*** Proof of Product ***
Exploring the Essential Features of “Gary Smith – How I Trade for a Living”
How I Trade for a Living 1st Edition, Kindle Edition
by Gary Smith (Author)
Master the Markets by Trading from Home! how I trade for a living “Gary Smith deals in reality. If you want to really learn to trade for real profits, not hypothetical, mumbo-back-tested programs, this book is a must. I seldom read market books anymore, but I read every word of this important book. Get it.” -Larry Williams, author of Long-Term Secrets to Short-Term Trading “How I Trade for a Living is a remarkable book; truly a treasure trove of market information.. Highly recommended.” -Humphrey E. D. Lloyd, MD, author of Trading S&P Futures & Options: A Survival Manual and Study Guide “Straight talk from an accomplished veteran on how to succeed as a full-time trader. Gary Smith recounts the obstacles he overcame on the road to trading mastery and describes the strategies, indicators, and insights he used to reach his goals.” -Nelson Freeburg, Editor, Formula Research “It is always valuable to get inside the mind of a successful trader. Gary Smith does a good job taking you there in a book loaded with useful tips and helpful hints. A worthy addition to any trader’s library!” -Gary B. Smith, Contributing Editor, The Street.com “In How I Trade for a Living Gary Smith dispenses a healthy dose of that rarest of all commodities, vicarious experience from a consistently winning trader. New traders will find great benefit from looking over Smith’s shoulder as he generously shares with the reader the valuable knowledge he has gained over three decades of trading.” -Edward D. Dobson, President, Traders Press, Inc.
Editorial Reviews
From the Inside Flap
Gary Smith was bitten by the trading bug at the age of fourteen, and ever since he’s thought of little else other than how to make a fortune as a home-based trader. He bought his first stock in 1966, when he was just a college sophomore, and then spent the next two decades unsuccessfully chasing his childhood dream. Finally, in 1985, nearly bankrupt and ready to quit, Gary Smith had an epiphany that changed everything-and since then he hasn’t had a losing year and rarely even a losing month. His trading account has mushroomed from $2,200 to nearly $1 million. What did Gary discover on that fateful day in 1985? How did he achieve his phenomenal fifteen-year winning streak and earn an international reputation as one of the most successful home-based traders ever? Find out in How I Trade for a Living. What you won’t find in How I Trade for a Living are knotty mathematical formulas, complex technical indicators, heavy charts, or elaborate software demands. What you will find is a simple, straightforward approach to home-based trading that can be used by virtually anyone, anywhere. Unlike most “experts” writing today, Gary Smith has actually made it as a home-based trader. Step by step, Smith outlines his low-risk trading strategies and explains how to use them to trade stock index futures and mutual funds-his preferred vehicles-as well as individual stocks, options, futures, and junk bonds. He acquaints you with his favorite indicators and tells you how to get the most out of them. He offers a wealth of tips on recognizing market trends and riding them for all they’re worth. You’ve heard what the “experts” have to say about trading the markets. Now find out how it’s really done from a consummate pro in How I Trade for a Living. –This text refers to the hardcover edition.
From the Back Cover
Master the Markets by Trading from Home! how I trade for a living “Gary Smith deals in reality. If you want to really learn to trade for real profits, not hypothetical, mumbo-back-tested programs, this book is a must. I seldom read market books anymore, but I read every word of this important book. Get it.” -Larry Williams, author of Long-Term Secrets to Short-Term Trading “How I Trade for a Living is a remarkable book; truly a treasure trove of market information.. Highly recommended.” -Humphrey E. D. Lloyd, MD, author of Trading S&P Futures & Options: A Survival Manual and Study Guide “Straight talk from an accomplished veteran on how to succeed as a full-time trader. Gary Smith recounts the obstacles he overcame on the road to trading mastery and describes the strategies, indicators, and insights he used to reach his goals.” -Nelson Freeburg, Editor, Formula Research “It is always valuable to get inside the mind of a successful trader. Gary Smith does a good job taking you there in a book loaded with useful tips and helpful hints. A worthy addition to any trader’s library!” -Gary B. Smith, Contributing Editor, The Street.com “In How I Trade for a Living Gary Smith dispenses a healthy dose of that rarest of all commodities, vicarious experience from a consistently winning trader. New traders will find great benefit from looking over Smith’s shoulder as he generously shares with the reader the valuable knowledge he has gained over three decades of trading.” -Edward D. Dobson, President, Traders Press, Inc. –This text refers to the hardcover edition.
About the Author
GARY SMITH is a full-time home-based trader and the author of Live the Dream by Profitably Day Trading, which has been hailed as the best day trading book ever written. Gary has been profiled in Futures and Technical Analysis of Stocks & Commodities and is a frequent speaker at trading seminars. –This text refers to the hardcover edition.
Product details
Publisher β : β Wiley; 1st edition
Language β : β English
File size β : β 3034 KB
About the author
Gary Smith
My last book, How I Trade For a Living, was published in October 1999. That was a few months before the multi-year decline in the markets led by the crash in the technology sector. Because much of my success in the 1990s was riding the technology wave, many traders assumed I was just a one hit wonder and never to be heard from again. But that has not been the case. In the 21 years since How I Trade For a Living was published, I have been far more profitable dollar wise than I ever was in the 1980s and 1990s.
But my success since 2000 hasn’t come from daytrading stock index futures or swing trading technology funds and other sector equity funds. Instead, it has come from trading junk corporate, junk municipal, emerging markets, and securitized bond mutual funds. The last 12 years since 2009 have been the most profitable. During that span through June 2021, I have made over $2,700,000 with less than a 1% drawdown along the way. That averages out to some $225,000 annually and a long ways away from my initial stake of $2200 in the Spring of 1985. It just demonstrates the power of the compound effect of consistently and persistently compounding oneβs capital over time. My attraction to the bond funds are their trend persistency over long periods of time combined with their low volatility. I have always preached that traders need to find their own trading niche. I found mine in the bond funds and using the same momentum indicators I used while trading the stock index futures and equity
Customer reviews
GeorgeS
One of the few books written by a guy with a track record
There are tons of trading books out there, but this is book to me is very special. The reason? It was written by a guy who tried for many years to succeed, ran up against a wall for 19 years, and finally broke into the profit zone. Even more important, it was written by someone who has a verified trading account, with a performance that shows what compounding can do over the course of years. I don’t know who else has such verified results!
This book is the testimony of a real trader who trades for a living, who managed to learn the big secret to success – learning from failed trades, and setting concrete goals (in Smith’s case, to be profitable every month), while eliminating the urge to get rich quick. Once those things happened, he emerged from break even land to excellent profitability. Smith managed to intra-day trade the S&P futures contract (full size) on a $2200 account over the telephone, without any computer charts (I wonder how many traders could do that today?). Once he built his account up to a respectable six figure size, he began swing trading mutual funds.
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