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Rule the Freakin' Markets: How to Profit in Any Market, Bull or Bear
Author:  Michael Parness
Publisher:  St. Martin's Press
Pub. Date:  Mar 21, 2002
Edition:  1st edition
Binding:  Hardcover
Pages:  256
ISBN:  0312282567
ISBN-13:  9780312282561
List Price:  24.95 USD
Amazon Sales Rank:  201,978
Bn.com Sales Rank:  413,271
Amazon UK Sales Rank:  213,285
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Editorial Reviews (Courtesy of Amazon.com)

Amazon.com
Those who can ignore the rather garish cover on this book will find a solid, straightforward guide to making winning trades in even the most bearish of markets. The author, who millions of insomniacs know through his middle-of-the-night infomercials, writes with a highly personal voice that some may find a bit grating, but his rags-to-riches story is compelling and needs to be told.

In a nutshell, Michael Parness went from living on a park bench in Brooklyn to a summa cum laude degree from Hunter College in New York City to founding a successful sports memorabilia company. After making $150,000 in that business, he followed his broker's advice in 1998 and ended up losing virtually his entire nest egg. Since then, he has invested carefully after studying media reports and understanding "market psychology." Now a broker-averse multimillionaire, he shares with readers a number of strategies that have worked for him in both bull and bear markets.

Augmented with exercises that truly help readers determine their own level of risk aversion, this guide shows online traders and, particularly, investment clubs exactly how market psychology drives daily and cyclical market moves. As Parness says, "I'm not mechanical, and I'm not good at figuring out technical stuff like computers or plumbing or chain saws, but I can figure out how things measure up in terms of probability. And probability is what trading is all about."

A few too many ka-chingos and wowsas mar an otherwise informed writing style, but nevertheless the book offers some excellent insight into how the market actually works, and how one can make money using that insight. Those looking for a serious study of economic trends and forecasts may want to look elsewhere, but readers interested in a breezy, anecdotal read about market bubbles and bursts will be entertained and more than likely enlightened. --Charles Decker
Book Description

In 1998, Michael Parness was a struggling playwright and screenwriter who was leaving the stability of his successful sports memorabilia business to write full-time. Following the advice of a stockbroker, he invested his nest egg of $150,000. But the October 1998 crash gutted his portfolio by 80% and his stocks failed to recover. With virtually no income and no financial cushion, he found himself in a tiny low-rent apartment with time to think about what had happened, and, eventually, enact financial revenge. In January 1999, he opened an online brokerage account and set out to get his money back. And in fifteen months, Michael Parness turned $33,000 into seven million dollars, started the online trading website www.trendfund.com where thousands of traders Rule the Freakin' Markets with him, and had his life story optioned by a major Hollywood producer!

In Rule the Freakin' Markets, Michael Parness uses visual aids combined with practice exercises to show online traders and investors how to:
* Practice responsible trading techniques that maximize reward and limit risk
* Avoid the "7 deadly sins plus fear" that block success in the market
* Protect investments no matter what the market does
* Understand how market psychology drives daily and cyclical market moves
* Avoid the pitfalls of trading in cyberspace
* Recover and learn from significant losses
* Strategize and anticipate, rather than overreact or freeze when change occurs
* And finally, live full and satisfying lives as traders

With its lively tone and refreshing approach to trading and investing, Rule the Freakin' Markets is an essential guide for online traders and investors alike.

Table of Contents (Courtesy of Barnes & Noble.com)

Acknowledgmentsvii
Part IPreparing to Win1
Introduction: It's Time to Rule the Freakin' Markets!3
1.The Knucklehead Within: Identifying Your Type15
2.Getting Real: Defining Your Trading Capacity25
3.I Just Gotta Be Me: Finding Your Own Trading Style44
Part IIThe Mind Game69
4.Meeting the Enemy: Learning to Think Like "Them"71
5.The Seven Deadly Sins, Plus Fear: Knowing Your Psychological Achilles' Heel99
Part IIIPlaying to Win115
6.Making Friends with the Trends: The Right Way to Pick Stocks117
7.Hot Tips from Hell: Five Bad Ways to Pick Stocks140
8.Planning the Trade and Trading the Plan: How to Enter, Maintain, and Exit the Play153
9.Hard Hat Zone: Setting Stops on Every Trade164
10.Short and Sweet: Flexibility in Volatile Markets189
11.Making It for Keeps: Six Keys to Sound Money Management217
12.Keeping Your Edge: The Rules of the Game227
13.The Pursuit of Wowsa!: Trading to Follow Your Dreams230
Glossary241