<< 1 >>
Rating: 
Summary: Sometimes Difficult To Follow...But Some Useful Information
Review: As a relative newcomer to trading, I find that The Electronic Day Trader does an excellent job of filling in a lot of holes in my understanding of who the players are and what the playing field looks like in the trading world, particularly the world of day trading. It was a quick read and also serves me well as a reference book for the stock market. This book emphasizes what I believe to be the most important lesson of successful trading: a strong commitment to money management principles. The best books on trading that I have read make a point of punctuating this point as a key to successful trading. I recommend this book to anyone who needs a RULEBOOK to help learn what you need to know to trade. If anyone needs a good PLAYBOOK of successful trading strategies, take a look at Cooper's Hit and Run Trading. It stresses a lot of momentum based strategies that are laid out in a simple, step-by-step approach. These two books have made me a happy trading camper!
Rating: 
Summary: good
Review: good book , nice condition
Rating:
Summary: Good book for starting day trader
Review: I liked the early history in the book. Too much jargon. You need to read this book several times to understand what to do. Particularly after you've lost money trading. Then this books starts to make more sense. However, I found the chapter on random markets so difficult that I skip through it. Are there any pictures that would explain the numbers? Does anyone understand that chapter? The tables in the back are invaluable in trading groups of stocks that move together. When I see one move I quickly look up the others and see if the group is starting to move and has relative strength versus the S&P500 and then I enter my trade. This has worked quite well. However what does that chapter on random markets mean? It's driving me mad. I can't figure it out. Yet.
Rating: 
Summary: essentially obsolete
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.
Rating:
Summary: Another book with old strategies, however....
Review: There are some good ideas that you can rescue from this book. Therefore I think you should buy it since you can make much more money and certainly recoup your small investment if you employ 2 o 3 good tips.
Any way, from my point of view a trader must always read as much as he can. There is simply no other way to prepare one self for this difficult yet incredibly rewarding activity, but to learn and put into practice as much ideas as you can, at least by paper trading first.
The are a lot of books on the subject, however many of them where written 2 o 4 years ago and that kind of makes them obsolete in this constantly changing field.
The internet offers great places where you can learn more specialized trading techniques. One of those places that I have found to be worthy is ProfitableStockmarket dotcom.
They focus mainly on momentum trading and employ a rather simple yet effective strategy. I think that for a trader to survive and be profitable, its neccessary to keep their trading as simple as possible. To much confussion and technical indicators will most of the time make you slow in your decisions and froze you up when a good opportunity is right in front of you.
In the end it's all about buying or selling with out hesitation, and doing it over an over again according to your set ups.
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: 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: Very good detailed account of the mechanics of day trading
Review: With over fifteen years of investing experience, I have (as many others have) become intrigued with the prospect of day trading. I have been collecting articles and information about it in hopes of a possible second career (my day job is as an administrative manager for a non-profit organization). I have read only about 1/3 of the book and found it a little onerous, but very informative - bottom line is that I was discouraged from seriously considering going into day trading. This is where the book is valuable - in terms of depicting the hard realities and eliminating the overglorification. It certainly hit home as to what the average neophyte is up against - it "ain't pretty." A conclusion of my extensive research into this field is that the survivors of this business lose a tremendous amount of money until they catch the hang of it. Even afterward, it is not an easy "row to hoe." Unless you have a very strong stomach and nerves of steel, keep your day job! A very good book though - it definitely helped me with much of the information I needed to make my decision. A must-read for anyone seriously considering day trading.
<< 1 >>
| 
