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It's a beginners book and I don't think you should judge his trading skills off that book (I'm not sure if you are). But his ideas are simple, and thats what sells. Pivot and gap plays are prefect examples, they are simple to understand - how you trade them may not be. He could write out his exact strategy and you may never make a dime off of it. Does that make him a bad trader? Or does that mean you just can't trade his strategy like he can? |
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Just means that he has not actually presented how you
trade the strategy adequately. I kind of enjoyed the book from the 'inside the head of a trader' point of view but not a great beginners book. Funnily enough I originally bought it to see what he had to say about pivots but came to the conclusion that all the 'setup' stuff was filler, there's much better on these forums for example. At the end of the day setups are probably the least important part of the trading equation however many educators do great damage to learning traders by emphasising them. (Not saying JC did this particularly).
Cheers