Rating: 
Summary: Warning - THE METHODS PROPOUNDED OFTEN DON'T WORK!!
Review: I found that this book presents what it calls a relatively risk-free way to daytrade with excellent profit potential. Simply put, buy 2000 or more shares of a low-volatility NYSE or AMEX stock with a spread of at least 3/16. Buy 1/16 over the bid, sell 1/16 under the ask, and pocket 1/16th. Open and close the trade in a matter of minutes. Sounds simple. It just doesn't work the way he says it does.I found that I was successful less than 50% of the time using these techniques. If the trade worked, I would make about $100 after commissions and it would take several hours or more to close. If it failed, I lost up to $700 a couple of times as the share price dropped below the price I paid for the shares. And we're talking 2000 or more shares here, dropping like a stone!!! The author also fails to mention that it may take many hours to acquire the shares and many more hours to sell the shares. If you're talking about 2000 shares at $25 a share, you're talking about committing $50,000 in capital, possibly all day, for $100 profit after commissions. The author fails to mention other problems with his trading techniques as well. What are you supposed to do if you only get a partial fill on the buy? Or on the sell? Furthermore, I noted that the stocks don't trade as he says they do where the first bidder at the bid gets the first fill. For example, one time the specialist sold me 100 shares of the 3000 I was bidding on and I was dropped to the back of the line while thousands of shares traded at my bid price before mine. A couple of other times my ask of 2000 shares on the quote turned into someone else's 90,000 and I had to watch all those shares get traded while the bid dropped, or drop the ask myself at or below the price I paid for the stock. How did that happen? No explanation in the book. Certainly no mention of that risk. In short, I find it safer to daytrade the most volatile stocks than employ the author's system. If he has any comments, I would appreciate them. I lost money using his techniques. I hope you're careful if you decide to enter the market using his approach
Rating: 
Summary: Some possibly good ideas
Review: If you've traded before and already understand limit orders and bid/ask sizes, you can skip the first 125 pages. In the remaining 100 pages, there are good discussions of the motivations of specialists and how to work with or around them. There are three possibly useful ideas that are explained with only partial descriptions of potential problems and issues. The main idea of trading for a 1/16 point gain may work most of the time, but since the typical loss is likely to be 1/8 to 1/4 point, it needs to work over 80% of the time to be successful. Once this stragegy is widely used, it's success rate will go down. One suspects the author decided he could make more money writing this book than by continuing to pursue this purportedly successful strategy (no data on past success rates is presented).
Rating:
Summary: Don't Bring Your Guns to Town Son; Leave Your Guns at Home..
Review: Didn't see anything that excited me here. Book too way off the trail. I'll give you a free tip.... All you have to know about trading is support and resistance. Buy low, sell high. Trade only one stock - Compaq. That's all there is to it! You too can make a lot of money and be driving a nice new shiney Jaguar like me! Don't waste your money on these foolish books. Just remember two words: Support; Resistance.
Rating:
Summary: SELF-PROMOTIONAL AND REPETETIVE
Review: I found there to be very little useful information here. I returned this book;very disappointed.
Rating:
Summary: Life isn't easy. That includes a well written book
Review: I lost count of the use of the same expression. I stopped at about 30. I think the whole book writing process could be improved if the editors would actually read what they put out. The idea of saying the same thing over and over again coupled with refering to his "vast experience" of TWO years gets a little thin. I must give him credit on drilling in the idea of the market makers and others that work on the floor. This work could have been reduces in size to about 100 pages and we could have saved a few trees. I gave him 2 stars because I found 1 idea. For that reason alone I would read the book again. One good idea is all you can expect sometimes.
Rating: 
Summary: The abc's of day trading
Review: Chris explains how the specialists operate, and how to play the game. That is what day trading is, a GAME. Before reading the book, I thought day trading was a poker game, now I'm convinced it's a game of chess. Its not gambling, its a skill! Otherwise, the book is easy, straight forward, and simple to understand. Thanks Chris.
Rating:
Summary: good book lots of good insight really enjoyed it
Review: Farrell really puts some great ideas here that anyone can take advantage of. Some interesting new ideas and shows some good ways to work against the big boys who can trade faster than we fortunate though few daytraders sitting at home everyday making a living from our homes.
Rating:
Summary: Could also be the "Day Trading for Dummies" book
Review: Farrell explains the ins and outs of daytrading in very simple, easy to understand terms. He somehow manages to explain the technical details without sounding technical. I'm glad I read this book before I actually jumped into daytrading because I probably would have lost a lot of money otherwise. The strategy Farrell proposes is much less risky and likely to be profitable for almost anyone. I would have rated this a 5, but there were several questions that the author left unanswered. I guess I'll look for an expanded second version. Finally, some of the negative reviews on this board should be completely disregarded. Those reviewers must have a personal vendetta against anyone making money. This book is highly informative and worth every penny if you plan to daytrade.
Rating: 
Summary: great book
Review: Well, I have read this book last chapter first, and I recommend it to anyone who is thinking of day trading.A very easy to understand and to the point.
Rating:
Summary: Better title might be "Scalping your way to profits"
Review: Most daytrading books recently published concentrate on "Momentum" trading. Farrell's book on, the other hand, is the first to concentrate on scalping (trading for teenies). He describes in detail why most beginning (and experienced!) traders should be using a more conservative trading system than the momentum system espoused by so many other authors. Some of what he writes is repetitous, but for readers like me that is how to consolidate newly acquired knowledge -- write about the same concept from multiple angles. Another point repeated regularly is that by trading over the internet you must accept the fact that your trades may take several seconds longer than professional traders. This RELATIVE slowness MUST influence your approach to trading. Chris also covers trading momentum stocks and trading situations to look for. Trading happens at a much faster pace in the momentum area which translates into higher risks that beginning traders should avoid. Chris' contention is that the bread and butter of traders can be in an area usually overlooked by daytraders -- stocks with low volatility traded on the NYSE. This is almost the opposite of what most other daytraders are looking for. If you want a well rounded education on daytrading I would buy this book. It covers in depth what most other daytrading books mention in passing. Thankyou Chris for opening my eyes to a more disciplined approach to daytrading.
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