Michael Parness an expert in day trading has authored several books such as Trend Trading to Win, How I turned $33,000 in to $7 Million in Fifteen Months-and Here's How You Can Too, Rule The Freaking Markets:

How to Profit in Any Market and others. His book Trend Trading To Win is very famous.

I bought this book for $224.75 to find that it contains plenty of stories and option but very little facts. Michael Parness had tough times in his early stages of life. He rose from living on the streets of New York to own a sports memorabilia company called Waxman.

Michael Parness lost his wealth in the stock market listening to the advices of a stock broker. It was then he decided to learn and understand the basics of stock market and make good profits from day trading of stocks.

Michael Parness discuss in detail about day trading in his book "Trend Trading to Win". He not only tells about the huge profits you can make out of day trading but also reveals how risky it is if you don’t get the basics right.

Michael Parness stresses more on market psychology than on technical factors. He feels market movements normally follow the trend and market psychology. Though he doesn’t give more importance to technical factors he stresses on the bottom line – Profit.

He conducts a trend trading program for a monthly fee of  $400. If you are interested in following his techniques and making a profit this way, I would suggest you do mock trading using paper for first the few days to make sure you are making money.

If you are confident then start investing into the stock market. This way you are minimizing your risk with day trading because you understand it. Michael Parness makes good money by selling his books and his market information.

I feel it is very risky to plunge into day trading by taking just psychological trend into consideration. It is really very difficult to predict stock market movement. Even experts with good experience have made miscalculations.

If you are already experienced in day trading and looking out for different ways of predicting the market then I would recommend his book, it is good for an additional view. Otherwise it is not a good guide to learn about day trading.

Best Wishes,

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