The Compleat Day Trader

One of the most difficult things involving the markets, regardless of what you trade is timing.With this book, Jake not only gives you suggestions for timing indicators, but he also gives you some strategies to follow and shows real time examples which are clear and very detailed. In this book, Jake share his extensive knowledge about systems, strategies, technical indicators, and trading systems. I have purchased many trading books and this one is CRITICAL for your success as a trader. One more point that I wish for potential traders to consider is the source. Jake Bernstein has been involved in commodities and futures trading for 25 years. He brings real trading experience to the table. He does not promise you guaranteed results are a "pot of gold" under the rainbow. What he does give you is the information that you will need to be successful, REGARDLESS of the time frame you are trading. Also, he is available for you. I recently e-mailed him with a question from the book and I received a detailed explanation from him the very next day! I challenge you to find any author who will do that! Good luck and good trading!

This is a GREAT resource book for the kind of vital information a savvy day trader needs to know. It points out the mistakes a person could make and can prepare one for the hard job that awaits in the field of day trading, as well as long and short term trading.What I found most important is that this book is specific in citing the methods and indicators. Some courses I have seen make bombastic claims about day trading that are too good to be true. This book helped me to see the realities of the game. It's down-to-earth, realistic, clearly written and truly understandable, and it doesn't promote any "secret" methods that have to be bought from the author.

This was the first book I ever read about "Day Trading". It totally changed my life in regards to trading strategy. Before this book I only heard about Day Trading on the news, and it was a complete mystery to me. I bought this book a couple of years ago when it first came out, and was only considering "position trading" (holding positions for weeks at a time), but after reading this book, I saw you can the possibility of daily cash flow and you wouldn't have to wait for weeks to see if you had a profit or loss. This is a must read for anyone considering "Day Trading" as an investment strategy. Also a great follow up to this book is the "Compleat Day Trader II" which is an extention of this book.Schaaf Kirkpatrick

This enlightening book holds your hand and teaches you the basic knowledge you need to become a day trader. With specific facts, instructions, methods and explanations, he walks you through everything you ever wanted to know to begin day trading but were afraid to admit you didn't have a clue. From basic definitions and explanations to precise methods, examples and charts, Jake instructs you in a succinct yet elucidating manner about the ins and outs of day trading. The section on psychology alone is worth the price of the entire book. And if you take the time to commit his twenty keys to success as a day trader to memory, it's truly the icing on the cake of knowledge. Once I completed it, I couldn't wait to read The Compleat Day Trader II which advanced the teachings even further than The Compleat Day Trader and went on to show you what systems work and don't work and why. The section on placing orders was really valuable too. To me, what makes Jake's books so meaningful is how he combines the psychology of trading with the trader's basic nature and intertwines that with the hard, cold facts of reality. This makes his writings and teachings much more real and down to earth than those I have read from other authors and traders. And he is also very accessible, which is almost unheard today. That's why I feel both books have earned five stars.

This book will not please the cash-market stock day trader nor even the futures day trader who does not have a Commodity Quote Graphics system hookup at his disposal. But if you do, you will learn some ideas to try, research, and refine, for S & P futures day trading. The book is a little sloppy in using the term "derivative", which has a definite meaning in Calculus, in an unusual sense; but this is a small hurdle to clear. The style is very readable. Purists will seek in vain for convincing verifications of the all the methododology suggested in the book, but this complaint is a common one for the genre. This is efinitely not a book on the psychology of trading, but contains carefully spelled out ideas on how to daytrade.