Jake Bernstein: The Compleat Day Trader and Cycles of Profit

Trader's Library #49 · Technical analysis. Day trading and cycles from a 1990s futures trader.

Author: Jake Bernstein · Original: The Compleat Day Trader; Cycles of Profit · Year: 1995 · Usefulness for traders: ★★☆☆☆

What it's about

Two books by an American futures trader and prolific author: a handbook of day trading futures and a book on cycles and seasonality in markets.

What it gives a trader

The first contains practical notes on the specifics of trading within a single session; the second teaches you to look at the market through cycles and recurring periods. Both need verifying on current data.

Lessons for traders

• seasonality and cycles are tendencies, not certainties
• day trading requires strict rules for every session
• every pattern has to be checked on recent data

What to watch out for

Many 1990s methods are outdated today, and seasonality has to be checked on current data.

Discussion

The discussion takes place in Hetman Capital Club (in Polish). Join the discussion in the Club →

Navigation

← #048 Elliott Waves and Fibonacci: Frost, Prechter, DiNapoli, Fischer, Miner · Library index · #050 Fooled by Randomness (Nassim Nicholas Taleb) →

Educational content, not investment advice. The book description is my own summary and assessment, not quotations. Edition details were checked in catalogues and bookshops, and where there was doubt I said so plainly.