5 comments about The Compleat Day Trader II (Compleat Day Trader).

1. Having read many books on Day Trading and attended courses and seminars, this book added "confidence". It gives you simple systems to work with, 30MBO, InsideDays, Gaps, etc.. It also tells you what the indicators lack and what most traders lack to succeed, discipline. Use the 30MBO but don't change the method. Stick to it. Be disciplined. Aimed at the futures and commodities traders, these methods also work with fast high volume, high votility stocks. I emailed Jake with a question on the 30MBO and got a reply in hours, that's value. I have ordered his next book, "The Complete Guide to Day Trading Stock". Can't wait. I cannot see how anyone (who is not a beginner) would not benefit from this book.



2. Reading this book is purely a watse of your time. Buying it is absolutely waste of your money.

   The only thing you can learn from it is that the author probably makes more money by selling hot topic books than from trading.




3. Mr. Bernstein writes a book almost every month. He certainly is a prolific writer--my question is when does he have time to trade??



4. I feel that Day Tader II is really a rip-off as it basically just reguritates most of the material found in volume one. THIS is typical Bernstein -- the goal is dollars from book sales, not educating the reader. Mr. Bernstein does not respect his readers, and this is the sad part because he obviously is a highly intelligent man who probably could contribute a lot to the field of daytrading education if he weren't so needy and greedy. I wouldn't go so far as to call him "Jake the Snake", but I do think he should put more care into the content of his books.



5. Save your money. Never, never waste your funds on the drivel this author produces!!
   
   A profitable trader would never have time enough to write even one tenth the quantity of words this person produces.
   
   Find traders that actually make money to learn from. There are a few that have written good books.
   
   As starting points:
   For equities traders try: Professional Stock Trading
   For futures traders try: Trading Day by Day
   
   These are simply starting points, but are written by REAL traders, not worthless-book producers.

5 comments about The Complete Idiot's Guide to Daytrading Like a Pro, 2nd Edition.

1. 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.



2. If your stock market experience is limited, this book will serve as a good introduction. The material is basic and presented in an easily understood format.



3. This particular book is fine as a general reference on the stock market, but frankly beginners will need more concrete and to the point strategies to make it as online stock traders.
   
   The reality is that the stock market doesn't care if you are a beginner. It will gladly take your money away if you don't know what your doing. So the bottom line is, you better be PREPARED before you even think about making your first trade.
   
   Stock trading is a very competitive field and in order to succeed you need to FOCUS on a set of simple strategies that you can implement without hesitation.
   
   This game is all about buying and selling according to your set ups. So the clearer your set ups are, the easier for you can be to make a profitable decision.
   
   Hopefully some sites on the web do offer more relevant and updated stock trading information. One of those sites is Sharp Trades ( SharpTrades com )
   
   They focus mainly on short term momentum stock trading strategies, that in my opinion are easier to implement than many other technical systems outhere.
   
   Stock trading doesn't have to be complicated as many people perceive. But you do need to follow a well organized set of rules and tactics, that once you master them, you can aspire to replicate profitable trades with consistency.



4. New edition just out. More sensible approach, and updated. Definitely worth the money, especially for new traders.



5. Recently I decided to try short-term trading. Soon I realise that I need to learn more. What is going on behind bid/ask postings, how to read and interpret Level II quotes, what is Naqdaq TotalView, what advance platforms are available today, etc? So I went to local bookstore and browsed through the section. Didn't find anything satisfactory so bought this book as a temporary solution. After an hour of reading I decided to write my first book review on Amazon.com. This is simply the best book I could hope to find on the subject: precise, structured, brief yet informative, state-of-the-art information. Excellent book overall. I highly recommend this book for beginners and may be even more experienced traders that didn't keep up with the latest advances. My only complain is that the indexing is not detail enough.

5 comments about The Compleat Guide to Day Trading Stocks.

1. The Compleat Guide to Day Trading Stocks is just that: one of the most complete and very best books ever written on the subject of day trading. Its highly regarded author, Jake Bernstein takes the reader from the very basics such as realistic risk/reward considerations, the essential mechanics of trend-following systems, fundamental vs. technical analysis, timing indicators, stochastics and charts, all the way to clear and precise systems and methods as well as the Psychology of Day Trading. He goes out of his way to make sure that the reader is absolutely aware of all aspects of day trading before making a commitment - including the long and painful learning curve that is inevitable - and clearly states who should not undertake day trading. Having said that, if the reader understands this, and is still firmly committed to making day trading a success, Mr. Bernstein gives his utmost support by going deeply into the nuts and bolts of the art by providing a solid foundation with proven strategies that can be thoroughly back-tested. This is really the most beneficial part of the book for the experienced investor, and is that which sets it apart from the many more general works on the subject. The reader is encouraged to learn and test these methods and systems and to incorporate the ones that are best suited to his/her own investment style. Pitfalls are clearly stated and the writing is extremely fluid and easy to understand. Best of all, the reader subconsciously develops the proper attitude that is so essential to succeed - that day trading should be treated as a serious business which can and will only be successful if done with the proper frame of mind, diligence, hard work, and risk management as well as a dedication to discipline. I highly recommend it!



2. Jake has writed no news about trading world, but all that the traders need is into this book. Sometimes we read a bit of trading system, a bit of psicological approach, etc. Jake said that the book is dedicated to day traders and aspiring day traders the world over. Doing day trading is arduous: the challenge immense. The promise of victory and lure of wealth inspire you daily to confront the odds of success. Jake give us this book in the hope that his efforts, research, suggestions, systems, and methods will help us achieve our goals.
   Great buy!



3. This is the second Jake book I had read up till now. The first one is "Investment Quotient" which I gave my highest rating. That does not lead to my negative comment on this one because of over expectation. It's just that the content and quality of this so named guide just cannot be described as compleat.

   In one single book of only 200 pages, Jake tried to discuss many important elements of day trading, including history, mechanism, player characteristics, market structure and even sophisticated technical tools like Stochastics, MACD, Momentum, various forms of Moving Average and even AI. The problem is: he tried to cover so many things that the whole book becomes very shallow and far from what is needed for this highly risky game.

   I dont understand why many reviewers gave this book such high ratings. I am afraid that many amateurs had already been lured to enter the game under the false illusion that they became better, if not well equipped, after reading this book, and had already fallen prey to the market crocs.




4. Although there is much informative basic material in this book, I cannot stand the fuzzy math this author uses. The percentage gains he reports in some of his examples are blatantly deceptive. An example is Fig. 5-10, where he shows the possible gains achievable using the "gap" method. He quotes a profit potential of $21062, which I dont dispute. However, there is no mention of the actual money necessary to make the trades shown, which is probably somewhere around $30,000 (minimum). This would yield a profit of around 67%. The figure, however, quotes a profit return of almost 700%!! Whether or not these figures are his, or if he borrowed them from another source does not matter. He should know better! This sort of misleading "fluff" does nothing but confuse the amatuer and leads to the expectation of gains much better than realistically possible with a small account balance. Throughout the book, math like this is used to over exagerate possible gains from day trading.



5. I have recently read two other books on day trading and they were much better, so I think the only reason others gave this such a great rating is becaue they have never read anything else. I found this book to be vague, abstract and just a HORRIBLE book. He does go over many definitions of concepts, but then he alway says he will discuss which ones are important later. How am I supposed to know which concepts are important if you don't tell me which ones to keep in mind. He cites numerous books and authors to find more information, but the beginning day trader wants to be told what to do. If you are a day trader who is hears of a concept and want a quick overview of a concept this is the only time I would say I would open this book, although normally I just go online a financial dictionary. If you do read this book, skip the first 80 pages. Other books that are great and simple, and go over concepts over and over so there is no doubt you understand them include "A Beginners Guide to Day Trading Online" by Toni Turner.

5 comments about The Stock Trader: How I Make a Living Trading Stocks.

1. Tony Oz's rare and now out of print Stock Trader book is a truly unique book. This is the only book of its kind to actually show you actual executed trades (good ones and bad ones) over a few weeks time period. Complete with all the problems that will plague traders such as failing internet connections, faulty alarm clocks, etc.

   This book didn't really capture my attention as I was first reading it. But an interesting thing began to happen nearing the end as I actually started to feel Tony's "rhythm" of trading. I suddenly felt that the books value went up tremendously at that moment.

   Tony Oz focuses on the typical elements you face when trading: entry price tactics, stop losses, classical charting techniques, exit tactics, and psychology. While these topics are fairly widely covered topics in different books, the best thing about this book is that it simply allows you to get a feel for how a real trader USES those elements and distills them down to what's absolutely necessary and what's just textbook filler.

   Daytrading books haven't really been published at all within the last few years due to the obvious fact that many traders were wiped out when the internet bubble popped. While many older books on daytrading have now become outdated, this book shows the common denominator in all successful trading, whether it be a bubble or a recession.




2. OK, not one successful trader reveals his trading strategy but the Oz is getting pretty close. This book, to me has two things, honesty but inconsistency. The plus is that Oz is sharing pretty much of his trading method. But then again, his trading is inspired by gut feeling it seems to me. (i.e. the support and resistance levels detection) OK, I nearly every time agree on his entries or stops, but still...nah..
   
   I liked his respect for the Ax(e) of each stock.
   
   Oh yeah, whoever tells you his 'gut feeling system' won't work in today's market is a complete moron.



3. This is without a doubt the best trading book I own and I own many. After many years of trying to find the perfect indicator that would solve all my trading problems I finally came to the realisation that simple works best in complex markets. Tony proves this using basic support/resistance and chart patterns combined with strict discipline to show how its really done in the heat of battle. I dont believe too many traders would be prepared to take on a challenge like this and put their reputation on the line. A brave man and an excellent trader.



4. The information contain in the book is worth every penny I paid for. I had been day trading for the last 6 years and the foundation of my trading tool is based on what Mr Oz has taught in this book.
   Of course, I have to combined several other indicator to confirm my stock purchase, however after many years this book was published, the method is as solid as ever.
   Thank you Mr OZ.



5. This out-of-print book tells the real story of how a pro day trades stocks. Yes, the price tag is high but so is the valuable insights into the thought process of this successful day trading of Tony Oz during a major market selloff.

5 comments about Day Trading Systems and Methods.

1. The description of the books contents looked like a primer for anyone interested in day trading. Not so.

   The first chapter about day trading and its overwhelming negative odds has a disclaimer that the authors very seldom day trade and have very little first hand experience with the methods they are presenting. This certainly begs the question of why they are writing the book.

   The methods presented presume a broad knowledge of technical anyalysis particularly charting. For example the first method described refers to a ".025 envelope"this might be a well recognized term for a professional but without a glossary or other explanation it is impossible for a novice to follow the exmple.

   The demo disk included "to enable you to quickly apply all the methods and techniques" is a free demo from a quote/chart service and nothing specifically related to the methods in the book. The software can be downloaded free from the internet.

   The book was supposedly 1999 dated but the book itself has a 1992 copyright- Is this a rehash of an old pamphlet..

   Maybe someone with expertise in the field would give the book 5 stars, but a person just starting out like myself would find it worthless.

   My suggestion to the authors is that they identify on the book description to whom the book is directed and especially emphasize that its comprehension requires a certain level of expertise.




2. Starts with a very negative opinion of Day Trading. It's roughly 80 pages of large type with a 1 or 2 page blurb on a "system" like gaps, RSI, divergence, etc. The back is full of ad's for other recommended material. Hard to find a worse book.



3. The book starts out with a word of caution, which is almost a refreshing break from the hype that has risen up around day trading. For those of us who have been trading for years, these words ring true. If you want the "holy grail" watch an informercial, if you want some ideas for trading, buy this book.



4. I know Charles Lebeau because I meet him at Dr. Tharp's seminars about building a winning trading system that fits you. He is honest in that saying daytrading isn't for everyone. It increases the opportunity and the cost. If your like most traders and make classic mistakes the increased cost and # of transactions will deplete your account. If you understand the rules the ideas in here may help increase your profits. I would reccomend buying the orginal Market Wizard's book by Dr. Tharp called Trade Your Way to Financial Freedom and then you might have something to work with by reading this book.



5. Not even sure that I can recommend this to a beginner, as these methods are very simple, very vague and often have no money management. The only positive is that it's a quick read and cheap.

5 comments about The Long-term Day Trader: Short-term Strategies to Boost Your Long-term Profits.

1. THIS BOOK WAS NOT USEFULL TO ME. IF YOU DON'T ALREADY KNOW THE BEGINERS INFORMATION IN THIS BOOK, YOU HAVE A LONG WAY TO GO.



2. This book is mainly for beginners, and offers a good introduction into investing.



3. This the type of book that benefits one early in one's trading process and merits re-reads after more experience. While there is very little from the technical point of view, the practical, "real world" advise rings very clear. People often buy books that are too complicated for their current level of understanding. Accordingly, they acquire more "knowledge" but not more understanding. Confusion can lead to a lot of lost money in trading. Thankfully, this is not such a book. It deserves a permanent place on the traders and investor's bookshelf.



4. The worst trading book I ever purchased. The book is full of catch phrases and waffles page after page. Example: more than 100 pages of advice such as:
   Don't trade scared (1 full page)
   Be patient (1 full page)
   Trade like a robot, wothout emotion (1 full page)
   Always have a profit goal (1 full page)
   etcetera
   The book does not show any examples of successfully backtested strategies. Better go for "Trade like a Hedge Fund" from J Altucher.



5. This book is a real gem for beginners, it gives lots of great tips without the egotistical mumbo jumbo.

4 comments about Technician's Guide to Day and Swing Trading.

1. Whatever one thinks of technical analysis, even a died-in-the-wool fundamental and value investor trembles at the thought of going against the famous "head-and-shoulders" pattern. This book will give you an excellent background in the basics without overwhelming you with a lot of technical detail. The book discusses everything from moving averages and Bollinger Bands to oscillators such as relative strength, MACD (moving average convergence-divergence), ROC (rate of change), the parabolic indicator, and Pring's own proprietary KST indicator, and so on. Also, the included CD contains a four-hour video presentation on the most important topics. Pring says in the introduction that, in contrast to most CDs in books, which are throw-aways, the CD is actually the most important thing and the book is the "throw-away." In any case, there is a lot of value and information here between the book and the CD and overall this is a fine book to get you to the next level in terms of your trading expertise.



2. The "Technician's Guide To Day & Swing Trading" by Martin J. Pring has a great CD presentation. The CD presentation covers the same information in the book chapter by chapter. I found the CD presentation much easier to understand than reading the book.

   The book combines technical indicators with tips for day and swing trading under different market conditions. Overall, I would highly recommend this combination book and CD to anyone that wants to make money in the stock market. From my own experience, the material sets reasonable expectations and does not make false claims on making easy money in the stock market over a sustained period of time.




3. Over the years, his name has become synonymous with technical analysis, and this book is not a disappointment. I put Mr. Pring up there in the same category as Larry Connors ("How Markets Really Work") and William O'Neil ("How to Make Money in Stocks").



4. It still amazes me that people like Pring can sell books and seminars to so many gullibles, given these "experts" probably never made a penny from actual trading.

4 comments about Intra-Day Trading Strategies Course Book with DVD: Proven Steps to Trading Profits (Trade Secrets Course Books).

1. I can not believe someone would write a book on intra-day trading that is only 100 pages, double spaced, and with charts that are literally scribbled on. Mr. Cooper's trading strategy is based 100% on pattern recognition, he does not use indicators at all! His whole theory on when to buy a stock is to wait for the break-out! That is it! He even has cute names for everyday patterns, he calls a simple consolidation a "Cooper 1-2-3 Pullback Position." What does he think he is the first person to ever realize a consolidation during an up-trend is a great time to buy???
   
   I was planning on buying his other Hit and Run Trading book, but I think I'll pass.
   
   I did learn something from reading this book, I could actually write my own book on trading. Sure, I know what a trend line is and I know a low-risk trade is to buy the break-out. Well, that is what Mr. Cooper must of thought when he got the idea to write this book.



2. Not good at all. Bad writing, so boring to read. The name intra-day trading does not fit as he does not talk much about intra-day trading. Save your money, when I ordered this book from Amazon there weren't any reviews which was unfortunate. Plus after each chapter there are questions but you have to go to a website and register (so they could sell you other books) to find the answers. I thought that was disturbing after paying for the book.



3. This book was a very boring and hard to follow book. I didn't get anything of value from reading this simply because I feel it was a very hard to follow book. If your looking to understand daytrading this is not the books for you. I have read many daytrading books and this one would be last on my list to re-again.



4. Well, as David Nassar said: "The market's simplicity is it's greatest disguise". I saw the negative reviews here and suspect some people don't see the logic behind trade setups from people like Oliver Velez, Tony Oz, Jeff Cooper, Dave Landry, Josh Lukeman or John Carter. In the book "Profit Strategies: Unlocking Trading Performance with Money Management" David Stendahl describes how he tested systems by adding more money to losing trades (drawdown support) and winning trades (pyramiding). I thought these were very interesting ideas to improve trading performance but was faced with the problem of determining how and when I would do the drawdown support and pyramiding. Then I wondered what would happen if I could take an uptrend for example and divide it in sections that I could trade individually. How would I trade each section of an uptrend? Then I discovered the whole world of trade setups by the people I just mentioned. These kinds of books I find are absolutely essential in solving that problem. I'd also like to mention that Oliver Velez has a new book (Power Trading:...) that comes with a DVD as well that describes trading styles for 3 different time periods.

5 comments about DeMark On Day Trading Options.

1. Prior to xmas and on my birthday I received a copy of DeMark's 'New Science of Technical Analysis'. I have been a professional trader for over 20 years and currently head up the trading operation at one of the major Wall Street firms. I thought I knew how market operateed and I shared my expereince on TV, radio, and in newspapers for years. Upon reading this book and as well ass the other two in the DeMark set, I have gained a profound new awareness how markets truly behave. The author is beyoind peer in defining and describing the intricacies of price behavior. What an enlightening series of reads.



2. My trading partner introduced me to the author's work. He told me that the author had worked closely with Paul Tudor Jones, Leon Cooperman, Steve Cohen and other industry titans. To be associated with these guys, he had to have something of value. After reading his books, my conclusion is that he truly possesses a creativity and market awareness that is unmatched in the industry. Although the ideas he presents can be profitably applied, I am certain that he does not share everything he knows with the reader. Regardless something is better than nothing.



3. You may want to think twice about this one. Not to be negative, but it is very hard to follow. Clear and concise dialog is absent in favor of unnecessary "branding" if you will of common techniques mixed with completely unverified and difficult to back test methods for trading the markets. This is trading celebrity gone wrong. I would love to know the remaining balance of an investment account traded with these "TDious" indicators. You can at least save yourself from this trade.



4. The previous reviewer cites the perception of the author's inflated ego. I too was distracted by the author's tendency to refer to "TD" indicator this and that and this disturbed me. However, i had the good fortune to meet the author at a Bloomberg seminar and the author explained why he chose to preface his indicators with the 'td'. The justification he gave was that his attorney wanted him to trademark and control the indicators and that was the effective way for him to accomplish that goal. I accept that reason and more than that I can overlook the petty complaint that it is distracting by concentrating upon the value I find in the indicators. I say call them whatever the author wants to since bottom line they are the best I have seen in my 35+ years in the industry.



5. I am a fan of Demark's indicators if you or I can ever get them. His indicators are only given to high dollar companies like reuters. My reading of this book was a painful process of trying to understand a indicator I cannot even use in trial applications. IT is clear that Demark has left his loyal following to make up bargin basement Metatrader indicator rejects. Like most in this business.....business comes first. I rank this has a 3 and the only reason it got a three was because of the quality of the work. Demark is really only valued by the traders who honestly don't need him to trade like myself. If I was a rookie and pick up one of his books I would not trade the markets because of the over don't explanation and indicators I could not follow. Do not read the reviews folks. They seem real suspect. Make a simple explanation book Demark and make your real indicators available.

4 comments about Intra-Day Trading Tactics Course Book With DVD (Trade Secrets Course Books).

1. The text has not been edited well, some statement are rather confusing.
   
   Typos add to the confusion.



2. The contents of the book are good. There is lot to be desired in the DVD.
   The videographer is terrible. When the author is talking of a particular bar with his Laser pointed on it, the camera is on a wide angle showing a little chart and the auther. He should have shown a larger image of the chart so that we know what bar the author is talking about.



3. It was supposed to be in my home on 22 March and I haven't received yet.



4. The trading tactics and market analysis information in this book, when coupled with the lesson on the DVD, can make any intra-day trader better at what he/she does. After I learned how to pick bottoms intra-day the RIGHT way using the tips in the book and on the disk, it set me free.
   Pay attention to the introduction of the book. Particularly the part about being able to use the DVD to watch the lesson after the lesson. Coupling the two educational tools was a great idea.
   The fact that the video editing and camera angle aren't Hollywood quality is just more confirmation that these guys aren't good at making movies, they're good at trading stocks. I will be buying the lesson on swing trading next. Look for the review!