Day Trading on the Edge: a Look-Before-You-Leap Guide to Extreme Investing: Leslie N. Masonson
Editorial Reviews
From Library Journal
Pure and simple, day trading is more closely related to off-track betting, casinos, and gaming halls than it is to investing. Surging bull markets at the close of the decade have made the stock market the “in place” to be. Masonson, a day trader and consultant, provides an instruction guide for other would-be day traders. The author does a credible job of noting downside risks, notably that most day traders lose money and the failure rate is substantial. The lure of easy money, however, is highly enticing. Masonson provides a primer on day trading, offering detailed hardware and software recommendations, down to the right chair to sit in. The book’s greatest value is its interviews with other professionals engaged in day trading, while a chapter dealing with how to retain earnings is particularly valuable for any small business. Libraries with a strong financial section might consider this book.DSteven Silkunas, Southeastern Pennsylvania Transportation Authority, Philadelphia
Copyright 2001 Reed Business Information, Inc.
From Booklist
The notion of day trading for beginners may be something of an oxymoron because, as Masonson emphasizes, day trading should be considered only by experienced investors who are willing to assume a great deal of risk. Masonson is a consultant specializing in cash management and the author of Cash, Cash, Cash: The Three Principles of Business Survival and Success (1990). He is also a successful day trader. Unlike others who have touted the get-rich-quick possibilities of day trading, Masonson fills his advice with caveats. For those determined to take the plunge, he lays out the basic principles and key rules of day trading. He also spells out the advantages and disadvantages of using a day trading firm versus trading from home. He details the attributes of successful traders using a survey of 200 persons and includes interviews with 11 traders and 6 trading firm CEOs. In addition, seven “pro’s” have contributed chapters to this straightforward guide. David Rouse
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