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Summary: dmoore in winchester, VA
Review: In scanning some of the reviews on this book, one needs to understand the scope and purpose of the author. If you are just starting in the Electronic Day Trading, this is a great book! I really enjoyed D. Nassar's clarity and thoroughness in explaining technical analysis and what is happening behind the scenes (this book could be used as a text in the classroom). He is also a contributing writer in "Technical Analysis of Stocks and Commodities" found in many bookstores and magazine stands with good insights to boot. I liked this book and I would highly recommend it as an intro to inquiring E-daytraders who want to expand their skills.
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Summary: A Valuable Read
Review: This book was very well written and concise. Many new investors and traders have a hard time adapting to the mentality of Wall Street, but that is exactly what needs to happen to make it in this often difficult arena. Nassar expresses himsef simply and clearly, making the complicated simple to understand. I suggest this book to anyone who really wants to learn something.
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Summary: Worth a try
Review: The book presents some very good ideas and explains certain stock patterns I have been noticing and can't explain on my own. But, as other readers mentioned, the author apparently has problems express himself clearly in many cases. You have to be there to understand what he is talking about.
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Summary: Basically an o.k. book, but often not extremely clear.
Review: I would recommend instead the "Electronic Day Trader" by Friedfertig and West, as I felt that book offered what Nassar did not -- better lay out and organization. Unfortunately, in his book "How to Get Started," Mr. Nassar seems to talk more like a wiseguy street-freak than an academic instructor. He seems more like a Gordon Gecko ("Wall Street," Micheal Douglas) than an institutionally educated man, using 'inside' terms and phrases that the untrained ear doesn't know, when he should be using the utmost effort to explain in regular english. His lack of meticulous, perfected literature definately cost me some, as I was not able to grasp some the simplest concepts he was talking about. He did a good job of impressing me of what he has done with his career and up until now what he knows, but not in helping me to maximize his knowledge by reading his book.
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Summary: Good how to, but confusing in some sections
Review: The book is great for people who are looking to get into electronic day trading. There are certain sections the author has problems expressing.For experienced traders, I would suggest reading chapters 3-9 only.
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Summary: The best of three day trading books I have read
Review: David S. Nassar's How to Get Started in Electronic Day Trading is the best of three day trading books I have read in the last few months. As a long-time investor in Blue Chips, I have been wishing that I had taken better advantage of the technology boom. This has been particularly agravating to me since I have been in computer sales and marketing since the 60's (1960's ok?). Because of my age (65), a conservative wife and broker, day trading did not seem the best strategy. After reading Mr. Nassar's book, I have resolved to take a portion of my investments (under 5%) and give it a try. Why? Even though I have been investing for many years, I really never knew how the markets worked. I did not understand the difference between the bid and the offer or how the NASDAQ and Listed excchanges differed. Nassar's Electronic Day Trading gave me that knowledge. I also did not understand the difference between on-line trading and electronic direct access training. Now I do. What about risk? Was day trading so risky that I would just be throwing my money away--like craps at the tables in Las Vegas? That part worried me but after reading the book, I thought there was a fair chance that I could manage the risk to tolerable levels. What are some strategies to use if you decide to try day trading? This book highlights a dozen or more ways. I have settled on an initial attempt to "trade like a market maker" but the idea of watching the earnings--expectations, whispers, announcements is also appealing. Splits and analysts grades are in there too. These are simple enough that I can understand them and expect them to work, thanks to a clear, direct explanation of them in How to Get Started in Electronic Day Trading. Maybe this book would be too basic for experienced professionals in the trading business, but it is definitely not too basic for a serious investor who has worked through a full-service broker for a long time. The idea of seeing directly who the buyers and sellers are at a given point in time was exciting to me. Finding out that my bid or offer to sell comes up on the screen with Morgan Stanley or Goldman Sachs was amazing to me. In summary this book has inspired me to take the plunge. I have tried the simulator and it seemed almost too good to be true. Next week, it's real money. I may be looking for a new wife soon.
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Summary: Excellent book to learn fundamentals of day trading
Review: Very good book to teach methods and pitfalls of day trading. Author is careful to warn readers that day trading is not a get rich quick scheme but a skill that can be learned.
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Summary: While daytrading and online daytrading are certainly NOT for
Review: Book Review of David S. Nassar's "How to Get Started in Electronic Day Trading" by Steve Stathos StockHouse Financial News While daytrading and online daytrading are certainly NOT for everyone, every investor should read this book. Nassar's "How to Get Started..." is probably among the most practical stock market primers you will ever read. Nassar covers every important subject about investing that you need to know, without overburdening you with tedious irrelevancies. This is neither a rah-rah book about daytrading nor a self-promotion for Nassar's day trading school, Market Wise Stock Trading School. It is a concise introduction to today's markets and how to trade the stocks in our most active financial markets. Without a doubt, Nassar will introduce you to intricacies of the markets, of which most investors never heard about. He writes in a down-to-earth, straightforward style devoid of the online trading hype promised in many online trading advertisements and television commercials. If you are looking to develop a lifetime skill in the stock markets, and willing to roll up your sleeves and dig in, this book is for you. If you're looking for quick cash, easy money, you are in for a jolt. True, Nassar is not the originator of most of the "market smarts" you'll read in this book, but he is an excellent compiler of vital information that many a losing trader will wish he already knew. The author's skillful blending of daytrading secrets and market maker strategies with Wall Street axioms and basic market information should broaden appeal for this book beyond its highly limited title.
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Summary: Excellent primer for the invester who wants to daytrade.
Review: The author does an excellent job of organizing his mateial and then presenting it in an understandable manner. Many new technical terms will have to be understood and learned before the more sophisticated concepts in the book will make sense. This is a book that must be read twice in succession, as there is so much new material and unfamiliar concepts that even the savy investor will find himself using reference material for a better understanding. Treat this book as a textbook and it will yield outstanding results when you actually start daytrading. This book is the best place to start if you have investing experience and want to learn how to daytrade. However, brush up on your trading terminolgy before you read Chapter 1!
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Summary: Great Place to Start Learning About Electronic Day Trading
Review: David's book is a fast read and extremely enjoyable. He takes complex concepts and makes them understandable. It's a wonderful resource for anyone interested in getting into Electronic Day Trading. David also emphasizes that day trading is risky and one should understand how the market works before getting into this fast way to make money.
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