As you read this, five million Americans are day-trading. Not since gold was discovered in California have more people dropped out of their old lives and come running for the promise of a big score. For a time, Joey Anuff was among them. He has emerged-enriched, enlightened, and exhausted-to share his story. In a marriage of Anuff's own experiences with the brilliant investigative work of his Wired and Suck colleague Gary Wolf, Dumb Money explores and explains the world of day-trading as has never been done before. No strategy is too crackpot to try, no news break too dubious to play off, no so-called guru too shady, no online chat room too pathetic. Using the rhythms of a day trader's typical day as its frame, Dumb Money is a dispatch from the front lines of the stock-market revolution, a brutally Darwinian battleground on which some become wildly rich and more become part of the body count. It is essential reading for online investors, off-line investors, voyeurs, concerned citizens, and adrenaline freaks alike.
"synopsis" may belong to another edition of this title.
Joey Anuff is the co-founder of Suck.com and regular contributor to Wired.com, two hugely popular daily online culture and media magazines. Gary Wolf is a contributing editor at Wired magazine.
"'Dumb Money is another example of the excellent real-life journalism emerging from the internet boom, rather like the New Journalism that Tom Wolfe proclaimed decades ago' Independent 'If you're thinking of becoming a day trader, you need to learn about the dark side of the business as well as the profits. Start by picking up Dumb Money... a riveting diary of a year of trading dangerously' Business Week 'Anuff is a great wit and a truly funny man. Wolf, a contributing editor at Wired, is an ace reporter who knows the digital revolution inside out' New York Times"
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