Electronic Day Traders' Secrets

Full disclosure: I've been a Daytrader for seven years (and still am) and trade through Marc's firm. That said, I love the book, even if it is a little dense at time, but, hey, that's the price you pay for learning from real traders in one of the toughest games I've ever been in. What really shines is he gives you a variety of styles of trading so you can match up your personality with a successful trading style. It's tough, but read it and re-read it until you understand it. It will help your trading.

In short, I will add to the list of reviews that this is indeed a good overview of what daytrading is and is not. The traders in this book give honest evaluations of their success and failures, why and how either occurred, and tips for the new and experienced.Overall the book is a great read. Most of this book details the psychology of trading, how one must have self-control, while it also gives some perspective on strategy. It is not a how-to, and yet I do not believe that one can exist. Day trading is a very individual experience, and it requires a very specific array of skills and focus. "How-to" books on this subject would accordingly vary as much as the various individuals who trade....I would recommend this book to anyone who has started or is thinking of starting the daytrading venture. Additionally I would add that it is also very good for the experienced, for you will find yourself saying "my god, I do that all the time too!" and you'll walk away feeling that your tendancies that prevent the "ultimate" profits are committed by most everyone. This book addresses how to get past those and become the most focused, the most effective.Check it out!

This book is a great addition to reading on technical analysis for day traders. If you understand how day trading works and how to spot set-ups for day trades - then you will enjoy reading about personal experiences in applying the techniques. (Do not read this book first if you do not understand day trading! Read an introductory book first and do some paper trading to get a feel for the markets. That will make this book a much more worthwhile read)There is no substitute for hands-on practice when it comes to learning how to make money day-trading. I think the value in this book is that it can help you avoid making the same mistakes and realizing the same initial losses as these traders.The closing of the book has some very good guidelines to minimizing losses and keeping more of your profits.Warning: These are all success stories in the end. In reality, only a small percentage of day traders net an overall profit in their trading. Reading this book can lead one to think that it is easy to make big money at this.

it's obvious that some people are intentionly knocking this book. I can tell you first hand that this book shares some very valuable insight from some of the best traders in the industry. It's easy to read and the lessons learn are priceless.

Friedfertig has put together a well-written, informative and fascinating book of the verbal accounts of many successful day traders. BUY THIS BOOK. However, let me clear this up. Several of the day traders in this book claim that market makers are 'out to get them' and make it sound like its a personal conspiracy, especially Sidikman who sounds almost paranoid-delusional about it. I am a market maker and we are so busy facilitating customer orders that half the time we are lucky to know what our positions are. So dont flatter yourselves into thinking market makers are out to get you. Furthermore, we take plenty of risks just like everyone else, and are obligated to display orders and print our tier sizes. Please get it through your paranoid heads that there is no conspiracy to 'get' day traders. I personally am pro-day trading for many different reasons.