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Electronic Day Trading to Win
ISBN: 0471350729     Date Published: 1999-07-23     Author(s): Bob Baird, Craig McBurney
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John Wiley & Sons
240 Pages
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06/20/2013 01:32:48
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Editorial Review - Book Description:

Wiley online trading for a Living
Real tactics for real profits—anytime, anywhere!

In this authoritative and educational guide to electronic day trading, experts Bob Baird and Craig McBurney cut through the media hype to reveal the truth about this revolutionary new form of trading: virtually anyone armed with the new generation of inexpensive, user-friendly digital trading technology now has the power to make markets and reap rewards traditionally enjoyed exclusively by the big brokerage houses—provided they are fully trained. Day trading for a living can be a profitable endeavor; day trading on a lark, without proper know-how, is not only unwise but can be dangerous to your risk capital.

Backed by their experience as successful electronic day traders, Baird and McBurney provide the expert guidance you’ll need to thrive in this increasingly popular trading arena. Following a preliminary review of market basics, the authors cut to the chase with a complete hands-on tutorial in all practical aspects of electronic day trading. They introduce you to SOES and electronic communication networks (ECNs), and show you how to use them to execute trades instantaneously, thereby eliminating excessive broker fees and poor fills due to lag-times between order placements and executions. In addition to walking you through such nuts-and-bolts issues as the computer trading screen setup and assessing trading rooms, the authors provide priceless pointers on how to anticipate the impact of the news on the marketplace and exploit the subtleties of trading psychology. Baird and McBurney also explore various day trading strategies and styles—such as market timing, scalping, momentum, and swing trading—and help you successfully adopt the ones best suited to your personality and goals.

A complete hands-on guide to today’s most exciting form of trading, Electronic Day Trading to Win is an indispensable training tool for newcomers and experienced day traders alike.

Master the Electronic Trading Game!

Here’s your opportunity to learn everything you need to know to become a successful full-time or part-time electronic day trader. You’ll never need a broker again! Online day trading pioneers Bob Baird and Craig McBurney provide you with a wealth of how-to information on:

  • Why electronic beats online trading
  • Setting up a home-based trading room
  • Trading screen setup and customization
  • Level II data — why you need it
  • Day trading styles and strategies
  • Understanding and using SOES
  • Selecting an ECN
  • Market psychology and technical analysis
  • And much more!
Customer Review:
Total Reviews: (40)
  (26)      (6)      (0)      (3)      (5)
(3) Shared
11 of 11 People found the following review helpful.

A Reference for Hands-On OTC day trading using NASDAQ II, September 21, 1999 By A Customer This review is from: Electronic Day Trading to Win (Hardcover) 'Electronic Day Trading to Win' was the best of the books I found on day trading NASDAQ stocks. Coming from an engineering background, I get an understanding through examples. This book through examples carried the subject further than others by giving a more complete picture for selecting and timing stocks for trade. Besides covering the normal price chart patterns and support/resistance levels, the authors show how to use the volume at these levels along with NASDAQ Level II market maker information to make an educated analysis of which way a stock will move. This is a technical book which is well written, but covers a lot of important aspects of trading. This means that to absorb all the information, a chapter or two at a sitting is about all one can read with comprehension. Throughout the book, the authors stress leaving a back door open for getting out of a trade if needed using SOES (small order execution system). The main emphasis of the book is to expand...
13 of 14 People found the following review helpful.

UNBEATABLE FOR BEGINNING DAY TRADERS, February 19, 2000 ByGary Stracener - See all my reviews This review is from: Electronic Day Trading to Win (Hardcover) If you are new to the world of Day Trading, or thinking about starting, then this is absolutely the right book for you! Bob Baird and Craig McBurney did an excellent job presenting the facts on Day Trading in a way that was easy to understand for someone new to this fasinating field. Most of the articles and books I have read in the last 4 months were aimed more at experienced and seasoned investors while the written words sailed at least 25 feet over my head! "Electronic Day Trading to Win" speeks directly to the reader and explains day trading on a level that is neither condesending or vague, as I experienced from Brokers I had asked for advice. I learned more in the 2 days reading this book than I did in 4 months online and speaking to two brokerages! I read the some of the other reviews, and I'm sure there are other books out there tailored more for what they might need. And besides, if some people know so much about day trading, why then do they need to...
8 of 8 People found the following review helpful.

Don't Believe the Hype, November 2, 2001 ByNick Fury "1001 places to visit" (Singapore) - See all my reviews This review is from: Electronic Day Trading to Win (Hardcover) I couldn't believe this book received more than 4 stars. Or 2 stars for that matter, which I think it warrants. Yes, it provides a good overall picture of what day-trading is and would be a superb book for the beginning practitioners who wants a better picture of the background of day-trading. But if you're looking for trading ideas and strategies, my advice is to skip this book. The chapter on technical analysis is flawed. There were a variety of charts which looked good on paper, but that was with the benefit of hindsight. In practice those analysis would never have been possible. There's too much at risk if you put your money on the line using the trading ideas here.
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