Day Trade Online

I have been applying the "Teenies" strategy, discussed in Christopher's book, for over a year and a half. The cashflow I bring in daily averages from $600 to $900. That's the net from both my winning and losing trades. The are two brilliant, yet simple elements to this strategy. The first is the focus on singles, not home runs. Home runs are the illusions that kill most daytraders today. The second key element involves limited risk. This strategy sets you up to be disciplined. You don't need a whole lot of money to make this work and you don't need to put your entire portfolio into each trade. You put on a bunch of small trades which limit your risk while increasing your odds of success. Best of all, the "teenies" strategy works in all types of markets (up,down, sideways). A book worth reading? Absolutely! It's paid for itself many times over.Kirk H. Alamo, CA

This was the first book which actually introduced me to the principal of why you might want to day trade over buy-and-hold. Gives clear undertanding of how to create marginal advantage for yourself by understaning spreads between bid and ask. I dont day trade but I have stopped buying stocks at market and only buy at limit and otherwise try to take advantage of the spread. This to me was the most important lesson and I have learned it well. I would recommend this book to a thinking person.

By far, this is the BEST book on online trading. Mr Farrell's methods make perfect sense and the beauty of it are their simplicity. I suspect this (the simplicity of the methods) is why so many reviewers here rated the book so lowly, because they simply couldn't swallow the fact that they could have thought of it and wrote the book first before Mr Farrell.For one, Mr Farrell is neither a gambler nor a risk-taker. His methods, though won't make you an instant millionaire unless you have a few million dollars as risk capital yourself to start with, are nevertheless almost fool-proof. If you have the patience and are not overtaken by greed, you can actually make a decent living as an online day-trader if you follow the book throughout.I was holding a day job and contemplating quitting the job and becoming a full-time day trader for quite some time till this book came along. Now, I'm able to make a decent living as an online day-trader, thanks to Mr Farrell.

I've read Farrell's books several times and have been trading the way the book says for a few months - I made over $7,000 last month - I've refined the strategy to fit my risk profile - avoid illiquid stocks and stick with NYSE listed, more active low priced stocks instead- even ones that trade 1,000,000 shares a day are great, so long as they are below $10 per share - I really think it is the best daytrading book written because it caters to the online trader, not the high end daytrader- apply the teenies strategy to low priced stocks that have bottomed and you have a very good chance of making money - I have - and, avoid the dogs - for instance, a $5 stock that may have come down from $20 over a few days but has stopped falling and is picking up on high volume - stocks like that are done falling -the strategy works even better by lifting offers and then offer a 1/16th point higher on a limit - it is like initiating momentum - the genius of the this book is that the strategy exploits the online brokers - you can trade 5000 shares at a time of a $5 stock and make a 1/16th once a day and make out nice and really anger the online brokers in the process - my best trades are making 1/4's on 5000 share lots - buying a 5 3/8 and selling at 5/8 - thats $1250 bucks on a $10 trade commission - not to shabby - if it goes against you, just get out and lose a 1/16 - no big deal -thanks for a great book -