Financial Freedom Through Electronic Day Trading

Financial Freedom Through Electronic Day Trading

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by Van Tharp, Brian June
     
 

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An increasing number of investors are entering the high-risk world of electronic day trading—often before they’ve learned the basic principles and safeguards. Financial Freedom Through Electronic Day Trading combines Van Tharp’s mastery of trading psychology with Brian June’s nuts-and-bolts expertise to give day traders the proven strategies

Overview

An increasing number of investors are entering the high-risk world of electronic day trading—often before they’ve learned the basic principles and safeguards. Financial Freedom Through Electronic Day Trading combines Van Tharp’s mastery of trading psychology with Brian June’s nuts-and-bolts expertise to give day traders the proven strategies and information they need to survive and succeed.

From little-known day trading entries and exits to techniques that foster winning attitudes and styles, these practical ideas will help readers develop their own personalized trading systems. The perfect combination of psychological preparation and hands-on practice, it discusses:
*Market analysis from a day trading perspective
*Techniques for determining a market maker’s position
*The best day trading software

Product Details

ISBN-13:
9780071415606
Publisher:
McGraw-Hill Education
Publication date:
01/08/2001
Sold by:
Barnes & Noble
Format:
NOOK Book
Pages:
388
Sales rank:
665,197
File size:
7 MB

Meet the Author

Van K. Tharp, Ph.D., is president of the International Institute of Trading Mastery (IITM) and has been a consultant to traders and investors for over 15 years. Internationally recognized as today's number one coach and trainer for traders, Dr. Tharp is the author of Trade Your Way to Financial Freedom as well as a five-volume home study course, a monthly newsletter on systems and psychology, and a number of articles in industry publications. His trading models and techniques were featured in the book Market Wizards: Interviews with Great Traders.

Brian June moved directly from a successful corporate career into a sizable income as an electronic day trader. A popular speaker at day trading seminars and expositions, June has written numerous articles for Market Mastery, the IITM newsletter, and is an expert at applying sound business principles to achieve trading success. He also developed a popular workshop on electronic day trading tactics and strategies.

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Financial Freedom Through Electronic Day Trading 5 out of 5 based on 0 ratings. 5 reviews.
Guest More than 1 year ago
This book contains a wealth of information - I strongly recommend it! The content is excellent, and the writing style is understandable and candid. Brian June not only discusses the nuts-and-bolts of day-trading (Level II screens, time-and-sales data, 'ax' market makers, direct-access systems, trading strategies) but covers in detail how one should prepare prior to the market opening and how one needs to debrief trading after the close. Dr. Van Tharp covers two of the most important concepts of trading: risk management (i.e., capital preservation) and money management (i.e., position sizing). If you have not internalized these concepts into your belief system already read these chapters, memorize them. They are key disciplines as they will keep you in the game. Four days ago I recommended the book to another full-time trader, and he just wrote back saying, 'I wanted to thank you for recommending the Tharp/June book. It is full of mandatory knowledge one needs, but also they make it clear what the requirements are to be successful. I am finding the book extremely enlightening - thanks again.' I have been a student of the markets for over ten years having proceeded through the study of fundamental analysis, technical analysis, and trading psychology (in that order). I wish I had this information at the start of my journey.
Anonymous More than 1 year ago
Anonymous More than 1 year ago
Anonymous More than 1 year ago
Guest More than 1 year ago
This is a good book but I think a day trader needs to focus on more especific trading tactics. The most succesful day traders will focus most of the time on a limited number of stocks and on a limited number of factors. To reduce those numbers even more, many top traders will concentrate only on stocks with momentum. One of the most important aspects one must grasp when trading a stock with momentum is how to approach the rally. Knowing how to trade the rally makes all the difference in the world. Not many books cover this aspect in a simple yet detailed manner. The other day I visited a place on the web called ChatHotStocks dotcom. They provide a practical approach for searching and trading stocks poised for a rally in a very simple way. I suggest you visit them, because in the end it's all about the rally. Anyways, a trader must always read and consider as many trading strategies as he can. There are a lot of good trading strategies outhere. The trick is to test them as much as you can -at least on paper- and stick to the one that fits you best and brings you profits consistently.