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The Undergroundtrader.com Guide to Electronic Trading

The Undergroundtrader.com Guide to Electronic Trading

List Price: $39.95
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Product Info Reviews

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Rating: 5 stars
Summary: One of the best available (if not the best)
Review: This book can make you RICH, if you follow it up and be 101% READY! That's all i can say. HAPPY TRADING.

Rating: 1 stars
Summary: NOT WORTH THE ADMISSION PRICE
Review: This book is little more than a hastily thrown together rehash of information commonly available on the internet for free. Hopefully the author is better at trading than writing... but I suspect if he was, then he would be trading instead of trying to jump on the "how to trade on line" bandwagon. Book is poorly organized in my view and provided little information a real trader could use.

Rating: 5 stars
Summary: A masterpiece
Review: This book is simply fantastic.

The value of its information is about as huge as Sun-Tze's "Art of War".

Thankful and honest respect for this one, Mr. Yu!

Rating: 5 stars
Summary: Great Book
Review: This is an all around GREAT book. Jea Yu goes in to great detail on his trading strategies that really work. I suggest this book to anyone who wants to learn to day trade or for people who want to sharpen their day trading skills. The only people who would say bad things about this book are "investors" who dislike day traders OR the authors of other books who are bitter and perhaps a little jealous over the success of Mr. Yu. I'm referring to the distasteful comments some people have left here.

Rating: 3 stars
Summary: Not too good: but appendix A is worth the money
Review: This is not a very good book on daytrading.

Best book I read regarding this subject is "Fiancial freedom trough electronic daytrading" by Van K Tharp and Brian June. They give you a step by step way to build your plan, including the three main elements of any trading plan: Psicology, risk control and posotion sizing.

Second best is Tony Oz's "Stock trading wizard".

Anyway, Appendix A of "The Undergroundtrader.com Guide to Electronic Trading" ,written by Russell Arthur Lockhart, Ph.D. and titled "A different style of trading", is excellent and gives you, as the title says, a different way to daytrade, without the stressing pressure of level 2 surveillance and the subjectiveness inherent of the decission making using this tool.

Lockhart method (3PB)is purely mechanical and focussed only in price action. No indicators such as stochactics or MACD are needed. It tells you, also, how to improve this method using fibonanci price targets and pivot points.

Based solely on this appendix ( 35 pages) i'm glad I bought this book.

FSC

Rating: 3 stars
Summary: Not too good: but appendix A is worth the money
Review: This is not a very good book on daytrading.

Best book I read regarding this subject is "Fiancial freedom trough electronic daytrading" by Van K Tharp and Brian June. They give you a step by step way to build your plan, including the three main elements of any trading plan: Psicology, risk control and posotion sizing.

Second best is Tony Oz's "Stock trading wizard".

Anyway, Appendix A of "The Undergroundtrader.com Guide to Electronic Trading" ,written by Russell Arthur Lockhart, Ph.D. and titled "A different style of trading", is excellent and gives you, as the title says, a different way to daytrade, without the stressing pressure of level 2 surveillance and the subjectiveness inherent of the decission making using this tool.

Lockhart method (3PB)is purely mechanical and focussed only in price action. No indicators such as stochactics or MACD are needed. It tells you, also, how to improve this method using fibonanci price targets and pivot points.

Based solely on this appendix ( 35 pages) i'm glad I bought this book.

FSC

Rating: 5 stars
Summary: The Best Day-Trading book
Review: This is the best book among twenty other day trading books that I read. Great chapter on Market Makers ( AX, different tactics by them). Other chapters are just as valuable to making money. I learned a lot from: "How to Trade Correctly", "Playing Momentum Stocks on the Fly" and "Watching the MM" chapters. In fact, no other book has portrayed the game played against the public as this one book by Jea Yu.

Rating: 4 stars
Summary: A good tool book to start.
Review: This is the first book I read and with the help of someone that has followed Jea and his methods, I began the very steep learning curve. One year later, I am still here. One point to realize is that the book becomes clearer after the third or fourth read, once is not enough.
If you are interested in starting out in this business and need to read the first book, this is the one. Basic settings of your charts, interpretations, and appendix A will give the reader a basis to begin the process of developing your own style of trading.
After this book, you will need several others to round out your library and those you can pick as you like.

Rating: 4 stars
Summary: A good tool book to start.
Review: This is the first book I read and with the help of someone that has followed Jea and his methods, I began the very steep learning curve. One year later, I am still here. One point to realize is that the book becomes clearer after the third or fourth read, once is not enough.
If you are interested in starting out in this business and need to read the first book, this is the one. Basic settings of your charts, interpretations, and appendix A will give the reader a basis to begin the process of developing your own style of trading.
After this book, you will need several others to round out your library and those you can pick as you like.

Rating: 5 stars
Summary: Out of the 15+ books on Daytrading I've read...
Review: This is without a doubt the best. There is NO other book that actually expains this business in real life terms with real life situations. This is not just an explanation of daytrading history and surface level explanations of what is going on in Level II, this actually presents how specific techniques are applied and how to remove the maximum amount of risk from your entry point.

Read one the history books first and then attempt to tackle this one but DO NOT trade live without reading this first. The order routing section (the ONLY one with actual usage suggestions for certain situations) alone will save you a 1/2 point when the panic selling/buying shows up.

Outstanding.


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