Customer Reviews

The New Electronic Traders: Understanding What It Takes to Make the Jump to Electronic Trading

5 star:		(7)
4 star:		(1)
3 star:		(0)
2 star:		(0)
1 star:		(5)

 

 

This book is a joke. From Omar Amanat to the entire list of clowns that day trade in this book, it is awful. Don't most of these guys work in the same office? So now what? Every day trading firm is going to get all their traders together and make an absolutely USELESS book? This book has no value to it whatsoever -- not even some trite 'ride your winners' phrases with some personal explanations. I would much rather recommend Strategies for the Online Day Trader by Gonzalez and Rhee which is an incredibly helpful book with REAL strategies. The only people making the JUMP here are the bozos that are quoted -- and they are jumping YOU for your money! Don't buy it, don't read it and don't waste your time on this one. I rate it -10 out of 5 stars. YECH!

and the result is garbage.

i found chapter 8 with kirk kazazian helpful is understanding how bloated egos day traders have. Kazazian 's trading is only slightly better than results achieved through random chance, with a much greater risk factor.

This book is basically 13 interviews with some so called electronic traders boasting their success, and only success, with no desription of how they trade, what system or strategy they use, their competitive edge over other traders (they do mention online traders frequently), when to enter or leave a trade, their handling of loss, and simply nothing of what the title says: "understanding what it takes to make the jump to electronic trading". They are sheer momentum traders (or emotional traders to be exact) who, judged from what they said, resemble those gamblers on the baccarat table placing their bets on the winning streak of the others.

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As Jonathan R. Aspatore is quick to point out, the traders referred to in the title of his book are not the millions of people trading stocks online. Instead, they are a more sophisticated bunch with arsenals of DSL lines and Nasdaq Level 2 screens. Does that mean they are more successful than their counterparts on the World Wide Web? Aspatore says they are. He offers more than a dozen question-and-answer sessions with upbeat electronic traders who are jazzed by their own success. Not answered is this: If electronic traders have a competitive advantage over online traders due to better technology and information, what kind of an advantage do Wall Street trading houses have over individual electronic traders? We recommend this book to prospective day traders as a source for plenty of useful trading insights, but with this advice: Seek a cautionary note somewhere else.

Finally an insiders book on day trading. This book has great individuals featured in the book and is the first book on day trading I have read that was not extremely theory based.

"1 star" was a gift. This book was worthless for anyone serious about trading. Not a bit of specific strategy only lots of fluff about how much money these traders have made. Furthermore, it reads like an info-mercial for Tradescape, a day trading company, where it just so happens all the interviewed traders trade. If you are looking for a book that puffs only the upside potential and glory of electronic trading then this one is for you.

This book was incredibly helpful as I start my day trading career. It opened my eyes to a lot of things and gave me some really good pointers to compete with anyone. Especially enjoyed Chapter 8 with Kirk Kazazian. Chapter 13 was also really helpful.

This book was an incredible help to me as I began my career as a day trader. The advice of the traders was absolutely key. It also helped to have the perspectives of a number of different traders all at the same firm. Each one had different suggestions on how to make winning trades. Now that I have learned more about the industry, Tradescape is also the leader in day trading technology-which is an even greater reason to buy this book. It is also very helpful that the content is "straight from the traders", which means it is not glossed in any way. A truly great, high-quality book for day traders.

As a day trader, I found this book pretty interesting. It is always good to hear the way fellow traders are thinking and pick up little pieces of advice. This book is definitely worth reading for a beginner or advanced day trader. I enjoyed it quite a bit.