No comments about Forex Trading Strategies - How to Be a Super Successful Forex Trader (Forex Trading Strategies).

3 comments about The Point & Figure Method of Anticipating Stock Price Movements.

1. The content itself is good and useful in making some profits in stock or currency trading. However, there is one major problem about false signal (either buy or sell signal), about which the author never mentions and never gives any suggestions to solve this obstacle. In general, the book is helpful !



2. This book is not a how-to on the modern methods of Point and Figure charts, as Tom Dorsey's book is. It is however an important historical classic, which makes you think about the psychology behind the buyers and sellers and gives some insights into trading the point and figure charts that the more modern books don't. Well worth the small price for the paperback if only for the sections on the fulcrum.



3. I love to learn new ideas when it comes to investing, but I look for reviews that talk about how technical a book was, how they prove their theories. It has been difficult for me to get past the 35 pages of "Our method is the best because we say it is". Not one shred of evedience is offered to back up any claim that this is the only thing you need to know how to invest. The fact that volume is totally discounted as usless information should regulate this book to the "don't waste your money" pile. Rising prices with lessening volume signals weakness, while rising prices with increasing volume shows strength. Supply and demand. Price does't show everything, even if it may be the most important thing.

5 comments about Charting: An Introduction to Technical Analysis and Its Concepts.

1. It's a great book if your just starting to get into trading, a bit pricy but worth the info. On the bad side is that alot of trading info is on the web now. If you look really hard you could probably find all of the stuff scattered over the web. But a beginner wouldn't know where to start. Like how he goes over TA indicators like ADX and RSI, but if you didn't know what they were in the first place then you wouldn't know where to look. Concise and full of info.



2. I give this 4 stars, because I never rate anything a 1 or a 5.
   
   This book is for serious traders, not for those with an MBA in finance. There is a difference. I don't have an MBA, but I make money almost every day using technical analysis. I have learned a lot of that from Michael Saul. There is a learning curve, and if you have financial baggage or a "sure thing" kind of investing attitude, you might as well forget this book.
   
   The details can be a bit much for beginners, but just paper-trade with the info at first until you begin to get the feel of it.
   
   This book teaches you how to recognize the signals (like reversal bars, bull flags) that the market is sending about shifts in momentum and direction. It is amazing how well it works. Not every time, but more often than not, it's correct. And that's all you need if you want to make money day trading.
   
   This is not investing, and requires study (like charting/TA books) and daily research. It's not for everyone, and you must learn the material, and then test it on paper before you trade for real, just so you'll be comfortable with the accuracy of technical analysis.
   
   I'm not sure what the previous reviewer was referring to concerning hawking infomercials - I don't think anybody ever sold a book by itself on an infomercial. Certainly not one as dry as a technical analysis book. And specialty books get self-published all the time, especially when the potential market for them is so small (that probably explains the high price, I would think). I'm not trying to defend Michael Saul; he doesn't need it. It just seems strange that someone would use those silly comments to try to discredit a book that he admits he can't understand.
   
   On the negative side, it IS EXPENSIVE. If you can get it used, save yourself some money. I also agree with another reviewer that much of the information here IS available on the web, but you'd really already need to know it before you'd know where to find it. Not to mention you'd have to wade through plenty of bad info to find the good stuff on charting on the internet (been there, done that). Save yourself the time and hassle by getting the book.
   
   Bottom line, it's a good, accurate, (but expensive), technical analysis book. I recommend it.



3. I ordered this book because I had received so much good information from Trendfund.com, the website that Tiny is affiliated with. What I got was a book that does an incomplete job of describing a limited number of general technical analysis tools. There are so many other book that are more complete, like Kamich ,"How Technical Analysis Works", which I also own and would recommend hands-down over this book.



4. There are so many other books on technical analysis that are more comprehensive than this one (e.g. Kamish, How Technical Analysis Works). I bought it because I had received so much good information at Trendfund.com, the website affiliated with Tiny. I had hoped that this book would continue with great real life examples of successful trades. The book does a poor job of discussing general technical analysis tools. I was disappointed. I'm willing to sell my copy for $10. I can't imagine anyone giving this book 5 stars unless they have a financial interest in the book's success. Of course, you can get all this information for free by logging on to Stockcharts.com.



5. It's a rare experience picking up a book about a seemingly boring subject and not being able to put it down. That's what I call style. They call him "Tiny" but he's a huge source of knowledge and introspection. He makes the subject grow on you and you can feel the intensity of his expertise on the subject. This man is an obvious winner and this book is an accurate representation of that man. As you go through the basics your base of knowledge grows exponentially. The subject matter becomes interesting and even the charts and illustrations make sense the way he explains them. The writing is incredibly fluid and one subject flows into the next. I understand that this is Saul's first book but I ceratinly hope its not his last. His intellect and Parness's intuition combine to give us an unbeatable team. I really can't see either man working indeoendent of one another. Charting is the soul of the what stock to buy, when to buy and at what price and what is your exit and risk minimization parameters. All of this applied through charting to generate profits in the stock market. This is a winning book written by a proven winner. It is a must buy for anyone in or going to be in the stock market. I can't wait for the next book.

1 comments about PayTrading: From $2000 to $1 Million in 10 Years or Less.

1. Tons of people today use PayTrading every day to make money in the stock market. Read it today, it's good stuff.

5 comments about Stock Trading Wizard : Advanced Short-Term Trading Strategies for Swing and Day Trading.

1. This book is a great primer for beginning traders, in that it gives you a full overview of daytrading stocks, from an introduction to the markets, to explanations of execution methods, Level II, position management and money management. It's a great book for beginners and intermediate traders alike.



2. 10 Stars !!!!

   This book has saved me a fortune. When ever I'm in a slump, I stop trading and read this book again. It always gets me back on track. My main problem was I wasn't letting the market tell me which direction to trade. I was trading on the long side of the market when I should have been on the short side and vise versa. I've stopped watching the tape so closely, and focus now on general market conditions for my long or short signals. Now I don't get caught on the wrong side of the market as much. I feel that you can take many pages of this book and say that each one of those pages is worth far more than the price of admission. That is my honest opinion.




3. I like the way Tony guides you to the world of stock trading. He defenetly provides the neccessary information for beginners.
   
   Just keep in mind that beginners NEED to go beyond the basics and learn more practical strategies that can show them specific ways to make money from the stock market.
   
   Day trading is all about making buy and sell decisions. When you place a trade either your going to lose money or your going to make profits, and some other times you will break even. Trading doesn't have to be complicated and should never be regarded as gambling. Trading is a game of strategy.
   
   That's why The most important aspect of stock trading is the knowledge FILTER you employ to make your buy & sell decisions. There are many "fantastic" strategies outhere, but you need to test them in order to discover which ones help you the most.
   
   Complicated systems that rely on a "boat load" of technical indicators can make you slow, and being slow in this game can be as dangerous as not knowing what to do in the first place.
   
   I think the worst thing that can happen to a beginner stock trader is to get information overload. It's better to go step by step, and test a simple strategy that can show you how to focus on concrete ways to make money.
   
   Fortunatly there are some good sites on the web today that can show you how to trade in practical and effective ways. One of those sites is Sharp Trades ( SharpTrades com )
   
   In the end, stock investing & trading is all about buying and selling according to your knowledge FILTER. Once you master and follow youre proven filter parameters like a clock, you can expect to start making serious amounts of cash on a consistent basis.



4. I re-read this book and was going to write Tony a thank you note for a truly outstanding book that stands the test of time. Most financial books today only cover one aspect or another of the marketplace. Tony's books cover all angles and give a wonderful in depth blue print for the person who is willing to follow the advice given. Tony's book "The Stock Trader" is a must read accompanyment to this book and is worth the money. No other book on the market takes you inside a trader's mind and walks you through the trades as this does. I cannot recommend Tony's work enough and I am proud to consider him a friend. He is the happiest, most successful person I know. We can all strive to attain his example of success.



5. I brought this book in 2000 when I tried to learn trading. The reason I brought it was because it was so expensive and had many 5 star reviews. I thought it must has money making secret inside. However, it only contains some simple basic trading informations and some basic strategy, which is OK if it the book costs 10 dollars. I suspect those reviews were written by the author and his friends in order to boost sale.

5 comments about Day Trading on the Edge: a Look-Before-You-Leap Guide to Extreme Investing.

1. If ever I have bought a worthless piece of #### this is it. This man has absolutely nothing useful, except to warn you time and again not to be a day trader. He repeats the same very basic concepts in all the beginning chapters. I learned nothing useful except a ton of webpages and daytrading courses offered by the daytraders who he interviewed complete with thier 800 numbers....A real waste of ... I kid you not.



2. This was a fun book to read if you like trading books in general. There are some good points on system selection (almost too much), tax tips and an interesting section on Psychology. The interviews with traders are very general and do not contain any information on strategy of the traders. Had the interviews contained more strategy and less chit chat, this would be an excellent selection. As is however, just so so..



3. I have been looking into trading in general for the last 2 months or so. I strongly believe this should be one of the first books to be read.

   Why such a strong recommendation/endorsement ?? Because of a very interesting survey and discussion about the success rates of day traders and their age profile for example. How much money did aspiring day traders make during the first 6 months ?? And so on ..

   So it is a strong overview of the industry. It is available in the local library for me. If it weren't I wouldn't have bought it because some of the reviews on this forum were so negative. But I did read it. It is a great source of information ..




4. If you want to be successful in this field. You probably need minimum a dozen books for perodically refreshing your mind. Just like you need a minimum 12 stocks to achieve the diversification.

   This one will do the job. I doubt you have the time to go over all the books ever published in this field.

   I have heard the importance of money management in every of the hundreds book I have read in the past few years. I believe it is true. But this is the only book finally push me to the immediate action. After I spent whole afternoon do a experiment try to veryfy the statement on Percentage of Risk on page 184. I only did 33 tosses instead 100 tosses.

   I also believe day trading is hard. But just as the old adge "you will not shed the tears until you see the coffin." This book will do the trick. This book give you some of the other side truth.

   This the second time I read this book. Both time by borrowing it from local library. Now I am going to buy one for keep. Even though not every chapter is to my liking.




5. As others have said, this book really doesn't tell you anything about trading. Instead, it focuses more on what kind of person would make a good trader. It reminds me of the articles about different professions my high school guidance counselor gave me when I was a kid.
   
   There are many contributing writers to this book, which is a bit confusing since the cover only mentions Leslie Masonson. It appears he was basically the editor of the book, who also wrote a few chapters. He conducted a survey, and published the results, which is worthwhile, and could be interesting to prospective traders.
   
   I found Chapter 11 on tax evasion (er, I mean planning) by Ted Tesser to be written poorly. I haven't read something so repetitive since Wade B. Cook's "Wall Street Money Machine". Tesser has a few ideas (which may be good, who knows), which he repeats (often in bullet form) over and over again. I couldn't imagine buying Tesser's book which he plugs in that chapter. Just hire a tax attorney... might cost more up front, but the at least you won't be wasting your time.
   
   The last few chapters contain interviews with many different traders. Masonson plugs each of their websites (about half of which are out of business as of May 2005). Some of these traders seemed to have intelligent advice, others seemed to barely know what they are doing themselves.
   
   In summary, I found this to be another run of the mill book on trading. Like so many books on the subject, you feel like the main goal of the book was to promote other businesses offered by the writers. I suggest if you still want to read it, you do as I did, and borrow it from your local library rather than waste your $$.

5 comments about The Guts and Glory of Day Trading: True Stories of Day Traders Who Made (or Lost) $1,000,000.

1. "What is a day trader? Maybe it doesn't matter."

   Unfortunately for us readers, this statement (taken from the book) is not meant as a joke. Many of the chapters are about people who have absolutely nothing to do with day trading. It is amazing that the author claims to have selected these people from a much longer list of candidates. Well, maybe it isn't that amazing when you consider that everything in this book is based on phone interviews in which the "traders" presented their own stories. No trading records were reviewed, not a single account was audited.

   Let's look at two examples taken from the book:

   Example 1: "Barbara Hamilton" (her real name was not given in the book): divorced and received $525,000, which she turned into (the text isn't very specific about this) a little more than one million...by buying and holding internet stocks in 1998 and 1999. Despite being considered a "day trader" by the author, she was still holding them all the way down, and lost most of her money. The chapter ends with the words: "And she was bound and determined to make back her million."

   Example 2: Mary Pugh: Bet all her money (!) on one single penny stock, held it on the way up, held it one the way down. Needless to say, that's a little different from what I consider day trading.

   Just as an aside: The cover blurb ("Real-life lessons that any trader can profit from.") was written by Jamie Heller, editor-at-large at TheStreet.com, the web site Mark Ingebretsen used to write articles for. I guess that's what friends are for.




2. Dear Mark,

   I just wanted to say how much I enjoyed your book. Of course I am trying to make a living as a daytrader, but what I find interesting is that your book has the mistakes the various traders have made as well as their success
   stories. It is very inspirational to know that other people have setbacks too. I am living in Japan; I teach in the evenings then come home and trade from 11:30pm (Japan time) through to early morning, then sleep, then new day begins.......so I am a "night-trader"......... Anyway I just wanted to say I read and appreciated your book very much! Write another!




3. I am a full time equity & futures trader. I have read a lot of trading books. The Guts and Glory of Day Trading, has NOTHING to do with day trading. It's just story telling. No *exact* programming code revealed, no statistical analysis either. Overall, it tells you nothing at all about day trading.



4. The 'error' in the title of this book is a representative of the appalling quality of the book. To be fair, the author cites his definition of 'day trading' which is *NOT* the industry accepted definition.

   A couple of problems with this book:

   - the author appears to have no idea regarding the topic of trading;
   - it generally has little to do with day trading;
   - most subjects in the books are average people who got lucky with apparently no skills (nor common sense);
   - the book is written in a style suited to magazines, particularly those for pure entertainment - although unfortunately it is not entertaining at all. The author is unable to direct subjects to the appropriate topics and fails to extract anything substantial in any area; and
   - there is very little useful and educational information in it at all (eg statistics / methods / psychology / money management).

   There are many other books that are significantly better than this one, particularly Schwager's Market Wizards books.

   If you're looking for some possibly fun (for those who haven't read anything in this area), brainless and easy reading - this could be your answer to boredom.

   If you want anymore, I'd almost guarantee your disappointment.




5. I was thinking of leaving my present job (in the administrative field, basically, I work as a secretary in an office downtown San Francisco) for the glamorous field of day trading, because a cousin of mine claimed to have made over $10,000 a day for eight days in a row, and this fellow is a totally uneducated guy without a brain in his head, so I figured, how hard could it be? However Mark Ingebretsen's book convinced me that I'm not quite as ready as I thought I was to jump into the pool of guts they call the day trading game.
   
   No matter if you're new to the job or an old hand, day trading requires either nerves of steel or a mind completely dulled by OxyContin. Ingebretsen has rounded up the usual suspects, but makes his own contribution of a radpidly expanding field by interviewing some luckless schlemiels who lost everything, and would you believe it, more than one of them claim they have no regrets! I'd be kicking myself around the block and these people are just flushed with triumphant and glistening with endorphins.
   
   My cousin says he just went in on a dare from an old college roommate. They read a book called DAY TRADING FOR DUMMIES, and the next thing you know they were holding down space at one of those trading parlors in Sunnyside. And the next thing you know after that, Jeff (my cousin) is hosting a family reunion at "Firefly," his newly purchased retreat in Jamaica, formerly the home of the Duke and Duchess of Windsor. However, envy and jealousy have torn his immediate family apart and none of them are coming, so what's the odds? It's like being a lottery winner. On the one hand, all your dreams come true, but on the other, like Jennifer Aniston, or Karl Rove, your life becomes miserable thanks to renewed public scrutiny.

5 comments about Electronic Swing Trading for Maximum Profit: Discover the Professional Trading Strategy that Combines Day Trading with Long-Term Investing Techniques.

1. Since I lived in Nevada I tend to compare stock trading, whether it is day trading or swing trading, to speculation. If you are inclined to speculate and take a short term stock position, I recommend that you read the book before you engage in stock trading. It will help you understand the risk, tools and strategies required to survive in the business of stock trading.

   I like the book a lot because it was an honest introduction to short term stock trading. The book did not contain any hype or promises of returns or road map to fortunes. All of the trading risks in specualting on the stock price movements were disclosed upfront. Most importantly, the tools to manage such risk were introduced.

   Secondly, the book has more than 400 pages of stock trading information and so the book is complete. In my opinion, all of the trading information, from technical and fundamental analysis to Level II screen, was systematically presented in an easy to understand language. The book was also well organized and well illustrated so it was easy to read.

   In short, this book is one of the most complete introductory texts to stock trading that I have read. I particularly recommend the book to novice stock traders, although experienced traders will also benefit by reading it.




2. Iam looking for a good book and this one is a real waste of money. First 12 chapters are very general. If you want a hardcore book on swing trading this not the one for you.



3. One of the best on the subject I have read... and I have read a lot. I particually enjoyed his charting and mathmatical explorations. Very good analysis on the importance and uses of MACD, EMA, and Bollinger Bands. This book took my trading to a new level.



4. I bought this book some years ago and I still love it. It was the first book that I bought on trading and I did not appreciate how good it was until I started buying and checking out regular investing books at the library. You know the kind of lame books like Susan Orman's book 9 steps to financial freedom. The kind of book that's all fluff and no substance other than the same advice that my grandfather had told me (use your home equity, lower your expenses, balance your portfolio, ect, ect.). Most investing books are all about personal finance and not investing. As well, most trading books that I have read or looked at are more about market mechanics than actual case studies or trades themselves. Also, Dr. Sarkovich does not waste your time or money on stories from his past to fill up his book. You will not find chapters here about how trading was at a desk somewhere back in the day. Why? Because he has spent the time telling you what you need to know to start trading, not his past life in the field.
   
   That review on here about the book being for beginners really chaps my hide. It says right on the friggen cover "From Beginner to Advanced Trading". And that is exactly what I need. Heck, I still read it from time to time because I am still learning how to do this correctly and not lose money at it. I practically need to memorize this book since I look at it so much. I have post it notes sticking out of about 30 pages of it right now. And its so easy to find what I need when I need it. I mean the sections are , How to trade, When to trade, What to trade, and in those sections is all the info and explanations about what you are seeing on the screen (level 1 and 2 info, trade order and execution, candlestick charting, charting patterns, moving averages, Bollinger bands, market measures and volume, and much more).
   
   What I needed at the time was a book that would explain to me everything going on the screen when I had my scottrade account opened, and that is exactly what this book did for me. I could just sit there, make theoretical trades, and watch what happens, then go back to the book, read some, and then get that ha-ha moment when I finally figured out what was going on. This was possible because unlike many other books, this one tells you what things are going to look like when moves happen. Other books just give a brief basic description of how the screens work, this one goes the next step and tells you what things will look like when something happens.
   
   One other review complained that it is more about day trading than swing trading. Once again, man, read the darn cover. It says, "Day-trading with long term techniques". What do you think Swing Trading is anyway? That reviewer is an idiot in my opinion for that remark. If you want to learn trading then read this book. However, if you want to learn investing then go read Graham and Dodds "Security Analysis."
   
   PS. I bought it back when it was 40 bucks + tax. It's a steal today.



5. I bought this book specifically because I thought from the title that it would be about swing trading, and in particular Gann's method of swing trading (since he was the one who coined the phrase), so I was terribly disappointed after reading it to discover that it made no mention of Gann, nor any mention of the method of swing trading. Sure it mentions the word "swing" a lot, but nowhere in the book does it actually tell you about the method of swing trading itself.
   
   The book is no more than a general introduction to the whole business of trading, which as a previous reviewer noted, information such as this can be gained from any of 100 sources. And if its an introduction you want, you're better off getting John J. Murphy's "Technical Analysis of the Financial Markets".
   
   The "Buy Used and New from $5.99" says it all...
   
   sorry, this book is not what it says it is.

5 comments about How to Get Started in Electronic Day Trading: Everything You Need to Know to Play Wall Street's Hottest Game.

1. When it comes to money making e.fads (as daytrading is now seen) you need the absolute most accurate up-to-the-minute information available to succeed. This book is simply none of the above. Sorry.

   If you really want to know how to get started (or if you even should) go to one of the daytrading .coms and read their FAQ. Their information will be the most up-to-daye around, and they might even offer advice that will help you get your finances in order before you start.




2. A lot of the reviews here are unecessarily harsh. The title of the book is "How to Get Started in..." It is not an end all be all of day trading books, but it is a highly informative book, and I believe it accomplishes what it sets out to do (get a novice's feet wet in day trading). I wouldn't start day trading with this book alone, but it is a good start.



3. I read both of Nassar's books and they are both excellent additions to anyone's library on trading. He is clear, direct, firm, and no nonsense. That is what I like about this author the most. He does no selling in the book and only offers information, page after page. I have read many books on trading and most authors have something to sell, Nassar's book makes you search for how to reach his firm,... I think he is world class in his approach and has integrity. His material is simple to understand and the ideas are easy to incorporate into trading yet rewarding. He makes it clear that trading success is about you, not a magic formula that so many portray is possible, which in fact is not. Read Nassar's books if you want it straight.



4. Picked up this book at our local library. Was'nt expecting much, but then I flipped through to Chapter Five.

   Chapter Five is worth the book price. In it you will learn how the market is moved, by watching the bid/ask prices and size.

   I only trade futures, not stocks, but the information in chapter five confirmed the reality of trading in all markets. The strong money will win - every time - at will. You need to know what to look for and which side they are on.




5. This book is good but outdated. In any event you cant expect to get the wholy grail of trading in one single book. You need to read and test and test again until you come up with a trading system that produces you consistent results.
   
   Above all you need to focus on a set of stocks and sectors that you feel comfortable with. Personally I like momentum trading, because when you get to master a momentum trading strategy you are able to generate a good amount of cash in relatively short period of time every day.
   
   The main thing with momentum trading is that youve got to learn how to identify and handle the best momentum opportunities. In other words be able to separate the good opportunities from the bad ones.
   
   Some places on the web offer good information on the subject. One of them is Chathotstocks com
   
   Just dont forget that a trader cant never stop learning. In trading it pays to know more than the crowd.

5 comments about Electronic Day Trading Made Easy, Revised and Expanded 2nd Edition: Become a Successful Trader.

1. Sure, I would love to beat the market all the time....NOT POSSIBLE....maybe a little? Don't expect to read one book and be an expert. This requires many books{ maybe 30-40] + years of experience [read lots of mistakes]. I would give the book a higher rating but I don't think day trading is EASY at all...the title is very misleading. If you've taken your lumps in this bear market of 2000-2001, you know what I mean. If you're a bear, well finally you're time has come. I've been waiting for this bear since 1992! Good luck!



2. This book is ok if you are a new INVESTOR who wants to use Electronic Trading to buy stocks. If you are planning on being an active trader, or a day trader, skip this book. It is just basic order entry, system and level II quote information.

   As for the Made Easy part, investing and trading are not easy. If they could be made easy no one would sell you a book.




3. OK, if you want to read something that gives outline view of what Day Trading is about, go ahead and buy this book. If your looking to build a foundation for a successful career in trading, move on. Not only is this book a warmed up re-hash of material covered in dozens of other books, the information is really dated. I suppose that if we could roll the clock back to 1999, you could read this book, start trading and you'd probably feel pretty talented. But in reality, all you needed to know in 1999 was 3 or 4 steps.
   1) Pick a stock,
   2) Buy the stock
   3) Sell it after it goes up.
   4) Repeat steps 1 through 3.



4. Having as much experience in trading, I along with thousands of others could have written this book. It's cliche and dated. I am actually quite surprised since this guy has never really day-traded. After getting this book, the one thing Sarkovich taught me is how to write a book about something one does not know anything about. I actually cannot believe all the Stars people give!! Are you all high?!? Its mind boggling? Are you guys for real?... Actually, $3 prices in the used section should tell you something?... For anyone interested in technical analysis, get Murphy's technical analysis of Stocks and commodities or Reminiscence of a stock market operator by Jesse Livermore. Get a Van Tharp book for money management and be patient. Day-trading is tough, and most people can handle other types of trading but not day-trading. And really the only way to learn is to find a mentor like Pristine, a close friend or some trading shop. I wonder if there are a lot of shops around anymore. Misha's is not, not that he would ever trade there, since he is not a trader. ;-)



5. This book is pretty basic and as a beginner you are going to have to learn more focused trading strategies and not just a generalistic overview of what day trading is or should be.
   
   Day trading is all about making buy and sell decisions. When you make a trade either your going to lose money or your going to make money, and some other times you will break even. When you win some body else will lose and so forth, but that's NOT what's important.
   
   The most important aspect of day trading is the knowledge FILTER you employ to make your buy and selling decisions. There are many "fantastic" trading strategies outhere, but you need to test them in order to discover which ones help you the most. That's part of your homework as a daytrader. Test, test and test again.
   
   Complicated strategies that rely on a "boat load" of technical indicators can make you slow, and being slow in this game can be as dangerous as not knowing what to do in the first place.
   
   I think the worst thing that can happen to a beginner trader is to get information overload. It's better to go step by step, and test a simple strategy that can show you how to focus on concrete ways to make money.
   
   Fortunatly there are some good sites on the web today that can show you how to trade in a practical and effective way. One of those sites is Stress Free Traders ( StressFreeTraders com)
   
   In the end, day trading is all about buying and selling according to your knowledge FILTER. Once you master and follow youre proven filter parameters like a clock, you can expect to start making serious amounts of cash on a consistent basis.