Rules of the Trade: Indispensable Insights for Online Profits

What a great book. This book was an adventure to read! A real page turner, which is something you can not say about many financial books. I have traded for years and feel this book synthesizes the real essence of trading better than any book I have ever read and I read plenty of books. David has a real feel for the markets which comes through in his writing. Better than his first book, although I would suggest both since this book reflects a more confident writing style that speaks to the experienced trader much more. As far as other books I think are notable, I would read the classic market wizards book, reminiscences of a stock operator, trading for a living, and the daytrader. There are several others I like but this should get you started. All in all, this is my favorite so far. Awesome job Nassar!

This book is tremendous. I received a copy while attending the OTE last year and have since read it twice. I have been a professional odds maker for many years, and while I agree trading is not gambling, many of the same risk management skills are pertinent. This book does a superb job highlighting them.I have also attended Nassar's seminar and let me tell you this guy is for real. I saw him trade 6000 shares of a stock in 20 minutes and make $3200. It was fascinating for sure, but it was also understanding. Nassar said most people could learn to trade it they stayed disciplined, and after watching him talk through a trade, I believe him. I'll be taking the course soon. Do your self a favor, BUY THIS BOOK!.

This book is a must read for anyone considering trading for a living-assuming you want to trade successfully. The author, David Nassar, is not only the CEO of a trading firm, but also an experienced trader, educator, and speaker at trading expos. He is highly knowledgeable and he gave one of the best CEO interviews in my book Day Trading on the Edge. David provides nitty-gritty, specific no-nonsense hard advice on trading. There is no filler or fluff in this book, just hard earned trading lessons learned from years of trading. Trading is much easier to talk about than do successfully, and knowing the key tenets of trading can greatly decrease your learning curve. The focus of the book is on eleven chapters containing 95 trading rules that cover all the critical areas that must be mastered to be a profitable trader. The rules cover:Preparing to Trade; Rules for Trading; Stock Selection; Entering/Exiting Trades; Active Trader;Technical Trader; Evaluating Performance; Technology and the Internet; and Mind and Money ManagementReaders of this book should compare how they handle their trading with the rules in this book to determine where they can improve. One excellent feature is the inclusion of a six page trading plan that covers all the bases.This is one book that you cannot breeze through in one hour. It is not a difficult read, but it so full of information that more time is necessary to glean all the useful advice. The average reader will want to read this book at least three times to garner all the useful information provided. Be prepared with your pen to mark up this book as your read, otherwise you'll miss all the key points.In summary, if you are seriously interested in succeeding in a very challenging but rewarding career, then buy this book as soon as you can, study it intensely, learn the tricks of the trade, practice discipline, money management, control your emotions and hopefully shorten your learning curve. Any trader will have to master the rules of trading early-on, otherwise the tuition payment to for a trading career may be very expensive.

This is a great book. I make my living trading stocks and options, and this is the best book I have read recently on the subject of day trading. To the point, and tells it as it is. Not a cheesy sales promotion like so many other books out there. This author has class and style, and it shows in his writing and content. I recommend this book highly.

I have been trading for 17 years and am getting more and more active because of the new technologies out there. As I trade more, I find trading more a mind game than anything else. I found so many insights in this book that explained the mistakes I have made. The rules are right on the money! What is also great about this book is the price. I have read books that repeat the same old information four times the price of this one and not worth 1/4 of it. This book is fairly priced and worth four times the cost! It is fresh and new. It teaches something much different than what I have read before, and I read a lot of books on the market. It focuses on real issues we all (traders) face. There are rules about the market, buying, selling, keeping losers, averaging down, emotions, motivations, relationships; all factors that made sense to me. If I could have understood these rules better when I started trading, I know they would have helped me even more. Beginner or experienced, this book captures your attention and keeps it. Buy this book and refer to it often, because it will help you!