Active traders must get inside the head of the all-important market maker--"The Ax"--before they can begin to truly compete.
The Market Maker's Edge, written by longtime ax Josh Lukeman, is the first inside look at how axes think, what they look for, and, most important, how they can be beat.
Price: $13.57
User Reviews about The Market Maker's Edge: A Wall Street Insider Reveals How to: Time Entry and Exit Points for Minimum Risk - Maximum Profit; Combine Fundamental and Technical ... Trading Environment Every Day - Every Trade
I bought this book for my husband who wanted to learn the art of day-trading. He'd been studying the market for years, but he lacked the insiders' tips that he felt could help him succeed. I was worried that this book might be too basic for him, since he's read several others. It was not.
One of the things he really liked about it was the exercises the book provides. You can practice some of the techniques in retrospect. He found that very helpful.
He now feels ready for day trading. Now if we only had any money... -- The only book you need
This is by far the best book on trading I have in my collection. Lukeman covers almost everything one woudl need to know about trading. Well written and each chapter has very good information. Enjoy! -- Excellent Book
This was the 30th book on the markets and trading that I read. I'll admit I quit trading several times. But, I find this book is way better than the books I read years ago because it has specific ideas on how to trade. I loved the section on gaps and the great ideas like what he calls up-hooks and reverse hooks. I believe this book kind of screwed my head on straight for trading. But, I'm still in a period where I wanted to read for several months before I start actively trading again.
I should note however, that I did a weirdly good trade right after reading the book. I believe this was the first time I made an amazing trade. I shorted a stock close to $29 and exited two days later when the stock was around $24. (Actually, I had bought a put option for $0.80 and sold it for $2.15.) -- Required reading in my opinion.
As a professional trader and someone who has learned from the school of hard knocks as well as someone who has been trained through On-line Trading Academy (www.tradingacademy.com), I can not speak well enough about how this book broke down trading to it's core essentials. The key in trading is risk management, controlling your emotions and understanding how the market functions (i.e, price action, supply & demand, trends, support & resistance, and all the other basic principles). This book is extremely well written and should be included in every trader's library. I highly recommend it as it will give you great return on your investment.
Best wishes and may all your trades be "green."
-- exceptional book...tells things as it is
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