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Beating the Wolves of Wall Street: Perception versus Reality of Traders in Today's Market

Beating the Wolves of Wall Street: Perception versus Reality of Traders in Today's Market

Donovan Lazar, Ben Katt

ISBN: 978-1-118-98549-6

Nov 2017

256 pages

Select type: Hardcover


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An investing strategy that actually works, tailored to the retail investor

Beating the Wolves of Wall Street pulls back the curtain on the myths and half-truths about trading that cause investors to lose money in the markets. This useful guide compiles the wisdom of over fifty professional traders and trading instructors from the Online Trading Academy to give retail investors the information they need to build an investment strategy better than anything they'll get from their financial advisor. Successful traders have key elements in common that help them beat the market, and this book reveals their secrets to help you level the playing field and start seeing better results. You'll learn why Buy and Hold strategies don't trickle down to be advantageous for the retail investor, and why you should immediately stop doing the things you've always been told were crucial.

Most individual retail investors are like sheep being led to the slaughter by the wolves of Wall Street. They believe that successful trading and investing is simply learning chart patters or 'old school' fundamental analyses that no longer work effectively in the current market. This book is designed to show individual investors how the markets actually work.

  • Discover the two types of traders, and which one makes money
  • Learn which strategies benefit which investors, and how it works
  • Understand how your financial advisor's advice is losing your money
  • Master what you should be doing, and learn what you should stop doing

You don't have to run with the wolves, but you should at least stop them from drawing blood. Successful investing is highly dependent on resources and context, and what works for them is not always the best choice for you. For a better strategy with better returns, Beating the Wolves of Wall Street is a no-nonsense, informative guide.


Part 1: Perception vs. Reality

Chapter 1: Good Lord, Not Another Book on Trading

The Realities of Financial Professionals

Trading is a Battle

How This Book Is Different

The Real Questions

Key Thoughts

Chapter 2: The New Normal

Getting Back to Even

Three Kids and a Dog

Buy and Hold is Dead

Funds vs. S&P

Diversification Does Not Save You in Crisis

Key Thoughts

Chapter 3: The World of “Retail” Brokerage Firms and the Media – Today’s Cult’s

Investing and Trading

Pie Chart Jockeys

Becoming a Financial Advisor

Becoming an Certified Financial Planner

Do We Really Need Pie Chart Jockeys?

Key Points

Chapter 4: Institutional vs. Retail

Who are the Institutions?

How Institutions Make Money

The Media During Bear Markets

Key Points

Chapter 5: the Worst Investment Choice Ever Invented

Why Mutual Funds Are One of the Worst Places to Invest

Does Fundamental Analysis Work?

How Institutional Traders Profit from the Mutual Funds

Wolves or Sheep?

Mutual Fund Fees

Dalbar Studies

Key Points

Chapter 6: the Playing Field Is Level and Fair

Retail investors and Institutional Investors

Key Points

Chapter 7: Solutions – “The Psychosis or Psychology of Trading”

Part 2:  Real Traders Making Real Money

Chapter 8:  Sam Seiden – “The Architect”

Chapter 9: Bob Dunn – “The Mad Scientist”

Chapter 10: Eric Ochotnicki – The Mathematician “Turned $25,000 to $2,000,000 in two Years”

Chapter 11: Michael Young – “The Millionaire Maker”

Chapter 12: Brandon Wendell – "The Technician"

Chapter 13: Michelle Volmering – "Farm Girls Trade, too"

Chapter 14: Sam Evans – “The Gentle Brit”

Chapter 15: Jasmine Wang – Little Red Riding Hood: “She was actually a Wolf in disguise”

Chapter 16: Corey Lane – “Rock and Roll Meets Finance”

Part 3: The OTA Solution

Chapter 17: Eyal Shahar – Founder and CEO of Online Trading Academy

Chapter 18: John O’Donnell – "Chief Knowledge Officer"

About the Authors