When it comes to day trading the stock market, there are very few good books out there that can truly guide you in the right way to trade.  For the few good books that do exist, they generally focus on chart patterns and psychology, which is still only part of the equation.  When trading the markets, having the most information is ALWAYS of the UTMOST importance, and KNOWING HOW TO USE THAT INFORMATION, is the TRUE GOLD!  That is the power of the Nasdaq Level II Quote System, which actually shows you where the individual market makers are looking to buy and sell a particular stock.  You can see which market makers really want to buy or sell, or if they are merely providing the appearance thereof.  Although a few books have touched upon Nasdaq Level II, they have been basic and mediocre at best.

“The Underground Level 2 Daytraders Handbook” is the first book I have seen that discusses Nasdaq Level II trading and strategies that can ACTUALLY HELP A TRADER BECOME SUCCESSFUL!  The book provides detailed discussions about the stock market, day trading, why people lose, how to win, and presents viable trading strategies that can be used as is, or utilized as a foundation for building even more advanced trading strategies utilizing the Nasdaq Level II market maker screens as a foundation.  You are taught such important techniques as how to spot the lead Market Makers (the ‘Ax’) and how to play them.  Also discussed is how to determine when the Ax is fading (going against) the trend, as well as many other valuable day trading tricks to help provide you an edge when day trading by analyzing Market Maker movement.  You are also taught how to trade like a sniper—to surgically, precisely, and tactfully take slices out of the markets, as well as how to identify which stocks will have the best probability for opportunity.

Also available is a “Home Study Package”, which is designed as an interactive World Wide Web session, and provides many in-depth trading examples that can help you understand the thought process associated with successful Nasdaq Level II trading, and also provides answers to many other questions that one may have regarding actively day trading the stock market.

For those ready for the next step, you can subscribe to “The Underground Trading Pit”, which is a full blown real-time, cutting edge, chat room and Java trading desk hosted by the author of the book.  You will not only be presented with the best opportunities identified throughout the day by the author, who is a professional Nasdaq Level II day trader, but you will also be able to directly observe his insights and thought process as to how he determines which opportunities have the highest probability of success with the least amount of risk.

For anyone who is sincerely interested in successfully day trading the stock market, possibly with the goal of day trading as a full-time career, nothing else published comes close to what you will learn from the “The Underground Level 2 Daytraders” series.

Product: “The Underground Level 2 Daytraders Handbook”, $90, “Home Study Package”, $750 (also includes 30-day trial of Underground Daytrading Service)

[Please note that the Home Study Package is no longer available.  For more information, please see http://www.undergroundtrader.com/hbook.html]

 

http://www.undergroundtrader.com