Money-market-security

The book has a lot of detailed historical information about the financial systems. Unfortunatly the author pay too much attention to history and not enough on practical fundementals. There are several errors and steps deleted in the book. Plus not enough examples are provided in comparrison to the problems assigned. Even my professor stated that the 7th edition had plenty of problems that won't be resolved until the 12-13th edition.

Overall, I believe that most Wiley Investment Classics fall into two different categories, books that are indispensable and fascinating reads, and books that are to be purchased, suffered through as long as possible, and then placed on the shelf for display. "Where the Money Grows" belongs in a third cateogry with "Where are the Customer's Yachts" by Schwed - this is a fantastic quick read with some very pointed insight on Wall Street.

This book is best if you actually work in investment banking, and are not an investor looking for financial wisdom. There are some great chapters on the types of people that you run into in the investment banking world, most of which are recognizable to anyone. The chapter on "Wall Street Habits" is a great commentary on the self-prescribed routines of most people in finance. These words still ring true some 70 years after they were first written. Other chapters on "The Hoodoo" about the bad luck deal guy that everybody in banking knows at least one of, are very pointed. Everybody knows the guy that just can't close anything, regardless of how they are involved. I also enjoyed Chapter 8, "The Invisibles," good for anybody who ever wondered who "they" are, as well as Chapter 11, "Taking Trouble Home" which brilliantly illustrates how people often removed from the market are able to see it with greater clarity.

This is a good little book - I recommend reading it.

From the content to the writing style this book scores a zero. The book is more of a sales piece for another book Stridsman wrote. I have never heard of someone being so stuck on percentages. Stridsman should be a middle school math teacher. Of course percentages are important, but I don't think we need to pay nearly 40 dollars for a magazine columnist to tell us that. I guess if you happen to want to buy his code for tradestation you might find the book more interesting, but you can get that stuff for free off of many sites. Don't waist your money.

Wow, what can I say? This is a huge disappointment. I don't think you really need this book because Stridsman's first book is good enough and better. The problem with this book is that the systems are rehashes of articles that the author has already written for Active Trader magazine, and the systems are not even that good. This book is "been there, done that" -- it does not advance the technical analysis literature with any new concepts or ideas. I had a strange feeling of deja vu only a few pages into the book. Again, I am really surprised that this book was released - cannot recommend it at all.

It doesn't matter how great your system is if you don't have a relevant money management strategy that will sustain you for the long run. Mr.Stridsman does just that. He does not pull punches in showing the relevance of trading systems and how useless they are if there is no money management component.

He then goes on to show you how to combine these two seemingly disparate concepts into concrete solution for trading jus about any market.

Where he falters is in the mechanics of the actual items that you can trade. Especially with single stock futures now on the scene I would have like to have seen some examples of single stock futures in the book. In this instance I would combine Mr.Stridsman concepts with the book "Single Stock Futures For Small Speculators" or "Futures For Small Speculators".

Otherwise I was thoroughly impressed.

This is the worst investment book that I ever bought. How the author ever managed to get published is beyond me. Example: "Way #XX: Don't buy on margin, it's too complicated." There may be reasons not to buy on margin, but come on. I honestly got the impression that margin was too complicated for the author to understand. He gave a money example, showing how you will loose on margin even when the stock price rises that was just flat out wrong. I couldn't believe it.

a very factual to the point book. very unlike most books about the markets which are mostly author biographies, war stories, and personal opinions. this one gives a good illustration of how peddlers and sharks of the business work their craft.

The book's indicators are not for the mathmatically challenged, written for Tradestation. That is the majority of the book - BUT, the systems used to win the trading championship were very simple and basic. Not these complex formulas. Looking at the equity curve and his spotlighted trades, it looks like he got lucky, catching the right 2 markets and 3 - 5 trades that made the contest for him.

The sections on setting up your screens and computer are obviously very out of date. Nothing special here, you're not missing anything.

it's not great either. I thought it was better than the other "1 star" reviewers. I believe I enjoyed it better because I had no expectation for this book to really teach me anything spectacular.

His work is not too complex, it's just that he presents so many indicators, and then combines them. I thought his use of Kurtosis was interesting and some of his ideas are worth further research if it complements your current work. If you've already devoured your favorite books and are looking to increase your stock in short-term trading ideas, it would be worth a read.

I have to agree with the other reviewer who said that his success in theRobbins Championship came from just a few profitably outlying trades.

Wait to buy it used for ... less.

Jensen has described mathematical methods for measuring, and then for predicting, changes in price momentum. This book is not light reading, but the effort invested leads to a method for computer-generated signals which predict when a price series will reverse. This concept can be a powerful tool, with signals which are leading or coincident to turns. Although Jensen deals with other aspects of trading, this is in no way a book for beginners. For the serious student of the market, it is more than worth the trouble.