09-14-2006, 11:25 AM
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Status: Super Moderator Join Date: Aug 2006 Location: Tokyo Thanks: 545
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| The Market Maker's Edge by Josh Lukeman
Suprisingly a good book written by a Wall Street market maker. There is alot of insightful information for stock traders. As an insider, Lukeman is fully aware of the tricks market maker plays. There is good information that every trader can learn and avoid costly mistakes.
Lukeman also writes about simply trading strategies such as using the 8 MA. What is amazing about his strategies are that they are simple yet effective. Trading is all about K.I.S.S. Keep it simple stupid!
His section on the importance of the closing price is worth the price alone. Take a look at this thread: The Importance of the Closing Price
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