The Compleat Day Trader II - Hardcover

Bernstein, Jake

Hardcover

ISBN 10: 0070945012 ISBN 13: 9780070945012

Publisher: McGraw-Hill, 1998

Synopsis

The Compleat Day Trader II picks up where the Compleat Day Trader left off. Bernstein provides new trading strategies and techniques soecifically designed for the new breed of intuitive" traders, who create their own system, customized for their own trading styles and areas of effectiveness. The Compleat Day Trader II includes the most up to date strategies and systems for seizing hold of day trading success, including: A separate chapter detailing each system and method; Indicator formulas and system codes; The psychology of day trading.

About this title

Review:

The Compleat Day Trader II builds on the ideas presented in Bernstein's first day-trading book, The Compleat Day Trader. This time around, Bernstein focuses on more advanced trading systems and places particular emphasis on the importance of self-discipline in day trading, and he zeros in on the best futures markets to trade, including the S&P 500, Treasury bonds, and European currencies. He peppers the book with cautions about the difficulties of day trading, saying, for example:

The bad news is that it's getting harder and harder to win as the markets become more competitive and as insiders grab onto opportunities before the general public has had a chance to do so. Fortunately, the basic rules of profitable futures trading still apply. Therefore, if you follow the rules, you will improve your odds of success, even though they may be less than they would have been 15 years ago.

The lure of making a living--if not a fortune--on the daily ups and downs of the stock and commodity markets has drawn thousands into this high-stakes game. Just how many profitable day traders there are is impossible to gauge, but judging from message boards and articles in the financial press, it's a safe bet that lots of people lose lots of money. Reading both The Compleat Day Trader and The Compleat Day Trader II should you bring you to the conclusion that while profitable day trading is possible, it requires more than just a passing interest. Proceed with caution. --Harry C. Edwards

From the Back Cover:

Updated day trading strategies - from veteran analyst, trader, and market researcher Jake Bernstein. Jake Bernstein's The Compleat Day Trader introduced thousands of traders to the exciting accessible, and high-profit-potential world of day trading. Bernstein is back, bringing with him the latest day trading breakthroughs, strategies, and secrets, in The Compleat Day Trader II.

Covering advanced trading systems and techniques, The Compleat Day Trader II digs deep into the competitive psychology and state-of-the-art strategies that drive today's high-income legends. Emphasizing details that separate the successful day traders from the "wannabes," Bernstein's high-powered new book delivers:
Step-by-step directions for trading strategies including hit and run trading,
the 30-minute Breakout,
the Power Balance method,
and more;

Up-to-date research on the philosophy and psychology of successful day trading, showing you how to master trading by first mastering yourself; Indicator formulas and system codes ready for use in any market climate. Hone your trading instincts with day trading tools and systems in Jake Bernstein's The Compleat Day Trader II, and start now to recognize and exploit day trading opportunities in today's volatile markets!

About this edition

• Publisher: McGraw-Hill
• Publication date: 1998
• ISBN 10: 0070945012
• ISBN 13: 9780070945012
• Binding: Hardcover
• Edition number: 1
• Number of pages: 232