Author: Alexander Elder
Publisher: John Wiley & Sons
ISBN: 9780471592242
Category : Business & Economics
Languages : en
Pages : 308
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Book Description
Trading for a Living Successful trading is based on three M's: Mind, Method, and Money. Trading for a Living helps you master all of those three areas: * How to become a cool, calm, and collected trader * How to profit from reading the behavior of the market crowd * How to use a computer to find good trades * How to develop a powerful trading system * How to find the trades with the best odds of success * How to find entry and exit points, set stops, and take profits Trading for a Living helps you discipline your Mind, shows you the Methods for trading the markets, and shows you how to manage Money in your trading accounts so that no string of losses can kick you out of the game. To help you profit even more from the ideas in Trading for a Living, look for the companion volume--Study Guide for Trading for a Living. It asks over 200 multiple-choice questions, with answers and 11 rating scales for sharpening your trading skills. For example: Question Markets rise when * there are more buyers than sellers * buyers are more aggressive than sellers * sellers are afraid and demand a premium * more shares or contracts are bought than sold * I and II * II and III * II and IV * III and IV Answer B. II and III. Every change in price reflects what happens in the battle between bulls and bears. Markets rise when bulls feel more strongly than bears. They rally when buyers are confident and sellers demand a premium for participating in the game that is going against them. There is a buyer and a seller behind every transaction. The number of stocks or futures bought and sold is equal by definition.
Author: Andrew Aziz
Publisher: Createspace Independent Publishing Platform
ISBN: 9781535585958
Category : Day trading (Securities)
Languages : en
Pages : 0
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Book Description
Very few careers can offer you the freedom, flexibility and income that day trading does. As a day trader, you can live and work anywhere in the world. You can decide when to work and when not to work. You only answer to yourself. That is the life of the successful day trader. Many people aspire to it, but very few succeed. Day trading is not gambling or an online poker game. To be successful at day trading you need the right tools and you need to be motivated, to work hard, and to persevere.At the beginning of my trading career, a pharmaceutical company announced some positive results for one of its drugs and its stock jumped from $1 to over $55 in just two days. Two days! I was a beginner at the time. I was the amateur. I purchased 1,000 shares at $4 and sold them at over $10. On my very first beginner trade, I made $6,000 in a matter of minutes.It was pure luck. I honestly had no idea what I was doing. Within a few weeks I had lost that entire $6,000 by making mistakes in other trades. I was lucky. My first stupid trade was my lucky one. Other people are not so lucky. For many, their first mistake is their last trade because in just a few minutes, in one simple trade, they lose all of the money they had worked so hard for. With their account at zero, they walk away from day trading.As a new day trader you should never lose sight of the fact that you are competing with professional traders on Wall Street and other experienced traders around the world who are very serious, highly equipped with advanced education and tools, and most importantly, committed to making money.Day trading is not gambling. It is not a hobby. You must approach day trading very, very seriously. As such, I wake up early, go for a run, take a shower, get dressed, eat breakfast, and fire up my trading station before the markets open in New York. I am awake. I am alert. I am motivated when I sit down and start working on the list of stocks I will watch that day. This morning routine has tremendously helped my mental preparation for coming into the market. Whatever your routine is, starting the morning in a similar fashion will pay invaluable dividends.Rolling out of bed and throwing water on your face 15 minutes before the opening bell just does not give you sufficient time to be prepared for the market's opening. Sitting at your computer in your pajamas or underwear does not put you in the right mindset to attack the market. I know. I've experienced all of these scenarios.In How to Day Trade for a Living, I will show you how you too can take control over your life and have success in day trading on the stock market. I love teaching. It's my passion. In this book, I use simple and easy to understand words to explain the strategies and concepts you need to know to launch yourself into day trading on the stock market. This book is definitely NOT a difficult, technical, hard to understand, complicated and complex guide to the stock market. It's concise. It's practical. It's written for everyone. You can learn how to beat Wall Street at its own game. And, as a purchaser of my book, you will also receive a membership in my community of day traders at www.vancouver-traders.com. You can monitor my screen in real time, watch me trade the strategies explained in his book, and ask questions of me and other traders in our private chat room.I invite you to join me in the world of day trading. I'm a real person who you can connect with. I'm not just a photograph here on the Amazon site. I love what I do. You can follow my blog post under Author Updates on my Author page on Amazon. It's honest. You'll see I lose some days. You can read the reviews of my book. I know you will learn much about day trading and the stock market from studying my book. You can join at no cost and with no obligation my community of day traders at www.vancouver-traders.com. You can ask us questions. Practical, hands-on knowledge. That's How to Day Trade for a Living.
Author: Ross Cameron
Publisher: AuthorHouse
ISBN: 1504957733
Category : Business & Economics
Languages : en
Pages : 213
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Book Description
Success as a day trader will only come to 10 percent of those who try. It’s important to understand why most traders fail so that you can avoid those mistakes. The day traders who lose money in the market are losing because of a failure to either choose the right stocks, manage risk, and find proper entries or follow the rules of a proven strategy. In this book, I will teach you trading techniques that I personally use to profit from the market. Before diving into the trading strategies, we will first build your foundation for success as a trader by discussing the two most important skills you can possess. I like to say that a day trader is two things: a hunter of volatility and a manager of risk. I’ll explain how to find predictable volatility and how to manage your risk so you can make money and be right only 50 percent of the time. We turn the tables by putting the odds for success in your favor. By picking up this book, you show dedication to improve your trading. This by itself sets you apart from the majority of beginner traders.
Author: Dale Gillham
Publisher:
ISBN: 9780646985343
Category :
Languages : en
Pages : 216
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Book Description
Accelerate Your Wealth helps just about anyone take control to invest directly with confidence using simple DIY stock market investment strategies. From the bestselling author of How to Beat the Managed Funds by 20%, Dale Gillham provides another compelling book on why investors and traders should consider taking the bull by the horns and investing directly in the stock market. With Dale¿s no-nonsense approach to trading, millennials through to those in retirement, regardless of whether they are a novice or experienced investor or trader, gain the confidence and know-how to achieve their goal of profitably trading the stock market. With nothing to lose and everything to gain, those looking to accelerate their wealth learn to take control of their financial destiny and achieve financial independence with Dale¿s roadmap to master the stock market.
Author: Alexander Elder
Publisher: John Wiley & Sons
ISBN: 1118963679
Category : Business & Economics
Languages : en
Pages : 313
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Book Description
The best-selling trading book of all time—updated for the new era The New Trading for a Living updates a modern classic, popular worldwide among both private and institutional traders. This revised and expanded edition brings time-tested concepts in gear with today's fast-moving markets, adding new studies and techniques for the modern trader. This classic guide teaches a calm and disciplined approach to the markets. It emphasizes risk management along with self-management and provides clear rules for both. The New Trading for a Living includes templates for rating stock picks, creating trade plans, and rating your own readiness to trade. It provides the knowledge, perspective, and tools for developing your own effective trading system. All charts in this book are new and in full color, with clear comments on rules and techniques. The clarity of this book's language, its practical illustrations and generous sharing of the essential skills have made it a model for the industry—often imitated but never duplicated. Both new and experienced traders will appreciate its insights and the calm, systematic approach to modern markets. The New Trading for a Living will become an even more valuable resource than the author's previous books: Overcome barriers to success and develop stronger discipline Identify asymmetrical market zones, where rewards are higher and risks lower Master money management as you set entries, targets and stops Use a record-keeping system that will make you into your own teacher Successful trading is based on knowledge, focus, and discipline. The New Trading for a Living will lift your trading to a higher level by sharing classic wisdom along with modern market tools.
Author: Tim Morris
Publisher: ZML Corp LLC
ISBN: 1005775214
Category : Business & Economics
Languages : en
Pages : 114
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Book Description
―――――――――――― Here's a Secret Other Authors Won't Tell You... ―――――――――――― Day Trading is Hard and Most Day Trading "Educators" Don't Actually Day Trade! You heard that right! They don't make their money from stocks, but from the chatroom memberships, video courses, and monthly subscriptions they sell to you! Before we get started, let me first go over what I don't include in this book... • I have no "day trading" chatroom which charges your credit card each month for a service you'll never use. • I have no monthly website subscription service for "more advanced strategies" that are needed to get started, but not included in the book. • I have no Lamborghini I rented to put behind me in a video, or fake money on a table in front of me. What I do have is a book that will teach you how the day trading industry actually works, my own wisdom from being in the stock market for almost a decade, and strategies you can use to actually start day trading. Here's What You'll Learn In This Book: ━━━━━━▼━━━━━━ • Chapter 1: The Industry - In the first part of the book, I peel back the curtain and go over the actual day trading industry with you. I show you how so called "pro" traders are able to fake charts, statistics, and trades to make it appear like they actually make money day trading, when they really don't. I then go over the tactics they use to scam traders, and even a website which exposes all the fake educators. • Chapter 2: Terminology - Here we go over all the terms you'll need to know as we progress to through the book. Volume, chart types, indicators, order types... it's all covered! • Chapters 3 + 4: Pre-Trading Basics - In these chapters, I go over the basics of day trading. This includes what software and broker to use, finding mentors who you can refer to for help, and what the typical day in the life of a day trader looks like. I then show you how to set up your trading screen, what time frame to use, and the most beneficial types of stocks to trade. • Chapter 5: Day Trading Strategies - This is the heart of the book, and where I spend the most time. In this section, I give you 8 different strategies you can immediately start using to day trade. I include detailed explanations, charts, and examples so you know exactly how to implement the strategies I go over. • Chapter 6: Additional Advice - In the last part of the book, I give you my final bits of advice. This includes how to increase the probability of your trades, using a practice account, and more bits of wisdom I have learned over the years. ━━━━━━▲━━━━━━ I must admit to you, day trading is not easy and there is no guarantee of actually making it. However I feel this book gives you the best chance of actually getting started, as well providing a big picture of the day trading industry. If you've been on the fence about day trading, now is your chance to finally learn what it's all about! As a complimentary bonus, only for book buyers, you'll receive my special report titled Crush the Market! This report goes over 14 beneficial tips I have learned throughout my trading career that will help keep your account profitable in the stock market. If you want to learn the truth about day trading and are ready to get started, pick up your copy of How to Actually Day Trade for a Living right now!
Author: Dale Gillham
Publisher:
ISBN: 9780646446394
Category : Finance, Personal
Languages : en
Pages : 177
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Book Description
This fascinating book shows how, by simply investing in the some of Australia s biggest and strongest companies, you can not only achieve very profitable returns but also beat the managed funds by at least 20 per cent. In this updated and revised edition, Dale Gillham, one of Australia's most respected analysts has achieved a profitable return of 30 per cent consistently on the Australian share market. He provides a practical and easy approach to profiting consistanly from the share market with simple workable strategies including how to: select winning stocks to suit your trading style; construct a powerful portfolio that performs regardless of the market direction; successfully reduce your risk and increase your probability of making a profit; and accelerate your profits using leverage.
Author: Jesse L. Livermore
Publisher: Laurus - Lexecon Kft.
ISBN: 6155643083
Category : Education
Languages : en
Pages : 150
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Book Description
Born in 1877 Jesse Livermore began working with stocks at the age of 15 when he ran away from his parent’s farm and took a job posting stock quotes at a Boston brokerage firm. While he was working he would jot down predictions so he could follow up on them thus testing his theories. After doing this for some time he was convinced to try his systems with real money. However since he was still young he started placing bets with local bookies on the movements of particular stocks, he proved so good at this he was eventually banned from a number of local gambling houses for winning too much and he started trading on the real exchanges. Intrigued by Livermore’s career, financial writer Edwin Lefevre conducted weeks of interviews with him during the early 1920s. Then, in 1923, Lefevre wrote a first-person account of a fictional trader named "Larry Livingston," who bore countless similarities to Livermore, ranging from their last names to the specific events of their trading careers. Although many traders attempted to glean the secret of Livermore’s success from Reminiscences, his technique was not fully elucidated until How To Trade in Stocks was published in 1940. It offers an in-depth explanation of the Livermore Formula, the trading method, still in use today, that turned Livermore into a Wall Street icon.
Author: Bryan Lee
Publisher:
ISBN: 9781087863986
Category : Business & Economics
Languages : en
Pages : 138
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Book Description
Have you ever Heard about day trading? Have you ever considered giving it a go yourself? Do you know where to start?
Author: Jesse Livermore
Publisher: McGraw Hill Professional
ISBN: 0071709568
Category : Business & Economics
Languages : en
Pages : 263
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Book Description
The Success Secrets of a Stock Market Legend Jesse Livermore was a loner, an individualist-and the most successful stock trader who ever lived. Written shortly before his death in 1940, How to Trade Stocks offered traders their first account of that famously tight-lipped operator's trading system. Written in Livermore's inimitable, no-nonsense style, it interweaves fascinating autobiographical and historical details with step-by-step guidance on: Reading market and stock behaviors Analyzing leading sectors Market timing Money management Emotional control In this new edition of that classic, trader and top Livermore expert Richard Smitten sheds new light on Jesse Livermore's philosophy and methods. Drawing on Livermore's private papers and interviews with his family, Smitten provides priceless insights into the Livermore trading formula, along with tips on how to combine it with contemporary charting techniques. Also included is the Livermore Market Key, the first and still one of the most accurate methods of tracking and recording market patterns
