Book Review: The Naked Trader by Robbie Burns
Although this book was written many years ago, it was still a very interesting reading, so here is my book review.
The Author is focused more on short-term trading and day trading, so it is not recommended for those who wish to have long-term positions in their trades and investments.
Robbie Burns quit his job in 2001 to become a full time trader in the stock market. He has proved to be a very successful trader building up a substantial sum in his ISA pension. You can find his book, The Naked Trader, on Amazon.
In this very light hearted book he explains how he goes about picking the right shares to invest in. He discusses how to understand company finances, how to choose when to buy and when to sell.
He talks about how to identify problems in annual reports by using his traffic light system, and there is a brief introduction to more advanced topics such as using Level 2 and direct market access.
His strategies are suitable for trading over a medium term period of weeks or months rather than shorter time frames.
There are some fun chapter with reader’s letters and a section on big mistakes that traders have made.
The book is written in a very chatty style. In between the ‘meat’ are references to eating toast and having a nap. The style will appeal to people who like the easy to read nature of the ‘dummies’ series of book.
This is a quick read, but it is highly recommended – especially if you are new to trading and want a simple introduction to playing in the stock market.