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HomeShop at BookSurgeEducationGuidance & OrientationTrade Like the Little Guy: How a small trader can consistently profit in the markets!, Second Edition |
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| Customer Reviews: | | Average Customer Review: ( 17 customer reviews )
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Most Helpful Customer Reviews
14 of 16 found the following review helpful:
 This book made a turning point in my trading career! Dec 30, 2009
By P. Keegan
I have been trading stocks on and off for many years, and much more earnestly in the recent past. About Three years ago I got the financial "bug" to take control over my own financial destiny. Since that time I have read more than 45 books and hundreds of magazine articles on stocks, options, futures, forex, day trading and various methodologies. It was not until I read "Trade Like The Little Guy" that I started trading successfully and stopped losing money!
The information contained in this book is presented in a very straight-forward and easy-to-understand manner. The main principal this book taught me was to have patience. Wait for the market to unfold and give up the information it has to allow you to make intelligent decisions about your trading. So now I always ask myself "What is the market telling me now?".
In addition the other point driven home for me was to switch my focus on preservation of capital and mitigation of risk, rather than simply focusing on how much I "might" make on a given trade. This has actually allowed me to live the old addage "Cut your losses short and let your profits run!"; a practice much more easily said than done, until I read this book.
Up until this point I had never really used Stock Screeners, but after reading this book, and trying them myself, I am now a believer.
From thesis development to risk management and trade execution, this book provides an excellent springboard into a larger world, and helps you focus on becoming a more disciplined trader. It has has improved my success rate substantially. A must read for traders of all levels!
10 of 11 found the following review helpful:
 Good concepts, hard to discern Aug 13, 2009
By Robert Selden
"Bob Selden, What To Do When You Become The Boss"
More than fifteen years ago, two events changed the way shares are traded. In 1974 the US Securities and Exchange Commission introduced deregulation of brokerage commission costs. Prior to this, it would cost a trader approximately $1 commission per traded share. Today that figure is approximately $0.01 per share. One can readily see that trading in shares today is a far less expensive way to bolster ones finances than it was all those years ago.
The second event that changed the way shares are traded, is the internet. It's now possible for small traders such as you and I (through a broker) to trade online. As the author, L.A. Little points out, the combination of these two events has seen the rise of the small trader.
The "Little Guy", (author L.A. Little) outlines how small traders can trade profitably in the markets even though they do not have the resources of large traders. Little describes the key to such success as using a rational and logical process, rather than relying on a belief about particular stocks.
This book has many good tips, ideas and most importantly, systems to suggest how small traders can profit. For example, the need to decide a personal "trading thesis" that should underpin all your trades.
However, the book would benefit from some tight editing. There are some grammatical errors, long paragraphs and long sentences (one sentence had 60 words). This does tend to make it more difficult to discern the key concepts.
Bob Selden, author What To Do When You Become The Boss: How new managers become successful managers
5 of 5 found the following review helpful:
Dutch Uncle Mar 19, 2009
By D. Hill
This book is like having a Dutch Uncle at your elbow. Les doesn't try to wow you with a "Big Me" approach. Instead, he seems to step to your side and seriously asks you to examine your trading habits, encourages sensible risk management toward the goal of capital preservation, and offers a do-able approach to trading. CNBC and all the pundits now seem to warn that "buy and hold" is a questionable approach -- well, Les has been pointing that out for the better part of 10 years now on his free website, [..]. Les is not always right, but what I like best about him (and is shown in the book) is his straight-forward willingness to reassess the situation based on the best information currently available, and as necessary, adjust to the FACTS. Part of my background includes participation in a wildland fire team out to the Northwest, and wildland firefighters have all too often painfully learned that stubborn adherence to a plan when the situation changes results in lost lives. Les's approach is to maintain needed "situational awareness" so that your trading "life" is preserved. Thanks to his wisdom, my "401k" has not shrunk to the "201k" you hear so much about these days, but instead has at least modestly increased. Don't let the few typos in the book distract you from the messages that will help you maintain your financial independence.......[..]!
7 of 9 found the following review helpful:
 Huh? May 19, 2010
By F. B. Eckhoff
Trade Like the Little Guy has a catchy title and, when I bought it, lots of 5 star reviews. So I bit since I like to read a trading book once a year. I have no idea why anyone would rate this book a 5. There is absolutely nothing that I haven't read in many other books. This book reads like the writer was in a hurry. It purports to teach you how to trade but it actually provides little instruction and often refers you to other books to learn the techniques or patterns that are talked about. I almost always get something out of the books I read that gives me a new idea or two that can help me improve or modify my techniques or at least some information I haven't previously considered. This book was the first total waste of time that I can recall. A big disappointment. I cannot recommend it for a trader at any level.
2 of 2 found the following review helpful:
Excellent book for beginners who want to be successful traders. May 24, 2010
By Thingyo
I read many technical books, and I have been trading stocks for many years. The book is easy to read and shows how to manage your money and to become a successful trader with plain and simple words. I watched many of his short technical videos in his website and liked how he analyzed the stock. I was expecting that I see his insight on his technical analysis from this book, but he didn't go in details on the methods in this book. However, I strongly recommend to anyone who is new to technical trading and wants to be a successful trader.
See all 17 customer reviews on Amazon.com
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