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A must-read for mavens and beginners

The narration of Stock Market Rules on the cover says '50 of the most widely held investment axioms explained, examined and exposed'.

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Stock Market Rules lives up to its promise of providing valuable information to boost your profits in rapidly evolving markets

One has grown to expect good things from the Tatas and this book is no exception. The narration of the book on the cover says “50 of the most widely held investment axioms explained, examined and exposed”.

Michael D Sheimo has done a great job of examining and exposing some of the clichéd axioms, which need to be discarded if one has to progress as a trader/investor.

The most striking thing I found about this book was the fact that, unlike other books on investments which tackle “golden rules” etc, this book is not about a confirmationist or a “yes man” writing about market folklore.

Here is a book that debunks what is trashworthy and gives you good ideas on forming profit enabling habits to improve your experience in the markets.

The book is divided into seven parts and each part deals with different aspects of market activity like research, strategy, good ideas, trading, caution and unexpected surprises.

These seven segments are further split into a total of 50 chapters, which are brief, yet hard-hitting in their message!

To that extent, this book takes off where other such books exhaust themselves. This book is not
a mere collection of Wall street sayings but a deeper analysis of the “when, where, why and how” of things.

The reader gets a sense of exercising his/her grey cells as the book progresses and a sense of participation develops.

Michael reveals subtly yet professionally what every investor, trader, market watcher and analyst need to know. Some of the axioms are so popular yet misunderstood that this book will help clear the air.

Many misconceptions like scrip price movements after stock split, share buybacks, insider trading/bonus announcements, common methods of hoodwinking the retail investors and majority of weaknesses in the trading blue print of traders are touched upon.

In the order of importance, part 3, 6 and 7 were the hardest hitting and should be read many times over to let the message sink in.

These sections will successfully answer most of your doubts and impart a cutting edge to your trading/investing regimen.

The book lives up to its promise of providing valuable information to boost your profits in rapidly evolving markets. For the price, it is a bargain and a “must have” in your arsenal before you invest another rupee in the markets.

For traders/investors who perennially wonder why profits still elude them, this may well be a simpler answer! I wish I had the comfort of sound advice Michael has provided in this book two decades ago when I started trading. It would have saved me years of frustration!

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