Sniper Trading: Essential Short-Term Money-Making Secrets for Trading Stocks, Options, and Futures

by George Angell

Important lessons and key investment strategies for trading stocks, options, and futures Sniper Trading helps readers fine-tune their trading to the point where they know exactly where the market will... This description may be from another edition of this product.

• Format: Hardcover
• Language: English
• ISBN: 047139422X
• ISBN13: 9780471394228
• Release Date: January 2002
• Publisher: John Wiley & Sons
• Length: 242 Pages
• Weight: 1.25 lbs.
• Dimensions: 0.9" x 6.3" x 9.2"

Customer Reviews

Absolutely stinks just like the rest of his books

The only thing good about this book is one picture of the slow stochastic, which of course is the way to trade. And he didn’t even get that right because he shows you exactly how not to trade it. Save your money on the book - it stinks.

Helpful book

I find the book enlightening. It can be a bit repetitive, and some of the information is not that well organized. However, the content is there. Some of the pages have very concentrated content, you have to read them several times because there are so many concepts presented. Apparently the pay-by-mail LSS system he sold was marketed somewhat dishonestly, but that doesn't mean he's not an excellent trader. I find this book helpful in identifying mistakes and broadening my understanding. It is worth noting the book focuses primarily on futures trading in its examples, however the concepts apply to trading in general. This book is definitely not a waist of paper as some of these reviews seem to imply. I purchased this book after reading in it in a bookstore, if you doubt its content read in it first. Just my thoughts.

Top 10

This book is one of the top ten books on trading & investing that I've ever read. Mr. Angell has given the retail trader a real gift in terms of being able analyze the market based on price action (which is the final arbiter of value). If you work with the methodologies and formulas in the book, lay them out in a spreadsheet, track the market by its Oscillation in combination with increasing or decreasing Momentum while keeping an eye on the 5 and 1 day Strength measurements and initiating trades in the buy envelope, sell envelope or at the pivot point (long or short based on market momentum) there is a very high proability that you will learn to trade extremely well. This of course, will lead to making a substantial amount of money.I recommend purchasing this book and the workbook, setting up your spreadsheet formulas and tracking your commodit(ies) for a period of a month via paper trading while you figure it out - You MUST keep good records and track the information in a spreadsheet so that you can create a good historical understanding of the market's price action in relation to the differnt value measurements. (I'm using it with the E-Minis, but I'm sure it will work for any commodity).Note: (It took me a total of about 6 months of sitting in front of my screens and analyzing the market movement to put it all together-so, there is a learning curve, but believe me, it was worth it).Good Trading and Good Luck!

Informative and unique look at the market

I found this book to be very helpful in designing strategies for day trading. The author uses a very mathematical approach to viewing trends and tries to pinpoint a system where it's not so important what you trade, but when you trade. He uses several examples and unites them into a methodology that works. My only qualm with the book is that he leaves a few points vague that I thought would have helped even more. All in all, if you have time for the market, you probably have time for this book.

Best Book On Trading I've Ever Read

"Sniper Trading" is a book I would highly recommend for serious traders who are intent on trading the markets as a career. For me, this book acted as a catalyst to bring together a number of different subtle concepts which I had intuitively sensed for some time, but never really put together into a coherent whole. Namely, the idea of using day of the week bias combined with Gann's notion of market symmetry was quite a revelation, and this has already paid off by notably improving my trading success rate. But Angell doesn't just present this material simplistically. Instead, he adds a great deal of personal insight and some novel variations and methods that make the book a one-of-a-kind gem. I bought "Sniper Trading" about five weeks ago after twelve straight months of losing money day-trading tech stocks. I began utilizing the ideas immediately, and since that time (in the last month) I have had an 80 percent success rate in my daily trading, and that's with over 150 trades. You can't just pick up this book and expect to make money, though. If I had not had that year of experience under my belt first, I don't think anything could have helped me to trade better. But if you've already been trading awhile and are looking for an impetus to propel you on to bigger and better things, this book may be just the ticket. Thanks, George, for a true masterpiece!