The Complete Idiot's Guide to Daytrading Like a Pro

Rating:
Summary: Read Book, Played A Stock Market Game, see results below...
Review: First of all, the title of this book is PRICELESS. If I was a complete idiot (and I'm not far from it), I would want to start day trading and as a matter of fact, I did just that.

About half the information in this book describes the workings of the stock market. The other half goes into some information abou the ins and outs of day trading. I'm sorry, if you're going to start to day trade, shouldn't you already know about how the NASDAQ and NYSE work? Why spend half the book talking about it?

Anyway, I read the book and entered one of those mock stock market games. They gave me $500,000 and a margin account so that I can trade up to $1,000,000. The game was not really geared toward day trading, there were different limitations and they couldn't offer Level II quotes (for a free game) so I had to "Swing Trade". I kept some positions overnight but I used the techniques mentioned in this book. So, the result (drum roll please): I started with a half million, I ended with $365,000 (a $135,000 loss). I came in 3,700th place (ouch!).

Ah well, To All Idiot's Out There: Don't try this at home! :-)

Rating:
Summary: Read Book, Played A Stock Market Game, see results below...
Review: First of all, the title of this book is PRICELESS. If I was a complete idiot (and I'm not far from it), I would want to start day trading and as a matter of fact, I did just that.

About half the information in this book describes the workings of the stock market. The other half goes into some information abou the ins and outs of day trading. I'm sorry, if you're going to start to day trade, shouldn't you already know about how the NASDAQ and NYSE work? Why spend half the book talking about it?

Anyway, I read the book and entered one of those mock stock market games. They gave me $500,000 and a margin account so that I can trade up to $1,000,000. The game was not really geared toward day trading, there were different limitations and they couldn't offer Level II quotes (for a free game) so I had to "Swing Trade". I kept some positions overnight but I used the techniques mentioned in this book. So, the result (drum roll please): I started with a half million, I ended with $365,000 (a $135,000 loss). I came in 3,700th place (ouch!).

Ah well, To All Idiot's Out There: Don't try this at home! :-)

Rating:
Summary: Fabulous Starter-Kit
Review: I think it's an excellent starter book for a novice day-trader. It defines a lot of relevent terms and gives the reader an overview of the trading world-Both about us and the professional, liscensed trader. If you study these chapters, you will defenitely SOUND like an intelligent and sensible day-trader.

The ONLY thing I don't agree with is the unimportance of the Level II screens, as the author purports. I think that level II screens are vital to know what the marketmakers real intentions are behind a stock. Does anyone concur?

(For those in the viewing audience who don't understand the last chapter, just pick-up this book!) I haven't finished reading the book, yet, but I think it's a terrific confirmation of what to expect as you begin to daytrade.

Rating:
Summary: FOR IDIOTS ONLY!
Review: Just as the title suggests, it is a book for idiots only. I have to admit, I was an idiot for buying this book! I ordered this book along with Street Smarts, Hit & Run Trading, Stock Trading Wizard, and Day Trading into the Millennium. I recommend any of the other books as a much, much better choice.

Why is it that amazon does not discount the GOOD books?

Rating:
Summary: 0 stars if allowed
Review: Sorry, but this book appears to have been written by a wanna be writer whose style---if you can call it that---is so blatantly irritating, condescending, and ridiculous that its facetiouseness distracts from any worth the book might otherwise provide which is minimal at best. Almost every paragraph contains a silly lead in to the next as if the writer is trying to hold your hand and help you 'get through' the material. Stuff like, 'ok, we're almost there now!' and 'I know you probably want to get right to the good stuff, but first, let's get a few of the harder points over with!....' Still with me? Both the writer and publisher should be pilloried for presuming the public is THAT dumb. You guessed it: don't buy this rubbish. And while we're at it, probably the only other book that's just as bad as this one for silliness is Toni Turner's.

Rating:
Summary: Complete Idot's Guide to Trading Like a Pro
Review: This book is about a great topic ~ Day Trading. The author(s) seem to be relatively knowledgable but fail miserably to "make it happen" in this book. Full of spelling mistakes, capitalization & sytax errors, and very bad cliches, it is hard to find a chapter with reasonable, intellectual flow. The graphics are poor and there is absolutely NO COLOR GRAPHS which are vital in reading Level II NASDAQ tools. In short, I have read it and would not recommend it to anyone with higher than a fifth grade education. In fact, it is the worse book on the topic I have yet to read.

Rating:
Summary: Great Book For Beginners
Review: This book is perfect for those of use who wan't to just get to know a little more about daytrading. Other books on the topic are much more advanced and assume that you already know a whole lot. This book is great for learning terms, concepts, and the basic ins and outs of the daytrading world. Beware of some typos and mistakes throughout. Otherwise, an excellent book.