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C**S
Out. F’ING. Standing.
So...I’m just getting into the “crypto space,” but coming from a background in psychology, I can certainly say from that vantage point, this book is a “home run,” as the author makes no bones about it: if you don’t take time to know yourself, you’ll never get a successful grasp on the fundamentals of trading (crypto or otherwise).Also, the author is accessible, as I reached out to him, only to be surprised by how quickly he returned my inquiry...perhaps due to the fact that he hasn’t reached star-status just yet(!). In any event, I’m excited to begin utilizing the wisdom within these pages, but before I do that- I’m going to reread the entire book (at least) one more time, just for kicks, as it’s not merely a dry book on the technicals of a complex subject matter, but actually quite funny at times. I’ll post an update to this review, once I’ve made my first million...- - - UPDATE 10/26/2019 - - -Alright, so I haven’t made any millions (yet), but hole-E crap. I thought I knew what I was getting into, and a bit about myself (see above), but nah, I found out rather quickly how this trading “thing” can expose sides of us that we never knew existed. Impulsive? Greedy? Obsessive? IGNORANT. Stupid? Yeah, that’s me. Within the first few weeks as trader, I lost WAY more than I felt comfortable with, and I almost thought of throwing in the towel (at a heavy loss), but thanks to the encouragement of my wife (who probably wanted to kick my ass), and the author’s stoic wisdom, I hung in there, and guess what: if you FOLLOW the advice in this book-1. Grow your profits2. Cut your losses3. Trade the trend...AND get ahold of your (psychotic) Hyde side, you will make money- as not only have I been able to recover all of my losses, but have actually turned a profit (just don’t tell the taxman)!There’s so much more I could say, like giving credit to all the wisdom throughout the book attributed to Jesse Livermore (whose book I also purchased, and highly recommend), but I’ll sum it up in this:Thanks Glen- your book literally changed my life, and now, I truly feel, with the knowledge and insight I’ve gained about the markets (and more importantly about myself), I surely am, “in it to win it.”—-UPDATE 12-23-2019—Yep, I’m still raking it in...in fact, I’m thinking about setting up my own (totally non-shady) trading service, where I can now charge $$$ for all the advice and techniques I learned in this book (sorry Glen), since I’ve seen so many SUCKERS who are willing to pay top dollar for “advice” that is absolute garbage!Jk... But really, do yourself a favor: if you’re even considering getting into trading, buy this book, and read it, until you FULLY understand it, and then, and only then, start out your trading journey. This book truly is an absolute goldmine, and can save you $ and heartache, if only you listen and apply what’s in here.- - - Update 12/29/2020 - - -So...I’ve more than doubled my money. Couldn’t be happier with the advice in this book, and with myself, since, let’s be honest, books don’t “do” anything - the reader does.That said, I think I can officially say I’ve become a “swing trader” now, but I certainly couldn’t have done it without the advice and wisdom in this book. Also, I went ahead and picked up a copy of some of the books that Glen mentions, like Schabacker’s Technical Analysis and Stock Market Profits, and Edwards and Magee’s Technical Analysis of Stock Market Trends. This stuff works, and I’m a stickler for original sources.Well, that’s that. To the Moon!!!Best of luck!
C**L
Great book!
I gained valuable insights from this book and plan to implement some of its strategies to see how successful they can be.
R**N
Good trading habits and learned a few things!
I enjoyed this read. The first few chapters of how Glen got started was inspiring. While some of the information may contradict it's self some times, (i.e, use stop loss but many examples of his gains experienced substantial pull backs that weren't sold) everyone needs to understand that there is no guaranteed formula that always works. Glen teaches practical thinking habits and uses technical analysis probability to improve these habits. Good read for anyone just getting started in the stock market, not just crypto.
A**N
If you’re going to read just one book about trading cryptocurrency, this is the one
I’ve been interested in and traded Bitcoin and many other cryptocurrencies for several years. Good lord do I wish I had this book years ago!! This book gets right to the point, every chapter is incredibly useful and also incredibly witty and enjoyable to read. I especially appreciated the teachings on reading charts, and how to help spot the beginning or end of a trend. Book has paid for itself so many times over, I can’t even count the amount...1000 times over? Probably more. There are several big trades I got into or got out of because of what I saw in the charts after what I learned from this book. Thank you Glen!A year since I finished it, now I’m reading it all over again. Also, I had a few questions and emailed Glen, and he sent back the most thoughtful replies. Not sure if he’ll always have time to do that, but he was really generous helping to answer some questions I had. Thank you again, you’re a really lovely part of the crypto community. Anyone who is interested in trading Bitcoin or any cryptocurrency should definitely read this book. Also extremely helpful to follow Glen on Twitter (@glengoodman). I didn’t even know how to use Twitter before, but it was worth figuring out for his feed! He will often tweet about the current trends and charts, helping point out and explain where current resistance lines and patterns are forming for different crypto currencies in real time. Enjoy, and good luck trading! Thank you Glen!!
L**T
Torn. Love the Ideas, but Tools are Already Outdated
I'm torn. On the one hand, it contains great general advice for trading crypto or anything, so for a beginning, that's killer info. It gives you a great framework. He goes over buy setups and sell signals, all of which the beginner will appreciate (it takes the guess work out!). The part that I'm torn about is that the tools he recommends using in chapter 8 for forecasting price are already outdated. Some are not available to new users (MarketRisk Index by Market Psych) and others have outright closed business (Pipster trading app). So although he gives you great ideas, as a beginner, I cannot find any tools to implement them. If the tools were there, this would be top notch, but given that I can't use them, I have great ideas I'd love to try and can't yet find a way to try them.
Trustpilot
2 days ago
2 months ago