Rating: 
Summary: worth it's weight in gold
Review: "This is the hardcopy version of the excellent e-book the "Tools of the Trade." Everything you need to know about execution. Including SuperSoes, SelectNet, Soes, all ECN's . It is the best reference manual I've ever seen. Don't know why they decided to publish in paper. Author is former market maker etc," is what another reviewer said. I agree 100%. But they didn't mention the chapter on market making: what the market makers really do, how they do it, and how to spot it. Most interesting take on the subject, and the only useful description I've seen. Or that it covers all the special things the ECNs are capable of, like hidden orders- and how to use them for maximum gain. This book is chock full of all the information I've been looking for - for years. Most, if not all of it, is available nowhere else. Why didn't somebody think of it sooner? Wish I knew all this BEFORE I started trading direct. Would have saved me some lo$$e$ :)
Rating:
Summary: worth it's weight in gold
Review: "This is the hardcopy version of the excellent e-book the "Tools of the Trade." Everything you need to know about execution. Including SuperSoes, SelectNet, Soes, all ECN's . It is the best reference manual I've ever seen. Don't know why they decided to publish in paper. Author is former market maker etc," is what another reviewer said. I agree 100%. But they didn't mention the chapter on market making: what the market makers really do, how they do it, and how to spot it. Most interesting take on the subject, and the only useful description I've seen. Or that it covers all the special things the ECNs are capable of, like hidden orders- and how to use them for maximum gain. This book is chock full of all the information I've been looking for - for years. Most, if not all of it, is available nowhere else. Why didn't somebody think of it sooner? Wish I knew all this BEFORE I started trading direct. Would have saved me some lo$$e$ :)
Rating: 
Summary: Some good stuff here...Really!!
Review: Although much of the info is a repeat of similar books, the detailed description of the various "order execution" routes was very useful.
Rating:
Summary: Supersoes, etc Covered
Review: Book was published in January this year - so graphics are all in fractions... But - information is comprehensive and in depth like no other book on Level 2. The approach of this book is "how to get the best fills, in every market condition." It applies to all trading styles. Imho, book succeeds where no other does. Complete, unique, and accurate descriptions of all execution systems, in lay terms. When to use which routes, and why. Including Supersoes, how it works, when it works, and how to use it (and when not to use it). If you want to learn the specifics of how to get the best fills, this book will help like no other I've seen. Straight and to the point, with no b.s. promoting any brokers, services, etc. Just great info. Only complaint is that graphics are in fractions, and that is annoying. But all of the ideas and strategies are current and comprehensive. Like I said earlier, it has a complete description of how to use Supersoes. Overall, best coverage of execution and level 2 interpretation I have seen. I learned a number of things, and I've been trading "direct" for two years. I am a swing trader, and most of the books dealing with level 2 cover the subject in such a way that it simply doesn't apply to what I do. This book does; the approach to execution is accurate accross all time frames, not just scalping. So the book was a very pleasant surprise.
Rating:
Summary: Supersoes, etc Covered
Review: Book was published in January this year - so graphics are all in fractions... But - information is comprehensive and in depth like no other book on Level 2. The approach of this book is "how to get the best fills, in every market condition." It applies to all trading styles. Imho, book succeeds where no other does. Complete, unique, and accurate descriptions of all execution systems, in lay terms. When to use which routes, and why. Including Supersoes, how it works, when it works, and how to use it (and when not to use it). If you want to learn the specifics of how to get the best fills, this book will help like no other I've seen. Straight and to the point, with no b.s. promoting any brokers, services, etc. Just great info. Only complaint is that graphics are in fractions, and that is annoying. But all of the ideas and strategies are current and comprehensive. Like I said earlier, it has a complete description of how to use Supersoes. Overall, best coverage of execution and level 2 interpretation I have seen. I learned a number of things, and I've been trading "direct" for two years. I am a swing trader, and most of the books dealing with level 2 cover the subject in such a way that it simply doesn't apply to what I do. This book does; the approach to execution is accurate accross all time frames, not just scalping. So the book was a very pleasant surprise.
Rating: 
Summary: Underperformer
Review: Don't buy this book for the following reasons: a) contents contains no new insights whatsoever compared to other books, information available on the internet b) the style is irritant. Author keeps referring the topics that will be discussed further on. A complete waste of money.
Rating:
Summary: A Complete Insight Into The Nasdaq Trader's Toolkit
Review: Here's a solid read for the Nasdaq Level II curious. As the former head of MB Trading, Labier has built a career around electronic daytrading. Though a self-proclaimed fan of 'get rich' books, this book offers a no-frills example-packed ride for the beginner. Starting with the basics, everything you need to know about interpreting Level II is provided. If you have no idea what Level II is, that's covered as well. Slugging it out in the trenches with scalping strategies is nothing that comes easy for the untrained eye. Labier brings some clarity to the madness with the one goal of making a profitable trader. Having the intricacies of the Level II screen ingrained in the mindset is a must for a Level II trader. This book is appropriately called a 'toolkit' for the trader who uses all the information to his or her advantage. 'Buy low and sell high' is a start, but to really be good at this game, you need everything you can get your hands on to gain an advantage. I found the strategies uncovered by Labier as to how market makers use deception to mislead a key feature in this book. It's not hard to see how a rookie trader gets eaten up by the big guys when maneuvering through Level II's electronic battlefield. Labier will save you from a few wounds with an in-depth look into the tricks players use to outwit the competition. Of other interest is a thorough description of how orders are processed. The Nasdaq is a complicated structure of computer networking that needs to be understood when it comes to choosing a platform from which you wish to trade. Another issue is the up-and-coming Level III that Labier gives the low down on. I recommend this book for someone interested in getting into Level II. A trader needs the tools best-suited for their interest, and the information provided here will lay it all out for you. Put your strategy together and prepare to succeed.
Rating:
Summary: Good but outdated
Review: Here???s a solid read for the Nasdaq Level II curious. As the former head of MB Trading, Labier has built a career around electronic daytrading. Though a self-proclaimed fan of ???get rich??? books, this book offers a no-frills example-packed ride for the beginner. Starting with the basics, everything you need to know about interpreting Level II is provided. If you have no idea what Level II is, that???s covered as well. Slugging it out in the trenches with scalping strategies is nothing that comes easy for the untrained eye. Labier brings some clarity to the madness with the one goal of making a profitable trader. Having the intricacies of the Level II screen ingrained in the mindset is a must for a Level II trader. This book is appropriately called a ???toolkit??? for the trader who uses all the information to his or her advantage. ???Buy low and sell high??? is a start, but to really be good at this game, you need everything you can get your hands on to gain an advantage. I found the strategies uncovered by Labier as to how market makers use deception to mislead a key feature in this book. It's not hard to see how a rookie trader gets eaten up by the big guys when maneuvering through Level II???s electronic battlefield. Labier will save you from a few wounds with an in-depth look into the tricks players use to outwit the competition. Of other interest is a thorough description of how orders are processed. The Nasdaq is a complicated structure of computer networking that needs to be understood when it comes to choosing a platform from which you wish to trade. Another issue is the up-and-coming Level III that Labier gives the low down on. I recommend this book for someone interested in getting into Level II. A trader needs the tools best-suited for their interest, and the information provided here will lay it all out for you. Put your strategy together and prepare to succeed.
Rating:
Summary: Absolute Must Read
Review: I bought the book recently. It has so much great information that I decided to see the author speak at the "Online Trading Expo" in NYC this past weekend. He really knows his stuff; the tutorial was the best and most informative of all tutorials I attended - and I am not alone in that opinion. All I can say is: if you are new to trading direct access, you may find this book to be the single best investment you make. True, there are some typos, and the author's style is a little irreverent - but that's GOOD news to me - so many of these books are either hype or dead boring. This is niether; it is funny and comprehensive. It covers every execution route available to today's trader. Much of the information is covered nowhere else - most BROKERS don't even know this stuff. My broker in particular. But he did have the good sense to reccomend this book to me, and for that I am very greatful. This book will benefit your trading immediately. It certainly did mine.
Rating:
Summary: Absolute Must Read
Review: I bought the book recently. It has so much great information that I decided to see the author speak at the "Online Trading Expo" in NYC this past weekend. He really knows his stuff; the tutorial was the best and most informative of all tutorials I attended - and I am not alone in that opinion. All I can say is: if you are new to trading direct access, you may find this book to be the single best investment you make. True, there are some typos, and the author's style is a little irreverent - but that's GOOD news to me - so many of these books are either hype or dead boring. This is niether; it is funny and comprehensive. It covers every execution route available to today's trader. Much of the information is covered nowhere else - most BROKERS don't even know this stuff. My broker in particular. But he did have the good sense to reccomend this book to me, and for that I am very greatful. This book will benefit your trading immediately. It certainly did mine.
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