1 comments about PayTrading: From $2000 to $1 Million in 10 Years or Less.

1. Tons of people today use PayTrading every day to make money in the stock market. Read it today, it's good stuff.

5 comments about Stock Trading Wizard : Advanced Short-Term Trading Strategies for Swing and Day Trading.

1. This book is a great primer for beginning traders, in that it gives you a full overview of daytrading stocks, from an introduction to the markets, to explanations of execution methods, Level II, position management and money management. It's a great book for beginners and intermediate traders alike.



2. 10 Stars !!!!

   This book has saved me a fortune. When ever I'm in a slump, I stop trading and read this book again. It always gets me back on track. My main problem was I wasn't letting the market tell me which direction to trade. I was trading on the long side of the market when I should have been on the short side and vise versa. I've stopped watching the tape so closely, and focus now on general market conditions for my long or short signals. Now I don't get caught on the wrong side of the market as much. I feel that you can take many pages of this book and say that each one of those pages is worth far more than the price of admission. That is my honest opinion.




3. I like the way Tony guides you to the world of stock trading. He defenetly provides the neccessary information for beginners.
   
   Just keep in mind that beginners NEED to go beyond the basics and learn more practical strategies that can show them specific ways to make money from the stock market.
   
   Day trading is all about making buy and sell decisions. When you place a trade either your going to lose money or your going to make profits, and some other times you will break even. Trading doesn't have to be complicated and should never be regarded as gambling. Trading is a game of strategy.
   
   That's why The most important aspect of stock 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 systems 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 stock 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 in practical and effective ways. One of those sites is Sharp Trades ( SharpTrades 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.



4. I re-read this book and was going to write Tony a thank you note for a truly outstanding book that stands the test of time. Most financial books today only cover one aspect or another of the marketplace. Tony's books cover all angles and give a wonderful in depth blue print for the person who is willing to follow the advice given. Tony's book "The Stock Trader" is a must read accompanyment to this book and is worth the money. No other book on the market takes you inside a trader's mind and walks you through the trades as this does. I cannot recommend Tony's work enough and I am proud to consider him a friend. He is the happiest, most successful person I know. We can all strive to attain his example of success.



5. I brought this book in 2000 when I tried to learn trading. The reason I brought it was because it was so expensive and had many 5 star reviews. I thought it must has money making secret inside. However, it only contains some simple basic trading informations and some basic strategy, which is OK if it the book costs 10 dollars. I suspect those reviews were written by the author and his friends in order to boost sale.

5 comments about The Day Trader's Manual: Theory, Art, and Science of Profitable Short-Term Investing.

1. This book looks good, had one or two good reviews. But I wasted my money on it, because it put me to sleep. Written for the older crowd, with techniques used in the 80's. Definetely did not help me much, even though I sadly read %70 of it.



2. I was looking for "How To" Day trading book. Reading this book was torture. I felt Mr. Eng was trying harder to impress upon the reader his vast knowledge of the theory of economics, rather than teaching one how to day trade. I admit, I couldn't force myself to read the whole book. By the time I finished part two, feeling I'd gained nothing out of those 186 awful pages, I moved on to more exciting authors.



3. Way too much unusable information. I kept waking up throughout the book, hoping to get to the parts about day-trading I could put into practice. (It never happened)



4. I had rated the author's first book "Trading rules: Strategies for success" with 5 stars. I never expected such a frustration with this book.

   Perhaps the trader did try to make this book as a day trader's manual by including everything he deemed fit into a 322 page book: trading psychology, rules drawn from his own experience, chaos theory and in particular many TA tools like Market Profile, Elliot Wave, Gann Fan, RSI, Stochastics and so on. He then used nearly 40% of the book in 14 cases to elaborate those tools. The problem is, though I believe it's the intent of the author to make the book as concise as possible, it's simply impossible for most, even some professionals, to grasp the usage of the aforesaid TA tools. Even worse, the cases just did not help at all.

   In a word, a big disappointment for this one and I suggest those who would like to give the author a try to bet on his first book "Trading Rules: Strategies for success".




5. I anxiously waited for this book to arrive and was disappointed. Though the material may apply to some traders, it was like reading a physics manual. Very little up to date practical info. Candlesticks are not discussed at all. This book may be OK for a casual look over, but there are far better books such as Profitable Candlestick Trading by Bigalow, Toni Turners books, Nissans Candlestick books, Elders books, The Disciplined Trader, The Market Makers Edge, and many others that get into the real meat if you want to learn the art of day, swing, and position trading. Trading is not a get rich quick scheme, it is not gambling, but rather a deliberate planned approach to trading stocks and futures for fun and profit. It takes a lot of hard work and years of study to be consistently successful. You are going to have to focus on the art of the trade, not the money to get it done. Reading all of the books you can find on the subject is definitely suggested. But this one, I cannot recommend.

5 comments about The Market Maker's Edge: Day Trading Tactics from a Wall Street Insider.

1. This book does an above average job of covering various aspects of trading. Short of perfection, as if there is such a book, it does cover basically all aspects of trading. If I were looking to get into trading or investigating how to start this is where I would begin. I don't think that it's anything new for most accomplished or experienced traders but they would still learn something new from it.



2. I have read this book twice so far, it helped my results more than any other book. This book covers all of Elder's 3 Ms (Mind, Money, and Method) and more with concrete and actionable details. It discussed almost every essential aspect of trading in simple, clear, concise manner. I consider this book the very best in its category (I would rank it higher than Elder's "Trading for a Living" and "Coming into my Trading Room".) My favorite sections are "5-step to position sizing" and "Entry and Exit".
   
   This book is a must read to new traders, and it's a treasure worth many times of its cost.



3. As a professional trader and someone who has learned from the school of hard knocks as well as someone who has been trained through On-line Trading Academy (www.tradingacademy.com), I can not speak well enough about how this book broke down trading to it's core essentials. The key in trading is risk management, controlling your emotions and understanding how the market functions (i.e, price action, supply & demand, trends, support & resistance, and all the other basic principles). This book is extremely well written and should be included in every trader's library. I highly recommend it as it will give you great return on your investment.
   
   Best wishes and may all your trades be "green."



4. This was the 30th book on the markets and trading that I read. I'll admit I quit trading several times. But, I find this book is way better than the books I read years ago because it has specific ideas on how to trade. I loved the section on gaps and the great ideas like what he calls up-hooks and reverse hooks. I believe this book kind of screwed my head on straight for trading. But, I'm still in a period where I wanted to read for several months before I start actively trading again.
   
   I should note however, that I did a weirdly good trade right after reading the book. I believe this was the first time I made an amazing trade. I shorted a stock close to $29 and exited two days later when the stock was around $24. (Actually, I had bought a put option for $0.80 and sold it for $2.15.)



5. This is by far the best book on trading I have in my collection. Lukeman covers almost everything one woudl need to know about trading. Well written and each chapter has very good information. Enjoy!

5 comments about Electronic Day Trading Made Easy, Revised and Expanded 2nd Edition: Become a Successful Trader.

1. Sure, I would love to beat the market all the time....NOT POSSIBLE....maybe a little? Don't expect to read one book and be an expert. This requires many books{ maybe 30-40] + years of experience [read lots of mistakes]. I would give the book a higher rating but I don't think day trading is EASY at all...the title is very misleading. If you've taken your lumps in this bear market of 2000-2001, you know what I mean. If you're a bear, well finally you're time has come. I've been waiting for this bear since 1992! Good luck!



2. This book is ok if you are a new INVESTOR who wants to use Electronic Trading to buy stocks. If you are planning on being an active trader, or a day trader, skip this book. It is just basic order entry, system and level II quote information.

   As for the Made Easy part, investing and trading are not easy. If they could be made easy no one would sell you a book.




3. OK, if you want to read something that gives outline view of what Day Trading is about, go ahead and buy this book. If your looking to build a foundation for a successful career in trading, move on. Not only is this book a warmed up re-hash of material covered in dozens of other books, the information is really dated. I suppose that if we could roll the clock back to 1999, you could read this book, start trading and you'd probably feel pretty talented. But in reality, all you needed to know in 1999 was 3 or 4 steps.
   1) Pick a stock,
   2) Buy the stock
   3) Sell it after it goes up.
   4) Repeat steps 1 through 3.



4. 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. ;-)



5. This book is pretty basic and as a beginner you are going to have to learn more focused trading strategies and not just a generalistic overview of what day trading is or should be.
   
   Day trading is all about making buy and sell decisions. 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 of day trading is the knowledge FILTER you employ to make your buy and selling decisions. There are many "fantastic" trading strategies outhere, but you need to test them in order to discover which ones help you the most. That's part of your homework as a daytrader. Test, test and test again.
   
   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 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 in a practical and effective way. One of those sites is Stress Free Traders ( StressFreeTraders com)
   
   In the end, day 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.

5 comments about Getting Started in Online Day Trading.

1. I wanted a book that would take me step by step through all the technical day trader jargon and explain what all of it meant. Getting Started in Online Day Trading by Kassandra Bentley was just what the doctor, or in this case, the beginning day trader ordered. She takes a very solid approach to explaining what the stock market is all about, what day trading is all about, the procedures of doing day trading and the pitfalls of day trading.
   
   She is not shy in pointing out other books in order for you to gather good day trading information. This shows that she is very open to learning. Her book does a good job of not assuming that the reader already knows all about day-traderese. There are plenty of sidebar notes that refer to terms and phrases within each chapter. This is a very good way of reinforcing what you have just read. One specific area that was very clear in explanation are the terms bid and ask. While other books use these terms almost interchangeably and do not explain correctly who is the buyer and who is the seller, she does an excellent job of clarification on this subject. This point is probably obvious to old pros, but her insight that a beginner is not savvy to these nuisances is good thinking on her part.
   
   She also goes into some detail on charting and day trading methodology, but not too much in depth. If anything, this was the only negative about this book. However, after reading other books on day trading, I believe that this book is the most straight forward and understandable of all of them. The book is well thought out and very concise.



2. This book was a waste of money. It's meant for beginners that aren't familiar with the terms and concepts of stock trading in general. If you don't already know these terms or the basic concepts you shouldn't attempt to day trade. If you do know these terms and concepts, then this book is a waste. The day traders survival guide is a much better intro book and I highly recommend it over this one. Other recommended trading books to start you off are High Probability Trading by Marcel Link and Trading for a Living by Alexander Elder.



3. This book is ok for a trader that needs to start from scratch. But you will be needing more specific trading strategies.
   
   Keep in mind that the stock market doesn't really care if you are beginner. The rules and the trading opportunities are the same for every one. When you trade you compete against more seasoned traders, therefore you MUST go beyond the basics and employ a clear strategy to make your buy and sell decisions.
   
   There are many "fantastic" strategies outhere, but you need to test them in order to discover which ones help you the most. That's part of your homework as a stocktrader. Test, test and test again.
   
   Complicated systems 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 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 in a practical and effective way. One of those sites is Stress Free Traders ( StressFreeTraders com)
   
   In the end, day trading is all about buying and selling according to your knowledge FILTER. Once you master and follow your proven filter parameters like a clock, you can expect to start making serious amounts of cash on a consistent basis.



4. Regardless whether you're daytrading or not, it's full of layman's terminology in order to understand the complex nuts and bolts of trading in general. Yes, there can be information overload as one reviewer stated ... which is why I found this book invaluable. It's technical, without being stodgy and complicated. The sidebar definitions are fabulous for quick access to terms. I found it to be logically and succinctly organized ... and allows the reader to learn as little or as much as they need. Ms. Bentley states up front that daytrading may not be for the lighthearted, but even daytraders needed to start somewhere. With many individuals trading from their desktop computers, it's important to learn as quickly as possible with as much correct information as possible. Take one trade at a time, utilize the directions ... do the "faux" tutorials on other sites where you don't have to lose money. Then if you find daytrading IS for you, "Online Day Trading" can be your bible. Thanks greatly, Ms. Bentley ... it helped me considerably!



5. 1) If you have no money, don't invest.
   
   2) Don't invest money you can't afford to lose.
   
   3) You have to spend money to make money
   
   4) If you're poor don't even think of investing
   
   5) Thanks for buying my book now I'm richer.
   
   Thanks for the info Bentley.

5 comments about The Guts and Glory of Day Trading: True Stories of Day Traders Who Made (or Lost) $1,000,000.

1. "What is a day trader? Maybe it doesn't matter."

   Unfortunately for us readers, this statement (taken from the book) is not meant as a joke. Many of the chapters are about people who have absolutely nothing to do with day trading. It is amazing that the author claims to have selected these people from a much longer list of candidates. Well, maybe it isn't that amazing when you consider that everything in this book is based on phone interviews in which the "traders" presented their own stories. No trading records were reviewed, not a single account was audited.

   Let's look at two examples taken from the book:

   Example 1: "Barbara Hamilton" (her real name was not given in the book): divorced and received $525,000, which she turned into (the text isn't very specific about this) a little more than one million...by buying and holding internet stocks in 1998 and 1999. Despite being considered a "day trader" by the author, she was still holding them all the way down, and lost most of her money. The chapter ends with the words: "And she was bound and determined to make back her million."

   Example 2: Mary Pugh: Bet all her money (!) on one single penny stock, held it on the way up, held it one the way down. Needless to say, that's a little different from what I consider day trading.

   Just as an aside: The cover blurb ("Real-life lessons that any trader can profit from.") was written by Jamie Heller, editor-at-large at TheStreet.com, the web site Mark Ingebretsen used to write articles for. I guess that's what friends are for.




2. Dear Mark,

   I just wanted to say how much I enjoyed your book. Of course I am trying to make a living as a daytrader, but what I find interesting is that your book has the mistakes the various traders have made as well as their success
   stories. It is very inspirational to know that other people have setbacks too. I am living in Japan; I teach in the evenings then come home and trade from 11:30pm (Japan time) through to early morning, then sleep, then new day begins.......so I am a "night-trader"......... Anyway I just wanted to say I read and appreciated your book very much! Write another!




3. I am a full time equity & futures trader. I have read a lot of trading books. The Guts and Glory of Day Trading, has NOTHING to do with day trading. It's just story telling. No *exact* programming code revealed, no statistical analysis either. Overall, it tells you nothing at all about day trading.



4. The 'error' in the title of this book is a representative of the appalling quality of the book. To be fair, the author cites his definition of 'day trading' which is *NOT* the industry accepted definition.

   A couple of problems with this book:

   - the author appears to have no idea regarding the topic of trading;
   - it generally has little to do with day trading;
   - most subjects in the books are average people who got lucky with apparently no skills (nor common sense);
   - the book is written in a style suited to magazines, particularly those for pure entertainment - although unfortunately it is not entertaining at all. The author is unable to direct subjects to the appropriate topics and fails to extract anything substantial in any area; and
   - there is very little useful and educational information in it at all (eg statistics / methods / psychology / money management).

   There are many other books that are significantly better than this one, particularly Schwager's Market Wizards books.

   If you're looking for some possibly fun (for those who haven't read anything in this area), brainless and easy reading - this could be your answer to boredom.

   If you want anymore, I'd almost guarantee your disappointment.




5. I was thinking of leaving my present job (in the administrative field, basically, I work as a secretary in an office downtown San Francisco) for the glamorous field of day trading, because a cousin of mine claimed to have made over $10,000 a day for eight days in a row, and this fellow is a totally uneducated guy without a brain in his head, so I figured, how hard could it be? However Mark Ingebretsen's book convinced me that I'm not quite as ready as I thought I was to jump into the pool of guts they call the day trading game.
   
   No matter if you're new to the job or an old hand, day trading requires either nerves of steel or a mind completely dulled by OxyContin. Ingebretsen has rounded up the usual suspects, but makes his own contribution of a radpidly expanding field by interviewing some luckless schlemiels who lost everything, and would you believe it, more than one of them claim they have no regrets! I'd be kicking myself around the block and these people are just flushed with triumphant and glistening with endorphins.
   
   My cousin says he just went in on a dare from an old college roommate. They read a book called DAY TRADING FOR DUMMIES, and the next thing you know they were holding down space at one of those trading parlors in Sunnyside. And the next thing you know after that, Jeff (my cousin) is hosting a family reunion at "Firefly," his newly purchased retreat in Jamaica, formerly the home of the Duke and Duchess of Windsor. However, envy and jealousy have torn his immediate family apart and none of them are coming, so what's the odds? It's like being a lottery winner. On the one hand, all your dreams come true, but on the other, like Jennifer Aniston, or Karl Rove, your life becomes miserable thanks to renewed public scrutiny.

5 comments about The Best: TradingMarkets.com Conversations With Top Traders.

1. I really enjoyed this book. It has some great insights and stories from some of today's top traders and money manager. You'll also learn some practical trading strategies too. So if you liked Market Wizards, you'll like this one.



2. This book was clearly put together hastily -- and edited (if at all) the way a teenager might clean his bedroom. I found large sections of it incoherent, and even when specific trading strategies are being discussed, they are often difficult to make sense of. The book consists almost entirely of shop talk and jargon and leaps from topic to topic like a Mexican jumping bean. You get the feeling that it is exclusively for day traders who hang out in trading rooms; if you are not one of these then think twice before buying. The title "The Best" is pretty questionable too. It is not clear at all whether many of the traders being interviewed owe their success to a lasting mastery of the markets, or to strategies that happen to have worked under highly unusual conditions which have already disappeared. This book pales beside the Market Wizards classics (and even the 3rd, not-so-classic Market Wizards book). Its only merit is that it does go into considerably more detail than the Market Wizards interviews. A lot of that detail is frustratingly disorderly, but I found a small proportion of it useful, and you might as well.



3. This book is the equal of such classic "trader success profiles" as the Market Wizards series. Many of these profiles trace the backgrounds of very successful traders from their humble beginnings and provide a nice roadmap for aspiring traders. I especially liked the profiles of Kacher and Morales, top traders from William O'Neil's (founder of Investors Business Daily) trading business. They offer a lot of insight into what it takes to become respected traders. If you are like me, you will likely read some of the profiles several times over.



4. Written on par with the Market Wizards series, there are interviews with some of the biggest names on this era. What puts this ahead of Market Wizards, is that there are actually a number of techniques given and one can pick up a number of ideas to look for. My only gripe was that half the fund managers in this book all used the same William O'Neill CANSLIM method, looking for strong fundamentals and cup and handle breakouts. Yes, they have produced great returns with their funds as of the book writing (late 2000), but all the interviews with the fund managers seem to be exactly the same.



5. Loved the Chris Kacher, Gil Morales, and David Ryan interviews. Incidentally, Chris Kacher and David Ryan are both profiled on www.wikipedia.com. I also enjoyed the Jeff Cooper interview though my trading style is more intermediate term oriented.
   
   I've read almost all the conversations with top trader type books. The problem is some of the traders interviewed ran into hard times. I wish someone would publish a book on those traders, where they went wrong, and what they could have done to prevent it.

1 comments about Wall Street Stories: Introduction by Jack Schwager.

1. A neat collection of short stories that appeared in McClure's Magazine around 1900. Some characters reappear in different stories, but the stories are each self-contained. This is the earliest work in which I have found the short-selling quote: "He who sells what isn't his'n, Must buy it back or go to pris'n (page 173)." If you want to feel the brass Ticky-ticky-ticky-tick of the ticker then read this book. The first story "The Lady and Her Bonds" appears to have been the inspiration for Lefevre's novel "Sampson Rosk of Wall Street." If you liked "Reminiscences of a Stock Operator," you will love this book. Don't be dissuaded by the "out of print" label probably attached to this work - it cn still be found and is worth the search.

5 comments about The Long-term Day Trader: Short-term Strategies to Boost Your Long-term Profits.

1. THIS BOOK WAS NOT USEFULL TO ME. IF YOU DON'T ALREADY KNOW THE BEGINERS INFORMATION IN THIS BOOK, YOU HAVE A LONG WAY TO GO.



2. This book is mainly for beginners, and offers a good introduction into investing.



3. This the type of book that benefits one early in one's trading process and merits re-reads after more experience. While there is very little from the technical point of view, the practical, "real world" advise rings very clear. People often buy books that are too complicated for their current level of understanding. Accordingly, they acquire more "knowledge" but not more understanding. Confusion can lead to a lot of lost money in trading. Thankfully, this is not such a book. It deserves a permanent place on the traders and investor's bookshelf.



4. The worst trading book I ever purchased. The book is full of catch phrases and waffles page after page. Example: more than 100 pages of advice such as:
   Don't trade scared (1 full page)
   Be patient (1 full page)
   Trade like a robot, wothout emotion (1 full page)
   Always have a profit goal (1 full page)
   etcetera
   The book does not show any examples of successfully backtested strategies. Better go for "Trade like a Hedge Fund" from J Altucher.



5. This book is a real gem for beginners, it gives lots of great tips without the egotistical mumbo jumbo.