Product Description

A market maker reveals how he: times entry and exit points for minimum risk, maximum profit; combines fundamental and technical analysis; and, controls his environment every day, with every trade! Hundreds of books, written from the buy-side viewpoint of the successful trader, promise day trading success. "The Market Maker's Edge" is the first book to turn the tables, working from the sell side to explain how the market maker routinely maintains the upper hand, seizing profits while controlling risk in today's volatile marketplace.Written by a Josh Lukeman - a Morgan Stanley Dean Witter market maker who has honed his skills for years - "The Market Maker's Edge" reveals: 4 signals for spotting - and profiting from - a developing trend; important risk control concepts every trader must know to protect against losses; advanced trading strategies based on recurring technical patterns; and, today's top market makers operate in intensely competitive atmosphere, with millions of dollars at stake. "The Market Maker's Edge" is today's only trading book written from inside the market maker's domain. Use it to open the door, and shed light on the trading tactics used by Wall Street's most powerful market making institutions.

Product Details

• Amazon Sales Rank: #26603 in Books
• Published on: 2003-03-01
• Original language: English
• Number of items: 1
• Binding: Paperback
• 224 pages

Review
"This book will let you see the little-known but effective trading tactics and methods of today's top market makers."--Technical Analysis of Stocks and Commodities

From the Back Cover

A Market Maker Reveals How He:

• Times Entry and Exit Points for Minimum Risk, Maximum Profit
• Combines Fundamental and Technical Analysis
• Controls His Environment Every Day, with Every Trade!

Hundreds of books, written from the buy-side viewpoint of the successful trader, promise day trading success. The Market Maker's Edge is the first book to turn the tables, working from the sell side to explain how the market maker routinely maintains the upper hand, seizing profits while controlling risk in today's volatile marketplace. Written by a Josh Lukeman--a Morgan Stanley Dean Witter market maker who has honed his skills for years--The Market Maker's Edge reveals:

• 4 signals for spotting--and profiting from--a developing trend
• Important risk control concepts every trader must know to protect against losses
• Advanced trading strategies based on recurring technical patterns

Today's top market makers operate in intensely competitive atmosphere, with millions of dollars at stake. The Market Maker's Edge is today's only trading book written from inside the market maker's domain. Use it to open the door, and shed light on the trading tactics used by Wall Street's most powerful market making institutions.

About the Author

Josh Lukeman is an active short-term trader at Morgan Stanley, where he also produces a daily technology sector bulletin for fellow traders.

Customer Reviews

Wow, what a book!!!!!!
A must for the daytrader, the week trader, the month trader etc. The book tells you how to find your point of entry and when the redd light is flashing and it is time to get out. It explains several fallacies which will help you to cut your losses. A very, very usefulbook indeed and worth every dollar.
The one disadvantage is that it doesn't look very appetizing and it uses an ugly print. Also the graphics are of pretty bad quality.
All in all: good value for money even if you know nothing about stocks.

The best trading book ever?
I bought this book more by chance than anything else and can honestly say it is probably the best trading book I have come across yet. So many books promise a lot and are full of meaningless waffle. This book is short on flowery waffle and chock full of essential but easy to read information. The title is a bit misleading though. Although it is written for day traders, the information it gives is equally essential to short or long term traders and investers. An outstanding effort by an author I had never heard of before buying this book.

Trading Book you must read
I am an amateurs trader with a full-time job. When I review the market information every trading day after getting off my work, I always get lost to analyze the market information and am hard to gain any profit. After applying the simple techniques in this book including how/when to short/long, the profit of my portfolio has increased by 10% in 8 trading days. This is really an profit-making book. Although I have read a number of books on trading, all of them are too theortical and hard to apply. This book will teach you how to listen to market based on the useful information and to eliminate the over-analysis of market information. This book covers what you need to know without jargons. The Market Maker's Edge: Day Trading Tactics from a Wall Street Insider