Strategies for the Online Day Trader [Hardcover]

Fernando Gonzalez (Author), William Rhee (Author)

Book Description

Publication Date: June 28, 1999

Strategies for the On-Line Day Trader is packed with proven techniques and strategies to take experienced electronic day traders to the next level in their hunt for profits. It's all here: nuts and bolts explanations of technical and fundamental analysis. step-by-step explanations of SOES and ECNs. the inner workings of the NASDAQ level II screen ... everything.

Authors Gonzalez and Rhee outline key trading strategies -- shorting, scalping, and following the trend -- as well as the risk management tactics the pros use to protect their profits. Readers will discover:
-- Shortcuts to developing a personalized, highly profitable trading style
-- Trading methods from simple to advanced
-- Hard-won tips and insights from today's top traders

Editorial Reviews

From the Back Cover

Advanced strategies to master online trading--and write your own paycheck every day! Strategies for the Online Day Trader is packed with advanced techniques and strategies to help you become a high-energy professional electronic day trader. This step-by-step, nuts and bolts guidebook takes you beyond the basics to detail in-depth, proven techniques that experts use to study the market, determine in which direction it is headed--and lock in profitable trades every step of the way! In this action-oriented book, online trading veterans Fernando Gonzalez and William Rhee provide: blow-by-blow trading accounts that give you the anatomy of a profitable trade--and cut years off your learning curve! risk management techniques to stop losses short while letting profits run; tips and tactics for expertly negotiating the NASDAQ Level 2 screen; insights and shortcuts for SOES, SuperDOT, ECNs, and other electronic trading systems; expert insights of scalping, going short, following the trend, and other strategies of the professional trader.

Product Details

• Hardcover: 209 pages
• Publisher: Mcgraw-Hill (June 28, 1999)
• Language: English
• ISBN-10: 0071351531
• ISBN-13: 978-0071351539
• Product Dimensions: 9.6 x 7.4 x 1.1 inches
• Shipping Weight: 1.4 pounds
• Average Customer Review: 3.5 out of 5 stars  See all reviews (35 customer reviews)
• Amazon Best Sellers Rank: #1,640,707 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

29 of 33 people found the following review helpful:

1.0 out of 5 stars Another sales pitch type of book, August 17, 2000

By 

James Buckman (New York, NY) - See all my reviews

This review is from: Strategies for the Online Day Trader (Hardcover)

There has been a rash of sales pitches for expensive chat rooms and seminars disguised as books (see Velez' poorly written "Master Day Trader" book for another example) and This is another one.

The book has a nice cover, great graphics. "Don't judge a book by its cover" fits perfectly. There was nothing advanced in this book, a lot of simple "how to look at a trend" type of information. Nothing on market maker plays or time & sales strategies.

Another disappointing sales brochure disguised as a book by OTA. It's almost as bad as their level 2 spiral bound notebook (not quite as bad, at least this one doesn't have all the typos). Let's encourage book writers to Not promote their websites' highly overpriced services via their books... anyone with me on that?

Look at books by T. Turner and J. Cooper instead... also check out Friedfertig/Nassar for good introductory books.

27 of 31 people found the following review helpful:

1.0 out of 5 stars Poorly written rehash of the basics, December 29, 1999

By 

"daytradinguniversity" - See all my reviews

This review is from: Strategies for the Online Day Trader (Hardcover)

This book is very basic, hastily written and offers absolutely no advanced trading tips whatsoever. Read Tony Oz' "Stock Trading Wizards" for a solid advanced day trading book. Our traders at Daytrading University, trainingaloha.com, benefit from good books, but I do not recommend this title as it offers nothing that could benefit anyone but the greenest of traders. 'Daytrading Into the Millenium' by Turner is also good, as are the Schwager's 'Market Wizards' books. If you buy this, you'll return it like I did. Flipped through it in 30 minutes and said 'so what's new?'. Can't blame these guys for trying to cash in on the daytrading phenomenon, I just wish they'd produce a meaningful or insightful book. This one's a dud.

24 of 28 people found the following review helpful:

1.0 out of 5 stars This book is better than Pure Gold!, January 12, 2000

By 

Day Trader - See all my reviews

This review is from: Strategies for the Online Day Trader (Hardcover)

For the authors that is. There is nothing in this book that you will not find in the book Electronic Day Trading Made Easy by Misha Sarkovich, which is about half the price of this book. Misha's book covers all that is in this book and a lot more. Do not buy this book.