Rating:  Summary: The best book for first time day-traders that I have read Review: I have read most of the books for 1st time day traders (Secrects of the Soes Bandit; The Electronic Day Trader; The Compleat Day Trader; The Compleat Day Trader II) and I consider "How to Get Started in Electronic Day Trading" to be the first book all beginning day traders should read. It is covers the whole arena of daytrading (primarily NASDAQ & NYSE stocks as opposed to commodities or futures). Nassar takes little for granted. He explains the basics of the markets, order types, and the avenues electronic traders have available to trade in. He goes on to explain what he considers to be the key indicators to follow when trading. Then comes one of the BEST(!) explanations of how to use technical analysis for a first time trader that I have ever seen. This chapter entitled "Understanding Technical Analysis Keeps You Flying High", makes the book worth many times it's price. Next comes an excellent tour of the minds and methods of the Market Makers. Do you know how to trade b4/after earning reports, how to trade splits, and how to trade rating changes? This book has the answers. All this plus more makes this book the BEST value for the dollar I have seen for the beginning day trader. This book will get you started on the right foot. For some this could be the only day trading book they ever need to read (though Nassar does acknowledge the field is constantly changing so one must keep up with any new trading systems that work in the electronic environment).
Rating:  Summary: This book will definitely make you a better trader Review: I have been day trading for three months now. It is said that there is a six month (average) learning curve in day trading before one becomes a GREAT day trader. After reading only 1/2 way through this book, I can honestly say that I am already a better day trader and that I have significantly reduced my time on the learning curve and I'm on my way to becoming a GREAT day trader myself. I have become more confident in my trades and I've traded at a profit 8 out of my last 10 trades. I remember the first night I started reading the book, I was so excited about what I learned that I couldn't wait for the market to open the next day to try out my newly acquired trading skills. The book also helped me understand what, exactly, my role is as a day trader - which is buying and selling stock for periods of a few minutes to a maximum of a few hours and NEVER getting caught in trades where I'm forced to become a long term investor in a stock. This was an important realization for me because it helps me stay disciplined when I trade, which means getting out of a trade that goes against me immediately. I did take an intensive day trading class (which I would highly recommend to anyone considering day trading) where I learned the fundamentals of day trading. This book took what I learned in that class to the next level and without question made me a much better day trader. I highly recommend this book to every day trader and day trader-to-be out there!
Rating:  Summary: The very FIRST book for the Novice to read!!! Review: --A MUST READ-- DayTrading 101--I purchased a similar book about day trading and it left me clueless, too technical for my level of experience. When "How to get started....." came along, it was instant jello and now the other book makes perfect sense. For those of you that need a "DayTrading 101" course, this is it. David will walk you down the path of day trading while he builds your confidence level to continue into the business. No smoke, no mirrors, just the needed inside gouge to get you started trading........
Rating:  Summary: The sky is the limit when your heart is in it! Review: For many people, trading is a passion that takes hold and never seems to let go. This book was written for those who have passion for the market. Let me say in advance to those who take their valuable time to read my book, thank you! I would like to share with you a personal story about trading that has helped reinforce and shape my perspective of what I consider to be one of the most exciting and rewarding professions there is, and what so many aspire to as well. I was involved in an adult ski program at Brekenridge Mountain, Colorado during the daytime while my children were taking their lessons. There were several people in the program, many of which were professionals of some sort. There was a dentist, an attorney, a few self employed business owners, and in particular a surgeon. What profoundly impacted me on a particular day, occurred during a small party we were all invited to at the end of the season. I became involved in a discussion with the people I skied with over the several weeks during the Saturday program. We began speaking about what we all did for a living and how we liked our careers. A common theme from almost everyone there was how much they would love to have the freedom to ski and spend more time with their children, as we had on those valuable weekends. Many complained about the toll their demanding professions took on them, and the lack of freedom and control they had over their lives. I particularly remember the surgeon talk about how he was a slave to his beeper and how he would do things differently if he could. He talked about the huge decisions young people are forced to make at an early age regarding their professional destiny's, and although very successful at what he did, also unfulfilled and unhappy. As my turn came to comment on the sacrifices of hard work and the freedom that eludes so many, I realized how lucky I was to be doing something that I truly love and still have great passion for. I simply couldn't complain. If I had to choose all over again, I would choose the same career. But this wasn't the profound event that made that particular day memorable for me. That came when all of the sudden people swarmed on me asking me about the adventures of trading for a living! The surgeon in particular could not ask enough questions about why the markets trade the way they do, how to read market trends, what stocks I traded, and how he too could get started. This highly educated man was pouring his heart out to me about why he wanted the same freedom and excitement I had as trader. That moment hit me hard. It cemented forever in my brain, my belief and passion for trading. I knew I loved what I was doing, but I didn't know that so many other seemingly successful people yearned for the same freedom and passion that electronic trading afforded me! I have always viewed doctors, lawyers and other professionals with a bit of envy, but that day in particular helped me see that trading is a very "sexy" business. What became clear to me was that my profession was the envy of many other people, even surgeons! If the markets have been the object of your desire, but fear and the risks of trading have you seeing the stock market as a giant beast that will eat you, I hope that this book can begin to fairly and honestly introduce the knowledge and joy that trading has to offer. If you have passion for the market, and are willing to get the knowledge you need, I believe confidence will replace your fear. It doesn't take a $100,000 education to find success, it only takes passion. If you can bring that to the table, I believe the market is more like low hanging fruit, ripe for picking! Good luck and good trading.
Rating:  Summary: Get more practical Review: This book is good but outdated. In any event you cant expect to get the wholy grail of trading in one single book. You need to read and test and test again until you come up with a trading system that produces you consistent results.
Above all you need to focus on a set of stocks and sectors that you feel comfortable with. Personally I like momentum trading, because when you get to master a momentum trading strategy you are able to generate a good amount of cash in relatively short period of time every day.
The main thing with momentum trading is that youve got to learn how to identify and handle the best momentum opportunities. In other words be able to separate the good opportunities from the bad ones.
Some places on the web offer good information on the subject. One of them is Chathotstocks com
Just dont forget that a trader cant never stop learning. In trading it pays to know more than the crowd.
Rating:  Summary: Great Read! Review: I read both of Nassar's books and they are both excellent additions to anyone's library on trading. He is clear, direct, firm, and no nonsense. That is what I like about this author the most. He does no selling in the book and only offers information, page after page. I have read many books on trading and most authors have something to sell, Nassar's book makes you search for how to reach his firm,... I think he is world class in his approach and has integrity. His material is simple to understand and the ideas are easy to incorporate into trading yet rewarding. He makes it clear that trading success is about you, not a magic formula that so many portray is possible, which in fact is not. Read Nassar's books if you want it straight.
Rating:  Summary: Read the title, and then review! Review: A lot of the reviews here are unecessarily harsh. The title of the book is "How to Get Started in..." It is not an end all be all of day trading books, but it is a highly informative book, and I believe it accomplishes what it sets out to do (get a novice's feet wet in day trading). I wouldn't start day trading with this book alone, but it is a good start.
Rating:  Summary: Outdated and overpriced. Review: When it comes to money making e.fads (as daytrading is now seen) you need the absolute most accurate up-to-the-minute information available to succeed. This book is simply none of the above. Sorry. If you really want to know how to get started (or if you even should) go to one of the daytrading .coms and read their FAQ. Their information will be the most up-to-daye around, and they might even offer advice that will help you get your finances in order before you start.
Rating:  Summary: A good start, but not great Review: Nasser has done a respectable job teaching some aspects of trading. However, it's not the best place to start. And certainly does not tell you "everything" you need to know to day trade. The author writes as if assuming that the reader already already understands much of trading. This book is no match for a full course in day trading.
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