Rating: Summary: Looking for Daytrading help? Don't pass up this one! Review: This book is very well written. It kept me interested from cover to cover. I discovered that the pratical usages of Jake's suggested signals, indicators and chart patterns work wonders! The rules of the game are explained clearly. The odds seem more in my favour much more than ever now. I have read other daytrading books, but this book has restored the speculative drive in me with new fervour....and positive results! No, it's not a get-rich-quick book, but it is down-to-earth, accurate & beneficial. Highly Recommended!
Rating: Summary: ANSWERS, ANSWERS AND MORE ANSWERS Review: THIS IS A GREAT BOOK TO GET ANSWERS TO QUESTIONS ABOUT SHORT-TERM AND DAY TRADING. THIS BOOK TELLS YOU WHAT YOU NEED TO KNOW AND IT EXPLAINS HOW TO GET WHERE YOU WANT TO GO. THE AUTHOR DOES NOT TELL YOU ONE METHOD OF TRADING. HE LAYS THEM ALL OUT FOR YOU TO DECIDE WHICH METHOD BEST SUITS YOU; WHICH IS THE KEY TO SUCCESS IN ANY ENDEAVOR. MR BERSTEIN IS A VETERAN AND HE TELLS YOU WHAT HE THINKS. TO ME THAT MEANS A LOT. THE WEALTH OF INFORMATION IS ASTOUNDING. A MUST READ.
Rating: Summary: For those willing to work at day trading. Review: This is an excellent book. I would recommend this book to anyone who is willing to work at day trading. This isn't a book that promises riches in a few easy steps. At the start of the book, the author writes: "If you seek success as a day trader, you'll have to make your money the good old-fashioned way: you'll have to do some work." In addition to doing a good job of providing an overview of several technical indicators (including lists of the PROS and CONS of each one), the author devotes several chapters to detailed explanations of various approaches. He also provides information on (the indispensable idea of) system development, practical considerations of day trading, and the psychology of day trading. Again, to anyone who is serious about day trading, I would HIGHLY recommend this book.
Rating: Summary: Clear as a Bell Review: This is an excellent work. As one who is considering a career change to day trading and has read many books on the subject, I can attest to the fact that this book, unlike most of the others, is a cogent, scientific study of short-term trading. Mr. Bernstein illustrates precise trading systems, with entry, exit and stop-loss indicators, and sets forth the results of his backtesting, all in a clear and very readable style. I highly recommend it.
Rating: Summary: Disappointed! Too simple, sometimes naive Review: This is the second Jake book I had read up till now. The first one is "Investment Quotient" which I gave my highest rating. That does not lead to my negative comment on this one because of over expectation. It's just that the content and quality of this so named guide just cannot be described as compleat. In one single book of only 200 pages, Jake tried to discuss many important elements of day trading, including history, mechanism, player characteristics, market structure and even sophisticated technical tools like Stochastics, MACD, Momentum, various forms of Moving Average and even AI. The problem is: he tried to cover so many things that the whole book becomes very shallow and far from what is needed for this highly risky game. I dont understand why many reviewers gave this book such high ratings. I am afraid that many amateurs had already been lured to enter the game under the false illusion that they became better, if not well equipped, after reading this book, and had already fallen prey to the market crocs.
Rating: Summary: Disappointed! Too simple, sometimes naive Review: This is the second Jake book I had read up till now. The first one is "Investment Quotient" which I gave my highest rating. That does not lead to my negative comment on this one because of over expectation. It's just that the content and quality of this so named guide just cannot be described as compleat. In one single book of only 200 pages, Jake tried to discuss many important elements of day trading, including history, mechanism, player characteristics, market structure and even sophisticated technical tools like Stochastics, MACD, Momentum, various forms of Moving Average and even AI. The problem is: he tried to cover so many things that the whole book becomes very shallow and far from what is needed for this highly risky game. I dont understand why many reviewers gave this book such high ratings. I am afraid that many amateurs had already been lured to enter the game under the false illusion that they became better, if not well equipped, after reading this book, and had already fallen prey to the market crocs.
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