What Works in Online Day Trading (Wiley Online Trading for a Living)


Product Description
Here is a uniquely honest examination of the online day trading concept, the firms that cater to it, and what works online and what doesn't, so that would-be day traders can avoid the pitfalls-and the losses. Discussing trading as a business that most traders conduct without a plan, this book addresses common trading misconceptions, provides realistic answers to critical questions, and features an investigative analysis based on real people who are day trading and the firms they trade at or through-whether through virtual trading rooms, the Internet, or real-time operations.What Works in Online Day Trading (Wiley Online Trading for a Living) Review
I have read many "trading" books, and find this one a pleasant suprise. Section Two includes a good source of trading strategies that work, each one written by people who actually trade. Strategies covered include 1) pure price action by Gary Smith, 2) breakouts by Mark Seleznov, 3) seasonals by Steve Moore, et.al., 4) patterns by Mark Etzkorn, 4) springs and upthrusts by Hank Pruden, 5) Bow Tie patterns by Dave Landry, and a few others.The strategies include a good summary of setups, entries, stops, and exits. These summaries are general enought that you can program them in most any backtest software you use, not just Tradestation or C++. I use them to backtest with TC2000 and TC Companion.The book also has very good information on risk mangement, the mechanics of trading and the mindset of different trading styles.The great thing about this book, is that it is a well integrated compilation of tools and techniques from a variety of well known and/or highly successful traders. The editor did a wonderful job of taking this diverse group and integrating the book into a very logical and usable flow.While it may be too much for the pure beginner, this book will be most appreciated by the intermediate to advanced trader. Help other customers find the most helpful reviews� Was this review helpful to you?�Yes No Report abuse | PermalinkComment�CommentMost of the consumer Reviews tell that the "What Works in Online Day Trading (Wiley Online Trading for a Living)" are high quality item. You can read each testimony from consumers to find out cons and pros from What Works in Online Day Trading (Wiley Online Trading for a Living) ...

No comments:
Post a Comment