5 comments about Electronic Day Trading to Win.

1. I am not only a Direct Access Trader, utilizing the strategy of Day Trading; I also own a Branch office where customers come to trade. I highly recommend this book for new traders, or people who are just beginning to be interested in the strategy of day trading. We have a short list of books, which we recommend to clients, and this is on my top 10 list for new clients.

   This book good for an intermediate trader, or someone shopping around, it explains general terms and how the market works.

   This would not be the most helpful book for practicing direct access traders, but it is an excellent book for a new comer.




2. I couldn't believe this book received more than 4 stars. Or 2 stars for that matter, which I think it warrants.
   Yes, it provides a good overall picture of what day-trading is and would be a superb book for the beginning practitioners who wants a better picture of the background of day-trading. But if you're looking for trading ideas and strategies, my advice is to skip this book. The chapter on technical analysis is flawed. There were a variety of charts which looked good on paper, but that was with the benefit of hindsight. In practice those analysis would never have been possible.
   There's too much at risk if you put your money on the line using the trading ideas here.



3. Electronic Day Trading To Win is a must read not only because it explains the necessary theories behing day trading, but it also shows you the road map to getting started in a very practical way. This book is both informative and enjoyable to read combining the most pertinent information with some profound and humurous commmentary. I give this book a strong buy recommendation!!!



4. This is a book written at a time when Nasdaq was very close to its pinnacle in 1999. Not from hindsight (of the index level today), but sheerly by content, the book is full of flaws in nearly every topic it covers, especially those on Technical Analysis. Facts, and pure facts were abundant. However, trading system, strategy and insight were in short supply. The authors might have been so optimisstic and carried away by the beautiful picture they painted about trading in Nasdaq that money management and discipline had rarely been mentioned, and the "real tactics for real profits anytime anywhere" on the front cover were by and large absent.

   p.s. This book contains the highest number of cartoon (eight) in those trading books I ever read. Sadly, most were drawn with one single theme, that "Day Trading would annihilate the brokers". That should have implied something about the direction and quality of the book, which I had mistakenly ignored.




5. A short statement should tell you all:
   Electronic day trading to "LOSE": go ahead if you would like to learn how to LOSE the daytrading game.
   
   ** This is just an introductory book. Don't be misled by the name **
   The first 3 chapters offer an introduction to daytrading and some of its backgrounds. So-so!
   However you could easily find such information on the Internet. Sometimes they provide even more information than the book, not to say they are free of charge.
   
   
   ** All sorts of commonplace trading strategies! No secrets should be expected **
   The rest of the chapters generally teach you how to trade. However what the authors provide is not their secrets to trade. I don't think they have any in mind, really. What they do is gather different traditional commonplace trading ideas and strategies which can be found in many introductory books like trading by news/rumours, earnings reports, analyst expectations to price/volume, chart patterns; and other people's work like William O'Neil stock selection method.
   Very often, they switch from here to there, stuffing different trading ideas & strategies all over the book. Mentioning the "strategy's title" with a few descriptive paragraphs of what it means doesn't help anyone. I prefer they stick to a few and elaborate them in depth. It's not surprising to find one trading idea conflicts with another. Some of the trading ideas may do more harm than good in my opinions. Even worse, some of the trading methods are not for daytrading. I don't know why they are included in this book.
   The book lacks proper organization and elaboration. Too bad! Can't learn!
   
   
   ** Their technical analysis suxks **
   The part about technical analysis is a real pain.
   
   "Present DAILY Charts to daytrade?!"
   This is one of the funniest parts in this book.
   First let me tell you what "daytrading" is, just in case someone doesn't know.
   Day trading refers to the practice of either buying and then selling or selling and then buying within the same day. Daytraders don't hold positions overnight.
   I startled when the authors talk about 2-Day & 200-Day Price-Volume Chart & trading with them. I start to re-read the title, wondering whether the publisher got the wrong cover.
   
   "Flawed Technical Analysis"
   It's very strange. It's the first time I see such kinds of technical analysis in a book.
   It's a bit difficult to explain by word. Anyway I'll try.
   The authors draw "trendlines" which cross price bars. Huh?! What's up?
   They also draws lines, crossing the price bars, to outline chart patterns like triangles, rectangles. Normally the lines should link up the highs & the lows of the bars. The authors make no explanation on why they draw in such a weird way. I can't see any point in doing it.
   Most, if not all, their interpretations are nothing but hindsight.
   Funny enough, it keeps using many daily charts to teach people "daytrade". It's really amazing!
   
   "Lack of trading plans"
   I hardly find the authors mention anything about how to trade any technical signals.
   - How can I trade a rectangle?
   - Where should I place my stop?
   - How can I take profits?
   - When should I exit?
   Sorry, these questions are beyond this book.
   What's more, the author often says something like "a daytrader will spot the chance and enter the trade here". But how could I spot the chance beforehand? We're not you. We can't trade by hindsight.
   
   
   ** Rating of this book in Amazon**
   I had to mention because it seems there's cheating at the rating! How come such a substandard introductory book can receive 4 stars (valid up till 13 Jun 2006)?
   One reason is there're many "weird" reviewers who give 4-5 stars. It looks like they are not here to review, but to lure you into this book. The reasons why I feel so are as follows:
   
   "Highly inaccurate comments"
   I select some of the most arguable comments:
   
   >> THE AUTHORS, BLESS THEIR HEARTS--TELL US EVERYTHING NOBODY WANTS US TO KNOW. RIGHT ON!
   The no-one-want-to-know "secrets" have been revealed in many other books. Many do better jobs than this one. This one lacks elaboration most of the time.
   
   >> "...have been overwhelmed by the revolutionary strategies in this book"
   An introductory book with loads of commonplace trading ideas is REVOLUTIONARY?!?! I couldn't believe my eyes.
   However this book does one good thing. Eg: it mentions other people's work like William O'Neil, which is a good author, so you know you can read other books and throw this book away (However it seems no book of him is for daytrading, as far as I know).
   
   >> "I would guess that even professionals in the field could benefit from this book"
   How come a professional can benefit from an introductory book? This taxes my brain. The authors are just "reinverting the wheel"!!!
   
   "Suspicious Reviewers"
   I had some identity checks & compiled statistics roughly. Here's statistics about those who gave 4-5 stars (valid up till 13 Jun 2006)
   - 11 reviewers (35.48%) are anonymous (no name)
   - Of those 20 reviewers with names:
   -- 15 reviewers (75.00%) are highly suspicious
   -- 3 reviewers (15.00%) are somewhat suspicious
   -- 2 reviewers (10.00%) should be genuine
   If you read carefully, you will find the reviewers have something in common.
   
   
   ** Conclusion **
   I couldn't recommend this book to anyone, even for the beginners. This introductory book is full of flaws & inaccurate information. It lacks clear step-by-step instructions to guide beginners towards the road of success. Very often it has only one paragraph or a few to explain some of the common trading concepts & strategies around the world. It's far too brief. A beginner can't learn.
   
   Due to the quality of the book and the possible dishonesty of the authors, I'm more than happy to give the book negative stars, if the option is available, to put down the misleading rating.

No comments about The Practical Guide To Swing Trading - Guide To Being A Profit Taker In Any Market Condition!.

2 comments about Sammy Chua's Day Trade Your Way to Financial Freedom (Wiley Trading).

1. I did enjoy this offering from Chua; it is an informative read. It is not overly technical. There is, however, a shortage of intra-day strategies.The bulk of this text focused on swing-trade techniques.I am ticked about the CD-ROM that was advertised to be included with this book. Everything changed after the release date; no CD. The Sammy site offers the CD, but does not deliver the product(spam trap). Requests for an explanation get no response. Yo' Sammy, what's the deal? I want my stuff, man!



2. I find this book good for the early beginner in trading for good concepts in terminology and basic trading concepts...It does not go far enough to cover some very important essentials for truly successful trading other than the basics it covers which are of course required reading....Sammy Chua's Day Trade Your Way to Financial Freedom (Wiley Trading)

No comments about 10 Days to Successful Options Trading: An Interactive Home Study Program in Basic and Advanced Options Trading Techniques for All Levels of Investors From Options Investing Expert Bernie Schaeffer.

No comments about I WANT TO Make Money in the Stock Market (I WANT TO).

5 comments about The Day Traders: The Untold Story of the Extreme Investors and How They Changed Wall Street Forever.

1. If you're thinking of becoming a day trader, this book is not a "how to" manual, but it's a good start, providing some invaluable insight into the personalities and forces at work in the world of electronic stock trading. Author Gregory Millman uses the term "extreme" to refer to day traders, much in the same way as we might categorize those athletes who master balance and gravity-defying acts to achieve a sporting "rush" beyond that achieved by professionals in the mainstream sports. Look upon the successful day trader in the same light as the skateboarder who had to fall thousands of times prior to succeeding in the X-Games. The only difference is that the skateboarder is more likely to make it big.

   Millman has talked to the true movers and shakers in the field, and relies on some great behind-the-scenes research and his experience in writing for numerous financial publications, to bring us a book that is at once a history lesson, an eye into a day trading "boot camp," and even a test kit for the reader to see if he or she is fit (financially, emotionally, etc.) for what may turn out to be the investing (gambling?) craze of the new millennium.

   This book is easy to read and quite captivating. Whether or not you're a broker, a "buy-and-hold" investor, a gambler, or just plain intrigued by what all those playing in the stock market seem to be talking (i.e., bragging) about at parties these days, you will enjoy this book. Even the Electronic Traders Association risk disclosure statement was interesting! Millman's style is smooth, and won't trip you up with dry details or obscure jargon. I read this in just a few hours; can't wait for his next one.




2. An excellent and highly objective overview of the '90s day trading fad written by a journalist, rather than an author trying to sell a trading book by exploiting the reader's presumed desire to get rich. How ironic that the former book is now out of print while the latter books continue to sell like hotcakes.

   The book accurately reports that every time regulators have reviewed the records of day trading firms, a minimum of 90 percent of the traders were losing money. In one instance, at the Boston office of a national day trading firm, 67 out of the 68 traders there were losing money. The book also mentions that a very small number of traders are successful, although the market environment that most likely allowed them to succeed no longer exists. That is, most of these traders played momentum swings in grossly overpriced Internet and high-tech stocks. Many of these stocks, the ones that still exist, are trading at a fraction of their former prices, for example $8 vs. $280.

   The chapter on day trading "boot camp" ironically is probably the most informative discussion of day trading strategies I have read.

   I was particularly entertained by the account of how one individual left his one million dollar nest egg with a day trading firm and gave them discretionary trading authority over the account before he left on a trip, probably too naive to realize what he had done. The firm's traders traded the account down to $30,000, while one of the firms principals was continually hitting on this individual's attractive girlfriend. When she repeatedly rebuffed his advances, he finally said, "what do you see in him, you know he is broke". This is a perfect illustration of the type of people that operated these day trading firms. Their strategy was to soak the traders by charging $25 commissions while all along knowing that the chance of the traders succeeding was extremely remote.

   It is possible, although very difficult to make a living as a trader; in every era of history where there have been securities markets, some individuals have done this. However, the infamous "day trading" phenomenon (the term "day trader" now being pejorative) attempted to sell naive individuals the notion that anyone could do it, all the while playing on their desire to get rich quick.




3. Although the day-trading fad largely disappeared along with the paper profits of the 1990s high-tech bubble, a committed cadre of extreme investors continue to test their mettle against an unforgiving market. Day traders use computer links to stock markets to trade fast and frequently in the hope of profiting from small moves in stock prices. They are lured by the promise of riches, but many are unsuited for the risky venture and ultimately lose everything. Gregory Millman traces the history of day trading, with an emphasis on the unique pitfalls posed by this endeavor. Millman deciphers trading jargon and includes a section outlining the most common techniques utilized by day traders. We from getAbstract recommend this book for its insightful glimpse into a little understood phenomenon.



4. This book is a rivetting read on a recent phenomenon of day trading. It traced the beginning of the fight for individual access to the electronic stock market which was dominated by inside market makers.
   
   The author provided exhausting details on the history and inner workings of the electronic market. The book also contains some good day trading tips.
   
   A must read for any student of the market or aspiring day trader.



5. Gregory Millman's book "The Day Traders" is a confuse compilation of several unrelated stories around the stock market and day-trading.
   
   The first chapter describes how Harvey Houtkin, the "original SOES bandit", enforced the access to the stock systems for private persons, and his trading firm All-Tech.
   Chapter 2 briefly touches upon life and trading of Jesse Livermore.
   Chapters 3and 4 cover the development of electronic stock market systems for the Nasdaq, while Chapter 5 does the same for the Italian and German stock market systems.
   Chapter 6 deals with the Townsend couple programming a system called Archipelago.
   Chapter 7 describes how a fund manager (Erik Tonley) can buy hundred thousands or even millions of shares without influencing the share price negatively -- not very relevant for the individual investor/trader.
   
   If you found this summary confusing, that's because the book is very confusing.
   
   In chapter 8 things get finally a little entertaining. It describes a typical day trading course in Houtkin's All-Tech trading firm, with all the different characters trying to learn how to trade, and all the pitfalls they encounter in the learning process.
   
   In chapter 9, a guy called Kevin Burke sued his day-trading brokerage for charging a too high interest rate on his margin loans, and won $3.5 million. Chapter 10 describes a few cases of the Texas securities commissioner Denise Voigt Crawford. The most interesting take-away message from this last chapter was that 90% of day traders lose money, many of them all their savings.
   
   The final part of the book that I had high hopes for is the "Extreme Investor's Manual of Online Day Trading". It talks about the risks of day-trading, how to take your broker to court, and about the electronic systems (Nasdaq Level I and II, ECNs, SelectNet, Market Makers and SOES). Since this book was written in 1999, I don't even know if these systems still exist. Finally, this manual also contains 10 pages of tips and information for day-traders to be.
   
   After having read the whole book, I asked myself who this book was intended for (certainly not me). I could only come up with a student who has to write a paper on the beginnings of day trading, the electronic systems involved and the law suits related to it.
   
   I cannot recommend this book, but if you want to read it anyway, I suggest that you forget about the first 110 pages, read chapter 8 because it is entertaining, forget about chapters 9 and 10, and read again the "Extreme Investor's Manual". This way you save yourself reading the boring and confusing two thirds of the book.

1 comments about The Complete Guide to Online Stock Market Investing: The Definitive 20-Day Guide.

1. This book might very well be a very good book ... about investing IN THE UNITED KINGDOM! I just purchased the book, and immediately noticed that the back cover is a complete advertisement for a company called ODL Securities. While they have U.S offices, they appear to be based in Britain.
   
   So I started thumbing through the book, and I find nothing but references to the UK, references to the London Stock Exchange, all monies expressed in pounds (at least I think that's what the symbol was), etc.
   
   As an American citizen, it's a complete waste of money for me. It would be nice if they would be a little more specific in their title, or if amazon.com could create a classification indicating the target country for the book.
   
   I hope this review helps in preventing another American from wasting good money buying this book.

5 comments about Trillionaire Next Door: The Greedy Investor's Guide to Day Trading.

1. I just graduated from college and received this as a gift. It takes some guts to admit that you're a day trader these days, but I still am, and I thought this book was awesome! Very funny and scarily, scarily true. Read it for yourself and see, the writer here doesn't miss any targets.



2. Well, Andy Borowitz probably doesn't need this book to get rich. He wrote a few better ones and has this funny website borowitzreport.com. But this is definitely a strong effort. TBnD has aged much better than the tech stock boom it pillories. It contains all the hackneyed stuff you'd expect from your average self help book. Only the narrator giving the advice? A clearly deceitful jerk who claims to be a trillionaire.
   
   TBnD starts as a brilliant parody of self-help and obviously scammy Financial Success books, starting with a vision of what it's like to be a trillionaire--because hey, even billionaires have to answer to Congress. The writer seems in command--until he inadvertently reveals details of his personal life through carefully chosen 'examples to the reader.' Useless diagrams and five-point strategies abound--quite impressive for such a thin book. Belly laughs are guaranteed--at the start.
   
   But then the jokes about how the writer's just a loser living with his family pile up. It's a bit too obvious. The humor about why to buy a stock gets a bit too random or falls back on overused images or replays something that had shock value the first time. If you've ever read a satirical article where the caption said it all and the rest is on autopilot, this runs out of gas in the same way, but it takes longer to. Borowitz didn't really find his groove until Who Moved My Soap, about people who really did find ways to make money in stocks. But wound up in prison. And still had a life affirming story.
   
   Overall TBnD takes less time to peruse than one of those looping infomercials, and any humor is actually intentional. For a small investment you're guaranteed a few belly laughs, so why not. Might even help you laugh at a speculation you want to forget from the tech boom days. Borowitz deserves credit for skewering the tech boom for what it was before many actual economists, but the humor does fizzle near the end.



3. When you get tired of reading through dreary stock market books, grab this one and head off to the park. Relax for an hour or so as humorist Andy Borowitz makes light of even the most serious of Wall Street's protestations as he educates you to his "The Ten Principles of Day Trading." Drum roll, please.
   Of course, stocks have always been a favorite target of humorists. Mark Twain: "October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August, and February." Or try Will Rogers: "Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it." The strange thing about humor is that there's usually a lot of truth underneath.
   Now we get Borowitz, the satirist, in his best form to expose The *Recent* Emperor's New Clothes. From the computer cowboys riding their monitors from dawn to dusk (and into the night), to the official corporate and governmental pronouncements, to the analysts' hype, to the media's cheerleading, to our own self-delusions, everything and everyone comes in for a good drubbing. Reminds me of taking what we thought we were supposed to be serious about during the mania and hanging it out on the line for sport. Makes us look silly. And looking back at it with 5 years hindsight, you really wouldn't want to see that home movie showing how you explained to the children that you were getting rich in the great boom either. About the only sign of the times Borowitz didn't pulverize was the major TV network news programs profiling movie stars and taxicab drivers as prescient stock pickers. That just had to be the final signal that a top was near, and ranks right up there with the bellhops of 1929. A good, quick read, and a lot of fun too. Refer back to it next time things get too good to be true.



4. I LOVE this book. The author's tongue-in-cheek humour is similar to that of Dilbert Creator Scott Adams in many of his early [non-comic] books. The book is a laugh-a-second and for the relatively cheap price, it's worth it.



5. I just borrowed this book, and I'm certainly glad it was a quick laugh for free. However, for those who expected to learn how to day trade and make huge bucks, they'll be disappointed. The good thing is, that you'll only need about an hour or two to read the entire book, and you'll probably get a good laugh out of it.
   
   I was impressed with how closely he describes the day-to-day life style of a day trader. I more or less felt like I was reading a blog by a young man who chose to skip college to start day trading obsessively while living in his parents home and quitting his job at Burger King. Honestly, I have no idea who he is, and if anythign he wrote is either fiction or his own memoire.
   
   All in all, pretty good entertainment, but the retail price printed on the book ($20) is not something I would have paid for myself for this quick comedy.

5 comments about The Best: TradingMarkets.com Conversations With Top Traders.

1. I really enjoyed this book. It has some great insights and stories from some of today's top traders and money manager. You'll also learn some practical trading strategies too. So if you liked Market Wizards, you'll like this one.



2. This book was clearly put together hastily -- and edited (if at all) the way a teenager might clean his bedroom. I found large sections of it incoherent, and even when specific trading strategies are being discussed, they are often difficult to make sense of. The book consists almost entirely of shop talk and jargon and leaps from topic to topic like a Mexican jumping bean. You get the feeling that it is exclusively for day traders who hang out in trading rooms; if you are not one of these then think twice before buying. The title "The Best" is pretty questionable too. It is not clear at all whether many of the traders being interviewed owe their success to a lasting mastery of the markets, or to strategies that happen to have worked under highly unusual conditions which have already disappeared. This book pales beside the Market Wizards classics (and even the 3rd, not-so-classic Market Wizards book). Its only merit is that it does go into considerably more detail than the Market Wizards interviews. A lot of that detail is frustratingly disorderly, but I found a small proportion of it useful, and you might as well.



3. This book is the equal of such classic "trader success profiles" as the Market Wizards series. Many of these profiles trace the backgrounds of very successful traders from their humble beginnings and provide a nice roadmap for aspiring traders. I especially liked the profiles of Kacher and Morales, top traders from William O'Neil's (founder of Investors Business Daily) trading business. They offer a lot of insight into what it takes to become respected traders. If you are like me, you will likely read some of the profiles several times over.



4. Written on par with the Market Wizards series, there are interviews with some of the biggest names on this era. What puts this ahead of Market Wizards, is that there are actually a number of techniques given and one can pick up a number of ideas to look for. My only gripe was that half the fund managers in this book all used the same William O'Neill CANSLIM method, looking for strong fundamentals and cup and handle breakouts. Yes, they have produced great returns with their funds as of the book writing (late 2000), but all the interviews with the fund managers seem to be exactly the same.



5. Loved the Chris Kacher, Gil Morales, and David Ryan interviews. Incidentally, Chris Kacher and David Ryan are both profiled on www.wikipedia.com. I also enjoyed the Jeff Cooper interview though my trading style is more intermediate term oriented.
   
   I've read almost all the conversations with top trader type books. The problem is some of the traders interviewed ran into hard times. I wish someone would publish a book on those traders, where they went wrong, and what they could have done to prevent it.

5 comments about Getting Started in Online Day Trading.

1. I wanted a book that would take me step by step through all the technical day trader jargon and explain what all of it meant. Getting Started in Online Day Trading by Kassandra Bentley was just what the doctor, or in this case, the beginning day trader ordered. She takes a very solid approach to explaining what the stock market is all about, what day trading is all about, the procedures of doing day trading and the pitfalls of day trading.
   
   She is not shy in pointing out other books in order for you to gather good day trading information. This shows that she is very open to learning. Her book does a good job of not assuming that the reader already knows all about day-traderese. There are plenty of sidebar notes that refer to terms and phrases within each chapter. This is a very good way of reinforcing what you have just read. One specific area that was very clear in explanation are the terms bid and ask. While other books use these terms almost interchangeably and do not explain correctly who is the buyer and who is the seller, she does an excellent job of clarification on this subject. This point is probably obvious to old pros, but her insight that a beginner is not savvy to these nuisances is good thinking on her part.
   
   She also goes into some detail on charting and day trading methodology, but not too much in depth. If anything, this was the only negative about this book. However, after reading other books on day trading, I believe that this book is the most straight forward and understandable of all of them. The book is well thought out and very concise.



2. This book was a waste of money. It's meant for beginners that aren't familiar with the terms and concepts of stock trading in general. If you don't already know these terms or the basic concepts you shouldn't attempt to day trade. If you do know these terms and concepts, then this book is a waste. The day traders survival guide is a much better intro book and I highly recommend it over this one. Other recommended trading books to start you off are High Probability Trading by Marcel Link and Trading for a Living by Alexander Elder.



3. This book is ok for a trader that needs to start from scratch. But you will be needing more specific trading strategies.
   
   Keep in mind that the stock market doesn't really care if you are beginner. The rules and the trading opportunities are the same for every one. When you trade you compete against more seasoned traders, therefore you MUST go beyond the basics and employ a clear strategy to make your buy and sell decisions.
   
   There are many "fantastic" 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 stocktrader. Test, test and test again.
   
   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 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 your proven filter parameters like a clock, you can expect to start making serious amounts of cash on a consistent basis.



4. Regardless whether you're daytrading or not, it's full of layman's terminology in order to understand the complex nuts and bolts of trading in general. Yes, there can be information overload as one reviewer stated ... which is why I found this book invaluable. It's technical, without being stodgy and complicated. The sidebar definitions are fabulous for quick access to terms. I found it to be logically and succinctly organized ... and allows the reader to learn as little or as much as they need. Ms. Bentley states up front that daytrading may not be for the lighthearted, but even daytraders needed to start somewhere. With many individuals trading from their desktop computers, it's important to learn as quickly as possible with as much correct information as possible. Take one trade at a time, utilize the directions ... do the "faux" tutorials on other sites where you don't have to lose money. Then if you find daytrading IS for you, "Online Day Trading" can be your bible. Thanks greatly, Ms. Bentley ... it helped me considerably!



5. 1) If you have no money, don't invest.
   
   2) Don't invest money you can't afford to lose.
   
   3) You have to spend money to make money
   
   4) If you're poor don't even think of investing
   
   5) Thanks for buying my book now I'm richer.
   
   Thanks for the info Bentley.