Rating: Summary: Learn about the important stuff in trading Review: While the title has disappointed some by leading one to think that this book contains the secret strategies of a successful day trader (it does not), I found this book to be perfectly appropriate for teaching everyone about an often overlooked concept and the one thing that kept him in the trading game: heart.Through the lens of this notion, Borsellino gives folks a first-hand look of what it takes to make money in the S&P futures pits of the Chicago Merc. Much more than that, "Big Italy" gives you a no-holds-barred account of his humble beginnings and some of his more interesting episodes as a day trader on the Merc. The best story I ever read was about how he was able to earn over $1.3 million dollars on one trade...in about 1 minute! If you want to see what its like to be on the other side of the daytrading fence (the very profitable side) take a look at Borsellio's "The Day Trader". Also useful is an interview he gives in "The Best: TradingMarkets.com Conversations With Top Traders". There he discussed order flow and support and resistance from a pit trader and a pc-based traders point of view. Some useful nuggets there.
Rating: Summary: Not a book for people looking for trading education Review: I guess I'm spoiled by Martin Schwartz's excellent book Pit Bull. I was expecting a trader's autobiography something along the same line with The Day Trader, but what I got was the first 130 pages of Borsellino talking about what a tough guy he is and about his mafioso father. After that he dips into a high-level discussion of the changes to the commodities and NASDAQ exchanges over the years. There is virtually no mention of trading technique or psychology, outside of the constant tough guy braggadocio, which is pretty sad to hear from a 40-year-old guy. And definitely don't buy it if you're looking for trading advice or techniques. There is none to be found. If you want a nice biographical read about a trader, read Pit Bull or Reminiscences of a Stock Operator instead. Borsellino simply doesn't write well enough to keep this one interesting. The story wanders around too much and is too repetitious.
Rating: Summary: Excellent Book Review: The book is not a tech how to book but in all fairness the auther doesn't claim it as one. This book is more of an autobiography and in that category it is a 5. The auther brags about himself at times but anyone who is that successful has a right too. Excellent read well worth the time!
Rating: Summary: Misleading Title! Review: You know when they say "Don't judge a book by it's cover?" Well here's a living proof of it! Well, the book is not about day trading. I founs perhaps around 3 or 4 sentences that talk about day trading and that's about it. The authors has focused more on his personal life. This should be named an Autobiography of Borsellino instead. However, he is a good writer and has written pretty well, I must say. His personal life experiences are very touching and interesting to read about. He does warn us in the beginning that he will be talking about his life, but I did not expect it to be of such *great* extent. Perhaps he believes that if we know about his personal life, and understand it deeply, then we will be better traders. The reason I am assigning a 2-star is just because of the misleading title of the book. But it doesn't mean that Mr. Borsellino is not a good writer. He writes very well indeed! Thank you, Steve.
Rating: Summary: Not a trading book, but not too boring a story Review: Dont know whether I had not expected much from this book or what,(I had read through many negative reviews here on Amazon that I know this is not the type of tool book nor sheer biography that one might expect), it is not so boring to me. However, in a trader reader perspective, it is at least 2,000 pips (in yen/$ term, the range in 2002) below the quality level of "Reminiscences of a stock operator" and "Pit Bull". So unless you had no other book in your mind that you wanna read or you are a contrarian, I strongly recommend you to spend your valuable time on other ones, like those I mentioned above, or scan through the Amazon database for better alternatives.
Rating: Summary: Has nothing for a Day-trader Review: It is auto-biographical and has not improved my knowledge about day-trading one bit. It is more egotistical that knowledgeable. I consider it a waste of my money.
Rating: Summary: Don't waste your time or money Review: First of all, this book is not about trading, and is virtually devoid of any trading information. As a former floor trader on Wall Street who now trades through a computer, I could give you more trading tips in one paragraph than he gives in the entire book. A significant portion of the book deals with his apparent obsession with his criminal father, who was in prison most of the time Mr. Borsellino was growing up, and who was ultimately murdered by the mob. In spite of these facts, the author repeatedly refers to the excellent advice his father gave him growing up (yeah, right). He also appears proud of his numerous instances where he punched out fellow traders in the pit, something that would have gotten him banned for life at my venerable New York exchange (this is apparently a commentary on the Chicago markets and the people behind them). Also, an attack he was involved with in his immigrant neighborhood lead to him becoming a convicted felon. Since the book does not deal with trading, and the author is not a celebrity whose biography might have merit on its own, it begs the question of why the book was even written. This question is apparently answered at the end, when the reader discovers Mr. Borsellino is attempting to start his own fund, and therefore needs all the publicity he can muster. Ultimately, the book is a statement about how a poor Italian immigrant family is unable to rise above their background, and how money does not materially change a person.
Rating: Summary: A person who has traded with Lewie Review: As a fellow CME member and trader I expected a lot more from a man I had heard much about before I stepped in the S&P pit. The book title is misleading, and he does repeat again and again about his father and his troubled youth. However, I had heard many stories about how LBJ took Soros (the man who broke the bank of England) for a "ride" the days following the crash of 87'; and his story matched. I had also heard stories, among others, that LBJ took a Concorde home from europe to get back for the 87' aftermath and proceeded to make a killing; his book again confirmed. Moreover, on a personal level, this book legitamized a lot of rumors that had floated around the CME. To sum it up, this book is auto-biographical with occassional insights into what made him such an exceptional trader; this certainly isnt a "day traders" manual.
Rating: Summary: OMERTÀ ON TRADING SECRETS Review: A hot contender for the title of worst trading book ever written. Rather than a discussion of the one issue that might lead one to respect the author - his trading - he subjects his readers to 200 pages of whingeing about his victimization on account of his father's mafia connections. While Mr. Borsellino goes to extraordinary lengths to deny that he has maintained these, he produces such a mind-numbingly tedious volume that one begins to wonder whether its publisher took the decision to publish on the basis of an "offer he couldn't refuse".
Rating: Summary: The Day Trader, From the Pit to the PC Review: I expected, from the title, a book that would provide some insight into day trading. I wouln't have bought the book had I known that is was an autobiography of the son of a convicted thief, that the author wrote exclusively about himself, and that he provided nothing helpful or interesting about the topic one would expect from the title.
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