The Undergroundtrader.com Guide to Electronic Trading

by Jea Yu

On his hugely popular website Undergroundtrader.com, Jea Yu tells traders how to stand firm, trust their instincts and knowledge, and grab the day trading profits they deserve. Traders trust Yu's hard core, just-the-facts perspective to cut through the fluff, hype, and misinformation--and deliver effective trading tips and strategies on techniques, order routing, technical analysis, market maker activity, and more.

Here, Yu dynamically transfers his methods for making daily, real-time recommendations to the printed page. Traders will derive instant benefit from Yu's straightforward, website-driven analyses including:
* Vital and detailed information on the different stock markets
* Techniques to profit from IPOs and Internet stocks
* A day in the life of a successful electronic trader Jea Yu (Rockville, MD) is the managing partner and co-founder of www.undergroundtrader.com, a leading chatroom and instructional Website for day traders. Yu also is the lead instructor for the website's popular seminars for new traders.

249 pages, Kindle Edition

First published December 1, 2000

Reviews

[Andrew · Rating 2 out of 5]

I'm not sure what I expected from a book about electronic trading from the year 2000. It's certainly dated (he recommends using a Pentium III and a 56k modem) and most of the advice needs to be redefined in light of changes in the past decade.

I'm pretty sure the book is just a pointer to the author's intraday trading website (still in operation), because it doesn't give nearly enough information to the beginner trader and tells the experienced one what he already knows. The technique in the appendix re Fibonacci sequences was intriguing.

Don't buy, don't read. Don't even borrow from the library.

[Michael · Rating 4 out of 5]

Has some great info on Market Makers and Level II. Great scalping techniques. Shows you how to follow the money on your day trades. Lots of other good stuff. Would recommend as a must-read for all day traders.

This book is now out of print, but there's a revised and updated version titled Secrets of the Underground Trade.