Don’t just read this book – study it

Much needed read

This book is great for anyone interested in trading. Whichever level you may currently consider yourself (novice all the way to expert), I believe that this book can add much needed “skill points” to your trading game.

Basic, wonderful, sometimes brilliant

Some passages are like a great movie, more and more resonant with each run through leading to a sense of disbelief that the writer could have anticipated and baked in so much great insight. On reflection, I think that’s a function of how carefully Link has sequenced what he shares with you.

This is the one!

At the risk of being repetitive, I’m going to have to give this book another stellar review. Like many others, I have read a hundred other trading books and this one stands heads above the rest. The author is obviously an active trader and is not ashamed to divulge his weaknesses, even current ones. He covers all of the necessary bases (psychology, money management, risk management, setups, tradeable markets, etc.) without being excessively wordy. He is one of the few traders who can actually write relatively well.

MUST read book on trading. Grab a highlighter, then read it again.

This book and the very first “Market Wizards” by Jack Schwager are 2 books that I make sure I read every year during the Holidays. There is much information in these books on the psychology of trading it will blow your mind.
The Chapter discussing MACD Divergence and the ADX alone is worth the price of admission.

It seems I continue to enjoy each re-read of this book

Many trading books I’ve read and put up on the shelf . High Probability Trading is one of the few books that came back down off of the shelf to be reread.

A must read…….TWICE

This is a powerful book that every aspiring trader must read at least twice. Trust me on this, no matter how many times and how closely you read it as a new trader, you need to read it again after you have been in the market for a year or two. Only then will all of the lights go on and you will begin to understand all of the insightful and perceptive observations that Marcel Link has tried to give you……..and that you and your ego have most likely ignored. As a trader with 14 years of experience, I can say. This man simply reads my thoughts. But he formulates them better and takes them one step forward. Reading this book is a great pleasure. I envy the one who has it ahead of me.

Realistic perspective

The ideas he is sharing is very much realistic and experienced by most traders. It is so far the best read I ever had and it actually change my mindset on how we should trade. Thank you Marcel.

The only way to trade successfully

The title of this book speaks volumes about what you will find inside. What the author discusses through out this book is how to make every trade give you high probable odds to make money. Trade unemotionally, don’t get greedy, and don’t try to make the market pay you back for past losses. Do not become arrogant and stop using a proven system. Wait for a pullback to buy a hot stock instead of buying at an all time high. Do not over trade, wait and watch for a great set up. Give trades room to develop do not set to tight of stops. Give winning trades room to run before taking profits. This book is an all in one book for successfully trading covering all the bases, technical trades, money management, risk management, and the psychological aspects of trading. No trade is a sure thing, we deal in probabilities, increase your odds by practicing what this book teaches. I highly recommend. Also read ALL of Dr. Alexander Elder’s books for more specific trading principles involving your mind, method, and money management.

How to REALLY Make Money Trading

I have read over a hundred books on trading, and have done discretionary, technical, and totally-systematized trading with TradeStation, MetaStock and others, both directly and through “trader-assist” programs, for nearly 20 years. I wish I had read this book years ago—it would have saved my hundreds of thousands of dollars!

Mr. Link generously shares all his trading experiences: the techniques that have made money, and the ones that haven’t; then, step-by-step, he builds a complete trading methodology for you to employ—one that, if you only stick with it, is highly likely to make you a great deal of money.

In the trading industry, there aren’t very many folks who actually know what they are doing, yet are willing to truly share their knowledge with you—Charlie Wright comes to mind as one; Mr. Link is another one of those very rare and generous individuals. I am grateful to him, and once you read this book, I believe you will be too.  I whole-heartedly recommend this book

Perhaps best book on making a living from speculating

Link’s book is among the best book you can read about if you serious about making money investing for a living. There are tons of books about technical analysis and stock picking, but you won’t get far unless you can recognize and control emotions, have a system and money management plan, and learn discipline. High Probability trading is one of only a handful of books that covers those aspects, which is most important in determining your success. Unlike many guys, he actually admits to making big mistakes and blowing through $$$. You have to accept the fact that you’ll lose money at first and that large chunks of money that you blow through is really “trading tuition”. This guy is really an ordinary Joe who has journeyed through many painful experiences in the investing world. Link teaches you how to deal with them.

I’ve read Trader Vics book and it doesn’t hold a candle to High Probability trading. The only shortcoming is that Link does not cover techniques of speculating in options.