The Market Maker's Edge: Day Trading Tactics From a Wall Street Insider

by Joshua Lukeman

"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“Suprisingly a good book written by a Wall Street market maker. There is a lot of insightful information for stock traders. As an insider, Lukeman is fully aware of the tricks a market maker plays. There is good information that every trader can learn to avoid costly mistakes.”--Traders Laboratory“Regardless of whether you are a scalper, swing trader, or even a buy-and-hold investor, The Market Maker's Edge is your key to foreseeing, understanding, and profiting from the little-known but effective trading tactics and methods of the competitiontoday's top market makers. It will help you dramatically increase your risk/reward ratio, time your trades with the skill and experience of battle-hardened market makers, and gain a one-of-a-kind, valuable perspective for making money in today's fast-moving, unforgiving markets.”--ActionForexActive 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.Josh Lukeman has worked at Morgan Stanley, where he was a Nasdaq market maker, concentrating on technology stocks, and an index option trader. He has been featured on Bloomberg radio, and other national media.

Genres: Finance

320 pages, Kindle Edition

First published July 7, 2012

Reviews

[Eduardo Trejos · Rating 5 out of 5]

I have read a bunch of trading/financial books, but this book is by far the best trading book I have ever read -Wizards and Reminiscence aside-
As an instructional book is fantastic, concise, clear and detailed. The book however is not a how to trade, or use my set up and make a million dollar training book. This is a serious book written a by a real trader....That should be important to consider since most trading books are written by guys making a living selling self-publish trading books....
The book teaches you about risk. First and foremost, you have a chapter in risk management. Then it goes through some technical explanations, and awesome fundamentals cheat sheet. But just the chapter on psychology is worth the investment.
Only thing I would change is the charts... the quality is poor in the digital version I got.

[Ricardo Crawford · Rating 5 out of 5]

Buy the book

"Many of the greatest traders started out by losing all they had." Find what works and do it over and over again.

[Kim · Rating 2 out of 5]

This is not how I'd start learning the stock market but it's good if you already have somewhat of a foothold and know a bit of what's going on. 2 Stars - It's ok.