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Books : The Compleat Day Trader II (Compleat Day Trader)

Books : The Compleat Day Trader II (Compleat Day Trader)

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Binding: Hardcover
Dewey Decimal Number: 332.645
EAN: 9780070945012
ISBN: 0070945012
Label: McGraw-Hill
Manufacturer: McGraw-Hill
Number Of Items: 1
Number Of Pages: 232
Publication Date: July 01, 1998
Publisher: McGraw-Hill
Sales Rank: 572045
Studio: McGraw-Hill




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Editorial Review:

Product Description:
The Compleat Day Trader II picks up where the Compleat Day Trader left off. Bernstein provides new trading strategies and techniques soecifically designed for the new breed of intuitive" traders, who create their own system, customized for their own trading styles and areas of effectiveness. The Compleat Day Trader II includes the most up to date strategies and systems for seizing hold of day trading success, including: A separate chapter detailing each system and method; Indicator formulas and system codes; The psychology of day trading.

Amazon.com Review:
The Compleat Day Trader II builds on the ideas presented in Bernstein's first day-trading book, The Compleat Day Trader. This time around, Bernstein focuses on more advanced trading systems and places particular emphasis on the importance of self-discipline in day trading, and he zeros in on the best futures markets to trade, including the S&P 500, Treasury bonds, and European currencies. He peppers the book with cautions about the difficulties of day trading, saying, for example:
The bad news is that it's getting harder and harder to win as the markets become more competitive and as insiders grab onto opportunities before the general public has had a chance to do so. Fortunately, the basic rules of profitable futures trading still apply. Therefore, if you follow the rules, you will improve your odds of success, even though they may be less than they would have been 15 years ago.
The lure of making a living--if not a fortune--on the daily ups and downs of the stock and commodity markets has drawn thousands into this high-stakes game. Just how many profitable day traders there are is impossible to gauge, but judging from message boards and articles in the financial press, it's a safe bet that lots of people lose lots of money. Reading both The Compleat Day Trader and The Compleat Day Trader II should you bring you to the conclusion that while profitable day trading is possible, it requires more than just a passing interest. Proceed with caution. --Harry C. Edwards



Customer Reviews
Average Rating:  out of 5 stars

Rating: 1 out of 5 stars - The Worst Author - Ever
Save your money. Never, never waste your funds on the drivel this author produces!!

A profitable trader would never have time enough to write even one tenth the quantity of words this person produces.

Find traders that actually make money to learn from. There are a few that have written good books.

As starting points:
For equities traders try: Professional Stock Trading
For futures traders try: Trading Day by Day

These are simply ... Read More



Rating: 1 out of 5 stars - Filler Galore But Not Much More
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 ... Read More



Rating: 1 out of 5 stars - Bernstein should offer book of the month!!
Mr. Bernstein writes a book almost every month. He certainly is a prolific writer--my question is when does he have time to trade??



Rating: 1 out of 5 stars - a terrible book
Reading this book is purely a watse of your time. Buying it is absolutely waste of your money.

The only thing you can learn from it is that the author probably makes more money by selling hot topic books than from trading.



Rating: 5 out of 5 stars - A must have
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 ... Read More



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Disclaimer: Futures, forex, stock, and options trading is not appropriate for everyone. There is a substantial risk of loss associated with trading these markets. Losses can and will occur. No system or methodology has ever been developed that can guarantee profits or ensure freedom from losses. No representation or implication is being made that using these methodologies or systems will generate profits or ensure freedom from losses.

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