day-trading

I found the structure of this computer based guide to technical analysis to be very userfriendly and interactive. After learning about an indicator I could "see" how to use the indicator and even better than that I could tweak the parameters to perform my own technical analysis on provided data. A unique book worth it's price.

The main thing about this CDROM book is that it enables you to try your hand at the patterns and indicators as you read about them. The coverage of techniques and indicators is fairly wide, though somewhat thin at times. I like the use of pop up pictures in place of the lengthy text descriptions found in paper based books. It also has excellent quizzes with scenarios based questions -- which are very useful for building day trading skills. The dynamic visuals and interactive bits make this book more interesting than its paper based counterparts and worth the price.

This is an outstanding book! Helps the trader learn to develop an intuitive feel for stock futures. Coupling his time of breakout pattern with an understanding of crowd psychology Mr. Smith goes a long way toward making the reader a much better trader. I'm sure I still have a great deal to learn about stock futures, but thanks to this book I'm in MUCH better shape than before reading it!

Whatever one thinks of technical analysis, even a died-in-the-wool fundamental and value investor trembles at the thought of going against the famous "head-and-shoulders" pattern. This book will give you an excellent background in the basics without overwhelming you with a lot of technical detail. The book discusses everything from moving averages and Bollinger Bands to oscillators such as relative strength, MACD (moving average convergence-divergence), ROC (rate of change), the parabolic indicator, and Pring's own proprietary KST indicator, and so on. Also, the included CD contains a four-hour video presentation on the most important topics. Pring says in the introduction that, in contrast to most CDs in books, which are throw-aways, the CD is actually the most important thing and the book is the "throw-away." In any case, there is a lot of value and information here between the book and the CD and overall this is a fine book to get you to the next level in terms of your trading expertise.

Having studied Advanced Candlesticks and the more complex methods of technical analysis, reading Mr. Saul's work was refreshing. It was clear, concise, and useful. And it's a huge difference to read clear concepts from an actual trader, instead of an academic with no trading experience. Saul will give you a winning strategy and an edge over other traders.

I wish he had written this book 4 years ago, it would have saved me $$$ that I needlessly spent on other technical analysis books.

Michael Saul puts charting and trading off the charts into simple and easy to understand direction. While a lot of people like to complicate the art of trading, Michael breaks it down into a strategic pattern to be a successful trader. My trading has improved dramatically and can now say I am well on my way to being a full time successful stock trader and controlling my life with the expert help of Michael "Tiny" Saul

STJINC

I've read many books on TA, but this one takes the cake. It's easy to understand and extremely concise. Mr. Saul explains several market indicators and how they relate to overall trends, but more importantly, he covers the false readings that those indicators can sometimes project, -and how to identify such anomalies. I am a day trader, and this book has found a home on my trading desk. If you trade, or if you just invest, -know what your broker knows, and buy this book.
- JDL.

I was very impressed with the content of the book and the way the author presents material in an understandable and approachable way. After reading the book I have already started to use the strategy of buying leap options on companies before the split date of the stock. I recently purchased options on Rambus and made over 400% return on a minimal investment. I was able to personally meet Mr. Larson recently at a local seminar and was very impressed with his attitude and enthusiasm for helping traders manage their own portfolios and outperform the market. I would highly recommend this book to traders of all experience levels.

I was very impressed with the content of the book and the way the author presents material in an understandable and approachable way. After reading the book I have already started to use the strategy of buying leap options on companies before the split date of the stock. I recently purchased options on Rambus and made over 400% return on a minimal investment. I was able to personally meet Mr. Larson recently at a local seminar and was very impressed with his attitude and enthusiasm for helping traders manage their own portfolios and outperform the market. I would highly recommend this book to traders of all experience levels.

Trading Stocks Online has great opened my mind to changing my the way I think about investing. It is hard to break free from the buy and hold mentality. Investing should treated like a business. Your in business to make money; if your not making money then why are you in business?

The book starts off by helping the reader develop a dream and then explains the basics on how to protect those dreams by running your business, placing stop losses, and knowing when to get out. This book also has wonderful insight in to strategies that are easy to understand and implement.

This book was completely unfulfilling. It's hard to imagine a book that could be less useful for investors. Perhaps Costakos assumes that his potential customers are simpletons who don't know how the Internet works. Even so, his consistent proselytizing for his own online brokerage will annoy both neophytes and experienced traders alike.

Christos Cotsakos, the Chairman and CEO of E*Trade is once again touting personal control over one's financial destiny. In this book he covers all aspects of using the internet for personal finances including how to buy a computer, open an on-line brokerage and bank account, do research, and invest in various instruments.

Christos shows how the internet has revolutionarized the financial world and how the individual investor can take advantage of it and for the first time be able to take full charge of your own money.

I like this book very much and I have always been a proponent of E*Trade. Buy it! Read it! and profit from it! Buy some E*Trade stocks! EGRP is going to the moon! Have your anti-gravity gapping belts ready!

This may be the first, and is certainly one of the first books to spell out the process of online investing, and as such it is a valuable resource for the "layman" investor. As a reader with minimal knowledge of the stock market and online transactions, I was particularly impressed on three counts. First, Cotsakos has written the entire volume in an flowing, easily understood style, sort of as though he were just talking you through the process. This is helpful for those of us who don't really understand much of the typical jargon, and it also makes it easier to remain interested in what could be a very dry subject. Second, he goes back to the very basics of computer usage (purchasing the right machine with the right capabilities, etc.), which still could be quite mysterious for some people. By doing this he has anticipated and already answered some of our potential questions. And third, the book really progresses in a step-by-step fashion, with refreshers at the end of chapters, and many helpful side-notes. I think the final thing to recommend this book is that although it is, of course, written from the standpoint of E*Trade (an online trading provider), Cotsakos has avoided making it one big commercial for his company. This book is a "must read" for anyone who wants to start trading online, and also for those who already trade in this way and want to hone their skills, regardless of the service provider they choose.

While this book is not overly strong on technical details, it is excellent reading: well written and the author is liberal in showing his successess and his mistakes with equal candor. I consider this a "must read" for stock or comodiities traders/speculators. Marrty Schwartz discuss his methods that made him a champion trader, and gives one example of his "sheet of boxes that he prepares and uses daily, but I would have like a little more detail there. I like how he had to balance his family and his health with trading. His stories all have a point he is putting across.....well worth the money! Once I started. I couldn't put it down!!! If he writes another book, I'll buy it! The best trading book I have read so far!

As a professional trader I am always looking for the "edge". This book is weak on actual trading methodologies. But I really enjoyed hearing about his daily life and routines as a trader. Especially what it's like when things go against you as they eventually will if you are in this game long enough.

I had trouble putting the book down. Highly recommended.

Woops, just got a fill, gotta go!

Here's a fun read in one of my favorite areas....dreaming of making a killing in the stock market. So much of this book is how I personally approached the stock market....giving up fundamental analysis for the glamour of technical trading....chasing down the perfect system whether it was Dow Theory, Elliot Wave, Joe Granville, or the obcure Magic T Theory (I thought that I was the only who really knew this one). The stories in this book are very entertaining like gambling stories. What I like most is the frank discussion of methodology...tactics that Buzzy shares....so similar to my own approach. If you are a Baby Boomer amateur technical stock market trader you'll probably love this book like I did. It's all about us and the 80's & 90's...pre-day trading.

Tony Oz's rare and now out of print Stock Trader book is a truly unique book. This is the only book of its kind to actually show you actual executed trades (good ones and bad ones) over a few weeks time period. Complete with all the problems that will plague traders such as failing internet connections, faulty alarm clocks, etc.

This book didn't really capture my attention as I was first reading it. But an interesting thing began to happen nearing the end as I actually started to feel Tony's "rhythm" of trading. I suddenly felt that the books value went up tremendously at that moment.

Tony Oz focuses on the typical elements you face when trading: entry price tactics, stop losses, classical charting techniques, exit tactics, and psychology. While these topics are fairly widely covered topics in different books, the best thing about this book is that it simply allows you to get a feel for how a real trader USES those elements and distills them down to what's absolutely necessary and what's just textbook filler.

Daytrading books haven't really been published at all within the last few years due to the obvious fact that many traders were wiped out when the internet bubble popped. While many older books on daytrading have now become outdated, this book shows the common denominator in all successful trading, whether it be a bubble or a recession.

Don't read this book if you are looking for esoteric set-ups and tricks that you can use in today's market. Do read it if you want to sit with a successful trader and get a hint of what it's like to live by trading.

Mr. Oz impressively made 32% on his account during the crash of April 2000 when the NASDAQ dove by 30%. He did it without shorting and by trading only the hard hit tech sector. The strategy he used was basically the "buy on the dip" technique that worked so well during the historic run-up. However, this feat is not the "take-away" from this book.

The real lesson is risk management. First, Tony is ruthless about leaving bad trades without afterthought or regret. Even when the stock bounds up shortly after he sells, he affirms that he did the right thing by exiting when he did. He always enters a stop loss as soon as he enters the trade, and raises it as soon as feasible. Those of us who have learned this lesson the hard way can only admire his intestinal fortitude. Second, Tony almost never hits his target for a trade. He almost always exits sooner, but he preserves his profits. Mastering these two seemingly simple lessons is what separates the real money-makers from those who finance them.

Tony's latest book, The Stock Trader, is an excellent resource for all day and swing traders. This well-thought out 280-page book documents successful actual trades Tony made and has chart patterns and trade setups explained in detail on every page.

Tony's the best trader out there who writes, with an easy-to-understand practical style that can help people actually become better traders. Unlike the other theory fluff books that abound out there, both of Tony's books are practical and well-written. This book is well worth 2-3 times the cover price and I have no hesitation in recommending it strongly to all our traders at ... as a "must read" resource.

Thanks, Tony for contributing another useful, practical resource to the trading community. He put a lot of hard work into the book, and it shows. He documents "real trading in action" with risk/money management stops and profitable trades.

Best of all, his book documents a genuine "look over the shoulder of a real trader in action" for a full month's worth of trades. Tony made a 56% return in 4 weeks, turning 50K into 78K (in a bear market month!). It's all here. Read it. He's a good trader.

I read about five books on trading techniques in the last four weeks before writing this review, and liked this one least of all. I never actually count pages in a book when writing a review, but I was so much surprised how such a (considerably) thick book can contain so little useful information that I made an exception. Judge by yourself: the structure of this book is as follows:

The first 35 pages (sec. 1-3) is a broad introduction into the psychology of successful day trading, which says all correct things but its style is so dry that you would rather skip to the next section than to read it carefully. Even if you do read every word, you will get such absolutely correct but next to useless statements as the following recipe for successful trading (p.33): "1) identify an opportunity, 2) take immediate action (buy or cell), and 3) feel good no matter the result as long as the trade is consistent with you specific method or technical bias and was based on probability".

The second part of the book (Sec. 4) uses another 50 pages for interviews with several successful traders. This section is not too bad, although one cannot expect to learn much about techniques of successful individuals (even assuming that they are willing to disclose all their secrets) from 6-10 page-long interviews.

The third part on technical analysis is the most useful part of the book. It discusses how to identify trends and select entry points. Unfortunately, the charts used to illustrate the text are too numerous and large, and the text itself tends to be somewhat on the side of general statements. It is sufficient to say that about 50 out of 80 pages in this section are charts, and in my opinion only about 10 pages contain really useful concrete practical wisdom. These 10 pages were very useful since they suggest analysis techniques which I have not seen anywhere else, but its only 10 pages out of 260!

The rest of the book, about another 100 pages, is essentially a large appendix with lists of all NASDAQ and S&P-500 stocks, long excerpts from the TradeCast 3.0 user manual (who needs this section? those who bought this program had presumably gotten the full manual, and those who do not own it do not need these excerpts), and a glossary.

My advice: don't waste your time and money, there is so many better books around than this one.

As a long time Wall street market maker I am most impressed with Mr. Abell's general approach to the market as well as his specific methods for short term moves and market "swings".Abell's approach is sound because it is based on well proven strategies of risk and money management.His patterns are well calculated and tested.

I found the overall organization of his book to be eminently readable as well as significantly infomative with knowledge that only a real professional could possess.In my opinion,based on 20 years of first-hand experience,this is the only book currently available that fully captures the psychological and methodological understandings of the professional trader.

The chapters on technical analysis,though very competent, are a mixed blessing:there is too much information for the novice and the seasoned pro will crave more detail about Mr. Abell's elegant technical approach to day trading.

The interviews with Kirchner,Jamail and Shallowitz--all seasoned pros-- are also highly infomative but in truth require some market knowledge to fully appreciate the subtlety of their thinking.Individuals with little or no experience may not realize how infomative these interviews are really as it relates to the imperatives of psychological considerations and risk calculation.

I believe almost any trader or would be investor will benefit from reading Abells fine book.

In this very good book-in my opinion the best of all the electronic day trading books-the author presents how lucrative day trading can be,never failing to mention its many psychological and technical challanges.

Mr. Abell has the knack of taking difficult trading ideas and then crystalizing them to their essence.He deals with day trading issue by issue:

a)The psychology of successful day trading b)The essential strategies and tactics of winning day trading c)How to use price charts and technical analysis profitably d)How to exploit a market set up and directional trade e)How to read Nasdaq level 2 screens and react to them like a market-maker f)how to calculate risk and adhere to workable money management principles

I believe the true an d continuing value of this book(you will want to refer to it repeatedly as a trading manual)is in its very realistic and business-like approach to day trading.Day trading is very profitable but you must realize it is not a get rich quick scheme--I believe that is why Digital Day Trading is the best of all the current tading titles.

Toni's book is a very good INTRODUCTION to the vast and complex world of daytrading; but please, take it from a full time trader who has lost many trades using her 'proven' methods, the book should only be that---an intro, or maybe simply a reference book for people who are simply interested in the subject. But I won't sit here and simply criticize the book; I'll give you some specifics.

For one thing, her discussion of volume bars as confirmation of strong intraday breakouts leaves alot to be desired. For example, she says that volume spikes generally presage a good breakout, but the fact is, ANY breakout---real or false---will generally show a volume spike. It's kind of like saying that wherever there's fire, there'll be smoke; therefore if you see smoke, you should be aware of fire. But remember: we're trying to find the fire BEFORE the smoke when it comes to trading. Turner deftly avoids that issue when she answers her own question ('how do you find stocks before they move') by quoting the usual and obvious (buy good liquid stocks above their moving averages, etc.). Problem is, good liquid stocks may have nothing to do with making good day trading candidates unless SOMETHING is propelling those stocks to move in the short and narrow time frame that is the daytrader's domain.

Another problem with her discussion of the all-important volume bars is poor and sometimes confusing illustrations and charts. For example, in some examples, volume bars are circled (the smoking guns that portend a breakout), but you can't really see a difference from other bars on the chart. In other cases, I found myself reading and re-reading through her chart examples, trying to interpret or make sense of what the author is seeing, but remained confused (if the reader is trying to make sense out of someone else's lack of clarity, something is wrong; the example should clearly speak for itself).

In still other examples, the author includes 'buy' signals on charts that show apparent downtrends (I would think beginners would be confused as heck at these notations!).

Try it for yourself. Go to a real time charting service and try to make sense of volume bars on an intraday chart, and you'd be better off looking at a Rubic's cube. There's just too many bars behaving too erratically to really show you anything with absolute clarity.

Another flaw is Turner's citing of moving averages (MA's), and the CCI (Commodity Channel Index) as 'crystal balls' which can predict trends-to-be. Please understand: stock charts' behavior with respect to MA's are simply not the way she describes them. So called bounces off of MA's often fail as much as they succeed, and more often fizzle and crash. Moreover, the CCI will typically show many confusing signals to all but the most highly trained and experienced day traders and even then, there is no unanimity as to its effectiveness. I can refer you to a number of daytrading message boards who've had frequent discussions on the CCI and no one has yet found it to be a one-beats-all indicator.

Turner, as other trading authors make the common sleight-of-hand mistake of laying out theories, AND THEN finding examples to support them by a kind of backward engineering. For example, if I were writing a book on how volume bars and the CCI DON'T WORK, I could also show you hundreds of failed breakouts betrayed by so-called bullish signals on the aforementioned indicators.

Trading is one of the most difficult professions on earth. In my opinion, books like Turners' who over simplify the process by presenting information that is erroneous and potentially very costly (in the form of lost trades) don't really do justice to this complex subject and those willing to take up the battle in the most serious context possible.

If you want some in depth understanding as a proper introduction into the difficulties and complexity of daytrading, I would recommend The Guts and Glory of DayTrading. THEN decide if it's right for you.

I've just read Toni Turner's book: A Beginner's Guide to Day Trading Online. It's excellent! Better than anything else I've read on this subject.

I first heard about it from a friend, but, as always before I buy a book, I read the Amazon reviews to see what other readers were saying. They were so enthusiastic that I ordered the book and waited three weeks go get it -- the delay, I now assume was caused by its popularity.

Ms. Turner's grasp of the complex and often dangerous mode of trading called "Day Trading" is remarkable. It's concise, down to earth, and humorous, as well. Not an easy task to accomplish on any level, but impossible had Ms. Turner not been in the trenches herself and triumphed.

Thank you, Toni Turner, for writing a book I can both count on and enjoy -- a book I can proudly recommed to others.

Toni Turners's book is a must for those who want an honest concise look at what Online Trading is all about. I have had the distinct pleasure to sit alongside Toni for two years and have walked away amazed at the poise and discipline that this professional brings into our trading environment every day. I too agree that much is written on this subject by those who do not have first hand knowlege of our craft and that is exactly why I am pleased to see this book! It comes from an active participant in our profession not an observer nor a "paper tiger."

This book is filled with easy to read techniques and tactics that you will need as well as an honest assessment of the hard work needed as you begin to trade against the best the "Street" has to offer. This book offers a solid, clear , concise plan to start you on road toward self sufficiency and the first step in your growth as traders. This is all then grounded in just some down to earth common sense. This book,although titled for a beginner, can benefit all those who wish to further themselves as professional traders.