Trading Basics: Evolution of a Trader (Wiley Trading)

I was convinced by Tom's writing posted in his own website ( thepatternsite.com) and then I bought his books and read them (twice in a row) because I have a bunch of questions brought back from the market. Interestingly I read his Swing and Day Trading first. Then Fundamental Analysis and Position Trading. I am so happy to see a lot of my questions got answered (or understand that some of them are not questions that have definite answers), I know I must buy Trading Basics and read it, though I already have some basic knowledge about trading. I am not disappointed. A smart novice who starts trading now may hesitate because the news already screaming the bear market is coming. He will find out more if he also read the stage analysis in Fundamental Analysis and Position Trading. Tom covers them quite comprehensively. The more you trade, the more you will appreciate the statistics in the books. Tom doesn't guarantee a pattern works, as a reviewer implies. Tom provides statistics, which by definition deals with probability. A trader doesn't ask for guarantee; he only looks for probability on his side. Tom's books help.

Bulkowski's books are the best and you cant go wrong with any of them. Thomas is a genious and puts his knowledge in your hands with his books. You will learn how to do the stuff the trading pros do if you read his books. I have all 9 of his books

Interesting book, which has a few helpful insights, but definetely not essential for successful trading. This book is a walkthrough of various trade ideas most of which you can find in some other sources. Nevertheless, it is helpful to have them condensed in one book and reviewed by a weathered stock trader. The author very often backtests the presented ideas and backs his opinions with the gathered statistical data. The best thing about these tests (and I would say my biggest profit in reading this book) is that they inspired me to backtest the presented ideas after incorporating them in my trading system, which helped me earn a few bucks more per annum.

This book introduces you to the paradigms of intelligent trading, to name a few: * money management * stop placement * support & resistance levels * recurring patterns of the market backed by statistical research * entry & exit timing * market trend & stock trend relationship Having read a few books by this market veteran author, I find his books distinguished from the rest by a single, crucial aspect: Thomas conducts and discusses his own research, methods and tools of many years, which he courteously shares with the reader both in his books and at his website (just google his name!)

More of a book with statistics of how stocks trend after entering certain trend patterns than anything else. The author did numerous tests to find these statistics, which is all well and good, but the results mean absolutely nothing for the average investor. "My research found that this happened 37% of the time." Also a big problem I had was after the author shared a story about a woman who started trading options contracts. From what the author said it sounded like she had a dozen or so successful buy and hold trades under her belt and decided to give options a try. She ended up betting wrong and getting in over her head, wiping out her entire account. Now the problem with this story is that the author's "lesson" to be learned was to avoid using leverage unless you've been trading for 5+ years, which is NOT the problem. The problem was that she went into that trade with risk management as an afterthought; that was where she messed up big, and that's where the author should be teaching people to be mindful. His reaction was more in line with: "People have gotten injured in car crashes, you shouldn't drive a car because they're dangerous!"

I really like Bulkowski. This book was pretty tiny compared to his others. It didn’t tell me anything I didn’t already know. Not bad for a beginner. Doesn’t provide the value of his other works.

Excellent book that busts certain trading myths and presents results of back-tested hypotheses. highly recommend it to investors and swing traders.

Clear, concise, well researched, practical. Tom Bulkowski is the real deal.

This book is expensive but worth it. It is a must read! Great book. I would read it again for sure

Solo il tema degli stop loss vale il prezzo del libro. Ma c'è molto altro, come in tutti i libri di Bulkowski.

Es un libro básico pero importante, Pone en claro los principios fundamentales y repasa a fondo la gestión del riesgo y del capital, las estrategias, el análisis técnico, como entrar y salir del mercado y un conjunto de 45 buenos consejos. pero ante todo es claro y conciso, sin enseñar conceptos errónos

Read all the 3 books in the series along with Encyclopedia of Chart Patterns to graduate through technical analysis

I enjoyed reading all three of the trilogy 'evolution of a trader' The text provides well researched and statistically backed statements. I particularly enjoyed position sizing for market conditions and the handy chapter reviews. Would buy and read again for sure.