Customer Reviews

The Complete Idiot's Guide to Daytrading Like a Pro, 2E

5 star:		(5)
4 star:		(3)
3 star:		(0)
2 star:		(3)
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This book is about a great topic ~ Day Trading. The author(s) seem to be relatively knowledgable but fail miserably to "make it happen" in this book. Full of spelling mistakes, capitalization & sytax errors, and very bad cliches, it is hard to find a chapter with reasonable, intellectual flow. The graphics are poor and there is absolutely NO COLOR GRAPHS which are vital in reading Level II NASDAQ tools. In short, I have read it and would not recommend it to anyone with higher than a fifth grade education. In fact, it is the worse book on the topic I have yet to read.

Great explination of trading terms and mechanics. If you're looking for a place that will give you a system, read somethng else. I thought it was great because I'm considering doing some practice daytrading and this was an excellent confirmation of all the information I've read on the internet. I've read a couple of other books, but they were mostly anicdotes or someone pushing thier $3000 training system on you. This is the book to start with.

Just as the title suggests, it is a book for idiots only. I have to admit, I was an idiot for buying this book! I ordered this book along with Street Smarts, Hit & Run Trading, Stock Trading Wizard, and Day Trading into the Millennium. I recommend any of the other books as a much, much better choice.

Why is it that amazon does not discount the GOOD books?

This book is perfect for those of use who wan't to just get to know a little more about daytrading. Other books on the topic are much more advanced and assume that you already know a whole lot. This book is great for learning terms, concepts, and the basic ins and outs of the daytrading world. Beware of some typos and mistakes throughout. Otherwise, an excellent book.

I think it's an excellent starter book for a novice day-trader. It defines a lot of relevent terms and gives the reader an overview of the trading world-Both about us and the professional, liscensed trader. If you study these chapters, you will defenitely SOUND like an intelligent and sensible day-trader.

The ONLY thing I don't agree with is the unimportance of the Level II screens, as the author purports. I think that level II screens are vital to know what the marketmakers real intentions are behind a stock. Does anyone concur?

(For those in the viewing audience who don't understand the last chapter, just pick-up this book!) I haven't finished reading the book, yet, but I think it's a terrific confirmation of what to expect as you begin to daytrade.

First of all, the title of this book is PRICELESS. If I was a complete idiot (and I'm not far from it), I would want to start day trading and as a matter of fact, I did just that.

About half the information in this book describes the workings of the stock market. The other half goes into some information abou the ins and outs of day trading. I'm sorry, if you're going to start to day trade, shouldn't you already know about how the NASDAQ and NYSE work? Why spend half the book talking about it?

Anyway, I read the book and entered one of those mock stock market games. They gave me $500,000 and a margin account so that I can trade up to $1,000,000. The game was not really geared toward day trading, there were different limitations and they couldn't offer Level II quotes (for a free game) so I had to "Swing Trade". I kept some positions overnight but I used the techniques mentioned in this book. So, the result (drum roll please): I started with a half million, I ended with $365,000 (a $135,000 loss). I came in 3,700th place (ouch!).

Ah well, To All Idiot's Out There: Don't try this at home! :-)

This book is a great introduction on how to become a day trader. It answers a lot of questions that the aspiring day trader may have. More of a day trading manual than a day trading text book.

Recently I decided to try short-term trading. Soon I realise that I need to learn more. What is going on behind bid/ask postings, how to read and interpret Level II quotes, what is Naqdaq TotalView, what advance platforms are available today, etc? So I went to local bookstore and browsed through the section. Didn't find anything satisfactory so bought this book as a temporary solution. After an hour of reading I decided to write my first book review on Amazon.com. This is simply the best book I could hope to find on the subject: precise, structured, brief yet informative, state-of-the-art information. Excellent book overall. I highly recommend this book for beginners and may be even more experienced traders that didn't keep up with the latest advances. My only complain is that the indexing is not detail enough.

If your stock market experience is limited, this book will serve as a good introduction. The material is basic and presented in an easily understood format.

New edition just out. More sensible approach, and updated. Definitely worth the money, especially for new traders.