National Learning Institute

Trade Like the Little Guy

L.A. Little

Reviewed by bselden Tue 16 Jun 09

Bob's Rating:

More than fifteen years ago, two events changed the way shares are traded.  In 1974 the US Securities and Exchange Commission introduced deregulation of brokerage commission costs.  Prior to this, it would cost a trader approximately $1 commission per traded share.  Today that figure is approximately $0.01 per share.  One can readily see that trading in shares today is a far less expensive way to bolster ones finances than it was all those years ago.

The second event that changed the way shares are traded, is the internet.  It's now possible for small traders such as you and I (through a broker) to trade online.  As the author, L.A. Little points out, the combination of these two events has seen the rise of the small trader.

The "Little Guy", (author L.A. Little) outlines how small traders can trade profitably in the markets even though they do not have the resources of large traders.  Little describes the key to such success as using a rational and logical process, rather than relying on a belief about particular stocks.

This book has many good tips, ideas and most importantly, systems to suggest how small traders can profit.  For example, the need to decide a personal "trading thesis" that should underpin all your trades.

However, the book would benefit from some tight editing.  There are some grammatical errors, long paragraphs and long sentences (one sentence had 60 words).  This does tend to make it more difficult to discern the key concepts.