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DAY TRADING BOOKS
Posted in Day Trading (Friday, October 10, 2008)
Written by Edwin Lefevre. By Fraser Publishing Company.
Sells new for $12.99.
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No comments about Reminiscences of a Stock Operator by Edwin Lefevre.
Posted in Day Trading (Friday, October 10, 2008)
Written by David S. Nassar. By McGraw-Hill.
The regular list price is $14.95.
Sells new for $5.95.
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5 comments about How To Get Started In Electronic Day Trading.
- Awesome ideas to make money with. I have been trading 35 years and feel the ideas in this book are timeless techniques that I know work. The book was written with experience and it shows. I've read many and this is one of the best.
- I like some of the ideas presented by Mr. Nassar, however i think he needs to update his book and get a little bit more practical.
When you make a trade either your going to lose money or your going to make money, and some other times you will break even. When you win some body else will lose and so forth, but that's NOT what's important.
The most important aspect in day trading is the knowledge FILTER you employ to make your buy & sell decisions. There are many "fantastic" strategies outhere, but you need to test them in order to discover which ones help you the most.
Complicated strategies that rely on a "boat load" of technical indicators can make you slow, and being slow in this game can be as dangerous as not knowing what to do in the first place.
I think the worst thing that can happen to a beginner day trader is to get information overload. It's better to go step by step, and test a simple strategy that can show you how to focus on concrete ways to make money.
Fortunatly there are some good sites on the web today that can show you how to trade stocks in practical and effective ways. One of those sites is Stress Free Traders ( StressFreeTraders com )
In the end, stock investing & trading is all about buying and selling according to your knowledge FILTER. Once you master and follow youre proven filter parameters like a clock, you can expect to start making serious amounts of cash on a consistent basis.
- Bought book, flipped through for 5 minutes, found good use starting a wood-fire. All the info contained here can be had for free on the internet. If you've been trading more then 2 days you already know more then the author of this book. Just plain awful!
- Maybe "bad" is a bit harsh. David Nassar is a real and successful trader, and a guy who has years and years of experience training and managing highly successful traders to boot. He writes great articles for Active Trader and Futures magazines, and has written another book that I consider to be five-star outstanding.
But this book is disappointingly basic. It focuses on the mechanics of how trading is done and gives very little, if any, actual trading methodologies. A quick look at the table of contents and you will get the overview. It seemed to me like half the book was discussing how an order is placed!
Perhaps part of the problem is being outdated. Deciding how to route an order these days is a very insignificant factor in daytrading; the days of the SOES bandits are long, long gone. Broker's trading platforms now use smart routing technologies to get the best fill, and as a sharp trader you are using limit orders on stocks that have a 1 cent spread anyway. I suppose this was written back when you could take advantage of price differences between ECNs and Market Makers.
Your time is much better spent reading his other book, Rules of the Trade, where you can actually learn a few things and become inspired.
[...]
- If there were no other books for those desiring to learn to trade this book would be ok. This covers a lot of the basics but not as well as many others available. I have been investing in equities online for five years - before that in mutual funds that I selected. I'm now looking to start trading based on technical analysis rather than fundamentals. Two books that I would suggest that are more comprehensive and easier to read are Toni Turner's book "A Beginner's Guide to Day Trading Online" and the best I have read so far by John Carter "Mastering the Trade".
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Posted in Day Trading (Friday, October 10, 2008)
Written by Michael Saul. By Trendfund Corp..
Sells new for $49.95.
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5 comments about Charting: An Introduction to Technical Analysis and Its Concepts.
- It's a great book if your just starting to get into trading, a bit pricy but worth the info. On the bad side is that alot of trading info is on the web now. If you look really hard you could probably find all of the stuff scattered over the web. But a beginner wouldn't know where to start. Like how he goes over TA indicators like ADX and RSI, but if you didn't know what they were in the first place then you wouldn't know where to look. Concise and full of info.
- I give this 4 stars, because I never rate anything a 1 or a 5.
This book is for serious traders, not for those with an MBA in finance. There is a difference. I don't have an MBA, but I make money almost every day using technical analysis. I have learned a lot of that from Michael Saul. There is a learning curve, and if you have financial baggage or a "sure thing" kind of investing attitude, you might as well forget this book.
The details can be a bit much for beginners, but just paper-trade with the info at first until you begin to get the feel of it.
This book teaches you how to recognize the signals (like reversal bars, bull flags) that the market is sending about shifts in momentum and direction. It is amazing how well it works. Not every time, but more often than not, it's correct. And that's all you need if you want to make money day trading.
This is not investing, and requires study (like charting/TA books) and daily research. It's not for everyone, and you must learn the material, and then test it on paper before you trade for real, just so you'll be comfortable with the accuracy of technical analysis.
I'm not sure what the previous reviewer was referring to concerning hawking infomercials - I don't think anybody ever sold a book by itself on an infomercial. Certainly not one as dry as a technical analysis book. And specialty books get self-published all the time, especially when the potential market for them is so small (that probably explains the high price, I would think). I'm not trying to defend Michael Saul; he doesn't need it. It just seems strange that someone would use those silly comments to try to discredit a book that he admits he can't understand.
On the negative side, it IS EXPENSIVE. If you can get it used, save yourself some money. I also agree with another reviewer that much of the information here IS available on the web, but you'd really already need to know it before you'd know where to find it. Not to mention you'd have to wade through plenty of bad info to find the good stuff on charting on the internet (been there, done that). Save yourself the time and hassle by getting the book.
Bottom line, it's a good, accurate, (but expensive), technical analysis book. I recommend it.
- I ordered this book because I had received so much good information from Trendfund.com, the website that Tiny is affiliated with. What I got was a book that does an incomplete job of describing a limited number of general technical analysis tools. There are so many other book that are more complete, like Kamich ,"How Technical Analysis Works", which I also own and would recommend hands-down over this book.
- There are so many other books on technical analysis that are more comprehensive than this one (e.g. Kamish, How Technical Analysis Works). I bought it because I had received so much good information at Trendfund.com, the website affiliated with Tiny. I had hoped that this book would continue with great real life examples of successful trades. The book does a poor job of discussing general technical analysis tools. I was disappointed. I'm willing to sell my copy for $10. I can't imagine anyone giving this book 5 stars unless they have a financial interest in the book's success. Of course, you can get all this information for free by logging on to Stockcharts.com.
- It's a rare experience picking up a book about a seemingly boring subject and not being able to put it down. That's what I call style. They call him "Tiny" but he's a huge source of knowledge and introspection. He makes the subject grow on you and you can feel the intensity of his expertise on the subject. This man is an obvious winner and this book is an accurate representation of that man. As you go through the basics your base of knowledge grows exponentially. The subject matter becomes interesting and even the charts and illustrations make sense the way he explains them. The writing is incredibly fluid and one subject flows into the next. I understand that this is Saul's first book but I ceratinly hope its not his last. His intellect and Parness's intuition combine to give us an unbeatable team. I really can't see either man working indeoendent of one another. Charting is the soul of the what stock to buy, when to buy and at what price and what is your exit and risk minimization parameters. All of this applied through charting to generate profits in the stock market. This is a winning book written by a proven winner. It is a must buy for anyone in or going to be in the stock market. I can't wait for the next book.
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Posted in Day Trading (Friday, October 10, 2008)
By The Muehlberg Press.
Sells new for $15.95.
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1 comments about Quick Introduction: Day trading with linear regression channels and intermarket analysis (Follow along as I post my paper trading account on my website).
- I liked this book and found it very helpful. While it's not for novice traders, the tone of the writing is always friendly and honest. (Most traders sound so pompous and arrogant when they write about trading.) There's no over-promise here, just sound guidelines and lessons. The plastic comb binder lets me leave it on my desk during the day so I can refer to the lessons as I trade. A very worthwhile book for any day trader who's looking to improve his/her game.
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Posted in Day Trading (Friday, October 10, 2008)
Written by Jake Bernstein. By McGraw-Hill.
The regular list price is $39.95.
Sells new for $19.99.
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5 comments about The Compleat Guide to Day Trading Stocks.
- The Compleat Guide to Day Trading Stocks is just that: one of the most complete and very best books ever written on the subject of day trading. Its highly regarded author, Jake Bernstein takes the reader from the very basics such as realistic risk/reward considerations, the essential mechanics of trend-following systems, fundamental vs. technical analysis, timing indicators, stochastics and charts, all the way to clear and precise systems and methods as well as the Psychology of Day Trading. He goes out of his way to make sure that the reader is absolutely aware of all aspects of day trading before making a commitment - including the long and painful learning curve that is inevitable - and clearly states who should not undertake day trading. Having said that, if the reader understands this, and is still firmly committed to making day trading a success, Mr. Bernstein gives his utmost support by going deeply into the nuts and bolts of the art by providing a solid foundation with proven strategies that can be thoroughly back-tested. This is really the most beneficial part of the book for the experienced investor, and is that which sets it apart from the many more general works on the subject. The reader is encouraged to learn and test these methods and systems and to incorporate the ones that are best suited to his/her own investment style. Pitfalls are clearly stated and the writing is extremely fluid and easy to understand. Best of all, the reader subconsciously develops the proper attitude that is so essential to succeed - that day trading should be treated as a serious business which can and will only be successful if done with the proper frame of mind, diligence, hard work, and risk management as well as a dedication to discipline. I highly recommend it!
- Jake has writed no news about trading world, but all that the traders need is into this book. Sometimes we read a bit of trading system, a bit of psicological approach, etc. Jake said that the book is dedicated to day traders and aspiring day traders the world over. Doing day trading is arduous: the challenge immense. The promise of victory and lure of wealth inspire you daily to confront the odds of success. Jake give us this book in the hope that his efforts, research, suggestions, systems, and methods will help us achieve our goals.
Great buy!
- This is the second Jake book I had read up till now. The first one is "Investment Quotient" which I gave my highest rating. That does not lead to my negative comment on this one because of over expectation. It's just that the content and quality of this so named guide just cannot be described as compleat.
In one single book of only 200 pages, Jake tried to discuss many important elements of day trading, including history, mechanism, player characteristics, market structure and even sophisticated technical tools like Stochastics, MACD, Momentum, various forms of Moving Average and even AI. The problem is: he tried to cover so many things that the whole book becomes very shallow and far from what is needed for this highly risky game. I dont understand why many reviewers gave this book such high ratings. I am afraid that many amateurs had already been lured to enter the game under the false illusion that they became better, if not well equipped, after reading this book, and had already fallen prey to the market crocs.
- Although there is much informative basic material in this book, I cannot stand the fuzzy math this author uses. The percentage gains he reports in some of his examples are blatantly deceptive. An example is Fig. 5-10, where he shows the possible gains achievable using the "gap" method. He quotes a profit potential of $21062, which I dont dispute. However, there is no mention of the actual money necessary to make the trades shown, which is probably somewhere around $30,000 (minimum). This would yield a profit of around 67%. The figure, however, quotes a profit return of almost 700%!! Whether or not these figures are his, or if he borrowed them from another source does not matter. He should know better! This sort of misleading "fluff" does nothing but confuse the amatuer and leads to the expectation of gains much better than realistically possible with a small account balance. Throughout the book, math like this is used to over exagerate possible gains from day trading.
- I have recently read two other books on day trading and they were much better, so I think the only reason others gave this such a great rating is becaue they have never read anything else. I found this book to be vague, abstract and just a HORRIBLE book. He does go over many definitions of concepts, but then he alway says he will discuss which ones are important later. How am I supposed to know which concepts are important if you don't tell me which ones to keep in mind. He cites numerous books and authors to find more information, but the beginning day trader wants to be told what to do. If you are a day trader who is hears of a concept and want a quick overview of a concept this is the only time I would say I would open this book, although normally I just go online a financial dictionary. If you do read this book, skip the first 80 pages. Other books that are great and simple, and go over concepts over and over so there is no doubt you understand them include "A Beginners Guide to Day Trading Online" by Toni Turner.
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Posted in Day Trading (Friday, October 10, 2008)
Written by Tony Oz. By Goldman Brown Business Media.
The regular list price is $55.00.
Sells new for $349.00.
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5 comments about The Stock Trader: How I Make a Living Trading Stocks.
- 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.
- OK, not one successful trader reveals his trading strategy but the Oz is getting pretty close. This book, to me has two things, honesty but inconsistency. The plus is that Oz is sharing pretty much of his trading method. But then again, his trading is inspired by gut feeling it seems to me. (i.e. the support and resistance levels detection) OK, I nearly every time agree on his entries or stops, but still...nah..
I liked his respect for the Ax(e) of each stock.
Oh yeah, whoever tells you his 'gut feeling system' won't work in today's market is a complete moron.
- This is without a doubt the best trading book I own and I own many. After many years of trying to find the perfect indicator that would solve all my trading problems I finally came to the realisation that simple works best in complex markets. Tony proves this using basic support/resistance and chart patterns combined with strict discipline to show how its really done in the heat of battle. I dont believe too many traders would be prepared to take on a challenge like this and put their reputation on the line. A brave man and an excellent trader.
- The information contain in the book is worth every penny I paid for. I had been day trading for the last 6 years and the foundation of my trading tool is based on what Mr Oz has taught in this book.
Of course, I have to combined several other indicator to confirm my stock purchase, however after many years this book was published, the method is as solid as ever.
Thank you Mr OZ.
- This out-of-print book tells the real story of how a pro day trades stocks. Yes, the price tag is high but so is the valuable insights into the thought process of this successful day trading of Tony Oz during a major market selloff.
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Posted in Day Trading (Friday, October 10, 2008)
Written by Jake Bernstein. By McGraw-Hill Companies.
The regular list price is $39.95.
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5 comments about The Compleat Day Trader: Trading Systems, Strategies, Timing Indicators and Analytical Methods.
- One of the most difficult things involving the markets, regardless of what you trade is timing.With this book, Jake not only gives you suggestions for timing indicators, but he also gives you some strategies to follow and shows real time examples which are clear and very detailed. In this book, Jake share his extensive knowledge about systems, strategies, technical indicators, and trading systems. I have purchased many trading books and this one is CRITICAL for your success as a trader. One more point that I wish for potential traders to consider is the source. Jake Bernstein has been involved in commodities and futures trading for 25 years. He brings real trading experience to the table. He does not promise you guaranteed results are a "pot of gold" under the rainbow. What he does give you is the information that you will need to be successful, REGARDLESS of the time frame you are trading. Also, he is available for you. I recently e-mailed him with a question from the book and I received a detailed explanation from him the very next day! I challenge you to find any author who will do that! Good luck and good trading!
- Most books for "day traders" are so general that their techniques and advice can be successfully used by swing-traders (those who keep stocks for several days), and even by longer-term investors. This one is different. The author, Jake Bernstein, strongly advocates real day trading, when no securities ever kept overnight. Therefore, his techniques are usable for very short term trading only.
The advantage of this book is that it has very little general rhetoric and comes straight to the point, that is to the techniques which the author finds profitable. Basically, 90% of the book is about the use of technical indicators (such as various moving averages and oscillators) to determine potentially profitable entry and exit points. The topics discussed in particular detailed manner are the use of moving averages, stochastic indicator, moving average channel (MAC), relative strength index (RSI), momentum, and techniques for trading of opening gaps. The author also suggests several oscillators of his own. However, despite the simplicity of these indicators, one has to own software such as Omega Research Trade Station to calculate and plot these home-made oscillators in real time, or write a program yourself. There are also several chapters applicable to futures only (actually, the whole book is about trading in the futures market, but 95% of techniques are equally applicable to stocks). The great advantage of the book is that it is very specific, clearly illustrated, and gives plenty of detailed technical advice and a number of potentially profitable trading techniques. Be advised, however, that those who are interested in trading but do not have enough capital to take profits from half-a-tick changes (and I, too, belong to this group) cannot really take advantage of this book. No trend and no trade longer than a few hours is discussed there! Therefore, this book is for the serious day traders, and only for them. If you are a day trader, this book is a must; if you are not, do not bother buying it but rather consider other options, e.g., the excellent book "How to get started in electronic day trading" by D.S.Nassar which is good for traders on any time frame.
- Trading especially short term trading need great concentration and a full-time commitment. Professional traders write few or no book.
Mr. Bernstein's books and articles are everywhere. Sometimes I came across his publications, I scanned through a few pages to see what he had to say about trading. Mr. Bernstein makes statements which are generally safe and easy to say. For example, I read his article the other day. He tells the readers "Do your homework.", "The trend is your friend." etc. Of course, these are the common rules for traders. But what are the concrete steps to implement these rules in the real-life situation? Well, I could hardly find any. On the other hand, he stated in that article: "...I maintain that a good trader can make any system works." I found this statement unprofessional and phony. The reasons: 1. Many systems on the market are just trash and can not be used at all. 2. Good traders wouldn't pick up any system and risk their money with it. Good traders are very selective and only trade a few systems that have proven record and are suitable for their individual styles. I found similar problems in other works by Mr. Bernstein. Should I bother to buy this book? No, thanks. I have read books from many different writers and have more than 10 year active trading experience. So I know something. A few tips(IMO) for choosing good books on trading: 1. Only a small percentage of books on the market are good or great. 2. Popular books are not necessary good books. If you automatically think so, you've probably fallen into "Herd mentality" thinking. 3. Trading is a bottom line business. Find books written by traders who had proven long-term(5 year or more) successful trading records. They are the ones "know how". 4. Be wary of the authors who write many trading books. Good luck.
- Take my word for it and save your money, the techniques in this book simply do not work!
- The book is good if you want to depend on technical strategies to make money day trading.
The stock market is always presenting us with trading opportunities that don't neccesarily have to do anything with technical analisys.
As a day trader your homework is all about studying and testing different market strategies that will help you take advantage of stocks and at the same time protect your investments. Just always keep in mind that a good strategy is simple and practical. Complicated technical systems will always make you slow in your decision making process or confuse you right from the start.
There are very good sites on the web where you can access practical trading strategies that are easy to implement. One of those sites is Stress Free Traders ( StressFreeTraders com)
They focus on short term day trading strategies that can help you pick and approach momentum stocks while reducing your trading risk.
All in all, day trading is all about picking the best stock opportunities and deciding when to buy and when to sell with ease and simplicity. Once you learn to master your trading decisions, you can aspire to obtain consistent profitable results.
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Posted in Day Trading (Friday, October 10, 2008)
Written by Jake Bernstein. By McGraw-Hill.
The regular list price is $39.95.
Sells new for $6.89.
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5 comments about The Compleat Day Trader II (Compleat Day Trader).
- Having read many books on Day Trading and attended courses and seminars, this book added "confidence". It gives you simple systems to work with, 30MBO, InsideDays, Gaps, etc.. It also tells you what the indicators lack and what most traders lack to succeed, discipline. Use the 30MBO but don't change the method. Stick to it. Be disciplined. Aimed at the futures and commodities traders, these methods also work with fast high volume, high votility stocks. I emailed Jake with a question on the 30MBO and got a reply in hours, that's value. I have ordered his next book, "The Complete Guide to Day Trading Stock". Can't wait. I cannot see how anyone (who is not a beginner) would not benefit from this book.
- Reading this book is purely a watse of your time. Buying it is absolutely waste of your money.
The only thing you can learn from it is that the author probably makes more money by selling hot topic books than from trading.
- Mr. Bernstein writes a book almost every month. He certainly is a prolific writer--my question is when does he have time to trade??
- I feel that Day Tader II is really a rip-off as it basically just reguritates most of the material found in volume one. THIS is typical Bernstein -- the goal is dollars from book sales, not educating the reader. Mr. Bernstein does not respect his readers, and this is the sad part because he obviously is a highly intelligent man who probably could contribute a lot to the field of daytrading education if he weren't so needy and greedy. I wouldn't go so far as to call him "Jake the Snake", but I do think he should put more care into the content of his books.
- Save your money. Never, never waste your funds on the drivel this author produces!!
A profitable trader would never have time enough to write even one tenth the quantity of words this person produces.
Find traders that actually make money to learn from. There are a few that have written good books.
As starting points:
For equities traders try: Professional Stock Trading
For futures traders try: Trading Day by Day
These are simply starting points, but are written by REAL traders, not worthless-book producers.
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Posted in Day Trading (Friday, October 10, 2008)
Written by Mark Etzkorn. By Wiley.
The regular list price is $34.95.
Sells new for $17.15.
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5 comments about What Works in Online Day Trading.
- This is an eclectic book. It doesn't focus on a major theme and is a collection of different people's views plus the author's.
I would not recommend this book for beginners who want to learn the basics because I don't feel the foundation is thorough. It is a good book for those who want to see how others trade, their diverse techniques, and their opinions on trading. Also of value are the risk management techniques. A more appropriate title would be: Different techniques by various traders and other trading tips.
- I have read many "trading" books, and find this one a pleasant suprise. Section Two includes a good source of trading strategies that work, each one written by people who actually trade. Strategies covered include 1) pure price action by Gary Smith, 2) breakouts by Mark Seleznov, 3) seasonals by Steve Moore, et.al., 4) patterns by Mark Etzkorn, 4) springs and upthrusts by Hank Pruden, 5) Bow Tie patterns by Dave Landry, and a few others.
The strategies include a good summary of setups, entries, stops, and exits. These summaries are general enought that you can program them in most any backtest software you use, not just Tradestation or C++. I use them to backtest with TC2000 and TC Companion. The book also has very good information on risk mangement, the mechanics of trading and the mindset of different trading styles. The great thing about this book, is that it is a well integrated compilation of tools and techniques from a variety of well known and/or highly successful traders. The editor did a wonderful job of taking this diverse group and integrating the book into a very logical and usable flow. While it may be too much for the pure beginner, this book will be most appreciated by the intermediate to advanced trader.
- This is not your ordinary trading book, but one that teaches some real "usable" techniques. The book is broken up into chapters written by different people, so the tone of voice will change frequently. The prize of this book is the Seleznov breakout method, which anyone can use to trade profitably for life. That alone is worth thousands of times the price of this book. I'd recommend this for any serious amateur/semi-pro level short term trader who may be lacking a consistent trading system.
- I decided to give this book a chance in providing me essential elements of a typical intraday technical trading system. Sure I wasn't expecting a copy-paste daytrade system that suits everyone.. if there ever was one...
It's just, if you're starting out in daytrading (asuming you've been doing numerous of position & swing trades) looking for honest information, this book does the job. Eclectic but essential and honest. The actual job of creating a profitable system, simple or complex, still is yours.. .
- This book has strong and weak chapters and average usability. It consist of a mixture of good advice: "Nervous money tends to become some elses money", long and tideous explanations on online technology, lame explanations about charts: "The vertical (Y) axis shows the price level, and the horisontal (X) axis shows time"...if you did not know this or could not figure it out yourself, you should nok trade at all. Stronger chapters looked at risk control & money management and some interesting interviws with for example Linda Bradford Raschke. The money management section helped me a lot and if you have not figured out that theme yet I would buy this book only to read those 42 pages.
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Posted in Day Trading (Friday, October 10, 2008)
Written by Jeff Cooper. By Marketplace Books.
The regular list price is $29.95.
Sells new for $28.45.
There are some available for $24.98.
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4 comments about Intra-Day Trading Strategies Course Book with DVD: Proven Steps to Trading Profits (Trade Secrets Course Books).
- I can not believe someone would write a book on intra-day trading that is only 100 pages, double spaced, and with charts that are literally scribbled on. Mr. Cooper's trading strategy is based 100% on pattern recognition, he does not use indicators at all! His whole theory on when to buy a stock is to wait for the break-out! That is it! He even has cute names for everyday patterns, he calls a simple consolidation a "Cooper 1-2-3 Pullback Position." What does he think he is the first person to ever realize a consolidation during an up-trend is a great time to buy???
I was planning on buying his other Hit and Run Trading book, but I think I'll pass.
I did learn something from reading this book, I could actually write my own book on trading. Sure, I know what a trend line is and I know a low-risk trade is to buy the break-out. Well, that is what Mr. Cooper must of thought when he got the idea to write this book.
- Not good at all. Bad writing, so boring to read. The name intra-day trading does not fit as he does not talk much about intra-day trading. Save your money, when I ordered this book from Amazon there weren't any reviews which was unfortunate. Plus after each chapter there are questions but you have to go to a website and register (so they could sell you other books) to find the answers. I thought that was disturbing after paying for the book.
- This book was a very boring and hard to follow book. I didn't get anything of value from reading this simply because I feel it was a very hard to follow book. If your looking to understand daytrading this is not the books for you. I have read many daytrading books and this one would be last on my list to re-again.
- Well, as David Nassar said: "The market's simplicity is it's greatest disguise". I saw the negative reviews here and suspect some people don't see the logic behind trade setups from people like Oliver Velez, Tony Oz, Jeff Cooper, Dave Landry, Josh Lukeman or John Carter. In the book "Profit Strategies: Unlocking Trading Performance with Money Management" David Stendahl describes how he tested systems by adding more money to losing trades (drawdown support) and winning trades (pyramiding). I thought these were very interesting ideas to improve trading performance but was faced with the problem of determining how and when I would do the drawdown support and pyramiding. Then I wondered what would happen if I could take an uptrend for example and divide it in sections that I could trade individually. How would I trade each section of an uptrend? Then I discovered the whole world of trade setups by the people I just mentioned. These kinds of books I find are absolutely essential in solving that problem. I'd also like to mention that Oliver Velez has a new book (Power Trading:...) that comes with a DVD as well that describes trading styles for 3 different time periods.
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Reminiscences of a Stock Operator by Edwin Lefevre
How To Get Started In Electronic Day Trading
Charting: An Introduction to Technical Analysis and Its Concepts
Quick Introduction: Day trading with linear regression channels and intermarket analysis (Follow along as I post my paper trading account on my website)
The Compleat Guide to Day Trading Stocks
The Stock Trader: How I Make a Living Trading Stocks
The Compleat Day Trader: Trading Systems, Strategies, Timing Indicators and Analytical Methods
The Compleat Day Trader II (Compleat Day Trader)
What Works in Online Day Trading
Intra-Day Trading Strategies Course Book with DVD: Proven Steps to Trading Profits (Trade Secrets Course Books)
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