Rating: 
Summary: Underperformer
Review: I'd like to reccommend the following book to anyone who is using a level ll entry system. The book assumes you have a trading plan (quite an assumption, huh?) and focuses on what order routing options are most appropriate in given market conditions. Anyone who's ever pounded on his or her desk yelling "fill, damnit, fill!" will benefit from this book. Quite simply the best guide to level ll interpretation and order routing I've ever seen. It provides some terrific details on ALL of the ECN's, SelectNet, InstiNet, (etc) and the micro-mechanics of dealing with them. Far from the simple "routing grids" provided by DAB's, this book shows which routes work BEST, and when. It is filled with many excellent insights about the workings of the quotes montage (which is no longer a mystery to me).
Rating: 
Summary: Fill, damnit, fill!!
Review: I'd like to reccommend the following book to anyone who is using a level ll entry system. The book assumes you have a trading plan (quite an assumption, huh?) and focuses on what order routing options are most appropriate in given market conditions. Anyone who's ever pounded on his or her desk yelling "fill, damnit, fill!" will benefit from this book. Quite simply the best guide to level ll interpretation and order routing I've ever seen. It provides some terrific details on ALL of the ECN's, SelectNet, InstiNet, (etc) and the micro-mechanics of dealing with them. Far from the simple "routing grids" provided by DAB's, this book shows which routes work BEST, and when. It is filled with many excellent insights about the workings of the quotes montage (which is no longer a mystery to me).
Rating: 
Summary: Some good stuff here...Really!!
Review: If you are trading Nasdaq stocks then buy this book. It is worth both the money and the time to read it. I learned many new things. Some of the material is a little outdated, but it is still an excellent read. The author doesn't promote a pay service or a brokerage firm which is really nice to see.
Rating:
Summary: A must for traders
Review: If you are trading Nasdaq stocks then buy this book. It is worth both the money and the time to read it. I learned many new things. Some of the material is a little outdated, but it is still an excellent read. The author doesn't promote a pay service or a brokerage firm which is really nice to see.
Rating:
Summary: SuperSOES, SuperMontage, Decimals...oh, my!
Review: Is there anyone else out there with a GOOD explanation of what is going on with all the changes in NASDAQ? The author (who is obviously a real trader--a former market maker, in fact-- with TONS of experience executing trades) is way ahead of the game with a full accounting of all the changes and proposed changes coming down the pike. Don't trade without reading this book!
Rating:
Summary: A most valuable addition to your trading library.
Review: It is very rare I encounter such a to the point and useful tool for the active trader. Written in a highly understandable manner Mr. LaBier offers personal experiences from his time as Head Trader and Market Maker together with structured explanations of the various execution systems in use today. Stock Picking in all due respect but this manual gives you the foundation that is a must if you want to stand any chance in todays volatile and fast moving Nasdaq marketplace. I can also recommend the author's articles in streetsideinvestor.com and Active Trader Magazine.
Rating:
Summary: Everything in One Place
Review: Just got my copy. I'm excited - there is so much info here; all the questions I have about level ll interpretation and order execution seem to be answered here. And concisely, I might add. There is so much info out there on the www, most is confusing. I'd like to congratulate the author - good job. I've been looking for this book for 2 years! Finally all the info I've read about execution and level ll makes sense. This guy knows his stuff - and he can EXPLAIN it! Beats reading the documentation at the SEC and Nasdaq; thats for sure. This may sound like spam, but I can't say how glad I am to finally have all this info at my fingertips. All the reviews on the cover strike me as accurate, having read the book.
Rating:
Summary: Log Rolling in Our Times
Review: Look at the reviews on the book's jacket... "instant classic", "must read", etc. It looks like the trading seminar circuit got together to laud a book for what is essentially freely available information. As is typical with the Wiley books lately, it's got typos, and the material is fluffed up when it could probably fit on 50 pages of a regular textbook. Even the SuperSOES information is publicly available at the Nasdaq Trader Web site. This book is so typical of the spate of throwaway trading books that have been written the past several years.
Rating:
Summary: "Only book dedicated to Order Execution"...
Review: That's what the site (www.nasdaqtraderstoolkit.com) says about the book. I was skeptical, but I bought the book anyway for two reasons. I am fairly new to direct access trading, and I saw the author at an Expo last year. I was very impressed by his information packed seminar - usually these things are filled with sales pitches, hype and hyperbole - but his seminar was conspicuously lacking fluff. It was full of real, solid information. In fact, too much information for such a short venue, so I decided to buy his book. I should first of all explain that I spent years trading in the pits, but for the past decade or so, I have been trading stocks, most recently with a discount online broker. It took me a long time to make the move to direct access, and at this point, I would never go back. I want to tell any beginning traders out there that if you are considering making the move to direct access trading, you MUST read this book. This is just my personal opinion, but the book has made such a considerable difference to my trading profits that it would be unfair not to share my praise. The author has done a fantastic job of explaining Level ll and the order execution routes in every day language. Unlike the typical books which give cursory treatment to the realities of direct access trading, this book covers all the actual mechanics of it - from how to interpret level ll, to which routes work best *when*, to the special margin situation which applies to "pattern day traders." I am so glad that I bought the book. Because, when I made the move to direct access, I was really lost! And that was my worst fear. I worried that when I started trading direct that I wouldn't be able to execute well, and would be confused by level ll (information overload). My worst fears were realized quickly when I started trading direct. This book stopped the madness. I highly recommend it to anyone who trades direct, or is considering trading direct. I am convinced this book will become an industry standard. There simply are no other books that even come close to explaining the nuts-and-bolts of utilizing the direct access tools. The writing is even humorous and comprehensive at the same time, so it is not the deadly boring tome that I was expecting. It is an enjoyable read jam-packed with tools you can use right away. Somebody once told me "the best trading plan in the world is useless if you can't execute it." This book will show you the Hows like no other. This review is my way of saying thank you to the author, who has done a truly amazing job. This book has paid for itself so many times that it would be hard to explain. This book may well become your best friend - especially if you already know how to trade, but are new to the tools of direct access trading. (Rogan, if you read this you'll remember me from my "secant plan" story - keep up the good work!)
Rating:
Summary: you need this book
Review: There are already many good reviews written about this book.
So I just want to add,
you need this book if you want to become a day trader.
It tells you about the essentials about order entries, order routings and Nasdaq Level 2.
Also the new Nasdaq Super Montage which will be implemeneted in 2002 (thus making Level 2 and its entry strategies obsolete) is covered and explained in this book.
All the online brokers are advertising with their quick executions. But any market order at any online broker is quick.
You're not really that quick as long as you don't know how to tell an ECN or a Market Maker and as long as you don't know where to route your order via direct access trading (which isn't that expensive anymore).
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