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Electronic Day Trading to Win
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Author: Bob Baird, Craig McBurney
List Price: $39.95
Our Price: Click to see the latest and low price
ISBN: 0471350729
Publisher: John Wiley & Sons (23 July, 1999)
Edition: Hardcover
Sales Rank: 30,140
Average Customer Rating: 4.21 out of 5
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Customer ReviewsRating: 2 out of 5
Background info on day trading and never takes off
This is a book written at a time when Nasdaq was very close to its pinnacle in 1999. Not from hindsight (of the index level today), but sheerly by content, the book is full of flaws in nearly every topic it covers, especially those on Technical Analysis. Facts, and pure facts were abundant. However, trading system, strategy and insight were in short supply. The authors might have been so optimisstic and carried away by the beautiful picture they painted about trading in Nasdaq that money management and discipline had rarely been mentioned, and the "real tactics for real profits anytime anywhere" on the front cover were by and large absent. p.s. This book contains the highest number of cartoon (eight) in those trading books I ever read. Sadly, most were drawn with one single theme, that "Day Trading would annihilate the brokers". That should have implied something about the direction and quality of the book, which I had mistakenly ignored.
Rating: 5 out of 5
The Review
Electronic Day Trading To Win is a must read not only because it explains the necessary theories behing day trading, but it also shows you the road map to getting started in a very practical way. This book is both informative and enjoyable to read combining the most pertinent information with some profound and humurous commmentary. I give this book a strong buy recommendation!!!
Rating: 2 out of 5
Don't Believe the Hype
I couldn't believe this book received more than 4 stars. Or 2 stars for that matter, which I think it warrants.
Yes, it provides a good overall picture of what day-trading is and would be a superb book for the beginning practitioners who wants a better picture of the background of day-trading. But if you're looking for trading ideas and strategies, my advice is to skip this book. The chapter on technical analysis is flawed. There were a variety of charts which looked good on paper, but that was with the benefit of hindsight. In practice those analysis would never have been possible.
There's too much at risk if you put your money on the line using the trading ideas here.
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