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The Compleat Guide to Day Trading Stocks |
List Price: $39.95
Your Price: $31.96 |
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Product Info |
Reviews |
Rating: Summary: It covers it all Review: A great book! Easy to understand, fast paced introduction to trading. I have read some other books that seem to repeat the same thing over and over through half the book, before getting to the nuts and bolts. But this one is constantly smooth to read from start to finish. I couldn't put it down till I was done.
Rating: Summary: It covers it all Review: A great book! Easy to understand, fast paced introduction to trading. I have read some other books that seem to repeat the same thing over and over through half the book, before getting to the nuts and bolts. But this one is constantly smooth to read from start to finish. I couldn't put it down till I was done.
Rating: Summary: Fuzzy Math Review: Although there is much informative basic material in this book, I cannot stand the fuzzy math this author uses. The percentage gains he reports in some of his examples are blatantly deceptive. An example is Fig. 5-10, where he shows the possible gains achievable using the "gap" method. He quotes a profit potential of $21062, which I dont dispute. However, there is no mention of the actual money necessary to make the trades shown, which is probably somewhere around $30,000 (minimum). This would yield a profit of around 67%. The figure, however, quotes a profit return of almost 700%!! Whether or not these figures are his, or if he borrowed them from another source does not matter. He should know better! This sort of misleading "fluff" does nothing but confuse the amatuer and leads to the expectation of gains much better than realistically possible with a small account balance. Throughout the book, math like this is used to over exagerate possible gains from day trading.
Rating: Summary: Fuzzy Math Review: Although there is much informative basic material in this book, I cannot stand the fuzzy math this author uses. The percentage gains he reports in some of his examples are blatantly deceptive. An example is Fig. 5-10, where he shows the possible gains achievable using the "gap" method. He quotes a profit potential of $21062, which I dont dispute. However, there is no mention of the actual money necessary to make the trades shown, which is probably somewhere around $30,000 (minimum). This would yield a profit of around 67%. The figure, however, quotes a profit return of almost 700%!! Whether or not these figures are his, or if he borrowed them from another source does not matter. He should know better! This sort of misleading "fluff" does nothing but confuse the amatuer and leads to the expectation of gains much better than realistically possible with a small account balance. Throughout the book, math like this is used to over exagerate possible gains from day trading.
Rating: Summary: Save your Money Review: Here is another example of a good Commodities writer attempting to write about Day Trading Stocks. No only does he fail in this attempt but he has the nerve to criticize other writers. It is clear from the time periods of the charts (ten minuets) and the lack of discussion of NASDAQ level 2 that Jake is way out of his field. When will the pure commodity writers learn not to try and cash in on the interest in stocks? Fools rush in. Save your money.I returned the book.
Rating: Summary: So simple, so good... Review: Jake has writed no news about trading world, but all that the traders need is into this book. Sometimes we read a bit of trading system, a bit of psicological approach, etc. Jake said that the book is dedicated to day traders and aspiring day traders the world over. Doing day trading is arduous: the challenge immense. The promise of victory and lure of wealth inspire you daily to confront the odds of success. Jake give us this book in the hope that his efforts, research, suggestions, systems, and methods will help us achieve our goals. Great buy!
Rating: Summary: Compleat Guide to Day Trading Stocks Review: The Compleat Guide to Day Trading Stocks is just that: one of the most complete and very best books ever written on the subject of day trading. Its highly regarded author, Jake Bernstein takes the reader from the very basics such as realistic risk/reward considerations, the essential mechanics of trend-following systems, fundamental vs. technical analysis, timing indicators, stochastics and charts, all the way to clear and precise systems and methods as well as the Psychology of Day Trading. He goes out of his way to make sure that the reader is absolutely aware of all aspects of day trading before making a commitment - including the long and painful learning curve that is inevitable - and clearly states who should not undertake day trading. Having said that, if the reader understands this, and is still firmly committed to making day trading a success, Mr. Bernstein gives his utmost support by going deeply into the nuts and bolts of the art by providing a solid foundation with proven strategies that can be thoroughly back-tested. This is really the most beneficial part of the book for the experienced investor, and is that which sets it apart from the many more general works on the subject. The reader is encouraged to learn and test these methods and systems and to incorporate the ones that are best suited to his/her own investment style. Pitfalls are clearly stated and the writing is extremely fluid and easy to understand. Best of all, the reader subconsciously develops the proper attitude that is so essential to succeed - that day trading should be treated as a serious business which can and will only be successful if done with the proper frame of mind, diligence, hard work, and risk management as well as a dedication to discipline. I highly recommend it!
Rating: Summary: Compleat Guide to Day Trading Stocks Review: The Compleat Guide to Day Trading Stocks is just that: one of the most complete and very best books ever written on the subject of day trading. Its highly regarded author, Jake Bernstein takes the reader from the very basics such as realistic risk/reward considerations, the essential mechanics of trend-following systems, fundamental vs. technical analysis, timing indicators, stochastics and charts, all the way to clear and precise systems and methods as well as the Psychology of Day Trading. He goes out of his way to make sure that the reader is absolutely aware of all aspects of day trading before making a commitment - including the long and painful learning curve that is inevitable - and clearly states who should not undertake day trading. Having said that, if the reader understands this, and is still firmly committed to making day trading a success, Mr. Bernstein gives his utmost support by going deeply into the nuts and bolts of the art by providing a solid foundation with proven strategies that can be thoroughly back-tested. This is really the most beneficial part of the book for the experienced investor, and is that which sets it apart from the many more general works on the subject. The reader is encouraged to learn and test these methods and systems and to incorporate the ones that are best suited to his/her own investment style. Pitfalls are clearly stated and the writing is extremely fluid and easy to understand. Best of all, the reader subconsciously develops the proper attitude that is so essential to succeed - that day trading should be treated as a serious business which can and will only be successful if done with the proper frame of mind, diligence, hard work, and risk management as well as a dedication to discipline. I highly recommend it!
Rating: Summary: Looking for Daytrading help? Don't pass up this one! Review: This book has a very good trading information regarding Gaps Strategies and Stochastics. I have been looking for a while a book which explains how to trade the gaps, finally found one. The explanation is very strightforward and complete. In addition he gives some own created stochastics strategies (i.e.) stochastics pop which are very reasonable.
Rating: Summary: Jake Bernstein Trading Stocks Book Review: This book has a very good trading information regarding Gaps Strategies and Stochastics. I have been looking for a while a book which explains how to trade the gaps, finally found one. The explanation is very strightforward and complete. In addition he gives some own created stochastics strategies (i.e.) stochastics pop which are very reasonable.
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