Day Trading Stocks the Wall Street Way: A Proprietary Method For Intra-Day and Swing Trading / Edition 1

Day Trading Stocks the Wall Street Way: A Proprietary Method For Intra-Day and Swing Trading / Edition 1

by Josh DiPietro
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Day Trading Stocks the Wall Street Way: A Proprietary Method For Intra-Day and Swing Trading / Edition 1

Avoid bogus trading systems, learn from a real day trader, and make consistent profits day trading stocks

Day Trading Stocks the Wall Street Way: A Proprietary Disclosure on Intra-Day Trading and Swing Trading Equities provides a real-world guide to successful day trading, and gives you the tools, techniques, and tested, reliable methods you need to trade like the pros. Written by a seventeen-year day trading veteran, this guide talks you down from the industry hype to give you a realistic grounding in self-discipline, consistency, and patience while teaching you the hard skills you need to have a real chance of success.

Avoid losses by swerving from the typical beginner's path of seminars, software, and major brokerage houses, and instead develop the insights that lead to real, long-term profits. With an engaging and humorous tone, the author relates his own experiences and lessons learned to teach you the do's, the don'ts, and the ingredients for success. You'll discover Josh DiPietro's FUSION TRADING SYSTEM—a proven method developed from years of reliability testing. He'll show you how intra-day setups and swing trading setups can be merged to develop a perfect trade.

The surest path to failure and tremendous financial loss begins with the over-eager, overly optimistic amateur trader who sees day trading as a quick and easy path to wealth. This book gives you a much more realistic outlook, and the fundamentals you need to make the most of the market.

  • Get an honest perspective on real-world day trading
  • Gain the wisdom of experience and avoid common pitfalls
  • Learn the framework to Josh Dipietro's profitable FUSION TRADING SYSTEM

A poorly defined trading approach will cost you more money than you will make, rendering your day trading venture a potentially damaging net loss. Day Trading Stocks the Wall Street Way: A Proprietary Disclosure on Intra-Day Trading and Swing Trading Equities teaches you the avoidance of loss, the discipline, and the transparent strategies of success, so you can play the market to win.

Product Details

ISBN-13: 9781119108429
Publisher: Wiley
Publication date: 09/08/2015
Series: Wiley Trading Series
Pages: 256
Sales rank: 808,878
Product dimensions: 6.10(w) x 9.10(h) x 1.00(d)

About the Author

JOSH DIPIETRO is a professional day trader who started out in 1998, over seventeen years ago making the rounds at private equity trading floors in the Financial District of Manhattan. He is the author of The Truth About Day Trading Stocks, as well as numerous articles, all of which support his passion for educating tomorrow's trader. Josh operates his online trading room and coaching program, where he can be reached at and or at 1399 9th Avenue #1211 San Diego, CA 92101.

Table of Contents

Author’s Note xi

Three Essential Prerequisites xiii

Introduction xv

Discovering Day Trader Josh xxv

Acknowledgments xxxvii


LESSON 1 Control of Emotions and Mastery of Focus 3

LESSON 2 How Overconfidence Can Destroy Your Trade 6

LESSON 3 Dealing with Your Impatience 8

LESSON 4 Knowing When to Stop Trading 10

LESSON 5 Risk Management: Buying Power versus Capital 12

LESSON 6 Avoiding Overexposure to Market Risk 15

LESSON 7 Budgeting Your Way to Profitability 18

LESSON 8 A Realistic Look at Stop-Loss 20

LESSON 9 Day Trading Is Not Gambling 23

LESSON 10 Consistency Rules! 26

LESSON 11 News versus Noise 28

LESSON 12 When It Comes to Averaging Down, Amateurs Beware! 31

LESSON 13 What Stocks to Trade and Why 33

LESSON 14 Picking the Right Online Broker 38


CHAPTER 1 Basic Procedure 45

The Best Stocks to Trade with My System 45

Additional Reasons Why You Should Take Only 15 Cents on Each Trade 49

CHAPTER 2 Prior Price Levels and Newly Forming Intra-Day Levels 53

The Basics of One-Minute Candlestick Chart Reading 55

Get Your Daily Price Levels Logged and Organized 67

What to Do After You Have Your List of Daily High Price Levels and Daily Low Price Levels 68

Log Your Prior Price Levels on a Whiteboard Before the Opening Bell 70

Now You Start the Five-Candlestick Counting Process 74

How to Count Five Minimum Candlesticks (Chart Analysis) 75

Notes, Reminders, Cautions, and Hints of the Lessons to Come 76

CHAPTER 3 Intra-Day Golden Rules: Entry/Exit Setups 78

The Rules Explained 79

Mastering the Three-Tier Max Strategy with 100-Share Block Trades 84

Understanding the Wisdom of 15-Cent Static Profits 86

Observing the Framework of Entry and Exit Strategy with Step-by-Step Procedures and Guidelines 88

Entry Strategy 90

Exit Strategy 91

The Wisdom of Using Strategy Stop-Loss 92

CHAPTER 4 The Mechanics of FASTKEY Order Execution 96

Using Your Keyboard Keys for Rapid Order Execution 96

Placing Orders Directly from a Level 2 Quote Chart (Direct Access) 97

Executing Real-Time Trades (Manual Limit Orders) 100

Scrutinizing Both Real-Time and End-of-Day Trades with Back-Testing 102


CHAPTER 5 Introduction to Swing Trading: Basic Rules and Procedures 109

Introducing the Ten-Day Hold Rule 111

How to Determine the First-Tier Swing Level 112

Understanding Entry and Exit Setup Rules 115

Two Key Swing Rules to Follow 118

Buying Power and Trading Experience Dictate Your Swing Strategy 121

Here’s the Good News! 122

CHAPTER 6 Sample Swing Charting Setups 124

The 5 Percent Bubble 126

Swing Trade Setups 129


CHAPTER 7 Introduction to Fusion Trading 139

Why Are They Not Mutually Exclusive? 140

Applying the Golden Rules 144

Deciding Your Trading Options: Intra-Day Only, Swing Only, or Fusion? 148

CHAPTER 8 Sample Fusion Trade Setups 150

Sample Fusion Trade #1 152

Sample Fusion Trade #2 156

Sample Fusion Trade #3: An Advanced Fusion Trade 160

FinalWords on Fusion Trading 169


CHAPTER 9 Maximizing Net Profits and Minimizing Losses on Overall Trade Setups 173

What Is Pivot Trading? 175

Sideline Trading 178

Earnings Release Trading 181


CHAPTER 10 My Trading Room and How It Works 189

CHAPTER 11 The Day Trader Josh Training Program 195

Program Details 196

Learning Objectives 197

What the Price Includes 199

Recap 199

About the CompanionWebsite 200

My Final Words to Readers: Warnings, Reminders, and Prospects for the Future 201

Index 207

Customer Reviews

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Day Trading Stocks the Wall Street Way: A Proprietary Method For Intra-Day and Swing Trading / Edition 1 5 out of 5 based on 0 ratings. 10 reviews.
stockkingpin More than 1 year ago
A friend told me about this book, and he was definitely right. Compared to other day trading books, this one is clear, concise and very easy to understand. Even if you've never done any daytrading (like me), this is a great place to start, and even better if you have tried day trading before and it was an absolutely horrible experience. It takes a different approach than other day trading methods, but it does work if you are willing to put in the work.
MikeeeStocks More than 1 year ago
great read. and great system for swing trading. I spoke to the author Josh DiPietro (day trader Josh) after reading book and I plan to enter his training program. He offers a guarantee policy on recouping his tuition fee while in his program. Cant beat that!!! Josh will be helping me with the gray areas of his books lessons and rules to follow. Deff buy this book and contact DAY TRADER JOSH.
TraderTime More than 1 year ago
Deff a great read for novice traders that want to become pro traders. This is a swing trading system that wil work great in 2018's expected high volatility.
Darren1967 More than 1 year ago
I've had the opportunity to read several stock trading books and many of them are hard to follow and written as if you already know the in's and outs. This book is excellently written and thoroughly explains the market, graphs, personal experiences and even the lingo that goes along with the stock market. If you're looking for a great book to give you a good understanding of trading stocks and doesn't mislead you then I highly recommend this book. This book definitely gets you headed in the right direction!!!
amentrader More than 1 year ago
I am just a beginner to day trading stocks. I never read Josh's first book, but his second book certainly educated me on the complexities of real day trading. At first I was overwhelmed by his Fusion Trading system, all its moving parts and rules, but the book is so well written and comprehensive that it made sense by the end. You definitely have to read the entire book to get the framework to the system. I plan on joining Joshs training program in the near future. I recommend this book to both beginners and advanced traders.
trade2018 More than 1 year ago
Awesome book, very well written an easy to grasp trading concepts. I deff will take Josh advice and get formally trained by him before trying this system alone.
daytrader2018 More than 1 year ago
WOW! This is the REAL DEAL....Ive read plenty of day trading stock books, but Josh DIPietro writes the truth here, then kills you with his very involved trading system that appears to be exactly what we need in 2018, lots of volatility coming to markes soon. .Its deff not easy to apply on your own,i tried on papper, but I can see where there are greay areas like premarket levels. Im starting his free week trial next week. CANT WAIT!!
swingmaster2018 More than 1 year ago
Fantastic Read and deff a REAL system here.I look forward to being trained by Josh.
JackRussels More than 1 year ago
So far very good! I'm new to day trading and glad I found this book and knowledge in Josh. I was looking for a straight forward, no nonsense explanation of the fundamentals of day trading and seems like I found it. The biggest thing I appreciate is the honesty of the material and that he's not trying to sell you a pipe dream like so many other resources on day trading. I'll update this review as I continue learning as I plan on starting the training with Josh soon!
Dkingoftrades More than 1 year ago
Totally what Ive been looking for! And this new 2018 market is perfect for this swing trading system.Makes the most sense now that the VIX is going higher.