The How to Get Started in Electronic Day Trading Home Study Course [Paperback]

David S. Nassar (Author)

Book Description

Publication Date: April 27, 2000

This set consists of three closely integrated parts: a workbook, 12 hours of audiocassete tapes and a CD-ROM. Each of the three components is cross-referenced with the other parts to provide a complete and comprehensive at-home seminar'

Editorial Reviews

Amazon.com Review

Only a small percentage of those who try day trading achieve success because most are undercapitalized, lack discipline, and have little idea how much knowledge and experience are required. For the determined newcomer, David S. Nassar's How to Get Started in Electronic Day Trading Home Study Course is a comprehensive immersion that includes a well-written workbook, 10 hours' worth of audiocassettes, and a CD-ROM. Nassar, author of the book How to Get Started in Electronic Day Trading, is a trader who heads a brokerage firm offering electronic trading as well as training. He writes, "My task here is to teach you to play with fire without getting burned."

The workbook presents an overview of the markets and introductions to electronic direct-access trading (EDAT), indexes and indicators, and technical analysis. Also included are detailed explanations on how to pick tradable stocks (are you a specialist, scalper, or shepherd?); trade the news (earnings, splits, economic announcements); and profit from going short ("trading the bear inside you"). The chapters on market psychology and money and mind management are particularly astute ("The Emotional Bank Account Is Funded by Attitude"), and all are cross-referenced and reinforced in the corresponding audio tapes. The CD-ROM includes effective audio-visual presentations on the components of an EDAT trading platform, the analytical tools, trading mechanics and execution methods--most illuminating are the trades the author navigates, tick by tick, on NASDAQ level two.

In all, Nassar has done an admirable job of creating a thorough introductory training course, and his enthusiasm and passion for markets and trading are infectious. Those serious about learning to trade successfully will find this an effective--and hopefully profitable--introduction. --Scott Harrison

From the Back Cover

A Complete Strategy Guide - with CD-ROM and Audiotapes - to Learn Battle-Tested Techniques that Get Results!

David S. Nassar's How to Get Started in Electronic Day Trading Home Study Course - the most comprehensive electronic trading home study course available - teaches trading strategies of Wall Street pros! This workbook, closely integrated with the course's Cd-ROM and audiotapes, will show you precisely how to blend the stock market with the Internet and your own computer to stand shoulder-to-shoulder with traders worldwide. Regardless of the prevailing market senitment, its techniques and strategies will help you take advantage of the profit opportunities that exist every trading day.

The number-one rule for electronic trading success is to "get the knowledge" you need. Let David S. Nassar act as your trading mentor as he shows you how to:

*Learn the rules of today's E-DAT marketplace *Trade news events like earnings, stock splits, and more *Learn to do research to select stocks to trade *Access market liquidity in as little as one second! *Trade with NASDAQ market makers and listed exchange specialits *Maximize profits while limiting risk *Use basic technical analysis - with detailed chart formations - to spot momentum and profit opportunities *Dump unwanted shares instantaneously *Learn strategies for bull, bear, and sideways markets

If you hae a passion for the market - and a willingness to do the research to take control - E-DAT is the answer. Use this straight-talking workbook to help you fully understand the tps and techniques in the audiotapes and CD-ROM, and hit the computer screen with the knowledge and confidence you need to cut your losses - and let your profits run!

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Product Details

• Paperback: 283 pages
• Publisher: McGraw-Hill Companies (April 27, 2000)
• Language: English
• ISBN-10: 007135266X
• ISBN-13: 978-0071352666
• Product Dimensions: 12.7 x 10.3 x 4.8 inches
• Shipping Weight: 4.7 pounds
• Average Customer Review: 3.6 out of 5 stars  See all reviews (12 customer reviews)
• Amazon Best Sellers Rank: #2,804,156 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

12 of 13 people found the following review helpful:

5.0 out of 5 stars What a Great Start!, August 21, 2000

By A Customer

This review is from: The How to Get Started in Electronic Day Trading Home Study Course (Paperback)

This guy is honest, period! He tells it as it is. Nassar never makes claims that day trading is easy or that the course will deliver trading results, but instead teaches the mechanics of day trading. I got more from this course for $300 dollars than two solid years of trading. I only wish I had taken it sooner. I also saw this guy trade at the Ontario Trade show with live capital. He made $1700 right in front of 10 people in less than than 10 min. That was really cool watching a man walk his talk!

Buy this course, it is undervalued and delivers so much.

14 of 16 people found the following review helpful:

3.0 out of 5 stars You can make it using a simpler approach, November 16, 2005

By 

Morning rally - See all my reviews

This review is from: How to Get Started in Electronic Day Trading (Paperback)

I like some of the ideas presented by Mr. Nassar, however i think he needs to update his book and get a little bit more practical.

When you make a trade either your going to lose money or your going to make money, and some other times you will break even. When you win some body else will lose and so forth, but that's NOT what's important.

The most important aspect in day trading is the knowledge FILTER you employ to make your buy & sell decisions. There are many "fantastic" strategies outhere, but you need to test them in order to discover which ones help you the most.

Complicated strategies that rely on a "boat load" of technical indicators can make you slow, and being slow in this game can be as dangerous as not knowing what to do in the first place.

I think the worst thing that can happen to a beginner day trader is to get information overload. It's better to go step by step, and test a simple strategy that can show you how to focus on concrete ways to make money.

Fortunatly there are some good sites on the web today that can show you how to trade stocks in practical and effective ways. One of those sites is Stress Free Traders ( StressFreeTraders com )

In the end, stock investing & trading is all about buying and selling according to your knowledge FILTER. Once you master and follow youre proven filter parameters like a clock, you can expect to start making serious amounts of cash on a consistent basis.

8 of 10 people found the following review helpful:

1.0 out of 5 stars Bad Book by an Excellent Author, March 18, 2006

By 

Andrew P. Kasch "Andrew Kasch Publishing dot com" (California USA) - See all my reviews
(REAL NAME)   

This review is from: The How to Get Started in Electronic Day Trading Home Study Course (Paperback)

Maybe "bad" is a bit harsh. David Nassar is a real and successful trader, and a guy who has years and years of experience training and managing highly successful traders to boot. He writes great articles for Active Trader and Futures magazines, and has written another book that I consider to be five-star outstanding.

But this book is disappointingly basic. It focuses on the mechanics of how trading is done and gives very little, if any, actual trading methodologies. A quick look at the table of contents and you will get the overview. It seemed to me like half the book was discussing how an order is placed!

Perhaps part of the problem is being outdated. Deciding how to route an order these days is a very insignificant factor in daytrading; the days of the SOES bandits are long, long gone. Broker's trading platforms now use smart routing technologies to get the best fill, and as a sharp trader you are using limit orders on stocks that have a 1 cent spread anyway. I suppose this was written back when you could take advantage of price differences between ECNs and Market Makers.

Your time is much better spent reading his other book, Rules of the Trade, where you can actually learn a few things and become inspired.

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