Summary of The New Electronic Traders

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The New Electronic Traders book summary
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Rating

7 Overall

8 Applicability

7 Innovation

6 Style

Recommendation

As Jonathan R. Aspatore is quick to point out, the traders referred to in the title of his book are not the millions of people trading stocks online through Schwab and E*Trade. Instead, they are a more sophisticated bunch with arsenals of DSL lines and Nasdaq Level 2 screens. Does that mean they are more successful than their counterparts on the World Wide Web? Aspatore says they are. He offers more than a dozen question-and-answer sessions with upbeat electronic traders who are jazzed by their own success. Not answered is this: If electronic traders have a competitive advantage over online traders due to better technology and information, what kind of an advantage do Wall Street trading houses have over individual electronic traders? getAbstract recommends this book to prospective day traders as a source for plenty of useful trading insights, but with this advice: Seek a cautionary note somewhere else.

In this summary, you will learn

  • Why electronic trading has become a legitimate profession;
  • How to develop a successful trading strategy; and
  • How electronic trading differs from online trading.
 

About the Author

Jonathan R. Aspatore started EPS Business Partners, which helps companies analyze and execute new ventures, in 1997. He also worked as an investment banker in the technology sector. Aspatore has written books about entrepreneurship and other topics.

 

Summary

Successful Day Traders Have Their Say
Technology has changed life for traders. The Wall Street establishment once conspired to withhold information and the ability to trade from the average investor. Now, however, technology has leveled the playing field for small investors to an unprecedented...

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