Average Reviews:
(More customer reviews)Van Tharp's earlier book, Trade Your Way to Financial Freedom, ranks with Market Wizards as a trading classic. Like Market Wizards, Tharp showed how the true "Holy Grail" of trading is to develop your *own* system, one which is perfectly suited to your own goals and needs. (I know it sounds wishy-washy... but believe me it's anything but.) Not only that but, unlike Market Wizards, Tharp showed you step-by-step how to actually do this! The result was, while far from perfect, one of the most amazing and probably the single most useful book on how to become a successful trader. I was hugely excited when I (a day trader) found out that Tharp's next book would be about day trading. Alas, it turns out to be a disappointment. It's not bad as such, only nowhere near the same level. Specifically, this book consists of: (1) material by Tharp that covers the same ground as before, only in less detail; (2) an overview of the basics of day trading, such as how to read Level II screens; (3) occasional insights and ideas which you might not find elsewhere. So here's what I would recommend. If you don't already know (1), run (don't walk!) to get Tharp's earlier book; don't even think about buying this one instead. If you don't already know (2), this book is a pretty good introduction to day trading, better than most that are out there. Lastly, is the book worth buying for (3)? It sort of depends. If, like me, you love to devour books about the markets, and believe that they more than pay for themselves if you get even one new tradeable idea -- then sure, buy it, just don't expect too much. If, on the other hand, you only want to spend your time and money on the very best books, well, this is no must-have. I like both authors, and they do know what they are talking about, but this book is far from the best that either is capable of. It shows all the signs of having been put together hastily.
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