Day Trading Systems and Methods [Paperback]

Charles Lebeau (Author)

Book Description

Publication Date: April 1, 1999

Using your computer to Day Trade has never been more popular. But it can also be risky business. Benefit from the simple truths LeBeau and Lucas provide - and stay on the winning side of the score sheet more often! This compact little booklet really packs a punch. Two top pros cover all the day trading essentials including:

1) What it is
2) How to get started
3) Costs of doing business
4) Maximizing profits
5) 12 major systems and methods for day trading success

Plus, a demo disk assists readers in using their PC and analytical software when making any trading decision. DEMO Disk Included: The enclosed demo disk will enable you to quickly and easily apply all the methods and techniques outlined in the book and put them to work for you. Its an essential tool for becoming a better, consistently successful day trader - and will keep you on the cutting-edge of this fast-paced and quickly changing arena.

Product Details

• Paperback: 90 pages
• Publisher: Traders Library (April 1, 1999)
• Language: English
• ISBN-10: 1883272270
• ISBN-13: 978-1883272272
• Product Dimensions: 8.3 x 5.4 x 0.4 inches
• Shipping Weight: 4.8 ounces
• Average Customer Review: 2.6 out of 5 stars  See all reviews (5 customer reviews)
• Amazon Best Sellers Rank: #1,875,473 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

35 of 36 people found the following review helpful:

1.0 out of 5 stars Didn't pack the promised punch. Not for the novice., May 27, 1999

By 

[e-mail] (Providence, RI) - See all my reviews

This review is from: Day Trading Systems and Methods (Paperback)

The description of the books contents looked like a primer for anyone interested in day trading. Not so.

The first chapter about day trading and its overwhelming negative odds has a disclaimer that the authors very seldom day trade and have very little first hand experience with the methods they are presenting. This certainly begs the question of why they are writing the book.

The methods presented presume a broad knowledge of technical anyalysis particularly charting. For example the first method described refers to a ".025 envelope"this might be a well recognized term for a professional but without a glossary or other explanation it is impossible for a novice to follow the exmple.

The demo disk included "to enable you to quickly apply all the methods and techniques" is a free demo from a quote/chart service and nothing specifically related to the methods in the book. The software can be downloaded free from the internet.

The book was supposedly 1999 dated but the book itself has a 1992 copyright- Is this a rehash of an old pamphlet..

Maybe someone with expertise in the field would give the book 5 stars, but a person just starting out like myself would find it worthless.

My suggestion to the authors is that they identify on the book description to whom the book is directed and especially emphasize that its comprehension requires a certain level of expertise.

16 of 20 people found the following review helpful:

1.0 out of 5 stars Please don't waste your money on this, May 31, 1999

By A Customer

This review is from: Day Trading Systems and Methods (Paperback)

Starts with a very negative opinion of Day Trading. It's roughly 80 pages of large type with a 1 or 2 page blurb on a "system" like gaps, RSI, divergence, etc. The back is full of ad's for other recommended material. Hard to find a worse book.

10 of 12 people found the following review helpful:

5.0 out of 5 stars Honest, November 5, 1999

By A Customer

This review is from: Day Trading Systems and Methods (Paperback)

I know Charles Lebeau because I meet him at Dr. Tharp's seminars about building a winning trading system that fits you. He is honest in that saying daytrading isn't for everyone. It increases the opportunity and the cost. If your like most traders and make classic mistakes the increased cost and # of transactions will deplete your account. If you understand the rules the ideas in here may help increase your profits. I would reccomend buying the orginal Market Wizard's book by Dr. Tharp called Trade Your Way to Financial Freedom and then you might have something to work with by reading this book.