Buy High Sell Low: Lessons and Warnings for Beginning Traders

You will lose money when you first start trading; that is an unavoidable fact of when it comes to trading. The question to answer is this: how much will you lose? The author estimates that the lessons shared in this book cost him $50,000, but if you learn from his mistakes, the lessons will cost you only the price of a book.
Buy High Sell Low has no charts, no trading techniques, no special setups to recognize and no complicated patterns to learn. It has only one formula.
Instead, what you will find here are the practical and simple – though not necessarily easy – things you must do to prepare yourself for successful trading. You’ll learn:

• How to pick the right security to trade, and how to avoid the wrong ones
• How to pick the right broker and avoid the wrong ones
• How to select your trading software
• How to evaluate risk and create plans to avoid or mitigate risk
• How to develop your own trading strategy instead of depending on others for it
• How to manage your money both in and out of trades
• How to prepare for taxes and record keeping
• How to think like a trader rather than an investor

Here’s what one beginning trader had to say about the book:
It is worth buying Buy High Sell Low for its brutal honesty, its focus on starting from scratch with a realistic voice of reason and not an encyclopedia of technical data. I see the benefit in this book when you state that a lot of the slow, painful, expensive work was not necessary to learn. It gives me practical step-by-step information on how to walk through the routines I need to practice to start gaining experience today.
Nicholas Gehringer
Beginning Trader
In Buy High Sell Low you will learn expensive lessons on the cheap and thus avoid making the expensive ones yourself.