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Product Details

• Amazon Sales Rank: #199995 in Books
• Published on: 2001-02-01
• Number of items: 1
• Binding: Hardcover
• 388 pages

Synopsis
This book includes masterful trading advice and insights - from two of today's day trading pioneers. More than ever before, a high-income career as a full-time trader is within your grasp. "Financial Freedom Through Electronic Day Trading" shows you how to do it - without risking your savings or your sanity! This step-by-step short course on electronic day trading takes you through the nuts-and-bolts technical and strategic basics you need, then tackles the all-important psychological aspects of trading - transforming you from an awkward, second-guessing novice into a confident, knowledgeable day trading master who knows how to turn market inefficiencies into fast, solid gains.Noted trading coach Van K. Tharp and top-level trader Brian June combine their formidable knowledge and experience to give you: proven market analysis techniques adapted to a day trading perspective; key tactical - and mental - components for developing your personal trading plan; below-the-radar methods to determine a market maker's position. Today's high-volume, high-profit markets are a formidable, but beatable, foe - as long as you have the knowledge and wisdom to not beat yourself."

Financial Freedom Through Electronic Day Trading" gives you the trading tools and the psychological insights to control your emotions, master every market and trading environment, and knock hundreds of hours - and thousands of dollars - from your electronic trading learning curve. 'Our goal in writing this book is to show you another way...' - Van K. Tharp and Brian June. Every electronic day trader has access to the same technology and information for locating and locking in quick trading profits - along with the same tired advice on how to use these tools. "Financial Freedom Through Electronic Day Trading" shows you how to master a third essential element - trading psychology - and discover how to gain the ultimate market edge. While it gives you numerous examples of what to buy, when to sell, and why, this follow-up to Dr. Tharp's revolutionary "Trade Your Way to Financial Freedom" shifts the focus to using psychological preparedness and expectancy to gain the advantage.Based on the principle that there is no universal strategy that will work for all traders, this hands-on e-trading blueprint combines the latest techniques in business and trading success with established tenets of behavioral finance to detail: broad-based strategic guidelines to help every trader, with specific trading tactics that can be tailored to fit any plan; chapter-ending knowledge keys and calls to action that summarize each chapter's messages - and serve as a fast fingertip reference; recommendations for integrated hardware and software configurations; and, profitable uses of mechanical aspects from expectancy to position sizing; applications of NeuroLinguistic Programming (NLP) to the science of trading.

"Financial Freedom Through Electronic Day Trading" isn't out to dazzle you with arcane, elaborate facts and equations. Its only goal is to make you the best trader possible, in the shortest time possible. From Rmultiples, momentum patterns, and market maker tactics to market-making strategies, momentum strategies, and simulations, each of these intricate trading aspects is explained in straightforward, conversational style, easy to understand and apply. Electronic day trading is the first great entrepreneurial opportunity of the twenty-first century. But to be a successful electronic day trader, you must first have the knowledge to understand the markets and the wisdom to understand yourself. "Financial Freedom Through Electronic Day Trading" is the only book on today's crowded trader's bookshelf to give you knowledge and the wisdom to intuitively isolate fast-gain opportunities and grab the profits - dramatically increasing the odds of success on every trade you make.

From the Back Cover

Masterful Trading Advice and Insights­­from Two of Today's Day Trading Pioneers

More than ever before, a high-income career as a full-time trader is within your grasp. Financial Freedom Through Electronic Day Trading shows you how to do it­­without risking your savings or your sanity! This step-by-step short course on electronic day trading takes you through the nuts-and-bolts technical and strategic basics you need, then tackles the all-important psychological aspects of trading­­transforming you from an awkward, second-guessing novice into a confident, knowledgeable day trading master who knows how to turn market inefficiencies into fast, solid gains.

Noted trading coach Van K. Tharp and top-level trader Brian June combine their formidable knowledge and experience to give you:

• Proven market analysis techniques adapted to a day trading perspective
• Key tactical­­and mental­­components for developing your personal trading plan
• Below-the-radar methods to determine a market maker's position

Today's high-volume, high-profit markets are a formidable, but beatable, foe­­as long as you have the knowledge and wisdom to not beat yourself. Financial Freedom Through Electronic Day Trading gives you the trading tools and the psychological insights to control your emotions, master every market and trading environment, and knock hundreds of hours­­and thousands of dollars­­from your electronic trading learning curve.

"Our goal in writing this book is to show you another way..."
­­Van K. Tharp and Brian June

Every electronic day trader has access to the same technology and information for locating and locking in quick trading profits­­along with the same tired advice on how to use these tools. Financial Freedom Through Electronic Day Trading shows you how to master a third essential element­­trading psychology­­and discover how to gain the ultimate market edge.

While it gives you numerous examples of what to buy, when to sell, and why, this follow-up to Dr. Tharp's revolutionary Trade Your Way to Financial Freedom shifts the focus to using psychological preparedness and expectancy to gain the advantage. Based on the principle that there is no universal strategy that will work for all traders, this hands-on e-trading blueprint combines the latest techniques in business and trading success with established tenets of behavioral finance to detail:

• Broad-based strategic guidelines to help every trader, with specific trading tactics that can be tailored to fit any plan
• Chapter-ending Knowledge Keys and Calls to Action that summarize each chapter's messages­­and serve as a fast fingertip reference
• Recommendations for integrated hardware and software configurations
• Profitable uses of mechanical aspects from expectancy to position sizing
• Applications of NeuroLinguistic Programming (NLP) to the science of trading

Financial Freedom Through Electronic Day Trading isn't out to dazzle you with arcane, elaborate facts and equations. Its only goal is to make you the best trader possible, in the shortest time possible. From Rmultiples, momentum patterns, and market maker tactics to market-making strategies, momentum strategies, and simulations, each of these intricate trading aspects is explained in straightforward, conversational style, easy to understand and apply.

Electronic day trading is the first great entrepreneurial opportunity of the tewnty-first century. But to be a successful electronic day trader, you must first have the knowledge to understand the markets and the wisdom to understand yourself. Financial Freedom Through Electronic Day Trading is the only book on today's crowded trader's bookshelf to give you knowledge and the wisdom to intuitively isolate fast-gain opportunities and grab the profits­­dramatically increasing the odds of success on every trade you make.

About the Author

Van K. Tharp, Ph.D., is president of the International Institute of Trading Mastery (IITM) and has been a consultant to traders and investors for over 15 years. Internationally recognized as today's number one coach and trainer for traders, Dr. Tharp is the author of Trade Your Way to Financial Freedom as well as a five-volume home study course, a monthly newsletter on systems and psychology, and a number of articles in industry publications. His trading models and techniques were featured in the book Market Wizards: Interviews with Great Traders.

Brian June moved directly from a successful corporate career into a sizable income as an electronic day trader. A popular speaker at day trading seminars and expositions, June has written numerous articles for Market Mastery, the IITM newsletter, and is an expert at applying sound business principles to achieve trading success. He also developed a popular workshop on electronic day trading tactics and strategies.

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Customer Reviews

Lots of noise not much substance!
I had to write this comment to balance the view on this book, having just read it. If you are serious about investing, look somewhere else.

There is a small part of this book that offers an insight on the general aspects of RealTick and CyberTrader, but I think reading brokers manuals would do better. There is no strategy in this book for investing, just lots of babble. I wasted my time and I am writing this just to spare your valuable time!

I very much doubt these people can make money trading, just publishing poor quality books like this. I am sorry if this sounds harsh. If you don't trust my view, read Chapter 1 and no further! It'll give you a taste of the crap they preach, don't expect things to get any more intelligent than this.

Dr Tharp borrows concepts from Stephen Covey but fails to deliver them in the same style, making a pig's breakfast about the personal aspects of trading.

It's a shame that Jack Schwager mentions Tharp in his superb books on Market Wizards! Jack you ought to know better!

Harsh criticism, but this is the only way to warn people and to dissuade these charlatans from publishing insulting books on investment!

Opening The Eyes Of A Professor
As a university professor of Economics for 22 years, I've known of and taught about the evolution of economic markets from one society to another. This book will take you into the world of trading but at light speed. It's exciting and will show you the potential benefits and downfalls of the market. It guides you along the razors edge of the day trading world and shows you how to be successful while others are cut to pieces. This book is one of 3 books that I highly recommend to students and clients of mine. The other two books are Back On Track To Financial Freedom, By: Andrew J. Green and Rich Dad Poor Dad, By: Robert Kiyosaki

Essential reading!
I have bought and read a lot of trading books since starting trading 14 months ago (approx 12 books). Most trading books cover pretty much the same topics regarding TA and stock picking, however this one is different.

The book is easy to read for the beginner but is not too basic for the more experienced trader. Real-world trading examples are used to demonstrate principles (though they are American examples).
This really is a book that can take you from a beggining trader to a profitable trader, or at the very least it will stop you from losing all your money (which can happen very quickly in this game).

The book covers a lot of ground, but it's primary strengths are where it covers money management and trading psychology.
The psychology side permeates the whole book as well as having dedicated sections, with some revelations that seem obvious after reading, but demonstrate the way our mindset gets stuck in a rut. A rut that can cost you everything on the markets.
The money management sections are just a goldmine pure and simple, they could save you the price of the book on your first trade!

If my bookshelf caught fire, I would aim the extinguisher at this book first. (That's a slight untruth as it has a permanent place of residence in my laptop bag and goes everywhere with me).

Read it, then read it again and promise yourself that you will follow it's teachings before you put one penny into the money markets.