The Guts and Glory of Day Trading: True Stories of Day Traders Who Made (or Lost) $1,000,000

Customer Reviews

The main problem that is that author is not a day trader himself which while not necessairly a bad thing in itself means that half the time he doesn't know where to focus. That's what makes the Schwager books so good. His book is written for traders by a trader.

The second problem is that no strict documentation of trading success was required.

The third is that the interview is all rehashed by the author and so you don't get the real dialogue which makes you wonder what's getting lost in the translation.

Having said all that, every book has some value so if you have the money go ahead and get it. At the very least you can take a look at some traders and their style. You may glean something.

But get Market Wizards or Reminiscences of a Stock Operator if you really want an introduction to trading.

This book is a far cry from those.

A couple of problems with this book:

- the author appears to have no idea regarding the topic of trading;
- it generally has little to do with day trading;
- most subjects in the books are average people who got lucky with apparently no skills (nor common sense);
- the book is written in a style suited to magazines, particularly those for pure entertainment - although unfortunately it is not entertaining at all. The author is unable to direct subjects to the appropriate topics and fails to extract anything substantial in any area; and
- there is very little useful and educational information in it at all (eg statistics / methods / psychology / money management).

There are many other books that are significantly better than this one, particularly Schwager's Market Wizards books.

If you're looking for some possibly fun (for those who haven't read anything in this area), brainless and easy reading - this could be your answer to boredom.

If you want anymore, I'd almost guarantee your disappointment.

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