High Probability trading | 
 enlarge | Author: Marcel Link
Publisher: McGraw-Hill
Category: Book
List Price: $39.95
Buy New: $21.72
You Save: $18.23 (46%)
New (38) Used (14) from $17.95
Rating:  92 reviews
Sales Rank: 7280
Media: Hardcover
Edition: 1
Pages: 288
Number Of Items: 1
Shipping Weight (lbs): 1.2
Dimensions (in): 9.1 x 5.6 x 1.4
ISBN: 0071381562
Dewey Decimal Number: 332.645
UPC: 639785382409
EAN: 9780071381567
ASIN: 0071381562
Publication Date: March 17, 2003
Availability: Usually ships in 1-2 business days
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Product Description
A common denominator among most new traders is that, within six months of launching their new pursuit, they are out of money and out of trading. High-Probability Trading softens the impact of this "trader's tuition," detailing a comprehensive program for weathering those perilous first months and becoming a profitable trader. This no-nonsense book takes a uniquely blunt look at the realities of trading. Filled with real-life examples and intended for use by both short- and long-term traders, it explores each aspect of successful trading.
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| Customer Reviews: Read 87 more reviews...
 Good for a new trader, good reminders for the rest December 30, 2008
Patrick (Westland, MI United States)
0 out of 1 found this review helpful
If you have traded for a time and read books on Technical Analysis (TA) such as trading for a living (it seems the author pulled some concepts from that book) or other books you will not find much new here. You can basically read this book in a day. For someone that is new to trading and has not read much on TA then this book has some good lessons.
 Read it many times! December 15, 2008
Mr. Powell Molleti
0 out of 1 found this review helpful
An excellent book from Marcel, mind you though this is not a novel!. You have to read it and read it many times and take notes. Any real trader at least the shot term traders will find this book very insightful. Excellent discussions about money management, position sizing and about all the indicators you will need to trade the markets. Every trader is unique you will need to study the book from your perspective and it will help you a lot!.
 Possibly good for beginners November 23, 2008
ML (Singapore)
3 out of 4 found this review helpful
I didn't like this book at all. Clearly it is aimed at beginners and it tries to cover technical analysis, money management, trading psychology, and system testing. Just too much to be able to cover anything in depth. However, the author seems honest in his approach of trying to tell the reader a bit about everything he has learnt himself. Honesty is unfortunately not sufficient to write a good book.
This book would have been better by cutting down the amount of text, especially the sections that state the obvious, for instance the 30 odd bullet points that end each (!) chapter. Come on what was the author thinking? Writing a textbook and getting paid by the page?
I bought this book due to the high rating on amazon, but clearly the author has a fan-club that raises the book to the sky. That is not fair, but c'est la vie.
Don't buy this book. For the beginner I would recommend Miner's "High probability trading strategies". That book doesn't tire the intelligent beginner with loads of different things. That books is also very valuable for non-beginners.
I have written several short reviews on trading books. The best way is to compare the score on the books I've read. Many reviews on amazon.com are just glorious 5 star reviews. I use all five categories; sorry but everything isn't "great". Books rated 5 are very good. Books rated 4 are good solid books well worth reading. Books rated 3 can be bought by some people who read a lot or have very specific needs. Books rated 1 or 2 I would not recommend buying or reading. Naturally all in my humble opinion.
Well-written, no marketing, great foundation November 9, 2008
Sue
0 out of 1 found this review helpful
As an advanced beginner trader, this is one of my favorite books. It does not fill up pages with self-serving marketing, quick get rich schemes, or fluff. It gives you the basic no-nonsense tools relevant for whatever market you trade: creation of a concrete trading plan, importance of specific types of discipline (not just generalities), specific tips on system trading, backtesting, managing your risk, and handling your trading money. It also contains specifics on entries, exits, and technical indicators-not an encyclopedia, but a discussion relevant to an advanced beginner. This is very quickly grown to be my favorite book-complex enough that many sections need a re-read, but not overly academic, and full of realism. Highly recommend it for traders in any market.
Must Have Book For Any Serious Trader November 8, 2008
Amazon Book Lover
0 out of 1 found this review helpful
Just finished reading "High Probability Trading" and have to say that it is a must have book for any serious trader. Marcel Link writes with simplicity and clarity and conveys much information needed to be successful in trading. The book covers technical analysis, money management (my favorite topic) and trading with a plan. It is this book's ability to cover complicated topics in a conversational way (not overly technical) that brings home the concepts needed to be profitable consistently.
Love his passage about Charles Dickens's "David Copperfield" excerpt where Link writes that Dickens "...is saying, Make more than you spend (lose) and you will do fine, but if you spend (lose) more than you make, you are ruined...". Very true - simple on the surface - but an essential lesson to getting profitable in trading or any life endeavor. The Dickens analogy is an example of how Link is able to draw you away from the traditional "trading" jargon long enough to think on another mental plane so that you can come back to your trading with new understanding.
Another book that may be useful in addition to Link's is "The ART of Trading" by Bennett McDowell The ART of Trading: Combining the Science of Technical Analysis with the Art of Reality-Based Trading (Wiley Trading) since it offers you a chance to take a 30-day trial of the ART trading software, and I've found it to be a very useful tool in my trading.
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