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The Day Trader's Survival Guide: How to Be Consistently Profitable in Short-Term Markets| Media: | Hardcover | | Author: | Christopher A. Farrell | | Publisher: | Collins | | Release date: | 01 November, 2000 | | List price: | $29.00 |
| Our price: | $19.14 that is 34% off! |
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| The Day Trader's Survival Guide: How to Be Consistently Profitable in Short-Term Markets |
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Average rating:  |
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This book begs for an update |
Written near the end of the Dot.com glory days, this book offers many good basics for any day trader. However, it desperately screams for an update that reflects the current status of online trading, data services, and even the change from fractions to decimals. One glaring deficiency is the lack of reference to the availability of the NYSE Open Book, which offers a very similar picture as that of Nasdaq Level II. Perhaps when the book was written, that data was inaccessible for the online trader, but now it can be purchased by anyone. It is essential for anyone who wants to trade NYSE stocks.
Also, the references to companies with intraday swings of 40-60 points is so unfathomable in today's market, that it really diminishes the effectiveness of some of his examples.
Nevertheless, even with all the failings of this book in relation to the trading climate of 2005, it still provides some useful insights and information for the beginning day trader. I would recommend this book, as long as you can get it cheap. You won't find it to be a reference book (like "A Beginner's Guide To Day Trading Online"), so you might even save your money and check this one out from the library.
I wish Christopher Farrell would go back and revise the book to reflect the changes in the market, because they are quite signficant compared to the crazy days of the Dot.com boom. |
| The Day Trader's Survival Guide: How to Be Consistently Profitable in Short-Term Markets - Christopher A. Farrell |
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Practical Trading Book, just some old info |
These days it's really hard to find trading books that are as practical and simple to understand as this one. Most of the info outhere is full of the same thecnical analysis jargon that makes you lose a lot of times. Basically most tehcnical trading books tell you the same story but organized in different chapters using different words and charts as examples.
Some places on the web have pretty practical information also. One site that I recommend is ChatHotStocks com. They have a pretty clear way for trading momentum stocks using easy to understand strategies. This is also one place where you can understand why the use of a Level 2 system is critical for trading the rally.
Understanding how to trade a rally is one of the most important aspects of trading, since for us traders it's all about the rally. |
| Christopher A. Farrell - The Day Trader's Survival Guide: How to Be Consistently Profitable in Short-Term Markets |
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Not bad but dated |
All the information in the text is must know material.
The book is a bit dated having been written when fractionl trading was still in plce.
Worth buying if the price is cheap. |
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