Stock Patterns for Day Trading

by Barry Rudd

Book Overview

This book describes the trading strategies used by a professional stock trader in his own trading. The ideas come both from friends who are successful traders as well as his own experience with SOES... This description may be from another edition of this product.

• Format: Hardcover
• Language: English
• ISBN: 0934380414
• ISBN13: 9780934380416
• Release Date: January 1998
• Publisher: Wasendorf & Associates Inc
• Length: 224 Pages
• Weight: 1.85 lbs.
• Dimensions: 0.9" x 8.8" x 11.3"

Customer Reviews

Excellent Daytrading Book (Volume 2)

It is difficult to find a good daytrading book that gives you a tremendous amount of chart examples and notes to help you find a good set-up on a 5 minute intraday chart. Most of the other stockmarket books out there give you the same old stuff that you have read many times before. Barry's style of daytrading you will find is straight forward using price patterns,set-ups, sell-offs, gaps, discussion of the price bar for the more experienced intraday traders. Looking for tradeable daily setups from congestion areas. If you don't understand the first time go through it several times until you do fully understand the information presented. This is not a book that cover's stock indicators that most of the rookie trader's use to trade stocks. You can find lots of those kind of books in your local bookstore.

Worth the Money

This book is great for anyone who wants to seriously trade stocks for a living, and it covers many crucial topics for persons just starting to make money day trading.Once you are in the trade, Rudd does not just leave you to fend for yourself.This book is about as close as you can get to understand how to make day trading successful.I found this to be an honest and detailed look into the mind and procedures of a trader.All in all, I have to give a strong recommendation to this book. It is well worth the money.

6 STARS

I've bought many books on investing and daytrading, and this book, along w/ the advanced volume, are by far on top of the list. Barry gets right to the point, no B.S. here. The books are loaded w/ actual charts so you can see (not just read) how the actual setups unfold. Get this.....I emailed Barry w/ a question, and he called me a couple of days later, spending more than 10 minutes w/ me on the phone. (After the market was closed of course! ) How many authors do you know that would've done that!

Doesn't get any better than this

This book contains a gold mine of treasures. Each page contains nuggets of ideas that can be mined for trading success in the market. The four main sections of the book are broken up as follows: 1) Primary trading strategies - there is some repeat from Barry's first book, but many additional trading patterns are also covered. 2) Supporting tools & tactics - this covers what to look at in addition to daily charts to help with trading decisions. GOOD STUFF. 3) Real-World trade analysis and money management - Puts the whole trading process & thought patterns that go along with it under a microscope to summarize the analysis a trader must conduct to be successful. 4) The Psychology & Discipline of day trading. Know yourself before you trade! Things to analyze about yourself and know about yourself before you begin to trade.This book, like Barry's first book, contains no fluff. There are no wasted words. Barry concisely gets to the heart of the points he is making. I own approximately 10 books on daytrading. After trading approximately 1 year the only two books I go back to to consolidate/refresh/ingrain ideas are Barry's books.Sorry Barry. The rating system only goes up to 5 stars. I'd give this book a 6 star rating also.

Charts are the foundation of all daytrading systems

I've spent in the neighborhood of $500 on daytrading books in the past 12 months. If I could only purchase one daytrading book this would be the one. Over the past year of daytrading I've learned the three best tools for timing trades are 1 - real-time charts 2 - level II quotes & 3 - time & volume of sales. This book has more examples of charts than the other 10 daytrading books I own combined (that doesn't include Barry's second charting book which I also highly recommend). This book is all about keeping things simple. Forget about stochastics, MACD, & all the other things recommended in the Compleat Daytraders I & II books. Barry believes in the KISS method. Keep it simple stupid (thats my paraphrase of what he recommends). Part of my enthusiasm for Barry's book has to do with my trading results before & after reading his book. Because his book was more expensive than others available I purchased some of the less expensive, introductory, daytrading books. I started trading & over about 7 months lost approximately $7,000. In the past 5 months (since purchasing Barry's book) I have become more patient waiting for the correct chart formations & have become a profitable, part-time daytrader. The $7,000 loss I had 5 months ago has turned around and become a $53,000 gain. Some of this turnaround is naturally a result of my maturation as a trader. Everyone writes about having to pay one's dues, so to speak, to get an education in daytrading. I certainly did. However, if I could pinpoint THE major turnaround in my trading activities, it would have to do with reading Barry's book.Can I give this book six stars?