The Guts and Glory of Day Trading: True Stories of Day Traders Who Made (or Lost) $1,000,000

Book Description

Jump Into the Day-Trading Trenches and Sharpen Your Own Survival Skills
Every battle has its winners and losers. Every day, thousands of day traders take their battle positions in front of their computers to go head to head against the world's best, and most powerful, trading institutions. There are casualties—many casualties. But there are also victories—moments when an individual trader reaches the pinnacle of our capitalist system to take a profit from the market.
Making money isn't easy—with a 75 to 90 percent failure rate, only the strong survive, and only the most savvy live to trade another day. But despite the negative press, a wildly unpredictable market, and the possibility of losing their shirts on any given trading day, these market mercenaries continue to trade, and day trading continues to grow as a profession. What drives them? How do they do it? What are their secrets? In The Guts & Glory of Day Trading, you'll read the astounding stories of those traders who have been skilled enough to make significant money, and the gut-wrenching dramas of those who were unfortunate enough to lose vast fortunes.
Whether you're a trader yourself or just a casual investor, their stories and strategies will keep you on the edge of your seat. The valuable lessons from this trading dozen tell more than just the pits and peaks of stock trading. They teach the survival skills and tactics necessary to live to trade another day. You can learn how to improve your own trading or investing techniques by learning what most of them did right—and what some of them did wrong.
"An excellent successor to Jack Schwager's Market Wizards. I highly recommend it to anyone serious about trading and investing." —Zhiwu Chen, professor of finance, Yale University School of Management
"Mark Ingebretsen subtly debunks the worst day-trading stereotypes. The stories offer real-life lessons that any trader can profit from." —Jamie Heller, editor-at-large, TheStreet.com
"Invaluable reading for anyone who considers making money in the stock market a priority." —Kris Skrinak, general manager, ClearStation.com

Customer Reviews:

A Handbook For Skeptics.......2005-11-09

I was thinking of leaving my present job (in the administrative field, basically, I work as a secretary in an office downtown San Francisco) for the glamorous field of day trading, because a cousin of mine claimed to have made over $10,000 a day for eight days in a row, and this fellow is a totally uneducated guy without a brain in his head, so I figured, how hard could it be? However Mark Ingebretsen's book convinced me that I'm not quite as ready as I thought I was to jump into the pool of guts they call the day trading game.

No matter if you're new to the job or an old hand, day trading requires either nerves of steel or a mind completely dulled by OxyContin. Ingebretsen has rounded up the usual suspects, but makes his own contribution of a radpidly expanding field by interviewing some luckless schlemiels who lost everything, and would you believe it, more than one of them claim they have no regrets! I'd be kicking myself around the block and these people are just flushed with triumphant and glistening with endorphins.

My cousin says he just went in on a dare from an old college roommate. They read a book called DAY TRADING FOR DUMMIES, and the next thing you know they were holding down space at one of those trading parlors in Sunnyside. And the next thing you know after that, Jeff (my cousin) is hosting a family reunion at "Firefly," his newly purchased retreat in Jamaica, formerly the home of the Duke and Duchess of Windsor. However, envy and jealousy have torn his immediate family apart and none of them are coming, so what's the odds? It's like being a lottery winner. On the one hand, all your dreams come true, but on the other, like Jennifer Aniston, or Karl Rove, your life becomes miserable thanks to renewed public scrutiny.

Amateur at best.......2003-12-24

The 'error' in the title of this book is a representative of the appalling quality of the book. To be fair, the author cites his definition of 'day trading' which is *NOT* the industry accepted definition.

A couple of problems with this book:

- the author appears to have no idea regarding the topic of trading;
- it generally has little to do with day trading;
- most subjects in the books are average people who got lucky with apparently no skills (nor common sense);
- the book is written in a style suited to magazines, particularly those for pure entertainment - although unfortunately it is not entertaining at all. The author is unable to direct subjects to the appropriate topics and fails to extract anything substantial in any area; and
- there is very little useful and educational information in it at all (eg statistics / methods / psychology / money management).

There are many other books that are significantly better than this one, particularly Schwager's Market Wizards books.

If you're looking for some possibly fun (for those who haven't read anything in this area), brainless and easy reading - this could be your answer to boredom.

If you want anymore, I'd almost guarantee your disappointment.

The Worst trading book i've ever read.......2002-03-04

I am a full time equity & futures trader. I have read a lot of trading books. The Guts and Glory of Day Trading, has NOTHING to do with day trading. It's just story telling. No *exact* programming code revealed, no statistical analysis either. Overall, it tells you nothing at all about day trading.

Learn from others' mistakes.......2001-12-04

Dear Mark,

I just wanted to say how much I enjoyed your book. Of course I am trying to make a living as a daytrader, but what I find interesting is that your book has the mistakes the various traders have made as well as their success
stories. It is very inspirational to know that other people have setbacks too. I am living in Japan; I teach in the evenings then come home and trade from 11:30pm (Japan time) through to early morning, then sleep, then new day begins.......so I am a "night-trader"......... Anyway I just wanted to say I read and appreciated your book very much! Write another!

The worst book about day trading I've ever read.......2001-10-05

"What is a day trader? Maybe it doesn't matter."

Unfortunately for us readers, this statement (taken from the book) is not meant as a joke. Many of the chapters are about people who have absolutely nothing to do with day trading. It is amazing that the author claims to have selected these people from a much longer list of candidates. Well, maybe it isn't that amazing when you consider that everything in this book is based on phone interviews in which the "traders" presented their own stories. No trading records were reviewed, not a single account was audited.

Let's look at two examples taken from the book:

Example 1: "Barbara Hamilton" (her real name was not given in the book): divorced and received $525,000, which she turned into (the text isn't very specific about this) a little more than one million...by buying and holding internet stocks in 1998 and 1999. Despite being considered a "day trader" by the author, she was still holding them all the way down, and lost most of her money. The chapter ends with the words: "And she was bound and determined to make back her million."

Example 2: Mary Pugh: Bet all her money (!) on one single penny stock, held it on the way up, held it one the way down. Needless to say, that's a little different from what I consider day trading.

Just as an aside: The cover blurb ("Real-life lessons that any trader can profit from.") was written by Jamie Heller, editor-at-large at TheStreet.com, the web site Mark Ingebretsen used to write articles for. I guess that's what friends are for.

Book Description

Over half of all hospitals operate under tax-exempt status. But while healthcare organizations are governed by only some of the general laws for tax-exempt organizations, they face a wide range of other stringent and complex regulations. As such, healthcare administrators cannot make organizational or operational decisions without considering the tax law ramifications. Keeping up with both health law and tax-exempt law is a daunting prospect, but one administrators must tackle. This book provides a comprehensive, one-volume source of detailed information on federal, state, and local laws covering tax-exempt healthcare organizations. It tackles complex legal issues in a practical, down-to-earth manner by providing plain-English explanations and the appropriate legal citations for further research. Written by leading experts in the fields of healthcare and nonprofit law, this comprehensive and vital resource has been completely revised and updated to present a clear view of complicated legal and tax issues. It provides detailed documentation and citations, including references to regulations, rulings, cases, and tax literature. An exhaustive index allows for quick and easy reference and annual supplements keep the reader apprised of the latest developments affecting tax-exempt healthcare organizations.

Customer Reviews:

The Law of Tax-Exempt Healthcare Organizations.......1999-12-18

As a legal advisor to a Section 501(c)(3) hospital who is not a dyed-in-the-wool tax expert, I have found this book to be of immense help. It is well-written and the examples are chosen carefully.

Law of Tax-Exempt Healthcare Organizations, 1997 (Supplement)

Average customer rating:

Law of Tax-Exempt Healthcare Organizations, 1997 (Supplement)
Thomas K. Hyatt
Manufacturer: John Wiley & Sons Inc
ProductGroup: Book
Binding: Paperback

General | Law | Subjects | Books

Property | Business | Law | Subjects | Books

General | Taxation | Law | Subjects | Books

Public Health | Administration & Policy | Medicine | Subjects | Books

General | Reference | Subjects | Books
ASIN: 0471167797

The Law of Tax-Exempt Healthcare Organizations, 2004 Cumulative Supplement

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The Law of Tax-Exempt Healthcare Organizations, 2004 Cumulative Supplement
Thomas K. Hyatt , and Bruce R. Hopkins
Manufacturer: John Wiley & Sons
ProductGroup: Book
Binding: Paperback

General | Business & Investing | Subjects | Books

Nonprofit Organizations & Charities | Industries & Professions | Business & Investing | Subjects | Books
ASIN: 047146466X

Book Description

The 2004 Cumulative Supplement thoroughly updates the 2nd Edition. It includes:

Appendix O: Healthcare provider reference guide enumerates the various principles of exempt organization law as they apply in the healthcare field and the IRSs current application of them as set forth in published IRS guidance.
Updates in the area of intermediate sanctions and governance practices of nonprofit tax-exempt organizations.
Discussion of the issuance of much anticipated appellate court decisions in two key cases, the St. Davids Healthcare case and the Intermountain Health Care case.

The Law of Tax-Exempt Healthcare Organizations: 2003 (Intellectual Property-General, Law, Accounting & Finance, Management, Licensing, Special Topics)

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The Law of Tax-Exempt Healthcare Organizations: 2003 (Intellectual Property-General, Law, Accounting & Finance, Management, Licensing, Special Topics)
Thomas K. Hyatt , and Bruce R. Hopkins
Manufacturer: John Wiley & Sons
ProductGroup: Book
Binding: Paperback

General | Business & Investing | Subjects | Books

Nonprofit Organizations & Charities | Industries & Professions | Business & Investing | Subjects | Books

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Book Description

This supplement thoroughly updates The Law of Tax-Exempt Healthcare Organizations, Second Edition (0-471-40414-4).

It includes a discussion of the following issues:

Proper treatment of ancillary joint ventures by exempt organizations
Proper application of the intermediate sanctions provisions
Ability of modern health maintenance organizations to continue to qualify as charitable and social welfare organizations
Corporate responsibility for nonprofit organizations

Preserving a tradition of service: Reflections on the tax-exempt status of not-for-profit healthcare institutions

Average customer rating:

Preserving a tradition of service: Reflections on the tax-exempt status of not-for-profit healthcare institutions

Manufacturer: Catholic Health Association of the United States
ProductGroup: Book
Binding: Unknown Binding

The Law of Tax-Exempt Healthcare Organizations, 2006 Cumulative Supplement, 2nd Edition

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The Law of Tax-Exempt Healthcare Organizations, 2006 Cumulative Supplement, 2nd Edition
Thomas K. Hyatt; Bruce R. Hopkins
Manufacturer: NY
ProductGroup: Book
Binding: Paperback
ASIN: B000N7EM0O

The Law of Tax-Exempt Healthcare Organizations: 1996 Supplement (Nonprofit Law, Finance & Management S.)

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The Law of Tax-Exempt Healthcare Organizations: 1996 Supplement (Nonprofit Law, Finance & Management S.)
Thomas K. Hyatt , and Bruce R. Hopkins
Manufacturer: John Wiley & Sons Inc
ProductGroup: Book
Binding: Paperback

Courts | Procedures & Litigation | Law | Subjects | Books

General | Law | Subjects | Books

Health Care Delivery | Administration & Policy | Medicine | Subjects | Books

General | Reference | Subjects | Books
ASIN: 0471140368

Student Solutions Manual for Kotz/Treichel/Weaver's Chemistry and Chemical Reactivity, 6th
Average customer rating:

Not incredibly helpful.

I've had better

Excellent condition and good text

Student Solutions Manual for Kotz/Treichel/Weaver's Chemistry and Chemical Reactivity, 6th
John C. Kotz , Paul M. Treichel , and Gabriela C. Weaver
Manufacturer: Brooks Cole
ProductGroup: Book
Binding: Paperback

General & Reference | Chemistry | Science | Subjects | Books
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All Titles | Qualifying Textbooks - Fall 2007 | Stores | Books
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Similar Items:

Chemistry and Chemical Reactivity (with General ChemistryNOW CD-ROM)

Study Guide for Kotz/Treichel/Weaver's Chemistry and Chemical Reactivity, 6th

Chemistry and Chemical Reactivity, Volume 1 (with General ChemistryNOW)

Chemistry and Chemical Reactivity, Enhanced Review Edition (with General ChemistryNOW)

Chemistry and Chemical Reactivity, Volume 2 (with General ChemistryNOW)

ASIN: 0534998526

Book Description

This Student Solutions Manual for CHEMISTRY AND CHEMICAL REACTIVITY is your ideal homework companion in your general chemistry course. It contains detailed solutions to selected end-of-chapter Study Questions found in the text. To ensure your understanding, solutions match the problem-solving strategies used in the text.

Customer Reviews:

Not incredibly helpful........2007-10-01

Plenty of the problems in this solutions manual have significant figure errors. A few times they forget to actually write in the answer after showing the work they did. I find that some of the problems (especially with equations that need to be algebraically manipulated) are solved in strange ways that are hard to follow. For example, instead of taking the original equation and solving for the desired variable, it substitutes all of the known information and then does the algebra. I find that if I actually try to solve a problem this way, I will almost always make an error. Sometimes the manual just skips steps, or leaves out explanations when it shouldn't.

On the bright side, when I am doing the study problems at the end of a chapter, instead of having to save my place in the book and check my answers in the back, I can leave the page open and check my answers in the solutions manual. Hardly worth the fifty bucks.

I've had better .......2007-09-29

Those of you who have taken Chemistry know that it's not the easiest class in the world. That is why I went online and bought this solution manual. However, I wouldn't waste my freakin money on it if I were you. It doesnt show crap in it. In fact, the back of my book shows more of a solution than this thing does. I like solution manuals that explain everything, this one assumes you already know what you are doing, which contradicts the purpose of the damn thing.

Excellent condition and good text.......2007-01-06

I am really happy with this book. It helped me with hard problems.

Earth Planet Number Three
Average customer rating:
Earth Planet Number Three

Manufacturer: Ty Crowell Co
ProductGroup: Book
Binding: Hardcover
ASIN: 0690250231

Earth Planet Number Three (Exploring Our Universe Series)
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Earth Planet Number Three (Exploring Our Universe Series)
Franklyn Mansfield Branley
Manufacturer: HarperCollins Children's Books
ProductGroup: Book
Binding: Hardcover

General | Earth Sciences | Science | Subjects | Books
General | Earth Sciences | Professional Science | Professional & Technical | Subjects | Books
ASIN: 0690250223

The Earth Planet Number Three (Exploring Our Universe)
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The Earth Planet Number Three (Exploring Our Universe)

Manufacturer: Thomas Y. Crowell
ProductGroup: Book
Binding: Hardcover
ASIN: B000BTLNF6

Book Description

Plasma physics has matured rapidly as a discipline, and now touches on many different research areas, including manufacturing processes. This collection of fundamental formulae and definitions in plasma physics is vital to anyone with an interest in plasmas or ionized gases, whether in physics, astronomy or engineering.
Both theorists and experimentalists will find this book useful, as it incorporates the latest results and findings.
The text treats astrophysical plasmas, fusion plasmas, industrial plasmas and low temperature plasmas as aspects of the same discipline - a unique approach made possible by the abbreviated nature of a formulary.

Infidelity for First-Time Fathers
Average customer rating:

Leaves a bad aftertaste

Misses the mark

Misses the mark

Great Second Effort

Hilarious. But very, very wrong.

Infidelity for First-Time Fathers
Mark Barrowcliffe
Manufacturer: St. Martin's Griffin
ProductGroup: Book
Binding: Paperback

Comic | General | Literature & Fiction | Subjects | Books
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Movie Tie-Ins | Genre Fiction | Literature & Fiction | Subjects | Books
Similar Items:

Girlfriend 44

Mr. Commitment

Lucky Dog

ASIN: 0312316178

Book Description

The party invitations that used to read "Bring Bottles and First Aid kit. 8pm till police raid" now say "Ben is one. Help us celebrate. Please leave quietly before afternoon nap." It seems that life is moving on but Dag is not quite ready to move with it. When his fiancée becomes pregnant, Dag panics, and begins an affair with the much younger Cat. But when Cat announces her pregnancy, Dag is faced with a terrifying dilemma that Barrowcliffe paints with his signature with and humor.

Customer Reviews:

Leaves a bad aftertaste.......2003-05-08

Stewart Dagman (Dag), a mid thirties British bloke, is engaged to be married to his live-in girlfriend of ten years, Andrea Ellis. And guess what? She's pregnant. But Dag also has this fresh young "bit on the side," Cat Gray, and guess what? She's pregnant too. So what's a guy to do?

On one hand, I found INFIDELITY FOR FIRST-TIME FATHERS side splittingly funny -- even the thoroughly British parts that a poor American like me didn't get. Dag is being assailed by a fiancee whose desire for the physical is much greater than his own, and Barrowcliffe does a hilarious job of describing the way men in their thirties and forties are continually cruising for women in their twenties. The story is a comic roller-coaster, the reader propelled from one twist to the next. I don't think there's a single potential turn that Barrowcliffe failed to make, except for the one at the end. There he crashed.

Which brings me to the part that isn't funny: The entire plot. It could have been an interesting (and yes, still funny) tale of a guy's attempt to do the right thing, but Dag doesn't hold up his end of the deal. He comes across incredibly selfish and unlikable, which would be fine if he wasn't the lead character, but he is, and three hundred some pages in his whiny company are enough to kill any joke and completely total any "deeper meaning" the story might have fostered. His slapstick conversations with his best friend, Henderson, don't improve matters. Basically the reading experience consists of following an immature guy through a series of incomplete breakups and near misses while he makes sometimes apropos, sometimes totally nutty comments about everything from politics to relationships (what else?) to dealing with your in-laws. And the thugs? The electronic surveillance? The births? Can we strain credulity any further?

When I first read INFIDELITY FOR FIRST-TIME FATHERS, I laughed. I fully admit I laughed. But I'm not laughing now.

Misses the mark.......2003-04-19

Mark Barrowcliffe has created the perfect anti-hero: a cheating man who faces the ultimate dilemma: two women -- his fiancee and his mistress -- are pregnant at the same time. What will Stewart do? Infidelity for First-Time Fathers is a dark and ironic novel about a man's struggle to do the right thing. However, this novel has missed the mark. The theme isn't the problem -- though I am sure that readers, especially the female ones, might find the plot somewhat problematic -- the problem is that the male protagonist seeks sympathy in the appalling situation. I was expecting a dark, tell-like-it-is tale of an unfaithful man. Instead, I found the aforementioned character childish and whiny. However, all is not lost in the story. Cat Grey, for example, is an original and fresh character. She isn't the ... typical "other woman," which I find refreshing. Other than that, the novel fails to deliver the dark situations that I had expected. A true disappointment...

Misses the mark.......2003-04-19

Mark Barrowcliffe has created the perfect anti-hero: a cheating man who faces the ultimate dilemma: two women -- his fiancee and his mistress -- are pregnant at the same time. What will Stewart do? Infidelity for First-Time Fathers is a dark and ironic novel about a man's struggle to do the right thing. However, this novel has missed the mark. The theme isn't the problem -- though I am sure that readers, especially the female ones, might find the plot somewhat problematic -- the problem is that the male protagonist seeks sympathy in the appalling situation. I was expecting a dark, tell-like-it-is tale of an unfaithful man. Instead, I found the aforementioned character childish and whiny. However, all is not lost in the story. Cat Grey, for example, is an original and fresh character. She isn't the stereotypical "other woman," which I find refreshing. Other than that, the novel fails to deliver the dark situations that I had expected. A true disappointment...

Great Second Effort.......2002-11-06

This is the author's second novel. Like the first, Girlfriend 44, it is a contemporary comedic novel with plenty of drole asides in the style of Nick Hornby, PG Wodehouse, and columnist-author Dave Barry. Stewart Dagman, a mid-thirtyish management consultant, has to choose between duty to his pregnant fiancee and housemate for the past ten years, Andrea, with whom he shares a comfortable and familiar, if not exciting life, and Cat his exhilarating new paramour, with whom he is falling in love. There are tons of interesting complications, all plotted skilfully --- this is actually a page-turner ---- and throughout there are endless wickedly funny takes on contemporary London life that made the first novel so engaging. I had a little trouble with some of the London slang and place references, but no great distraction. I have to say I enjoyed it thoroughly. Three strangers approached me on a plane trip to ask about the book that was making me laugh to myself like a psychotic. All three were sufficiently interested to look past the somewhat off-putting (for American tastes) title to record the ordering info. I look forward to the next with impatient enthusiasm.

Hilarious. But very, very wrong........2002-06-02

If I hadn't already read Girlfriend 44 by the same author while in Scotland, I might have been turned off by the title of the book (although it does get your attention). However, the sinister premise is a set-up for an avalanche of conflict and wild situations described by hilarious banter from the main character. He is not really a bad guy, he just does a bad thing and suffers throughout the book for it. The result is a wild, off-the-wall second novel, a more fast-paced and direct improvement over Girlfriend 44, which I also enjoyed. It was amazing to me that Barrowcliffe resolved the main character's messes so cleanly in the end! I am looking forward to his next.

Average customer rating:

Infidelity for First-Time Fathers
Mark Barrowcliffe
Manufacturer: St. Martin's Press
ProductGroup: Book
Binding: Paperback
ASIN: B000OT9ZPI

Average customer rating:

Infidelity for First-Time Fathers
Mark Barrowcliffe
Manufacturer: St. Martin's Griffin
ProductGroup: Book
Binding: Paperback
ASIN: B000OTMPVO

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