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Book: Trading Day by Day: Winning the Zero Sum Game of Futures Trading :: Book
Date: Thursday, 08 January, 2009 :: 03:35
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Trading Day by Day: Winning the Zero Sum Game of Futures Trading
List Price: USD $65.00
from USD $52.96
Product Group: book
Manufacturer: California Pub
Studio: California Pub
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Editorial Review: Product Description
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.
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Reviews:
Average Customer Review: 
1 of 1 people found the following review helpful:
Summary: Take all reviews with a giant grain of salt
Date: 2008-10-05 - 
Comment: 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 quantitatively...)
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.
The reviews by Y. Kacija and SexyBeast "Terminally Ballistic" say what I'm trying to say much more eloquently.
2 of 5 people found the following review helpful:
Summary: 3 momentum-based moving averages, that's all folks...
Date: 2008-02-13 - 
Comment: Based on all of the positive reviews posted for this book, I had to see what the hype was about. After skimming it, however, I have to say it's just not worth it. The author basically uses momentum to create 3 moving averages - short-term, mid-term and long-term - then uses these to generate the most basic of trading signals which he then demonstrates to you with page after page after page of charts and examples. It's the same setup hundreds of times. And he keeps referring to a company called "SMR" which publishes the (very basic) indicators he uses throughout the book. This is not really a text for day traders per se - it might have some value for beginning swing traders with longer-term time horizons. You won't find any new ideas, any new insights into older ideas, any code, and you'll barely find an explanation for how to create his momentum MAs apart from "subscribe to SMR." Overall, a total waste of money. I returned it. For readers interested in an excellent book on momentum, try William Blau's "Momentum, Direction, and Divergence."
2 of 5 people found the following review helpful:
Summary: certainly not automated
Date: 2007-09-06 -
Comment: This book is basically about using moving averages. The author at times does not recommend using stop loss. Books by Elder + study guide I found to be more useful in money management area. The method is discretionary and is difficult to program into any computer for backtesting to see performance statistics.
7 of 8 people found the following review helpful:
Summary: One of the best futures books I have ever read
Date: 2007-07-26 -
Comment: This book turned my trading around. It took me about 5 reads and I switched back and forth between his other book Intelligent Futures Trading, as they are two different presentations of the same subject, with this book being the more detailed.....(the way the IFT book is written appeals to the left brain-the analytical side, and TDBD is more of the in depth version the right brain would appreciate-if that makes sense). Now that everyone thinks I am sufficiently crazy, I will continue: This book will make alot of people gloss right over it without realizing the true power behind the information presented....the info seems so basic that alot of "experienced traders" will go right past it like it is some kind of cliche book....WHAT A MISTAKE THAT WOULD BE! The problem with most traders is that they want to outcomplicate other traders, or find the secret method or whatever you want to call it. Chick explains in a realistic format that we as individual traders must bring the other competitors down to our level if we wish to succeed. Many people will read this book and not appreciate the information- but that is their problem. This book, along with Chuck Dukas' book and Stan Kroll's books are the best books I have ever read.
However, If I had to pick only one book- this would be the one. Chick is a man of integrity and one would do well to listen to everything he has to say.
It took me almost two years to write this review because I wasn't sure if I even wanted anyone else to know about it! But hey, Chick deserves some recognition for outstanding and extremely generous work he has done.
P.S. I still read his book over and over again-being 375 pages and a large textbook size, there is alot to grasp.....very hard to do all at once.....I suggest to read it, read it again, and then repeat often. I learn something new every single time. But maybe I am just dense.
4 of 7 people found the following review helpful:
Summary: Beyond belief
Date: 2006-11-10 -
Comment: What Chick teaches in this book has taken me from being a new trader to a profitable trader in less then one month. Check out his website and review his newsletter. This IS that one way of trading that you have been looking for.
It very well could change your life. It did mine.
Talk to Chick and tell him Steve Peters of FL says HI.
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