My rating: 4 of 5 stars
This is not a book for those who like to play things safe. Carlucci seems to have developed some pretty solid analytics. I disagree with him about stopping all trading when the market is down. I prefer Warren Buffet's advice to buy when the market is down. But honestly, I'm a buy-and-hold, dollar-cost averaging kind of girl, so Carlucci's market-timing strategies are a little too far outside my comfort zone.
Nevertheless, I admire the chutzpah of anyone with the nerve to follow through on this advice. His description of end-of-day trading is thought-provoking -- and explains that bounce we so often see in the charts after 3:30 p.m. You can tell the traders get active then. I didn't realize just how much thought went into those trades.
I read this book mainly for its perspective on how the economy is likely to perform over the next decade, and Carlucci offers some good insights there. Lots to think about, and some advice on commodities trading that might be worth pursuing if you have a high tolerance for risk.
Disclosure: I downloaded this book when it was offered for free on Kindle.
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