The Market Maker's Edge: A Wall Street Insider Reveals How to: Time Entry and Exit Points for Minimum Risk, Maximum Profit; Combine Fundamental and ... Trading Environment Every Day, Every Trade
The Market Maker's Edge: A Wall Street Insider Reveals How to: Time Entry and Exit Points for Minimum Risk, Maximum Profit; Combine Fundamental and ... Trading Environment Every Day, Every Trade book cover

The Market Maker's Edge: A Wall Street Insider Reveals How to: Time Entry and Exit Points for Minimum Risk, Maximum Profit; Combine Fundamental and ... Trading Environment Every Day, Every Trade

Paperback – March 17, 2003

Price
$24.45
Format
Paperback
Pages
224
Publisher
McGraw Hill
Publication Date
ISBN-13
978-0071412742
Dimensions
5.5 x 0.85 x 8.9 inches
Weight
13.9 ounces

Description

From the Publisher Josh Lukeman is an active short-term trader at Morgan Stanley, where he also produces a daily technology sector bulletin for fellow traders. A Market Maker Reveals How He: Times Entry and Exit Points for Minimum Risk, Maximum Profit Times Entry and Exit Points for Minimum Risk, Maximum Profit Combines Fundamental and Technical Analysis Combines Fundamental and Technical Analysis Controls His Environment Every Day, with Every Trade! Hundreds of books, written from the buy-side viewpoint of the successful trader, promise day trading success. The Market Maker's Edge is the first book to turn the tables, working from the sell side to explain how the market maker routinely maintains the upper hand, seizing profits while controlling risk in today's volatile marketplace. Written by a Josh Lukeman--a Morgan Stanley Dean Witter market maker who has honed his skills for years--The Market Maker's Edge reveals: 4 signals for spotting--and profiting from--a developing trend Important risk control concepts every trader must know to protect against losses Advanced trading strategies based on recurring technical patterns Today's top market makers operate in intensely competitive atmosphere, with millions of dollars at stake. The Market Maker's Edge is today's only trading book written from inside the market maker's domain. Use it to open the door, and shed light on the trading tactics used by Wall Street's most powerful market making institutions. Controls His Environment Every Day, with Every Trade! Hundreds of books, written from the buy-side viewpoint of the successful trader, promise day trading success. The Market Maker's Edge is the first book to turn the tables, working from the sell side to explain how the market maker routinely maintains the upper hand, seizing profits while controlling risk in today's volatile marketplace. Written by a Josh Lukeman--a Morgan Stanley Dean Witter market maker who has honed his skills for years-- The Market Maker's Edge reveals: 4 signals for spotting--and profiting from--a developing trend 4 signals for spotting--and profiting from--a developing trend Important risk control concepts every trader must know to protect against losses Important risk control concepts every trader must know to protect against losses Advanced trading strategies based on recurring technical patterns Today's top market makers operate in intensely competitive atmosphere, with millions of dollars at stake. The Market Maker's Edge is today's only trading book written from inside the market maker's domain. Use it to open the door, and shed light on the trading tactics used by Wall Street's most powerful market making institutions. Advanced trading strategies based on recurring technical patterns Today's top market makers operate in intensely competitive atmosphere, with millions of dollars at stake. The Market Maker's Edge is today's only trading book written from inside the market maker's domain. Use it to open the door, and shed light on the trading tactics used by Wall Street's most powerful market making institutions. Josh Lukeman is an active short-term trader at Morgan Stanley, where he also produces a daily technology sector bulletin for fellow traders. Read more

Features & Highlights

  • "This book will let you see the little-known but effective trading tactics and methods of today's top market makers."--
  • Technical Analysis of Stocks and Commodities
  • Active traders must get inside the head of the all-important market maker--"The Ax"--before they can begin to truly compete.
  • The Market Maker's Edge
  • , written by longtime ax Josh Lukeman, is the first inside look at how axes think, what they look for, and, most important, how they can be beat.

Customer Reviews

Rating Breakdown

★★★★★
30%
(78)
★★★★
25%
(65)
★★★
15%
(39)
★★
7%
(18)
23%
(61)

Most Helpful Reviews

✓ Verified Purchase

Title is Misleading.

After reading the book, I still do not know the "edge." All it talks about is the usual nonsense about moving averages, oscillators, etc. which one can find free online.
9 people found this helpful
✓ Verified Purchase

Very good

This book does an above average job of covering various aspects of trading. Short of perfection, as if there is such a book, it does cover basically all aspects of trading. If I were looking to get into trading or investigating how to start this is where I would begin. I don't think that it's anything new for most accomplished or experienced traders but they would still learn something new from it.
2 people found this helpful
✓ Verified Purchase

Required reading in my opinion.

This was the 30th book on the markets and trading that I read. I'll admit I quit trading several times. But, I find this book is way better than the books I read years ago because it has specific ideas on how to trade. I loved the section on gaps and the great ideas like what he calls up-hooks and reverse hooks. I believe this book kind of screwed my head on straight for trading. But, I'm still in a period where I wanted to read for several months before I start actively trading again.

I should note however, that I did a weirdly good trade right after reading the book. I believe this was the first time I made an amazing trade. I shorted a stock close to $29 and exited two days later when the stock was around $24. (Actually, I had bought a put option for $0.80 and sold it for $2.15.)
1 people found this helpful
✓ Verified Purchase

exceptional book...tells things as it is

As a professional trader and someone who has learned from the school of hard knocks as well as someone who has been trained through On-line Trading Academy ([...] I can not speak well enough about how this book broke down trading to it's core essentials. The key in trading is risk management, controlling your emotions and understanding how the market functions (i.e, price action, supply & demand, trends, support & resistance, and all the other basic principles). This book is extremely well written and should be included in every trader's library. I highly recommend it as it will give you great return on your investment.

Best wishes and may all your trades be "green."
1 people found this helpful
✓ Verified Purchase

Great Book

This is a great book for the inside knowledge of the market. It is a great way to learn how to make profits in the market instead of giving money to the market.
1 people found this helpful
✓ Verified Purchase

Five Stars

EXCELLANT
✓ Verified Purchase

Worthwhile read, and apply

Excellent in depth information not readily found any place else.
Adds to every trader's background. Validates a lot of trading procedures we already use, and adds to the list
✓ Verified Purchase

All you need

If anyone thinks that by buying a book or joining a course they can learn to trade, they should stick with the day job. Most of these types of books are really snake oil salesmen, usually leading to further recommendations of Internet courses, trying to separate you from your hard-earned cash before you loose it trading. There is no secret potion or magic wand for making money in the FOREX or futures markets, nor is there any fool-proof indicator guaranteeing you riches, but this book may save you from loosing too much if you insist on proceeding. Sensible advice, no more, no less, at a reasonable price.
✓ Verified Purchase

standard reading

Excellent book. Covers many aspects of trading including risk management, technicals, what drives the market, and psychology. Whether you are just starting to trade or looking to further fine tune your techniques, this book is a very good read.