Electronic Day Trading Made Easy, Revised and Expanded 2nd Edition: Become a Successful Trader
Author: Ph.D. Misha T. Sarkovich
List Price: $29.95
Our Price: Click to see the latest and low price
ISBN: 0761530983
Publisher: Prima Lifestyles (22 February, 2001)
Sales Rank: 332,240
Average Customer Rating: 3.84 out of 5
Customer Reviews
Rating: 5 out of 5
Don't let the title fool you.
This was an excellent book. Finally, a book on daytrading that really covers actual strategies for trading both the NASDAQ and the NYSE. At first I was thrown by the title since there is nothing easy about trading. I thought that it was another of the "get rich quick by daytrading" books, but I was wrong. This book doesn't just give the history of SOES bandits and then plug the author's seminar or brokerage. It gives actual strategies and techniques to put into practice. My favorite part was the section on determining the type of trading best suited to the reader. The author gives real life examples of traders who are successful using various styles of trading from scalping to position trading. I haven't read another book that spent any time on this but it may be one of the most important things for new traders. If you buy one book on daytrading, buy this one. Then if you feel trading is for you move on to Tony Oz's book "Stock Trading Wizard".
Rating: 5 out of 5
Superb introduction to Day Trading
This has to be *the* Day Trading text for would-be and novice Day Traders. The author and publisher are to be congratulated for producing a comprehensive yet easy-to-read book on the many different aspects of Day Trading that beginners need to understand.Misha Sarkovich's clear and concise writing style, together with the logical structure and sequence of material, combine to produce a superb book on Day Trading.
Everything is covered in the book: NYSE and NASDAQ, and their differences; Level I and Level II trading screens, and how to interpret and use them; stock price movements and alerts; technical analysis (price charting) tools and how to use them to identify potential trades; the different Buy/Sell Order types and their execution on NYSE and NASDAQ.
All this is explained as clearly as you'll find anywhere; and the explanations benefit from some excellent diagrams and illustrations, leaving the reader in no doubt at all about the author's message.
For me, though - as a relative novice in this field - what sets this book apart from the others that I've read is the chapter setting out four different styles of Day Trading, and their associated trading strategies. Each style is illustrated with a profile of a live day trader who practices that style. The "breakthrough" for me, after reading this, was that I now understood how to establish a manageable "stocks-to-watch" list, based on the chosen trading style/strategy. Up to then I'd been overwhelmed by the problem of watching too many (all...! ) the stocks which might move; a hopeless - and impossible - task. What joy, now that I have the answer!
The book also provides: a good list of internet sites (for stock information, price data feeds, trading software platforms, trading firms, and internet brokers); a substantial list of NYSE and NASDAQ stocks with suitable trading volume and price volatility for day trading; a list of the key NASDAQ Market Makers; and (importantly) a comprehensive index.
I can't fault it. It's superb. If you're new (or fairly new) to Day Trading, get the book now. You won't regret it.
Rating: 1 out of 5
Misha never traded, so what does he know?
Having as much experience in trading, I along with thousands of others could have written this book. It's cliche and dated. I am actually quite surprised since this guy has never really day-traded. After getting this book, the one thing Sarkovich taught me is how to write a book about something one does not know anything about. I actually cannot believe all the Stars people give!! Are you all high?!? Its mind boggling? Are you guys for real?... Actually, $3 prices in the used section should tell you something?... For anyone interested in technical analysis, get Murphy's technical analysis of Stocks and commodities or Reminiscence of a stock market operator by Jesse Livermore. Get a Van Tharp book for money management and be patient. Day-trading is tough, and most people can handle other types of trading but not day-trading. And really the only way to learn is to find a mentor like Pristine, a close friend or some trading shop. I wonder if there are a lot of shops around anymore. Misha's is not, not that he would ever trade there, since he is not a trader. ;-) Similar Products
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