The Day Trader's Manual: Theory, Art, and Science of Profitable Short-Term Investing
Author: William F. Eng
List Price: $79.95
Our Price: Click to see the latest and low price
ISBN: 0471514063
Publisher: John Wiley & Sons (17 November, 1992)
Sales Rank: 20,697
Average Customer Rating: 2.1 out of 5
Customer Reviews
Rating: 2 out of 5
An out-of-date book with some useful ideas.
I returned this book primarily because it is fairly dated, given the technical advances in electronic trading since the publication date of 1993. I am a fairly active trader and have an earned doctorate in physics; Mr. Eng's discussions of Chaos, Entropy and Randomness left me with the suspicion that scientific buzzwords are employed to justify the empirical ideas of chart analysis. Friedfertig and West's 1998 book, The Electronic Day Trader, is a far more useful and current title.
Rating: 1 out of 5
Tried to encompass a lot, achieved none
I had rated the author's first book "Trading rules: Strategies for success" with 5 stars. I never expected such a frustration with this book. Perhaps the trader did try to make this book as a day trader's manual by including everything he deemed fit into a 322 page book: trading psychology, rules drawn from his own experience, chaos theory and in particular many TA tools like Market Profile, Elliot Wave, Gann Fan, RSI, Stochastics and so on. He then used nearly 40% of the book in 14 cases to elaborate those tools. The problem is, though I believe it's the intent of the author to make the book as concise as possible, it's simply impossible for most, even some professionals, to grasp the usage of the aforesaid TA tools. Even worse, the cases just did not help at all.
In a word, a big disappointment for this one and I suggest those who would like to give the author a try to bet on his first book "Trading Rules: Strategies for success".
Rating: 2 out of 5
HASN'T PROVED TO BE REALLY USEFUL
I haven't been really able to use any of the things in this book for my personal trading. However, there is one thing that I find helpful, that is the table on page 30 & 31 which gives you a run down of the popular indicators and their deficiencies. Similar Products
Tech Anal Stk Opt
High Probability trading
Trading Rules: Strategies for Success
Trading Rules II: More Strategies for Success
Mastering Direct Access Fundamentals
Book Index