March 4, 1999
that anyone can trade stocks on the Internet, a hefty batch of "day
traders" are becoming a force to be reckoned with for seasoned traders.
Ray Johns of Daytraders.com and Marc Beauchamp, of North American Securities
Administrators Association, Inc., answer your questions.
Rahman of Bryan, TX asks:
What books do you suggest to read to understand the method of doing "day trading" on the Internet?
Johns of Daytraders.com responds:
As a matter of fact, we have a book list at our site on the Internet which outlines a number of excellent books, both on trading as well as investing. The list can be found by pointing your browser to the following Web page:
Beauchamp, of North American Securities Administrators Association,
Check with Amazon.com or look at Business Week's list of best-sellers. Be very skeptical of claims, implied or otherwise, that day trading is a short cut to Easy Street. It is not. It is a risky, stressful and demanding full-time job. Only a very few people prove to be good at it.