Order from a Major Online Bookstore
Ultimate Book Price Comparison Engine
Save Your Time And Money
| AnyBook4Less.com | Order from a Major Online Bookstore |
|
| Home | Store List | FAQ | Contact Us | | ||
| Ultimate Book Price Comparison Engine Save Your Time And Money |
||
 |
Title: The Electronic Day Trader: Successful Strategies for On-line Trading by Marc Friedfertig, George West ISBN: 0-07-136428-5 Publisher: McGraw-Hill Trade Pub. Date: 24 August, 2000 Format: Paperback Volumes: 1 List Price(USD): $16.95 |
Average Customer Rating: 3.45 (136 reviews)
Rating: 4
Summary: Very good detailed account of the mechanics of day trading
Comment: With over fifteen years of investing experience, I have (as many others have) become intrigued with the prospect of day trading. I have been collecting articles and information about it in hopes of a possible second career (my day job is as an administrative manager for a non-profit organization). I have read only about 1/3 of the book and found it a little onerous, but very informative - bottom line is that I was discouraged from seriously considering going into day trading. This is where the book is valuable - in terms of depicting the hard realities and eliminating the overglorification. It certainly hit home as to what the average neophyte is up against - it "ain't pretty." A conclusion of my extensive research into this field is that the survivors of this business lose a tremendous amount of money until they catch the hang of it. Even afterward, it is not an easy "row to hoe." Unless you have a very strong stomach and nerves of steel, keep your day job! A very good book though - it definitely helped me with much of the information I needed to make my decision. A must-read for anyone seriously considering day trading.
Rating: 3
Summary: For Beginners and a Primer for the Authors' Seminars
Comment: This book does give the beginning day trader a lot of information. It will give you details about how the NYSE and NASDAQ exchanges operate. It will tell you how the different ECN's operate. It will even give you a few day trading strategies.
However, it will NOT, as the back cover states, "put you shoulder-to-shoulder with other active traders." It simply does NOT give the reader enough specific information on how to become a full fledged day trader. While I was reading, I was under the impression the authors were withholding or omitting information. In some chapters, the text is so cryptic or filled with meaningless technobabble, it is difficult to understand how it is applied to actual trading.
I'm sure many who read this book will recall the '80s when "no money down" real estate seminars became all the rage. Throughout this book, the authors mention their web site and how you can learn more about day trading. Apparently, the authors are using this book as a primer for their $1700 week long seminar. All necessary information should be in the book and the seminar, which others offer for $200, should only be used for augmentation.
The book is rather short. Although it is 208 pages, only the first 165 are useful. The last 2 appendixes deal with CNN and stock index information which is either outdated or may be obtained elsewhere. In fact, a true day trader will not be watching CNN to be making trades. He will be using his Level 2 screen and realtime newsfeed.
The term "day trader" carries a special connotation which most beginning investors don't understand. Most day traders use only NASDAQ Level 2 screens. L2 shows the demand for a NASDAQ stock. The biggest objection I have with this book, and with most other day trading books, is that there aren't enough examples and instructions on how to use the L2 screens. Even the author's mention how their own program, "Watcher", only deals with NASDAQ stocks. Yet, there isn't a SINGLE colored L2 screen in the entire book. Furthermore, there are too few L2 examples and the authors do NOT show you how to use L2 "step by step." If a reader were to rely solely upon this book to learn day trading, he wouldn't be around for very long.
Rating: 1
Summary: What became of Broadway Trading, LLC??
Comment: They went bankrupt, which is where you would be if you followed West and Friedfertig's methods. The book was a copy of Jack Schwager's Market Wizards series, due to the interviews conducted with "traders". You would be amazed if you saw some of these people and didnt read their words in print. Somehow they would not come off so sharp. Trust me!
Also do you think our authors would be able to spot "managerial talent" over a few aspiring proprietory traders? No they hire guys who have previously filed bankruptcy in their past and pipe up their accomplishments, which are a joke when you realized they bailed on creditors!!
Save yourself a dime and avoid it-if someone gives it to you, and you can't return it, use to start the BBQ grill. I could go on and on about SEC/NASD violation, getting short on a downtick, etc but I wont!
 |
Title: How to Get Started in Electronic Day Trading: Everything You Need to Know to Play Wall Street's Hottest Game by David S. Nassar, David S. Nasser ISBN: 0071345663 Publisher: McGraw-Hill Trade Pub. Date: 30 November, 1998 List Price(USD): $24.95 |
 |
Title: Electronic Day Traders' Secrets: Learn From the Best of the Best DayTraders by Marc Friedfertig, George West, Jonathan R. Burton ISBN: 0071347674 Publisher: McGraw-Hill Trade Pub. Date: 31 March, 1999 List Price(USD): $29.95 |
 |
Title: A Beginner's Guide To Day Trading Online by Toni Turner ISBN: 1580622720 Publisher: Adams Media Corporation Pub. Date: 01 March, 2000 List Price(USD): $15.95 |
 |
Title: Day Trade Online by Christopher A. Farrell ISBN: 0471331201 Publisher: John Wiley & Sons Pub. Date: 31 March, 1999 List Price(USD): $29.95 |
 |
Title: Electronic Day Trading to Win by Bob Baird, Craig McBurney ISBN: 0471350729 Publisher: John Wiley & Sons Pub. Date: 23 July, 1999 List Price(USD): $39.95 |
Thank you for visiting www.AnyBook4Less.com and enjoy your savings!
Copyright� 2001-2021 Send your comments
