How to Generate an Income, or Grow Your Account Balance - Trading as Little as 1 Hour Daily
Is the market beating you up? Do you feel like you're taking one step forward, 2 steps back with your investment income? Would you like a proven, step-by-step strategy for generating consistent trading profits?
Trading is one of the few ways to realistically create your own "Rags to Riches" Story. But it's not a get rich quick strategy that will get you there. The secret is to adopt a laser beam focus on ONE specific strategy until you've mastered it.
In "The 1 Hour Trade," you'll get a detailed, step-by-step blueprint that works. Unlike other trading books giving you investment theory, you'll be taught a successful strategy in its entirety, including the specific scanning parameters for locating the trades, the exact analysis decisions you'll need to qualify the trade, and the specific steps to take to execute the trade and come out with a profit.
This Book Is Not a "Black Box" Automated Trading System
You will need to use your brain, and work hard practicing the analysis process in order to be successful.
But if you follow the strategy, and maintain discipline & patience, the setup taught in this book will make you a better, profitable trader.
"The 1 Hour Trade" details a short term investment system for getting into stocks making big price gains. The best part? It can be done in as little as an hour after the market opens each morning.
You'll learn how You can be a successful trader! Follow this guide and you will learn a proven system for generating profits in the market.
Excellent, specific advice re: stock trading. Enter above the high of the first 15 minutes of the day, tells you where to set a stop loss, etc. Am not a new trader, yet learned something new that is helpful. I day trade, and rely mostly on a one-minute chart. Author directed that you use a 5-minute chart when seeing if a trade is viable, and use the one-minute chart to see where to enter and exit. This suggestion really helped my trading to be more successful.
I love the limited risk, maximum gain strategy outlined in this book. Very straight forward and easy to follow. This is the perfect strategy for anyone who cannot continuously monitor a trade during the day. In just a few weeks I already have a 100% gain while only risking 3% so be sure to take advantage of the free trading membership. Eagerly awaiting swing and position trades coming this fall.
If you have a firm grasp of trading basics, i think this book is for you. It provides a clear and concise strategy to begin dabbling with day trading without losing your shirt in the process. Please note that if you are new to trading you may want implement this strategy using your dummy account since success hinges on your ability to execute scans and semi complex orders using your brokerage account.
The book was short and written in a manner that was easy to understand. The author appeared to have no agenda other than trying to help the reader become a more profitable trader.
I do plan to start using some of his advice immediately in my trading.
This is a very quick read about the daily routine of an intraday trader. You can probably read the whole book in less than an hour. The author revealed his tactics with chart examples. It was very obvious that the author is a breakout momentum trader. He focuses on price action, reading candlestick patterns and volume. He also placed a huge emphasis on identifying daily and weekly 50 & 200 SMAs/support/resistance. Also, the importance of shifting Take Profits to let the winners run and protect your gains. Overall, a decent overview of the lives of a day trader.
I don’t yet know how successful Mr. Anderson’s strategy will be but he provides a very clear map to follow. Beginners will benefit from the step by step approach to making decisions about selecting stocks, setting entry and exit points, and managing the trade. These skills will transfer as one looks at different strategies in the future.
This is a good book for beginners to really understand the different terminology of day trading. The charts are a little bit confusing . I skip to the whole chapter 9 because I didn't understand it clearly, beside that I would definitely re read the book t
Crash course for beginners interested in the short game of trading stocks. I am going to give your setup a test run and I look forward to reading your next book. Best of luck everyone...
Ok for people who know what they're doing, a good intro for those that don't. It's easy reading, but I think he could have done a better job with the charts in the beginning for newbies since that is really the bread and butter of the whole system. That said, I did learn some things.
I think it contains good information for beginners BUT I see it more like a large article in medium or a blog. not a full book to explain such a simple strategy.
Pretty good, worth a read! Not sure if I would say fantastic, but I'm going to spend some more time with it, maybe give it another star if I change my mind.....