Bernsiein reviews the tactics taught in Compleat Day Trader I and II then goes on to elucidate a number of more advanced topics that, like his other systems, give very clear entry and exit points and therefore help to minimize the risk.
Jake also again warns of the risks of day trading and shows the importance of developing one's own rules and consistently following them in order to avoid making costly mistakes.
Highly informative and easily read books which should be on every day trader's bookshelf. If you are looking to get a solid understanding about Day Trading Commodities then these the books you must have.
Bernstein has put together two great books on day trading that cover all aspects of the day trader from psychology to order placement to systems and to indicators. They cover all important aspects of the high risk venture. These books are among a number of good titles that will add to the readers knowledge of the topic. He give value for the money and solid information that makes good sense. His chapters on managing risk,order entry, and trader discipline were especially helpful.
Actually, Bernstein doesn't offer guaranteed profits as do some of the promoters of day trading methods but he does offer tools to help us learn the business of day trading.
If you really want to day trade, sit in front of the market for a year or so. Everyday, take thorough notes and see what you can come up with. These a good books that will make you become a profitable trader.
You will love The Compleat Day Trader I, and I love the Compleat Day Trader II. The systems that Jake presents are really amazing. The simplicity and ease of use of the trading systems presented within is what attracted you initially. But you also will find that Jakes advice on trader psycology and sticking to your system help your 'game' tremenously.
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Part 1
Part 2
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