Customer Reviews

The Long-term Day Trader: Short-term Strategies to Boost Your Long-term Profits

5 star:		(8)
4 star:		(1)
3 star:		(3)
2 star:		(1)
1 star:		(1)

 

 

I was never really interested in trading, but wanted to learn a bit about it so I decided to pick up a copy of this book since it looked like it might bridge the gap between investing and trading. The writing style is very accessible and the authors clearly discuss the diferences between trading and investing. In this respect, it met my expectations. However, I felt that the book was nothing more than a set of "rules of thumb" that were cobbled together in a book. I certainly enjoyed the read, but the lack of well defined rules makes me reluctant to try the methods discussed. I was even more disappointed to find that the authors mention that these methods are "statistically proven", but never present any of these proofs. If you are interested in learning more about trading this book might be worth a quick read, but I'd recommend finding something more technical if you really want to take a quantitative approach to trading.

After years of trading I stumbled on the same techniques described in this book. My trading portfolio is up 250% this year! There are some gems of wisdom that make this book extremely useful; if I had read Oliver Velez's (Pristine.com) interview a week earlier I would have saved thousands with some of his rules. This book is a broad view of a trading style; you have to determine your own preferences of technical indicators that suit you however. This book can jumpstart you to a successful trading style. BTW, by long term they mean 2-5 days.

I had been thinking about trying to learn more about online trading when I saw the authors on ABC World News Now. They seemed to know what they were talking about and talked in plain English instead of 'insider' jargon. And that's how they wrote their book, too.

Not having a lot of experience with the stock market previously, their book taught me 'from the bottom-up,' so to say, by introducing and explaining basic investing concepts before addressing the online aspect and their own philophy toward long-term day-trading.

I like the calculated, intelligent approach they advocate as opposed to advancing a high pressure, sure-fire get rich quick scheme which some other books I'd browsed seem to propose.

The book made me feel more confident in my decisions, and even helped me feel more confident simply discussing the stock market and investing.

The best thing one can say about a book is that you've recommended it to others, and I've done so with several family members and friends. I also highly recommend it to anyone considering entering day-trading. This book will show you the 'slow and steady' wins the race philosophy that will continue bringing you returns after the get-rich crowd are jumping onto the next bandwagon!

If you are unfamiliar with day trading, then this book provides a solid conceptual overview for you. If you already know the basics and are looking for something with more specifics and greater mathematical vigor, then this isn't the book for you.

The book is well-written and easy to read. The continual focus on using computers and the Internet got to be tiresome, but this is primarily due to my background in both subjects. Others should find his coverage of these topics worthwhile.

Overall, a nice intro book that leaves a craving for more detailed information. Hence, this is not a book I would carry around as a reference or a guide.

If you're just an investor..or even someone who THINKS he's Day Trading now, this book will be a "revelation" for you! I compare it to how when you were young and you thought you knew all about the game of baseball, just to find out later about all the little "nuances" that are used in the professional game. And the main thing they stress is not so much making money...but not to LOSE it! READ IT!

This the type of book that benefits one early in one's trading process and merits re-reads after more experience. While there is very little from the technical point of view, the practical, "real world" advice rings very clear. People often buy books that are too complicated for their current level of understanding. Accordingly, they acquire more "knowledge" but not more understanding. Confusion can lead to a lot of lost money in trading. Thankfully, this is not such a book. It deserves a permanent place on the traders and investor's bookshelf.

Most books that I have read are written for either traders orinvestors. This book successfully defines a new type of marketparticipant, The Long Term Daytrader. It has great insightfulinterviews with Wall Street's newest stars. I'd recommend this book for anyone who has money in the market whether it be individual equities or mutual funds.

There are so many investment books on the market that are overly technical. This book was easy to read and it's concepts easy to implement. This book brings common sense to the world of short term trading.

The worst trading book I ever purchased. The book is full of catch phrases and waffles page after page. Example: more than 100 pages of advice such as:
Don't trade scared (1 full page)
Be patient (1 full page)
Trade like a robot, wothout emotion (1 full page)
Always have a profit goal (1 full page)
etcetera
The book does not show any examples of successfully backtested strategies. Better go for "Trade like a Hedge Fund" from J Altucher.

This book is a real gem for beginners, it gives lots of great tips without the egotistical mumbo jumbo.