FINANCIAL AUTHOR AND TRADING EDUCATOR
My first published book, I always disliked the word “investing” in short term trading. To me, investing is not the same thing as trading. It’s a matter of how long you want to hold the investment, and how much attention you’re going to pay to it.
With investing, I think you’re looking at something you hold onto over a period of years, perhaps checking every quarter that it’s still of value, and fulfilling your hopes. Typically, this is what you would have in a retirement account, where you might check on the funds’ performances at intervals.
On the other hand, trading is a watchful experience. While you can set automatic orders for things like stop losses, it implies to me that you are taking an active interest in what your money is doing.
The other problem with the title of this book is that it is called “Complete”. In truth, for one paperback book to completely describe the world of trading is a futile prospect, and I don’t believe anyone should expect otherwise. But it does cover the complete world of trading, although not in the depth that more detailed courses and books, costing thousands of dollars, can go into. The few criticisms that I’ve seen in reviews tend to pick up on these two aspects.
But I believe on the whole that the book accomplished its goal of being a guide to help particularly beginning traders understand what is involved, and provides a good grounding for further specialization and research.
Why then, did the book have this title, you may ask? Mainly because it is one of
a series of how-