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Digital Day Trading; Moving from One Winning Stock Position to the Next

Digital Day Trading; Moving from One Winning Stock Position to the Next

List Price: $40.00
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Product Info Reviews

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Rating: 5 stars
Summary: better than most of the other day trading books
Review: A lot of information, worth a read and the money. Read this book it will teach you how to get a grip.

Rating: 5 stars
Summary: Best of the day trading books by a proven market-maker
Review: As a long time Wall street market maker I am most impressed with Mr. Abell's general approach to the market as well as his specific methods for short term moves and market "swings".Abell's approach is sound because it is based on well proven strategies of risk and money management.His patterns are well calculated and tested.

I found the overall organization of his book to be eminently readable as well as significantly infomative with knowledge that only a real professional could possess.In my opinion,based on 20 years of first-hand experience,this is the only book currently available that fully captures the psychological and methodological understandings of the professional trader.

The chapters on technical analysis,though very competent, are a mixed blessing:there is too much information for the novice and the seasoned pro will crave more detail about Mr. Abell's elegant technical approach to day trading.

The interviews with Kirchner,Jamail and Shallowitz--all seasoned pros-- are also highly infomative but in truth require some market knowledge to fully appreciate the subtlety of their thinking.Individuals with little or no experience may not realize how infomative these interviews are really as it relates to the imperatives of psychological considerations and risk calculation.

I believe almost any trader or would be investor will benefit from reading Abells fine book.

Rating: 4 stars
Summary: A lot of good information
Review: Discipline and more trading discipline is the message of this fine book. Why don't people get that message? If you only get that one idea and learn how to trade it how can't this book not be worth its price and get at least 2stars! I am an onliner trader who got many great ideas from this book. What else is there to say?

Rating: 1 stars
Summary: 0 STARS
Review: I don't know who wrote the other reviews, but i guess they were abell's relatives. This is the worst book ever. Two pages of real information. I learned absolutely nothing from this book. After reading lynch, o'neil , motley fool and many other great books; I am insulted by this book.

Rating: 4 stars
Summary: Good Day Trading Boook
Review: I have now read 4 of Howard's books and think they give a lot of useful information to traders. I recommend this one and The Electronic trading of Options. Day Trader's Advantage is also very good. I also like Murphy's and Schwager's books.

Rating: 5 stars
Summary: Best of the Electronic Day trading Books
Review: I have now read all the electronic day trading books that are on the market and believe based on my knowledge of Wall St.(20 years) and my day trading experience(since1994)this is by far the best book on the subject.I say this for the following reasons: 1.Abell offers a day trading approach that is sensible based on calculated money management principles and market discipline. 2.His technical analysis is well reasoned and is executeable.His risk/reward formulations are viable. 3.His explanation of the level 2 screens and windows(which are often complicated)provides a significant benefit to the trader. 4. His writing style regarding market philosophy though simply written is extremely sophisiticated in terms of his understanding of the operations of markets. 5.The trader interviews are the best by far--The traders interviewed are much bigger and experienced traders than the ones in the "secrets"book. 6.Abell's understanding of trader psychology alone justifies the importance of this book and makes it well worth rerading. 7.The so called "filler" is information that comes in in my copy in the appendix(listed trading stocks and in my opinion valuable trading screen description)-after 200 pages of significant trading information.Compare this with only 150 pages in The Electonic Trader.

In my judgement learning the lessons, techniques and understandings Abell has written about will certainly improve or fine tune anyones trading performance.

Rating: 2 stars
Summary: lots of pages and little content
Review: I read about five books on trading techniques in the last four weeks before writing this review, and liked this one least of all. I never actually count pages in a book when writing a review, but I was so much surprised how such a (considerably) thick book can contain so little useful information that I made an exception. Judge by yourself: the structure of this book is as follows:

The first 35 pages (sec. 1-3) is a broad introduction into the psychology of successful day trading, which says all correct things but its style is so dry that you would rather skip to the next section than to read it carefully. Even if you do read every word, you will get such absolutely correct but next to useless statements as the following recipe for successful trading (p.33): "1) identify an opportunity, 2) take immediate action (buy or cell), and 3) feel good no matter the result as long as the trade is consistent with you specific method or technical bias and was based on probability".

The second part of the book (Sec. 4) uses another 50 pages for interviews with several successful traders. This section is not too bad, although one cannot expect to learn much about techniques of successful individuals (even assuming that they are willing to disclose all their secrets) from 6-10 page-long interviews.

The third part on technical analysis is the most useful part of the book. It discusses how to identify trends and select entry points. Unfortunately, the charts used to illustrate the text are too numerous and large, and the text itself tends to be somewhat on the side of general statements. It is sufficient to say that about 50 out of 80 pages in this section are charts, and in my opinion only about 10 pages contain really useful concrete practical wisdom. These 10 pages were very useful since they suggest analysis techniques which I have not seen anywhere else, but its only 10 pages out of 260!

The rest of the book, about another 100 pages, is essentially a large appendix with lists of all NASDAQ and S&P-500 stocks, long excerpts from the TradeCast 3.0 user manual (who needs this section? those who bought this program had presumably gotten the full manual, and those who do not own it do not need these excerpts), and a glossary.

My advice: don't waste your time and money, there is so many better books around than this one.

Rating: 5 stars
Summary: The "reality"of day trading
Review: In this very good book-in my opinion the best of all the electronic day trading books-the author presents how lucrative day trading can be,never failing to mention its many psychological and technical challanges.

Mr. Abell has the knack of taking difficult trading ideas and then crystalizing them to their essence.He deals with day trading issue by issue:

a)The psychology of successful day trading b)The essential strategies and tactics of winning day trading c)How to use price charts and technical analysis profitably d)How to exploit a market set up and directional trade e)How to read Nasdaq level 2 screens and react to them like a market-maker f)how to calculate risk and adhere to workable money management principles

I believe the true an d continuing value of this book(you will want to refer to it repeatedly as a trading manual)is in its very realistic and business-like approach to day trading.Day trading is very profitable but you must realize it is not a get rich quick scheme--I believe that is why Digital Day Trading is the best of all the current tading titles.

Rating: 2 stars
Summary: WHERE'S THE BEEF
Review: Pages 3-50 of this book is dealing with some what useful information, for the novice invester. Pages 51-70 testimonials from professianal Traders is exciting and interesting. I found from pages 80-175 useful and worth my reading, I must mention that half those pages had charts. Pages 177-196 names and stock symbols, again probley for the novice. Pages 197-256 Appendix B Excerpts from the TradeCast 3.0 user manual, why I would want this unless I was going to buy the program and my hope would be that the manual would cover this, and then again maybe this book is the manual for the program and they just forgot to send the program?. Pages 257-267 Glossary, Further Reading, and the Index.

Summary-For $40.00 and 269 pages, I found 90 pages (half of those charts) dealing with the Authors title(Moving from One Winning Position to the Next) or as a very famous advertisment slogan goes..... WHERE'S THE BEEF

Rating: 4 stars
Summary: Good but repeated info from "day traders advantage"
Review: This is a good book on day trading and short term trading. The author focuses on a "swing" approach rather than scalping, etc. The actual trading contend is literally almost identical to the authors other book "The day traders advantage". THe book also has a large amount of filler material between pages 177 and 256. (index component listings, tradecast users manual). I found the most interesting part of the book (since ive already read "day traders advantage") to be the new interviews. Overall its a good book. If you already have "day traders advantage", consider if a few new interviews, some basic stock specific info, and the mentioned filler is worth it, as most of the other info is a repeat.


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