Day Trade Online
Author: Christopher A. Farrell
List Price: $29.95
Our Price: Click to see the latest and low price
ISBN: 0471331201
Publisher: John Wiley & Sons (31 March, 1999)
Sales Rank: 5,758
Average Customer Rating: 3.23 out of 5
Customer Reviews
Rating: 4 out of 5
A Good Beginners Book like myself
I was surprised at the information. It was an eye opener. But..I can't seem to find A broker that will accept Limit Trades at $10. This is crusial as Mr. Farrell explains. It seems that the industry is going to take us for a ride on commisions. I can only find firms that charge $25 for transactions + another .005 per share for listed stocks. Now I'm no genius but 2*$25 + 2*1000*.005 (for Super dot routing) = $60 for a buy and sell ( not even a limit order) UMMMMMM.... If I make 1/16 on 1000 shares thats only $62.5 - $60 = $2.5 profit!!! not to mention their software charges etc. My feeling is that the small guy is not wanted in this market, also many are geared towards Nasdaq market. I wish Mr. Farrell could have left his email somewhere in the book so that we can ask him these questions. But I did like the flow and content in his book. If anyone can recommend a good online trading firm that allows us to make a reasonable profit with Farrell's strategy, please email me. For now I'm going to stay on the sidelines until price competition allows the small guy to make some money as well.
Rating: 1 out of 5
Noone ever made me angrier!
A pamphlet would have accomplished what this guy said in the entire book! I wanted to strangle him! Repetitive, condescending, overly simplified and so BOOOoorrring!!! Here is the nuts of it all: Pick a stable stock with a narrow spread between bid and ask. Buy 2000 shares and then sell it 1/16 higher right away. Everything else is simply preamble... over and over and over. Hope I saved you 20 bucks.
Rating: 4 out of 5
''Excellent Primer''
Even though this book might be dated(1999) it contains excellent ideas on day trading and tells about the author strategies on pecking away at the Specialist & Market Makers. It's very simple read,It tell's you to stick to a game plan to keep your profits ahead. Good Read
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