Skip to content
Hardcover The New Day Trader Advantage: Sane, Smart, and Stable--Finding the Daily Trades That Will Make You Rich Book

ISBN: 007150852X

ISBN13: 9780071508520

The New Day Trader Advantage: Sane, Smart, and Stable--Finding the Daily Trades That Will Make You Rich

Markets are abuzz over the rebirth of the day trader. Rather than manaically trading volatile stocks multiple times in a single day, active traders are now holding onto investments longer, relying more on planning and patience rather than fast reflexes. The New Day Trader Advantage features surefire techniques for profiting from this more measured, cunning method of active trading-techniques that will help busy professionals and individuals...


Format: Hardcover

Condition: Like New

Save $32.01!
List Price $39.00
Almost Gone, Only 1 Left!

Customer Reviews

3 ratings

Not bad...

Despite some heavy promotions for paid services, there are some pretty good tips. If anything this book really shows how much research one should do before investing. I'll keep this book around...


I'm not a new investor. I've read many articles and books on investing and this is a must read, especially if you are a new investor. There are a few bad reviews on this book by more "advanced" investors, so I would not recommend this for more advanced investors, unless you have "lost your way" and need to get back to basics. This book is for the people who have been duped into the mainstream thinking of "buy and hold", which has burned many investors for years, but especially since the summer of 2007. If you want to manage your own portfolio of investments, as I realized I could do, and realize gains that are above the market, which I have, this book is for you. If you are like me and are skeptical about most everything and are saying, "hey thanks for the comments Sherlock, now just tell me what's in it?" Here's the meat of what is in it... - This book is an easier read that explains all of the investing and trader jargon. - Recognizing reoccuring patterns. The 270 to 280 day cycle of stocks (38-39 week cycle), with a pause after 130-140 days. This shows how the majority of stocks move in one direction during a time period, then move in the opposite direction. Just a short note...March 9th was the most recent low point for stocks. 130-140 days into the cycle, is July 17th. We are already seeing signs of the market going sideways before the first decline. If you go 270 days ahead, the next low will probably be AROUND 4 Dec 2009. It should start to deteriorate before this date, however. By Oct, I'm going to be "all cash" in my portfolio. - Sifts through the truly good investment websites are out there. All throughout this book, it gives great investing websites. By the way, if you have not heard of "investools", you must check out this website. Stated simply, the tools I have used at investools and tdameritrade have made all the difference in my investing!...not a paid advertisement! - Introduction to Robert Drach. This man has an amazing record of prediciting low points for stocks (91%). This alone is well worth the price of the book. - step-by-step analysis for investors who are not used to talking investing jargon used by traders. This is probably why "advanced" traders who have rated this book probably do not like it. Again, if you have simply invested with mutual funds in your 401K or IRA and you have not done technical analysis on companies or think you "can't invest on my own because I don't know enough about it", then this book is for you. - Thinking in terms of news that can affect a group of stocks in an industry. Again, not new information if you are "advanced", however, considering industries coming into favor is absolutely essential to good investing, since the majority of moves in the market are made by insitutional investors (the mutual funds and brokerage houses that mismanage most people's money and then take a fee for it). The bottom line is this: If you have followed the advice of people who manage money for a living

If It Was Easy We'd All Be Rich

The other reviewers seem to believe that the information about paid services are all the book contains. I couldn't disagree more. If anyone has found the book that gave them their first million without any work please Email me so that I can buy it. I'll pay top dollar. This book is what it is. It's a good read with good concepts. I agree that the services mentioned are for those with sufficient funds to use them. However, the vast majority (in the neighborhood of 95%) of the book is useful information for everyone. If you're looking for a way to invest and get rich without working marry someone with lots of money. Otherwise gain knowledge from books similar to this one, figure out your own personal game plan, and take credit for both your good and bad decisions. There is no free ride on the millionaire highway. The same people bashing this book probably love Cramer. I'll tell you I liked this book more and I found more useful information in this book than in any of Cramer's.
Copyright © 2023 Terms of Use | Privacy Policy | Do Not Sell/Share My Personal Information | Cookie Policy | Cookie Preferences | Accessibility Statement
ThriftBooks® and the ThriftBooks® logo are registered trademarks of Thrift Books Global, LLC
GoDaddy Verified and Secured