- Gebundene Ausgabe: 256 Seiten
- Verlag: HarperBusiness (24. Oktober 2000)
- Sprache: Englisch
- ISBN-10: 0066620856
- ISBN-13: 978-0066620855
- Größe und/oder Gewicht: 24,2 x 16,3 x 2,2 cm
- Durchschnittliche Kundenbewertung: 5.0 von 5 Sternen Alle Rezensionen anzeigen (1 Kundenrezension)
- Amazon Bestseller-Rang: Nr. 805.679 in Englische Bücher (Siehe Top 100 in Englische Bücher)
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Produktbeschreibungen
Amazon.com
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
From Booklist
Farrell is the author of Day Trade Online (1999) and has traded more than 15 million shares of stock over the Internet for his own asset-management firm. He argues that Wall Street trading firms take advantage of the market's short-term mechanics at the expense of the individual online trader, and he suggests ways to turn this advantage around. He shows how market-makers manipulate prices and recommends trading on the New York Stock Exchange rather than the much more volatile NASDAQ. Farrell compares and contrasts momentum trading with scalp trading and explains the strategies behind each method. He follows with a look at market specialists whom he says bend the rules to their benefit. Farrell concludes with a call to eliminate the "old guard" rules and create a new system that would "level the playing field" for brokerage firms and individuals alike. David Rouse
Copyright © American Library Association. All rights reserved
Copyright © American Library Association. All rights reserved
In diesem Buch
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Einleitungssatz
Did you ever wonder what causes the NASDAQ market to be so much more volatile than the New York Stock Exchanged? Lesen Sie die erste Seite
Buchdeckel | Copyright | Inhaltsverzeichnis | Auszug | Stichwortverzeichnis | Rückseite
Did you ever wonder what causes the NASDAQ market to be so much more volatile than the New York Stock Exchanged? Lesen Sie die erste Seite
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Buchdeckel | Copyright | Inhaltsverzeichnis | Auszug | Stichwortverzeichnis | Rückseite
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Format:Gebundene Ausgabe
Perhaps a more recent edition would be welcome by the the trading addicts. It is a book written with great competence and exceptionally well informed about the intricacies of Wall Street, it is a must reading for all day traders.
It is not easy to understand everything, the typescript is too small, all in all it is a pity the publisher has not issued a new edition yet
It is not easy to understand everything, the typescript is too small, all in all it is a pity the publisher has not issued a new edition yet
Die hilfreichsten Kundenrezensionen auf Amazon.com (beta)
Amazon.com:
33 Rezensionen
66 von 69 Kunden fanden die folgende Rezension hilfreich
surprised and blown away
11. November 2000
Format:Gebundene Ausgabe
as a somewhat active online trader, i was both surprised and blown away by alot of what I read in this book - particularly about the kind of nonsense that is allowed to go on in the NASDAQ -
As someone who has bought about 14 day trading books in the past year,I guess I'm as good a critic as anyone - this book is so far ahead of the other daytrading books in both quality, illustrations, and content that it stands alone -
I am a firm believer that if you can walk away with 1 or 2 lasting ideas from any book than you are ahead of the game - Farrell book has about 15 such ideas - not to mention I think that the 3 sections on how the market makers, NYSE specialists, and day traders manipulate stock prices is the most informative chapters in any of the daytrading books out there -
32 von 32 Kunden fanden die folgende Rezension hilfreich
This book begs for an update
9. Mai 2005
Format:Gebundene Ausgabe|Von Amazon bestätigter Kauf
Written near the end of the Dot.com glory days, this book offers many good basics for any day trader. However, it desperately screams for an update that reflects the current status of online trading, data services, and even the change from fractions to decimals. One glaring deficiency is the lack of reference to the availability of the NYSE Open Book, which offers a very similar picture as that of Nasdaq Level II. Perhaps when the book was written, that data was inaccessible for the online trader, but now it can be purchased by anyone. It is essential for anyone who wants to trade NYSE stocks.
Also, the references to companies with intraday swings of 40-60 points is so unfathomable in today's market, that it really diminishes the effectiveness of some of his examples.
Nevertheless, even with all the failings of this book in relation to the trading climate of 2005, it still provides some useful insights and information for the beginning day trader. I would recommend this book, as long as you can get it cheap. You won't find it to be a reference book (like "A Beginner's Guide To Day Trading Online"), so you might even save your money and check this one out from the library.
I wish Christopher Farrell would go back and revise the book to reflect the changes in the market, because they are quite signficant compared to the crazy days of the Dot.com boom.
Also, the references to companies with intraday swings of 40-60 points is so unfathomable in today's market, that it really diminishes the effectiveness of some of his examples.
Nevertheless, even with all the failings of this book in relation to the trading climate of 2005, it still provides some useful insights and information for the beginning day trader. I would recommend this book, as long as you can get it cheap. You won't find it to be a reference book (like "A Beginner's Guide To Day Trading Online"), so you might even save your money and check this one out from the library.
I wish Christopher Farrell would go back and revise the book to reflect the changes in the market, because they are quite signficant compared to the crazy days of the Dot.com boom.
25 von 25 Kunden fanden die folgende Rezension hilfreich
insiders look at what makes day trading so difficult
27. Februar 2001
Format:Gebundene Ausgabe
I bought this book after reading the recent positive review in Online Investor Magazine (Feb issue) - this book is not some loose, "how to" book on day trading - instead, the author spends his time slicing and dicing many of "the shady ways" in which both the NASDAQ market makers, and NYSE specialists operate -
is by far the most in-depth day trading book of the 10 I have bought because it talks about issues that, literally, none of the other day trading books I have ever read even mention - this books wastes no time on the "getting started 101" nonsense that so many other day trading books talk about (how to get started, what broker to choose) - also, this guy actually worked as a bond trader on Wall Street before he got started - so I think his perspective on "the shady side" of how Wall Street works is a bit more accurate than the others - Here is why I liked the book: Farrell attacks things like: why the NASDAQ can be so tricky, how the NYSE specialist can made a stock collapse by cancelling bids, how big firms like Goldman Sachs can hold a stock down with the appearance of 100 share sell orders, how hidden orders affect the supply and demand in a stock - this is all stuff that I had absolutely no idea even went on -
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