Day Trading on the Edge: A Look-Before-You-Leap Guide to Extreme Investing

by Leslie N. Masonson

Book Overview

This text supplies potential day traders with an idea of what day trading is all about. It includes an assessment of risks and rewards, the basic principles of day trading, guidelines for getting a... This description may be from another edition of this product.

• Format: Hardcover
• Language: English
• ISBN: 0814405738
• ISBN13: 9780814405734
• Release Date: November 2000
• Publisher: Amacom
• Length: 400 Pages
• Weight: 1.66 lbs.
• Dimensions: 1.4" x 6.4" x 9.3"

Customer Reviews

There Must be 50 Ways to Lose Your Money

This book tells it like it is, and is designed for those who are interested in the business of day (or for that matter, any kind of) trading. It touches on all the subjects a future trader should contemplate before embarking on trading as a "career" - a complete "sanity checklist".Highly recommended. If you don't know the stuff contained in this book, all the trading techniques in the world won't help.

Day Trading On the Edge

Day Trading on the Edge is a must read for anyone seriously considering day trading. Instead of focusing on specific strategies or techniques for day trading, it focuses on what the potential day trader should know before beginning this risky investing technique. The risks are clearly delineated, and resources for every aspect of day trading are provided. It takes a balanced, comprehensive look at day trading and provides the information necessary to determine if day trading is right for you. The book is very well written, easy to understand, and a must resource for anyone looking into day trading either on a part-time or a full-time vocation.

WONDERFUL BOOK

I'VE READ A NUMBER OF BOOKS ON DAY TRADING AND THIS IS THE FIRST ONE THAT EXPLAINS ALL OF THE RISK THAT ART INVOLVED. THE BOOK IS EXTREMELY DETAILED, WELL WRITTEN AND OFFERS A POTENTIAL DAY TRADER THE INSIGHTS NECESSARY TO MAKE AN INFORMED DECISION AS TO WHETHER DAY TRADING IS A SUITABLE PROFESSION. I HIGHLY RECOMMEND THIS BOOK TO ALL OF YOUR READER WHO ARE INTERESTED IN CONSIDERING DAY TRADING AS A CAREER.

Day Trading on the Edge : A Look-Before-You-Leap Guide

A great book that helps the reader understand the principles and key rules of day-trading. I found the information on the advantages and disadvantages of day-trading firms vs. trading from home most helpful as well as the steps for selecting a day-trading frim. The book is a GREAT educational tool for the day-trader and others interested in day-trading. I recommend this book to anyone thinking about day-trading.

Day Trading on the Edge Leslie Masonson

Approximately three years ago,I became intrigued with the 'daytrading'phenomenon.There is no shortage of news stories and incidentsto confirm or negate pre-conceived opinions.I have read dozens ofbooks on the subject,along with hundreds of news stories and visitedscores of websites.With the abundance of raw information,one canunderstand,the need for structure and focus. Finally,here is a bookthat focuses on all the issues you need to address on whether tobecome a day trader or not.This book is:Day Trading On The Edge byLeslie Masonson.It is the definitive book on the subject to date.Mr.Masonson,takes on the struggle of whether or not to become a daytrader.The writer takes an impartial,passionate approach and gears hisfindings towards the newcomer,the novice day trader,and the onlineinvestor. The book is divided into five sections.Part One leads offwith a hard look at the requirements.The beginning framework providedis brutal in its honesty about minimum requirements,psychologicalmakeup,capital requirements,education and commitment. A roadmap isprovided for acquiring the 'best trading education'.The tabulatedresults of a fifty-seven question survey of over two hundred daytraders gives an empirical view of requirements.Along with this aretwo expert opinions on the importance of psychology in trading.Tensteps are provided to guide in the selection of a trading firm.Theirnames and websites are listed along with a questionaire to assist inreference checking. If you are more comfortable trading from a homeenvironment,the requirements are also detailed.There is a wonderfulsection entitled 'all about connections'contributed by GibbonsBurke,that demystifies this area.The author has painstakingly detailedadditional critical info you will need.No detail is spared,Mr.Masonsoneven helps you to select a comfortable chair.You are treated to apicture of his 'Herman Miller Aeron Chair'.A plush $750 cushionedchair geared to comfortable seat any daytrader for a stressful day.Mr.Masonson uses simple everyday language,along with easy to followcharts to summarize critical factors and data for easy reference anddecision making. The educational resources catalogued are virtual.Itleads off with a questionnaire to frame your needs.This is followedwith a focused listing of websites,related phone numbers,books,atechnical analysis workshop along with its demandingcurriculum,professional trading magazines and financial columns.Youcould spend a good portion of your life structuring and researchingall the material on the web.This is all conveniently grouped togetherfrom a traders' perspective in this book. Money management,anintegral part of day trading is handled deftly and expertly by JohnPiper,Oscar Goldman,Ryan Jones and Ted Tesser.To accomodate thediffering styles of processing information,various approaches arehighlighted.From general rules,to the highly technical approaches ofthe fixed fractional method,optimal f,and Oscar Goldman's 'newage'approach-Your Mind's Mon