Trading Strategies for Direct Access Trading: Making the Most Out of Your Capital

Author: Robert Sales
List Price: $24.95
Our Price: Click to see the latest and low price
ISBN: 0071363920
Publisher: McGraw-Hill Trade (23 May, 2001)
Sales Rank: 517,944
Average Customer Rating: 4 out of 5

Customer Reviews

Rating: 4 out of 5
Worth 20+ excerpts
I expected it to be just another of the bubble era introduction-to-day-trading books , but this book surprised me. To the point that I wound up bookmarking over 20 places having trading ideas worth considering.

Most of the day trading books of 1998-2001 are terribly obsolete. Not so, this one.

If you are new to trading, or have up to five years experience with direct access trading, you will gain trading ideas from this book.

Sales gets quickly into real trading and does not fill the book with introductory dribble. For example, as early as page 17 he writes about details of good trading practices, such as factoring in a chase point (for slippage) for entries and exits.

The first part of the book is the author's own experienced based advice.

That is followed by interviews with several normal traders with substantially differing trading styles.

Experienced traders will recognize that some of these folks are probably no longer trading, by the nature of their stories and ideas, while others have good ideas that apply well to the markets of 2002.

A very worthwhile read.

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Book Index