The Compleat Guide to Day Trading Stocks (Hardcover)

by Jake Bernstein (Author) "If you bought this book in search of the Holy Grail, then you bought the wrong book..." (more)
Key Phrases: nth profitable opening, intraday price swings, stock day trading, Commerce One, Gap System, Long Trades Total (more...)

Editorial Reviews

Product Description
Day trading is Wall Street's hottest trend and, in The Compleat Guide to Day Trading Stocks, famed futures trader and author Jake Bernstein turns his attention, knowledge, and experience to the exciting world of stock trading. Bernstein covers timing systems, trend following systems, breakout systems, and more--all illustrated with chart examples based on intra-day time frames, and supported by results from his meticulous, historically accurate back testing.

Basic enough for novice traders--yet with enough detail for the most demanding market veterans--Bernstein's book gives day traders the tools they need to succeed in this fast-paced, relentless market. Special attention is given to:
• Day trading the technology sector
• Risk management and diversification
• Little-known nuances of order placement Jake Bernstein (Northbrook, IL) publishes MBH Weekly, a newsletter covering the commodities and futures markets. Author of The Compleat Day Trader and Strategies for the Electronic Futures Trader, Bernstein is a popular speaker at trading seminars and regularly appears on radio and television.

From the Back Cover
From the bestselling author of The Compleat Day Trader

A Thorough, Real-World Education in Successful Stock Day Trading--From Famed Futures Market Analyst Jake Bernstein

"No sensible person would think about getting into the cockpit of an airplane and attempting to fly without lessons. In order to achieve success, you must begin with a minimal skill level. And most day traders haven't the slightest idea how to win at the game…."--Jake Bernstein, The Compleat Guide to Day Trading Stocks

The Compleat Guide to Day Trading Stocks will give you more than just an idea of how to play the game correctly. This fast-moving guide to the tactical, technical side of day trading is filled with innovative methods, techniques, and systems--many adapted from Jake Bernstein's own proprietary methods, systems, and indicators. Using specific examples, illustrations, and discussions, supported by clear, concise charts and historical tests, Bernstein--one of the best-known voices in the futures industry--explains how to design and implement your own stock day trading system and methods using:
• Timing, trend following, and breakout systems
• Chart patterns
• Stochastics
• Support and resistance concepts
• Gap methods
• Hit-and-run trading
• Oscillators
• One-hour breakout signals and parameters
• Computerized short-term trading
• MAC methods
• and more With the right system and risk management, stock day trading can be exceptionally profitable. Get the facts and figures on exciting day trading breakthroughs--combined with hands-on guidance from one of today's leading market experts--in Jake Bernstein's The Compleat Guide to Day Trading Stocks.

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Product Details

• Hardcover: 216 pages
• Publisher: McGraw-Hill; 1 edition (August 30, 2000)
• Language: English
• ISBN-10: 0071361251
• ISBN-13: 978-0071361255
• Product Dimensions: 9.2 x 7.5 x 1 inches
• Shipping Weight: 1.6 pounds (View shipping rates and policies)
• Average Customer Review: 3.8 out of 5 stars See all reviews (12 customer reviews)
• Amazon.com Sales Rank: #574,099 in Books (See Bestsellers in Books)

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Customer Reviews

Most Helpful Customer Reviews

8 of 8 people found the following review helpful:

5.0 out of 5 stars For those willing to work at day trading., March 14, 2001

By A Customer

This is an excellent book. I would recommend this book to anyone who is willing to work at day trading. This isn't a book that promises riches in a few easy steps. At the start of the book, the author writes: "If you seek success as a day trader, you'll have to make your money the good old-fashioned way: you'll have to do some work."

In addition to doing a good job of providing an overview of several technical indicators (including lists of the PROS and CONS of each one), the author devotes several chapters to detailed explanations of various approaches.

He also provides information on (the indispensable idea of) system development, practical considerations of day trading, and the psychology of day trading.

Again, to anyone who is serious about day trading, I would HIGHLY recommend this book.

5 of 5 people found the following review helpful:

5.0 out of 5 stars Compleat Guide to Day Trading Stocks, March 18, 2002

By	Richard "weidlin" - See all my reviews

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!

9 of 11 people found the following review helpful:

2.0 out of 5 stars Disappointed! Too simple, sometimes naive, September 16, 2002

By	ServantofGod - See all my reviews (TOP 500 REVIEWER)

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.