Business Management Book Store > Business Management books beginning with D
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Day Trading For Dummies (For Dummies (Business & Personal Finance)) |
Author: Ann C. Logue
Published: 2007-10-29 |
List price: $24.99
Our price: $16.49
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As of: November 21st, 2008 02:39:06 PM
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Customer comments on this selection.
 Very Informative
Very good book, informative, the right level of detail, well written, easy to ready, a good starting book to learn about day trading.
 Misleading title...
Should have been "Stock trading for dummies". Absolutely worthless book, if you are looking for specific day trading information. Full of regurgitated information about technical analysis and stock glossary, etc. Try `The Market Maker's Edge' by Josh Lukeman...
Great for beginners
This book has been wonderful for me explaining the very basics of day trading! I would highly reconmend this book to anyone who wants to see what it's all about and how things work. It's obviously not meant to be a detailed book but more of "what this means and what that means". Perfect for dummmies!
 Not For Dummies ---
I have a Mensa IQ - have traded equities for 15 years and found this book to be complex and difficult to read. It presumes a lot of things that puts this well outside the title " For Dummies." "Daytrading for Intermediate to Advanced Traders" would be more honest.
If you are looking for simple understanding of the day trading concept, look elsewhere. If you want an advanced text, this is probably a minimally fair choice.
More than for just Dummies
I received this book as a gift and, at first, I was skeptical. I spent 20 years working for investment banks starting as a runner on the floor and retiring as the head of a trading desk. "What," I asked, "does this book have to teach me?"
Ah, beware of hubris! I was pleasantly surprised at what I learned. The book has a good introduction to how to obtain the sorts of information that a real day trader will need, but is best on the emotional. Emotions are almost always overlooked. I've seen lots of bright people rise to a certain point on a trading desk and then just implode because they couldn't handle the stress. And these were people working with other's money. It is even worse when it's your own dough on the line. The guy who practices day trading until he has his system all ready and then blows out a month after going live is very common.
Early in my career I started my own firm. This was before day trading was even technically possible and the firm was in the options pits. I got on the emotional roller coaster: on good days it was "Come on Honey, its steak dinner time!" On bad days I tried to save money by rationing toothpaste. It all ended in tears.
This is all by way of stressing the role emotions play in successfully trading the market. This book discusses strategies actually employed by some of the best traders on Wall Street and the book is worth looking into for that alone.
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