economics

Having read many books on Day Trading and attended courses and seminars, this book added "confidence". It gives you simple systems to work with, 30MBO, InsideDays, Gaps, etc.. It also tells you what the indicators lack and what most traders lack to succeed, discipline. Use the 30MBO but don't change the method. Stick to it. Be disciplined. Aimed at the futures and commodities traders, these methods also work with fast high volume, high votility stocks. I emailed Jake with a question on the 30MBO and got a reply in hours, that's value. I have ordered his next book, "The Complete Guide to Day Trading Stock". Can't wait. I cannot see how anyone (who is not a beginner) would not benefit from this book.

Bernstein has another excellent book. He reviews the tactics taught in Compleat Day Trader I and then goes on to elucidate a number of more advanced topics that, like his other systems, give very clear entry and exit points and therefore help to minimize the risk.

Jake also again warns of the risks of day trading and shows the importance of developing one's own rules and consistently following them in order to avoid making costly mistakes.

I also cannot help but be impressed with an author who plainly states that he is willing to help his readers, provides a means for his readers to contact him, and then actually makes good this statement. I had some difficulty with one of the trading systems Jake presented because the charting program I was using had a mind of its own. While the manufacturer couldn't help me to clear things up, Jake went out of his way e-mailing and faxing me to help work through my system problems, even though the problem has nothing to do with Jake's system.

Jake has another highly informative and easily read book which should be on every day trader's bookshelf.

I feel that Day Tader II is really a rip-off as it basically just reguritates most of the material found in volume one. THIS is typical Bernstein -- the goal is dollars from book sales, not educating the reader. Mr. Bernstein does not respect his readers, and this is the sad part because he obviously is a highly intelligent man who probably could contribute a lot to the field of daytrading education if he weren't so needy and greedy. I wouldn't go so far as to call him "Jake the Snake", but I do think he should put more care into the content of his books.