[isatrader]

Thanks for these two answers.

It would be good to compare notes, Malaguti, when we're done. For example I remember reading at which percentage a stop level should be placed but can I find it now? Never mind, on this trawl through I will come across it again.

I get the impression that initially Weinstein wrote his book about trading only and did all the charts with his 30 MA. Then somewhere along the line he decided that he had Investors as well. So the initial Traders became Investors and then the Investors were the new class with the new 10 MA.

The charts weren't re-drawn so we have the wrong moving average on them and whilst he shoehorned the new class in the book with new subtitles the proof-reading and editing wasn't up to much and I think that this is why we have the problems with understanding what's going on.

Anyway, that's my personal belief as to the cause of the confusion which we have in the book. Anyway, that's my belief and I could be the only one confused here.

I will push on with the book and highlighter from where I am and see what sort of document I can build. If I ever finish may I be permitted to share it on here?

- Malc

Of course you can post your notes on here. Also, if you want, you can start a thread in the journals section, as you are permitted to have your own thread in there, and so you can post your notes and charts etc and create a note book to refer to if that would help. It would be your own thread, so you could create a good resource for yourself and others.

I would disagree about what you said above in that he favours trading over investing as in multiple interviews he's stressed that the long term is a 10 on the Richter Scale and the short term is only a 2 out of 10, and always seems annoyed by the short term questions. The book is also largely focused on the investor method, with only a small parts on the trader method, which is why we've had to discover more about it over time from the Global Trend Alert newsletters and other resources and interviews, which is why the books by Mark Minervini and William O'Neil have been so useful imo, for the shorter term traders as both focus much more on the trader method style of stock picking and timeframe and Minervini's book specifically expands on Weinstein's work for short term traders.