stocks

First of all, the title of this book is PRICELESS. If I was a complete idiot (and I'm not far from it), I would want to start day trading and as a matter of fact, I did just that.

About half the information in this book describes the workings of the stock market. The other half goes into some information abou the ins and outs of day trading. I'm sorry, if you're going to start to day trade, shouldn't you already know about how the NASDAQ and NYSE work? Why spend half the book talking about it?

Anyway, I read the book and entered one of those mock stock market games. They gave me $500,000 and a margin account so that I can trade up to $1,000,000. The game was not really geared toward day trading, there were different limitations and they couldn't offer Level II quotes (for a free game) so I had to "Swing Trade". I kept some positions overnight but I used the techniques mentioned in this book. So, the result (drum roll please): I started with a half million, I ended with $365,000 (a $135,000 loss). I came in 3,700th place (ouch!).

Ah well, To All Idiot's Out There: Don't try this at home! :-)

This book is perfect for those of use who wan't to just get to know a little more about daytrading. Other books on the topic are much more advanced and assume that you already know a whole lot. This book is great for learning terms, concepts, and the basic ins and outs of the daytrading world. Beware of some typos and mistakes throughout. Otherwise, an excellent book.

I think it's an excellent starter book for a novice day-trader. It defines a lot of relevent terms and gives the reader an overview of the trading world-Both about us and the professional, liscensed trader. If you study these chapters, you will defenitely SOUND like an intelligent and sensible day-trader.

The ONLY thing I don't agree with is the unimportance of the Level II screens, as the author purports. I think that level II screens are vital to know what the marketmakers real intentions are behind a stock. Does anyone concur?

(For those in the viewing audience who don't understand the last chapter, just pick-up this book!) I haven't finished reading the book, yet, but I think it's a terrific confirmation of what to expect as you begin to daytrade.