In an ever-changing market, get the advantage of trading for yourself
Day trading is undoubtedly the most exciting way to make your own money. Before you begin, you need three things: patience, nerves of steel, and a well-thumbed copy of Day Trading For Dummies.
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’ll need to keep a cool head, manage risk, and make decisions instantly as you buy and sell your positions.
* Expanded coverage of day trading resources and sites available
* Help choosing an online broker in the current market
* New trading products
* Updated information on SEC rules and regulations (and tax laws)
* New investment options
* Updated examples that reflect current market and economic conditions
Read Day Trading For Dummies and get the tips, guidance, and solid foundation you need to succeed in this thrilling, lucrative, and rewarding career!
Table of Content
Introduction 1
Part I: Getting Started with Day Trading 5
Chapter 1: So You Want to Be a Day Trader 7
Chapter 2: Planning to Succeed As a Day Trader 23
Chapter 3: Deciding What to Trade and How to Trade It 45
Chapter 4: Defining Trading: Risk, Reward, and Timing 69
Chapter 5: Regulation and the Modern Trader 81
Part II: Exploring Popular Day-Trading Strategies 97
Chapter 6: Managing Your Money and Positions 99
Chapter 7: Technical Analysis 101 115
Chapter 8: Following Market Indicators and Tried-and-True Day-Trading Strategies 137
Chapter 9: Increasing Risk and Potential Return with Short Selling and Leverage 161
Chapter 10: Looking for Easy Profits: Navigating the Tricky World of Arbitrage and High-Frequency Trading 177
Chapter 11: All About Accounts 191
Part III: Necessities and Niceties for Successful Day Trading 205
Chapter 12: Equipping to Day Trade 207
Chapter 13: Researching Research Services 215
Chapter 14: Stress Management in the Trading Day 231
Chapter 15: Taxes for Traders 243
Chapter 16: But Did You Make Money? Testing, Tracking, and Evaluating Performance 263
Chapter 17: Day Trading for Investors 283
Part IV: The Part of Tens 295
Chapter 18: Ten Good Reasons to Day Trade 297
Chapter 19: Ten or So Good Reasons to Avoid Day Trading 303
Chapter 20: Ten Common Day-Trading Mistakes 309
Chapter 21: Ten Tested Money-Management Techniques 315
Appendix: Additional Resources for Day Traders 321
Index 329
About the author
Ann C. Logue, MBA, has more than a dozen years ofexperience working in financial services and has taught businessadministration at the University of Illinois. She is a financewriter who has written numerous articles on investment and hasedited publications on equity trading and risk management.
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