Compleat Gde Day Trading Sto

by Jake Bernstein

Book Overview

Day trading is Wall Street's hottest trend and, in The Compleat Guide to Day Trading Stocks, famed futures trader and author Jake Bernstein turns his attention, knowledge, and experience to the exciting world of stock trading. Bernstein covers timing systems, trend following systems, breakout systems, and more--all illustrated with chart examples based on intra-day time frames, and supported by results from his meticulous, historically accurate back...

• Format: Hardcover
• Language: English
• ISBN: 0071361251
• ISBN13: 9780071361255
• Release Date: September 2000
• Publisher: McGraw-Hill Companies
• Length: 216 Pages
• Weight: 0.55 lbs.
• Dimensions: 0.8" x 7.5" x 9.7"

Customer Reviews

Compleat Guide to Day Trading Stocks

The Compleat Guide to Day Trading Stocks is just that: one of the most complete and very best books ever written on the subject of day trading. Its highly regarded author, Jake Bernstein takes the reader from the very basics such as realistic risk/reward considerations, the essential mechanics of trend-following systems, fundamental vs. technical analysis, timing indicators, stochastics and charts, all the way to clear and precise systems and methods as well as the Psychology of Day Trading. He goes out of his way to make sure that the reader is absolutely aware of all aspects of day trading before making a commitment - including the long and painful learning curve that is inevitable - and clearly states who should not undertake day trading. Having said that, if the reader understands this, and is still firmly committed to making day trading a success, Mr. Bernstein gives his utmost support by going deeply into the nuts and bolts of the art by providing a solid foundation with proven strategies that can be thoroughly back-tested. This is really the most beneficial part of the book for the experienced investor, and is that which sets it apart from the many more general works on the subject. The reader is encouraged to learn and test these methods and systems and to incorporate the ones that are best suited to his/her own investment style. Pitfalls are clearly stated and the writing is extremely fluid and easy to understand. Best of all, the reader subconsciously develops the proper attitude that is so essential to succeed - that day trading should be treated as a serious business which can and will only be successful if done with the proper frame of mind, diligence, hard work, and risk management as well as a dedication to discipline. I highly recommend it!

ANSWERS, ANSWERS AND MORE ANSWERS

THIS IS A GREAT BOOK TO GET ANSWERS TO QUESTIONS ABOUT SHORT-TERM AND DAY TRADING. THIS BOOK TELLS YOU WHAT YOU NEED TO KNOW AND IT EXPLAINS HOW TO GET WHERE YOU WANT TO GO. THE AUTHOR DOES NOT TELL YOU ONE METHOD OF TRADING. HE LAYS THEM ALL OUT FOR YOU TO DECIDE WHICH METHOD BEST SUITS YOU; WHICH IS THE KEY TO SUCCESS IN ANY ENDEAVOR. MR BERSTEIN IS A VETERAN AND HE TELLS YOU WHAT HE THINKS. TO ME THAT MEANS A LOT. THE WEALTH OF INFORMATION IS ASTOUNDING.A MUST READ.

Looking for Daytrading help? Don't pass up this one!

This book is very well written. It kept me interested from cover to cover. I discovered that the pratical usages of Jake's suggested signals, indicators and chart patterns work wonders! The rules of the game are explained clearly. The odds seem more in my favour much more than ever now. I have read other daytrading books, but this book has restored the speculative drive in me with new fervour....and positive results! No, it's not a get-rich-quick book, but it is down-to-earth, accurate & beneficial. Highly Recommended!

For those willing to work at day trading.

This is an excellent book. I would recommend this book to anyone who is willing to work at day trading. This isn't a book that promises riches in a few easy steps. At the start of the book, the author writes: "If you seek success as a day trader, you'll have to make your money the good old-fashioned way: you'll have to do some work." In addition to doing a good job of providing an overview of several technical indicators (including lists of the PROS and CONS of each one), the author devotes several chapters to detailed explanations of various approaches. He also provides information on (the indispensable idea of) system development, practical considerations of day trading, and the psychology of day trading. Again, to anyone who is serious about day trading, I would HIGHLY recommend this book.

Clear as a Bell

This is an excellent work. As one who is considering a career change to day trading and has read many books on the subject, I can attest to the fact that this book, unlike most of the others, is a cogent, scientific study of short-term trading. Mr. Bernstein illustrates precise trading systems, with entry, exit and stop-loss indicators, and sets forth the results of his backtesting, all in a clear and very readable style. I highly recommend it.