The Ultimate Day Trader: How to Achieve Consistent Day Trading Profits in Stocks, Forex, and Commodities

by Jacob Bernstein

Day trading is difficult. The path is fraught with risk. But a pot of gold awaits those who learn their lessons well. After four decades in the markets as a trader, analyst, author, educator, and system developer, Jacob Bernstein sets down a comprehensive guide to the art of day trading.
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With this book, readers will have the complete guide they need to profit from this risky but exciting field. Trading profits are just a day away.

Genres: Finance, Business

352 pages, Paperback

First published January 1, 2009

Reviews

[Leon]

Clear and concise book to be used as a foundation to day trading with the right emphasis on the important aspect of day trading, (eg. risk management, waiting for trigger/confirmation & that no systems/methodologies are infallible and the weakest link in the chain is the trader.)

As mentioned in the book, take the systems and test/backtest it before implementing it and tweak/refine the systems to suit your personality/timeframe.

[Brendon Johns]

Lots of great info in this book. It’s a little dated though I think. Using the bar charts was tough as I’ve only ever used candlesticks personally. And a lot of it felt more like swing trading strategies rather than day trading. Very useful overall though.

[Matthew]

I really liked the short explanations of the trading methodologies and the stats on how successful they were. I also like the summaries and bullet points to make this a short read. There were some anecdotes but I didn’t find myself bored waiting for the information I bought the book for to reveal itself.

The strategies make sense to me and even for a new trader they’d be fairly straightforward.

Overall I enjoyed this book and would recommend to anyone looking to get into trading or whose already been trading and wants to expand their toolkit.

[Nick]

The author is relatively thorough with his methods and provides the examples/charts to prove his work. He seems a little biased which is cautious but he does seem genuine. The book is written well until the last 2 chapters where he repeats everything three times.

I would recommend this book to any one looking to trade futures and stocks, not Forex.

[Rana Awais]

Jacob Bernstein writing style is more objective than any other Author of any book on Money Market

[Scott Carpenter]

The book was a little out of date and contained many formatting errors with the figures and charts. Decent information otherwise.

[AJ Gallegos]

This book does a great job at setting a foundation to the successful day trader. It’s a solid book for a trader who is already knowledgeable about basic trading concepts and definitions.