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The 1 Hour Trade: Make Money With One Simple Strategy, One Hour Daily (Langham Trading), by Brian P Anderson
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How to Generate an Income, or Grow Your Account Balance - Trading as Little as 1 Hour Daily
Is the market beating you up? Do you feel like you're taking one step forward, 2 steps back with your investment income? Would you like a proven, step-by-step strategy for generating consistent trading profits?
Trading is one of the few ways to realistically create your own "Rags to Riches" Story. But it's not a get rich quick strategy that will get you there. The secret is to adopt a laser beam focus on ONE specific strategy until you've mastered it.
In "The 1 Hour Trade," you'll get a detailed, step-by-step blueprint that works. Unlike other trading books giving you investment theory, you'll be taught a successful strategy in its entirety, including the specific scanning parameters for locating the trades, the exact analysis decisions you'll need to qualify the trade, and the specific steps to take to execute the trade and come out with a profit.
This Book Is Not a "Black Box" Automated Trading System
You will need to use your brain, and work hard practicing the analysis process in order to be successful.
But if you follow the strategy, and maintain discipline & patience, the setup taught in this book will make you a better, profitable trader.
"The 1 Hour Trade" details a short term investment system for getting into stocks making big price gains. The best part? It can be done in as little as an hour after the market opens each morning.
You'll learn how to:
- Scan in real time for stocks poised for huge intraday gains
- Analyze chart history to identify whether a setup is likely to succeed or not
- Identify areas that allow for optimal exits in order to maximize profit
- "Listen" to what the price action and volume are saying about what's likely to unfold
- Sales Rank: #139077 in Books
- Published on: 2014-11-14
- Original language: English
- Number of items: 1
- Dimensions: 10.00" h x .23" w x 7.00" l, .0 pounds
- Binding: Paperback
- 100 pages
About the Author
Equities Trader, Entrepreneur, and Author "Proven Investment & Trading Strategies for the Price of a Cocktail" Becoming a profitable trader or a successful investor is hard enough; accessing quality information and tools to improve your skill shouldn't be expensive. Brian has been trading full time for years, and made every mistake and bad decision one can make in the market before finding success. His books will help save you from the mistakes, and set you up with the tools and step by step strategies you'll need to fast-track your skills. No fluff, no long winded dissertations on market theory, just the core strategies you need to set yourself up for success. Not a "get rich quick" formula: this stuff is hard work and takes mental discipline. But if you're ready to work hard and maintain a strong will, he can teach you proven setups that will create an income or grow your account balance. Aside from building LanghamTrading.com, trading stocks, and writing, Brian enjoys spending time with his family, loves a good conversation, is an avid reader, a sports enthusiast, and a fan of all things 80s.
Most helpful customer reviews
70 of 76 people found the following review helpful.
SIMPLY THE BEST BOOK ON DAY TRADING.
By Bobby Bureau
This is simply the best guide to day trading out there.I have read two other day trading books and they were nowhere near as comprehensive, concise, and organized.
This guide is simple and straight to the point. No BS and no redundancy used to lengthen the book, but rather used tastefully to strengthen retention of core elements of the profitable strategy.
It was such an easy read that I sat down with a cup of coffee and finished the book at the same time I finished sipping at my mug.
Despite it being a quick-read, it was full of more information than other books I have read.
I will update this review with the success of this strategy, but I can tell you from my 2 years of experience in the stock market and knowledge acquired from other books that this guide is "on point."
UPDATE:
It has been a while since I made this review. I have personally used this strategy for a while now with great success. This strategy has worked for me. I have made more profit on trades with this strategy than losses and the profits were quite big on some days. I still highly recommend this guide.
11 of 12 people found the following review helpful.
Like most beginning traders
By Filibogado
This book is pure genius, which I arbitrarily define as the author’s uncanny ability to find eminently workable ideas while searching for that elusive profit-making needle in the vast haystack called stock market trading. Like most beginning traders, I was afflicted with irrational exuberance when I first jumped into the world of day trading, buoyed by promises of untold wealth by the marketing hype that is prevalent in this medium. I read dozens of books, watched loads of videos, joined a paid chat room, subscribed to strategy-scanning services, thoroughly convinced that the quantity of material absorbed during the learning process would incrementally build up my portfolio.
Well, it hasn’t - not yet anyway. The core lesson I learned in reading this book was that the quantity and complexity of learning material absorbed has no direct bearing on one’s success in day trading. To the contrary, the inevitable clutter from having so many theories and studies and strategies in one’s head only causes one to be initially bewitched, then eventually bothered and bewildered, and leave one in a state of mental paralysis.
This book offers a refreshing change to that scenario. The trading methodology taught is so simple that most day traders, even the most jaded ones, would overlook it - yet it is right there in plain sight - stunning in its simplicity. I won’t give away the store, but the trading pattern being taught is very meticulously laid out in almost excruciating detail, minute-by-minute: do this, then that, after which do this, etc. , thus well-deserving of its descriptive title - the one-hour trade. It is mechanical to some degree, but it has built-in risk management features, which, when coupled with a healthy dose of common sense, will go a long way in enhancing your portfolio while preserving precious trading capital. Knowing when to enter and when to exit is the cornerstone of effective day trading, and this book tells you how to do exactly that. It goes with the caveat that precise timing is the key success factor in day trading, and once you develop that sense of timing by being in sync with the market, the techniques taught in this book will most assuredly enhance your chances of success. I eagerly look forward to reading the author’s next book in the series.
7 of 8 people found the following review helpful.
Simple strategy in a well-written book
By Yippee
I found this book when I was struggling with day trading momentum stocks, struggling particularly because I had trouble deciding on entries when something was moving quickly, judging whether momo would hold, etc. During that time (last fall), I purchased a number of "simple" trading books on Amazon. A lot, as other reviewers note, were pretty bad, but I think it's good to learn as much as you can about different approaches, indicators, styles of trading, setups, etc and see what works best for you, what makes sense. Brian's book was very helpful to me because it focuses on one setup and mastering that, which I think calmed me and helped me realize you could just focus on a few things instead of chasing or trying to chase what others follow in various chats (which I was not very good at). The only issue I had with the setup was that the broker I use doesn't have a scanner that fits the parameters for this setup so configuring that took some adjustments. I was in Brian's chat for a while, and he's very helpful, comments on things people are seeing in the market, group seems to be a good one. Another reviewer noted that not a lot of setups came up that fit the book, and I think that's probably true, but if you can find something that has high expectancy overall, you can still make a good bit of money trading it, and then add to your arsenal as you grow as a trader. The book is also written clearly and helpfully, not a lot of fluff. He also has charts online you can reference in connection with the book - those are helpful as well.
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