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Day Trade Online

Day Trade Online

List Price: $29.95
Your Price: $19.77
Product Info Reviews

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Rating: 1 stars
Summary: An Idea Whose Time Has Come and Gone
Review: Regardless of what you think of the "trading for teenies" method espoused here (and opinions vary widely among those who've tried - see the earlier reviews), the NYSE is making this method impractical in mid-2000. They are dropping fractions and going to decimal dollars-and-cents pricing with minimum spreads of $0.01. If it's a challenge to make serious money trading 2000 shares at a pop in a slow-moving stock, how much harder will it be trading 10,000 - 12,000 shares at a time? And that's assuming your online broker will even accept an order that big.

By the way, Wiley and sons should be embarrassed that they let this book out the door. I've never read anything that so badly needed attention from a competent editor. The amount of repetition makes it a real chore to read; it could be about 80% shorter with no loss of content.

Rating: 3 stars
Summary: Not so fast
Review: I tried the method and even opened an account at a daytrading firm to have the best equipment. The problem is you will sit for hours and then if then just praying the bid doesn't drop before someone comes along and buys your shares. He says you will make money in stocks that don't move and maybe, occasionaly, this will happen. The reason the stock is not moving is because there is no activity in the stock. You can sit at card game but if no one is dealing cards then you will lose precious time and make no money. The technique I liked was buried in the back of the book under momentum trading Nasdaq or NYSE. As a daytrader, the momentum trade is a great way to make nice gains, minimize risk with as little as 100 shares. I wish the book spent more time on those methods, which I promise are better daytrading methods then the sit until you rot method. However the book did explain how the NYSE system works and that alone could be worth the book price.

Rating: 1 stars
Summary: Waste of time and money
Review: Another Wiley & Sons stupid book I bought... Silly me.

The editorial line of this publisher is really to be questionned, to say the very least.

Reading the book, you will wait for the meat until the very last page and not find it.

Long and imprecise explanation about the way the market works.

Rating: 4 stars
Summary: Thank you Mr. Farrell!
Review: Well, after reading through all of the naysayers to this book, I figured I had to add in my $0.02. I read the book and have trying out the technique for 5 trading days now and have nearly a 50% return. Since I'm a full time student working on two graduate degrees, I don't have much trading capital nor time, but I've been getting this technique to work wonderfully -- you just have to have patience and can't expect to make $10,000 a day. If that's what you want, good luck and try to keep your shirt.

Rating: 5 stars
Summary: This book is a must for all traders, scalpers and investors
Review: Simply put, this book explains concepts that you don't find anywhere else. Why prices are moving, how. What are the difference between executions on NASDAQ and NYSE. Which is better for what type of trading and so on. Really helpful. The author is 25 y.o. and has more insights than the "so called experts". Way to go Mr. Farrell.

Rating: 5 stars
Summary: nice book, but i need advice
Review: I read the book recently and find it very good, but after reading some of the negative reviews i was disapointed. Can somebody who have actually made money this way or the author e-mail me. It all seemed so easy before i read the reviews, but now i'm not so sure. Please, somebody give me an advice.

Rating: 3 stars
Summary: This is A book, not THE book
Review: Major downers: need a lot of capital to be successful in teenies. otherwise, you will sit there all day and vegetate. Next, it is impossible to shy away from nasdaq and focus only on NYSE. Third, what do you do with volitility when you are not 100% sure anymore. do you or do you not take a risk? He doesnt address a downward or horizontal market.

+ side: He teaches some clever psycho-emotional disciplines. he teaches how to minimize a loss, and other handy insider tips, which are available only from an experienced pro.

Rating: 5 stars
Summary: Inspiring start for new day traders
Review: Day Trade Online helped to inspire to me to not only focus on investing, but to also become a trader. Thanks to his advice I've made a number of profitable trades the past few days. It's clear, concise, easy to read, and informative. Fiv stars for sure.

Rating: 5 stars
Summary: Think small. Capitalism for Everyman.
Review: Want to quit your job and day trade? Chris Farrell has written a terrific daytrading how-to book. It demystifies the byzantine behind-the-scenes market mechanics you've always wondered about and offers practical, low-risk strategies with realistic expectations. I've been trading online for four years. Made some money. But lost too much searching for that elusive get-rich-quick homerun. This book, for me, was an epiphany: forget those great out-of-the-park expectations and thus be assured of hitting profitable "one baggers" all day long. Read it and learn what the market professionsals have always known--slow and steady is the only way to win the stock market race.

Rating: 5 stars
Summary: Best of the bunch of otherwise garbage books on day trading
Review: This was the first book which actually introduced me to the principal of why you might want to day trade over buy-and-hold. Gives clear undertanding of how to create marginal advantage for yourself by understaning spreads between bid and ask. I dont day trade but I have stopped buying stocks at market and only buy at limit and otherwise try to take advantage of the spread. This to me was the most important lesson and I have learned it well. I would recommend this book to a thinking person.


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