chick at http://www.tradingdaybyday.com and I think its on amazon now too.
[Mod's note: It's also available for £40 in the UK from the T2W Bookstore here.]
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