The Day Trader's Survival Guide: How to Be Consistently Profitable in Short-Term Markets - Hardcover

Farrell, Christopher A

Hardcover

ISBN 10: 0066620856 ISBN 13: 9780066620855

Publisher: Harper Business, 2000

Synopsis

The Day Trader's Survival Guide was written 15 years ago and was released in the year 2000.  For more up to date information and trading tips from Christopher A. Farrell, including addressing the important changes to market structure and trading on the NYSE and NASDAQ that have occurred over the past decade,  please see the 2nd edition of Day Trade Online, which was updated in 2008-2009.

About this title

Review:

Read with horror as author Christopher Farrell pulls back the curtain to expose how market makers and specialists manipulate stocks to fleece traders and investors. Then follow as he shows how you can turn the tables to work the markets to your own advantage. "If you approach day trading the same way that you approach investing, you are sure to lose money," Farrell warns in The Day Trader's Survival Guide."One of the early mistakes that novice traders make is that they get caught up in the hype of the online trading revolution. Just because you can get a trade executed in a second with the click of a mouse, does not mean that you are on a level playing field with the rest of Wall Street. Remember, all of Wall Street is out to take your money."

Rampant market manipulation is the order of the day, and it puts traders and investors at great disadvantage. Quoted markets that are not what they seem, hidden orders, head fakes, and other deceptions are described and illustrated in detail in this guide for traders with at least some experience. It's a kill-or-be-killed market, and Farrell shows how traders can side with the pros, game the spread, profit in illiquid issues, and find arbitrage opportunities. Market makers armed with the profit motive have the means and the opportunity to annihilate starry-eyed new arrivals daily. This book shows exactly how they do it--and what it takes to outmaneuver them. It's a must-read for any trader who has the will to survive. --Scott Harrison

About the Author:

EditCHRISTOPHER A. FARRELL is a national bestselling author,  former Wall Street trader and is the founder of several hedge funds.  Chris has been a guest on numerous television and radio programs, including CNBC's Power Lunch, and featured in magazines such as Business Week and Worth. His works have been translated into several languages worldwide, including German, Korean, Russian, and Italian. He latest book is the updated and revised 2nd edition hardcover of Day Trade Online, released in the winter of 2008-2009.

About this edition

• Publisher: Harper Business
• Publication date: 2000
• ISBN 10: 0066620856
• ISBN 13: 9780066620855
• Binding: Hardcover
• Edition number: 1
• Number of pages: 236