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Net-trading: Strategies from the Frontiers of Electronic Day Trading

Net-trading: Strategies from the Frontiers of Electronic Day Trading

List Price: $30.00
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Product Info Reviews

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Rating: 3 stars
Summary: Good book, but...
Review: ... do not believe the foreword: this is not for a starter, even if in the very first pages the author uses often the magic words "for beginner". I would call it the critical yellow pages of net trading. Lots of internet sites listed that can be of interest, but if you are the kind of person that can find everything through Altavista or Yahoo (or any other search engine), then you are better off by yourself: you will find much more. If you want to be fast and do want to invest your money but not your time, then the book can be useful. If you are a beginner, the strategies explained are clear only after you have studied a good book on Technical Analysis (TA) and studied on the net for few weeks: then you'll appreciate the book (sometimes some indicators achronyms are not even explained!). If you know TA and Stock and Future market, it is a very good window on the web, but again, only if you think that you are not a good web explorer. Why three stars? In the preface to "Beyond the Good and the Evil" Friedrich Nietzsche clearly states what's the scope of the book, and if you are brave enough to go further on, you'll discover he did what he promised. Not the same with this net trading book. I am not saying the author is lying to sell more copies, I am saying that he was not able to judge his own level of complexity.

Rating: 4 stars
Summary: A good primer for novice traders
Review: ... do not believe the foreword: this is not for a starter, even if in the very first pages the author uses often the magic words "for beginner". I would call it the critical yellow pages of net trading. Lots of internet sites listed that can be of interest, but if you are the kind of person that can find everything through Altavista or Yahoo (or any other search engine), then you are better off by yourself: you will find much more. If you want to be fast and do want to invest your money but not your time, then the book can be useful. If you are a beginner, the strategies explained are clear only after you have studied a good book on Technical Analysis (TA) and studied on the net for few weeks: then you'll appreciate the book (sometimes some indicators achronyms are not even explained!). If you know TA and Stock and Future market, it is a very good window on the web, but again, only if you think that you are not a good web explorer. Why three stars? In the preface to "Beyond the Good and the Evil" Friedrich Nietzsche clearly states what's the scope of the book, and if you are brave enough to go further on, you'll discover he did what he promised. Not the same with this net trading book. I am not saying the author is lying to sell more copies, I am saying that he was not able to judge his own level of complexity.

Rating: 5 stars
Summary: The Next Level in Online Trading
Review: A very detailed and timely title that takes online trading help to the next level. The strategies are well presented. The first section on system development, why so many systems fail, what a good system tries to capture.

The book details the best web sites for executing these strategies and where to get them. All in all the best yet of all the online trading books.

Rating: 4 stars
Summary: A good primer for novice traders
Review: As well as introducing online trading sites and brokers, there is coverage of some new trading strategies, trading systems, psychology, and money management.

The actual process of choosing an online broker or finding a useful website can be quite an ordeal searching directly on the Internet so this book is a good starting point. I imagine that these sections need to be updated every 2 years or so because they will be prone to rapid change while the Internet is a new medium.

Technical analysis is at least introduced but the new trading strategies given are not explained well enough even for experienced technical analysts. They'll certainly be of more harm than good to novices. These strategies seem hurriedly written - they lack detail and charts were incorrectly numbered and sometimes inappropriate.

The remainder of the book has little to offer the relatively experienced trader who would need more detail if any at all in the above mentioned topics. However, they are introduced well and are valuable for novice traders. There are lots of insightful passages taken from bulletin boards and interviews with professionals.

Rating: 4 stars
Summary: Net trading -- pun intended
Review: I think alot of these people missed this book; it's about NET trading or using the Net to increase or give you NET gains. It's about building your own trading system and not relying on a canned one or at least knowing why the canned one works the way it does. It's not about surfing the NET for the latest site. .... I had some sour trades & by working with Al & his links I was able to refine some of my methods & see (backtest) why they had gone wrong. Two caveats are in order: Some of the links are either dead or will redirect. Second, if you are not using Metastock for your technical analysis you're gonna wish you were. When I started the book, I was using Worden's TC2000; thanks to Al I went to Metastock & again another improvement. And that's what I think Al is best at; helping you refine and organize your system & feel 'comfortable' with it i.e. refine & tune it so you can stick the bear and not he you. I liked this book so much, that I am going to buy another Al book. And read this one again; I think there are sections that are real gems. Thanks Al. All the best, mate.

Rating: 4 stars
Summary: Net trading -- pun intended
Review: I think alot of these people missed this book; it's about NET trading or using the Net to increase or give you NET gains. It's about building your own trading system and not relying on a canned one or at least knowing why the canned one works the way it does. It's not about surfing the NET for the latest site. .... I had some sour trades & by working with Al & his links I was able to refine some of my methods & see (backtest) why they had gone wrong. Two caveats are in order: Some of the links are either dead or will redirect. Second, if you are not using Metastock for your technical analysis you're gonna wish you were. When I started the book, I was using Worden's TC2000; thanks to Al I went to Metastock & again another improvement. And that's what I think Al is best at; helping you refine and organize your system & feel 'comfortable' with it i.e. refine & tune it so you can stick the bear and not he you. I liked this book so much, that I am going to buy another Al book. And read this one again; I think there are sections that are real gems. Thanks Al. All the best, mate.

Rating: 4 stars
Summary: readable and real advice
Review: Too many trading books just push the author's own proprietary system. In this one Alpesh B Patel has nothing to sell, just plenty of personal experience to share (he's been there as a beginner; he started trading in his spare time as an attorney, and now also writes a net-trading diary column for the Financial Times newspaper). What we get here is a book that covers every base and carries the reader with it. Patel also pulls in expert tips form the pros - names like Pat Arbor and Phil Flynn - but what makes this one different is that he's also enlisted the help of the trading community in chat rooms and trading site to chip in with their experiences and trading lessons. A nice touch in a book that worked hard for me.


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