Rating: 
Summary: This is a very interesting book
Review: This is a very interesting book and useful if combined with the Secrets of Electronic Day Trading also created by the same authors. We are not sure that the discussion regarding Specialists is still that useful because it is our understanding that specialists do a great deal more hedging with options than when one of these authors worked on the AMEX. However, with regard to listed stocks you get to see how a trader of New York stocks thinks. It is part of the evaluation process that we do all day long. This book's strength seems to be with NASDAQ stock trading. Which makes sense since the authors own a SOES firm. On CNBC the author stated a new trader should learn how to trade by trading 100 shares. We agree. You are not going to sit in front of a screen and be a great trader; without understanding, experience and discipline. After all did the net stocks go up forever? After Yahoo went up over 200 was it still a hold. I guess it depends on the size of your account and your time horizon. This book explains a very simple method of day trading. It surprisingly works for a few very skilled practitioners. We know it works because we do the same thing, (mostly on New York stocks). If you have experience you might pick up the nugget of wisdom in this book. Without experience you need to read the follow-up book because the useful piece of information gets drilled into you by every real daytrader they interviewed.
Rating: 
Summary: What became of Broadway Trading, LLC??
Review: They went bankrupt, which is where you would be if you followed West and Friedfertig's methods. The book was a copy of Jack Schwager's Market Wizards series, due to the interviews conducted with "traders". You would be amazed if you saw some of these people and didnt read their words in print. Somehow they would not come off so sharp. Trust me!Also do you think our authors would be able to spot "managerial talent" over a few aspiring proprietory traders? No they hire guys who have previously filed bankruptcy in their past and pipe up their accomplishments, which are a joke when you realized they bailed on creditors!! Save yourself a dime and avoid it-if someone gives it to you, and you can't return it, use to start the BBQ grill. I could go on and on about SEC/NASD violation, getting short on a downtick, etc but I wont!
Rating:
Summary: Obsolete
Review: This book completely fails to realistically convey the relative risks and profit potential for the average wannabe day trader. Im talking about someone with less than a few thousand to play the market. Unless you have big bucks and Level II quotes forget day trading unless you are very lucky. In the trading parlance, I wish I had a short position on this book at its current price, and could cover my short at the current used price! Save your money.
Rating: 
Summary: Scary to see this on Amazon's "best seller" list
Review: It is really unfortunate that this is one of Amazon's "best sellers." Although I don't really advocate day trading, this book certainly won't help you overcome the fact that 90% of traders lose money. The Level II quote analysis is cursory at best. Also, the tips on how winning traders thin and act are platitudes. Check out Alexander Elder's "Trading For A Living" for the finest book on trading psychology instead. However, the book does present a good overview of SOES, SelectNet, ECNs, and how the New York and NASDAQ exchanges operate. This book is an attempt to cash in on the day trading frenzy. The book has several salient grammatical errors, suggesting that this book was rushed "out the door." Good luck on your day trading exploits! This book is not worth the purchase, but would be worth checking out in a library.
Rating:
Summary: What became of Broadway Trading, LLC??
Review: They went bankrupt, which is where you would be if you followed West and Friedfertig's methods. The book was a copy of Jack Schwager's Market Wizards series, due to the interviews conducted with "traders". You would be amazed if you saw some of these people and didnt read their words in print. Somehow they would not come off so sharp. Trust me! Also do you think our authors would be able to spot "managerial talent" over a few aspiring proprietory traders? No they hire guys who have previously filed bankruptcy in their past and pipe up their accomplishments, which are a joke when you realized they bailed on creditors!! Save yourself a dime and avoid it-if someone gives it to you, and you can't return it, use to start the BBQ grill. I could go on and on about SEC/NASD violation, getting short on a downtick, etc but I wont!
Rating: 
Summary: good
Review: good book , nice condition
Rating:
Summary: essentially obsolete
Review: This book is essentially obsolete just three years after its publication. Stocks are now traded in decimals, and the spreads on heavily traded stocks are now almost nonexistent, sometimes being less than one cent a share. Consequently, you can forget about any of the strategies or information regarding "pocketing the spread", "getting between the spread", etc. With the proliferation of ECN trading, the influence of the market makers in a stock has been markedly reduced. In a stock that trades 80 million shares per day, a market maker with a 100,000 share block is not going to be able to move the stock significantly, and ECN trading can overwhelm his influence. Likewise, information gleaned from the Level II screen, while still useful if one knows what to look for, is no longer the Holy Grail. Also, day trading firms, like the authors' "Broadway Trading" are on the way to extinction, now that some big online brokers offer direct-access trades for less than a quarter of what day trading firms charge, as well as offering free Level II quotes and other information not available to the day trading firms. While the book contains a few nuggets of trading info, it was not written in a logical, easy to follow manner. As has always been the case, aspiring traders need to study the markets intensely and develop their own trading techniques; they cannot expect that any book will teach them how to be successful in a field where very few people ever succeed.
Rating:
Summary: FANTASTIC!
Review: THIS IS THE PLACE TO START DAYTRADING! THIS BOOK IS PRESENTED IN A VERY PRACTICAL WAY, AND TEACHES YOU HOW TO LIMIT YOUR LOSSES! GREAT BOOK! BUY IT!
Rating:
Summary: Clear as Milk
Review: With eight college degrees and a great deal of success in the early days of day trading I was sadly disappointed in the usefulness of the book. Largely repetitive, the authors fail to deal with the basics that would enable morepeople to approach day trading in the smart fashion.
Rating: 
Summary: Well gathered Information.
Review: Mr. Friedfertig and Mr West have gathered for us a collection of good information for Day Traders. They look at the insider's viewpoints, the market maker's and the trader's. Their newer book "Electronic Day Trader's Secrets" has more real life examples, and I enjoyed it more. But this book also contains valuable information to know for the trader. Thank You, Steve.
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