Trading Day by Day is overflowing with the fundamental truths and
reliable trading rules every trader needs to be competitive in any
market, at any time. The three natural laws of trading, an intelligent
approach and method, a sound mathematical system, the spike rule, the
mistake rule, divergences, relative strength, the truth about options,
businesslike money management, over a hundred "real time," day-by-day
chart examples, and much more.
While specifically about futures trading, its approach and method are
equally applicable to forex, stocks and
any other market.
Summary: Take all reviews with a giant grain of salt
I have read both of Chick's books several times and have made good money
trading his methods. This is what I do for a living -- I am a full time
trader. His methods work equally well with equities (though do be
careful because stocks tend to move together. In other words, you don't
have on as many positions as you think) and futures.
The one star reviewers of this book obviously don't get it. This is not a
book you skim and you can't criticize it for having no code. (Though if
you think a little you can test the basic concepts of the book
Out of all the trading books I have read this is one of the best, and
maybe the only one that actually gives you a methodology that can make
money as is. If you want a book that will give you a simple system to
make a 500% annual return on your money you won't find that here.... but
if you're looking for that you're not going to make it as a trader.
# Hardcover: 375 pages
# Publisher: California Pub (December 2003)
# Language: English
# ISBN-10: 0974092118
# ISBN-13: 978-0974092119