Highly recommended, but rather than go through a "review"-- which there are already plenty of on Amazon. Essentially, the ideal setup is something I already look for, which is a powerful move followed by an early base:
Then the "Perfect Speculator" trails the stock on weekly charts.
The one example is TASR. I thought I would chart the Trade Journal entires from Tasr.
10/3/03 Entry 1:
Scot1and: My slingshot entry would have put me in 2 days earlier
My entry would have been 3 days earlier-- Slingshot on big volume.
EXIT:
Hmmm, nailed the top? I call B.S. The problem with this sale, is that our trend follower quits trend following and sells into exuberance.
Consider the previous "blow off" - =60% in 3 days doesn't trigger a sale?
Conclusion: There's a lot to like in this book, just don't use the example trade as the template.
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