The Compleat Guide to Day Trading Stocks
Binding: Hardcover
ASIN: 0071361251
Manufacturer: McGraw-Hill
Average Customer Review: 
(From 12 total reviews)
List Price: $39.95
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Editorial Reviews
Product Description:
Day trading is Wall Street’s hottest trend and, in The Compleat Guide to Day Trading Stocks, famed futures trader and author Jake Bernstein turns his attention, knowledge, and experience to the exciting world of stock trading. Bernstein covers timing systems, trend following systems, breakout systems, and more—all illustrated with chart examples based on intra-day time frames, and supported by results from his meticulous, historically accurate back testing.
Basic enough for novice traders—yet with enough detail for the most demanding market veterans—Bernstein’s book gives day traders the tools they need to succeed in this fast-paced, relentless market. Special attention is given to:
• Day trading the technology sector
• Risk management and diversification
• Little-known nuances of order placement Jake Bernstein (Northbrook, IL) publishes MBH Weekly, a newsletter covering the commodities and futures markets. Author of The Compleat Day Trader and Strategies for the Electronic Futures Trader, Bernstein is a popular speaker at trading seminars and regularly appears on radio and television.
Customer Reviews
A complete overview of nothing but citation to other books by Charles C. Kao
I have recently read two other books on day trading and they were much better, so I think the only reason others gave this such a great rating is becaue they have never read anything else. I found this book to be vague, abstract and just a HORRIBLE book. He does go over many definitions of concepts, but then he alway says he will discuss which ones are important later. How am I supposed to know which concepts are important if you don’t tell me which ones to keep in mind. He cites numerous books and authors to find more information, but the beginning day trader wants to be told what to do. If you are a day trader who is hears of a concept and want a quick overview of a concept this is the only time I would say I would open this book, although normally I just go online a financial dictionary. If you do read this book, skip the first 80 pages. Other books that are great and simple, and go over concepts over and over so there is no doubt you understand them include “A Beginners Guide to Day Trading Online” by Toni Turner.
Fuzzy Math by Matthew Manning
Although there is much informative basic material in this book, I cannot stand the fuzzy math this author uses. The percentage gains he reports in some of his examples are blatantly deceptive. An example is Fig. 5-10, where he shows the possible gains achievable using the “gap” method. He quotes a profit potential of $21062, which I dont dispute. However, there is no mention of the actual money necessary to make the trades shown, which is probably somewhere around $30,000 (minimum). This would yield a profit of around 67%. The figure, however, quotes a profit return of almost 700%!! Whether or not these figures are his, or if he borrowed them from another source does not matter. He should know better! This sort of misleading “fluff” does nothing but confuse the amatuer and leads to the expectation of gains much better than realistically possible with a small account balance. Throughout the book, math like this is used to over exagerate possible gains from day trading.
Disappointed! Too simple, sometimes naive by ServantofGod
This is the second Jake book I had read up till now. The first one is “Investment Quotient” which I gave my highest rating. That does not lead to my negative comment on this one because of over expectation. It’s just that the content and quality of this so named guide just cannot be described as compleat.
In one single book of only 200 pages, Jake tried to discuss many important elements of day trading, including history, mechanism, player characteristics, market structure and even sophisticated technical tools like Stochastics, MACD, Momentum, various forms of Moving Average and even AI. The problem is: he tried to cover so many things that the whole book becomes very shallow and far from what is needed for this highly risky game.
I dont understand why many reviewers gave this book such high ratings. I am afraid that many amateurs had already been lured to enter the game under the false illusion that they became better, if not well equipped, after reading this book, and had already fallen prey to the market crocs.
So simple, so good… by Francesco Burrini
Jake has writed no news about trading world, but all that the traders need is into this book. Sometimes we read a bit of trading system, a bit of psicological approach, etc. Jake said that the book is dedicated to day traders and aspiring day traders the world over. Doing day trading is arduous: the challenge immense. The promise of victory and lure of wealth inspire you daily to confront the odds of success. Jake give us this book in the hope that his efforts, research, suggestions, systems, and methods will help us achieve our goals.
Great buy!
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Tags: day trading, trading
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