John Netto seems to be a trader with one huge advance over most other traders...he has BOTH intelligence and discipline. While some of the tools that Netto uses have been around for a while, others are the breath of fresh air that I have been looking for. Furthermore, the mental concepts that he tries to teach are invaluable. His book teaches precision trading through the use of patience and preparation. I would have given this book a rating of 5, however I did feel that the flow of the information within the book could have been better structured.

With the variations of technical knowledge and tools for mental toughness that this book provides, I am more confident in my abilities as a trader. Also, Netto has embarked on a new training tool that I have never seen before. On his website, www.oneshotonekilltrading.com, Netto offers a very unique resource. His SniperScope trading platform allows you to view and hear his day-to-day trading decisions/positions in real time with real money. The whole idea is something that I am very excited about.

One of the factors that attracted me to the book was that it is written by someone who has a disciplined background (in the military). As you've probably read in every book you've ever read on trading. Discipline is an important issue. I was hoping for something around the area of discipline, but there is just the standard utterances such as control your loses. Also he claims to make a living from trading though it is unclear how much is training and how much is trading.

It covers most of the standard stuff: patterns, indicators (though he introduces some of his own) and most especially Fibonacci numbers. Several chapters concentrate on 'Fibonacci Friends' as Netto calls them. Problem is that Fibonacci numbers are a bit like astrology - either you believe in them and you use them and they work for you. Or they don't. As a trader I must confess that I have had limited success with Fibs.

About two thirds of the way through the book he introduces Netto numbers. A fancy name for making decisions based on weightings he gives to various factors. For instance he gives 10 points for patterns and so on. I've seen and used similar approaches in e-books I have purchased.

The problem with this (seemingly sensible)approach is that it assumes longer term trading. You simply don't have the time to work at this level if you are day trading with a time span of a few minutes to say 60 minutes. The author does not make clear distinctions between day and longer term trading.

Should you buy / read the book?

Yes, if you want to get a new and fairly good angle on Fibonacci numbers, newer indicators and weighted decision making.

Possibly if you want to investigate yet another variant in the hundreds of trading approaches out there.

No, if you are skeptical regarding Fibonacci numbers. At any rate the book did not change my mind.

I am giving it three stars because although it is fairly well written there are some major errors in the first few charting diagrams. These charts were very confusing.

Finally a book that anyone from the novice to advanced trader can benefit from. This book has helped me elevate my technical analysis skills in identifying specific price targets in a way that is almost uncanny. Perhaps one of the most important elements of trading is money management. Mr. Netto's explanation of this all important aspect of trading makes his book invaluable to all traders. This book is straightforward, easy to understand and will pay for itself in your first few trades.