The Truth About Day Trading Stocks

2009-07-08

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Author: Josh DiPietro
Publisher: John Wiley & Sons
ISBN: 0470448482
Category : Business & Economics
Languages : en
Pages : 213

The Truth About Day Trading Stocks A realistic guide to day trading today's stock market In terms of the potential for heavy financial losses, day trading is a high-risk profession. No one should contemplate day trading without giving thought to the ways he can lose, and all the ways to lessen or avoid them. Yet many people enter the game with unrealistic expectations, unaware of what it takes to succeed. Seminars and software alone do not make a successful day trader, cautions author Josh DiPietro. Instead, a trader must learn hard lessons of self-discipline, consistency, and staying in the game for the long haul to have a real chance of success. In The Truth About Day Trading Stocks, DiPietro offers the amateur day trader a brutally honest look at the pitfalls of day trading—and how to hopefully avoid them. Written in an engaging and sometimes humorous tone, The Truth About Day Trading Stocks draws on the author's own experiences as a day trader to offer a clear-cut departure from typical "golden goose" strategies promising instant wealth. Instead, he attempts to slow down the dangerous fervor of the average amateur and demonstrate the ways you can become a professional and not lose your shirt in the process. The Truth About Day Trading Stocks shows how trading decisions are bent and shaped by emotions, and why it is critical to know yourself, understand risk, and remember that increasing your skill level is a gradual, ongoing process—there's always more to learn! After dispensing with popular illusions, DiPietro proceeds to offer realistic, practical trading advice—comparing pay-per-trade with pay-per-share brokers, determining which works best and when, offering suggestions on how to avoid the prospect of perfect trades turning ugly, and more. At the end of the book, he also includes a section called "Rules to Remember," a list of over eighty rules, simply stated and easy to grasp, to benefit amateurs' performance. Throughout the book, the author describes his development of acute self-awareness while figuring out how to succeed. Through that blunt self-portrayal, the goal of The Truth About Day Trading Stocks is to help you create a disciplined mind-set and apply it to your own successful trading style.

The Truth About Day Trading Stocks

2009-05-27

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Author: Josh DiPietro
Publisher: John Wiley & Sons
ISBN: 0470495855
Category : Business & Economics
Languages : en
Pages : 213

The Truth About Day Trading Stocks A realistic guide to day trading today's stock market In terms of the potential for heavy financial losses, day trading is a high-risk profession. No one should contemplate day trading without giving thought to the ways he can lose, and all the ways to lessen or avoid them. Yet many people enter the game with unrealistic expectations, unaware of what it takes to succeed. Seminars and software alone do not make a successful day trader, cautions author Josh DiPietro. Instead, a trader must learn hard lessons of self-discipline, consistency, and staying in the game for the long haul to have a real chance of success. In The Truth About Day Trading Stocks, DiPietro offers the amateur day trader a brutally honest look at the pitfalls of day trading and how to hopefully avoid them. Written in an engaging and sometimes humorous tone, The Truth About Day Trading Stocks draws on the author's own experiences as a day trader to offer a clear-cut departure from typical "golden goose" strategies promising instant wealth. Instead, he attempts to slow down the dangerous fervor of the average amateur and demonstrate the ways you can become a professional and not lose your shirt in the process. The Truth About Day Trading Stocks shows how trading decisions are bent and shaped by emotions, and why it is critical to know yourself, understand risk, and remember that increasing your skill level is a gradual, ongoing process there's always more to learn! After dispensing with popular illusions, DiPietro proceeds to offer realistic, practical trading advice comparing pay-per-trade with pay-per-share brokers, determining which works best and when, offering suggestions on how to avoid the prospect of perfect trades turning ugly, and more. At the end of the book, he also includes a section called "Rules to Remember," a list of over eighty rules, simply stated and easy to grasp, to benefit amateurs' performance. Throughout the book, the author describes his development of acute self-awareness while figuring out how to succeed. Through that blunt self-portrayal, the goal of The Truth About Day Trading Stocks is to help you create a disciplined mind-set and apply it to your own successful trading style.

Trading for a Living

1993-03-22

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Author: Alexander Elder
Publisher: John Wiley & Sons
ISBN: 9780471592242
Category : Business & Economics
Languages : en
Pages : 308

Trading for a Living Successful trading is based on three M's: Mind, Method, and Money. Trading for a Living helps you master all of those three areas: * How to become a cool, calm, and collected trader * How to profit from reading the behavior of the market crowd * How to use a computer to find good trades * How to develop a powerful trading system * How to find the trades with the best odds of success * How to find entry and exit points, set stops, and take profits Trading for a Living helps you discipline your Mind, shows you the Methods for trading the markets, and shows you how to manage Money in your trading accounts so that no string of losses can kick you out of the game. To help you profit even more from the ideas in Trading for a Living, look for the companion volume--Study Guide for Trading for a Living. It asks over 200 multiple-choice questions, with answers and 11 rating scales for sharpening your trading skills. For example: Question Markets rise when * there are more buyers than sellers * buyers are more aggressive than sellers * sellers are afraid and demand a premium * more shares or contracts are bought than sold * I and II * II and III * II and IV * III and IV Answer B. II and III. Every change in price reflects what happens in the battle between bulls and bears. Markets rise when bulls feel more strongly than bears. They rally when buyers are confident and sellers demand a premium for participating in the game that is going against them. There is a buyer and a seller behind every transaction. The number of stocks or futures bought and sold is equal by definition.

The Brutal Reality of Day Trading for Beginners

2015-09-27

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Author: J.R. Calcaterra
Publisher: Createspace Independent Publishing Platform
ISBN:
Category : Business & Economics
Languages : en
Pages : 187

Trading is absolutely the most difficult challenge that you will undertake in your life and will test your emotions, patience and be more than you ever could be prepared for as a self-directed beginner trader. While trading is certainly easy once you know what to do, learning it and becoming successful at it can be long and brutally hard or slow and consistent, that part is up to you. The brutal truth is that there does not have to be failure to gain success if you have the right information from the very first day you start off learning this business. Unfortunately though, brand new investors and traders are given mostly the wrong information and taught to do things that in the real world of trading in live markets are not even realistic to do and can cause them to lose money right away. Some of the things you will read in The Brutal Reality of Day Trading for Beginners are harsh for sure however they are the truth in trading. The Brutal Reality of Day Trading for Beginners is designed to give the brand new self-directed beginner investor and trader a harsh reality check on trying to do this business and not having thought it through or having and working from a rule based plan. The basic information they need to get going and start making money right away in the financial markets is within this short book. Everything that is in this book must be done by all brand new investors and traders. All successful market participants have had to do everything that is discussed in this book, there are zero shortcuts and should you try to take one and not learn what The Brutal Reality of Day Trading for Beginners tells you, you will most assuredly lose some or all of your hard earned capital. The information The Brutal Reality of Day Trading for Beginners will help you to cut down your learning curve and put you on the fast track to making real income from the live financial markets right away if you can grasp the basic principles right away. There is no timetable set in stone on how long it should take to learn to do this business the right way from the first day, you don’t need to be in any hurry because the market is always going to be there waiting to pay you!

How to Day Trade

2015-10-29

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Author: Ross Cameron
Publisher: AuthorHouse
ISBN: 1504957733
Category : Business & Economics
Languages : en
Pages : 213

Success as a day trader will only come to 10 percent of those who try. It’s important to understand why most traders fail so that you can avoid those mistakes. The day traders who lose money in the market are losing because of a failure to either choose the right stocks, manage risk, and find proper entries or follow the rules of a proven strategy. In this book, I will teach you trading techniques that I personally use to profit from the market. Before diving into the trading strategies, we will first build your foundation for success as a trader by discussing the two most important skills you can possess. I like to say that a day trader is two things: a hunter of volatility and a manager of risk. I’ll explain how to find predictable volatility and how to manage your risk so you can make money and be right only 50 percent of the time. We turn the tables by putting the odds for success in your favor. By picking up this book, you show dedication to improve your trading. This by itself sets you apart from the majority of beginner traders.

Day Trading For Dummies

2019-03-07

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Author: Ann C. Logue
Publisher: John Wiley & Sons
ISBN: 1119554098
Category : Business & Economics
Languages : en
Pages : 463

Understand how day trading works—and get an action plan Due to the fluctuating economy, trade wars, and new tax laws, the risks and opportunities for day traders are changing. Now, more than ever, trading can be intimidating due to the different methods and strategies of traders on Wall Street. Day Trading For Dummies provides anyone interested in this quick-action trading with the information they need to get started and maintain their assets. From classic and renegade strategies to the nitty-gritty of daily trading practices, this book gives you the knowledge and confidence you'll need to keep a cool head, manage risk, and make decisions instantly as you buy and sell your positions. New trading products such as cryptocurrencies Updated information on SEC rules and regulations and tax laws Using options to manage risk and make money Expanded information on programming If you’re someone who needs to know a lot about day trading in a short amount of time, this is your place to start.

How to Day Trade: The Plain Truth

2023-11-24

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Author: Ross Cameron
Publisher: Warrior Trading
ISBN:
Category : Business & Economics
Languages : en
Pages : 189

How to Day Trade: The Plain Truth is a book of straight talk about what it really takes to become a day trader, and how to learn what you need to know. Do you think you know what day trading is really about? If so, where did you get your information? Social media is full of people claiming that they made a killing on a stock. Just as many people will warn you to stay away from day trading because they lost everything on some "sure thing" that went bad in a hurry. So what should you believe? How to Day Trade: The Plain Truth is the first book to talk candidly and in detail about how to become a day trader. It's written by me, Ross Cameron, the guy who turned $583 into more than $10 million. Though my results are not typical, they are fully verified and audited. I also have over one million subscribers who tune into my YouTube channel to watch me trade. They see both my winning trades and my losing ones. Yes, even I have days where I lose money. That's just the reality, and that's what I want to share with you. This book is unique among day trading books in three ways: First, it's written by someone with documented success from more than 20,000 trades. Sure there are lots of people on social media calling themselves "day traders" who will try to impress you with one amazing trade. Insider tip: You should only be impressed if they offer you an independently audited record of ALL their trades: the winning ones AND the losing ones. Second, of all the books for day traders, this one is unique: I clear away a lot of "head trash" that comes from social media, friends, and family who may have opinions but no real facts or deep experience with day trading. It addresses questions and opinions that most people have about day trading, like: "If it is possible to day trade profitably, why haven't the giant trading firms taken it over and monopolized it by this point?" "If it's possible for regular people to make consistent money by day trading, then why isn't everyone doing it?" "Day trading is gambling. Nothing more, nothing less." "What role does luck have in day trading?" "I have a hard time believing that you will tell me exactly the methods you use to trade. If you did that, wouldn't you lose your competitive edge?" "I'm a gamer who's incredibly fast with the keyboard. Why can't I skip all the concepts and learning, and simply follow you as you trade?" You will get specific, honest answers to all of these questions and more. The third thing that makes this book unique is I have identified 20 specific "guardrails" over my many years of trading. These are rules I follow, plus some I wish I knew when I was starting out. They are incredibly useful to keep in mind during the heat of trading-and it does get hot. If you're looking for day trading books for beginners, this is the book to get. Plus if you feel like you're not a beginner but your day trading is going nowhere, this could be the book to have in order to get you back on track. As important as charts and financial ratios are, those things come later. If you're thinking about day trading for a living, what you need to know first is whether day trading fits your personality, and how to avoid the biggest myths and mistakes that will cost you time and money. Real day trading is not anything like what you see on social media. After you read this book, you'll know why. You'll also have a solid roadmap of day trading strategies to take, if you decide to explore this amazing profession.

Start Day Trading Now

2011-02-18

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Author: Michael Sincere
Publisher: Simon and Schuster
ISBN: 1440511926
Category : Business & Economics
Languages : en
Pages : 224

Are you intimidated by day trading? Think it's only for the select few who are savvy with stocks or are financial savants? Well, think again, because anyone can master day trading--and once you learn the basic techniques, it's possible to make a boatload of money! The flip side: if you don't know what you're doing, you can lose your shirt. In this entry-level guide to day trading, MarketWatch columnist and financial journalist Michael Sincere assumes you know nothing. Zip. Zero. Inside, he shows you how to get started and breaks day trading down by clearly explaining: What computer equipment you'll need How much money is required The technical jargon of day trading Key strategies you'll employ while trading How you can manage risk Most important, Sincere lets you in on the biggest secret of all: how to master the mind game of day trading. Thousands of day traders have watched their bank accounts balloon thanks to Wall Street. Now you can get into the market and enter their coveted ranks.

Day Trading

2015-04-10

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Author: Justin Kuepper
Publisher: Tycho Press
ISBN: 9781623155742
Category : Business & Economics
Languages : en
Pages : 0

All You'll Ever Need to Trade from Home When most people hear the term "day trader," they imagine the stock market floor packed with people yelling 'Buy' and 'Sell' - or someone who went for broke and ended up just that. These days, investing isn't just for the brilliant or the desperate--it's a smart and necessary move to ensure financial wellbeing. To the newcomer, day trading can be a confusing process: where do you begin, and how can you approach trading in a careful yet effective way? With Day Trading you'll get the basics, then: Learn the Truth About Trading Understand The Psychology of Trading Master Charting and Pattern-recognition Study Trading Options Establish Trading Strategies & Money Management Day Trading will let you make the most out of the free market from the comfort of your own computer.

A Beginner's Guide To Day Trading Online 2nd Edition

2007-01-19

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Author: Toni Turner
Publisher: Simon and Schuster
ISBN: 1593376863
Category : Business & Economics
Languages : en
Pages : 336

A financial consultant and author of A Beginner's Guide to Day Trading Online provides a comprehensive, timely, and strategic introduction to online brokers and electronic trading, discussing new trading products, assessing funds, explaining how to analyze stocks, and more. Original. 60,000 first printing.