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Electronic Day Traders' Secrets: Learn From the Best of the Best DayTraders | 
 enlarge | Authors: Marc Friedfertig, George West, Jonathan Burton
Publisher: McGraw-Hill Trade
Category: Book
List Price: $29.95
Buy Used: $0.01
You Save: $29.94 (100%)
New (17) Used (32) from $0.01
Rating:  63 reviews
Sales Rank: 362760
Media: Hardcover
Pages: 240
Number Of Items: 1
Shipping Weight (lbs): 1.3
Dimensions (in): 9.1 x 6.3 x 1.1
ISBN: 0071347674
Dewey Decimal Number: 332.640285
UPC: 639785311188
EAN: 9780071347679
ASIN: 0071347674
Publication Date: March 31, 1999
Availability: Usually ships in 1-2 business days
Condition: some wear - marks
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| Editorial Reviews:
Amazon.com Review
The literati of the day-trader universe, George West and Mark Friedfertig helped to popularize day trading with their bestseller, The Electronic Day Trader. Their second book, Electronic Day Trader's Secrets, written with Jonathan Burton, is a collection of interviews with 13 successful day traders. Whereas their previous book looked at the mechanics of day trading, this book considers the people who trade. And what's most striking about the traders interviewed is not their various trading philosophies, but what they have in common: male gender (young men--half under 30); similar backgrounds (most were either brokers or floor traders before they became day traders); the stocks they trade (NASDAQ high flyers: Intel, Cisco, Amazon.com, Yahoo, Dell); the money they lost when they started (lots--Eric Fromen is typical: he lost $53,000 in his first six months of trading); and their current success (why else would they be interviewed?). With chestnuts such as "Flexibility is a key to successful day trading" and "Controlling your losses is key to not digging yourself into a hole," the book may ring hollow to those seasoned in the art of speculation (consider Edwin Lefevre's classic Reminiscences of a Stock Operator, instead). But if you're looking for a major course correction to your current day-trading tack, you should find useful guidance here. However, those uninitiated to day trading should watch for sandbars. This book dangles the possibility of lucrative careers for successful day traders, which for many is simply an oxymoron: matching wits with Wall Street's best (not to mention these guys) can be the quickest way to the poorhouse. But if you fit the profile above, have money to burn, want a fast and exciting career, or are just simply curious, Electronic Day Trader's Secrets is a tantalizing glimpse into what interviewee Jim Shaw describes as "the church of what's happening now." --Harry C. Edwards
Product Description
Today's hottest electronic traders tell others how to get in the game. More than 3 million investors trade electronically today...14 million accounts are predicted by 2002...Business Week, The Wall Street Journal, and The New York Times sing the praises of electronic trading. From the authors of the investing bestseller of 1998 comes Electronic Day Traders' Secrets. Featuring exclusive tales of the e-traders who are setting the curve--and making up to 80,000 a day! They talk about how they started; they tell heart-stopping stories of making a year's salary with the flick of a finger; and they share tips and strategies for making incredible fortunes in this exciting, quick-turn-around market. Friedfertig and West--pioneers and innovators in this high-stakes phenomenon--support the interviews with insider insights, background, and hands-on instructions for becoming an e-trading success.
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| Customer Reviews: Read 58 more reviews...
 time to quit the day job? April 18, 2007
M. Williams
This book was as exciting as it was informative. For what it was intended to accomplish it has hit the mark. Some readers who are searching for TA or charting won't find it here. But those wanting to know the mental and emotional aspects involved in day trading (many traders consider this the biggest challenge)will be pleased. More importantly, you will know by the end of this book whether day trading is for you.
The book is fun to read, but could use a few well defined strategies September 21, 2005
Morning Breakout
4 out of 4 found this review helpful
This book has a good number of exciting stories from several people that went from "wannabe" traders losing money to wealthy and confident money makers. The problem is that the book needs more in depth strategies that can serve you as a step by step guide on how to make it as a day trader.
Stock trading is a very competitive field and in order to succeed you need to FOCUS on a set of simple strategies that you can implement without hesitation.
The trading method you employ to approach the stock market will make a big difference in your results.
To many people want to discover what's the big secret to making money as a day trader. The real " secret " of the stock market game is enclosed within the trading set ups and market signals you rely on to decide when to buy or when to sell shares.
So the clearer your signals are, the faster you can spot a potentially profitable trading scenario and act on it reducing your risk.
Complicated technical systems and information overload can make you slow and confuse you right from the start, making you loose money instead of making your profits grow.
Fortunatly some sites on the web do offer more effective and updated day trading information. One of those sites that can show you how to trade using simple to understand and apply trading strategies is Hot In Play Stocks ( HotInPlayStocks com )
They focus mainly on momentum stock trading strategies, that in my opinion are easier to implement than many other technical systems outhere.
Stock trading doesn't have to be complicated as many people perceive. But you do need to follow a well organized set of rules and tactics, that once you master them, you can aspire to replicate profitable trades with consistency.
 Technical techniques may be dated, but not the psychology February 8, 2004
1 out of 1 found this review helpful
This book is almost as interesting as the Market Wizard books. You may not be able to apply some of the technical techniques that the interviewees used anymore, but the psychological insights they give will always be applicable. If you're hooked on trader biographies and their approach to the market, as well as short-term trading, I think you'll enjoy this book. Like the Wizards books it hammers in the importance of discipline. Most of the subjects trade a little differently, but they all learned risk parameters early on. Granted, we don't know how they did outside of a bull market, but the point was that they did far better than the norm during the market of their time. And how you do in the present in relationship to the general market is what measures your performance whether you're a day trader or a mutual fund manager.I'm more of a swing/intermediate-term trader, but I found some of the technical and psychological insights helpful in picking intraday entry/exit points. I paid $.90 for this book used - that's right, 90 cents - and I'd have to say it's the best book bargain I've ever purchased. I had a hard time putting it down.
 New traders beware and old traders warning danger! January 16, 2003
Golden Lion (North Ogden, Ut United States)
8 out of 9 found this review helpful
The author book is a composite of interviews with a variety of day traders. The book follows a question and answer style of writing. Actual technics and methodologies come secondary and are replaced with interview narratives about to pattern recognition, psychology of trading, and experience. Each chapter highlights a different trader who shares their story of success or failure. Most having survived early trading mistakes and bloated egos managing to change lossing strategies into winning reactions. Most of the traders emphasis flexibility, game plans, pattern recognition, understanding the trading crowd, price and volume, risk managment, and staying ahead of the pack. The book is easy reading and selects from a select group of day trader for opinions. Most of the assumptions are contrary to the book "The Master Swing Trader: Tools and Techniques to Profit from Outstanding Short-Term Trading Opportunities". This tells me the author is interviewing the celebrities of day trading. Warning danger! If a new trader followed their trading advice it is likely they would be crushed within hours. With high speed internet connections and powerful software and computer more traders will fail quickly than any other time in history. What amazes me is that the author does not warn the reader to approach each story with a dose of healthy sceptism, as if, the hype from the interviews is necessary to encourage others to risk their assets for a chance of obtaining rankings in the gold spoon club. I think more of the questions should have focused on the consequences of failure while day trading so the reader could see how high the stakes are for these day traders. All the interviewees agreed that once trading starts there is no beginners clubs. Trading may be against some of the best day traders in the world. These traders have no reservation about their desire to win. They are willing to admit failure and quickly get out realizing they want to win over the long run. In short this is an narrative of the forces of fear and greed that drive price and volume in the stock market.
The last chapter on money management is the best August 10, 2002
1 out of 1 found this review helpful
The last chapter on daytrading money management is worth the
price of the books alone.In that chapter Friedfertig and West tell us the real secrets to (day)trading. There are dozens of successful daytrading patterns.
But you wont keep a dime unless you follow advice in the last chapter.
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