Bigbusiness said:
I picked up a second hand copy of 'The Logical Trader' for £20 from amazon.
That was certainly a good buy. I think I paid nearer £35 for my copy.
Bigbusiness said:
This is written by an actual trader and contains a method for fading, when the set up is correct.
Funnily enough, that's also true of the book being discussed in this thread.
Bigbusiness said:
This is just one part of a method and there are several other interesting ideas.
Funnily enough, that's also true of the book being discussed in this thread.
Bigbusiness said:
I can also sell the book, for about as much as I paid for it, if I don't get on with it.
Good point. As I said, you bought a bargain.
Bigbusiness said:
I think this is far more sensible than paying $97 for an e-book that is probably worthless.
It would be, but actually the book being discussed in this thread is far from worthless.
Bigbusiness said:
I would also prefer newbies to make a few posts before recommending something. It just doesn't fill me with confidence when I see a reccomendation as a first post.
So would I. I completely agree with you. On various occasions throughout these threads I've made exactly the same point myself, and politely explained to the newbies concerned why nobody round here is going to take them very seriously.
But the other thing that really, really doesn't fill me with confidence at all is when someone who _hasn't_ read a book dismisses it (incorrectly this time, as it happens) as "probably worthless" without even the defence that he's a newbie poster. That's not doing anyone any favours at all. Rcfran may be a newbie giving an opinion that you didn't want to see, BigBusiness, but IMHO you're making a bigger mistake giving your "probable opinion" when you haven't even read the thing!
As it happens, I have read it, have studied it, have paper traded it quite a bit, and I agree entirely with Rcfran's view.
I've also corresponded a little with Chris, and like other contributors here have also found him to be very pleasant, courteous, and expeditious in his responses. I also have no problem recommending the book as it seemed to me to have performed well under the testing that I gave it. And I've certainly spent _very_ much more for _very_ much less!
Comparing it with "The Logical Trader" is really not comparing like with like, IMHO. And yet, having read both of them and used things I've learned from both of them in my trading, I must say that to the average trader, I would have thought Chris's e-book is actually of far more use, easier to understand, and I suspect in the long run might even turn out to be more profitable simply because it's more practical and more readily tradable. I don't know Chris personally, and can't therefore give any opinion of him as a trader. I'm not for a moment suggesting that he's likely to be in quite the same league as Mark B. Fisher, obviously, but he's certainly written a good book which will be helpful to many people. And it helps nobody to insult the book without having read it.