Day Trade Online

Rating:
Summary: This book is a joke
Review: I found this book to be extremely repetative. If you have thought about entering the day trading arena all the information this book offers is common knowledge and would be a waste of time. The pure purpose of scalping 1/16ths from specialists on 2000 share orders is a grind. The Digital Day Trader is more usefull with REAL trading techniques and technical theory. I couldnt go through life stealing 1/16ths from market makers and specialists--well maybe if i needed to get out of a trade but then if you had some knowledge you wouldnt be in that trade in the first place. SAVE YOUR MONEY

Rating:
Summary: Impossible Trading Technique!
Review: I'm a professional market maker and former floor trader. The method advocated in this book is untenable for the average investor.Trading for teenies is impossible over time.There are more serious approaches out there that work that take into consideration real time market conditions.

Rating:
Summary: Another happy person from Washington DC!
Review: For me this book has been the easy and faster way, at least to understand how the day trade works, the plain english used for Chris is a good value for anyone, (it worked for me considering English is not my native language), even though I haven't started trade yet. The reason has been because I'm worry about my online broker, speed to trade, I've made some practices, games, but not all have been successfully, definitely I think this method could work, with other tool that could help as a second computer with modem only to look Real-time quote system, that Chris doesn't mention it, because you lose time when switch the screen. Obviously nobody could be a millionarie in few months with this method and few investment, $5,000 or $10,000 to start, only if you are full in pacient and work hard.

Rating:
Summary: Value for the "General Public Investor".
Review: I personally got alot out of this book. I have invested in stocks for the long term and felt that my knowlege was that of a novice. I feel that this book explains in plain english how the market works. I don't feel it's my place to comment on the books integrity that should be done by the individual reader. By reading the negative feedback from the so called experienced investor I was totally disappointed. There's a saying that goes something like this, "Those who lack knowlege criticize but those with knowlege teach". I would like to see alternatives (reading material) from these folks not dead ends.

Rating:
Summary: excellent book on Scalp Trading
Review: I am a professional daytrader and Farrell's is the first to go into real detail on a type of daytrading known as "scalping" - this is not a book for NASDAQ trading - it focuses on the NYSE instead - I've read several of the books and this one has influenced me the most -

Rating:
Summary: Critics: say something intelligent!
Review: Would the critics of this book stop trying to be the Howard Stern of day trading and start using their brain cells? If these techniques don't work, I and a lot of other people are really interested in a rational explanation of *why* they don't work.

Rating:
Summary: The Author Is Doing No-Less Than Lying
Review: The way this book is set up, a person who implements these techniques will lose money. It should not be legal for the author to leave out vital information on trading -- apparently so people will attend his seminars or buy his next book? It is such an easy-to-read book and it does provide some very good information, which makes it more disappointing that the author omits important "what-if" scenarios and other crucial elements of buying and selling. I would have definitely rated this book higher, except the author sets people up for failure on the book's very cover by telling them they can make a living off the infomation in it when they cannot. His ultimate goal is that the reader will buy the book, fail, and then pay for the information he omitted, if in fact it can help them at all.

Rating:
Summary: Cut Your Losses: Return Your Copy
Review: It was difficult to figure why this book received so many one-star ratings until it became apparent that the zero-star rating this thing deserves isn't available. Farrell is an extremely mediocre writer: he tells (and tells and tells) the same thing ad nauseum, instead of showing. He is neither funny nor entertaining. Typos and grammatical errors abound. None of this should matter in what purports to be a technical volume; unfortunately, the "techniques" the "author" purports to "reveal" are completely inane and akin to making a living picking pennies from under a freight train in motion. In addition, many topics advertised on the jacket hardly figure inside the book, or are dealt with in one page. This volume should be a huge hit on the 25-cent garage-sale circuit. I'm returning my copy for a refund right now.

Rating:
Summary: Not Sure What To Think
Review: After reading the book three times I was very impressed with what I had read. But then again I am new to Day Trading. After reading the reviews posted on Amazon I am not sure what to think. I did learn about how the market works and how to exploit the market using certain techniques. But now I not sure these techniques work the way they were explained in the book. Please E Mail me if you have had some good results using the advise that Chris refers to in his book. Chris if you read this please E Mail me, I would like to ask you some questions about your book. Thank You

Rating:
Summary: Interesting, BUT...
Review: I found this book to be a good introduction to the mechanics of trading, so it's worth the price for that, at least. If Mr. Farrell is correct in claiming that all NYSE orders are filled on a first-come, first-served basis, AND that customers' orders get priority over the specialists', then his approach is okay in principle. However, I have looked at several intraday volume charts from some stocks in his list that I chose at random. It seems that most of them do not trade in lots of 2,000 or more shares any more often than 2 or 3 times a day. Therefore, partial fills seem almost certain. Would Mr. Farrell, or anyone praising his approach, care to describe how they handle this situation and still crank out 4 or more teenies per day?