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The Guts and Glory of Day Trading

True stories of day traders who made (or lost) $1,000,000

By Mark Ingebretsen

Paperback £19.99 / $29.99
eBook £17.99 / $21.99
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The Guts and Glory of Day Trading

True stories of day traders who made (or lost) $1,000,000

By Mark Ingebretsen

Jacket text

A rediscovered trading classic

Very few day traders make money – let alone $1 million or more – in the daily stock-trading battle. ‘The Guts and Glory of Day Trading’ tells the true stories of twelve otherwise ordinary people who have made or lost at least $1 million trading stocks. Their triumphant and tragic tales pull back the curtain from the gritty world of day trading to give a rare glimpse of the human emotion, the lives transformed, and the lessons learned, aside from the hype.

Day traders aren’t only market gurus and stock brokers, but regular people – classical pianists, burned-out photographers, moonlighting business consultants – who decided to pursue an exciting and treacherous phenomenon to achieve independent success and wealth beyond their wildest dreams. Their stories will inspire you, and – more importantly – show how you can improve your own trading strategies by learning from their successes and avoiding their mistakes.

Every battle has its winners and losers. Every day, thousands of day traders take their battle positions in front of their computers to go head-to-head against the world’s best, and most powerful, trading institutions. There are casualties, many casualties. But there are also victories – moments when an individual trader reaches the pinnacle of our capitalist system to take a profit.

Making money isn’t easy – with a 75 to 90% failure rate, only the strong survive, and only the most savvy live to trade another day. But despite the negative press, a wildly unpredictable market, and the possibility of losing their shirts on any given trading day, these market mercenaries continue to trade, and day trading continues to grow as a profession. What drives them? In ‘The Guts and Glory of Day Trading’, you’ll read the astounding stories of those traders who have been skilled enough to make significant money, and the gut-wrenching dramas of those who were unfortunate to lose vast fortunes.

Their stories and strategies will keep you on the edge of your seat. These valuable lessons from this trading dozen tell more than just the pits and peaks of stock trading. They teach the survival skills and tactics necessary to live to trade another day. You can learn how to improve your own trading techniques by learning what most of them did right – and what some of them did wrong.

About the author

A veteran financial journalist, Mark Ingebretsen is a former blogger for James Cramers and the Online Wall Street Journal. As editor at large for Online Investor magazine, he extensively covered the individual-investor revolution and why the Internet boom turned parabolic before going bust.

Hes also extensively familiar with the latest tech trends, having been a long-time contributing writer and editor for IEEE publications, a public information officer with a U.S. Dept. of Energy National Lab, the editor of a robotics industry website, and most recently a contributor to Space Quarterly, a recently launched magazine covering entrepreneurial outer-space development.

Ingebretsens book, Nasdaq: A history of the market that changed the world, is on Harvard Business Schools recommended reading list for executives, and his previous book, profiling successful investors, The Guts and Glory of Day Trading (Harriman House), has been published in the U.S., Europe, and was recently translated into Simplified Chinese for distribution in that nation.

His forthcoming book is The New Rules of Tech Investing.


“A critical insight that emerges from the book is that, as the author says, ‘an average intelligent person can indeed succeed at trading’. By the end, you’ll be be persuaded of this too – and much better armed to be one of them.”

– Traders Magazine

Previous praise:

“An excellent successor to Jack Schwager’s ‘Market Wizards’. I highly recommend it to anyone serious about trading and investing.”

– Zhiwu Chen, Professor of Finance, Yale University School of Management

“Mark Ingebretsen subtly debunks the worst day-trading stereotypes. The stories offer real-life lessons that any trader can profit from.”

– Jamie Heller, Editor-at-large,

“Invaluable reading for anyone who considers making money in the stock market a priority.”

– Kris Skrinak, General Manager,

Media coverage

From Traders' Magazine:

As well Arabian revolution and cats that look like Hitler, the internet has given birth to widespread day trading. It?s come in two phases. Firstly, thanks to zippy 56k net connections, traders in the ?90s and early 2000s were able for the first time to buy and sell shares as many times a day as… Read more »

Read More…


The Exchange Book Club – Book Review- Exchange Magazine5th October 2011

Read More…


Preface, 2010

1. Introduction: Renegades in Cyberspace

2. How to Grow $20,000 into $1,000,000 in One 'Horrible' Year
Teresa Lo: The Intelligent Speculator

3. Trading Microtrends
Brendan DeLamielleure: The Tactician

4. Those Who Forget the Past...
Terry Bruce: Gap Trader

5. Trading As a Quest for Knowledge
Oliver Velez: The Teacher

6. On-the-Edge Trading
Barbara Hamilton: Momentum Trader

7. Pennies from Heaven
Chris Farrell: The Scalper

8. Betting It All
Mary Pugh: The Quintissential Contrarian

9. Profiting from Good Markets and Bad
Scott Slutsky: Rider of the Storm

10. When the Market Turns Mean, Turn to Your Friends
Dave Gordon: The Trench Rat

11. Secrets of a Techno-Fundamentalist
Barbara Simon: The Earnings Player

12. Long-Term Holds and Covered Calls
Bob Martin: The Gorilla Hunte

13. If I Only Had a Brain
Scott McCormick: The AI Guy

14. Conclusion: A Master List of Trading Rules

Appendix: Money for Nothing and the Quotes are Free
Understanding the basics of day trading


Published: 12/07/2010
Edition: Reprint
Pages: 224
Formats: paperback - ISBN 9781906659714
ebook - ISBN 9780857191489
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