Rating: Summary: Good information. Review: This book contains good informaton, but horrible writing makes it difficult to understand. I would suggest reading another book on the subject before attempting to decipher this one.
Rating: Summary: Not for the new guy Review: Being new to trading I knew I had to get an education. I picked the wrong school. I found it very confusing and it didn't give me any useful tools to start trading with. The author may be good at math but he's a lousy teacher. One big ad for Datek, which has received some terrible reviews lately. Don't waste your money.
Rating: Summary: Waste of Money!! You'll Learn More from a Coloring Book Review: I am a statistics profressor and Day-Trader with over 200% return this year, no thanks to this author. My $25.00 spent on the book could have been $100 on the market, instead I gave the book to a friend as an example of a worthless book. No real information in this book that can't be found searching the Internet with key words "Day Trading". The software system used by the author costs about $1500 a month and he trades from a seat on NASDAQ with a multi-million dollar account. If you have less than $100,000 and want to day-trade, this book won't help you. It's for the big-leagues. Worthless a thousand times.
Rating: Summary: not very specific for daytrading Review: Although this book has some good info on the workings of the stock market in general, it falls far short of the important specific information and strategies necessary to daytrade stocks quickly and effectively. Leaves a lot of unanswered questions. I also got the impression the authors were trying to sell their daytrading course with this book. If you are serious about daytrading, spend your money on another book.
Rating: Summary: Definitely not a step-by-step guide Review: I have read lots and lots of investment books and found most, if not all, easy to read and understand. This was not the case with this book. The book never hooked me. I struggled to get through each chapter and finally gave up about half way through. I don't currently daytrade and so was looking for a step-by-step guide. This definitely is not it!
Rating: Summary: Wish I wouldnt have wasted money Review: I was disappointed with this book. I agree with the others that say it is a sales pitch. It was too tecno minded and didnt help with the day to day information that is needed. Wade Cook has books out on stocks, and yes alot of his are sales pitches as well but at least there were a few points I could gleen from his book. Nothing was gained from reading Electronic Day Trader
Rating: Summary: Confusing technobables Review: Avoid this book if you're looking for a guide to day trading. The authors throws stuff at you as if to show how much they know, that YOU don't and didn't even attempt to explain. It sucks!
Rating: Summary: Buy my seminar and Brokerage Services Review: Shameless selling and personal hype throughout this book.Why not sell groceries and pants and shirts while your at it!
Rating: Summary: For Beginners and a Primer for the Authors' Seminars Review: This book does give the beginning day trader a lot of information. It will give you details about how the NYSE and NASDAQ exchanges operate. It will tell you how the different ECN's operate. It will even give you a few day trading strategies. However, it will NOT, as the back cover states, "put you shoulder-to-shoulder with other active traders." It simply does NOT give the reader enough specific information on how to become a full fledged day trader. While I was reading, I was under the impression the authors were withholding or omitting information. In some chapters, the text is so cryptic or filled with meaningless technobabble, it is difficult to understand how it is applied to actual trading. I'm sure many who read this book will recall the '80s when "no money down" real estate seminars became all the rage. Throughout this book, the authors mention their web site and how you can learn more about day trading. Apparently, the authors are using this book as a primer for their $1700 week long seminar. All necessary information should be in the book and the seminar, which others offer for $200, should only be used for augmentation. The book is rather short. Although it is 208 pages, only the first 165 are useful. The last 2 appendixes deal with CNN and stock index information which is either outdated or may be obtained elsewhere. In fact, a true day trader will not be watching CNN to be making trades. He will be using his Level 2 screen and realtime newsfeed. The term "day trader" carries a special connotation which most beginning investors don't understand. Most day traders use only NASDAQ Level 2 screens. L2 shows the demand for a NASDAQ stock. The biggest objection I have with this book, and with most other day trading books, is that there aren't enough examples and instructions on how to use the L2 screens. Even the author's mention how their own program, "Watcher", only deals with NASDAQ stocks. Yet, there isn't a SINGLE colored L2 screen in the entire book. Furthermore, there are too few L2 examples and the authors do NOT show you how to use L2 "step by step." If a reader were to rely solely upon this book to learn day trading, he wouldn't be around for very long.
Rating: Summary: The best online trading book I have ever read. Review: This is probably the most useful book about online trading. Many of the books out there are just after your money. Electronic DayTrader is definitely the most informative I have run across. A must buy.
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