Financial Freedom Through Electronic Day Trading

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

Customer Review: content rich

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.

Customer Review: Good book for the nuts and bolts of trading

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.
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