Day Trading (Joe Ross)

Trader's Library #38 · Trading methods and craft. A classic of day trading futures.

Author: Joe Ross · Original: Day Trading · Year: 1993 · Usefulness for traders: ★★★☆☆

What it's about

A classic handbook of day trading in the futures market. Ross describes patterns (including the famous Ross Hook), intraday position management and the psychology of the intraday trader.

What it gives a trader

One of the first books written for intraday futures traders. The most valuable chapters are those on position management and transaction costs, and the remarks that in day trading you need to know when not to trade.

Lessons for traders

• day trading needs a plan for every phase of the day
• not trading is also a decision
• transaction costs eat small edges

What to watch out for

The 1990s pit market was different from today's electronic one. The patterns are worth checking on recent data.

Discussion

The discussion takes place in Hetman Capital Club (in Polish). Join the discussion in the Club →

Navigation

← #037 The Universal Principles of Successful Trading (Brent Penfold) · Library index · #039 Zenon Komar: The Art of Speculation and Others (in Polish) →

Educational content, not investment advice. The book description is my own summary and assessment, not quotations. Edition details were checked in catalogues and bookshops, and where there was doubt I said so plainly.