Beginner's Guide To Day Trading Online 2Nd Edition
1st Edition
Published on 31. December 2008
288 pages
978-1-4405-0095-4 (ISBN)
Description
The national bestseller-updated for the new stock market!
"Read the book if you want to know how the market works and how to make it work for you." -Greg Capra, president of Pristine.com, coauthor of Tools and Tactics for the Master Day Trader
"By using the tools, trading tactics and strategies revealed in...A Beginner's Guide to Day Trading Online, you will be armed with the skills needed to help you win your battle with the markets." -Steve Nison, CMT, president, www.candlecharts.com, author of Japenese Candlestick Charting Techniques
"Read this book, and, two, reread this book. It will help you achieve your trading goal, which is to make money in the markets. Every trader, from a beginner to the advanced professional, should have this book!" -John Person, CTA, president, Nationalfutures.com
"There are only a handful of trading educators that I would recommend listening to and...Toni Turner is one of them." -Hubert Senters, www.tradethemarkets.com
Day trading is highly profitable-and highly tumultuous. Moreover, the financial markets have changed considerably in recent years. Expert author Toni Turner gives you the latest information for mastering the markets, including:
Written in an accessible, step-by-step manner, A Beginner's Guide to Day Trading Online, 2nd Edition shows how to day-trade stocks in today's market.
"Read the book if you want to know how the market works and how to make it work for you." -Greg Capra, president of Pristine.com, coauthor of Tools and Tactics for the Master Day Trader
"By using the tools, trading tactics and strategies revealed in...A Beginner's Guide to Day Trading Online, you will be armed with the skills needed to help you win your battle with the markets." -Steve Nison, CMT, president, www.candlecharts.com, author of Japenese Candlestick Charting Techniques
"Read this book, and, two, reread this book. It will help you achieve your trading goal, which is to make money in the markets. Every trader, from a beginner to the advanced professional, should have this book!" -John Person, CTA, president, Nationalfutures.com
"There are only a handful of trading educators that I would recommend listening to and...Toni Turner is one of them." -Hubert Senters, www.tradethemarkets.com
Day trading is highly profitable-and highly tumultuous. Moreover, the financial markets have changed considerably in recent years. Expert author Toni Turner gives you the latest information for mastering the markets, including:
- Decimalization of stock prices
- New trading products such as E-minis and Exchange Traded Funds (ETFs)
- Precision entries and exits
- The new breed of trader
Written in an accessible, step-by-step manner, A Beginner's Guide to Day Trading Online, 2nd Edition shows how to day-trade stocks in today's market.
More details
Other editions
Additional editions
Book
01/2007
2nd Edition
Adams Media Corporation
€17.50
Article in reprint
Person
Toni Turner is the bestselling author of A Beginner's Guide to Day Trading Online, 1st Edition, A Beginner's Guide to Short-Term Trading and Short-Term Trading in the New Stock Market An investor/trader with fourteen years' experience, she is a popular educator and speaker at financial conferences and trading forums across the country. Toni has appeared on NBC, MSNBC, CNN, CNNfn, and CNBC's Power Lunch, with Bill Griffith. She has been interviewed on dozens of radio programs and featured in CBSMarketWatch.com, Fortune magazine, and Bloomberg Personal Finance. She currently serves as a consultant to Townsend Analytics, Ltd. Ms. Turner resides in Southern CA.
Content
- Intro
- Dedication
- Foreword
- Introduction
- Chapter 1-This Ain't No Dress Rehearsal!
- Benefits of Day Trading: The Good News
- The Flip Side: Wall Street Takes No Prisoners
- What Does a Day Trader Look Like?
- To Trade or Not to Trade?
- Author's Note
- Center Point: The Power of Commitment
- Chapter 2-Wall Street: A View from the Top of the Skyscraper
- The First Traders
- The Birth of Wall Street
- Who Are Wall Street's Biggest Party Animals? The Bulls and the Bears
- The Land of Greed and Fear
- Supply and Demand or How Much Will You Pay for That Cookie?
- Price: The Bottom Line
- The New York Stock Exchange
- The NASDAQ Stock Market
- The American Stock Exchange, or Amex
- Where You Come In
- The Bid and Ask, or Offer: What They Mean
- NASDAQ Level II System
- The Ringmaster, CNBC
- Center Point: Empower Your Personal Beliefs
- Chapter 3-Day Trading Is Your Business: Let's Set It Up That Way
- Your Day Trading Stash: A Reality Check
- Choose Your Weapon
- What Type of Trader Are You: Part-time or Full-time?
- Trading with an Online Broker: Which One Is Right for You?
- Advantages of Using a Direct-access Trading Platform
- Should You Open Two Trading Accounts?
- Slippage and Commissions: How They Affect Your Wallet
- Trading On Margin: How to Do It and Still Sleep at Night
- Develop a Simple Business Plan
- Create a Success-oriented Environment
- Paper Trading: Should You Do It?
- Center Point: Your Vision: Life's Invitation to Greatness
- Chapter 4-The Winning Market Mentality That Leads to Profits
- Rule One: Protect Your Principal
- Rule Two: Trade to Trade Well, Not to Make Money
- Why the Stock Market Is Always Right
- The Trader's Most Formidable Foe
- Why Faith and Hope Should Be Left in a Basket by the Door
- Why "The Devil" Made You Lose All That Money
- Celebrate Your Positive Trading Characteristics
- Reality Check: What Color Is the Stock Market?
- Don't Push the River: Swim with It and the Money Will Flow to You
- Responsibility and Respect: How They Play Leading Roles in Your Success
- Center Point: Extend Your Reach
- Chapter 5-Trading Fundamentals You'll Build On
- The Market Has No Price or Time Limits
- Fundamental Versus Technical Analysis
- Different Trading Time Frames: What They Mean to You
- Trading with the Clock for Profits
- Introduction to Charting Techniques
- Center Point: The Miracle of Giving
- Chapter 6-Technical Analysis 101: The Trend Is Your Friend
- Stock Cycles: How They Help You Plan Your Trades
- Support and Resistance: What They Are, How to Recognize Them
- Money-making Breakouts and Breakdowns: How to Identify Them
- How to Draw Trendlines or Where to Connect the Dots
- Center Point: Coincidence or Synchronicity?
- Chapter 7-Choose a Stock to Trade
- Volume: A Simple Indicator That Says a Lot
- Moving Averages: What They Are, How to Use Them
- The Final Touch: Momentum Indicators
- Center Point: Detachment-Pathway to Freedom
- Chapter 8-When the Tough Get Going: Beginning Trader's Boot Camp
- Beginner's Boot Camp: Week One
- Beginner's Boot Camp: Week Two
- Order Types and Definitions
- Center Point: The Power of Intuition
- Chapter 9-Plan Your Trade and Trade Your Plan
- How to Design Your Trading Log
- Viewpoint: Top Down Versus Bottom Up Approach
- Plan Your Trade with Risk-reward Analysis
- Money-making Chart Patterns for Position Trades
- The Basics: Continuation and Reversal Patterns
- Double-bottom Pattern
- Cup-with-handle Pattern
- Reverse Head-and-shoulders
- Plain Vanilla Breakout
- Know Your Stop Before You Shop
- Center Point: Practice Healthy Selfishness
- Chapter 10-The Swinging Day Trader
- Fibonacci Numbers
- Money-making Setups for Swing Trades and Day Trades
- Gap Openings: How to Manage Them
- To Hold Overnight, or Not to Hold Overnight
- Nitty-gritty Stuff about Day Trading
- Does Your Stock Waltz or Jitterbug?
- Where to Place Your Stop-loss Orders
- Day Trading Setups: What You're Looking For
- Quick Level II Review and Intraday Trading Tactics
- Pre-market and After-hours Trading Scene
- The Ultimate Day Trading Scene
- Center Point: Release the Past
- Chapter 11-Scalps and Shorts, or the Quick and the Dead
- What Is Scalping?
- Basic Scalping Tactics
- Price Behavior at Whole and Half Numbers
- Scalping Technique: Early Entries
- Level II Review and Scalping Strategies
- Additions to Your Intraday Toolbox
- Tick Charts
- Scalping Setups
- Boost Your Scalping Profit Potential
- Scalping Checklist
- Selling Short: Don't Sell It Short!
- The Shorting Process: How It Works
- Chart Patterns for Selling Short: What to Look For
- Bottom Line Shorting Strategies
- Center Point: Create a Prosperity Mindset
- Chapter 12-Love Your Losses: They're a Trader's Best Friend!
- Seven "Suicide Scenes": How to Avoid Them, Protect Your Principal, and Live to Trade Another Day
- Scene One: Stuff Happens
- Scene Two: The Good News, Bad News Roller-coaster Ride
- Scene Three: Drop the Stop Game
- Scene Four: How Not To Catch a Falling Knife
- Scene Five: Hey, Wait for Me!
- Scene Six: The Whipsaw Club
- Scene Seven: Going Ballistic
- Center Point: The Truth about Fear
- Chapter 13-Trading Survival Techniques
- The "If, Then" Mentality: How It Boosts You to the Ranks of Professionals
- Stay Aware of Big Picture Dynamics
- The Advance-decline Line as a Superb Storyteller
- Meet Another Storyteller: U.S. Thirty-year Treasury Bonds
- Other "If, Then" Settings
- Too Much Chocolate?
- Watch Out! It's Options Expiration Week
- Program Trading: A Jolt Out of the Blue
- Learn How to Change Gears
- Trading Day In a Capsule
- Where to Find Stocks to Trade
- Trading Fitness: Your Body, Your Mind
- Trading Rules to Prosper By
- Center Point: Live Consciously and Succeed!
- Chapter 14-The Future Is Now!
- Trading from the State of Overwhelm
- Microlist of High-caliber Financial Web Sites
- Pump and Dump
- Should You Take a Trading Course?
- In Conclusion
- Center Point: We Are All Connected
- Recommended Reading List
- Acknowledgments
- About the Author
- Index
- Copyright
