No comments about A Day Trader's Little Instruction Book: Wit and Wisdom for the Online Investor.

No comments about Getting Started in Real Estate Day Trading: Proven Techniques for Buying and Selling Houses The Same Day Using The Internet!.

1 comments about The Complete Guide to Online Stock Market Investing: The Definitive 20-Day Guide.

1. This book might very well be a very good book ... about investing IN THE UNITED KINGDOM! I just purchased the book, and immediately noticed that the back cover is a complete advertisement for a company called ODL Securities. While they have U.S offices, they appear to be based in Britain.
   
   So I started thumbing through the book, and I find nothing but references to the UK, references to the London Stock Exchange, all monies expressed in pounds (at least I think that's what the symbol was), etc.
   
   As an American citizen, it's a complete waste of money for me. It would be nice if they would be a little more specific in their title, or if amazon.com could create a classification indicating the target country for the book.
   
   I hope this review helps in preventing another American from wasting good money buying this book.

5 comments about Electronic Day Trading Made Easy: 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.

No comments about 10 Days to Successful Options Trading: An Interactive Home Study Program in Basic and Advanced Options Trading Techniques for All Levels of Investors From Options Investing Expert Bernie Schaeffer.

1 comments about Sammy Chua's Day Trade Your Way to Financial Freedom (Wiley Trading).

1. I did enjoy this offering from Chua; it is an informative read. It is not overly technical. There is, however, a shortage of intra-day strategies.The bulk of this text focused on swing-trade techniques.I am ticked about the CD-ROM that was advertised to be included with this book. Everything changed after the release date; no CD. The Sammy site offers the CD, but does not deliver the product(spam trap). Requests for an explanation get no response. Yo' Sammy, what's the deal? I want my stuff, man!

5 comments about Day Trading on the Edge: a Look-Before-You-Leap Guide to Extreme Investing.

1. If ever I have bought a worthless piece of #### this is it. This man has absolutely nothing useful, except to warn you time and again not to be a day trader. He repeats the same very basic concepts in all the beginning chapters. I learned nothing useful except a ton of webpages and daytrading courses offered by the daytraders who he interviewed complete with thier 800 numbers....A real waste of ... I kid you not.



2. This was a fun book to read if you like trading books in general. There are some good points on system selection (almost too much), tax tips and an interesting section on Psychology. The interviews with traders are very general and do not contain any information on strategy of the traders. Had the interviews contained more strategy and less chit chat, this would be an excellent selection. As is however, just so so..



3. I have been looking into trading in general for the last 2 months or so. I strongly believe this should be one of the first books to be read.

   Why such a strong recommendation/endorsement ?? Because of a very interesting survey and discussion about the success rates of day traders and their age profile for example. How much money did aspiring day traders make during the first 6 months ?? And so on ..

   So it is a strong overview of the industry. It is available in the local library for me. If it weren't I wouldn't have bought it because some of the reviews on this forum were so negative. But I did read it. It is a great source of information ..




4. If you want to be successful in this field. You probably need minimum a dozen books for perodically refreshing your mind. Just like you need a minimum 12 stocks to achieve the diversification.

   This one will do the job. I doubt you have the time to go over all the books ever published in this field.

   I have heard the importance of money management in every of the hundreds book I have read in the past few years. I believe it is true. But this is the only book finally push me to the immediate action. After I spent whole afternoon do a experiment try to veryfy the statement on Percentage of Risk on page 184. I only did 33 tosses instead 100 tosses.

   I also believe day trading is hard. But just as the old adge "you will not shed the tears until you see the coffin." This book will do the trick. This book give you some of the other side truth.

   This the second time I read this book. Both time by borrowing it from local library. Now I am going to buy one for keep. Even though not every chapter is to my liking.




5. As others have said, this book really doesn't tell you anything about trading. Instead, it focuses more on what kind of person would make a good trader. It reminds me of the articles about different professions my high school guidance counselor gave me when I was a kid.
   
   There are many contributing writers to this book, which is a bit confusing since the cover only mentions Leslie Masonson. It appears he was basically the editor of the book, who also wrote a few chapters. He conducted a survey, and published the results, which is worthwhile, and could be interesting to prospective traders.
   
   I found Chapter 11 on tax evasion (er, I mean planning) by Ted Tesser to be written poorly. I haven't read something so repetitive since Wade B. Cook's "Wall Street Money Machine". Tesser has a few ideas (which may be good, who knows), which he repeats (often in bullet form) over and over again. I couldn't imagine buying Tesser's book which he plugs in that chapter. Just hire a tax attorney... might cost more up front, but the at least you won't be wasting your time.
   
   The last few chapters contain interviews with many different traders. Masonson plugs each of their websites (about half of which are out of business as of May 2005). Some of these traders seemed to have intelligent advice, others seemed to barely know what they are doing themselves.
   
   In summary, I found this to be another run of the mill book on trading. Like so many books on the subject, you feel like the main goal of the book was to promote other businesses offered by the writers. I suggest if you still want to read it, you do as I did, and borrow it from your local library rather than waste your $$.

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 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.

No comments about Inside the Day Trading Game: Putting a Spyglass on Profits.