Binding: Hardcover
Dewey Decimal Number: 332.645
EAN: 9780070092518
ISBN: 0070092516
Label: McGraw-Hill Companies
Manufacturer: McGraw-Hill Companies
Number Of Items: 1
Number Of Pages: 227
Publication Date: May 01, 1995
Publisher: McGraw-Hill Companies
Sales Rank: 613643
Studio: McGraw-Hill Companies

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Editorial Review:

Product Description:
One of the best introductions to the "art" of day trading, Jake Bernstein's best-selling The Compleat Day Trader covers everything from getting started to understanding the intricacies of market analysis to tying it all together in a winning strategy.

Amazon.com Review:
The emergence of the Internet along with the increased volatility of the financial markets have combined to fuel an explosive growth in the interest and practice of day trading. So it should surprise no one that there's a parallel explosion in the number of books about day trading. Jake Bernstein, who has been involved in the futures industry as an author and trader for some 30 years, adds The Compleat Day Trader to this cadre. It offers a solid introduction to day trading and evaluates various techniques and strategies, including moving averages, intraday application of stochastics, support and resistance, gaps, and scalping. Bernstein spends several chapters discussing trading psychology, and he sees successful traders as developing a balance between technique and "art." He writes:

My experiences as a trader have led me to the conclusion that successful day trading is built upon a unique foundation combining art and science. If pressed to "guesstimate" as to the proper mix of both qualities, I'd say that approximately 70 percent of successful day trading consists of technique or science and 30 percent skill and/or art. This, however, would be a misleading statement inasmuch as both elements are symbiotic; without one, the other would be ineffective. The successful day trader combines both elements synergistically to produce profits, consistency and longevity.

As he does in the sequel to this book, The Compleat Day Trader II, Bernstein shows an obvious preference to futures trading, but many of the techniques described should apply to other markets as well. --Harry C. Edwards




Rating: - To much technical stuff. Needs practical ideas
The book is good if you want to depend on technical strategies to make money day trading.

The stock market is always presenting us with trading opportunities that don't neccesarily have to do anything with technical analisys.

As a day trader your homework is all about studying and testing different market strategies that will help you take advantage of stocks and at the same time protect your investments. Just always keep in mind that a good strategy is simple and practical. ... Read More

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Rating: - A COMPLETE WASTE
Take my word for it and save your money, the techniques in this book simply do not work!

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Rating: - A professional trader writes 25 books?
Trading especially short term trading need great concentration and a full-time commitment. Professional traders write few or no book.

Mr. Bernstein's books and articles are everywhere. Sometimes I came across his publications, I scanned through a few pages to see what he had to say about trading. Mr. Bernstein makes statements which are generally safe and easy to say. For example, I read his article the other day. He tells the readers "Do your homework.", "The trend is your friend." etc. ... Read More

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Rating: - For hardcore day traders, and straight to the point
Most books for "day traders" are so general that their techniques and advice can be successfully used by swing-traders (those who keep stocks for several days), and even by longer-term investors. This one is different. The author, Jake Bernstein, strongly advocates real day trading, when no securities ever kept overnight. Therefore, his techniques are usable for very short term trading only.

The advantage of this book is that it has very little general rhetoric and comes straight to the point, ... Read More

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Rating: - Very informative & and packed with helpful information
One of the most difficult things involving the markets, regardless of what you trade is timing.With this book, Jake not only gives you suggestions for timing indicators, but he also gives you some strategies to follow and shows real time examples which are clear and very detailed. In this book, Jake share his extensive knowledge about systems, strategies, technical indicators, and trading systems. I have purchased many trading books and this one is CRITICAL for your success as a trader. One more point ... Read More

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