The Truth About Day Trading Stocks: A Cautionary Tale About Hard Challenges and What It Takes To Succeed

( 5 )
Pick Up In Store

Pick Up in Store

Reserve and pick up in 60 minutes at your local store

Hardcover
$60
BN.com price
Marketplace (New and Used)
from
$33.20
$60.00 List Price (Save 45%)
Usually ships in 1-2 business days
All (19)  
Used (4)  
New (15)  
Close
Sort by
Page 1 of 2
Showing 1 – 10 of 19 (2 pages)
$33.20
(Save 45%)
SuperBookDeals-
Seller since 2008

Feedback rating:

(14111)

Condition:

New — never opened or used in original packaging.

Like New — packaging may have been opened. A "Like New" item is suitable to give as a gift.

Very Good — may have minor signs of wear on packaging but item works perfectly and has no damage.

Good — item is in good condition but packaging may have signs of shelf wear/aging or torn packaging. All specific defects should be noted in the Comments section associated with each item.

Acceptable — item is in working order but may show signs of wear such as scratches or torn packaging. All specific defects should be noted in the Comments section associated with each item.

Used — An item that has been opened and may show signs of wear. All specific defects should be noted in the Comments section associated with each item.

Refurbished — A used item that has been renewed or updated and verified to be in proper working condition. Not necessarily completed by the original manufacturer.

New
Brand New, Perfect Condition, Please allow 4-14 business days for delivery. 100% Money Back Guarantee, Over 1,000,000 customers served.

Ships from: South Bend, IN

Usually ships in 1-2 business days

  • •Canadian
  • •International
  • •Standard, 48 States
  • •Standard (AK, HI)
$33.21
(Save 45%)
indoo
Seller since 2007

Feedback rating:

(21685)

Condition: New
BRAND NEW

Ships from: Avenel, NJ

Usually ships in 1-2 business days

  • •Canadian
  • •International
  • •Standard, 48 States
  • •Standard (AK, HI)
$35.31
(Save 41%)
PaperbackshopUS
Seller since 2009

Feedback rating:

(4796)

Condition: New
Shipped from US in 4 to 14 business days. Established seller since 2000

Ships from: Aurora, IL

Usually ships in 1-2 business days

  • •Standard, 48 States
  • •Standard (AK, HI)
$35.31
(Save 41%)
ExpeditedBooksUS
Seller since 2010

Feedback rating:

(889)

Condition: New
Shipped from US. Express shipping in 3 to 6 business days. Standard shipping in 4 to 14 business days. Established seller since 2000

Ships from: Aurora, IL

Usually ships in 1-2 business days

  • •Standard, 48 States
  • •Standard (AK, HI)
  • •Express, 48 States
  • •Express (AK, HI)
$35.50
(Save 41%)
TrackedBooksUS
Seller since 2012

Feedback rating:

(88)

Condition: New
Shipped from US in 4 to 14 business days standard or 3 to 6 business days express. FREE TRACKING WITH EVERY ORDER! Established seller since 2000

Ships from: Aurora, IL

Usually ships in 1-2 business days

  • •Standard, 48 States
  • •Standard (AK, HI)
  • •Express, 48 States
  • •Express (AK, HI)
$36.51
(Save 39%)
Great Book Deals
Seller since 2008

Feedback rating:

(12288)

Condition: New
Absolutely Brand New & In Stock. 100% 30-Day Money Back. Direct from our warehouse. Over 5+ Million Customers served. In business since 1997. Happy Customers is Our #1 Goal. ... Customer Service toll free upport Monday-Friday EST Hrs. 4 to 14 business day Delivery Time by US Post Office. Read more Show Less

Ships from: Oldsmar, FL

Usually ships in 1-2 business days

  • •Standard, 48 States
  • •Standard (AK, HI)
$39.41
(Save 34%)
BargainBookStores
Seller since 2010

Feedback rating:

(7946)

Condition: New
BRAND NEW FROM PUBLISHER! 100% Satisfaction Guarantee. Tracking provided on most orders. Buy with Confidence! Millions of books sold!

Ships from: Grand Rapids, MI

Usually ships in 1-2 business days

  • •Canadian
  • •International
  • •Standard, 48 States
  • •Standard (AK, HI)
  • •Express, 48 States
  • •Express (AK, HI)
$41.64
(Save 31%)
PaperbackshopUS
Seller since 2009

Feedback rating:

(4796)

Condition: New
Shipped from US in 4 to 14 business days. Established seller since 2000

Ships from: Aurora, IL

Usually ships in 1-2 business days

  • •Standard, 48 States
  • •Standard (AK, HI)
$41.96
(Save 30%)
EuroBooks
Seller since 2008

Feedback rating:

(3504)

Condition: New
Shipped from UK in 4 to 14 business days. Established seller since 2000

Ships from: Horcott Rd, Fairford, United Kingdom

Usually ships in 1-2 business days

  • •Standard, 48 States
  • •Standard (AK, HI)
$51.75
(Save 14%)
UnbeatableSale
Seller since 2012

Feedback rating:

(192)

Condition: New
Free standard shipping in the Continental US

Ships from: Lakewood, NJ

Usually ships in 1-2 business days

  • •Standard, 48 States
Page 1 of 2
Showing 1 – 10 of 19 (2 pages)
Close
Sort by
NOOK Book (eBook)
$34.20
BN.com price
$60.00 List Price (Save 43%)

Available on NOOK devices and apps

  • Nook Devices
  • NOOK
  • NOOK Color
  • NOOK Tablet
  • Tablet/Phone
  • NOOK for iPad
  • NOOK for iPhone
  • NOOK for Android
  • NOOK for Android (Tablet)
  • NOOK Kids for iPad
  • PC/Mac
  • NOOK Study
  • NOOK for PC
  • NOOK for Mac

Want a NOOK? Explore Now

More About This Book

Overview

A realistic guide to day trading today’s stock market

"Josh does an outstanding job of capturing all his trading experience into an invaluable memoir detailing specific rules for both the inexperienced and experienced trader. Anyone interested in trading professionally should read this book as they will learn invaluable lessons."
—Stephen Ehrlich, CEO, Lightspeed Financial, LLC

"Having been a trader for over twenty years myself, I’ve read my share of books about the financial markets. Josh’s book is one of the few which doesn’t sugarcoat the fact that successful trading is both hard work and takes a long time to master. These lessons and guidance are drawn from real-life experiences, not hypotheticals, which simply adds to their weight. Active traders who are serious about their success need to read this book."
—Tim Knight , founder of Prophet.net, author of Chart Your Way to Profits

"A brutally honest depiction of the reality of trading. Great stuff. If you’re new to the trading game, this book will shorten your learning curve and—if you take its lessons to heart—it just might save you money and grief."
—Jason Alan Jankovsky, author of The Art of the Trade and Trading Rules that Work

Product Details

  • ISBN-13: 9780470448489
  • Publisher: Wiley, John & Sons, Incorporated
  • Publication date: 7/7/2009
  • Edition number: 1
  • Pages: 208
  • Sales rank: 850,526
  • Series: Wiley Trading Series , #421
  • Product dimensions: 6.20 (w) x 9.00 (h) x 0.90 (d)

Meet the Author

JOSH DIPIETRO has been day trading stocks for ten years. He operates a web site (www.daytraderjosh.com) and provides training programs for aspiring day traders. DiPietro's trading approach involves making many trades every day, taking small profits, exiting losing trades quickly, and minimizing transaction costs. He is a critic of the educational paths offered by the established trading industry and is dedicated to providing an alternative educational approach for aspiring traders.

Table of Contents

Preface.

Acknowledgments.

Introduction: The Wholehearted Amateur.

PART I Psychological Truths and What to Do about Them.

CHAPTER 1 Truths about Yourself to Know First.

How Often Do You Trade, and How Profitably?

How Much Are You Trading in Capital and Leverage?

How Long Have You Been Trading?

What Financial Instruments Are You Trading?

Are You Trading Other Peoples' Money or Your Personal Capital?

Are You a Licensed Trader, or Trading Independently?

How Were You Trained?

Rules to Remember.

CHAPTER 2 How Emotions Can Destroy a Trade.

The Fear Factor.

Greed Is Not Good.

Rules to Remember.

CHAPTER 3 Preventing Overconfidence.

Ignoring Your Predetermined Stop/Loss Price.

Holding Too Long.

Rules to Remember.

CHAPTER 4 From Impatient to Cool, Calm, and Collected.

The Waiting is the Hardest Part.

Deciding to Learn More.

Rules to Remember.

CHAPTER 5 Taking Breaks.

Break When Your Confidence is Low.

Break Because It's Just Not Working.

Break and Then What?

Rules to Remember.

PART II The Truth About Your Risk.

CHAPTER 6 The Importance of Risk Management.

The Amount of Trading Capital Allocated to Each Trade.

The Timing for Allocating Capital to a Trade.

Overexposure to Risk.

The Stock or Company You'Re Trading.

The Time of Day You're Trading.

Gambling.

Rules to Remember.

CHAPTER 7 Why Overexposure to the Market Can Hurt.

Time versus Timing.

Rules to Remember.

CHAPTER 8 Budgeting: Knowing Your Financial Limitations.

Don't Quit Your Day Job: Catch-22.

Crunching the Numbers.

Cushion Cash.

Rules to Remember.

CHAPTER 9 Minimizing Your Risk with Stop/Loss.

Making Stop/Loss Automatic.

Rules to Remember.

CHAPTER 10 Averaging-Down: A Skilled Strategy.

To Average-Down Successfully Takes Mastery.

Know-How Doesn't Grow Overnight.

Rules to Remember.

CHAPTER 11 Gambling versus Day Trading.

Rules to Remember.

PART III Intraday Trading Truths.

CHAPTER 12 Why Some Traders Make More Mistakes.

Pick Your Stocks Carefully.

Focus, Focus, Focus.

Pay Attention to Market-Moving News.

Rules to Remember.

CHAPTER 13 Trading Consistently All Day.

Rules to Remember.

CHAPTER 14 Stock Picking: Simplifying the Process.

Your Stock Should Have an Average Daily Volume of One Million Shares or More.

Choose Stocks between $10 and $100.

Pick Stocks That Display Tradable Intraday Price Swings.

Don't Trade Stocks Affected by Strict Federal Regulations.

Beware of Stocks Directly Affected by Current News Headlines.

Rules to Remember.

CHAPTER 15 Why News Can Be Just Noise.

Trading on News versus Monitoring News.

Rules to Remember.

PART IV The Truth About Training and Preparation.

CHAPTER 16 About Those Training Programs.

Seminars for the Greenhorns.

Training Programs for the More Experienced Trader.

Tips for Selecting the Right Program.

Rules to Remember.

CHAPTER 17 Picking the Right Online Broker: Pay-per-Share versus Pay-per-Trade.

Starting Out with Pay-per-Trade.

Transitioning to Pay-per-Share.

High Leverage Pros and Cons.

Hang on to Your Pay-Per-Trade Account.

Rules to Remember.

CHAPTER 18 Paper-Trading Strategy.

Paper Trading for the Amateur.

A Word About Advanced Paper Trading.

Rules to Remember.

CHAPTER 19 Trading for Skill versus Trading for Income.

Building a Foundation of Trading Skills.

First Level.

Second Level.

Third Level.

Summary.

Rules to Remember.

CHAPTER 20 The Perfect Trading Day.

Early Morning Activities.

Pre-Market Trading.

The Opening Bell.

Midday Activities.

The Last Hour of Trading.

The Closing Bell.

After-Market Trading.

Homework.

CHAPTER 21 The Worst Trading Day.

Early Morning Activities.

Premarket Trading.

The Opening Bell.

Mid-Day Activities.

Last Hour of Trading.

The Closing Bell.

After-Market Trading.

Homework.

Conclusion: Parting Words.

Appendix: Rules to Remember.

About the Author.

Index.

Customer Reviews

Average Rating 5
( 5 )

Rating Distribution

5 Star

(5)

4 Star

(0)

3 Star

(0)

2 Star

(0)

1 Star

(0)

Your Rating:

Review Guidelines
Add Recommendations
Your Name: Create a Pen Name or Leave Anonymously

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identiy on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

We're sorry, but penname is already taken.

Please select one of the following:
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

penname is available!

By visiting the BN.com website or marking a purchase on BN.com, a User is deemed to have accepted the Terms of Use.

Continue Anonymously

Welcome, penname

You have successfully created your Pen Name. Start enjoying the benefits of the BN.com Community today.

Sort by: Showing all of 5 Customer Reviews

  • Anonymous

    Posted December 29, 2009

    I Also Recommend:

    9780887306105

    Great Reality Check for the Day Trader

    I purchased this book at a friends suggestion. This book is a glimpse into the reality of trading. It describes the personal journey of the author as he pursued the active trading life. The book is the precursor to the 20 Day Trading Course which I highly recommend.

    1 out of 1 people found this review helpful.

    Was this review helpful? Yes  NoThank you for your feedback.   Report this reviewThank you, this review has been flagged.

  • Posted September 6, 2009

    Realistic expectations

    This is an honest to goodness realistic experience that one will expect into the journey of a life of a trader, no icing on the cake, just plain and straight to the point guide for beginner trader like me. I highly recommend this book and will include this as a must read books for traders. I have attended and bought traders course before, but this book will be my guide on my learning curve.

    1 out of 1 people found this review helpful.

    Was this review helpful? Yes  NoThank you for your feedback.   Report this reviewThank you, this review has been flagged.

  • Posted August 17, 2009

    Great study in the challenges of day-trading

    Having worked many years in the financial field, formerly as a CPA and currently as a Series 7 securities representative, I have always wanted to pursue trading full time. While reading Stocks, Futures and Options Magazine I saw an article by Josh DiPietro describing some interesting insights into day-trading which led me to his book The Truth About Day Trading Stocks. This book presents honest and realistic guidelines for anyone wanting to succeed in day-trading. As most people know who have casually thrown money into trades, the stock market can be an unforgiving minefield ready to destroy the uninformed novice. The author presents an understandable, disciplined and oftentimes humorous approach to learning the intricacies of trading. The author also offers a Mentorship program which is my next step in learning the art/science of day-trading. I would definitely recommend this book to anyone who is willing to treat trading as a business requiring knowledge and discipline for success.

    1 out of 1 people found this review helpful.

    Was this review helpful? Yes  NoThank you for your feedback.   Report this reviewThank you, this review has been flagged.

  • Posted July 28, 2009

    GREAT READ FOR "SCALP" DAY TRADERS

    I was searching for financial books regarding Technical Trading and just stumbled onto Josh DiPietro's recently published book "The Truth About Day Trading Stocks: A cautionary Tale About Hard Challenges and What it Takes to Succeed (Wily Trading)" and was fascinated by the simplicity of it all. I am a graduate Engineer by education and really do like logical explanations for sometimes complex studies. If someone really wants to be a "Scalp" Day Trader I recommend without any question this book as it reminds me of a "How To" manual that tells you specifically how to do this with a lot of hard work and discipline. It is like a cook book that has all of the important ingredients listed and explained telling how each will be important and must be added to the readers understanding before they go "live"; i.e. trading with real money. I will be taking the Author's Mentorship Program very soon but have had the opportunity to use the recommended Demo Pay Per Share Platform available from LightSpeed and have found the many important things stressed by the Author to ring true. One thing that I found to be very important was his insistence in telling me the reader that one cannot expect to be a successful Day Trader immediately only after reading this book or taking his Mentorship Program but only after many weeks or maybe months of studying, practicing and very carefully trading live,,,, you know,,, with your own hard earned money.
    Good Trading

    1 out of 1 people found this review helpful.

    Was this review helpful? Yes  NoThank you for your feedback.   Report this reviewThank you, this review has been flagged.

  • Anonymous

    Posted July 5, 2010

    No text was provided for this review.

Sort by: Showing all of 5 Customer Reviews
If you find inappropriate content, please report it to Barnes & Noble
Why is this product inappropriate?
Comments (optional)
500 character limit