The Ultimate Day Trader: How to Achieve Consistent Day Trading Profits in Stocks, Forex, and Commodities
Day trading is difficult. The path is fraught with risk. But a pot of gold awaits those who learn their lessons well. After four decades in the markets as a trader, analyst, author, educator, and system developer, Jacob Bernstein sets down a comprehensive guide to the art of day trading. You will learn:
- New day trading methods
- Order entry strategies
- How to avoid costly errors when using electronic trading platforms
- Detailed strategies to maximize profits
With this book, readers will have the complete guide they need to profit from this risky but exciting field. Trading profits are just a day away.
Unless a trading method is 100% objective in its rules and implementation, your odds of success will be limited. Success in day trading is limited by the emotional responses that are born from subjective decisions. This book explains the psychology needed to be a successful day trader and gives many strategies and systems to get you started in the day trading game. This book will also help day traders that need to begin to win on average.
About the Author
Jacob Bernstein (Santa Cruz, CA) is president of MBH Commodity Advisors Inc. and Bernstein Investments Inc. He has authored more than thirty-five books on trading, investing, investor psychology, and economic forecasts. His newsletters and advisory services are read internationally by traders, investors, brokers, financial institutions, and money managers. Bernstein?s consulting clients include some of the largest hedge funds, brokerage firms, market analysts, banks, and professional traders in the world.
by Nicolas Darvas
Nicolas Darvas wrote “How I Made $2,000,000 in the Stock Market” in 1960, shortly after he had made over $2,000,000 trading stocks in a little over 18 months. But the story starts in 1952, when Darvas, a ballroom dancer by profession, acquired his first stock in a Canadian mining company almost inadvertently. He sold it at a profit, and he was hooked. But Darvas knew nothing about the stock market. He learned everything the hard way, and that’s what makes this book interesting. Darvas is a colorful, overbearing, but frank character, and he takes us through his quest to figure out how to make money in the stock market step by painful step.
Darvas divides his learning experience into 4 parts. At first he was “The Gambler“, acting on tips and impulses. That failed. Then he got serious and became “The Fundamentalist“, reading annual reports, listening to analysts, and investing accordingly. That failed. So he became “The Technician“, developing his own method of anticipating a rise in stock price, which he called “box theory”. He wasn’t losing much money, but he wasn’t making much either. Finally Darvas devised a method of predicting stock price movement that incorporated all of his hard-learned lessons. He became “The Techno-Fundamentalist“. He selected stocks based on earning prospects for their sector, but bought the leaders in their sector only when price movement looked promising according to his box theory.
How did a world-famous dancer with no knowledge of the stock market, or of finance in general, make 2 million dollars in the stock market in 18 months starting with only $10,000? Darvas is legendary, and with good reason. Find out why
by Michael Sincere
Start Day Trading Now:
This is the most basic guide to day trading, aimed at people who know nothing about it. Faced with the heightened volatility of the stock market, investors are increasingly attracted to day trading. But many know little or nothing about this difficult art. They risk losing their money in the arena, but if they allow themselves to be intimidated, they may miss the chance for significant profits.
This book discusses how to get started, from the technical indicators and charts that are needed, to how to analyse the market and stocks, from entries and exits and types of day trading strategies to money management tactics. Most important, Yes! YOU Can Day Trade shows how to master the psychological aspects of intraday trading. The writing is educational and entertaining, aimed at beginners who welcome a light writing style, especially when introducing technical concepts.
The best-selling authors of The Electronic Day Trader have written another _must read_ for the growing population of day traders. Electronic Day Traders Secrets is a compilation of interviews with 13 highly successful free agents. The group is a snapshot of the industry: All 13 traders are male, most are under 30 and most started out in the securities industry before giving it all up for the promise of electronic day trading.
The tales are fantastic. Imagine losing $180,000 before you_ve finished your morning coffee, or making $30,000 on a day that the Dow plunges 550 points. These traders have experienced it all, and none is planning to change careers soon. The interviews reveal there is no single strategy for successful day trading. Each traders madness has its own method, and this page-turner tells all.
The success of the men profiled is almost enough to make you quit your day job. Electronic Day Traders Secrets cautions, however, that a career in day trading is risky, and newcomers should be prepared for significant losses. But just as in Vegas, there_s always a chance that the next hand will be a winner.
“Elliott Wave Principle is such an important, fascinating, even mind-bending work, we are convinced that it should be read by any and every serious student of the market, be they fundamentalist or technician, dealing in stocks, bonds or commodities”.
Market Decision This text refers to an out of print or unavailable edition of this title.
If you are interested in technical or wave analysis, it should be required reading. This book is extremely well done. It is clear, brief and bold….by far the most useful and comprehensive for both the beginner and the veteran.
“Elliott Wave Principle is such an important, fascinating, even mind-bending work, we are convinced that it should be read by and and every serious student of the market, be they fundamentalist or technician, dealing in stocks, bonds or commodities.” Market Decisions
“Even allowing for minor stumbles, that 1978 prediction must go down as the most remarkable stick market prediction of all time.” James W. Cowan, Monitor Money Review
Recipient of the Technical Analysis Association’s Award of Excellence