Produktbild: The Truth About Day Trading Stocks

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

Aus der Reihe Wiley Trading Series

58,99 €

inkl. MwSt, Versandkostenfrei

Beschreibung

Details

Einband

Gebundene Ausgabe

Erscheinungsdatum

01.07.2009

Verlag

John Wiley & Sons Inc

Seitenzahl

208

Maße (L/B/H)

23,5/15,7/1,6 cm

Gewicht

461 g

Auflage

1. Auflage

Sprache

Englisch

ISBN

978-0-470-44848-9

Beschreibung

Details

Einband

Gebundene Ausgabe

Erscheinungsdatum

01.07.2009

Verlag

John Wiley & Sons Inc

Seitenzahl

208

Maße (L/B/H)

23,5/15,7/1,6 cm

Gewicht

461 g

Auflage

1. Auflage

Sprache

Englisch

ISBN

978-0-470-44848-9

Herstelleradresse

Libri GmbH
Europaallee 1
36244 Bad Hersfeld
DE

Email: Libri GmbH

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Die Leseprobe wird geladen.
  • Produktbild: The Truth About Day Trading Stocks
  • Preface xiii

    Acknowledgments xvii

    Introduction: The Wholehearted Amateur 1

    Part I Psychological Truths and What to Do about Them 5

    Chapter 1 Truths about Yourself to Know First 7

    How Often Do You Trade, and How Profitably? 10

    How Much Are You Trading in Capital and Leverage? 10

    How Long Have You Been Trading? 12

    What Financial Instruments Are You Trading? 13

    Are You Trading Other Peoples' Money or Your Personal Capital? 13

    Are You a Licensed Trader, or Trading Independently? 13

    How Were You Trained? 14

    Rules to Remember 14

    Chapter 2 How Emotions Can Destroy a Trade 15

    The Fear Factor 16

    Greed Is Not Good 18

    Rules to Remember 21

    Chapter 3 Preventing Overconfidence 23

    Ignoring Your Predetermined Stop/Loss Price 24

    Holding Too Long 24

    Rules to Remember 26

    Chapter 4 From Impatient to Cool, Calm, and Collected 27

    The Waiting Is the Hardest Part 29

    Deciding to Learn More 31

    Rules to Remember 33

    Chapter 5 Taking Breaks 35

    Break When Your Confidence Is Low 38

    Break Because It's Just Not Working 38

    Break and Then What? 39

    Rules to Remember 42

    Part II The Truth about Your Risk 43

    Chapter 6 The Importance of Risk Management 45

    The Amount of Trading Capital Allocated to Each Trade 46

    The Timing for Allocating Capital to a Trade 47

    Overexposure to Risk 48

    The Stock or Company You're Trading 49

    The Time of Day You're Trading 49

    Gambling 50

    Rules to Remember 51

    Chapter 7 Why Overexposure to the Market Can Hurt 53

    Time versus Timing 54

    Rules to Remember 58

    Chapter 8 Budgeting: Knowing Your Financial Limitations 59

    Don't Quit Your Day Job: Catch- 22 60

    Crunching the Numbers 62

    Cushion Cash 63

    Rules to Remember 64

    Chapter 9 Minimizing Your Risk with Stop/Loss 65

    Making Stop/Loss Automatic 65

    Rules to Remember 71

    Chapter 10 Averaging-Down: A Skilled Strategy 73

    To Average-Down Successfully Takes Mastery 74

    Know-How Doesn't Grow Overnight 75

    Rules to Remember 77

    Chapter 11 Gambling versus Day Trading 79

    Rules to Remember 82

    Part III Intraday Trading Truths 83

    Chapter 12 Why Some Traders Make More Mistakes 85

    Pick Your Stocks Carefully 86

    Focus, Focus, Focus 87

    Pay Attention to Market-Moving News 90

    Rules to Remember 91

    Chapter 13 Trading Consistently All Day 93

    Rules to Remember 98

    Chapter 14 Stock Picking: Simplifying the Process 99

    Your Stock Should Have an Average Daily Volume of One Million Shares or More 100

    Choose Stocks between $10 and $ 100 101

    Pick Stocks That Display Tradable Intraday Price Swings 102

    Don't Trade Stocks Affected by Strict Federal Regulations 102

    Beware of Stocks Directly Affected by Current News Headlines 104

    Rules to Remember 105

    Chapter 15 Why News Can Be Just Noise 107

    Trading on News versus Monitoring News 109

    Rules to Remember 111

    Part IV The Truth about Training and Preparation 113

    Chapter 16 About Those Training Programs 115

    Seminars for the Greenhorns 116

    Training Programs for the More Experienced Trader 119

    Tips for Selecting the Right Program 120

    Rules to Remember 123

    Chapter 17 Picking the Right Online Broker: Pay-per-Share versus Pay-per-Trade 125

    Starting Out with Pay-per-Trade 125

    Transitioning to Pay-per-Share 126

    High Leverage Pros and Cons 130

    Hang on to Your Pay-per-Trade Account 131

    Rules to Remember 132

    Chapter 18 Paper-Trading Strategy 133

    Paper Trading for the Amateur 134

    A Word about Advanced Paper Trading 139

    Rules to Remember 140

    Chapter 19 Trading for Skill versus Trading for Income 141

    Building a Foundation of Trading Skills 141

    First Level 144

    Second Level 146

    Third Level 147

    Summary 148

    Rules to Remember 150

    Chapter 20 The Perfect Trading Day 151

    Early Morning Activities 151

    Pre-market Trading 153

    The Opening Bell 156

    Midday Activities 157

    The Last Hour of Trading 159

    The Closing Bell 160

    After-Market Trading 160

    Homework 161

    Chapter 21 The Worst Trading Day 163

    Early Morning Activities 163

    Premarket Trading 164

    The Opening Bell 166

    Midday Activities 166

    Last Hour of Trading 167

    The Closing Bell 168

    After-Market Trading 168

    Homework 169

    Conclusion: Parting Words 171

    Appendix: Rules to Remember 175

    About the Author 181

    Index 183