Rating: 
Summary: can be profitable if you screen, sreen, screen
Review: I have been trading for many years and have won several stock-market awards....This system will work if you follow Farrell's Rules that he pounded in our heads but he also mentioned some crucial rules only once...so if you skipped lots of pages because of the repetitive thoughts and ideas, you better read it again. He lists hundreds of stocks in the book but only a select few during select times of the day can with no doubt turn a profit. A lot of concerns with partialfills....just choose stocks trading over 150,000 shares (I promise they are there)...no problem getting in and out of a position such as this if and only if the spread looks something similar to this: 8 to 8.1875 bid size----5500 * 5000----asksize. This is just one of tons of similar opportunities but my point is that both the bid and ask ordersizes must be low....If you sit at that computer and keep checking your list of 10 you will find these opportunities and will make money--it may be a lot of waitng around and searching (stressful,frustraing, and sometimes boring) but hey you're at work. To limit your risk put a sell-floor limit such as $7.75 (up above example) in the rare case this 0 beta stock will even move an eighth much less a quarter. I've studied many monthly,yearly,3years, 5year charts on these stocks and the right stock fluctuates within $7-$12 trading range over the longterm and fluctuates about 25 cents monthly. HOw can you lose big money this way...Once you master the screening process and know what to look for and join DLJ Direct not etrade or ameritrade for fast dependable executions you will profit from this strategy. The important thing is that your onlinebroker has CONTINUAL real-time quotes opposed to getting snapshot real time quotes and having to click back and retype the ticker in - it will kill you. also, you need bid/ask spreads and sizes with quick execution.....try it out with $5000 of your money and $5000 of brokers. With floors and limits there is no way to lose big--aim for 7/10 profittable trades..... Notice that most of the critisizers are market makers and they are sick and tired of us taking food out of their mouth!!! people practice this strategy all day long--I watch and see so many opportunities vanish in seconds--suck it up and move on-Farrell warned of the disadvantage of the online trader..If you work hard you'll get 'em .....its an adventure .....please e-mail me with comments---anyone!
Rating: 
Summary: THIS BOOK IS COMPLETELY WORTHLESS
Review: Sitting on the computer all day to make 1/16ths? What complete nonsense. This book is completely worthless.
Rating: 
Summary: How the heck can you make a 100% annual return this way?
Review: After working through a detailed calculation of a hypothetical trader scalping for teenies, I figured out that someone who has at least $350K in risk capital and seven or eight open positions at a time can realistically expect an annual return of about 16.5% before taxes. Of course, you could do at least as well in an index fund with a lot less risk capital and a lot fewer headaches. Through a mutual acquaintance, I forwarded my results to Chris, who pretty much agreed with them EXCEPT to say that, if the hypothetical trader held on to rising stocks during the updrafts instead of selling at the 1/16th tick, the returns would be much higher. Okay, that makes sense. The question then becomes: how frequently can you expect these "updrafts" to occur, and how large is the average one likely to be? Since Chris apparently isn't interested in posting his trading records on the net, perhaps his supporters can give me an idea about how well they've done with his approach. I'm very curious.
Rating: 
Summary: Good book for beginners
Review: Hi everyone. Is there anyone out there from the New York City area who is willing to buy the Omega Tradestation and split the cost?Or maybe someone who already has it and is willing to let me copy it for a small fee?thanks
Rating: 
Summary: Excellent Book, Chris
Review: I have learned much. I have read the book three times and I learn a little more each time. I have tried both the teenie method and the Nasdaq faster pace method and they WORK for me. I have now switched to a lower cost online broker with real time streamer included to save more on costs. Interquote is wonderful but a little costly. Anxious to try "after hours trading" now. I hope this means another book from Chris. How about it, Chris, do you have one in the works?
Rating:
Summary: WORTHLESS
Review: I HAVE BEEN TRADING FOR 22 YEARS, AND WAS GIVEN THIS BOOK BY MY SON. IT IS RIDDLED WITH ERRORS, AND MUCH OF WHAT THE AUTHOR SAYS IS COMPLETELY INCORRECT. IF YOU BUY THIS BOOK AND FOLLOW THE STRATEGIES WITHIN, YOU WILL NO DOUBT LOSE MONEY!
Rating:
Summary: Very pleased, would strongly recommend
Review: I got exactly what I wanted from Day Trading Online. I was informed in an easy to understand manner, entertained, and encouraged to appreciate the potential risks and rewards of day trading. I would recommend this book to anyone with even a remote interest in day trading.
Rating:
Summary: A good book for a beginner
Review: Of course there is a lot of repetition,sometimes a little too much.But I learned while reading and at the end of the book I knew how Farrells method works. Itis a book for beginners who are willing to follow his path.-And it was easy to find an US- broker who accepts trades for 9.95.That is less than here in Germany.But most importent is:It works!
Rating:
Summary: An excellent book for the novice/beginning day trader.
Review: Here is a book that is written for the "regular" guy. Chris' style of writting is "folksy" and I like that. As I read his book, I felt he was there talking to me. It read easily. Yeah, I know, there was some repetition --- but that style sure brought home the point. After all, isn't repetition and important method of driving home a concept? All you complainers out that there that gave Chris a "1 star", how about you writing a book and letting us know how great you are. I'll bet you won't even give it a second thought. Sure is easy to be a "critic" than be creative.
Rating:
Summary: Pretty good but repetitive, narrow focus
Review: I skimmed through this book recently at a Borders Bookstore to see if it was worth buying through Amazon, since I now buy most of my books through Amazon. (Does that make me evil or what?) My thoughts are: 1) Great education on the specialist and market maker system. 2) Book is too repetitive. Good, but repetitive. 3) His trick for trading in the spread and taking some of the specialist's profits works, *if* you find the right stock and trade in high enough volumes, with low-enough commissions. 4) I started testing his method in an AMEX stock, but since I could only afford buy 300 to 500 shares at a time and pay $19.95 per trade, I had to make at least 1/8 on each round trip to profit. Waiting for the 1/8 movement takes a lot longer than waiting for a 1/16th, as Farrell recommends. 4) I've made 2 successful round trips so far and anticipate a 3rd soon, but my profits are tiny tiny tiny (like from $7 to $22 per round trip, after commission). 5) When I have more capital available, I hope to be more profitable, like the $128 per round trip while scalping 1/16hs, the way Farrell outlines. Time will tell. 6)The book also has a very short section about day-trading mommentum style (instead of bid-ask spread scalping). The techniques mentioned sound great, but I'm too poor and too chicken to try them right now. 7) Oh wait, The BEST part about using his technique is not the measly $32 I made so far, it's the sense of satisfaction I got from goosing the specialist. With patience and the right stock, you really can buy on the bid and sell on the ask, for NYSE/AMEX stocks) instead of the other way around. Summary: If you want to understand the system of specialist (NYSE) vs. MM (Nasdaq) and you want to make $128 per round trip scalping teenies all day, BUY THIS BOOK NOW. The enjoyment I got from goosing the specialist is delicious (I just hope he's not reading this review). If you want to play mommentum day-trading, or score big every day trading volatile internet stocks, buy some other day-trading book.
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