The Guts and Glory of Day Trading: True Stories of Day Traders Who Made (or Lost) $1,000,000

by Mark Ingebretsen

Book Overview

Very few traders make money. With a failure rate of 80-90 per cent, there are often many casualties. Some traders however, make huge sums, and this work looks at the stories of 12 ordinary people who have made or lost one million dollars in a single day

• Format: Hardcover
• Language: English
• ISBN: 0761528032
• ISBN13: 9780761528036
• Release Date: January 2001
• Publisher: Crown Business
• Length: 304 Pages
• Weight: 1.10 lbs.
• Dimensions: 8.8" x 1.1" x 5.8"

Customer Reviews

In these days of high-frequency trading

and algorithms and assorted automated technologies it feels comfortable reading these tales of everyday individuals who invest with the hopes of striking it rich. I found Mark Ingebretsen's book to be a lively account of investing for the everywoman. His research into the lives of these individuals was sympathetic and insightful. The book is readable and entertaining and takes one far away from the current Wall Street mishaps and greed. I highly recommend.

Learn from others' mistakes

Dear Mark,I just wanted to say how much I enjoyed your book. Of course I am trying to make a living as a daytrader, but what I find interesting is that your book has the mistakes the various traders have made as well as their successstories. It is very inspirational to know that other people have setbacks too. I am living in Japan; I teach in the evenings then come home and trade from 11:30pm (Japan time) through to early morning, then sleep, then new day begins.......so I am a "night-trader"......... Anyway I just wanted to say I read and appreciated your book very much! Write another!

Someone did my research for me!

I was researching ways that I could expand my investment portfolio, and considered day trading as a vehicle to accomplish this. While browsing at the bookstore, I came across Mark Ingebretsen's book. It saved me months of research and probably lots of money too. This book neatly compiles the stories of individuals who I'm sure I would have never heard of. But, now, I have a bigger picture of what the pitfalls are, and how I can avoid them. Mr. Ingebretsen definitely has a talent for extracting details! I would highly recommend this book to anyone who is interested in the stock market.

Vicarious Thrills

Ever since completing the Guts and the Glory of Day Trading: True Stories of Day Traders Who Made (or Lost) $1,000,000 by Mark Ingebretsen, I've been pondering the question, "How is it that after reading the following, I've been thinking about becoming a day trader?" "I danced through a minefield for a whole year." "I became obsessed with watching the market." "This was truly an example of addiction..." I got hooked by this book and found myself eyeing my computer and visualized myself trading aggressively in flannels while my daughter packed her school lunch. This represents the perfect read for an aging member of Bowie's coffee generation. Despite our collective caffeine rush, we'd generally rather watch other individuals take risks. Simply put, it was exciting living vicariously through the stories of these twelve day traders. Voyeuristically inclined anyway, I turned the pages as if plowing through a best selling thriller. It's a testimony to the author's interviewing that he was able to get such diverse individuals to openly share the "guts and glory" of their experiences both personal and financial. With an even-handed style, he serves as a steady, dependable and trustworthy guide regarding the effective trading strategies gleaned from the biographical vignettes. Perhaps the question best asked of Ingebretsen is "Why is it that addiction appears to be so much fun?" For now, I'll stick with drinking coffee and clipping coupons at the kitchen table.

Fascinating tales

Guts and Glory tells the fascinating stories of day traders. Though few of us may be willing to live with the risk and stress that these traders thrive on, it's fun to get a peek into their lives and their trading strategies. Ingebretsen's clear, compelling writing brings these traders to life. A good read!