Rating: 
Summary: Outstanding. Read it again and again.
Review: A novice should probably read that fluffy Toni Turner book to get an idea of the lingo, but no one should contemplate day trading without reading Lu. This book is a detailed description of the intricacies of no-nonsense, hardcore daytrading, written by a consistently successful practitioner. I have read dozens of books on trading and this is the only one that I read again within one week of finishing it for the first time. It's simply too good to store on a shelf. Read it, learn from it, read it again, profit from it. To use an old cliche, the small amount of money spent on this book will be the best investment you'll ever make. I'm not kidding. Read Toni Turner's sappy book if you must, if you're new to the game, but don't open an account until you read Jea Lu. His explanation of Level II screens, the use of stochastics and moving averages, and his advocacy of zero-emotion trading are all gems, which alone would be worth the price of the book. I'm currently re-reading it, cover to cover, for the third time.
Rating:
Summary: The undergroundtrader a must
Review: As the field of day trading grows larger the quality of the books keep improving. Usually, successful traders are reluctant to give out their methods. Especially where they have make a business of providing this advice. This book is an improvement on the orginal self published text of a few years ago. It provides and highlights indicators and methods all day traders should be know. It is extremly valuable for those with limited experience.
Rating: 
Summary: Add this to your arsenal
Review: Books on day trading are everywhere! Hmm...is this book for you you ask? This book should be read by all beginner to intermediate traders. Many people think that they can find ONE book out there and read it and make $$$. It's not like that in this profession. Would you be a lawyer after reading one book, much less without a degree? So this book is a tool, and a good one at that. No fluff here, just the experiences of someone who trades. If you wake up and sit in front of your monitor from 7:30am to 4pm watching Nasdaq Level II screens and daily/intraday charts...they this book will help you. He shows you HIS experiences in the market. Like I said in my headline....add this to your arsenal of solid daytrading books.
Rating:
Summary: Well Done!
Review: Excellent! Yu gets to the core of how to daytrade successfully. If you combine his knowledge with the traders interviewed in "The Best" written by Kevin Marder, you will have a large edge over most of Wall Street.
Rating:
Summary: The Master speaks!
Review: I can't rate this book highly enough! Jea Yu is a master trader who writes from a position of experience and not theory alone. Jea teaches us to become 'snipers' keeping our powder dry and waiting patiently until all indicators (fully explained) are in our favour. Only then do we 'pull the trigger' and enter a trade. I'd have gladly paid many times more to obtain the secrets in this book as Jea passes on so much information that one might only begin to learn alone through making many costly mistakes. Jea's clear explanations of everything from Level II screens, market makers, head fakes, order routing, charts, stochastics etc made sense for me out of all the jargon I'd been hearing elsewhere. I'm so pleased I found this book and through it, Jea's website at www.undergroundtrader.com. Thanks only to Jea I went from 'newbie' to profitable trader in around 2 weeks!
Rating:
Summary: Thr truth about the book
Review: I cannot understand for the life of me why you would post a review from someone like this guy "snipertrader". If you cannot spot someone with no intention of reviewing the content of the book but rather in attacking author, then you have a problem. I've read just about every book there is about daytrading and decided to become a member of the UNDERGROUNDTRADER.COM after reading it. Nobody guaranties anything in life, why would you ask Jay to guaranty to make you rich? If you can't tell me that O. Velez and Capra's mentioning of their website at least twice in every chapter is not self serving then what is it? This is not directed at them because they are not claiming that their book and service is the only way to go but to people saying that. (I belong and receive daily updates from their service(PRISTINE), but I don't expect them to make me rich)You can't and won't learn everything from every book but some are better than others, and pound for pound, Jay's book being the smallest is still the one with the most useful content for a "newbie" trader. He will take you in the right direction(a trader who's been trading and making money for a while has already developed other sources of info to tap into,those thing come with time and trial and error, not from a list from the back of book, there are pages and pages of websites and other sources you will be directed to(isn't that one way of filling pages?), but only you know what is right for you so you will develop "your own list" in time)open your eyes to the reality of daytrading(trading "intraday"), not buy and hold, ("buying for the long term")Now why would Jay's chat room only have 400 members as opposed to Pristine's 65,000?who knows, who cares, Do we go there to count heads or to make money? Why does Rolls Royce only make a few thousand car when Ford makes a few million? again, I became a member to make money not just to be associated with a bigger mob. I can only speak for myself but I am making money(not enough to buy a Rolls but I could be losing or lost everything like a lot of people) after 2 months in the UNDERGROUNDTRADER.COM chat room (full time) but my education didn't begin and end with Jay's book, his is only one of many that you need to read but IN MY OPINION it is the one with the most useful content and Jay doesn't insult our intelligence by repeating himself and fillind the book with useless information, he understands the reason why you bought the book, "to learn how to trade", therefore he gets to it and doesn't waste your time, like you will be if you read snipertrader's review.
Rating:
Summary: How to trade with MM and graphs : a useful guide to daytrade
Review: I consider that the infos that Mr Jea Yu gives us are very important in your own strategy and the way you must day-trade. Particulary the way to day-trade with regards to LEVEL 2 and how mMarket-Makers act is fully interesting and hard to find. For me in charge of a web-site .........for french daytraders, the reading had been to discover another dimension of the Nasdaq. Moreover it has been a fully additionnal to the book/best seller of Mr A.Farrell "Day trader's survival guide". Of course it is not a complete book for Technical Analysis but there are some analysis which can make the difference in your trades of course only 1 out of all the parameters you need to daytrade. email :trader@daytraderbusiness.com
Rating:
Summary: My Learning Curve Became Less Expensive
Review: I join the other reviewer in singing praises to this book. The author gives important information and techniques; thinks like how to watch the AX, how to figure out if he's head-faking, order routing, the best price in order to get an immediate fill. He also gives us his thoughts for 2 trading days. Unlike the Velez / Capra book, this book isn't a sales brochure. I think undergroundtrader.com was only mentioned twice, one in the author's bio, and the other time in the title. I'm sure the money I'll save from the knowledge I gained from this book will be worth at least 100 times the price.
Rating: 
Summary: Beware!
Review: I suppose this is a good book for would-be day-traders if and only if we knew that the market were about to enter another period like that of 1995-1999. I have the disadvantage of having been at this business since 1983. The information presented about time-of-day is not universal across all market phases, other than it is true the first and last hour see the most volume and often the most volatility. The concept that the highest volatility is the best time to trade is based in ignorance. The greatest volatility we have seen in the history of the US equity markets was 1987. Unless you were short (or flat) by the end of the day on Oct 16th, you were broke, dead broke, and you should have been short a couple of days before that. That just wasn't going to happen using these techniques. The author's view of technical analysis is very narrow. What is pathetic is that he seems to believe he has great technical depth. It is also very dangerous for the reader. Yes, I see all the other rave reviews. It will be interesting to see how well all like the techniques after a secular bear market, which will happen again. I'll be surprised if any of the raves are still trading, and, if the author continues to trade as described (which I suspect he is not even at this writing), I expect he will be broke. These methods are not new, and have not withstood the test of time.
Rating:
Summary: The Best Scalp Day Trading Book
Review: I was a little suspicious when I ordered this book. I thought the other reviews were written by friends of the author given only 5 reviews at the time I ordered the book, and they were all five stars. What hell, it is only a round trip commission . . . Wow, I was wrong. In my opinion, this is the best book on scalp trading I have ever read. Those who are not scalping for 1/4's and 1/2's may not find it to be the best thing since sliced bread, yet the principles here can be easily applied to all aspects of trading. Most importantly, the book is filled with professionalism, you know it was written by a professional trader as soon as you open it. Hell, it almost feels like it was written by my mentor's day trading alter ego! It kicks off with a line straight out of art of war, it emphasizes on the fact that trading is a zero sum game, survival of the fittest, it also made very clear statements that 90% of the traders lose money, back cover AND very first pages of the book! It tells you everything from the equipment/broker you need (straight out of Golfbiz's living room) to the recommendation of a trading journal! The book has a truly enlightening chapter on Market Makers, covering who they are, what they do, and their bag of nasty tricks. (After ( ) and this book, I feel most people on this board has no clue what a market maker CAN and CAN NOT do, I highly recommend this book because it provides some amazing insights not found in any other book I read. It only covers 3 minute moving averages (curiously 5/15 SMA, reminds me of VicLee) and 1 minute stochastics, and most importantly, how those two indicators can be combined with Level II screens. You learn everything from watching index futures and how they really work to institution buying programs and how they affect a day trader. I was afraid that this book may be a loud advertisement for ( ), yet I was pleased that throughout the entire book, the site was NEVER mentioned as blatant advertisement. In fact, 90% of the book has NOTHING to do with the site at all. In the end, there is a two day minute-by-minute journal of a profitable day trader, covering everything from pre-market to closing bell, his winning and losing trades, and only in this chapter you will see the mentioning of the site, even then, you can see that the day trader only uses the site to bring up interesting stocks to watch on his radar, and he uses his OWN instincts to decide entry and exit points. Finally, this book is UP TO DATE, you will recognize every single stock mentioned in this book, one of the examples mentioned the addition of YHOO to S&P 500, and how it gapped up in afterhours, faced severe selling pressure in the morning, and how MSCO (Morgan Stanley) the market maker simply single handedly took on the world and HELD the BID at 300, eventually the stock closed at 350 . . . Complaints: The book is VERY hardcore, the author left out all the fluffs and gave you nothing but hardcore material. That said, it is very readable and very concise, the perfect type of learning curve/speed for me, may be a bit fast for others. Also, it is rather narrow in scope. This is not reading 700 charts a night, this is focus on a small basket of stocks. The author recommends identifying the AX (leading market maker) and watch them closely for hours or even days before jumping into the stock (for new day traders, veterans can speed things up). Bottomline, this is not my mentor's "commander of an army" trading style, this is more like "camp out in the bushes with a sniper rifle" approach. Finally, I find the book to be a bit short, 200 pages, too easy to read for me, finished it on a rainy Saturday dreaming about the princess, yet, it is quality over quantity here, very little repetition, very little fluff, just pure day trading goodness. A MUST READ FOR EVERY DAY TRADER! I MEAN IT!
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