Digital Day Trading: Moving from One Winning Stock Position to the Next

You need to have some experience to appreciate this book.Highly informed and well thought out trading plan. Also good interviews and trading psychology.

I bought Abell's book after I saw him speak on Power Lunch with Bill Griffeth on CNBC. I was impressed with his depth and experience. He was a profeesional market maker and NOT a broker or day trading house exec.I called him with a question I had about the market and found him very generous with his time.His method does work and I would strongly recommend it. The keys to his trading is discipline------------which he operationally defines and strategy and calculation when it comes to managing your money and trades. This book in no way is about hyping a get rich quick agenda. In fact, just the opposite. The strategies and approach are very conservative in theory -active in implementation like a grand master chess player! I thought the Tradecast user information was good and helped me choose the front end screen software.

As a long time Wall street market maker I am most impressed with Mr. Abell's general approach to the market as well as his specific methods for short term moves and market "swings".Abell's approach is sound because it is based on well proven strategies of risk and money management.His patterns are well calculated and tested.I found the overall organization of his book to be eminently readable as well as significantly infomative with knowledge that only a real professional could possess.In my opinion,based on 20 years of first-hand experience,this is the only book currently available that fully captures the psychological and methodological understandings of the professional trader.The chapters on technical analysis,though very competent, are a mixed blessing:there is too much information for the novice and the seasoned pro will crave more detail about Mr. Abell's elegant technical approach to day trading.The interviews with Kirchner,Jamail and Shallowitz--all seasoned pros-- are also highly infomative but in truth require some market knowledge to fully appreciate the subtlety of their thinking.Individuals with little or no experience may not realize how infomative these interviews are really as it relates to the imperatives of psychological considerations and risk calculation.I believe almost any trader or would be investor will benefit from reading Abells fine book.

I learned more about trading from this book than from taking a $5000 trading course with All Tech!A very well written day trading book with essential information.

I have now read all the electronic day trading books that are on the market and believe based on my knowledge of Wall St.(20 years) and my day trading experience(since1994)this is by far the best book on the subject.I say this for the following reasons: 1.Abell offers a day trading approach that is sensible based on calculated money management principles and market discipline. 2.His technical analysis is well reasoned and is executeable.His risk/reward formulations are viable. 3.His explanation of the level 2 screens and windows(which are often complicated)provides a significant benefit to the trader. 4. His writing style regarding market philosophy though simply written is extremely sophisiticated in terms of his understanding of the operations of markets. 5.The trader interviews are the best by far--The traders interviewed are much bigger and experienced traders than the ones in the "secrets"book. 6.Abell's understanding of trader psychology alone justifies the importance of this book and makes it well worth rerading. 7.The so called "filler" is information that comes in in my copy in the appendix(listed trading stocks and in my opinion valuable trading screen description)-after 200 pages of significant trading information.Compare this with only 150 pages in The Electonic Trader.In my judgement learning the lessons, techniques and understandings Abell has written about will certainly improve or fine tune anyones trading performance.