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What would have made Day Trading Disasters better?
No specific strategies or tactics on when to enter or exit a trade. Just general advice. Such as; know your market, use a mentor, get a fast Internet connection... Useless.Also some wrong info here. He says NASDAQ and NYSE are the two US exchanges. What about AMEX and OCT. He says you need $5,000 to begin day trading, ridiculous!
What could Paul Reed have done to make this a more enjoyable book for you?
Offered 3-4 strategies on intraday trades. Explain how to scan for stocks with potential which online stock screeners are best
What reaction did this book spark in you? Anger, sadness, disappointment?
Any additional comments?
Waste of money.
It really worries me when a trading book starts with "you'll need a computer", goes onto say "you'll master day trading in no time", and within ten minutes moves onto selling options contracts. It's too much too quickly for beginners, and too shallow for the experienced.
It's not that there isn't good information in here, much of the advice is solid, if cliched. It's just that "you need risk control" is stated with no more emphasis than "make sure you have a good internet connection". And that is frankly irresponsible.
Either the narrator or transcriber appear to be a machine, as it says things like "I made profit of pounds four thousand".