read ✓ eBook or Kindle ePUB ´ Gary WolfE trend while working very hard to find a way to glory be ANTICIPATE the trend The incidental information on the significance of spreads of just who you are playing against add brokers and market makers to day traders and how this #Passion May Take Over Your Life Is #may take over your life is the best of the book Noteworthy is Anuff s description of the three monitor layout and the software he sed and the sites he visited while ensconced in his Frisco apartment Glued To CNBC Whistling to CNBC whistling theme songEssentially dumb money is nonprofessional money What Anuff learned in his experience as a
day trader is that the market makers and the brokers and other professionalstrader is that the market makers and the brokers and other professionals have a big advantage Although the playing field has leveled considerably in recent years you still have the spread against you and your information is stale and second hand Anuff says nothing about insider trading but it doesn t take a genius to realize that it happens all the time Note if you will prior to an earnings announcement which direction the stock in Amagami Precious diary, uestion takes Nine times out of ten the direction will anticipate the tenor of the announcement If it sells off you can be nearly certain that the news is not so good If it inchesp you can bet that a rosy report will follow How can this be Could it be that insider knowledge leaked out ahead of time to selected individuals who traded accordingly and that such action was in turn noted by market makers brokers and others close to the scene who took advantage Yes it s against the law but so is speeding on the freeway Also not mentioned is the action ahead of a broker downgrade or JAPAN 1/1M3. upgrade By the time you hear about it the stock has already popped or taken a haircut As poker players say you re chasingAnyway Anuff founder of Suckcom and Gary Wolf takes on a blitz tour of the day trader s world They throw in a little painless history share experiences drop some Wall Street and Internet biz whiz names spin some anecdotes wax nostalgic and generally just lay wide open the human psyche of greed and fear so palpably that once or twice I had the Secangkir Kopi Panas di Pilot Cafe urge to tell Anuff to go take a shower They do this so well and with so much color and. Own experiences with the brilliant investigative work of his Wired and Suck colleague Gary Wolf Dumb Money explores and explains the world of day trading as has never been done before No strategy is too crackpot to try no news break too dubious to play off no so called guru too shady no online chat room too pathetic Using the rhythms This book copyrighted in 2000 was a first hand account of day trading during the tech and internet boom The author had some good stories describing particular trades he made along with theps and downs that went along with them I think I was looking for a book that discussed the rationale and concepts the author had during that time of day trading However he went much into how he felt and his different habits eg chewing Nicorette to calm his nerves not holding a position overnight because he couldn and his different habits eg chewing Nicorette to calm his nerves not holding a position overnight because he couldn sleep The authors did a decent job discussing some techniues others employed But then they would get into conversations with those traders I am pretty sure I would have liked the book better had there been a detailed explanation of those techniues and no I am not looking to get into day trading The problem was the authors would begin to start explaining the techniues but abruptly stop and begin a completely different story
Usually About How Heabout how he It was an easy read but the book just lacked a direction from start to finish Entertaining informative scrumptiousThis is a The Trial of Lizzie Borden uick read as breezy as the sports page and as agreeable as a six figure income before you re thirty But beware Underneath the adrenaline rush lie material angst and emotional depression After reading this you may take a certain delight in writing yet another line of boring code or in pickingp that phone and punching in the numbers as you puff yourself SpecOps: Expeditionary Force, Book 2 up for a cheery hello You might even walk outside and admire the scenery realizing that perhaps day trading is its own peculiar hell the kind of thing the gods do to you when they grant your dearest wishOn the other hand this book might psyche youp to take the plunge or recharge you enough to catch the open tomorrow morning If so if you hear the siren call of the market or feel that passion for action then this is a good book
to read for what you can learn about how some day traders buy and sell They will be part of yourread for what you can learn about how some day traders buy and sell They will be part of your There s a lot of insight here into what works and what doesn t work or I should caution what worked and what didn t work It s clear that what day traders like Anuff do is follow th. As you read this five million Americans are day trading Not since gold was discovered in California have people dropped out of their old lives and come running for the promise of a big score For a time Joey Anuff was among them He has emerged enriched enlightened and exhausted to share his story In a marriage of Anuff's. .
AS THE RAGERS TOUT DISS PUMP the ragers tout diss pump dump and otherwise scream their lungs out trying to mislead a gullible public You ll learn why day traders always close out their positions before the bell rather than climb walls You ll learn what you can do about the gap in the morning which is close to nothing You can try bleary eyed to rescue your position in the before market session but most likely it s too late
You ll learn why after a breaking news story the market goesll learn why a breaking news story the market sometimes goes way hesitates and then goes the other Anuff and Wolf explain on page 152 that some Myself Among Others uick fingered traders anxious to beat the pack initially misread the news You ll learn why technical analysis with its resistence and support levels works despite the fact that any fundamentalist can prove it s a voodoo science The authors explain it on pages 147 149 as a self fulfilling prophecy that people believe They don t explain why fundamental analysis seldom works even though it s real science but I will One a fundamental analysis of a company s true value vis a vis the marketplace issually too complex to get right and two a significant percentage of buyers and sellers trade on emotion ensuring that psychological factors predominate in the short run Yes Virginia in the long run fundamentals will out But you know what John Maynard Keynes said about the long runHere s my favorite bit of colorful writing from page 154 The authors are talking about a stock flying p in the after hours All the previous day s losses had been erased and tomorrow the shorts if there were any left would be sueezed ntil their little piggy eyes popped out of their headsBest joke In a greedy moment Anuff has decided to hold a position overnight There are seventeen and a half hours between one day s close and the next day s open and that is a long long time to be on your knees hands clenched tightly looking How to Be an Even Better Listener up at your twenty four foot ceiling praying that if there is a God he isn t just Dennis Littrell author of the mystery novel Teddy and Teri. F a day trader's typical day as its frame Dumb Money is a dispatch from the front lines of the stock market revolution a brutally Darwinian battleground on which some become wildly rich and become part of the body count It is essential reading for online investors off line investors voyeurs concerned citizens and adrenaline freaks alik.