Financial Freedom Through Electronic Day Trading |  | Authors: Van Tharp, Brian June
Publisher: McGraw-Hill
List Price: $34.95
Buy New: $17.50
as of 11/24/2009 22:58 CST details
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Seller: lowestcostbooks
Rating:  30 reviews
Sales Rank: 80319
Media: Hardcover
Edition: 1
Pages: 388
Number Of Items: 1
Shipping Weight (lbs): 1.7
Dimensions (in): 9.1 x 6.2 x 1.5
ISBN: 0071362959
Dewey Decimal Number: 332.64202854678
UPC: 639785323587
EAN: 9780071362955
ASIN: 0071362959
Publication Date: December 18, 2000
Availability: Usually ships in 1-2 business days
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Product Description
An increasing number of investors are entering the high-risk world of electronic day trading--often before they've learned the basic principles and safeguards. Financial Freedom Through Electronic Day Trading combines Van Tharp's mastery of trading psychology with Brian June's nuts-and-bolts expertise to give day traders the proven strategies and information they need to survive and succeed. From little-known day trading entries and exits to techniques that foster winning attitudes and styles, these practical ideas will help readers develop their own personalized trading systems. The perfect combination of psychological preparation and hands-on practice, it discusses:
*Market analysis from a day trading perspective
*Techniques for determining a market maker's position
*The best day trading software
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| Customer Reviews:
Showing reviews 1-5 of 30
 Every trader should read this book October 26, 2009
C. Noullet
Every trader should read and follow this book. This book teaches the importance of the mental aspect of trading. Any beginner who has lost money through mental mistakes (which almost all trading mistakes are mental)will learn from this book. Beginners tend to do things like not use stops, pull stops, sell too quickly and trade based on hope, greed and fear.
This book teaches that you have to get your mind right. The typical beginner follows all their losing by deciding that they need to do better analysis. This just leads to more confusion and losses. Make a trading plan, keep it simple and easy to follow, cut your losses short and let your winners run. That is the basic method to consistently make money.
This book will help teach this method.
 Now He Likes Day Trading? August 1, 2009
Czytanka (The North Pole)
I was reading an interview in "Market Wizards" with Tharp and he concluded at that time he would not work with people that day trade because Page 416 "I also am convinced that is it difficult to make money day trading or trading in a short time-frame, so I am skeptical about anyone who wants me to help them day trade successfully.
This quote in itself speaks volumes of the author's motivation to write a book. He is not making any money trading so breaking his principles, he authors a book about something he thinks cannot be done.
content rich April 17, 2007
M. Williams
2 out of 2 found this review helpful
This book contains a wealth of information - I strongly recommend it! The content is excellent, and the writing style is understandable and candid. Brian June not only discusses the nuts-and-bolts of day-trading (Level II screens, time-and-sales data, 'ax' market makers, direct-access systems, trading strategies) but covers in detail how one should prepare prior to the market opening and how one needs to debrief trading after the close. Dr. Van Tharp covers two of the most important concepts of trading: risk management (i.e., capital preservation) and money management (i.e., position sizing). If you have not internalized these concepts into your belief system already read these chapters, memorize them. They are key disciplines as they will keep you in the game.
Good book for the nuts and bolts of trading October 20, 2006
Steve Burns (Nashville, TN)
2 out of 2 found this review helpful
This book was a great addition to the other books I have read about trading for a living. While Gary Smith's book was his actual trading process and Alexander Elder's covered the psychological dynamics of creating a system, this book really got into the technical dynamics of risk and expectancy with formulas and excellent explanations of how to be profitable based on your amount of trades/risk/expectancy.
The six key elements you will understand for making money in the market from this book are:
1. System reliability
2. reward to risk ratio
3. cost of trading
4. Your trading opportunity level
5. What you can do based on the size of your equity
6. Your position sizing algorithm
This is a more technical read than other books and comes across very tedious at times, but I found it well worth the effort for the added insights I received.
 A Must Read for day traders March 12, 2006
RTReader (Australia)
1 out of 1 found this review helpful
I would recommend the book to stock traders,but also if you're trading futures -as in my case- the book is worthwhile as a blueprint for devising business and trading plans. Mind you, the advice given in the book about equipment, software and hardware is already obsolete since the book was written a few years ago.
Showing reviews 1-5 of 30
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