Day Trading For Dummies [NOOK Book]

Overview

  • Get started with an action plan
  • Avoid day-trading pitfalls
  • Position yourself for trading success

Start day trading today with this hands-on guide to mastering the markets

This plain-English guide shows you how day trading works, identifies its all-too-numerous pitfalls, and gets you started with an action plan. From classic and renegade strategies to the nitty-gritty of ...

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Day Trading For Dummies

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Overview

  • Get started with an action plan
  • Avoid day-trading pitfalls
  • Position yourself for trading success

Start day trading today with this hands-on guide to mastering the markets

This plain-English guide shows you how day trading works, identifies its all-too-numerous pitfalls, and gets you started with an action plan. From classic and renegade strategies to the nitty-gritty of daily trading practices, it gives you the knowledge and confidence you need to keep a cool head, manage risk, and make decisions instantly as you buy and sell your positions.

  • Understand day trading — discover the fundamentals of day trading, from what it is to how it works
  • Start strategizing — get all the facts on the different strategies and research techniques day traders use to determine how and when to buy and sell their positions
  • Pick up the tools of the trade — find out how to set up your office to improve your response times, choose the support services you need to research trades, and get through a treacherous trading day with your sanity intact
  • Get down to the nitty gritty — grasp the day-to-day “stuff” that separates day trading from other types of trading, like paying taxes on your gains, measuring your daily trading performance, and much more
  • Move beyond stocks — find out how to trade in commodities and derivatives, among other more exotic trades

Open the book and find:

  • Market indicators and day trading strategies
  • Advice on how to manage money and your positions
  • Key characteristics of successful day traders
  • Guidance on understanding risk and return
  • How to differentiate trading, investing, and gambling
  • A look at rules and regulations
  • Research techniques used in day trading
  • Tips for managing stress in the trading day
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Product Details

  • ISBN-13: 9781118808085
  • Publisher: Wiley
  • Publication date: 1/28/2014
  • Series: For Dummies Series
  • Sold by: Barnes & Noble
  • Format: eBook
  • Edition number: 3
  • Pages: 360
  • Sales rank: 231,496
  • File size: 3 MB

Meet the Author

Ann C. Logue, MBA, has more than a dozen years of experience working in financial services and has taught business administration at the University of Illinois. She is a finance writer who has written numerous articles on investment and has edited publications on equity trading and risk management.

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Table of Contents

Introduction 1

Part I: Getting Started with Day Trading 5

Chapter 1: So You Want to Be a Day Trader 7

Chapter 2: Planning to Succeed As a Day Trader 23

Chapter 3: Deciding What to Trade and How to Trade It 45

Chapter 4: Defining Trading: Risk, Reward, and Timing 69

Chapter 5: Regulation and the Modern Trader 81

Part II: Exploring Popular Day-Trading Strategies 97

Chapter 6: Managing Your Money and Positions 99

Chapter 7: Technical Analysis 101 115

Chapter 8: Following Market Indicators and Tried-and-True Day-Trading Strategies 137

Chapter 9: Increasing Risk and Potential Return with Short Selling and Leverage 161

Chapter 10: Looking for Easy Profits: Navigating the Tricky World of Arbitrage and High-Frequency Trading 177

Chapter 11: All About Accounts 191

Part III: Necessities and Niceties for Successful Day Trading 205

Chapter 12: Equipping to Day Trade 207

Chapter 13: Researching Research Services 215

Chapter 14: Stress Management in the Trading Day 231

Chapter 15: Taxes for Traders 243

Chapter 16: But Did You Make Money? Testing, Tracking, and Evaluating Performance 263

Chapter 17: Day Trading for Investors 283

Part IV: The Part of Tens 295

Chapter 18: Ten Good Reasons to Day Trade 297

Chapter 19: Ten or So Good Reasons to Avoid Day Trading 303

Chapter 20: Ten Common Day-Trading Mistakes 309

Chapter 21: Ten Tested Money-Management Techniques 315

Appendix: Additional Resources for Day Traders  321

Index 329

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Customer Reviews

Average Rating 2.5
( 7 )
Rating Distribution

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(1)

4 Star

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Sort by: Showing all of 7 Customer Reviews
  • Posted June 17, 2010

    I Also Recommend:

    DOES NOT TELL YOU 'HOW TO' ANYTHING

    Very Negative book. The whole first chapter tells you that you're probably not cut out to do this. That's for me to decide given proper INFORMATION, which is lacking and disorganized. Stock Investing for dummies was EXTREMELY well written and helpful; I can not say enough good about that book. I expected the same from this one and was extremely disappointed. Definite DO NOT BUY.

    4 out of 4 people found this review helpful.

    Was this review helpful? Yes  No   Report this review
  • Anonymous

    Posted October 5, 2011

    Recomended

    I have very little patience when it comes to reading badly written books. This one is very well written with solid unique points, but i feel it should cover more on how to pick hot stocks for short term profits. For those who think hot stocks is the way to go in this volatile market I recommend MomentumStockPick com

    3 out of 3 people found this review helpful.

    Was this review helpful? Yes  No   Report this review
  • Posted February 20, 2010

    Rough going and not very helpful

    So many "warnings" and "Cautions" and no real HOW DO I DO IT inside. Not what I wanted/needed/expected and way, way too general.

    2 out of 2 people found this review helpful.

    Was this review helpful? Yes  No   Report this review
  • Anonymous

    Posted May 9, 2012

    No text was provided for this review.

  • Anonymous

    Posted August 21, 2013

    No text was provided for this review.

  • Anonymous

    Posted June 26, 2011

    No text was provided for this review.

  • Anonymous

    Posted August 5, 2010

    No text was provided for this review.

Sort by: Showing all of 7 Customer Reviews

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