The Strategic Electronic Day Trader (ISBN 0471254886)

Amazon.com Review:
Anyone with a computer can day trade, but day trading clearly isn't for every one. In fact, as Robert Deel makes clear in The Strategic Electronic Day Trader, only a very few who try it will survive and prosper. Deel, who has trained thousands of traders in the last decade, says 92 percent will lose money in the first two years, and only 2 percent will make money on a consistent basis. He compares the challenge to war: "Most battles are won or lost in the preparation stage, long before the first shot is fired. Trading is high-tech warfare. Never underestimate your opponents. Remember, if you are not the marksman, you are the target." The first six chapters explain what every day trader needs to know: how to read the NASDAQ level-two screen; order routing, execution methods, and rules; and trading through the Electronic Communications Networks (ECNs). Included are sections on charting and technical indicators with specific advice for adapting these to very short-term trading strategies. Deel shows how to create screens and filters to identify high probability/profitability trades, and he discusses the best times of the day to trade and when and how to go short. Also included is a section on recommended hardware configurations and proper setup of the trading environment. In final chapters, Deel describes "the biomechanical trader" who prepares for battle through an intense process of mental training and conditioning that includes biofeedback, meditation, visualization, and hypnosis. This is a practical, easily understood presentation of what it takes to be one of the few who will succeed as marksmen. --Scott Harrison

this shouldn't be your only book on trading:
Many topics in this book weren't new to me. Though for a beginner it might be interesting as it gives an impression of what trading is all about and what kind of trader you want to be. Deel covers trade management and trading strategies, account and money management, technical charting, order entry and Level 2, ECNs and MMs. A little bit of everything. However what was new to me and made me stunned were last the 2 chapters "the biomechanical trader" and "seize the day". Very very interesting indeed! It's like those adds I've read before: "People are using only 10% of their brains...." (well??) For your trading education you should read more than just one book. This might be one in your collection to give you yet another point of view on trading (that's what it was for me). Still I give this book 4 stars because I liked the chapter on trading strategies so much.

Sales pitch:
This book is nothing more than a sales pitch for the author's trading school. From page 62, "All screens, strategies, and formulas are given to students of ." Really? I thought I bought this book to learn the author's screens, strategies and formulas. Further, chapter seven is dedicated to convincing the reader of the value of the authors "biomechanical trader" methodology. I completed the book wondering what my payment should be for enduring this pitch.

MUST READ!!!!:
this is the only day trading book that will explain you which charts to use and whay if you realy want to become daytrader do your acount a favor and ORDER THIS BOOK NOW!!!

He's Good...:
at writing 200 pages of BS. I thought this book is about day trading strategies or talk about strategic day trader. But no, all there was is this trend quantifier (useless), and for level II, he just touches on order routing(you got to be kidding me). Wait a second... where are the strategies? Waste of TIME, and a waste of money. But I was really amazed about how someone can write a book out of nothing. No, don't even qualify as a advertising/marketing pitch. Poorly written and no substance. 1 star for wasting ink and paper.

Couldn't help laughing:
Just got a chance for a quick browse. Later in the book, the author complained he offered everyone an "once in a life time opportunity on a silver platter": One on one personal training, 1 million dollar capitol, 90% of the profit. But throughout LA, only one person applied?! What's the catch? You have to finish 4 of his courses. Why not complain yourself not coming up with some better sales pitch ^_^