Sniper Trading: Essential Short-Term Money-Making Secrets for Trading Stocks, Options and Futures
Sniper Trading: Essential Short-Term Money-Making Secrets for Trading Stocks, Options and Futures
Your Guide to Earning Consistent Profits on Short-Term Investments Fine-tune your trading skills to the point that you’ll know where the market will go and when it will get there–with Sniper Trading: Essential Short-Term Money-Making Secrets for Trading Stocks, Options, and Futures. Renowned trader George Angell shows you how to spot the best opportunities, capitalize on them, and get out of the market in one quick shot–just like other “sniper” traders. Sniper Trading offers thre
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(out of 12 reviews)
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Jul 31, 2010 2:11 pm |
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It’s too good to be true and written by a proven dishonest person.Proven background of the author’s dishonesty can easily be obtained from publicly available information from the Commodity Futures Trading Commision. In particular, CFTC Docket No. 02-08 was provided for the public to view here:http://www.cftc.gov/files/enf/02orders/enfangell-order.pdfWould you want to follow the advice given by the person addressed in that CFTC Docket? hmmmm, don’t think so
Jul 31, 2010 3:10 pm |
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Guys
i bought angells book couple of weeks ago, and read it thouroughly,its nothing but a complete nonsense and full of rubbish.
Mr “TRADER” (george Angell) tries everything in this book to lure you to the idea of buying his so called “LSS Day trading systems”
If you dont believe me then go to CFTC (commodity futures trading commision) web site and find out about him.He has been severly charged for his misrepresentation of his Lss system and has been awarded a penalty for mail order fraud.
Good thing i only read the book and didnt trade according to this mongrals ill fated ideas…
Jul 31, 2010 3:38 pm |
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Every idea this guy has for trading does not work. Moreover, the book is supposed to be about trading stocks and options, as well as futures, but the whole book is about futures.He basically says that markets trade in two identical cycles in both the morning and afternoon. So the market is supposed to go up or down in two stages in every morning and afternoon. You wait to see what the first stage is, then enter to catch the second one, which will either last as long as the first or will rise or fall as much as the first. It doesn’t work.The book is just a complete waste of time.
Jul 31, 2010 4:00 pm |
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This book is one of the top ten books on trading & investing that I’ve ever read. Mr. Angell has given the retail trader a real gift in terms of being able analyze the market based on price action (which is the final arbiter of value). If you work with the methodologies and formulas in the book, lay them out in a spreadsheet, track the market by its Oscillation in combination with increasing or decreasing Momentum while keeping an eye on the 5 and 1 day Strength measurements and initiating trades in the buy envelope, sell envelope or at the pivot point (long or short based on market momentum) there is a very high proability that you will learn to trade extremely well. This of course, will lead to making a substantial amount of money.I recommend purchasing this book and the workbook, setting up your spreadsheet formulas and tracking your commodit(ies) for a period of a month via paper trading while you figure it out – You MUST keep good records and track the information in a spreadsheet so that you can create a good historical understanding of the market’s price action in relation to the differnt value measurements. (I’m using it with the E-Minis, but I’m sure it will work for any commodity).Note: (It took me a total of about 6 months of sitting in front of my screens and analyzing the market movement to put it all together-so, there is a learning curve, but believe me, it was worth it).Good Trading and Good Luck!
Jul 31, 2010 4:09 pm |
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1. There is obviously a credibility issue with Angell getting nailed for telling half truth in marketing the LSS system in the late 90s. The book is not entirely about the LSS system though. I always take the cautious track when someone try to sell me a profitable system.2. I agree with the other reviewers on the contents. The book is rather unorganized(in many chapters) and there is a lot of cliche repeating through the book. Yes, market wizards are better read if you want something along that line.3. Many of the claims were not backed up with tested results. If that doesn’t raise your suspicion, I can sell you the Brooklyn bridge at a pretty good price.4. There are the momentum forumulas one reader suggested. Yes, play with them and learn anything you can before risking any real cash. I am not certain it offers more insight than other existing indicators but I keep my mind open on that one.5. As to the simplicity of a two legged move, yes, I laughed when I first read it. However, you shouldn’t take something for granted just because it is simple (Many successful traders use simple system which they have lots of insights on). The key in this matter is how well that two legged breast work in action which the book didn’t offer any solid evidence.And some of his rules are leaning towards the discretionary side which makes the system less repeatable and objective.
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