| Book by Category | |  | Web Marketing | Home » » » The Day Trader: From the Pit to the PC | | | | | | | Description: | | Praise for The Day Trader "A legendary S&P floor trader has written a powerful, brutally honest chronicle of his determined rise to the top of his profession. Touching and insightful, this riveting account is one of the best trading memoirs ever."–—NELSON FREEBURG, PUBLISHER, FORMULA RESEARCH "The Day Trader provides a rare look into the events that shaped the extraordinary character of one of the most unique people to ever put on a trading jacket . . . it comes as no surprise that Borsellino places himself at the center of the maelstrom surrounding electronic trading versus open outcry and provides a truly balanced, intelligent, and unemotional view of the momentous transformation occurring in the financial markets. It is imperative that anyone involved in trading the markets–—either traditionally or electronically–—read this story and benefit from the insights of one of the great traders of our lifetime."–—MARIO ALBERICO, FORMER SENIOR VICE PRESIDENT, ELECTRONIC TRADING, CHICAGO MERCANTILE EXCHANGE "The Day Trader is must reading for anyone in the market. Lewis Borsellino is an Italian American hero who climbed the mountain with guts and honor. The neighborhood kid will always remember where he came from."–—DOMINIC DI FRISCO, PRESIDENT EMERITUS, JOINT CIVIC COMMITTEE OF ITALIAN AMERICANS | | | Features: | |
• ISBN13: 9780471401612
• Condition: USED - VERY GOOD
• Notes:
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| | | Product Details: | | | Author:
| Lewis Borsellino | | Paperback:
| 256 pages | | Publisher:
| Wiley | | Publication Date:
| January 22, 2001 | | Language:
| English | | ISBN:
| 0471401617 | | Package Length:
| 8.98 inches | | Package Width:
| 5.75 inches | | Package Height:
| 0.71 inches | | Package Weight:
| 0.84 pounds | | Average Customer Rating:
|  based on 57 reviews |
| | | | Customer Reviews: | |
Average Customer Review:
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1 of 1 found the following review helpful:
 A horrible readFeb 11, 2009
I'm not really the type of trader who would look to this guy for trading tips, so the fact that this book was not about trading did not bother me. I don't really consider "traders" who trade in the pits as actual traders. They have almost no commissions and they can buy at the bid and sell at the ask. If you assume that the true price of a security is in the middle of the bid/ask, then the "Trader" is automatically given an edge by simply buying and selling since they are getting a better than market price. Theoretically a monkey should be able to make a lot of money if they make enough random trades.
So it wasn't really for trading advice that I read this book. It was more for the psychology and the macro tips of trading. There was none of it in this book. In fact I can summarize this entire book in 5 lines:
1) I'm a great fighter and I can beat up a lot of people.
2) My dad was awesome, he would beat up everyone and he was a thief and went to jail, but it wasn't his fault and he is a great man.
3) I am very rich and the greatest trader on the planet. Only my fighting skills trump my trading skills.
4) Do not move the exchanges to electronic exchanges. I'll give you many nonsense reasons but the real reason is that i and my other trader friends would never make a dime trading unless i had the advantageous of trading in the pit. We make a lot of money off of people and this would be taken away via a fair electronic exchange.
5) I get in a lot of fights and beat up people a lot. My dads beats up everyone too. I'm not saying fighting is great and all, but I just think i'm awesome for fighting a lot. Oh yeah, this is the second time i'm mentioning fighting but that's just cause it's really awesome and i'm incredibly cool for fighting.
3 of 4 found the following review helpful:
 Not a book for people looking for trading educationJan 23, 2004
I guess I'm spoiled by Martin Schwartz's excellent book Pit Bull. I was expecting a trader's autobiography something along the same line with The Day Trader, but what I got was the first 130 pages of Borsellino talking about what a tough guy he is and about his mafioso father. After that he dips into a high-level discussion of the changes to the commodities and NASDAQ exchanges over the years. There is virtually no mention of trading technique or psychology, outside of the constant tough guy braggadocio, which is pretty sad to hear from a 40-year-old guy. And definitely don't buy it if you're looking for trading advice or techniques. There is none to be found. If you want a nice biographical read about a trader, read Pit Bull or Reminiscences of a Stock Operator instead. Borsellino simply doesn't write well enough to keep this one interesting. The story wanders around too much and is too repetitious.
1 of 1 found the following review helpful:
 Excellent BookMay 12, 2003
The book is not a tech how to book but in all fairness the auther doesn't claim it as one. This book is more of an autobiography and in that category it is a 5. The auther brags about himself at times but anyone who is that successful has a right too. Excellent read well worth the time!
3 of 3 found the following review helpful:
Not a trading book, but not too boring a storyJul 25, 2002
Dont know whether I had not expected much from this book or what,(I had read through many negative reviews here on Amazon that I know this is not the type of tool book nor sheer biography that one might expect), it is not so boring to me. However, in a trader reader perspective, it is at least 2,000 pips (in yen/$ term, the range in 2002) below the quality level of "Reminiscences of a stock operator" and "Pit Bull". So unless you had no other book in your mind that you wanna read or you are a contrarian, I strongly recommend you to spend your valuable time on other ones, like those I mentioned above, or scan through the Amazon database for better alternatives.
1 of 4 found the following review helpful:
Has nothing for a Day-traderJul 08, 2001
It is auto-biographical and has not improved my knowledge about day-trading one bit. It is more egotistical that knowledgeable. I consider it a waste of my money.
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