Details

Day Trading Stocks the Wall Street Way

A Proprietary Method For Intra-Day and Swing Trading
Wiley Trading 1. Aufl.

von: Josh DiPietro
48,99 €
Verlag:	Wiley
Format:	EPUB
Veröffentl.:	11.08.2015
ISBN/EAN:	9781119150497
Sprache:	englisch
Anzahl Seiten:	256

In den Warenkorb

Als Gutschein

DRM-geschütztes eBook, Sie benötigen z.B. Adobe Digital Editions und eine Adobe ID zum Lesen.

Beschreibungen

Titelbeschreibung

Avoid bogus trading systems, learn from a real day trader, and make consistent profits day trading stocks Day Trading Stocks the Wall Street Way: A Proprietary Disclosure on Intra-Day Trading and Swing Trading Equities provides a real-world guide to successful day trading, and gives you the tools, techniques, and tested, reliable methods you need to trade like the pros. Written by a seventeen-year day trading veteran, this guide talks you down from the industry hype to give you a realistic grounding in self-discipline, consistency, and patience while teaching you the hard skills you need to have a real chance of success. Avoid losses by swerving from the typical beginner's path of seminars, software, and major brokerage houses, and instead develop the insights that lead to real, long-term profits. With an engaging and humorous tone, the author relates his own experiences and lessons learned to teach you the do's, the don'ts, and the ingredients for success. You'll discover Josh DiPietro's FUSION TRADING SYSTEM—a proven method developed from years of reliability testing. He'll show you how intra-day setups and swing trading setups can be merged to develop a perfect trade. The surest path to failure and tremendous financial loss begins with the over-eager, overly optimistic amateur trader who sees day trading as a quick and easy path to wealth. This book gives you a much more realistic outlook, and the fundamentals you need to make the most of the market. <ul> <li>Get an honest perspective on real-world day trading</li> <li>Gain the wisdom of experience and avoid common pitfalls</li> <li>Learn the framework to Josh Dipietro's profitable FUSION TRADING SYSTEM</li> </ul> A poorly defined trading approach will cost you more money than you will make, rendering your day trading venture a potentially damaging net loss. Day Trading Stocks the Wall Street Way: A Proprietary Disclosure on Intra-Day Trading and Swing Trading Equities teaches you the avoidance of loss, the discipline, and the transparent strategies of success, so you can play the market to win.

Inhaltsverzeichnis

Author’s Note xi Three Essential Prerequisites xiii Introduction xv Discovering Day Trader Josh xxv Acknowledgments xxxvii Part I Mastering Your Mindset Before You Absorb the System by Day Trader Josh 1 Lesson 1 Control of Emotions and Mastery of Focus 3 Lesson 2 How Overconfidence Can Destroy Your Trade 6 Lesson 3 Dealing with Your Impatience 8 Lesson 4 Knowing When to Stop Trading 10 Lesson 5 Risk Management: Buying Power versus Capital 12 Lesson 6 Avoiding Overexposure to Market Risk 15 Lesson 7 Budgeting Your Way to Profitability 18 Lesson 8 A Realistic Look at Stop-Loss 20 Lesson 9 Day Trading Is Not Gambling 23 Lesson 10 Consistency Rules! 26 Lesson 11 News versus Noise 28 Lesson 12 When It Comes to Averaging Down, Amateurs Beware! 31 Lesson 13 What Stocks to Trade and Why 33 Lesson 14 Picking the Right Online Broker 38 Part II Day Trader Josh’s Intra-day Trading Methodology 43 Chapter 1 Basic Procedure 45 The Best Stocks to Trade with My System 45 Additional Reasons Why You Should Take Only 15 Cents on Each Trade 49 Chapter 2 Prior Price Levels and Newly Forming Intra-Day Levels 53 The Basics of One-Minute Candlestick Chart Reading 55 Get Your Daily Price Levels Logged and Organized 67 What to Do After You Have Your List of Daily High Price Levels and Daily Low Price Levels 68 Log Your Prior Price Levels on a Whiteboard Before the Opening Bell 70 Now You Start the Five-Candlestick Counting Process 74 How to Count Five Minimum Candlesticks (Chart Analysis) 75 Notes, Reminders, Cautions, and Hints of the Lessons to Come 76 Chapter 3 Intra-Day Golden Rules: Entry/Exit Setups 78 The Rules Explained 79 Mastering the Three-Tier Max Strategy with 100-Share Block Trades 84 Understanding the Wisdom of 15-Cent Static Profits 86 Observing the Framework of Entry and Exit Strategy with Step-by-Step Procedures and Guidelines 88 Entry Strategy 90 Exit Strategy 91 The Wisdom of Using Strategy Stop-Loss 92 Chapter 4 The Mechanics of FASTKEY Order Execution 96 Using Your Keyboard Keys for Rapid Order Execution 96 Placing Orders Directly from a Level 2 Quote Chart (Direct Access) 97 Executing Real-Time Trades (Manual Limit Orders) 100 Scrutinizing Both Real-Time and End-of-Day Trades with Back-Testing 102 Part III Day Trader Josh’s Swing Trading Methodology 107 Chapter 5 Introduction to Swing Trading: Basic Rules and Procedures 109 Introducing the Ten-Day Hold Rule 111 How to Determine the First-Tier Swing Level 112 Understanding Entry and Exit Setup Rules 115 Two Key Swing Rules to Follow 118 Buying Power and Trading Experience Dictate Your Swing Strategy 121 Here’s the Good News! 122 Chapter 6 Sample Swing Charting Setups 124 The 5 Percent Bubble 126 Swing Trade Setups 129 Part IV the Fusion of Intra-day and Swing Strategies 137 Chapter 7 Introduction to Fusion Trading 139 Why Are They Not Mutually Exclusive? 140 Applying the Golden Rules 144 Deciding Your Trading Options: Intra-Day Only, Swing Only, or Fusion? 148 Chapter 8 Sample Fusion Trade Setups 150 Sample Fusion Trade # 1 152 Sample Fusion Trade # 2 156 Sample Fusion Trade #3: An Advanced Fusion Trade 160 Final Words on Fusion Trading 169 Part V Advanced Rules and Procedures 171 Chapter 9 Maximizing Net Profits and Minimizing Losses on Overall Trade Setups 173 What Is Pivot Trading? 175 Sideline Trading 178 Earnings Release Trading 181 Part VI Trading and Training with Day Trader Josh 187 Chapter 10 My Trading Room and How It Works 189 Chapter 11The Day Trader Josh Training Program 195 Program Details 196 Learning Objectives 197 What the Price Includes 199 Recap 199 About the Companion Website 200 My Final Words to Readers: Warnings, Reminders, and Prospects for the Future 201 Index 207

Autorenportrait

JOSH DIPIETRO is a professional day trader who started out in 1998, over seventeen years ago making the rounds at private equity trading floors in the Financial District of Manhattan. He is the author of The Truth About Day Trading Stocks, as well as numerous articles, all of which support his passion for educating tomorrow's trader. Josh operates his online trading room and coaching program, where he can be reached at www.EmailDayTraderJosh.com and www.DayTraderJosh.com or at 1399 9th Avenue #1211 San Diego, CA 92101.

Back cover copy

"Day Trading Stocks the Wall Street Way is all about Countertrend Trading. Josh DiPietro explains that concept in great detail—not just for intraday trading, but also for swing trading and a combination of both, called fusion trading. However, countertrend trading certainly is not for the faint of heart. One of the main traits you'll need is to not get scared when in the red while waiting for profit target to hit." —Marko Gränitz, TRADERS' Magazine Day Trader Josh DiPietro's exclusive fusion system for drawing consistent profits from the market Day Trading Stocks the Wall Street Way gives you the tools, techniques, and time-tested methods to day trade like a pro—with pro results. Specifically written to help aspiring traders avoid the pitfalls of seminars, software, and major brokerage houses, this practical guide provides an actionable plan for developing the hard skills and disciplined practices you need to achieve real success day trading stocks. Whether providing one-on-one instruction or presenting at major conferences, Josh's engaging and humorous style reveals the secrets to his fusion system of trading, which is easily accessible but sophisticated enough to gain a profitable edge in the market. Step by step, see how to execute daily trades, take small profits, exit losing trades quickly, and minimize transaction costs while you: <ul> <li>Establish realistic expectations for making a living day trading in the real world</li> <li>Gain the wisdom to profit from opportunities and avoid amateur mistakes</li> <li>Master the framework to Josh's sought-after fusion trading approach</li> </ul> If you're serious about trading to make a living, start Day Trading Stocks the Wall Street Way.