Book Review: Electronic Daytrading 101
Sunny J. Harris; John Wiley & Sons; 2000
This is another book likely to attract the attention of an aspiring day trader. At 342 pages, it is superficially impressive. The body of the book contains about 110 pages of introduction, which is followed by about 230 pages of appendices. However fully 130 pages of the appendices are simply a listing of NASDAQ symbols with the associated company names and lines of business.
The first hundred pages are useful for someone who knows absolutely nothing about day trading (precisely why I bought it). Oriented toward NASDAQ trading, it explains Level II, the benefits of trading on ECN's, and order types. Only 15 pages are devoted to actual trading strategies. The best part of the book is the slim 57 pages of the few useful appendices. These are a reasonably thorough compendium of resources: educators, informative web sites, ECN's, online brokers, direct access brokers, analytical software, and data providers. Many of these are difficult to discover through search engines, and so the book is a timesaver in that regard.
In the end, the most significant value for me for was that it introduced me to the data provider I use. In summary, not a recommended buy. |
