books:

	Financial Freedom Through Electronic Day Trading Van K. Tharp, Brian June McGraw-Hill, 2000 - 388 pages average customer review:based on 28 reviews view larger image
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highly recommended

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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A great supplement to TYWTFF

In his follow up to his first book 'Trade Your Way to Financial Freedom' Van K Tharp expands on some of the ideas presented specifically in the realm of trading electronically.

Though not as revolutionary as his first book, this one is still packed with 'not found elsewhere' useful information for both beginning and experienced traders. Treat it as a supplement to his first book and you will learn something useful.


Best Book on how to write a trading plan

My trading coach recommended this book to me so I could better write my trading and business plan for my trading business. After studying and applying the books material I was able to format a proven and tested plan. I later met with my trading coach to review my plan and he said it was one of the best plans he has seen. Thanks to this book I am able to sucessfully maintain a trading career.

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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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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.

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A Must Read for day traders

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.


reviews: page 1, 2, 3, 4, 5, 6

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