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Rating:  Summary: Bernstein should offer book of the month!! Review: After reading Jake Bernstein's earlier work, How The Futures Markets Work, I decided to delve deeper into the futures day trading world. This book, The Complete Day Trader II, covers all the, disciplines, psychologies, emotions, and fears potentially affecting the futures day trader. The part I liked the most about the book was Jake's in depth analysis of basic indicators and strategies important to the futures trader. The book also provides an outstanding section describing the different types of orders and when to use them. Because of Jake's background in psychology, the book is loaded with advice on how to control fear and greed. I give this book my highest recommendation.
Rating:  Summary: The best day trading book I have found! Review: Bernstein has another excellent book. He reviews the tactics taught in Compleat Day Trader I and then goes on to elucidate a number of more advanced topics that, like his other systems, give very clear entry and exit points and therefore help to minimize the risk.Jake also again warns of the risks of day trading and shows the importance of developing one's own rules and consistently following them in order to avoid making costly mistakes. I also cannot help but be impressed with an author who plainly states that he is willing to help his readers, provides a means for his readers to contact him, and then actually makes good this statement. I had some difficulty with one of the trading systems Jake presented because the charting program I was using had a mind of its own. While the manufacturer couldn't help me to clear things up, Jake went out of his way e-mailing and faxing me to help work through my system problems, even though the problem has nothing to do with Jake's system. Jake has another highly informative and easily read book which should be on every day trader's bookshelf.
Rating:  Summary: A must have Review: Having read many books on Day Trading and attended courses and seminars, this book added "confidence". It gives you simple systems to work with, 30MBO, InsideDays, Gaps, etc.. It also tells you what the indicators lack and what most traders lack to succeed, discipline. Use the 30MBO but don't change the method. Stick to it. Be disciplined. Aimed at the futures and commodities traders, these methods also work with fast high volume, high votility stocks. I emailed Jake with a question on the 30MBO and got a reply in hours, that's value. I have ordered his next book, "The Complete Guide to Day Trading Stock". Can't wait. I cannot see how anyone (who is not a beginner) would not benefit from this book.
Rating:  Summary: Filler Galore But Not Much More Review: I feel that Day Tader II is really a rip-off as it basically just reguritates most of the material found in volume one. THIS is typical Bernstein -- the goal is dollars from book sales, not educating the reader. Mr. Bernstein does not respect his readers, and this is the sad part because he obviously is a highly intelligent man who probably could contribute a lot to the field of daytrading education if he weren't so needy and greedy. I wouldn't go so far as to call him "Jake the Snake", but I do think he should put more care into the content of his books.
Rating:  Summary: The Compleat Day Trader II Review: This book opened my eyes to many new and valuable timing indicators and methods. With a clear and concise writing style, Bernstein points out many caveats and precautions. The chapters on 30 Minute Breakout and Day of Week patterns were especially helpful, as well as the discussion on Open vs Closing relationships and Inside Days. This book helped me confirm that day trading the commodities market is a tough business, but one that can be learned if you have the discipline and motivation for success. After reading some of the negative reviews, I can only surmise that these people must not have read the book ... they are 'way off base. What's more, Bernstein says we can contact him if there are any questions. That's a rare offer these days.
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