The After-Hours Trader: How to Make Money 24 Hours a Day Trading Stocks at Night [Hardcover]

Michael Sincere (Author), Deron Wagner (Author)

Book Description

Publication Date: August 29, 2000

Recommendation: Read Michael Sincere's latest book: All About Market Indicators (McGraw-Hill) or Start Day Trading Now (Adams Media).

Editorial Reviews

Review

Recommendation: Instead of reading this outdated book, read Michael Sincere's latest book: All About Market Indicators (McGraw-Hill) or Start Day Trading Now (Adams Media). 

From the Back Cover

Recommendation: Read Sincere's newest book, All About Market Indicators or Start Day Trading Now. 

See all Editorial Reviews

Product Details

• Hardcover: 276 pages
• Publisher: McGraw-Hill Companies; 1st edition (August 29, 2000)
• Language: English
• ISBN-10: 0071362665
• ISBN-13: 978-0071362665
• Product Dimensions: 9.2 x 6.2 x 1.1 inches
• Shipping Weight: 1.2 pounds
• Average Customer Review: 3.6 out of 5 stars  See all reviews (11 customer reviews)
• Amazon Best Sellers Rank: #661,846 in Books (See Top 100 in Books)
  • #92 in Books > Business & Investing > Industries & Professions > E-commerce > Online Trading

More About the Author

Michael Sincere (www.michaelsincere.com) is the author of a number of investment and trading books, including Understanding Stocks (McGraw-Hill, 2003) the bestselling Understanding Options (McGraw-Hill, 2006), All About Market Indicators (McGraw-Hill, 2010), and Start Day Trading Now (Adams Media, 2011).

Sincere has written hundreds of columns and magazine articles on investing and trading, including a monthly column for MarketWatch called "The Rookie Trader." He has been interviewed on dozens of national radio programs and has appeared on several financial news programs such as CNBC and ABC's World News Now! to talk about his books.

Customer Reviews

Most Helpful Customer Reviews

23 of 23 people found the following review helpful:

2.0 out of 5 stars The Price Reflects The Content, November 25, 2000

By A Customer

This review is from: The After-Hours Trader: How to Make Money 24 Hours a Day Trading Stocks at Night (Hardcover)

The discounted price of this book reflects its content. For $15 it is worth the read but not much more.

One problem this book has is that it repeats information across chapters. If this repetition was removed, the size probably would be reduced by 50 pages, if not more. A sizeable amount of historical information takes up many pages. Some of it is interesting, and some of it isn't. You will have to decide for yourself. My feeling is that the author should have replaced a portion of it with screen captures related to other things, rather than write a lot of filler.

A second problem is that much of the information is dated. All authors of trading and investing encounter this same problem. The book was written when a year ago there was a raging bull market. Since the market correction (really, a crash) earlier this year, volume has declined during regular hours and after hours. This lack of liquidity in the current bear market makes it more difficult to trade after hours.

Lastly, as an actual trader, I can tell you that no beginner should be trying to trade in the after hours market. It is ironic that many newcomers want to trade after hours because of their full time job commitment.

Would I recommend this book? Yes, but with reservations. I believe anyone who intends to be successful at trading should read as much as possible. New traders should buy it, be entertained, and learn a few new things about this specialized area of trading.

15 of 15 people found the following review helpful:

1.0 out of 5 stars A total waste of your money and time, November 22, 2000

By 

Allard (Holland) - See all my reviews

This review is from: The After-Hours Trader: How to Make Money 24 Hours a Day Trading Stocks at Night (Hardcover)

I once visited a daytrading firm here in Holland, were simply ALL the traders were loosing money. I wasn't too suprised, the traders were just beginners and simply hadn't yet acquired the needed knowledge and skills to succeed. I spoke to the manager about this, he told to me: "Well, if trading isn't going to make us money, we can still write a book and earn money that way !". I think that the writer of this book belongs to this category of 'traders'. This book consists of 270 pages, from which 220 are filled with total useless information. The other 50 pages can be usefull, but only if you're a complete beginner and in that case I strongly advice you to read some other books like "The market maker's egde" from Lukeman, which gives a beginner much more usefull information than this one.

Just a few examples:

10 pages are dedicated to 'selecting a broker', but the brokers they review are all online brokers instead of direct access brokers ! They don't even talk about direct access brokering !

One page is dedicated to the difference between "real time news" and "delayed news" ! I just can't believe that they actually assume that the reader doesn't know that 'free news' is delayed news !

I bought this book because I hoped to see some strategies focused just on the after hours market. Only 30 pages of this book are dedicated to these kind of strategies and are called 'Advanced strategies for the after-hours market'. Wow ! Let's see how advanced these strategies are: "Arbitrage the various ECN's", why didn't I think of this one ! "Observe the price at which orders are being executed", wow, didn't know that this was important ! "Always compare the prices with those at other ECNs to look for conformation", geee, thanks Mister Michael Sincere, I just never thought of this one before !

I can go on and on with these examples, the book is full of it. The writer assumes you're a complete beginner ... Maybe if you're both, this is the book for you indeed. Anyway, I returned this book, it was my first book ever that I had to return...

4 of 4 people found the following review helpful:

2.0 out of 5 stars Hardcover Softball.., November 5, 2000

By A Customer

This review is from: The After-Hours Trader: How to Make Money 24 Hours a Day Trading Stocks at Night (Hardcover)

I was really disappointed in this book. I read his other one.."Long Term Daytrader", which I liked. That was a softcover, while this is a hardcover. I think what most of these authors are doing now is being redundant and just filling space to make the extra pages for a hardcover, so they can get the extra money. So far I've found the most knowledge in the softcovers..and at a better price too! For my money, Toni Turner's "Beginning Guide to Daytrading Online" was a MUCH better read, and was more informative too. It won't tell you much about Afterhours, but it'll give you as much or more trading savy for less money! Not as redundant either. Authors please...if you can't fill a Hardcover..don't!!