The Trendadvisor Guide to Breakthrough Profits: A Proven System for Building Wealth in the Financial Markets

by Chuck Dukas, Ralph Acampora, T. Parker Gallagher

Book Overview

This proven system will help you profit in any market environment while trading any financial instrument. Whether you're a seasoned professional trader or newcomer to the world of investing, you must... This description may be from another edition of this product.

• Format: Hardcover
• Language: English
• ISBN: 0471751472
• ISBN13: 9780471751472
• Release Date: March 2006
• Publisher: Wiley
• Length: 208 Pages
• Weight: 0.90 lbs.
• Dimensions: 0.8" x 6.3" x 9.3"

Customer Reviews

Simple yet powerful

It's a sign of a novice trader when they bash books that present core concepts of trading/investing rather than fluff such as "revolutionary" indicators, or "new concepts in trading." Yes, this book is short and simple, but it presents a concept that most wannabe traders totally miss. Dukas shows you an elegant but simple strategy of providing a framework to price action (similar to Stan Weinstein) that, if anything, serves as a guide post for your trading decisions. This was what I have been missing. Does Dukas illustrate specific trading setups in the book? No. He provides the framework and then leaves it up to you to design a approach that fits you. If you don't want to do the work to design your own strategy then you shouldn't be in this game. The more years that I get behind my belt, the more I realize that 99% of the trading books out there are useless. Sure, they are packed full of pretty graphs or trading setups, but they don't get you to think for yourself and help you truly understand what drives price movement. In summary, if you're looking for a framework to guide your trading decisions, then this is the book for you. Highly recommended!

Apparently simple ... yet very powerful ideas

This is a book that explains that markets move by phases and how markets can be traded depending on the phase they are. The books starts showing how to setup a template to analyze a stock. This is done by means of some very well known oscillators. This could appear very simple yet the author explains how this setup translates into market phases and how these oscillators behave during each phase. Taking these concepts into account, the author complements the overall strategy to follow by applying money management rules and even shows examples of how all of this is done. The book contains many charts and follows a certain rythm. All of this is done in order to achieve the objective of "training the eye" in order to detect how to apply all of this whenever trading for real. I really like the strategy of simplifying the different scenarios and timeframes that can be found and going step by step in order to decide what to do next. I have read many trading books. I highly recommend this book for both the novice as well as the advanced trader and I think this one of the best trading books that is that is available.

A Breakthrough to understanding the market.

The reason I have read numerous books, attended many seminars & spent thousands of dollars is because none of them could fully explain the intricacies of how the market worked. Not until I read "TRENDadvisor Guide to Breakthrough Profits" did it all make sense. Chuck did a phenomenal job in explaining the dynamics of the 6 market phases and how to trade them. In addition, Chuck educates the reader on the importance of money management and having a Disciplined Trading Plan. This is a must have book for every trader who is serious about making money.

Essential reading for anyone interested in mastering the markets! AWESOME!

Dukas and his book provide a powerful and robust system that is an integral part of my daily trading plan. If you are serious about trading and thirst for a level of consistent, massive profit opportunities ... then look no further than the "TRENDadvisor Guide to Breakthrough Profits"! I am a full-time trader and have spent thousands of dollars on courses and coaches - the TRENDadvisor Diamond has blasted away the competition and provides a clear and consice understanding of price action and trend. By the end of this book, the reader will be able to quickly categorize the strength and weakness in a stock and know when to enter/exit a position based on high probability selection criteria. Unlike most other books that I have read, Dukas provides the reader will all of the tools necessary to start drafting a trading plan of one's own - a plan that has already stood the test of time and reason. Brilliant & sensational! Highly recommend ....

The TRENDadvisor Guide to Breakthrough Profits

Want to be upfront and honest; I am a student of Chuck Dukas since December of 2005. I have been a day trader for about a year now and have taken extensive courses through professional company where I've learned how trade level 5 options. These classes were very expensive, running into the thousands of dollars. My results have been less than stellar and for additional guidance it would cost me thousands more. Under Chuck's guidance we have covered most of what is in this book. I say most, because Chuck has been taking me one step at a time. My biggest problem has I've been trading without a plan. One cannot develop a plan until one knows what the market is doing at any given time, how to trade it, based on what we see, not what we think, feel or hear. In addition, you need to know what type of trader you are, long term, short term (months) or investment (years). Chuck's book "TRENDadvisor Guide to Breakthrough Profits" takes you from the beginning of how to look at the market, and equities in any stage, how to trade them, long or short, and close the trade with what we all want, and a profit. This is all based on a plan, which is laid out in his book. The book is easy to read, in-depth, tons of charts, and tools, which, when put together with a trading plan will lead to profits. Since using Chuck's methods I trade with confidence and finally make a profit month-to-month. If your a trader, not seeing the results you want, I would suggest purchasing this book, study it, develop your own trading plan to fit your style of trading. The results just might astound you.