The Compleat Guide to Day Trading Stocks

5 Comments

1. Francesco Burrini says:

   March 9, 2010 at 5:10 am

   Jake has writed no news about trading world, but all that the traders need is into this book. Sometimes we read a bit of trading system, a bit of psicological approach, etc. Jake said that the book is dedicated to day traders and aspiring day traders the world over. Doing day trading is arduous: the challenge immense. The promise of victory and lure of wealth inspire you daily to confront the odds of success. Jake give us this book in the hope that his efforts, research, suggestions, systems, and methods will help us achieve our goals.
   Great buy!
   Rating: 5 / 5
2. Charles C. Kao says:

   March 9, 2010 at 7:38 am

   I have recently read two other books on day trading and they were much better, so I think the only reason others gave this such a great rating is becaue they have never read anything else. I found this book to be vague, abstract and just a HORRIBLE book. He does go over many definitions of concepts, but then he alway says he will discuss which ones are important later. How am I supposed to know which concepts are important if you don’t tell me which ones to keep in mind. He cites numerous books and authors to find more information, but the beginning day trader wants to be told what to do. If you are a day trader who is hears of a concept and want a quick overview of a concept this is the only time I would say I would open this book, although normally I just go online a financial dictionary. If you do read this book, skip the first 80 pages. Other books that are great and simple, and go over concepts over and over so there is no doubt you understand them include “A Beginners Guide to Day Trading Online” by Toni Turner.
   Rating: 1 / 5
3. Anonymous says:

   March 9, 2010 at 8:51 am

   This book has a very good trading information regarding Gaps Strategies and Stochastics. I have been looking for a while a book which explains how to trade the gaps, finally found one. The explanation is very strightforward and complete. In addition he gives some own created stochastics strategies (i.e.) stochastics pop which are very reasonable.
   Rating: 5 / 5
4. Eugene H. Steele says:

   March 9, 2010 at 9:02 am

   Here is another example of a good Commodities writer attempting to write about Day Trading Stocks. No only does he fail in this attempt but he has the nerve to criticize other writers. It is clear from the time periods of the charts (ten minuets) and the lack of discussion of NASDAQ level 2 that Jake is way out of his field. When will the pure commodity writers learn not to try and cash in on the interest in stocks? Fools rush in. Save your money.I returned the book.
   Rating: 1 / 5
5. Steve Burns says:

   March 9, 2010 at 9:38 am

   This book reflects independently many of the successful techniques I have used to day trade to achieve a profitable 80% win rate. You must have the discipline, patience, and persistence to day trade successfully. You must remain sensible and rational in your approach to day trading. “Organization, self-discipline, and experience will be your greatest assets.” “You need to implement your trades with consistency, objectivity, and accuracy.” “If you trade with the existing trend, then the odds will be in favor of your making a profit.” Buying on support in an uptrend and going short at resistance in a down trend are high probability trades for profit. the author suggests that buying on an extreme gap down or going short on an extreme gap up at the open is a high probability way to make profits. You will learn a method called the one hour breakout which uses the closing prices in first five minute increments in the first hour of trading, this is a very powerful method for catching the daily trend. This book explores the psychology and risk management involved in day trading along with many strategies for being successful. I recommend this book for the beginning day trader or for any of us needing a refresher course to get back on track..
   Rating: 5 / 5