Confessions of a Day Trader - Softcover

Free, Lloyd R

Softcover

ISBN 10: 0692785825 ISBN 13: 9780692785829

Publisher: Sugarhill Press, 2016

Synopsis

THE TRUTH PRESENTED AS FICTION

Main Street grabs for the brass ring. Wall Street snatches it away. The Yin and Yang of trading the Stock Markets. Investing, daytrading, gambling. Based on a true story, Jay and Stevy, retail investors, outsiders, battle the insiders, the wolves of Wall Street: The Market Makers, the smart money, the front running brokerage houses, lying Talking Heads, brazen stock manipulators. Against all odds, will they succeed?

"This is the incredible story of precisely why human nature is the ultimate enemy of any investor desiring success. As the new millennium approached, the main character was drawn in by the biggest bull market in US history. The magnetic draw of the stock market was at a historic peak, yet in the twilight zone manner, our unsuspecting hero was drawn into the absolute worst time to be an unseasoned investor as the worst-performing decade for equity performance in US history was about to unfold right after he 'placed his bet'. The story takes you through his incredible journey through the minefield of the financial investment arena and provides a step-by-step horror show of how one man received a priceless education . . . At a remarkable cost."
Garrett Jones-- 40+ year Money Manager/Trader. Affiliate with Peter Eliades (Stock Market Cycles Management, INC.) And author of Observations.

"Free's incandescent novel, Confessions of a Day Trader, drew me into its crazy world of stock market finagling just as surely as it does his characters. Ever wonder what makes the market tick? Free's been there, and he'll show you--in the most revelatory and, indeed, frightening manner possible."
Jake Fuchs, Novelist: Death of a Dad: The Nursery School Murders; Death of a Prof: The Nursery School Murders; Conrad in Beverly Hills.

About this title

About the Author

Lloyd R Free The author received a PhD from the University of Kansas and taught at the University of Michigan. He has published numerous articles on 18th-century French licentious literature and books including: Virtue, Happiness and Duclos’ “Histoire de Madame de Luz” and Laclos: Critical Approaches to “Les Liaisons Dangereuses”. He has Day Traded and worked closely with small Hedge Funds. He is currently working on a new novel celebrating the beatnik jazz and poetry scene in San Francisco and Paris, circa 1960.

Review

KIRKUS REVIEW A financial thriller that chronicles the exuberance of quick stock market success and the devastation of greed. In 1992, Jay Jackson needed a respite from the hustle and bustle of Silicon Valley, so he moved to Kauai, Hawaii, bought a bed-and-breakfast, and got a beautiful Hawaiian girlfriend. After eight years, he's content with his decision, but he's suffering some financial distress: his savings are depleted, and the slagging tourism industry is pinching his B&B profits. Stevy Stanford, an old friend known for his razor-sharp mind and dogged pursuit of financial windfalls, calls to let Jay in on his latest venture: a technology company, Galaxy, has concocted a way to revolutionize digital advertising and has acquired 14 patents to corner the market. Stevy has inside information that the company's soon to go public, so he buys the rights to another investor's future stock holdings, anticipating a massive score in the near future. Jay enthusiastically jumps onboard despite his lack of investment savvy, eager to ride Stevy's wave to financial freedom. However, the market gets hit by a major correction, and then the tragedy of 9/11 brings it to a crashing halt. Galaxy's initial public offering is continually postponed, and when it merges with another company, it significantly dilutes the value of Jay's and Stevy's holdings. Jay is so beleaguered that he starts playing craps at casinos to supplement his income, and Stevy seems poised for financial ruin. Debut author Free intelligently weaves a tale about the elusiveness of luck and the magnetic draw of greed. Jay, his narrator, frantically chases the ultimate win, sacrificing the contentment of his former, island-bound life: "I believed good fortune came in waves. I believed that there was an ever-present dialectic: winning, then losing, then flat lining." The microscopic focus on the minutiae of financial deals will intimidate many readers; as a result, the book will primarily appeal to those with an interest in and some knowledge of investment . . . However, the book offers a thoughtful take on the psychological stakes of gambling. A technically challenging and . . . a philosophically astute look at the foibles of modern capitalism.

Edition details

• Publisher: Sugarhill Press
• Publication date: 2016
• ISBN 10: 0692785825
• ISBN 13: 9780692785829
• Binding: Paperback
• Language: English
• Number of pages: 254