Strategies for the Electronic Futures Trader

5 Responses to “Strategies for the Electronic Futures Trader”

JD Schaefer says:
July 29th, 2010 12:30 am

This book looks just like a compilation of the “author’s” position trading books but with editing to put in the words “day trading” where “position trading” used to be. There’s no other difference. The only potentially useful info to a newbie was about monitoring the first 30 minutes to try to determine the direction of the day. However, everyone has been doing that for years and most websites suggest it, without charging. Who doesn’t know what an oscillator divergence is? That’s not a system and while a valid indicator for some trading styles, is certainly not unique to day trading. Mr. Bernstein was reportedly run off tv with his infomercials that made claims the government stated he couldn’t back up. Put his name in a search engine to see what others say about him. If you want to get your money’s worth, read whatever Larry Williams’ latest book is. He’ll show you his brokerage records, Mr. Bernstein won’t. ‘Nuff said.
Rating: 1 / 5
Steve Pogwizd says:
July 29th, 2010 1:58 am

After trading the commodity markets for 9 years it was once again an enlighting experience to both review solid discipline trading rules along with new and more importantly, proven trading strategies from Mr. Bernstein. He finds a way to combine the information in his books to be valuable to both a novice or a veteran trader.
Rating: 5 / 5
Anonymous says:
July 29th, 2010 2:20 am

This is my first exposure to a Jake Bernstein book and I’ve read many mixed things about him. Well, after reading most of this book .. I’m glad i now have my own opinions.
This book appears to be written for a total beginner futures trader lemming, just waiting to blow out their account. There is absolutely no substance in this book, nothing to be learned and filled with verbose junk about indicators, patterns and psychology — typical in most books. Jake provides numerous so called “backtests” of various indicator settings with variable moving averages. Every single system has different settings – which is such an obvious sign of curve fitting. The only thing I saw of some value was the 3 period high and low moving averages to serve as channels of support and resistance .. which a trader may be able to modify into something usable, since Jake’s version is taught improperly.
I checked this book out from the library and I still feel I got ripped off .. and it was free.
Rating: 1 / 5
New Trader says:
July 29th, 2010 4:11 am

Jake Bernstein’s, Strategies For The Electronic Futures Trader, is an outstanding description of 9 proven trading systems. Each system is explained in depth and in easy to understand terms. Most importantly, Jake provides the results of these proven systems. The timeliest chapter in the entire book is the chapter on how to capitalize on market volatility. Could it be any timelier? If your considering trading futures or you trade now, this book belongs in your library and the strategies should be programmed on your computer.
Rating: 5 / 5
Anonymous says:
July 29th, 2010 4:19 am

I found this book extremely helpful in making the transition from position trading to day trading. The book’s focus is expressed in the title. Day Trading. Light on theory, anecdotal diversions, and the popular interview approach, this book is heavy on practical, simple, robust and effective strategies that work. Simple straight-forward rules for each strategy are included, which eliminates the guesswork of implementation. And as a trained clinical psychologist with over 30 years trading experience, Mr. Bernstein is uniquely qualified to address the all important aspect of trader psychology. A must read, in the genre of Joe Ross, for the serious student & intermediate trader. A relevant, succinct yet comprehensive book on day trading. For the beginning day trader, buy & read this book first. Doing so will save time & money.
Rating: 5 / 5

Feel free to leave a reply...