Can you think faster than the market? If so, you may have what it takes to profit from day trading. More and more professional traders are reaping rewards from market volatility. The money making potential for stock day-traders is equal to that of futures traders because of the favorable cost of entry. The electronic environment also provides great opportunities for success in this growing field.
Book Description
Editorial Reviews
From Booklist
Within the subject of investing, the big buzz is over day trading. A day trader is someone who establishes a market position at some point during the day but who exits the position before the close of day. Day traders make money by making a lot of trades that take advantage of even small fluctuations in price. They also have the benefit of not having to worry about events that take place after the market closes that may have an effect on prices. The volatility of the market and the ready market access afforded by online trading accounts have made day trading an attractive option. Abell is an executive with the Innergame Division of Rand Financial Services, a Chicago-based futures clearing member. His advice assumes a basic knowledge of the technology necessary for online investing. He provides step-by-step guidance on getting set up and describes various trading strategies and tactics. Abell emphasizes the need for a personal strategy and a business plan, stressing that no system is perfect. David Rouse
About the Author
Howard Abell is the chief operating officer of Innergame Partners, a division of Rand Financial Services, Inc., and CEO of Invest2Know.com, a financial educational Web site. He is the author of Risk Reward (Dearborn, 1998) and The Electronic Trading of Options (Dearborn, 1999). He is the coauthor, with Robert Koppel, of The Innergame of Trading (McGraw-Hill, 1993), The Outer Game of Trading (McGraw-Hill, 1994) and The Market Savvy Investor (Dearborn, 1999).
Product Details
Would you like to update product info or give feedback on images?
|
More About the Author
Discover books, learn about writers, read author blogs, and more.
Customer Reviews
|
Share your thoughts with other customers:
|
||||||||||||||||||||||
|
Most Helpful Customer Reviews
20 of 20 people found the following review helpful:
5.0 out of 5 stars
Best of the Electronic Day trading Books,
By A Customer
This review is from: Digital Day Trading; Moving from One Winning Stock Position to the Next (Hardcover)
I have now read all the electronic day trading books that are on the market and believe based on my knowledge of Wall St.(20 years) and my day trading experience(since1994)this is by far the best book on the subject.I say this for the following reasons: 1.Abell offers a day trading approach that is sensible based on calculated money management principles and market discipline. 2.His technical analysis is well reasoned and is executeable.His risk/reward formulations are viable. 3.His explanation of the level 2 screens and windows(which are often complicated)provides a significant benefit to the trader. 4. His writing style regarding market philosophy though simply written is extremely sophisiticated in terms of his understanding of the operations of markets. 5.The trader interviews are the best by far--The traders interviewed are much bigger and experienced traders than the ones in the "secrets"book. 6.Abell's understanding of trader psychology alone justifies the importance of this book and makes it well worth rerading. 7.The so called "filler" is information that comes in in my copy in the appendix(listed trading stocks and in my opinion valuable trading screen description)-after 200 pages of significant trading information.Compare this with only 150 pages in The Electonic Trader.In my judgement learning the lessons, techniques and understandings Abell has written about will certainly improve or fine tune anyones trading performance.
12 of 12 people found the following review helpful:
5.0 out of 5 stars
Best of the day trading books by a proven market-maker,
By A Customer
This review is from: Digital Day Trading; Moving from One Winning Stock Position to the Next (Hardcover)
As a long time Wall street market maker I am most impressed with Mr. Abell's general approach to the market as well as his specific methods for short term moves and market "swings".Abell's approach is sound because it is based on well proven strategies of risk and money management.His patterns are well calculated and tested.I found the overall organization of his book to be eminently readable as well as significantly infomative with knowledge that only a real professional could possess.In my opinion,based on 20 years of first-hand experience,this is the only book currently available that fully captures the psychological and methodological understandings of the professional trader. The chapters on technical analysis,though very competent, are a mixed blessing:there is too much information for the novice and the seasoned pro will crave more detail about Mr. Abell's elegant technical approach to day trading. The interviews with Kirchner,Jamail and Shallowitz--all seasoned pros-- are also highly infomative but in truth require some market knowledge to fully appreciate the subtlety of their thinking.Individuals with little or no experience may not realize how infomative these interviews are really as it relates to the imperatives of psychological considerations and risk calculation. I believe almost any trader or would be investor will benefit from reading Abells fine book.
12 of 12 people found the following review helpful:
3.0 out of 5 stars
Where's the beef?,
By A Customer
This review is from: Digital Day Trading; Moving from One Winning Stock Position to the Next (Hardcover)
The best parts of this book are the psychological considerations and the three interviews. However, Abell doesn't really give you a daytrading method. His charts and examples are either difficult to follow or contradictory. You will need to buy another book for actual daytrading tactics and for money management.I can't believe that Amazon doesn't show the table of contents so here it is: 1. The Day Trader's Advantage
Share your thoughts with other customers: Create your own review
|
|
Suggested Tags from Similar Products(What's this?)Be the first one to add a relevant tag (keyword that's strongly related to this product).
|
Sell a Digital Version of This Book in the Kindle Store
If you are a publisher or author and hold the digital rights to a book, you can sell a digital version of it in our Kindle Store.
Learn more
