The Books

Day Trade Online, 2nd Edition Over 100,000 Copies Sold! Now available in bookstores nationwide! BUY IT NOW! ** Click here ** to read the preface in PDF format.

From the Book Jacket:

The first edition of Day Trade Online became a worldwide phenomenon--and reached the Wall Street Journal, New York Times, BusinessWeek and USA Today business bestseller lists. Since it was first written, the stock market has evolved, and so to have the opportunities for profit. That's why renowned trading expert Christopher Farrell has created a fully revised and updated second edition of his popular guide.

Written in a straightforward and accessible style, Day Trade Online, Second Edition provides a comprehensive overview of how to consistently capture profits as you trade stocks over the Internet. It skillfully examines all aspects of this exciting field--from what it takes to get started to an in-depth analysis of which trading techniques work, which don't, and why. Most importantly, this book will show you how to beat Wall Street at its own game, by exploiting the buying and selling of the investing public in the same manner that the Street's most powerful brokerage firms and trading houses do.

Opening with a detailed discussion of how Wall Street works--and what it takes to make it as either a part- or full-time online trader--this reliable resource quickly moves on to reveal the inner workings of the short-term movements of the market, and how stocks actually trade. From here, Farrell examines the mechanics of the market maker system, the role of the "specialist" on the NYSE and the importance of the bid-ask spread; while laying the groundwork for trading New York Stock Exchange (NYSE) stocks and National Association of Securities Dealers Automated Quotation (NASDAQ) stocks.

With this information in hand, you'll become familiar with specific strategies that will help you quickly spot trading opportunities and take advantage of short-term inefficiencies in today's market. Starting with lower-volatility stocks like utilities and closed-end funds, Farrell progresses into the high-risk, high-reward domain of more volatile stocks. This approach will allow you to become better acquainted with the essential trading principles of supply and demand in areas that are slower moving--instead of jumping headfirst into more volatile sectors of the market.

Filled with in-depth insights and practical advice, this step-by-step guide will help you:

• Get started in online trading, avoid common pitfalls, and make money in any market conditions

• Incorporate short-term trading techniques that were once only known by highly paid Wall Street traders--such as the practice of exploiting the bid-ask spread--into your online trading endeavors

• See the market from the perspective of an NYSE specialist or NASDAQ market maker, and profit from this newfound view

• Learn why the fair order handling rules and recent changes to the New York Stock Exchange can be your ticket to profit Learn how to quickly spot trading opportunities before others by using the NYSE's specialist system, and its so-called "house edge", to your advantage And much more...

The independent online trader can compete and thrive in a marketplace dominated by large Wall Street trading houses, but only by knowing their secrets and beating them at their own game. The Second Edition of Day Trade Online will show you exactly how.

The Day Trader's Survival Guide (HarperCollins, 2000) Amazon.com bestseller!

From the back cover:
Day trading is war. Every dollar a day trader makes is won in a struggle against lightening-fast market movements, market makers who manipulate stock prices, online brokers who mishandle orders, gut-wrenching volatility, and NYSE specialists who have an insider's edge on prices.

Let bestselling author and expert day trader Christopher A. Farrell show you how to stay ahead of the game. In his new book, he introduced trading scenarios and tactics that the nimble online trader can use against the powerful trading desks of big-city brokerage firms. He explores the dangers of volatile markets and shows readers how to:

• exploit inefficiencies in the NYSE's specialist system
• beat the market makers at their own game in NASDAQ's volatile tech markets
• employ exotic strategies in such areas as arbitrage, illiquid stocks, and out-of-favor market segments

From Online Investor Magazine:
"Writing a book on day trading seems to be as difficult as trading itself. You can find plenty of day-trading manuals on the bookstands, but most are difficult to follow or filled with a lot fluff.

Not The Day Trader's Survival Guide. In it the author describes simple strategies and tactics for day trading, presenting them in a way that just about anyone can understand. A former Wall Street trader, Farrell avoids platitudes in favor of specific advice that doesn't require arcane knowledge of cups and handles, heads and shoulders, or even hoofs, and mouths. Instead, you get the lowdown on matters such as why NASDAQ stocks are so tricky to trade and how exchange specialists have such a huge advantage over you. Farrell minces no words in his opinion of NASDAQ.

All in all, the $29 cover price could be a good value for both aspiring traders and investors looking to better understand the tricks of the trade"