Ry, thanks for the report on the Chris Farrell interview, I was just recommending this book to our friend & threadmaster Eric earlier today, for it's insights into "games the specialist play" on listed stocks (Day Trade Online, 1999 John Wiley & Sons $29.95). I recently purchased this book (available on AMZN) and gave it the one-hour pre-read "skim" to glean the high points. It is definitely worth serious study, although his style is so conservative that I doubt I could ever trade that way without becoming seriously bored and under-stimulated ;) He likes very nonvolatile stocks, and makes his money scalping the bid-ask spread for 1/16ths and 1/8ths by outsmarting the specialist. But, there IS a lot of new information in his book which could be quite useful, even for some NASDAQ traders. And, his general approach to trading is very sound. I'd agree with him on starting capital levels, per my rationale in previous posts, suspect you would too.
Regards, -Steve |
