The Compleat Day Trader II includes the most up to date strategies and systems for seizing hold of day trading success, including: A separate chapter detailing each system and method; Indicator formulas and system codes; The psychology of day trading.
Introduction:
The Compleat Day Trader II you are about to read contains a variety of different methods and systems for day trading. Take the time to learn, study, and track the methods. Then, after you have learned the techniques that appeal to your senses and your pocketbook, begin trading with them. But don’t plunge into the markets before you have spent some time learning the methods. And when you start your trading, please make certain you understand the risks as well as the rewards of day trading. Be certain to start with sufficient capital and practice all the necessary discipline your methods require.
Finally, do not labor under the misconception that day trading is easy. Although there are several distinct advantages to day trading, it may be true that from the standpoint of self-discipline, day trading is more difficult than position trading. You cannot day trade your way to riches with little effort. Day trading takes work, work, and more work. It requires discipline, attention, organization, and commitment. Success as a day trader does not fall out of a magazine or a book. Goals in writing this book on day trading were as follows:
- To present and discuss some of my latest day-trading systems and methods
- To share new ideas and to amplify on existing ideas for effective risk management both from the standpoint of market methodology and trader psychology
- To suggest new and promising directions in day trading techniques
- To fine-tune techniques and methods I have previously discussed
Contents:
- Perspective on Day Trading: Observations, Claims, and Caveats
- A Review of Market Timing Indicators
- Day Trading: Art or Science
- The 30-Minute Breakout
- Day of the Week Patterns
- Trading Systems: Pros and Cons
- Power of the Inside Day
- System Testing and Optimization: Friend or Foe?
- Emotions, Traders, and Markets
- What Markets to Day Trade?
- Closing and Openings
- Gap Methods for Day Trading
- Accumulation Distribution Oscillator Derivative
- The Importance of Orders
- The Psychology of Day Trading
- The Day Trader’s Rules for Success
The Compleat Day Trader II By Jake Bernstein PDF
Bennett Rivera (verified owner) –
Truly a fantastic book about day trading in commodities. Novel ideas. Explicit. A MUST read!!!!.
Briar Powell (verified owner) –
Although I have position traded for six years, I only recently began day trading. This was an excellent book that appropriately emphasizes the discipline and persistence required for success.
Lillian McCoy (verified owner) –
Jake sets you straight on what to do if you wish to: 1. Fail…big time like the vast majority of others.
2. Win…with the select few and think like the pros.
Jett Keith (verified owner) –
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.
Killian Delgado (verified owner) –
Many succinct sections that collectively spotlight the “big picture” of day trading. While futures day trading is the primary topic, valuable informtaion is conveyed that is applicable to the futures position trader, and to a lesser (but non-zero) degree, the stock trader. Without a doubt, an EXCELLENT BOOK!
Dash Barnes (verified owner) –
I’ve traded stocks for many years without much success. Thanks to this book, I’m now trading the futures markets with success and confidence.
He gives you several systems with step by step instructions and suggests several markets to examine for possible opportunities.
There is no hype here. He tells you up front that it’s not easy and it takes a lot of work.
His explicit explanation of stops, risk and money management are a must read for survival tactics during the losing streaks.
Don’t trade the futures markets without this book.
Liliana Cohen (verified owner) –
This book is more on the aspect of futures trading than stocks. If you do futures trading it is a good book. But if you want a book about trading stocks don’t buy. The title is misleading. The charts are good but it does not use stocks to explain his concepts. For stock buyers I do not recommend.
Elyse Hendricks (verified owner) –
After reading Jake Bernstein’s earlier work, How The Futures Markets Work, I decided to delve deeper into the futures day trading world. This book, The Complete Day Trader II, covers all the, disciplines, psychologies, emotions, and fears potentially affecting the futures day trader. The part I liked the most about the book was Jake’s in depth analysis of basic indicators and strategies important to the futures trader. The book also provides an outstanding section describing the different types of orders and when to use them. Because of Jake’s background in psychology, the book is loaded with advice on how to control fear and greed. I give this book my highest recommendation.