day-trading

This is a book written at a time when Nasdaq was very close to its pinnacle in 1999. Not from hindsight (of the index level today), but sheerly by content, the book is full of flaws in nearly every topic it covers, especially those on Technical Analysis. Facts, and pure facts were abundant. However, trading system, strategy and insight were in short supply. The authors might have been so optimisstic and carried away by the beautiful picture they painted about trading in Nasdaq that money management and discipline had rarely been mentioned, and the "real tactics for real profits anytime anywhere" on the front cover were by and large absent.

p.s. This book contains the highest number of cartoon (eight) in those trading books I ever read. Sadly, most were drawn with one single theme, that "Day Trading would annihilate the brokers". That should have implied something about the direction and quality of the book, which I had mistakenly ignored.

Electronic Day Trading to Win is a not only a must-read for prospective day-traders, but for anyone dealing with equity investments. The authors reveal the evils carried out daily on the floors of the NYSE and AMEX, which was a real eye-opener for me. Day traders have been given a negative image by Wall Street and the media, and the authors of this book reveal the reasons why and go on to explain how intelligent, educated day trading can actually be LESS risky than position trading or buying mutual funds. Although I doubt most people have the discipline (or the cash) to become successful day-traders, the techniques and principles the authors promote can also be applied to any type of investing. If you have the requisite capital and the nerve, I believe you can make money using this book.

Electronic Day Trading To Win is a must read not only because it explains the necessary theories behing day trading, but it also shows you the road map to getting started in a very practical way. This book is both informative and enjoyable to read combining the most pertinent information with some profound and humurous commmentary. I give this book a strong buy recommendation!!!

There is a lot of day trading hype books but this is a decent little book. The price is fair and the book is worth every penny.

If you are looking to trade then you better figure out the psychology part in your head first. If you cannot take small losses then don't try active investing - you will lose all of your money.

Everybody knows how to buy but many people freeze when it comes to selling.

Easy to read, gets technical without going overboard. Nice touch to keep going back to the psychology of trading as well. However, in her stock selection criteria she recommends using industry/group leaders from IBD (Investor's Business Daily). That would severely limit your trading opportunities and confuses trading with investing, something newbies should be VERY clear on. A good starting point but if you are serious buy additional books as others here have suggested.

Awesome book. Easy to understand. Of course, prior to reading this, I read many other trading books, so I was already familiar with much of the terminology. It cleared up some things I didn't quite understand in a more simplistic language than the other books I was reading. It summarizes trading in relatively few pages. If you want more in-depth knowledge of a specific strategy, then you'll have to buy other books. It's a great beginner book. My husband and I are making money, not guessing but using the technical analysis she uses. We have gotten more heavily into candlesticks and love it. She explains it fairly simply. Good book. She is a good writer. We also purchased her Day Trading book. Both books are similar.

When you get tired of reading through dreary stock market books, grab this one and head off to the park. Relax for an hour or so as humorist Andy Borowitz makes light of even the most serious of Wall Street's protestations as he educates you to his "The Ten Principles of Day Trading." Drum roll, please.
Of course, stocks have always been a favorite target of humorists. Mark Twain: "October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August, and February." Or try Will Rogers: "Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it." The strange thing about humor is that there's usually a lot of truth underneath.
Now we get Borowitz, the satirist, in his best form to expose The *Recent* Emperor's New Clothes. From the computer cowboys riding their monitors from dawn to dusk (and into the night), to the official corporate and governmental pronouncements, to the analysts' hype, to the media's cheerleading, to our own self-delusions, everything and everyone comes in for a good drubbing. Reminds me of taking what we thought we were supposed to be serious about during the mania and hanging it out on the line for sport. Makes us look silly. And looking back at it with 5 years hindsight, you really wouldn't want to see that home movie showing how you explained to the children that you were getting rich in the great boom either. About the only sign of the times Borowitz didn't pulverize was the major TV network news programs profiling movie stars and taxicab drivers as prescient stock pickers. That just had to be the final signal that a top was near, and ranks right up there with the bellhops of 1929. A good, quick read, and a lot of fun too. Refer back to it next time things get too good to be true.

I have been a successful day trader for three years now (annual return of 78% -- not bad!) and I found this book absolutely indispensible. It's a humor book, clearly, and it doesn't pretend to be anything else -- it touts "100% dubious advice" right on the cover -- but, in addition to being side-splittingly funny, it's full of insights, too. The author points out the common pitfalls and idiocies of day trading so precisely, you'll find yourself admitting, "I've done that" -- but I guarantee you'll never do it again! "Trillionaire" will keep you sharp and make you laugh -- no mean feat. (PS - I have a dozen friends, all of whom are day traders, and all of whom LOVED the book -- so take that as a very strong recomendation.) It's a quick, fun read, and is bound to put you in a good mood -- unlike this lousy market we've been having lately!!

With plenty of graphs and charts that will likely appear above the desks of day traders across the country, The Trillionaire Next Door serves its intended purpose: to make a good birthday gift for your favorite day trading uncle. Andy Borowitz has had a successful career as a humorist, with contributions to The New York Times and The New Yorker. He has also worked in television, creating and executive-producing the sitcom The Fresh Prince of Bel-Air. But in this book, he takes his cues from another noted humorist, Dave Barry. Like Barry, Borowitz has a knack for turning the obvious on its head in the name of humor. Many of the book's best jokes come from the author's willful misunderstanding of economic terms and principles. For example, he defines a "dartboard portfolio" as "a portfolio assembled by throwing darts at a newspaper's stock listings mounted on a dartboard." He accompanies this definition, of course, with a dartboard "chart."

Borowitz also has un with the persona he creates for himself: the no-talent day trading trillionaire. He is slovenly and bleary-eyed, with terrible eating and sleeping habits. He probably wakes up in the mornings with keyboard imprints on his cheek. After quoting a passage from Adam Smith's "Wealth of Nations," Borowitz asks, "Say what? I didn't see anything about 'pointing,' 'clicking,' or any of the other things day traders do, did you?" But he relies on valuable investing advice, like how important it is to invest in companies with "e-" as a prefix or "dot-com" at the end. And in today's economy, Borowitz suggests, that knowledge is enough to become a trillionaire.

Borowitz's book draws attention to all the nuances of this day trading culture, a virtual network that connects various cavernous lives, each cave seemingly containing a single, frustrated middle-aged man drinking coffee, eating pizza, and taking breaks to visit porn sites -- not to mention watching CNBC. Borowitz zestfully pokes fun at these odball rituals.

Here is my take on Mr. Abell: he is the Tony Robbins of the trading world. He is the feel-good psychology guru of trading. If you want to know what's in his books, and how to enjoy similar success, here is the formula:

First, start with a handful of old-as-dirt trading cliches (cut your losses, let your profits run, be confident, etc.). Come up with a bunch of analogies to dress up these old cliches and say them in new ways (for example, 'you can't score touchdowns if you don't have the ball' or 'when you start feeling bulletproof, that's when bullets pierce flesh' etc.). This should cover the first 30 pages or so. Second, find a couple of friends or acquaintances who you can pass off as successful traders (they might not be able to trade their way out of a paper bag, but it doesn't matter because no track records will be posted). Interview these 'traders,' and have them make similar observations. This should get you well past the 100 page mark- maybe even further if you are using nice sized print and putting plenty of space between the paragraphs and bullet points. Third, spice up the visual presentation by occasionally mixing in charts with the text. It doesn't really matter if the charts have anything to do with the stuff you wrote; people just like to look at charts. (You might want to add some technical notes, though, to add credibility.) Then, finally, if you still need more filler to get to the publishable stage, add in a chapter or two of public information- on the different exchanges, lists of different stocks and futures you can trade, details of order entry systems- basically some free info that takes up space.

If you follow this tried and true formula, you too should be able to crank out close to a dozen books on trading. And there will always be a fresh crop of beginners, not yet beat over the head with rehashed trading rules, to rave about how good your books are and what insight they hold.

Howard Abell again stresses the psychological aspects of day trading. People who could benefit from an attitude adjustment regarding their trading should read this book, but those wanting a lot of detailed trading methods should try others, for example, Raschke or DeMark. instead.

The value of this book comes from the interviews with 8 successful day traders. The author asks them the same set of keys questions. Their answers are both similar and different: their mindset is similar, but the way they trade can vary widely.

Buy this book if you want to understand the attitude required to day trade, but don't look in here for a magic system to get rich. One major lesson of the book is that there is value in finding it by yourself, in an almost never ending process.

Van Tharp's earlier book, Trade Your Way to Financial Freedom, ranks with Market Wizards as a trading classic. Like Market Wizards, Tharp showed how the true "Holy Grail" of trading is to develop your *own* system, one which is perfectly suited to your own goals and needs. (I know it sounds wishy-washy... but believe me it's anything but.) Not only that but, unlike Market Wizards, Tharp showed you step-by-step how to actually do this! The result was, while far from perfect, one of the most amazing and probably the single most useful book on how to become a successful trader. I was hugely excited when I (a day trader) found out that Tharp's next book would be about day trading. Alas, it turns out to be a disappointment. It's not bad as such, only nowhere near the same level. Specifically, this book consists of: (1) material by Tharp that covers the same ground as before, only in less detail; (2) an overview of the basics of day trading, such as how to read Level II screens; (3) occasional insights and ideas which you might not find elsewhere. So here's what I would recommend. If you don't already know (1), run (don't walk!) to get Tharp's earlier book; don't even think about buying this one instead. If you don't already know (2), this book is a pretty good introduction to day trading, better than most that are out there. Lastly, is the book worth buying for (3)? It sort of depends. If, like me, you love to devour books about the markets, and believe that they more than pay for themselves if you get even one new tradeable idea -- then sure, buy it, just don't expect too much. If, on the other hand, you only want to spend your time and money on the very best books, well, this is no must-have. I like both authors, and they do know what they are talking about, but this book is far from the best that either is capable of. It shows all the signs of having been put together hastily.

i think the business side of trading is often overlooked by the private online trader and this is a great place to start. but don't just read it, do it! a constant reference and definitely needs to be reread every 6 months to keep you on your toes.

This book contains a wealth of information - I strongly recommend it! The content is excellent, and the writing style is understandable and candid. Brian June not only discusses the nuts-and-bolts of day-trading (Level II screens, time-and-sales data, "ax" market makers, direct-access systems, trading strategies) but covers in detail how one should prepare prior to the market opening and how one needs to debrief trading after the close. Dr. Van Tharp covers two of the most important concepts of trading: risk management (i.e., capital preservation) and money management (i.e., position sizing). If you have not internalized these concepts into your belief system already read these chapters, memorize them. They are key disciplines as they will keep you in the game. Four days ago I recommended the book to another full-time trader, and he just wrote back saying, "I wanted to thank you for recommending the Tharp/June book. It is full of mandatory knowledge one needs, but also they make it clear what the requirements are to be successful. I am finding the book extremely enlightening - thanks again." I have been a student of the markets for over ten years having proceeded through the study of fundamental analysis, technical analysis, and trading psychology (in that order). I wish I had this information at the start of my journey.

Just got a chance for a quick browse. Later in the book, the author complained he offered everyone an "once in a life time opportunity on a silver platter": One on one personal training, 1 million dollar capitol, 90% of the profit. But throughout LA, only one person applied?!

What's the catch? You have to finish 4 of his courses.

Why not complain yourself not coming up with some better sales pitch ^_^

The book is one of the most unique and comprehensive books on trading I have ever read. In my 12+ years of experience I can say it opened my eyes to information and mistakes which have cost me thousands of dollars. This old dog has learned some new tricks and I can't thank the author enough.

The Strategic Electronic Day Trader covers new ground. The professional review at the beginning will give you an excellent overview of the subjects covered in this book. It is well written and once you start you won't be able to put it down.

After reading this book I now know why I lost so much money day trading. This book opened my eyes to analysis that a level II screen would never reveal. I lost thousands of dollars trying to trade like a market maker (scapling). Because of this book that will never happen to me again. Armed with the information I gained from reading this book I am ready to trade from a high probability prospective. I recommend this book to anyone like me who lost money trying to trade off of lever II scalping. Never again!

Read the book twice. Jay says in 200 pages what it takes others 500 pages to say. Its cut to the chase baby. If you want straight talk, thats that fact jack, then this is the book. Add the video and join the chat service (Jay is a coach, like Bobby Knight, if your screwing up he lets you know about it!!) and you might have a chance to succeed. Face it, no matter what system you choose, most daytraders fail, Jay provides simple yet effective methods for scalping or swinging intra-day but you must follow them, get greedy or loose focus and your toast.

I have only been a chat subscriber a short while, but he has honed my skills, helped me to stay focused and learn the techniques. As far as the daily calls on the website, I've seen them all called live and they are real. However,I dont take those trades unless I know the stock. Thats one of his techniques. Your basket stock, pick one stock and learn that sucker forwards and backwards and quess what, it becomes your personal ATM machine, yea baby$ Stray from your basket and quess what, ya go home red.

If one were to follow the advise in this book, they would be successful. The author leaves nothing to chance and is trying to teach the reader that he too must leave nothing to the whim of the market. The premise on which this excellent book is founded is to react to the market and not forecast it. As Jea Yu points out, it is harder to do than you might expect. The battleground is really the "baggage" that we all bring to the table - our ego's, our budget and most of all our bad judgment. This is a great book and teaches a winning style, if the trader has the discipline to follow it.

A novice should probably read that fluffy Toni Turner book to get an idea of the lingo, but no one should contemplate day trading without reading Lu. This book is a detailed description of the intricacies of no-nonsense, hardcore daytrading, written by a consistently successful practitioner.

I have read dozens of books on trading and this is the only one that I read again within one week of finishing it for the first time. It's simply too good to store on a shelf. Read it, learn from it, read it again, profit from it.

To use an old cliche, the small amount of money spent on this book will be the best investment you'll ever make. I'm not kidding. Read Toni Turner's sappy book if you must, if you're new to the game, but don't open an account until you read Jea Lu. His explanation of Level II screens, the use of stochastics and moving averages, and his advocacy of zero-emotion trading are all gems, which alone would be worth the price of the book.

I'm currently re-reading it, cover to cover, for the third time.

Having as much experience in trading, I along with thousands of others could have written this book. It's cliche and dated. I am actually quite surprised since this guy has never really day-traded. After getting this book, the one thing Sarkovich taught me is how to write a book about something one does not know anything about. I actually cannot believe all the Stars people give!! Are you all high?!? Its mind boggling? Are you guys for real?... Actually, $3 prices in the used section should tell you something?... For anyone interested in technical analysis, get Murphy's technical analysis of Stocks and commodities or Reminiscence of a stock market operator by Jesse Livermore. Get a Van Tharp book for money management and be patient. Day-trading is tough, and most people can handle other types of trading but not day-trading. And really the only way to learn is to find a mentor like Pristine, a close friend or some trading shop. I wonder if there are a lot of shops around anymore. Misha's is not, not that he would ever trade there, since he is not a trader. ;-)

This was an excellent book. Finally, a book on daytrading that really covers actual strategies for trading both the NASDAQ and the NYSE. At first I was thrown by the title since there is nothing easy about trading. I thought that it was another of the "get rich quick by daytrading" books, but I was wrong. This book doesn't just give the history of SOES bandits and then plug the author's seminar or brokerage. It gives actual strategies and techniques to put into practice. My favorite part was the section on determining the type of trading best suited to the reader. The author gives real life examples of traders who are successful using various styles of trading from scalping to position trading. I haven't read another book that spent any time on this but it may be one of the most important things for new traders. If you buy one book on daytrading, buy this one. Then if you feel trading is for you move on to Tony Oz's book "Stock Trading Wizard".

This has to be *the* Day Trading text for would-be and novice Day Traders. The author and publisher are to be congratulated for producing a comprehensive yet easy-to-read book on the many different aspects of Day Trading that beginners need to understand.

Misha Sarkovich's clear and concise writing style, together with the logical structure and sequence of material, combine to produce a superb book on Day Trading.

Everything is covered in the book: NYSE and NASDAQ, and their differences; Level I and Level II trading screens, and how to interpret and use them; stock price movements and alerts; technical analysis (price charting) tools and how to use them to identify potential trades; the different Buy/Sell Order types and their execution on NYSE and NASDAQ.

All this is explained as clearly as you'll find anywhere; and the explanations benefit from some excellent diagrams and illustrations, leaving the reader in no doubt at all about the author's message.

For me, though - as a relative novice in this field - what sets this book apart from the others that I've read is the chapter setting out four different styles of Day Trading, and their associated trading strategies. Each style is illustrated with a profile of a live day trader who practices that style. The "breakthrough" for me, after reading this, was that I now understood how to establish a manageable "stocks-to-watch" list, based on the chosen trading style/strategy. Up to then I'd been overwhelmed by the problem of watching too many (all...! ) the stocks which might move; a hopeless - and impossible - task. What joy, now that I have the answer!

The book also provides: a good list of internet sites (for stock information, price data feeds, trading software platforms, trading firms, and internet brokers); a substantial list of NYSE and NASDAQ stocks with suitable trading volume and price volatility for day trading; a list of the key NASDAQ Market Makers; and (importantly) a comprehensive index.

I can't fault it. It's superb. If you're new (or fairly new) to Day Trading, get the book now. You won't regret it.

I really liked this book, but I had to ignore significant portions of it to do so. If you parse the new age inspired psychological section and the tepid discussion of technical indicators that are anecdotal in nature and unsupported by research (I have been spoiled by "trading classic chart patterns" and "practical speculation"), then you might like it too. While it may be unfair to compare this book to the others since this book predates them, I will be forever testing what I read by those standards.

I really value his anecdotal explanation of what he did as a market maker and how he traded. I think there is real value to know the mind of the market makers that have to make a living in the market everyday by accepting risk. If you can rework your trading to trade WITH the order flow that market makers have on their desk, it will be a much easier ride. Obviously, there is no way for a third party to exactly know what is on a market makers desk, it may be interpolated from their actions. This book provides a perspective that I have not found in other trading books.

I think I've read most of the books on daytrading out there. Too bad, I could have read just this one along with perhaps John Murphy's "Technical Analysis of the Financial Markets" and Velez and Capra's "Tools and Tactics for the Master Day Trader".

Josh Lukeman very unselfishly shares his valuable insight of the daytrading game. Imagine how powerful your trading would be if your last job was being a market maker for MSCO. Lukeman gives you that insight. Obviously, a few of the reviewers above didn't "get it" because they were too busy looking for a simple solution to their trading woes to support their beliefs that someone else (the market maker) is to blame for their losses.

If you're mature enough to accept responsibility for your trading, this book will give you the edge.

Of all the books I've read in the last year or so, "The Market Maker's Edge" is one of the best, if not the best. It contains specifics on how to trade, not just mechanics (e.g., buy when you see this or sell when you see that...) but reasons why. As most traders learn, there are two sides to every trade. This book explains the psychology at play on both sides.

There are other good books, such as Tony Oz's. But unlike Tony Oz, this book is a different perspective. Where most give generalizations, this book gives specifics.

Though fairly easy to read, I would not recommend this book as an introduction to trading. Otherwise, it is a "must read".

I found this book to be a great introductory book into the world of Daytrading. And that is probably all you will ever get out of any book on Daytrading, just a few bits and pieces of useful information that you can use. Unfortunately for us, like most trading books, especially Daytrading books, it is overpriced.

What peaked my interest about this book was the vast difference between all of the five star reviews and the handful of one star reviews.

After reading the book, my opinion is this:

Someone has a serious grudge against the author, and is taking it out on this forum. Mind you that I am not saying that this book is full of super-expert secret guaranteed money-making strategies that every investor and trader must purchase...Rather, this is a good book with valuable content that anyone with a less than expert amount of skill in day trading would benefit from.

For Sixty bucks, it's not cheap. And neither is taking a six point loser on a 1000 share trade because I didn't know that the PPI was going to be released tomorrow morning...but that's a different story.

Bottom line, unless you're a know it all, buy the book and learn at least one thing that will save you a sixteenth.

The other bottom line is that whoever is writing these critical reviews should take a good, long look in the mirror...it's really cheap and unscrupulous what you are doing.

DTITM is a "must" read for anyone tempted to venture into the equity daytrading arena. Readers tend to classify books in reference to their own experiences. A good book is one that agrees with and reinforces our own thoughts. A better book is one that is revealing and teaches us something new. An excellent trading book is one that provides survival skills through a description of process and points the way to success. DTITM definitely falls into the excellent category. Each chapter could be taken as a subject for the reader to explore further and fill in the details for their particular modus operandi. Daytrading is definitely not an easy task nor a venture for everyone and the book points out the required indentureship to time and money. In today's marketing environment the data vendors and software companies sell the public on the notion that trading is easy and anyone can do it with their products. They promote independance and early retirement. Statistics prove otherwise. Whether you are already a daytrader or are thinking of becoming one, then Reading DayTrading into the Millennium has something for you. It might just deter you from daytrading or help you become more successful. Either way it will have served its purpose