Momentum Masters: A Roundtable Interview with Super Traders with Minervini, Ryan, Zanger & Ritchie II Hardcover – January 1, 2015

I have read probably three dozen trading books, and there are several I read again and again. Out of that handful, this one is by far my favorite. While most trading books start from the ground floor and work you up to intermediate skills, this one starts from intermediate and touches on advanced concepts. I love the round-table flow of it, that makes it simple to breeze thru in under a day. I also like comparing the different strategies employed by each 'master', as I view trading as a toolbox like these guys do... your strategy will not be the same as theirs, but you can see how each adapted different tactics to fit their style and temperament.

What a great book! I would call this the situational awareness trading manual. It's really a great format with questions I would have asked myself. They are such that every level of trader can benefit. The multiple answer format allows you to see the thought and individual "art" that's behind every great trader. Momentum Maters cuts out the clutter - really holding these guys accountable to the advice given. After all - they have each other to answer to in addition to the reading audience. Every trader at all levels should take a couple of reads though Momentum Masters (I am at one but will pick it back up and read though it again)! Well done guys. The icing on the cake is that you can see them live together - asking any question you want. And they stay until every question is answered.I know to some this will sound like a commercial. But I am a real trader that considers myself a "nugget hunter" for continuous improvement. I also want to point out the real - all too many aren't. These guys are real.........

This is a good book and you will learn a lot from each trader, you will find a common pattern that will help you improve your trading results, as you must read it a number of times for it to be memorised so when you are in a situation in your trade or not, you will be able to recall what the master traders did in a similar situation, helping you through that situation. Its like having them mentoring you by your side!

I really enjoyed the book. Still, I think it's not a book for beginners. You have to be a decent/mature-enough trader to have those "aha" moments.. so you understand what they go through.. Understanding what they mean by being a 2-to-1 trader, etc.. There is a high probability that a beginner doesn't even keep good records of his trades. How can he know what kind of traders he is. You'll need to be at that stage of your "trading career" where you know your stats (Win/Loss ratio, hit rate, highest gain/loss, average gain/loss, etc) in order to fully grasp what there is to understand in this book.Several good insights worth reading such as risk management, positions sizing, etc. I enjoyed the "Don't get in a position all at once.. split your order in 2 or 3 pieces" so if you lose, you'll lose less. Don't be ashamed to take profits (which is somehow the opposite of what we hear in other trading books)... I like their take half of your position off the table (a profit is a good profit no matter what) and let the other half run its course. Cut losses quick...cut it, cut it cut it.. even quicker than I thought.. Those guys don't let room to their stocks, if it doesn't act properly, they'll cut faster than their actual stop/loss.What I don't get on the other hand is "why are those guys talking now?". You can find many profitable traders out there and they are not so talkative.. Let's say they make their $$ and move on with their life. They rarely share their trading skills. Minervini used to not say much (see his market wizard interview).. still, don't get me wrong I love the guy.. I consider him the Roger Federer of trading.. elegance and skills.Important to note as well that these guys are what I call "olympic champs". There is a low probability that you'll be the next 500 / 1,000% a year kinda guy... but there is plenty of room between the 0% and the 500%...and if you add the beauty of compounding on top... great things are ahead of you.