Day Trade Online

  • by Christopher A. Farrell
  • Narrated by Jeff Woodman
  • 3 hrs and 3 mins
  • Abridged Audiobook

Publisher's Summary

The explosive growth and low cost of online trading has created a new class of investor who can now make a living buying and selling stocks over the Internet in a way that was once reserved for Wall Street's most powerful brokerage firms and investment banks. Before taking to this fast-paced, high-risk playing field, it's absolutely essential that you have a firm grasp of the rules and a solid game plan. Day Trade Online is the play book novice competitors need to become strong contenders. Written by a seasoned practitioner, it is a one-stop, step-by-step overview of how to make a successful llving, whether full-time or part-time, trading via the Internet.


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Customer Reviews

Most Helpful

Some Good, Some Bad, Lots Out Of Date

The basic premise of this book is how to trade for the "Teenie", or a fraction of a point in the bid/ask spread. If you are a beginner, you may have no idea what that means, and that's ok... you don't have to.

The good news is that the author does an EXCELLENT job of explaining the workings of the bid/ask spread, the role of the Market Maker/Specialist in making the market work and how a day trader can use many trades a day to "scalp" money at very low risk.

The bad news is that this is an early 2000's era book, from back in the days before decimals replaced the fractions that are used in the book. A "Teenie" in the day the book was written was 6.25 cents... now trading is done in actual cents, and the bid/ask spread is often as low as a penny... meaning it is a whole different ball game. Money can still be made, but not just by following this book's formula.

Also, the author of this book had only been trading as a day trader for only two years when it was written, and that was a time of the great tech bubble.

Pros: Excellent basic information about the stock market and a stellar explanation of the workings of the bid/ask spread. Well narrated, clearly written and easily listen-able.

Cons: The book is designed as a step-by-step how-to guide, which may well have worked when it was published... but now that information is quite dated.

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- Ken Mitchell "sabbath999"

Spend money to make money

I have always heard you have to spend money to make money. This book asks you to have AT LEAST $50.000 (yes, 50 grand)as an ABSOLUT MINIMUM capital to take day trading as a full time job. As soon as I heard that, I felt very dissappointed and stoped listening. Not EVERYONE who can purchase this audiobook has that kind of money.
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- Ober Hatzer "oberhatzer"

Book Details

  • Release Date: 07-15-2005
  • Publisher: Penton Overseas, Inc.