Electronic Trading Guide for NASDAQ Level 2 [Ring-bound]

Online Trading Academy (Author)

Book Description

Publication Date: July 1, 1999

The author, Online Trading Academy , January 19, 2000

Learn to trade the electronic NASDAQ using Level 2 screens. Online Trading Academy has put this manual together to teach novice investors how to direct electronic trade the NASDAQ using the now popular Level 2 screen.

This book does not have fancy binding or lettering. If your looking for that then dont buy this book. This book was written in a manual style format to teach you how to trade the NASDAQ using an electronic execution system.

There is no fluff in this book. Its simple, straightforward, and to the point. Keep this guide next to your computer and have it handy. You will refer to it on many occasions to keep you on track.

Online Trading Academy has been teaching individual investors how to trade stocks on a short-term and intraday basis. In the past two years, OTA has taught over 1000 students. I can personally tell you this is not an easy task to learn. It requires a tremendous amount of skill, dedication, hard work, extreme discipline, risk management, and persistence.

Trading the NASDAQ is one of the most challenging experiences in your life. As a day trader, I have seen many people make money and many people lose money. And the clear distinction why most people fail is because their lack of trading knowledge and discipline. Trading knowledge is your most valuable form of capital. So read this book a few times before getting started. It could save you thousands of dollars.

If you really are ready for the move to electronic trading and would like a guide to walk you through step-by-step on the techniques and strategies and dont mind the manual style format then I recommend this book for you.

Good Luck and Happy Trading

Jorge L. Jimenez, Admissions [e-mail]

Editorial Reviews

About the Author

The Online Trading Academy has been educating individuals in the art of day trading since June 1997. Our training courses offer a complete education and training experience focusing on investing and/or day trading fundamentals, risk control, and highly-developed skills of execution. These courses are taught by our own top-notch full time instructors, David Janti, Kevin Green, Merlin Rothfeld, Spencer Sheldon, and Mike McMahon, with a support staff of various trainers and other staff.

Product Details

• Ring-bound: 107 pages
• Publisher: Day Trading, Incorporated; 3rd edition (July 1, 1999)
• Language: English
• ISBN-10: 096681150X
• ISBN-13: 978-0966811506
• Average Customer Review: 3.1 out of 5 stars  See all reviews (15 customer reviews)
• Amazon Best Sellers Rank: #3,779,556 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

66 of 67 people found the following review helpful:

1.0 out of 5 stars MISLEADING!!!, July 26, 1999

By A Customer

This review is from: Electronic Trading Guide for NASDAQ Level 2 (Ring-bound)

POORLY EDITED AND LACKING DETAIL. TO DATE I HAVE READ, "HOW TO GET STARTED IN ELECTRONIC DAYTRADING," "THE ELECTRONIC DAY TRADER," "TRADING ONLINE," "ELECTRONIC DAYTRADERS SECRETS," AND "THE DAYTRADERS ADVANTAGE." "ELECTRAONIC TRADING GUIDE FOR NASDAQ LEVEL 2," WAS BY FAR THE WORST BOOK OF ALL.

IF YOUR LOOKING FOR A BOOK ON HOW TO READ A LEVEL 2 SCREEN OR ON DAY TRADING TECHNIQUES IN GENERAL, DO NOT BUY THIS BOOK. FIRST OF ALL, THERE ARE ONLY 4 PICTURES OF LEVEL 2 SCREENS AND ONLY 1 OF THEM IS IN COLOR (THE COVER). HOW CAN YOUR TEACH PEOPLE HOW TO READ A LEVEL 2 SCREEN IN BLACK AND WHITE? YOU'D THINK YOU WOULD AT LEAST GET COLOR.

THE AUTHOR STATES, "YOU WILL LEARN TO TRADE THE ELECTRONIC NASDAQ USING LEVEL 2 SCREENS." HOW MISLEADING! YOU WILL NOT LEARN HOW TO READ LEVEL 2 SCREENS WITH THIS BOOK.

27 of 27 people found the following review helpful:

2.0 out of 5 stars OVERPRICED!!!!!! Very elementary, July 2, 1999

By 

[e-mail] (Louisiana...USA) - See all my reviews

This review is from: Electronic Trading Guide for NASDAQ Level 2 (Ring-bound)

DO NOT READ THIS BOOK AND THEN START DAYTRADING!! While this book explains what daytrading is and some basic points about the trade, it does not, REPEAT...DOES NOT explain what will be displayed on Level 2 screen and how to interpret market maker moves..THIS IS CRITICAL or you will lose a lot of money fast.. I read Nassar's book and Friedfertag's first book first and the market maker movement is explained pretty well in both of them. None of this is detailed in this book. The information is good but not nearly sufficient to start trading....thus the book is priced about twice what it should be.

18 of 18 people found the following review helpful:

1.0 out of 5 stars i wasted my money, you still have a chance not to, January 26, 2001

By A Customer

This review is from: Electronic Trading Guide for NASDAQ Level 2 (Ring-bound)

I was looking for a good intro to Level 2 and so bought this book, despite some of the reviews I read here. I don't consider it to have been a good use of my money. What's in this book is so elementary that it's of little or no value. Of course, you might be thinking that elementary is just what you're looking for. That's what I thought when I decided to buy it. But what I'm saying here is that what's in this book is really, really elementary---too elementary. Such as: they tell you what an up-trend is, and give a diagram---it's a stock chart that has the price moving up over time. Up-trends, we're told, are good for making money. Down-trends, we're told, are stock prices that are moving generally lower over time, and there's a chart to illustrate this. Down-trends, we're told, are to be avoided by traders.

What I was really looking for was an explanation of how to decipher and use the Level 2 screen when buying/selling my stocks. I usually buy/sell in fairly large chunks (500-1000 shares) and I was wondering if the Level 2 screen could help me time the trades a little better and get better executions. Given the title of the book, it seemed like a fair assumption that I could get some insights into this from this book. But on the subject of Level 2, there was just the most basic description, basically just identifying parts of the screen. Very little other than that.

Overall, the book seems padded to me, with just the most elementary information and some extraneous material to fill it out. In thinking about who the book might be useful to, I couldn't really think of anyone I could recommend it to. It's a little hard to believe they have the nerve to charge this much money for what the work they have done here.