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Synopsis: Author and long-term investor Michael Sincere prefers to buy high-quality stocks, mutual funds, and index funds. Professional day trader Deron Wagner believes in short-term trading tactics. The Long-Term Day Trader combines these two seemingly conflicting strategies into a coherent game plan for all investors.
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Jacket Description: Long-Term Day Trader Is Not a Contradiction in Terms
Learn How to Use the Day Trader's Short-Term Strategies to Boost Your Portfolio's Long-Term Gains
What happens when you combine a traditional long-term investor with a highly aggressive day trader? You end up with a long-term day trader: a person who holds a stock longer than most day but sells faster than a traditional buy-and-hold investor.
The Long-Term Day Trader is the perfect guide to help you use the short-term strategies of the professional day trader to improve your long-term returns. It doesn't matter whether you are a short-term trader or a long-term investor. By using the most profitable tactics of the top day traders, you really can boost your long-term returns.
Author and long-term investor Michael Sincere (author of the best-selling 101 Investment Lessons from the Wizards of Wall Street) prefers to buy high-quality stocks, mutual funds, and index funds. Professional day trader Deron Wagner believes in short-term trading tactics. The Long-Term Day Trader combines these two seemingly conflicting strategies into a coherent game plan for all investors.
The Long-Term Day Trader can help you no matter what your style of investing. You'll learn
- How long-term investors can profit from the secrets of day traders. - How to find the trading system that fits your personality and meets your goals. - How to be a winning long-term day trader.
Why day traders lose money and how long-term day traders can avoid the pitfalls. The Long-Term Day Trader will teach you new ways to look at your investment portfolio. The short-term strategies you learn could provide a huge boost to your long-term investment returns with a minimum of capital investment. This book does not propose to be the answer to all your investment questions, nor does it promise to make you a millionaire within a few short months. It is designed to improve your long-term returns by utilizing the strategies and tactics of professional day traders-strategies that put only a small fraction of your portfolio at risk, while opening up the possibility of unlimited growth.
Michael Sincere began trading stocks through the Internet in 1994. As an early online trader, he initially lost a small fortune in the market and eventually won it back after researching and interviewing some of the top financial experts in the country. He wrote about what he learned in his first book from Career Press, 101 Investment Lessons from the Wizards of Wall Street.
Deron Wagner is a self-taught professional day trader with more than three years' experience day trading stocks. He is the head trader at a leading day trading firm and teaches monthly seminars on electronic, short-term trading strategies.
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Table of Contents: Contents
Introduction: Long-Term Day Trading 9
Section I: Getting Started 15
Section II: Short-Term Trading Rules 37
Section III: Interviews with Successful Short-Term Traders 133
Mark Cook 135 Barry Dorfman 147 David Nassar Linda Bradford Raschke 175 Oliver Velez 189
Conclusion: Final Thoughts 207
Appendix 209 About the Authors 213
Index 215
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