Customer Reviews

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

5 star:		(6)
4 star:		(1)
3 star:		(0)
2 star:		(2)
1 star:		(2)

 

 

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.

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...

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!!

A must read for the active online trader. After-hours trading volumes continue to surge and this book shows you where to get your information and how to use it. Well done and highly recommended. I have been a broker for 15 years and it is the best book I've read so far.

This book seems to be written for investors who are new to trading afer-hours, but also gives some advanced strategies for more experienced traders like myself.

Although the liquidity in the after-hours market seems to be a bit light right now, this book gave me a good primer for different strategies for trading after-hours. I learned a lot from this book and also like the fact that it was not written in too technical of a manner. It made it very easy for someone simple like me to understand.

This is also the only book I am aware of to discuss after-hours trading.

When I first saw the title of this book, I wasn't quite sure what to expect. But the reason I was intrigued by it is because, as a traditional long-term investor, I have always placed my stock trades by calling my broker during the afternoons. The only problem is that it always takes time away from my full-time job during the day. So, needless to say, I wanted to learn how to place trades in the evenings, after I got home from work. Anyway, this book does a great job of explaining this concept in a clear and concise manner. If you are a traditional investor who has been wondering how you can participate in placing trades after-hours, I think you will find this book very helpful and thorough.

If you want to trade afterhours or simply considering it,you must buy this book. It is the best guide to afterhours markets. It is extremely easy to read and covers everything you need to know from start to finish. The strategy sections are some of the most unique that I have ever read

The information in the book is correct but it is outdated and does not inlcude anything new that a trader with any experience would not know already.

If you want a taste of how informative this book is, just read the book excerpt on the left. The writing style of the authors is fast-paced and extremely readable. There is a ton of information included in the book, including an entire chapter on the psychology of trading. If you even have a remote interest in after hours trading, you will not be disappointed.

Authors, keep up the good work!

I never quite understood what people meant by "leveling the playing field." After reading this book, I now know. It is very exciting to know how the averge person can have access to the stock market in much the same way as institutional investors. Also, I didn't understand what ECNs were and how they worked, but now I do. This book is a great overview of the stock market--where it's been, where it could be going, and the role after hours trading will play. I found the trading strategies discussed in the book valuable, too.