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PowerX Strategy 2nd Edition: How to Trade Stocks and Options in Only 15 Minutes a Day
Interested in trading in the market but unsure of how to start?
Trading in the stock market can transform your financial future.
Whether you are a new investor just starting out or a seasoned investor, success relies on having a smart strategy and systems in place that enable you to not only make more money but to also limit your risk against market corrections and crashes.
The PowerX Strategy is ideal for both new and experienced traders. Our goal is to help you gain financial independence through consistent, long-term wealth. This book provides the tools and direction that can help you accomplish your goals and gain financial freedom.
In this book, you'll learn how you
- Implement The PowerX Strategy to find the best stocks, limit your risk and increase profits
- Avoid devastating losses using our proven strategy
- Take control of your financial future in as little as 15 minutes a day
- Grow your wealth, gain financial freedom and build a legacy
Trading in the stock market can transform your financial future.
Whether you are a new investor just starting out or a seasoned investor, success relies on having a smart strategy and systems in place that enable you to not only make more money but to also limit your risk against market corrections and crashes.
The PowerX Strategy is ideal for both new and experienced traders. Our goal is to help you gain financial independence through consistent, long-term wealth. This book provides the tools and direction that can help you accomplish your goals and gain financial freedom.
In this book, you'll learn how you
- Implement The PowerX Strategy to find the best stocks, limit your risk and increase profits
- Avoid devastating losses using our proven strategy
- Take control of your financial future in as little as 15 minutes a day
- Grow your wealth, gain financial freedom and build a legacy
140 pages, Hardcover
Published May 24, 2021
121 people are currently reading
85 people want to read
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Displaying 1 - 16 of 16 reviews
May 21, 2024
I'll start my review of Markus Heitkoetter's PowerX Strategy with my overall impression of the book and then "get into the weeds" for those who want more detail. In a nutshell, Markus lays out a straightforward approach to entering and exiting short-term trades with a (2 x Risk) profit target. Chapter 3, which covers the mechanics of his PowerX Strategy, is by far the most detailed and useful. The rest of the book is not detailed enough to be anything other than fluff and filler. For that reason, I rate the book 3.5 stars.
Now, let's get into the weeds with a few of the topics Markus covers.
Markus stresses the importance of finding the best stocks but implies that evaluating each stock individually is so time-consuming that you'll probably need his high-priced PowerX software. Since most readers aren't going to shell out a big chunk of money for his software, that little tidbit is useless.
Markus defines his Golden Rule as risking $1 to make $2 to avoid holding onto a trade too long. As an equity multiple, 2X is fine. As Markus states, not taking profits is one of the biggest mistakes traders make. He even adds the old cliche, "Nobody ever went broke taking profits." As I see it, that's equivalent to an NFL quarterback who dinks and dunks instead of throwing the ball down the field. Sure, the small wins are great. But your gains are capped at 2X.
I like Markus' 2% Rule, which states that you should never risk more than 2% of your account on any trade, especially when starting out or working with a small amount. This is a good rule to follow when trading.
I found Chapter 3 the most useful because it provides the specific chart indicator settings for his Power X Strategy, using:
1) Slow Stochastic
2) RSI (Relative Strength Index)
3) MACD (Moving Average Convergence Divergence
Markus gauges uptrends and downtrends by using the Stochastic and RSI with the 50-point centerline as opposed to the typical 70/30 or 80/20. He also uses the MACD in conventional fashion with its Signal Line.
Markus provides numerous examples of how he uses the three indicators together with a couple of other factors to determine exactly when to enter and exit trades. Although intended for short-term trades, I've also found his method useful for longer, trend-following trades.
Markus does a great job of showing how the indicators work together to generate buy and sell signals. I wouldn't buy or sell based on just these three indicators, but they're great as confirming indicators.
The rest of the book provides superficial coverage of options, trading concepts like Money Management, having and using a trading plan, keeping a trading journal, and pitfalls to avoid. If nothing else, these weak chapters serve as jump-off points for further study. However, as mentioned above, Chapter 3 alone is worth the book's price.
Now, let's get into the weeds with a few of the topics Markus covers.
Markus stresses the importance of finding the best stocks but implies that evaluating each stock individually is so time-consuming that you'll probably need his high-priced PowerX software. Since most readers aren't going to shell out a big chunk of money for his software, that little tidbit is useless.
Markus defines his Golden Rule as risking $1 to make $2 to avoid holding onto a trade too long. As an equity multiple, 2X is fine. As Markus states, not taking profits is one of the biggest mistakes traders make. He even adds the old cliche, "Nobody ever went broke taking profits." As I see it, that's equivalent to an NFL quarterback who dinks and dunks instead of throwing the ball down the field. Sure, the small wins are great. But your gains are capped at 2X.
I like Markus' 2% Rule, which states that you should never risk more than 2% of your account on any trade, especially when starting out or working with a small amount. This is a good rule to follow when trading.
I found Chapter 3 the most useful because it provides the specific chart indicator settings for his Power X Strategy, using:
1) Slow Stochastic
2) RSI (Relative Strength Index)
3) MACD (Moving Average Convergence Divergence
Markus gauges uptrends and downtrends by using the Stochastic and RSI with the 50-point centerline as opposed to the typical 70/30 or 80/20. He also uses the MACD in conventional fashion with its Signal Line.
Markus provides numerous examples of how he uses the three indicators together with a couple of other factors to determine exactly when to enter and exit trades. Although intended for short-term trades, I've also found his method useful for longer, trend-following trades.
Markus does a great job of showing how the indicators work together to generate buy and sell signals. I wouldn't buy or sell based on just these three indicators, but they're great as confirming indicators.
The rest of the book provides superficial coverage of options, trading concepts like Money Management, having and using a trading plan, keeping a trading journal, and pitfalls to avoid. If nothing else, these weak chapters serve as jump-off points for further study. However, as mentioned above, Chapter 3 alone is worth the book's price.
February 21, 2021
The Power X Strategy by Markus Heitkoetter is simply POWERFUL. The book explains in detail the process of trading stocks and options. It was written in a format in which all levels of traders could benefit from the information. The Power X Strategy is especially great for beginners because it explains information to be successful and profitable.
As a reader, if you can get past the advertisements for Markus Heitkoetter’s $2,800 Power X software you will learn a great deal about trading. The book was written as an advertising tool. Heitkotter is offering the book free via his website, readers pay for shipping and handling. The marketing of his software did not bother me. However, I know for some readers this could be a turnoff. To the authors' advantage, I will say he was not overly aggressive with his sales pitch in the book.
Before reading this book, I had some knowledge of options trading. I really appreciated the sections on 1.) when to enter and exit a trade 2.) how to find the best stocks. The most important section is “Take Your Profits.” Markus believes one of the biggest mistakes in trading is not taking profits. Staying in profitable trades too long is risky. The most memorable quote of this book, “Nobody ever went broke taking profits.”
As a reader, if you can get past the advertisements for Markus Heitkoetter’s $2,800 Power X software you will learn a great deal about trading. The book was written as an advertising tool. Heitkotter is offering the book free via his website, readers pay for shipping and handling. The marketing of his software did not bother me. However, I know for some readers this could be a turnoff. To the authors' advantage, I will say he was not overly aggressive with his sales pitch in the book.
Before reading this book, I had some knowledge of options trading. I really appreciated the sections on 1.) when to enter and exit a trade 2.) how to find the best stocks. The most important section is “Take Your Profits.” Markus believes one of the biggest mistakes in trading is not taking profits. Staying in profitable trades too long is risky. The most memorable quote of this book, “Nobody ever went broke taking profits.”
March 28, 2021
For traders searching for a strategy to use, I feel this a great one. There's also some very important money management techniques that I feel are spot on. I prefer to tweak the entry signal he likes just a touch as I feel a MACD crossover can sometimes be a day or two late to the party. I like to look for the rising histogram pointing towards a likely crossover in a couple days. I really enjoy this guy's youtube videos as well. He seems like a delightful guy and has a lot of interesting tips. He sometimes admits this strategy is not as effective in a sideways, choppy market where he then likes to focus on his other favorite strategy the wheel strategy. I love the wheel strategy as well and couples it well with the powerX indicators for deciding on favorable timing.
July 12, 2020
I have always thought investing or trading stock market is a gamble. I'm so glad that I read this book. I now realized how I wrong I was.
Through scientific method and analysis, Markus demonstrate how the power x strategy can help you gain profit through trading. His example and description are easy to understand and are backed by numbers. He showed me how to trade stocks/options with a simple, but robust strategy, and make decisions based on analysis but not with emotions and bias.
Through knowledge, discipline, and confidence, this book showed me that achieving financial freedom isn't just an unachievable goal.
Highly recommended.
Through scientific method and analysis, Markus demonstrate how the power x strategy can help you gain profit through trading. His example and description are easy to understand and are backed by numbers. He showed me how to trade stocks/options with a simple, but robust strategy, and make decisions based on analysis but not with emotions and bias.
Through knowledge, discipline, and confidence, this book showed me that achieving financial freedom isn't just an unachievable goal.
Highly recommended.
August 14, 2020
Outstandingly Simple
I have been trading for 20 plus years. Made some cash... lost some cash...made some and lost some more. This system explains what I was doing wrong- trading without a system and going for the homerun versus a consistent base hit. I got it now. Wealth is in my focus. Thank you!
I have been trading for 20 plus years. Made some cash... lost some cash...made some and lost some more. This system explains what I was doing wrong- trading without a system and going for the homerun versus a consistent base hit. I got it now. Wealth is in my focus. Thank you!
April 6, 2021
Read it more than once
Great info. Markus is a wonderful teacher that breaks things down in small bites that are understandable. I was looking for a comprehensive book on the power x strategy and Markus hit a home run with this book.
Great info. Markus is a wonderful teacher that breaks things down in small bites that are understandable. I was looking for a comprehensive book on the power x strategy and Markus hit a home run with this book.
April 18, 2021
Awesome book
I would Highly recommend this book to anyone who is looking to get into or experienced in trading. He clearly emphasizes that trading is more about discipline than strategy.
I would Highly recommend this book to anyone who is looking to get into or experienced in trading. He clearly emphasizes that trading is more about discipline than strategy.
December 13, 2021
Truly powerful
This is well written elucidating the drawbacks of trading.
Emphasis on having a game plan in place before any trade.
This a book for the wise trader.
This is to be read multiple times for total effects.
Nice.
This is well written elucidating the drawbacks of trading.
Emphasis on having a game plan in place before any trade.
This a book for the wise trader.
This is to be read multiple times for total effects.
Nice.
January 10, 2022
Pleased to have read this book via kindle unlimited and for free. The content included is too elementary and mostly focused on getting you purchase third party software you won’t ever need. The author offers interesting insights, but overall his approach is too snake oily for my taste
October 5, 2023
Learn to become a Trader
Don’t chase trades! Don’t chase Trading Systems either. Like Markus stated “ when a women is disturbed she buys shoes, and when a trader loses he buys another trading system. The problem was never with the system they use…only the person trading it.
Don’t chase trades! Don’t chase Trading Systems either. Like Markus stated “ when a women is disturbed she buys shoes, and when a trader loses he buys another trading system. The problem was never with the system they use…only the person trading it.
March 29, 2021
Good book written in easy language
Good book for beginners. Has everything, strategy, plan, psychology, money management etc etc . You will sure gain from it.
Good book for beginners. Has everything, strategy, plan, psychology, money management etc etc . You will sure gain from it.
May 6, 2021
Solid advice
There is some really solid advice in here from an obviously seasoned trader whose made the mistakes. Both in general stock trading methodology and money management.
There is some really solid advice in here from an obviously seasoned trader whose made the mistakes. Both in general stock trading methodology and money management.
May 8, 2021
Good intro to investing book. Quick read. Lots of good tips and advice for new and experienced traders.
Read
August 11, 2021I'm gonna hold off reviewing until I read it a second time...
February 2, 2022
Great book. Only wish I would have read this in my teens. haha. Seriously.
December 31, 2024
Una estrategia simple
Displaying 1 - 16 of 16 reviews