Wow that was a golden nugget. "The opening price shows the amateurs view of the value of a stock. Since they generally act in the morning. The closing price indicates the opinion of the professionals."
I have read this book and found it inspiring. Dr. Alexander provided numerous examples how people think before trading and the importance of money management. Really enjoyed his book as well as your video.
Currently half way through this book with taking notes. Learned a lot. Even though there are things I do not agree with, in general, a very good book. But if you are someone who wants it "to the point", "show me how it is done step by step", then it might not be for you. And there is a lot more to the book for people who are wondering: it is explained what oscillators are, what trend-following indicators are. All indicators (for ex: MACD), then also RSI, Stochastic etc... these things are explained in the book, and how you should use them (you should not use them as standalone tools, just as helping tools).
Thank you just binged watched. What i would love to read is a investment book written by yourself , what your trading style is if your profitable what you have learned out of reading and reviewing the books, if you changed your investment style after reading the books. Personally i think your input from the knowledge gained would be just as interesting as the books you reviewed. and thanks again
Thanks Kevin, Its an interesting suggestion... maybe a consideration in time. Yes my process has matured over the years and I would like to think I have the optimum strategy for my personality, I value technicals just as much fundamentals as such my approach is weekly charts to provide a hybrid concept, a weighting towards momentum on a consolidation breakout with good Quality fundamentals. Maybe i''ll do a video just on my strategy...👍
this book review was covered in a bit more detail by the swedish investor YT channel. this vid here; it had good summary, but not details about elder ray, etc.
A very enjoyable and professional presentation. Thank you. Are you planning to give books a star rating? Perhaps you could do a presentation on which books you recommend and which should be avoided?
Hi. First of all thank you for your hard work and effort on these videos. I love your channel, I love your videos, I love the way you explain your topics. I binge watch all your videos and I learned a lot and it really fast track my education/research. I just want to request if you can.. to please organize/categorize your video in a playlist by stars rate ( 5,4, 3 stars etc.) and also by topic ( like a separate playlist of Technical, Fundamental, Risk/Money Management and Psychology) so that it would be much easier to look for in in the future when i want to see/review a video for a certain topic that I want to focus. Thank you very much again for this wonderful channel.
Hi Joyce, Thank you for your kind words, really means a lot to me.... Great idea to categorise them, i'll do that later. In terms of rating, thats a difficult one because i'm told i cant give a book a negative review. I do however only try to pick the best books or the ones which have had the biggest influence to me. Thanks again!
3:20 wait I thought position size WAS your risk? I don’t understand what if you’re in a short position and price gaps above your stop? Did we just risk 20% of our account? Why are position size and risk different?
Hi Last Name First, You make a very valid point, one which has some subjectivity to the answer 'perhaps'. In essence I'm with you, the overall risk is position size, i.e should the company go insolvent over night you would be exposed to the whole position. However, in terms of calculating risk vs reward (and using a probablistic approach to 'anticipated' risk) its generally recognised that risk is calculated as the stop loss position. Hope that helps.👍
Great content! Just a friendly suggestion: slowing down your speech a bit could make it easier for viewers to follow along and fully absorb your insights. Keep up the good work!
I always have a query about profit booking.. like if currently hoding stock as per strategy taken and it's up and having 8% profit.. now confusion if it goes down I may loose current profit. Because current candle is spiked high. Possiblty it may reverse. Not sure. There is a SL placed. So how to avoid emotions here whether I should exit with 8%profit or wait for macd, rsi etc confirmation but I may loose current profit. Please advice
Thanks a lot for your hard work and your channel! Would you mind reviewing "The New Sell and Sell Short: How To Take Profits, Cut Losses, and Benefit From Price Declines" from Alexander Elder?
Ich wollte das Buch als Ebook auf deutsch bei Amazon bestellen. Angeblich "kann" es nicht nach Deutschland geliefert werden. Was für eine Frechheit! I wanted to order the book as an ebook in German from Amazon. Supposedly it "can't" be delivered to Germany. What a cheek!
Great video, incredibly smart set of rules for risk management and continuous improvement as an investor Also, please review: Reminiscences of a Stock Operator
Thank you for a job well done. I have started listening to this audiobook. Interested in learning more. Interested to learn more about the book “ The Intelligent Investor.”
Black Wall Street wealth understands the quantum fields wealth . Infragel financial infrastructure collaborations brand the champions commanding systems .... Music and performance value commands the half time goals. Get UP and fight for our countries. Guideline savings start with good health and wealth is cumulative.
Hi Greenscorpio, I hear you, this would generally be aimed at the beginning investor, I have another being released later tonight for Tony Robbins (Money Master The Game) again for the early investor with some motivation. After this I hope to start aiming at the more seasoned..
I red this book, you summarized it well! Wish you included his best saying “…your goal is to trade well, not to trade often!” 🙏
Fair point - Also very true
Wow that was a golden nugget. "The opening price shows the amateurs view of the value of a stock. Since they generally act in the morning. The closing price indicates the opinion of the professionals."
So amateurs gap a stock up?
HI thanks for visiting my channel, Please comment below regarding any feedback or book recommendations for future review.
How about a review of Jeff Cooper's Hit & Run Trading. Day & swing trading? Thanks, enjoying your trading reviews!
This channel is very very underrated,maybe in stage 1 consolidation before the breakout lol
😂 I like it👍
Yah this channel is all you need to be a winning trader
Spoken like a true trader
For all your 'Trading For A Living' books :- amzn.to/37z3O49
how come this channel only has 11k subs. You're really are good at this kind of craft sir. Thank you!
Thank you very much Onenabee! 🙏
I read the book it’s one of the best I ever read 5 stars.
Welcome julian...
Wen are u making a video on deriv boom and crash indices
I have read this book and found it inspiring. Dr. Alexander provided numerous examples how people think before trading and the importance of money management. Really enjoyed his book as well as your video.
Thanks for sharing!👍
This is pure risk management
My Brokerage Account (Interactive Brokers) - bit.ly/3UGvn1U
My Breakout Scanner - bit.ly/3ea6sl8
My Forum - www.financialwisdomTV.com/forum
My Strategy Blueprint - www.financialwisdomtv.com/plans-pricing
Edgewonk Trade Analysis Software - bit.ly/3xS6S7s
Stock Screener & Backtesting - bit.ly/3oO1exN (20% Off Code = FWSDM)
Stockopedia - bit.ly/2YIcAIn (25% Discount)
Currently half way through this book with taking notes. Learned a lot. Even though there are things I do not agree with, in general, a very good book. But if you are someone who wants it "to the point", "show me how it is done step by step", then it might not be for you. And there is a lot more to the book for people who are wondering: it is explained what oscillators are, what trend-following indicators are. All indicators (for ex: MACD), then also RSI, Stochastic etc... these things are explained in the book, and how you should use them (you should not use them as standalone tools, just as helping tools).
Thanks fsgRex👍
Succinct overview of Dr Elders’ basic principles! Thank you!🙏🏻
Elder=Company,......I attended a weekend, mainly it was a vacation with trading thrown in,.....
Thank you just binged watched. What i would love to read is a investment book written by yourself , what your trading style is if your profitable what you have learned out of reading and reviewing the books, if you changed your investment style after reading the books. Personally i think your input from the knowledge gained would be just as interesting as the books you reviewed. and thanks again
Thanks Kevin, Its an interesting suggestion... maybe a consideration in time. Yes my process has matured over the years and I would like to think I have the optimum strategy for my personality, I value technicals just as much fundamentals as such my approach is weekly charts to provide a hybrid concept, a weighting towards momentum on a consolidation breakout with good Quality fundamentals. Maybe i''ll do a video just on my strategy...👍
this book review was covered in a bit more detail by the swedish investor YT channel. this vid here; it had good summary, but not details about elder ray, etc.
I like that channel
"Trading in the Zone" by Mark Douglas please!
Sure, it's on my list, thanks..
Awesome summary
Excellent presentation. Thank you
Thank you nick. Means alot.
Thank You sir.
Most welcome
A very enjoyable and professional presentation. Thank you. Are you planning to give books a star rating? Perhaps you could do a presentation on which books you recommend and which should be avoided?
Thank you for the feedback, much appreciated
please review dr,Michael burry s investing method
Great video. John C Maxwell's quote passed by too quickly. "Motivation keeps you going, but discipline keeps you growing."
So true!
That is a great video of 1000 of page of Alexander Elder Strategy. After I see this video, Started to read the book as well and went into deep!
Thanks Cagri🙏
1k pages? PDF ebook has only 303 pages
Hi. First of all thank you for your hard work and effort on these videos. I love your channel, I love your videos, I love the way you explain your topics. I binge watch all your videos and I learned a lot and it really fast track my education/research. I just want to request if you can.. to please organize/categorize your video in a playlist by stars rate ( 5,4, 3 stars etc.) and also by topic ( like a separate playlist of Technical, Fundamental, Risk/Money Management and Psychology) so that it would be much easier to look for in in the future when i want to see/review a video for a certain topic that I want to focus. Thank you very much again for this wonderful channel.
Hi Joyce, Thank you for your kind words, really means a lot to me.... Great idea to categorise them, i'll do that later. In terms of rating, thats a difficult one because i'm told i cant give a book a negative review. I do however only try to pick the best books or the ones which have had the biggest influence to me. Thanks again!
thank you for sharing
Thanks for watching!
hello. after this can you review come into my trading room too?
Thanks, will you review Think & Trade like a Champion: The Secrets, Rules & Blunt Truths of a Stock Market Wizard by Mark Minervini
Thanks have you seen my other video by mark minervini?
@@FinancialWisdom Yes, that's why i am wondering will you review of the second book of Mark Minervini
Great channel
Thank you
Very nice. Going to read it as asap.
Thanks Hofni👍
Re: stop loss.
How do you set an order that doesn’t idk getting wicked down triggering the order!
Within solid market structure. You will never always avoid it
3:20 wait I thought position size WAS your risk? I don’t understand what if you’re in a short position and price gaps above your stop? Did we just risk 20% of our account? Why are position size and risk different?
Hi Last Name First, You make a very valid point, one which has some subjectivity to the answer 'perhaps'. In essence I'm with you, the overall risk is position size, i.e should the company go insolvent over night you would be exposed to the whole position. However, in terms of calculating risk vs reward (and using a probablistic approach to 'anticipated' risk) its generally recognised that risk is calculated as the stop loss position. Hope that helps.👍
Financial Wisdom that makes sense. Thank you
Hello there,I liked your video presentation.It was informative,simple and very accurate.Thanks a lot.Happy and successful trading to you.
Thanks Vishal! Same to you
Great content! Just a friendly suggestion: slowing down your speech a bit could make it easier for viewers to follow along and fully absorb your insights. Keep up the good work!
this is underrated channel
Thanks Garden Green🙏
Really very good amazing keep doing more
Thanks Krish
Great Video! Explained everything very well and thorough
Glad you enjoyed it!👍
Is it possible to share the slides presented in video?
Hi I really liked the Vid. Will elaborate on Stockopedia thread a bit more for you.
Thanks for your input, much appreciated
Thanks!!
Welcome!
Always great.....Thanks
👍
HI, LOVED this video
Thanks Ellie!
Do you have summary list of the books and ratings anywhere? Love your channel!
Hi Suhaib, No but that is a good idea - I will look at doing that, thanks
Did he say 20% of the account per trade? Seems very high to me. 2% stop loss is normal.
Cant recall, I assume he means account size and not risk size...you are right 20% risk would be disasterous!
I always have a query about profit booking.. like if currently hoding stock as per strategy taken and it's up and having 8% profit.. now confusion if it goes down I may loose current profit. Because current candle is spiked high. Possiblty it may reverse. Not sure. There is a SL placed. So how to avoid emotions here whether I should exit with 8%profit or wait for macd, rsi etc confirmation but I may loose current profit. Please advice
Great 👍
Thank you 👍
Why can't I like this video more than once?
Lol once is great👍
Did you give a rating to this book?
Yes it was a 5
Great channel.. keep it up sir! 👍
Thank you! 👍
thank you for this! ♥️🔥
You're so welcome!
Thanks a lot for your hard work and your channel!
Would you mind reviewing "The New Sell and Sell Short: How To Take Profits, Cut Losses, and Benefit From Price Declines" from Alexander Elder?
Thanks i'll take a look👍
Terima kasih
my pleasure👍
or should i say - dengan senang hati
Ich wollte das Buch als Ebook auf deutsch bei Amazon bestellen. Angeblich "kann" es nicht nach Deutschland geliefert werden. Was für eine Frechheit!
I wanted to order the book as an ebook in German from Amazon. Supposedly it "can't" be delivered to Germany. What a cheek!
Very very nice video sir 👌
Thanks and welcome
Sir thank you 👍👃
Most welcome👍
Really helpful review esp. for newbies like me! How about a review of Steve Burns' New Trader, Rich Trader? :)
Thanks. Sure I'll add it to my list..
Trade your way to financial freedom - van tharp.reviee if possible
Good shout, i'll try to complete that in the next few weeks, im working on Jesse Livermore - Reminicences of a stock operator 1st. Thanks!
@@FinancialWisdom Reminiscences of a stock operator ...best choice...waiting ..
Great video, incredibly smart set of rules for risk management and continuous improvement as an investor
Also, please review: Reminiscences of a Stock Operator
Great suggestion!
Thank you for a job well done.
I have started listening to this audiobook.
Interested in learning more.
Interested to learn more about the book “ The Intelligent Investor.”
Thanks Roser.. I have the Intelligent Investor on the channel👍
Peter lynch books
on the list bhakti
Black Wall Street wealth understands the quantum fields wealth . Infragel financial infrastructure collaborations brand the champions commanding systems .... Music and performance value commands the half time goals. Get UP and fight for our countries. Guideline savings start with good health and wealth is cumulative.
Thx for the summary, but the book is trash then (very basic stuff)
GOD Loved you enough too send His Son JESUS for you and if you will believe in Him and turn from your sins you will be saved
🙏
boring old rope we heard this too many times
Hi Greenscorpio, I hear you, this would generally be aimed at the beginning investor, I have another being released later tonight for Tony Robbins (Money Master The Game) again for the early investor with some motivation. After this I hope to start aiming at the more seasoned..
@@FinancialWisdom ok thanks for informing me