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The Day Trader's Survival Guide: How to Be Consistently Profitable in Short-Term Markets

The Day Trader's Survival Guide: How to Be Consistently Profitable in Short-Term Markets

List Price: $29.00
Your Price: $19.14
Product Info Reviews

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Rating: 5 stars
Summary: A text book on day trading
Review: After reading over 40 books on day trading, I must say that Chris's book "The Day Traders Survival Guide" should be required study at ALL day trading schools and universitys. He has written the best take for anyone thinking of venturing into the perillous waters of Nasdaq momentum trading. His explanation of Level II is clear and most logical, on a level for beginners and advanced traders alike. He has some slick moves for the NYSE also. Looking back now, I realized I could have save a lot of money on books by just buying this book and Chris's first book "Day Trade Online". And of course, Reminiscences of a Stock Operator, These books will make an advanced trader out of anyone. Thanks Chris for being honest and telling the truth.

Rating: 3 stars
Summary: Not bad but dated
Review: All the information in the text is must know material.

The book is a bit dated having been written when fractionl trading was still in plce.

Worth buying if the price is cheap.

Rating: 5 stars
Summary: Interesting Read, Even If You're Not A Daytrader
Review: Although I myself do not sanction daytrading, I still found the information in this book to be practical, comprehensive and valuable. In fact, any investor or trader could use it, regardless of investment strategy. I was very impressed by the depth of the author's research, which is presented in a clear and concise manner. The author describes the "nuts and bolts" of stock trading, market making and how to make the whole process work to your advantage. Signs of possible stock manipulation are also well worth reading.

Whether or not daytrading is part of your investment repertoire, this is an excellent investment tool. It educates beginners and experienced investors alike and dispels many investing myths.

Rating: 5 stars
Summary: on the money
Review: As a full time day trader for about 2 years, I found this book to be on the money in its portrayal of the dangers inherent in both daytrading and online investing - alot of what is said in this book are things that Wall Street doesn't want "the little guy" to know about - people new to the game do not understand how the system works, and this book is a must read for anyone even thinking of jumping in - very good discussion on the differences between the the NYSE's specialist system and the NASDAQ's market maker system -

Rating: 5 stars
Summary: surprised and blown away
Review: as a somewhat active online trader, i was both surprised and blown away by alot of what I read in this book - particularly about the kind of nonsense that is allowed to go on in the NASDAQ -

As someone who has bought about 14 day trading books in the past year,I guess I'm as good a critic as anyone - this book is so far ahead of the other daytrading books in both quality, illustrations, and content that it stands alone -

I am a firm believer that if you can walk away with 1 or 2 lasting ideas from any book than you are ahead of the game - Farrell book has about 15 such ideas - not to mention I think that the 3 sections on how the market makers, NYSE specialists, and day traders manipulate stock prices is the most informative chapters in any of the daytrading books out there -

Rating: 4 stars
Summary: The first thing a daytrader should buy and hold.
Review: Chris Farrell writes an intriguing book as a good window into the world of daytraders. For the expert daytrader this book may seem like it was written for children. In fact some of the language and a little of the attitude seems quite simple. That is because it makes daytrading seems simple. It is a great way to break (or even just peek) into the exciting world of daytrading stocks. Before reading this book, I considered myself a part time daytrader, trying to catch stocks on their way up, selling a few days later and buying the next one that was set to have a rebound day or week. With the current bear market this has failed miserably. After reading Farrells book I know why, and knowing is half the battle. From the beginning he gives you a few basic rules that any experienced daytrader knows, but explains them so you can use them when appropriate. From such postulates as the best time of day to trade, explaining why holding something for five minutes is long term, to why and how to trade along with big money, not against it, Farrell helps you see why some counterintuitve actions may help you become rich with out risking too much in the market. THere are also deep, yet comprehensible explanations of how markets move, the differences between NASDAQ and the NYSE, how to maximize your own profits by minimizing the profits a broker makes on you and how to identify market manipulations. According to Farrell seven out of ten daytraders lose their shirts, and the factors causing that to happen are simple. For anyone who is interested in becoming a succesful daytrader, whether thay have already been unsuccesful, or have not been bold enough to try, or is just interesting in understanding the market from the inside, this is a great, easy to understand book.

Rating: 5 stars
Summary: insiders look at what makes day trading so difficult
Review: I bought this book after reading the recent positive review in Online Investor Magazine (Feb issue) - this book is not some loose, "how to" book on day trading - instead, the author spends his time slicing and dicing many of "the shady ways" in which both the NASDAQ market makers, and NYSE specialists operate -

is by far the most in-depth day trading book of the 10 I have bought because it talks about issues that, literally, none of the other day trading books I have ever read even mention - this books wastes no time on the "getting started 101" nonsense that so many other day trading books talk about (how to get started, what broker to choose) - also, this guy actually worked as a bond trader on Wall Street before he got started - so I think his perspective on "the shady side" of how Wall Street works is a bit more accurate than the others - Here is why I liked the book: Farrell attacks things like: why the NASDAQ can be so tricky, how the NYSE specialist can made a stock collapse by cancelling bids, how big firms like Goldman Sachs can hold a stock down with the appearance of 100 share sell orders, how hidden orders affect the supply and demand in a stock - this is all stuff that I had absolutely no idea even went on -

Rating: 5 stars
Summary: insiders look at what makes day trading so difficult
Review: I bought this book after reading the recent positive review in Online Investor Magazine (Feb issue) - this book is not some loose, "how to" book on day trading - instead, the author spends his time slicing and dicing many of "the shady ways" in which both the NASDAQ market makers, and NYSE specialists operate -

is by far the most in-depth day trading book of the 10 I have bought because it talks about issues that, literally, none of the other day trading books I have ever read even mention - this books wastes no time on the "getting started 101" nonsense that so many other day trading books talk about (how to get started, what broker to choose) - also, this guy actually worked as a bond trader on Wall Street before he got started - so I think his perspective on "the shady side" of how Wall Street works is a bit more accurate than the others - Here is why I liked the book: Farrell attacks things like: why the NASDAQ can be so tricky, how the NYSE specialist can made a stock collapse by cancelling bids, how big firms like Goldman Sachs can hold a stock down with the appearance of 100 share sell orders, how hidden orders affect the supply and demand in a stock - this is all stuff that I had absolutely no idea even went on -

Rating: 4 stars
Summary: Great Book and Author
Review: I read Chris' last book and was throughly satisfied with the insight and information on day trading he provided us with day trade online. This latest book is like an expose on the day trading industry except better because you can actually use this information to make ready money! I recommend this to anyone who wants to expand their trading knowledge exponentially within a few hours. I did. And if you are looking for other trading books with exponential returns in a relatively short amount of time, check out The Best by Kevin Marder. It contains great deal of information that helped me become a smarter trader.

Rating: 3 stars
Summary: A Good Addition To Your Library
Review: I read Farrell's first book, which was downright awful, so I was a bit skeptical when I bought his latest work. This one is much better than the first. However, it might be better titled, 'NYSE Day Trader's Survival Guide' Farrell specializes in NYSE stocks.

Despite what the author might have you believe, it is difficult to trade NYSE stocks. The specialists simply are thinking one step ahead of you. As an actual trader, I often found it impossible to scalp 1/16 as Farrell mentions in his books. You are going to lose money if you try this strategy. Also, trading large quantities of low-priced stocks is an almost sure way to blow out your account sooner or later. The author doesn't warn the reader.

Be aware that the NYSE is soon going to replace specialist trades of 1,000 shares or less with a system closer to that of trading NASDAQ stocks. The activation date is getting close, as this topic was in the news just a few days ago. You won't find this covered in the book.

'The Day Trader's Survival Guide' is a well polished effort. If you decide to buy it, then by all means Be sure to read Farrell's first book, 'Day Trade Online' so that you get a better depth of what Farrell and trading NYSE stocks are actually about.


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