Electronic Day Trading to Win

by Bob Baird and Craig McBurney

Book Overview

It gives a complete overview including chapters on understanding the marketplace, market psychology, technical analysis, the best stocks to trade, and putting it all together. An ECN (electronic communications network) is a virtual exchange used to trade stocks without using a broker.

• Format: Hardcover
• Language: English
• ISBN: 0471350729
• ISBN13: 9780471350729
• Release Date: August 1999
• Publisher: Wiley
• Length: 240 Pages
• Weight: 1.10 lbs.
• Dimensions: 1.0" x 6.4" x 9.3"

Customer Reviews

UNBEATABLE FOR BEGINNING DAY TRADERS

If you are new to the world of Day Trading, or thinking about starting, then this is absolutely the right book for you! Bob Baird and Craig McBurney did an excellent job presenting the facts on Day Trading in a way that was easy to understand for someone new to this fasinating field. Most of the articles and books I have read in the last 4 months were aimed more at experienced and seasoned investors while the written words sailed at least 25 feet over my head! "Electronic Day Trading to Win" speeks directly to the reader and explains day trading on a level that is neither condesending or vague, as I experienced from Brokers I had asked for advice. I learned more in the 2 days reading this book than I did in 4 months online and speaking to two brokerages! I read the some of the other reviews, and I'm sure there are other books out there tailored more for what they might need. And besides, if some people know so much about day trading, why then do they need to read books on the subject?

A real eye-opener

Electronic Day Trading to Win is a not only a must-read for prospective day-traders, but for anyone dealing with equity investments. The authors reveal the evils carried out daily on the floors of the NYSE and AMEX, which was a real eye-opener for me. Day traders have been given a negative image by Wall Street and the media, and the authors of this book reveal the reasons why and go on to explain how intelligent, educated day trading can actually be LESS risky than position trading or buying mutual funds. Although I doubt most people have the discipline (or the cash) to become successful day-traders, the techniques and principles the authors promote can also be applied to any type of investing. If you have the requisite capital and the nerve, I believe you can make money using this book.

One of the best Electronic Day Trading books around!

Very informative. Cuts to the chase and leaves the fluff writting to other authors. If you plan on day trading using ECNs or SOES this is a must read. A little bit of everything: Market Psychology, best news and charting sources, daily schedule, understanding NASDAQ level 2, a bit on technical analysis, and an incredible screen for your real time data that has revolutionized my trading. I highly recomend this book and uses many of its principles in my daily trading.

Decided to Investigate Further Because of this Book

Every book about Day Trading, Trend Trading, or Direct Access trading is attacked by the mainstream broker-powers-that-be. This book tells why. Because of this book, it made introductory stock market trading of an interest to me. I am now signed up for a trading school (the Boot Camp at Trading Academy). I have also read Dr. Tharp's new book on trading to financial freedom. It is now so OBVIOUS that a person who pursues this intelligently, has awareness-control of the psych-biases, and implements risk-management, position-sizing, and other simple rules--- can make a killing in the market. And the Onliners and traditional Brokers-- they want you OUT! If you are starting or thinking about [ANY KIND OF] trading-- this is a must read. If you are going to play a game-- you have GOT to know the rules. WLolli Escondido, CA calnra.org

A Reference for Hands-On OTC day trading using NASDAQ II

'Electronic Day Trading to Win' was the best of the books I found on day trading NASDAQ stocks. Coming from an engineering background, I get an understanding through examples. This book through examples carried the subject further than others by giving a more complete picture for selecting and timing stocks for trade. Besides covering the normal price chart patterns and support/resistance levels, the authors show how to use the volume at these levels along with NASDAQ Level II market maker information to make an educated analysis of which way a stock will move. This is a technical book which is well written, but covers a lot of important aspects of trading. This means that to absorb all the information, a chapter or two at a sitting is about all one can read with comprehension. Throughout the book, the authors stress leaving a back door open for getting out of a trade if needed using SOES (small order execution system). The main emphasis of the book is to expand gains and limit losses -- which is what I suspect most of us want to do. I highly recommend the book for anyone planning to trade. The book also gives suggestions for setting up a NASDAQ Level II trading screen. By setting the screen up, the reader gets a hands-on training on the capabilities on of the screen.