"Josh does an outstanding job of capturing all his trading experience into an invaluable memoir detailing specific rules for both the inexperienced and experienced trader. Anyone interested in trading professionally should read this book as they will learn invaluable lessons."
—Stephen Ehrlich, CEO, Lightspeed Financial, LLC
"Having been a trader for over twenty years myself, I’ve read my share of books about the financial markets. Josh’s book is one of the few which doesn’t sugarcoat the fact that successful trading is both hard work and takes a long time to master. These lessons and guidance are drawn from real-life experiences, not hypotheticals, which simply adds to their weight. Active traders who are serious about their success need to read this book."
—Tim Knight , founder of Prophet.net, author of Chart Your Way to Profits
"A brutally honest depiction of the reality of trading. Great stuff. If you’re new to the trading game, this book will shorten your learning curve and—if you take its lessons to heart—it just might save you money and grief."
—Jason Alan Jankovsky, author of The Art of the Trade and Trading Rules that Work
Price: $37.80
User Reviews about The Truth About Day Trading Stocks: A Cautionary Tale About Hard Challenges and What It Takes To Succeed (Wiley Trading)
I came across Josh's approach in an interview in Stocks and Commodities magazine. It was there that I learned about this book. I loved the interview so much that I bought the book.
I love Josh's approach, into which he gives some further insight in this book. Mind you, he doesn't entirely reveal his trading method - For that you'll need to partake of his mentorship program. However, he does reveal enough to let you decide whether his approach matches your trading style.
Josh has a trading philosophy and approach that has always been something I've been seeking, but could never quite find until now. He likes to severely limit risk such that you really shouldn't blow out your trading account. In fact, I'd go so far to say that if you follow the method you shouldn't really have a losing day. But to all those who find that alluring, be aware that the trade-off is a limit to the upside. For example you'll probably not ever make $4000 in a day either.
His approach matches my ideal trading style perfectly. -- A great start to stop losing money
I've read alot of books on Day trading, This is one of the best, at least for me it was. The market will move alot of time with no rhyme or reason. You could say it has a schizphrenic personalitly at times, but the one thing you CAN control, and MUST control, is yourself. This books gives a lot of help in that area.
It really helped me, especially the share sizing part. I was really good at losing money with big share sizes. Now that I've down sized my share size ,things have become very controllable. I think alot of us have the same trouble with trying to make big money to fast. When you slow down you can still make money, but at a slower, more controllable pace.
Day Trading can be nerve racking so you must be prepared. Definitly a pay per share account is needed for this type of trading. I Day Traded for awhile with my Scottrade account, way to costly for this type of trading. I think they even had a poster of me in their office that read, we love this guy.
Matt -- One of the best books on Day Trading
It is a pretty good book for me as a novice trader. It has lots of warnings that is good for beginner but it only has one trading strategy that I can use. It tells me there are pay per share broker that will charge $.70 round trip for 100 shares but I wish it also list a couple of them that I can trust. -- Pretty good book
I think this book is very interesting even if you don't plan to become a daytrader. The psychological part involved in daytrading is interesting in itself. And Josh is really a good writer. You can't stop reading. It's very useful, very well structured and fun. I would like to say something a little negative to make my review more authentic but I don't know what. I just loved the book. Thanks Josh! -- I found this book very useful and very well written and I recommend it
Josh's book is not only a great read, but lays out the hard truth when it comes to being successful at day trading. I think a lot of beginners get lured into the business with the hopes of freedom and fast money, only to find lots of hard work and fast losses. Not knowing what you're doing can get expensive, and Josh gives you everything you need to know about being a rookie trader and how to not lose your shirt in the process.
His emphasis on pay per share brokers, preventing overexposure (100 share block trades to starts), and consistent wins of $.10 $.25 per trade are fantastic for people who can't stomache huge losses. I will be starting Josh's mentorship next week and from what I hear from his previous students it is a great experience. I recommend this book to anyone new to day trading. -- Excellent Guide to Day Trading For Novices and Traders Looking for a New System
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