Learn to...Trade from Home or from a Day Trading Office -NASDAQ and NYSE strategies -Basic Technical Analysis* Safe, profitable trading tactics Written by an award-winning journalist, you’ll find instructions and tips easy-to-follow. Each end-of-chapter quiz reinforces vital topics. And it’s interactive-to get going online immediately.
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A Beginner's Guide to Day Trading Online contains all the tools, tips, and secrets you'll need to succeed in the highly profitable world of day trading. You don't nee to be an expert to get started using these step-by-step techniques, including:
- Setting up your home office with the right equipment
- Choosing an Internet broker
- Weighing the pros and cons of using a day-trading center
- Trading on margin-the right way
- Keeping a trading log
- Spotting easy chart patterns
- Winning Level II tactics
"Every new trader should buy A Beginner's Guide to Day Trading Online. Toni Turner takes a difficult subject-trading in the stock market-and makes it enjoyable and exciting to learn. I found the book to be highly compelling and a real page-turner. Don't start trading without it!"
- Fernando Gonzalez, co-author of Strategies for the Online Day Trader
"Toni Turner's information-packed guide leads you through
techniques and tactics you'll need to become a winning trader, and does it in an upbeat, easy-to-understand format. Read this book if you want to know how the market works and how to make it work for you:'
Greg Capra, principal of Pristine.com and co-author of Tools and Tactics for the Master Day Trader
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Table of Contents:
CHAPTER ONE-THIS AIN'T NO DRESS REHEARSAL! 1
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? Center Point. The Power of Commitment
CHAPTER TWO-WALL STREET: A VIEW FROM THE TOP OF THE SKYSCRAPER 7
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 Sunshine Market": How It Operates; Where You Come In; The Nasdaq-Amex, "The Market of Markets"; The Nasdaq Stock Market: How It Operates; Where You, the Trader, Come In; The American Stock Exchange, or Amex, The Ringmaster, CNBC, Center Point: Empower Your Personal Beliefs
CHAPTER THREE-DAY TRADING IS YOUR BUSINESS: LET'S SET IT UP THAT WAY 23
Your Day Trading Stash: A Reality Check; What Type of Trader Are You: Part-Time or Full-Time Jock? Trading Online with an Internet Broker: Which ,One Is Right for You? Advantages of Using a Level II Advanced Order Entry System; 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; Where Will You Trade: Your Home or a Trading Center? Paper Trading: Should You Do It? Center Point: Your Vision: Life's Invitation to Greatness
CHAPTER FOUR-THE WINNING MARKET MENTALITY THAT LEADS TO PROFITS 41
The First Commandment: Protect Your Principal; The Second Commandment: 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 FIVE-TRADING FUNDAMENTALS YOU'LL BUILD ON 59
The Market Has No Price or Time Limits; Fundamental vs. 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 SIX-TECHNICAL ANALYSIS 101: THE TREND IS YOUR FRIEND 81
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 SEVEN-CHOOSE A STOCK TO TRADE 115
How to Stay on the Right Side of Your Stock; Volume: A Simple Indicator, That Says a Lot, Volume Guidelines; Moving Averages, What They Are, How to Use Them; The Final Touch: The Commodity Channel Index; Center Point: Detachment, Pathway to Freedom
CHAPTER EIGHT-WHEN THE TOUGH GET GOING BEGINNING TRADER'S BOOT CAMP 141
Beginner's Boot Camp: Week One; Beginner's Boot Camp: Week Two; Center Point: The Power of Intuition
CHAPTER NINE-PLAN YOUR TRADE AND TRADE YOUR PLAN ... 163
How to Design Your Trading Logs; Viewpoint: Tops Down vs. Bottoms Up; Get Rich Slow; Money-Making Chart Patterns for Intermediate-Term Trades; Know Your Stop Before You Shop! Center Point: Practice Healthy Selfishness
CHAPTER TEN-THE SWINGING DAY TRADER 183
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 Losses (Sell Stops); Day Trading Setups: What You're Looking For; Day Trading Listed Stocks with Level II; Day Trading Nasdaq Stocks with Level II; SOES Trading on Level 11; You as the Market Maker;
The Ultimate Day Trading Scene; Center Point: Release the Past
CHAPTER ELEVEN-SCALPS AND SHORTS, OR THE QUICK AND THE DEAD 215
Nitty-Gritty Scalping Stuff; Scalping Setups; Money-Making Level II Strategies; Now That You've Got It, What Do You Do with It? Handy-Dandy Scalping Checklist; Selling Short: Don't Sell It Short! The Shorting Process: How It Works; Chart Patterns for Selling Short: What to Look For; Shorting Don'ts; Center Point: Create a Prosperity Consciousness
CHAPTER TWELVE-LOVE YOUR
THEY'RE A TRADER'S BEST FRIEND!
Seven Suicide Scenes: How to Avoid Them, Protect Your Principal, and Live to Trade Another Day; Center Point: The Truth About Fear
CHAPTER THIRTEEN-TRADING SURVIVAL TECHNIQUES 255
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 Day; Program Trading: A "Jolt out of the Blue," Learn How to Change Gears-Fast! Trading Day in a Capsule; Where to Find Stocks to Trade; Your Body, Your Mind; Trading Rules to Prosper By; Center Point: Live Consciously, Succeed Miraculously!
CHAPTER FOURTEEN-THE FUTURE IS NOW! 269
Microlist of High-Caliber Financial Web Sites; Trading with Online Teachers and Friends; Pump and Dump; Should You Take a Trading Course? Of Course! Quantum Leap into the Future; From Fractions to Decimals; Keep the Coffee Pot Brewing: Here Comes Twenty-Four-Hour Trading; Merger Mania Infiltrates Wall Street, New Trading Systems and You; Artificial Intelligence Software; Center Point: We Are All Connected
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