Publisher's Synopsis
In an ever–changing market, get the advantage of trading for yourself 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 and how it works to what to expect in the day of the life of a day trader Start strategizing — get the 411 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 the treacherous 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, figuring out how well your day trading is performing, and much more 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 Learn to: Get started with an action plan Avoid pitfalls Succeed in this thrilling, lucrative career
