The Simple Strategy - A Powerful Day Trading Strategy For Trading Futures, Stocks, ETFs and Forex Paperback – November 4, 2014

As someone who just started learning Options trading as of last summer and trading stocks for over 4 years, I have been buying books and scouring the internet to gain better knowledge on Technical Analysis, Options Mechanics and just sharpening my trading, this has got to be the best and most simplest book i have ever bought. Now I graduated undergrad as a Business Admin-MIS major, some emphasis in Computer Science and now studying my MBA in IS and Computer Science, i'm pretty sharp in the mind. So when I decided to start learning investing I bought a few books, which I thought were pretty good but I started to search more and more and really needed something along the lines of learning specific strategies for Intraday/Swing/Momentum trading. This book did it. Like i said I am now a more focused options trader and just bought this book two days ago, back tested the strategy and its clear, cut and straight to the point...just how I like it. I studied the strategies in this book separately and have done moderately well in Options trading but as I am writing this and testing the strategy in the market as we speak, the strategy works. I wish I would have bought this book a few years ago. I highly recommend this book if you are looking for a simply strategy as the book is titled, so you can actually help consistently increase your portfolio. I am about to update my trading plan today!!Update: So I decided to come back and write an update review on this book. This book has done wonders for me. I updated my trading plan to incorporate this strategy in my trading and I've consistently had winning trades. The market, of course, will have its own direction but using this strategy will help follow that direction and snag some profits. For example, since I day trade options I make sure all my positions are flat by EOB and usually only trade securities that have a large daily swings, I tested this strategy with JC Penny which usually swings between a 10 - 30 cent change daily on the stock, I was able to get a 100% return on an Options trade because of this strategy. Now I maintain a set watchlist (about 10) of companies I trade using just this strategy. It works people. It's very simple, takes a lot of the confusion and noise out of the trading and the strategy makes sense because of the type of investment you are working with (read the book to find out what I mean by that). I am always looking to sharpen my trading strategy and this book did the trick. I actually started to learn other indicators and pair with this strategy and it's paying off. Get this book!!

I definitly would reccomend this book to new and advanced daytraders. I have been daytrading and swingtrading for 4 years and I like the ideas behind Heitkoetter's strategy. I especially like the riskt to reward setup and the mindless trading rules that leave all emotion out of each trade. I already impliment some of these strategies before I have read this book and I wont be changed anything with my strategy based on this book but for traders who are struggling and need a base and simple strategy this is the book for you. This book only takes about an hour to read which is very convienent for busy lifestyles so you really can not go wrong with this buy.-CodysTrades

I thought this was an excellent little trading book because it describes a real-life day trading strategy (most often used on futures markets), explains everything clearly, and gives lots of examples. I've read many dozens of trading books, and very, very few actually describe a real life trading strategy in such detail.Other reviewers unfamiliar with range bars seem to have issues with them, but I've been using them for many years for both manual and computerized algo trading, and they are my preferred bar style, for sure. So if you haven't heard of them, take it as an opportunity to learn about them and try them out.The author mentions the Genesis FT charting software (among others), and I can also vouch for Genesis. I've been using their software for many years, and have not found any other charting package that is so flexible. And their support is excellent, like the author's website support.There are no gimmicks or omissions in this little book. It's very well written, and easily worth the price. Many years ago I had the experience of working with the author's company and trading rooms (live web trading rooms) where users were guided through making trades in real time using the strategies in this little book. So it's all very, very real.I would easily recommend this book to anyone who is interested in trading.

It's okay. My review is based on numerous backtests of the strategy outlined in this book. I trade stocks on a 5 minute bar. Backtests were conducted using Wealth-Lab Pro on 400+ common stocks on NYSE, NASDAQ, and AMEX exchanges with at least 1MM shares traded daily. I read the book several times and referred to it many times to ensure backtests were coded in a way that matched the author's intent as accurately as possible. However, my tests were conducted using time bars which the author says are acceptable, but he clearly recommends range bars.Pro- The book does outline a strategy with many of the required mechanics. Both long and short strategies are described.- Straight to the point. Easy read. 1 hour max.- Reasonably priced.- Reviews some very common indicators that we should all be familiar with.Con- The strategy is not profitable for my target market based on above backtests.- The book is ambiguous in a number of areas. Words like "at or near" leave the reader wondering what the exact rule is.- There is not enough info on market selection. The book says that the strategy is universal, but it also says a trend is required. Does the MACD qualify the stock as having a trend? Is a mid or long term trend required? The reader is left guessing.In summary, don't expect to implement the strategy outlined in this book and start making money if your trading profile is similar to mine (above). However, there is some good info in the book that can't hurt to learn or refresh yourself on. With some modifications it is conceivable that a strategy similar to "The Simple Strategy" could be profitable.

Great

Hay muy buenos consejos aquí. Es un sistema sencillo y poderoso. Muy útil para traders novatos y avanzados.Muy recomendable.

Bellissimo libro , grazie Markus. La versione per Kindle è molto smart in quantoconsente di consultarlo tramite smartphone ovunque e in qualsiasi momento

Great little book! Shows you each step to the strategy with great examples! It won't make you a millionaire but it will give you a fantastic idea into the technical side of trading for beginners and after studying the strategy and testing it I found it a very useful and stress free way of trading! Great fun, for the price of the book I think anyone interested in trading should not only give it a read but also give it a go! NOT MANY BOOKS LIKE THIS OUT THERE SO PICK IT UP YOU WONT REGRET IT!

The Simple Strategy is easy to read and understanding book. I Will use this Strategy by my trading in MT4.

Read the book very quickly, and put into place what it preached. Very interesting and a new perspective for me and my trading strategy. Recommend this book as an add to your collection of trading books, enjoy.