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Quint Tatro
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Trade the Trader: Know Your Competition and Find Your Edge for Profitable Trading Kindle Edition

by Tatro Quint (Author) Format: Kindle Edition
4.5 4.5 out of 5 stars 377 ratings
See all formats and editions

When you trade, you're not just trading companies that deliver goods or services. You're trading against other traders who care about only one thing: taking your money. That's the #1 hard reality of trading - and most traders either don't know it, or don't act as if they do. In this book, top trader and hedge fund manager Quint Tatro shows how to win consistently in the "zero sum" game of trading, where there's a loser for every winner. You'll learn how to reflect your trading competition in every facet of trading and investing: choosing companies to invest in, knowing when to jump in and out of the market, and mastering the psychology and gamesmanship of trading. Coverage includes:

  • Understanding the "other side of the trade": the thousands of pros you're trading against.
  • Finding a technical edge with technical analysis you can exploit over and over again.
  • Understanding sentiment and overcoming the human emotions and biases that cost you dearly.
  • Utilizing the most essential strategies of fundamental analysis.
  • Playing positions and probabilities, not P+Ls.
  • Recognizing and capturing huge opportunities in down markets.
Previous page
  1. Print length
    223 pages
  2. Language
    English
  3. Sticky notes
    On Kindle Scribe
  4. Publisher
    FT Press
  5. Publication date
    October 4, 2010
  6. File size
    1818 KB
  7. Page Flip
    Enabled
  8. Word Wise
    Enabled
  9. Enhanced typesetting
    Enabled
  10. See all details
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Editorial Reviews

From the Back Cover

“Active trading based on technical analysis is not for the woolly headed or the faint of heart. Quint Tatro brings a patient, measured, and highly disciplined approach to the action that sets him apart. If you trade, or are tempted to do so, you’ll benefit from Trade the Trader.”

--Tim Forbes, President and COO, Forbes

“Quint Tatro’s style makes the content easy to grasp and fun to read without sacrificing intelligence. If you are looking for a book to get behind the curtain of the subtleties of trading, Trade the Trader is for you.”

--Guy Adami, optionMONSTER and CNBC’s Fast Money

“On Wall Street, you always want to know what the person on the other side of your trade is thinking. Now you do.”

--Todd Harrison, Founder and CEO, Minyanville Media, Inc.

“In Trade the Trader an honest, authentic voice shares valuable trading lessons from an experienced professional trader always with skin in the game. Sit right next to a trading professional as he guides you through his personal trading journey.”

--Mike Bellafiore, Cofounder, SMB Capital

“Quint is a pro. He is organized, thoughtful, consistent, persistent, and very thorough. Trade the Trader confirms all my personal interactions. The book is highly organized to help any level trader get better.”

--Howard Lindzon, Founder, StockTwits and Social Leverage; creator, WallStrip.com

“We’re living through the most emotional, confused market of the last 80 years. Trade the Trader is a must for any investor looking for a trading edge. Everyone, in other words. This is an outstanding book.”

--Jeff Macke, professional trader and television commentator

Have you realized yet that when you trade you are not just trading stocks? You’re trading against expert traders who care about only one thing: taking your money. Most traders fail miserably because they never grasp this #1 reality of trading. Successful trading takes much more than just opening an online account and learning a few basic technical analysis patterns.

In Trade the Trader, top trader and hedge fund manager Quint Tatro shows you how to build a solid strategy to win consistently in the extremely competitive world of trading, where sometimes you can’t just trade the stocks before you, but you must trade the trader who’s trading against you. You’ll master the real psychology and gamesmanship of trading and learn how to outsmart your competition at every step--from choosing target investments to knowing when to move.

  • Know your adversaries: “smart” money and “dumb”
    Beating the fools, surviving the geniuses
  • Get beyond the basics with charts and patterns
    What amateur chart readers know--and how to play several moves ahead of them
  • Plan your trade; trade your plan
    Optimize your entire trade, from entry point through exit strategy
  • Be ready if you’re wrong
    Implement the disciplined stop system that’s crucial to consistent success
  • Master the fine art of taking profits
    Expect gains, realize them, and keep them

About the Author

Quint Tatro is President and owner of Tatro Capital, LLC, a premier fee-based investment advisory firm located in Central Kentucky. Although the firm may be located hundreds of miles from Wall Street, Quint is regarded as one of the ‘Street’s’ best technicians and has frequented such shows as CNBC’s Fast Money and Fox Business’s Happy Hour, to relay his thoughts and ideas. In addition, Quint writes columns for financial websites such as Forbes.com, Minyanville.com, StockTwits.com, FinancialSense.com, and Tickerville.com

Financial management runs in the genes for Quint, as he comes from a family that has been involved in the financial world for more than 100 years. Long before he could ever officially be employed, he assisted his father, a 38-year veteran money manager, with various projects including research and economic forecasting. Gaining his official start in the business in 1999, Quint began as a retail broker in the family firm located in Rochester, New York. Rapidly growing his business, in 2000 he relocated to Lexington, Kentucky, and in 2003 he separated from the family firm, spreading his wings and launching Tatro Capital.

Furthering his experience and education, in 2005 Quint was given the incredible opportunity to serve as a general partner in a hedge fund located in Bradenton, Florida. During this time period, Quint assisted in the management of a $60 million fund and daily operations of the entire business. In 2007, Quint once again found himself heading back to the Blue Grass to reestablish Tatro Capital and make his now distinguished services available to the general public.

Quint hails from upstate New York but left in 1996 to attend the University of Kentucky where he graduated cum laude with a degree in finance. In 2004 he married his college sweetheart Brandie, who has left the field of physical therapy to enroll as a full-time mom raising their children.

Quint and Brandie are active members of Southland Christian Church and each posses a unique heart for missions, particularly the region of northwest Haiti.

Product details

  • ASIN ‏ : ‎ B0043GVZD8
  • Publisher ‏ : ‎ FT Press; 1st edition (October 4, 2010)
  • Publication date ‏ : ‎ October 4, 2010
  • Language ‏ : ‎ English
  • File size ‏ : ‎ 1818 KB
  • Simultaneous device usage ‏ : ‎ Up to 5 simultaneous devices, per publisher limits
  • Text-to-Speech ‏ : ‎ Enabled
  • Screen Reader ‏ : ‎ Supported
  • Enhanced typesetting ‏ : ‎ Enabled
  • X-Ray ‏ : ‎ Not Enabled
  • Word Wise ‏ : ‎ Enabled
  • Sticky notes ‏ : ‎ On Kindle Scribe
  • Print length ‏ : ‎ 223 pages
  • Customer Reviews:
    4.5 4.5 out of 5 stars 377 ratings

About the author

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Quint Tatro

Quint Tatro

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Quint Tatro is founder and CIO of Joule Financial, co-host of the DIY Money podcast and an adjunct faculty member for the University of Kentucky teaching investment analysis and portfolio management. He is an active contributor for CNBC and often appears on Trading Nation. His wife and three boys reside in Central Kentucky.

Customer reviews

4.5 out of 5 stars
4.5 out of 5
377 global ratings
This book changed my life!
5 Stars
This book changed my life!
I have been trading stocks for the past couple years, consistently losing money. At one point my trading account was down over $40,000. In just a few weeks of putting the lessons I learned from “Trading the Trader” into action, I have made back all the money I lost. On top of that, as of the close of the stock market today, August 11, 2022, my trading account is in profit for the first time ever. I now have over $2,200 profit in my account. It may not sound like much money, but after the emotional roller coaster I went through over the past couple years losing money. Trying to trade the ups-and-downs of the Covid economy; The recession market; Inflation; Gas prices; Food prices; And global instability. I am just grateful to have found a consistent formula that returned me back to where I started and will help me make steady and consistent profits from this point on.Before I read “Trading the Trader” I felt like consistent stock trading was more complicated than solving a Rubik’s Cube. I kept trying different trading methods. I watched hundreds of YouTube videos; Joined trading groups; And Paid thousands of dollars for trading courses. I was at the point where I believed stock trading was just gambling and anyone that was profiting from it was just lucky. I was about to quit! Fortunately, I happened to come across "Trading the Trader" and started browsing through the book.Before I realized it, I was fully engulfed in the book and couldn't put it down. I found myself taking notes, highlighting sentences, doing more research on the topics I was reading about, and experimenting using the key points. Now I understand what I need to do each day to be successful as a stock trader. What plans I need to implement, and how to put in the necessary time and effort to be consistent.My opinion about the book is one thing, but the fact is, the numbers don’t lie. In the past 9 trading days I profited $15,246.98. In the past 5 days alone, I profited $11,093.82. I included my P&L screenshots.As I said in my headline, “This book changed my life” It truly has! I hope that you find this book as life changing as I did. Chris
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Top reviews from the United States

Ali
5.0 out of 5 stars great read
Reviewed in the United States on September 22, 2023
Verified Purchase
Talks about stuff that other books don’t mention like how to take profit. And actually lay out a real strategy. I do want to know how he determines his fundamentals a little more though but technical analysis information was great and the most important is strategy
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Andrew Beaulieu
5.0 out of 5 stars Loved it.
Reviewed in the United States on December 1, 2019
Verified Purchase
Been studying for about 4 months, pretty much broken even at this point P/L-wise after being up 50% ($3000 if your curious). I’ve read lots of books already, on candlesticks and patterns, on taxes, value investing (Graham/Dodd stuff) yada-yada, and I went into this book thinking it would help me better understand the thought processes of traders I was trading against. There was a little bit of that, but not as much as I was expecting. However, what it did have was a lot of overall trading strategy that was incredibly eye opening to me. I would say this book is a must read for a beginning trader. The trading learning curve is steep and I think I made some big climbs during this book, but that is still TBD. Author is big on technical analysis/patter recognition/trendline breaks, fyi. He goes deep into risk management and profit taking strategy. It’s an easy read overall, but had A TON of pearls. Straight, too the point, good examples. Page turner, and doesn’t fry your brain trying to follow his points or logic.
11 people found this helpful
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Craig
4.0 out of 5 stars Another fine quill for the independent trader
Reviewed in the United States on November 7, 2010
Verified Purchase
I just finished this book and have to say I recognized many of the styles Tatro talks about, but he opens up about stock trading being a competitive mental game as well. This is something I just haven't seen in other trading books. As the previous review alludes to, there are many books about technical analysis, but few if any discuss what Tatro talks about here. It is foolish to not consider the other side of the trade and Tatro spends time here. I think as the markets continue to evolve our trading style has to evolve as well, and if you're not continually looking for ways to tweak and improve your performance, you will be left behind, and your performance will suffer. Tatro dives into many of the things that every individual trader goes through in their development and evolution with examples of both charts and people he has helped. If you feel like you're still developing your style, or looking to improve your performance this is a great read... as it adds another layer of insight to help adapt to a changing market.
5 people found this helpful
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pandemicsyn
5.0 out of 5 stars An honest start to a solid foundation
Reviewed in the United States on November 7, 2010
Verified Purchase
First things first, I picked up the Kindle edition of this book, the first trading book for the Kindle app that I picked up was  Options Made Easy: Your Guide to Profitable Trading (2nd Edition)  . Options Made Easy was formatted horribly (charts, tables, etc) looked horrible and where split awkwardly. I'm happy to report that's NOT the case in Trade the Trader, stock charts/figures all where formatted as expected, and being able to highlight text for future reference is great so I'm sure my future trading book's will all be Kindle editions.

The book itself was great, a huge tome of technical indicators or grand thesis on market psychology its not (I already have plenty of those). It is however an honest start. I've only been trading seriously for a year, and like a lot of people my age I've consumed a lot of information via blog's/stocktwits/etc since starting. This should have been the first book I read, it would have gotten me off to an honest start and saved me a lot of frustration. Over the last year I've had to slowly come to terms with what time frames I should be trading, how much time I can realistically devote to it, how half hearted my trading journal was, patterns not behaving as they did when I started etc.

If I would have read this book first I would have been able to take an honest look at my situation much sooner and save my self a lot of grief. The author covered basically all my follies, from making sure your operating in the time frame that best fits your situation (and he presents the Pro's/Con's of all three approaches) to making sure you keep not just a Journal but an honest and accurate one (which is surprisingly tough). To the importance of stops and position sizing. It's not revolutionary stuff, but the author does present it all in one book, in a logical progression, in a easy to read manner with out all the usual cruft you find in trading books (all that extra cruft you usually find is my main reason for avoiding Trading books and sticking to blogs and the like).

The main idea/theme of the book is "Trading the trader". Essentially, he put's forth that due to the recent event's a lot more day to day people have taken control of their investment accounts directly and are using Technical Analysis/Chart Reading to decide where to put their money. I think that's definitely true...I'm a prime example of that, and so are most of my co-workers, and plenty of my friends. Obviously this does bring about a paradox/self-fullfilling prophecy when it comes to chart patterns (we're all looking at the same charts, all waiting for that wedge to break out). The author lays out his idea's for how to best take advantage of this scenario to maintain your trading edge and actually exploit this behavior for % gains.

So the next time someone ask's me "hey I want to get more serious about this stuff, where should I get started", I wont hesitate to point to this book and tell them to start here. I wish it would have been around last year when I first started getting serious, it would have built a much more stable trading foundation for me to base my skills on and I would have progressed much quicker and smoother as a result.
20 people found this helpful
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Hugo from Quebec
5.0 out of 5 stars Must read
Reviewed in the United States on December 15, 2010
Verified Purchase
This is a MUST READ for any trader. It covers the basics and more advanced techniques nicely and it literally saved me thousands of dollars in bad trades with its detailed section on risk management. I have read over 10 trading books and after reading this one, I significantly upped my profits at the end of the days/weeks. Of course we will all still get into losing trades, the market does what it wants. The key is risk managment. That said, I also do not beleive that anyone has found the holy grail of trading and you should read as many books as possible to get a feel for what it is really like to trade for a living. But this book should be first on your list.

And a note on most of the bad reviews and personnal attacks... First of all, the way they are written discredits whoever wrote them. Second, I doubt that any of those people actually trade for a living, which is what I do, and what M. Tatro has been doing, successfully, for years.
12 people found this helpful
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Diane E.
5.0 out of 5 stars A must read for all traders and those aspiring too
Reviewed in the United States on November 22, 2010
Verified Purchase
I just completed reading a really excellent book, Trade the Trader. For me, it will always serve as great reference to get me back on track, when I hit a rough patch. I thought Quint did a great job explaining what it takes and how much work is involved in becoming a trader. He didn't try and sugar coat it, he just told it the way it is. I really loved his analogies, using real life situations and comparing them to trading. If your struggling to find a trading strategy, this book is for you. It should be very helpful for a beginner as well as a seasoned trader. I found it easy enough to read compared to other books I've read on trading. It was organized in a way that made sense, which made it easy to understand the message.
Thank you Quint for writing such an outstanding book.
3 people found this helpful
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Top reviews from other countries

urban amazonian
5.0 out of 5 stars The foundation for a profitable trader
Reviewed in Canada on May 19, 2023
Verified Purchase
This is a great book for any new day trader or investor to read. Tatro Quint goes beyond technical analysis and talks about the state of mind, risk management, and a strategy to consistently take profits from the market. Using his strategy may help to find your edge in the market.
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Kindle Customer
5.0 out of 5 stars Good advice and examples from personal experience.
Reviewed in the United Kingdom on August 27, 2020
Verified Purchase
This book covered all the important aspects of trading. Giving examples from an industry expert on how to trade correctly and how a lack of understanding can cause trades to go badly wrong.
One person found this helpful
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Deets
5.0 out of 5 stars Get your head in the right place.
Reviewed in Canada on July 6, 2021
Verified Purchase
This book isn't going to teach you how to trade, it gives an insight on how a successful trader thinks. It was a great book. Good to get your head wired for success, boring, grinding, unemotional success.
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chetrasong
4.0 out of 5 stars Great book overall
Reviewed in Canada on June 5, 2020
Verified Purchase
I love the most almost every part of the book, simple and sensible. If I have to point out thing that I am less satisfied is chart demonstration, I wish it has grid line to make it easier to read the price relative to the candles. Especially when the author mentions his entry and exit point. Nevertheless, highly recommend
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Andrew
5.0 out of 5 stars Great book!
Reviewed in Canada on February 4, 2022
Verified Purchase
Great book love the authors thinking process to approaching the market
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