Rating: 
Summary: Great insights on seeing the Wall Street side of the trade
Review: The thing I liked most about this book is that it presents "the other side" of trading, namely how the Wall Street brokerage firms and specialist profit by trading against their customers. Farrell's message is that, as a profitable daytrader, you must do the same thing to Wall Street that they do to the investing public; in other words, making "the spread" instead of paying it. I see things in a different way after reading this book. A very good read.
Rating: 
Summary: Very generous author of a stock quotes study.
Review: Generally inside "how to" books, readers expect to discover one or two good bones. Day Trade Online's author, Christopher Farrel, impresses me as being a very generous and sincere writer; he delivers!! Not only you will find many bones but Mr. Farrel repeatedly points to them. I am puzzled to see negative customer reviews; no one would expects to become a lawyer after reading a law book even less to become a rich one!!! Furthermore, this stock quote study appears to presently be the only one on the market. Do not miss it!!
Rating: 
Summary: Nice to read for beginners, but...
Review: ... there is a lot I don't understand. The book focus on day trading, however no word about the new ways of realtime trading. I think, the author wrote the book some years ago and forgot to update on some chapters very important for the day trader. OTH, for a beginner there is lots of good information about how the exchanges work.
Rating: 
Summary: Dont expect spoon feeding and prepare to work hard!
Review: Just one question to all people critizing the book. Has anyone earned easy $$$$ consistenly without putting any effort ?? That game winning 3 pointer you see on TV is ineffect 1000s of hours spent alone in front of the hoop .. shooting the ball .. 10 hours a day, every single day !!Thats why his 3 pointer looks so easy !! Isn't it ? Think about that !!! If it was so easy, anyone came become Michael Jordan !!! Or George Soros for that matter :-) But there is only Jordon and only one Soros !!! So, private, if the lottery thingy is not working for you, prepare to work hard !!! Now to his book, good material, probably it can be covered in one chapter describing the specialist system and how the scalping *can* work for you. Obviously, for this price, he is not going to reveal *ALL* his secrets or discuss *what if* scenarios. Thats where hard work and experience comes. I think he may offer some one to one workshop .. but then again, who will pay $1000 for that ?? Probably less than 0.5% of buyers of this book. What he is telling you in the book is great and I can bet 99% of the readers did not know about it ! Yeah, if you had worked hard and read NYSE stuff from their website or played some Stock Market Game, you would have known this anyway. And I think, the cheap price paid for that knowledge which will save you money, even if you trade once a month, is worth it ! Atleast you know not to put "market" orders on NYSE stocks !! This itself can save you probably 1/16th on 25% of your trades ??? So, dont expect spoon feeding and prepare to work hard if you want to make money trading. It ain't easy but once achieved, its very rewarding, both spritually and financially :-) May the best trades come to you !!!
Rating:
Summary: Old ideas, Tough to implement profitably
Review: The author makes day-trading sound like it's child's play. However, the truth is far from that. The trading method he "teaches" makes you compete directly with AMEX/NYSE specialists. It is foolish to think that you can compete with specialists, who are in essence the BEST TRADERS IN THE WORLD!! As stated in previous reviews, Farell's method involves trading in very illiquid stocks, meaning that it may be very tough to buy or sell in quatities that you want to when you want to. It is very likely that you end up holdingp positions overnight because nobody wanted to buy at your price. I will stick with short term support and resistance trading until I find a better method. Hit and Run trading is a mcuh better book on day traidng. Good luck!
Rating:
Summary: Good book for newcomers, with one warning..
Review: While the temptation is to run out and start cranking out 1/16ths profits (which has its drawbacks as noted in earlier reviews).. I still would recommend this book to anyone new to the idea of online trading simply for the fact that the repetitive explanation of how the markets are organized and some of their dynamics are given a good tour. While the book focus exclusively on 'day-trading', one can take an understanding of the market from this book and move onward to either short-term investing or long-term investing, online with a discount broker, and feel a bit more comfortable in the waters. As for day-trading.. I'd say move into that when you've got some cash to lose while you perfect your strategy in 'shark infested waters'. ~EnricoSuave
Rating:
Summary: theorie sounds good, but in reality?
Review: This was my first book about day trading, and I got very exited about his "easy way to skim the market" for 1/16s ALL DAY LONG!!! But reality was different: The stocks he mentioned to pick are most likely traded in lower volume. Lower volume means, it takes forever (sometimes I had to keep the stock overnight and dump next morning) to buy or sell. It also takes hours of intensive search to find a stock, that meets all in the book described criteria. I realized the hard way, that there is no way to make a living with these techniques.They might have worked a couple of years ago, but the market adjusted very fast, and as the author says: the specialists don't like somebody else taking their food out of their mouth. For inspiration purpose and the rough introduction to the markets I give this book two stars.
Rating:
Summary: pleasantly surprised
Review: Farrell's book has a different slant than the others on daytrading. I was surprised to see that his strategy involves "scalping" interest rate sensitive, lower volatility stocks, like closed end bond funds and electric utilities. The only thing I can say is that, to my surprise, the strategy worked pretty well for me. I've done 10 trades so far, made money on 7, lost on 2 and broke even on one. That's pretty good. A word of advice: if you are a beginner, I'd stick to the bond funds. The two I lost on were in utilities. I don't understand the "bad" one star reviews of this book. Trading is a business, like any other. People can make money, and people can lose money. It is up to the individual. No book will be a tell all. All any book can do is give you a deeper understanding of how the system works. Anyone that is foolish enough to think that, by reading a book, they will then make money right off the bad shouldn't be trading in the first place. All I can say is that I know alot more about daytrading now than I did before I bought this book, and that is well worth the money. Not too mention the profits I've made using the strategies. I'm glad I read it. Good luck. Kyle
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Summary: What Broker Are You Using?
Review: I tried trading with the methods he describes and had a hard time getting my orders filled. Worse yet, by trading with teenies after I paid commissions I was left with a measely $40 as profit. I know there are a lot of discount brokers out there, but most of them have extremely awkward systems which hinders getting your order filled. I am very curious (and interested too) in what online broker Farrell uses.
Rating:
Summary: Too good to be true?
Review: Farrell concentrates on one strategy of trading scalp trading. Although concentrating only on one strategy may be the only thing you need to make money as a day trader, it seems too easy to be true. After reading this book, I was going to try his strategy. However, I didn't have to try it, and I saved money by not trying this strategy, after I had read waters96' posting of May 20. However, it was an interesting book of understanding how scalp trading works. I don't know how realistic it is to learn how to day trade by reading a book. However, this book attempts to give you a step by step strategy, which gives the inexperienced day trader (like me) the illusion that if you follow the strategy, you will make money. Nevertheless, don't be fooled and risk your money right after reading the book. Do more research. See if somebody else was able to make money this way. If you continue reading the postings below, you will see that other people unsuccessfully tried the strategy described in the book. In addition, it's kind ironic that Farrell repeats his trading strategy over and over and still fails to discuss simple problems such as, what happens when your order isn't fully filled. Good luck Gabriel
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