Review of The Art of Contrarian Trading: How to Profit from Crowd Behavior in the Financial Markets (Wiley Trading) (Hardcover)

I am the author of "The Art of Contarian Trading. I just want to give you a little background on me and explain why I wrote this book.

The story starts nearly 50 years ago. On my way home from school on a spring day in 1961 I stopped at our local 5&10 cent store. I noticed a red covered paperback whose title told me that for 50 cents I could learn how a dancer, Nicolas Darvas, had made 2 million dollars in the stock market (probably equivalent to 20-30 million in today's economy). This little book started me on a road I have traveled for nearly 50 years now.

I started charting the stock market in 1965 and have been trading stocks and commodities since 1970. In the beginning I thought that technical analysis was the key to profits in the markets. I was wrong. Lots of people used technical analysis - but very few seemed to profit very much from their efforts.

I set out to learn what separated the winners from the losers in the game of speculation and investment. My 2009 book "The Art of Contarian Trading" tells the story of my discoveries. In it I tell you the truth about trading and investing, and what separates the winners from the losers in the game of speculation.

I wrote this book in the hope that it will help other investors and traders to shorten their paths to success. I think that good traders andinvestors are born, not made. But I also believe that if you enjoy playing competitive games, especially those like poker that involve calculating odds and "reading" the other players at the table, you may have the "right stuff" to be a good trader or investor.

You can find out if you have the "right stuff" by reading the first five chapters of my book. If you do, the next 11 chapters will tell you how you can learn to read the big players at the investment table - I call them investment crowds - and profit from their mistakes by betting the other way.







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