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Electronic Day Traders' Secrets

Learn from the Best of the Best E Traders

Format: Hardback
Publisher: McGraw-Hill Education - Europe, New York, United States
Imprint: McGraw-Hill Inc.,US
Published: 1st Apr 1999
Dimensions: w 152mm h 229mm d 28mm
Weight: 550g
ISBN-10: 0071347674
ISBN-13: 9780071347679
Barcode No: 9780071347679
From the authors of the investing bestseller of 1998 comes Electronic Day Traders' Secrets. Featuring exclusive tales of die e-traders who are setting the curve -- and making up to $80.000 a day!They talk about how they started: they tell heart-stopping stories of making a year's salary with the flick of a finger: and they share tips and strategies for making incredible fortunes in this exciting, quick-turn-around market. Friedfertig and West -- pioneers and innovators in this high-stakes phenomenon -- support the interviews with insider insights, background, and hands-on instructions for becoming an e-trading success.

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"A primer on e-trading technology and systems."Conversations with 13 pros--how they got their start, their biggest wins and most humiliating losses. Dispenses tips on how to anticipate a market maker's next move and fight fear."
Kirkus UK
The growth of day trading is the result of a fundamental change in the way individuals can access the stock market, through the Internet. Day trading is not investing and this book helps the reader to acquire the different mindset necessary for the former. This fun and informative book takes the reader into the minds of seasoned successful traders, such as Serge Milman and Marc McCord, through excellent candid interviews. Understanding their concepts, disciplined trading styles and strategies, readers are able to improve their own skill levels. The two most important lessons of the book are: let your profit run and cut your losses immediately. These are probably easier said than done - perhaps the most challenging aspects of day trading are the mental and emotional aspects of the game. This book also gives insights on spread and risk management tips, start-up costs and loss/risk options. Although not rocket science, this is well worth the purchase price for both new and experienced day traders. Where other books delve into theory, this book offers sound practical advice. More importantly, readers will know by the end of this book whether day trading is for them. (Kirkus UK)