The Electronic Day Trader

by Marc Friedfertig, George West, George Piecznik, et al.

Book Overview

Most of us have been conditioned to approach the stock market as a long-term proposition. Many of the bestselling investment books coach readers to seek value in the best companies for long periods of... This description may be from another edition of this product.

• Format: Hardcover
• Language: English
• ISBN: 0070158088
• ISBN13: 9780070158085
• Release Date: May 1998
• Publisher: McGraw-Hill Companies
• Length: 208 Pages
• Weight: 1.06 lbs.
• Dimensions: 0.8" x 6.2" x 9.3"

Customer Reviews

For Those Those That Are Serious!

This book is definately not meant to be casual reading material, I felt it was an education into the world of Electronic Day Trading. Interpreting the movements of the markets as well as the movements of the Market Makers was key for me turning my trading around and raising my bottom line quite nicely, this book helped to do that...Day Trading is not for everyone but this book helps give the reader a better understanding of what he or she is getting involved in before they put their money at risk! WELL DONE Friedfertig & West!

A True Resource on the Subject!

It's a real shame that individuals who obviously have not read this book are intentionally trying to discourage others from buying it. This book is written for individuals who want to day trade for a living. It is a terrific resource for individuals who want to day trade for a living by approaching the market in the same manner as a Wall Street professional.

Well job done, and I disagree with the

previous person that wrote two posts ago that the bokk is "hard to understand." Ha, I thought the exact opposite of the book as a whole. I would absolutley recommend this book over the other day trader book written by David Nassar.

Daytrading Not for Everyone

I am a professional futures trader and I can tell you that daytrading is not for everyone. Aptitude for trading is innate; success only comes with natural ability, dogged research, and heavy sweat. A person's psychological makeup determines whether or not he/she is suitable for a particular job. Even among traders there are different subgroups. A value-minded pseudo- Warren Buffet investor would be foolish to even attempt a short-term momentum play in daytrading. A talented daytrader would go stir crazy watching his money sit in Deere or DuPont, fully knowing he could make good money in these oversold stocks if only he had the psychological makeup to buy and hold. And for those of you who quibble about $20 for a book, you have absolutely no business investing in the stock market. If you're a serious trader you should have a whole library of trading books, realizing that if your smart and talented its the little tidbits of information you absorbed "somewhere," in some trading book, that ultimately got you a better fill or a more advantageous exit. Believe me its the little decisions that can mean hundreds or thousands of dollars in trading, and ultimately the difference between success and failure. This book is for the serious trader not the casual investor.

A great overview of trading through NASDAQ and NYSE

When I see the one and two star comments I just shake my head and laugh. This is an excellent book if you are a real day trader. I can see where it would be over the head of those just starting out. But anyone who uses Level II quotes will find a lot of useful info. to pick from. I day trade for a living, it's how I pay my bills! What I can tell you is that there is no magic formula for buying a stock, never has been and never will be! Daytrading is a game of momentum and volume. Understanding why stocks make runs and then pullbacks throughout the day is half the game. Watching how market makers act during the runs up and the pullbacks will stop you from getting shook from your positions, and give you a good point for opening new positions. To those that rip this book, I thank you for your daily contributions to my trading accounts. To those with access to Level II quotes I think the authors give you a pretty good overview of how the game is played. There's no magic formula to becoming a great trader. Any book that promises one is a sham. Trading skills come through experience and application, the game is keeping your capital preserved to survive the learning curve. This book is a good foundation to build upon.