What Works in Online Day Trading
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Book Overview
Here is a uniquely honest examination of the online day trading concept, the firms that cater to it, and what works online and what doesn't, so that would-be day traders can avoid the pitfalls-and the losses. Discussing trading as a business that most traders conduct without a plan, this book addresses common trading misconceptions, provides realistic answers to critical questions, and features an investigative analysis based on real people who are day trading and the firms they trade at or through-whether through virtual trading rooms, the Internet, or real-time operations.
Format:Hardcover
Language:English
ISBN:0471372889
ISBN13:9780471372882
Release Date:February 2001
Publisher:John Wiley & Sons
Length:304 Pages
Weight:0.95 lbs.
Dimensions:1.1" x 6.4" x 9.3"
Customer Reviews
5 ratings
Got some great ideas
Published by Thriftbooks.com User , 14 years ago
I think this book is a good book, although some chapters are weak. There are some inspirational ideas on day trading other books didn't mention. I would recommended this book to people who just started day trading!
Decent book
Published by Thriftbooks.com User , 22 years ago
This is not your ordinary trading book, but one that teaches some real "usable" techniques. The book is broken up into chapters written by different people, so the tone of voice will change frequently. The prize of this book is the Seleznov breakout method, which anyone can use to trade profitably for life. That alone is worth thousands of times the price of this book. I'd recommend this for any serious amateur/semi-pro level short term trader who may be lacking a consistent trading system.
Strategies you can use
Published by Thriftbooks.com User , 22 years ago
I have read many "trading" books, and find this one a pleasant suprise. Section Two includes a good source of trading strategies that work, each one written by people who actually trade. Strategies covered include 1) pure price action by Gary Smith, 2) breakouts by Mark Seleznov, 3) seasonals by Steve Moore, et.al., 4) patterns by Mark Etzkorn, 4) springs and upthrusts by Hank Pruden, 5) Bow Tie patterns by Dave Landry, and a few others.The strategies include a good summary of setups, entries, stops, and exits. These summaries are general enought that you can program them in most any backtest software you use, not just Tradestation or C++. I use them to backtest with TC2000 and TC Companion.The book also has very good information on risk mangement, the mechanics of trading and the mindset of different trading styles.The great thing about this book, is that it is a well integrated compilation of tools and techniques from a variety of well known and/or highly successful traders. The editor did a wonderful job of taking this diverse group and integrating the book into a very logical and usable flow.While it may be too much for the pure beginner, this book will be most appreciated by the intermediate to advanced trader.
Eclectic, but useful
Published by Thriftbooks.com User , 23 years ago
This is an eclectic book. It doesn't focus on a major theme and is a collection of different people's views plus the author's. I would not recommend this book for beginners who want to learn the basics because I don't feel the foundation is thorough. It is a good book for those who want to see how others trade, their diverse techniques, and their opinions on trading. Also of value are the risk management techniques.A more appropriate title would be: Different techniques by various traders and other trading tips.
Good Book - Like it
Published by Thriftbooks.com User , 23 years ago
This is a good book that tells it like it is. It made me stop and think before I risked my money in the stock market. It was written by a group of writers who seem to know their stuff. It talks about a subject which many day trading books do not! It is risk mgmt. If you wanted to learn about NASDAQ, this is a good book. If you wanted to learn about the NYSE, I would read another one. The thing though is the diveresity in topics covered in this book. I do recommend it to begginers and intermediate traders. Beware that after reading this book, you may end up postponing your plans to trade in a rush.
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