Day Trading on the Edge: a Look-Before-You-Leap Guide to Extreme Investing

Author: Leslie N. Masonson
List Price: $29.95
Our Price: Click to see the latest and low price
ISBN: 0814405738
Publisher: AMACOM (November, 2000)
Sales Rank: 157,322
Average Customer Rating: 4.08 out of 5

Customer Reviews

Rating: 5 out of 5
Read this book before you consider short term trading!
As a relative newbie to the world of short term trading, I consider Les Masonson's book to be a wealth of impartial and unbiased information. This book does not tell you how to trade and was not intended to do so, however it does describe many important aspects and details of the world of short term and day trading. Mr Masonson uses surveys, contributions from traders, educators and professionals to describe most of the aspects of trading that a novice trader needs to consider.

It's the first book that I have read that attempts to cut through the hype and mythology of trading. I now understand why so many new traders fail and give up in a short time. Many fail to use proper risk management,and a large percentage have inadequate education in trading strategies and methods.

After reading Day Trading on the Edge I am able to determine if trading is right for me, and am able to proceed with greater knowledge and confidence. It's a great resource for anyone that isn't sure where to start.


Rating: 5 out of 5
WONDERFUL BOOK
I'VE READ A NUMBER OF BOOKS ON DAY TRADING AND THIS IS THE FIRST ONE THAT EXPLAINS ALL OF THE RISK THAT ART INVOLVED. THE BOOK IS EXTREMELY DETAILED, WELL WRITTEN AND OFFERS A POTENTIAL DAY TRADER THE INSIGHTS NECESSARY TO MAKE AN INFORMED DECISION AS TO WHETHER DAY TRADING IS A SUITABLE PROFESSION. I HIGHLY RECOMMEND THIS BOOK TO ALL OF YOUR READER WHO ARE INTERESTED IN CONSIDERING DAY TRADING AS A CAREER.


Rating: 5 out of 5
One of the dozen
If you want to be successful in this field. You probably need minimum a dozen books for perodically refreshing your mind. Just like you need a minimum 12 stocks to achieve the diversification.

This one will do the job. I doubt you have the time to go over all the books ever published in this field.

I have heard the importance of money management in every of the hundreds book I have read in the past few years. I believe it is true. But this is the only book finally push me to the immediate action. After I spent whole afternoon do a experiment try to veryfy the statement on Percentage of Risk on page 184. I only did 33 tosses instead 100 tosses.

I also believe day trading is hard. But just as the old adge "you will not shed the tears until you see the coffin." This book will do the trick. This book give you some of the other side truth.

This the second time I read this book. Both time by borrowing it from local library. Now I am going to buy one for keep. Even though not every chapter is to my liking.

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