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Day Trading on the Edge: a Look-Before-You-Leap Guide to Extreme Investing | 
 enlarge | Author: Leslie N. Masonson
Publisher: AMACOM
Category: Book
List Price: $29.95
Buy Used: $3.99
You Save: $25.96 (87%)
New (1) Used (16) from $3.99
Rating:  15 reviews
Sales Rank: 990390
Media: Hardcover
Edition: 1st
Pages: 383
Number Of Items: 1
Shipping Weight (lbs): 1.6
Dimensions (in): 9.3 x 6.4 x 1.4
ISBN: 0814405738
Dewey Decimal Number: 332.6402854678
EAN: 9780814405734
ASIN: 0814405738
Publication Date: November 2000
Availability: Usually ships in 1-2 business days
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Product Description
A Look-before-You-Leap Guide to Extreme Investing
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| Customer Reviews: Read 10 more reviews...
 Not Very Useful, But Has Some Insights May 17, 2005
R. Sandridge
5 out of 5 found this review helpful
As others have said, this book really doesn't tell you anything about trading. Instead, it focuses more on what kind of person would make a good trader. It reminds me of the articles about different professions my high school guidance counselor gave me when I was a kid.
There are many contributing writers to this book, which is a bit confusing since the cover only mentions Leslie Masonson. It appears he was basically the editor of the book, who also wrote a few chapters. He conducted a survey, and published the results, which is worthwhile, and could be interesting to prospective traders.
I found Chapter 11 on tax evasion (er, I mean planning) by Ted Tesser to be written poorly. I haven't read something so repetitive since Wade B. Cook's "Wall Street Money Machine". Tesser has a few ideas (which may be good, who knows), which he repeats (often in bullet form) over and over again. I couldn't imagine buying Tesser's book which he plugs in that chapter. Just hire a tax attorney... might cost more up front, but the at least you won't be wasting your time.
The last few chapters contain interviews with many different traders. Masonson plugs each of their websites (about half of which are out of business as of May 2005). Some of these traders seemed to have intelligent advice, others seemed to barely know what they are doing themselves.
In summary, I found this to be another run of the mill book on trading. Like so many books on the subject, you feel like the main goal of the book was to promote other businesses offered by the writers. I suggest if you still want to read it, you do as I did, and borrow it from your local library rather than waste your $$.
 One of the dozen February 15, 2003
tuitionh (Ventura County, CA USA)
3 out of 6 found this review helpful
If you want to be successful in this field. You probably need minimum a dozen books for perodically refreshing your mind. Just like you need a minimum 12 stocks to achieve the diversification.This one will do the job. I doubt you have the time to go over all the books ever published in this field. I have heard the importance of money management in every of the hundreds book I have read in the past few years. I believe it is true. But this is the only book finally push me to the immediate action. After I spent whole afternoon do a experiment try to veryfy the statement on Percentage of Risk on page 184. I only did 33 tosses instead 100 tosses. I also believe day trading is hard. But just as the old adge "you will not shed the tears until you see the coffin." This book will do the trick. This book give you some of the other side truth. This the second time I read this book. Both time by borrowing it from local library. Now I am going to buy one for keep. Even though not every chapter is to my liking.
Great overview/introduction.. February 18, 2002
2 out of 4 found this review helpful
I have been looking into trading in general for the last 2 months or so. I strongly believe this should be one of the first books to be read.Why such a strong recommendation/endorsement ?? Because of a very interesting survey and discussion about the success rates of day traders and their age profile for example. How much money did aspiring day traders make during the first 6 months ?? And so on .. So it is a strong overview of the industry. It is available in the local library for me. If it weren't I wouldn't have bought it because some of the reviews on this forum were so negative. But I did read it. It is a great source of information ..
Some interesting tidbits. December 10, 2001
Jack McGrath (Cyberworld, USA)
3 out of 3 found this review helpful
This was a fun book to read if you like trading books in general. There are some good points on system selection (almost too much), tax tips and an interesting section on Psychology. The interviews with traders are very general and do not contain any information on strategy of the traders. Had the interviews contained more strategy and less chit chat, this would be an excellent selection. As is however, just so so..
 do not buy this book May 10, 2001
trader Mike
13 out of 15 found this review helpful
If ever I have bought a worthless piece of #### this is it. This man has absolutely nothing useful, except to warn you time and again not to be a day trader. He repeats the same very basic concepts in all the beginning chapters. I learned nothing useful except a ton of webpages and daytrading courses offered by the daytraders who he interviewed complete with thier 800 numbers....A real waste of ... I kid you not.
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