by Christopher A. Farrell
|
| List Price: | $18.95 |
| Average Rating: |  |
| Lowest New Price: | $6.50 |
|
 |
|
Product Description
Day trading can be quite lucrative, but only if you know what you are doing. As Farrell points out: "Trading for a living is hard. Trading for a living over the Internet is even harder. There are many challenges and obstacles that confront you. Venturing into this jungle unprepared is a recipe for disaster." This straightforward guide provides the head start and heads up necessary to thrive as a day trader, covering everything from the dangers and pitfalls of trading online to an in-depth analysis of which trading techniques work and which don't. Day Trade Online, Second Edition presents inside information on the strategies of top trading firms, including the most secretive, misunderstood, and profitable function on Wall Street. Most importantly, you will learn to look at ten different stocks and pinpoint which one to trade, when, at what price, and why. With the right know-how, you will be able to apply this knowledge to every single stock that you screen.
Amazon.com Review
Day trading such stocks as Amazon.com, eBay, and Yahoo! sounds like a game for the gun slinger: jump into the fray and pull the trigger. Is that really the case? No, according to author Christopher Farrell, who earns his money just as Wall Street does--by making very small, short-term, high-percentage trades. Farrell, who works from home, has traded over 15,000,000 shares of stock via the Internet, producing a 65 percent annual return for his investment fund in its first year. Using detailed, user-friendly examples, Farrell shows how to place orders online and then sell minutes later for small profits that can potentially add up to thousands of dollars a day--if you pick the right stocks. He explains how the New York Stock Exchange allows traders to buy on the bid and sell at the offer, just like the professionals. Farrell also includes loads of tips, such as how to choose an online broker, how much to pay for commissions, and how to cope with a technology that's still in its infancy. If you've been thinking about joining the estimated 5 million online traders, then this book is for you. --Thom Hartle
Customers who bought this item also bought
Average Customer Review:
0 of 0 people found the following review helpful:
 Great... but a little outdated, 2008-01-20
I love this book because I started reading it with no understanding of day trading and I sure do now. He is repetitive for his main points which makes it very easy to remember key things.
0 of 0 people found the following review helpful:
 Can I give the book negative stars?, 2008-01-02
This book is terrible. The systems presented in this book are 10 years out-dated, yet it is still being marketed as if it were 1998. The strategy presented is useless given the changes, and the book should be pulled off the shelves.
Amazon, Borders, Barnes, etc. apparently figure the big neon green lettering will fool their customers. They all should be ashamed of themselves, or at least ashamed of their complicity in marketing this book. If you bought this book, return it and complain. ... oh yeah, and if you buy another book on trading, check the copyright dates.
Is anyone actually surprised that they can't find Farrell nowadays? I didn't think so.
1 of 1 people found the following review helpful:
This book is not worth its price, 2007-11-22
This is a worthless book. The ideas presented here are way outdated
and you will loose money using any the techniques presented. The only
people making money here the publisher and the author. They should be sued
for presenting such trash regarding todays markets. The NYSE is now
very different than in 1980s or 1990s. I wasted my precious valuable time
reading about bid and spreads. blah blah......totally useless..
Don't waste your time and money on this book on day trading.
2 of 2 people found the following review helpful:
Out of Date Book!, 2007-10-10
I found Day Trade Online very easy to read. It provides the reader with a good overview of how the market works with one major exception. The whole basis of Farrell's trading system is to analyze fractions and trade for "tiny" (1/16th) profits with a bare minimum of $5,000 in trading capital. This system would have worked well in the 1990's but the system that is used today is the decimal system. With the use of the decimal system the margins rarely reach a 1/16th (or .0625 cent) spread making it next to impossible to use Farrell's method. (On a side note: I cannot find any information on the internet about Christopher Farrell or the investment fund that he started.)
1 of 1 people found the following review helpful:
you will not be a day trader if you read this book, 2007-09-11
The content of the book can be sumed as: In low volatility stocks, a day trader exploits the spread by using limit orders instead of market orders. In this way, the day trader trades with the market maker and makes teenie profit everyday.
This book tells it over 230 pages. It repeats himself many times. It was not useful. You had better choose another book.
Price is accurate as of the date/time indicated. Prices and product availability are subject to change. Any price displayed on the Amazon website at the time of purchase will govern the sale of this product.
|
Store Categories
|