The Nasdaq Trader's Toolkit
Author: M. Rogan LaBier
List Price: $29.95
Our Price: Click to see the latest and low price
ISBN: 0471404039
Publisher: John Wiley & Sons (15 December, 2000)
Sales Rank: 62,515
Average Customer Rating: 4.25 out of 5
Customer Reviews
Rating: 5 out of 5
Supersoes, etc Covered
Book was published in January this year - so graphics are all in fractions... But - information is comprehensive and in depth like no other book on Level 2. The approach of this book is "how to get the best fills, in every market condition." It applies to all trading styles. Imho, book succeeds where no other does. Complete, unique, and accurate descriptions of all execution systems, in lay terms. When to use which routes, and why. Including Supersoes, how it works, when it works, and how to use it (and when not to use it). If you want to learn the specifics of how to get the best fills, this book will help like no other I've seen. Straight and to the point, with no b.s. promoting any brokers, services, etc. Just great info. Only complaint is that graphics are in fractions, and that is annoying. But all of the ideas and strategies are current and comprehensive. Like I said earlier, it has a complete description of how to use Supersoes. Overall, best coverage of execution and level 2 interpretation I have seen. I learned a number of things, and I've been trading "direct" for two years. I am a swing trader, and most of the books dealing with level 2 cover the subject in such a way that it simply doesn't apply to what I do. This book does; the approach to execution is accurate accross all time frames, not just scalping. So the book was a very pleasant surprise.
Rating: 5 out of 5
worth it's weight in gold
"This is the hardcopy version of the excellent e-book the "Tools of the Trade." Everything you need to know about execution. Including SuperSoes, SelectNet, Soes, all ECN's . It is the best reference manual I've ever seen. Don't know why they decided to publish in paper. Author is former market maker etc," is what another reviewer said. I agree 100%. But they didn't mention the chapter on market making: what the market makers really do, how they do it, and how to spot it. Most interesting take on the subject, and the only useful description I've seen. Or that it covers all the special things the ECNs are capable of, like hidden orders- and how to use them for maximum gain. This book is chock full of all the information I've been looking for - for years. Most, if not all of it, is available nowhere else. Why didn't somebody think of it sooner? Wish I knew all this BEFORE I started trading direct. Would have saved me some lo$$e$ :)
Rating: 3 out of 5
Good but outdated
What's great about this book is that it rolls up its sleeves and gets right into the nuts and bolts of trading and the mechanics of what really goes on behind the scenes. Unfortunately that's also its drawback - the mechanics have all changed since it was written (in 2000). Although the book covers SuperSOES, SuperMontage, decimalization and other recent changes, these changes had not been rolled out at the time of writing. Thus about every other page carries a disclaimer that the information will change in the near future. That's a shame, because the book is very well written and informative. Sure hope an update is on the drawing board! Similar Products
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