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.
Author’s Note:
If you’ve read my first book, The Truth About Day Trading Stocks, then you’re well-prepared for this new, more technical application of my trading methodology. Before you get started, all you’ll need is awareness of the updates and modifications that have been added since 2008, and that vital information is here. For those who haven’t read The Truth About Day Trading Stocks, I recap the book’s major lessons in the first part of this book.
I designed this second book specifically to disclose my proprietary applications to intra-day trading stocks and swing trading stocks (equities). I have been trading since 1998, but I learned most of the applications here while trading on private equity floors near Wall Street. After I disengaged from private equity trading floors I began my own unique system that works for the relatively lower-capitalized independent day trader. After eight years of testing and trading with a high rate of success, I finally designed my own highly transparent trading system. In this book I show you precisely how I trade stocks by using both intra-day and swing strategies, and most importantly, by using their fusion. You will be introduced in Part 4 to my new term, Fusion Trading.
What is Fusion Trading? Think about it: you can’t place an intra-day trade without knowing where your swing levels are. Conversely, you can’t place swing trades without considering your intra-day levels. That interconnection is the core of my system and the secret to the Wall Street price levels: no guesswork, no indicators—nothing but real price levels. Your challenge is to know which price levels work best for you, and how many shares at each level. You may be tempted to apply what you learn here to live trades. That would be a huge mistake. Just reading about the system will not make you ready to use it. My goal here is to have you digest the information and see the potential for success, a potential that can’t be realized until after I’ve formally trained you.
- In Part 1, I address the permanent, ironclad focal points of The Truth About Day Trading Stocks. You’ll find instructions that must be hardwired into your trading psychology. These are prerequisites to learning the framework of my intricate current system. Hundreds of rules and procedures must be followed to the T.
- In Part 2, I introduce you to only the intra-day portion of the system. It’s critical that you start with intra-day, because you need to get in rhythm with your stock on that basis. I show you which level to trade, and why. You’ll learn several procedures and the mechanics of intra-day trading. You’ll learn why it’s crucial to not assume that you can trade the intra-day rules and strategies without knowing the swing trading system, and without knowing how to fuse them.
- In Part 3, you’ll learn the core swing trading methodology. Again, you’ll see why you can’t use one strategy without thoroughly knowing the other. The fusion of both is shown later.
- In Part 4, you will be introduced to Fusion Trading. I show examples of several trade setups that illustrate how important it is to know both intra-day and swing trade strategies. You’ll find that you have several options, such as intra-day trading only, swing trading only, or intra-day trading and swing trading on the same day.
- In Part 5, I offer several advanced rules and procedures. One is what I call pivot trading. I use this method to recapture any incremental losses in one single trading day due to a stop-loss exit on a portion of my overall position. I show you how, at the very next trading session, I get right back in at the same level or better.
- In Part 6, I demonstrate several examples of how you can easily screw this system up by throwing certain rules out the window. My main goal in this part is to drive the point home that this system takes weeks if not months of training with me before you are ready to go live. If it were up to me and not my editors, I would title this part: The Guy Who Thought He Could Trade This System without Being Formally Trained.
Contents:
- Control of Emotions and Mastery of Focus
- How Overconfidence Can Destroy Your Trade
- Dealing with Your Impatience
- KnowingWhen to Stop Trading
- Risk Management: Buying Power versus Capital
- Avoiding Overexposure to Market Risk
- Budgeting YourWay to Profitability
- A Realistic Look at Stop-Loss
- Day Trading Is Not Gambling
- Consistency Rules!
- News versus Noise
- When It Comes to Averaging Down, Amateurs Beware!
- What Stocks to Trade and Why
- Picking the Right Online Broker
- Basic Procedure
- Prior Price Levels and Newly Forming Intra-Day Levels
- Intra-Day Golden Rules: Entry/Exit Setups
- The Mechanics of FASTKEY Order Execution
- Introduction to Swing Trading: Basic Rules and Procedures
- Sample Swing Charting Setups
- Introduction to Fusion Trading
- Sample Fusion Trade Setups
- Maximizing Net Profits and Minimizing Losses on Overall Trade Setups
- My Trading Room and How It Works
- The Day Trader Josh Training Program
Day Trading Stocks the Wall Street Way: A Proprietary Method For Intra-Day and Swing Trading By Josh DiPietro pdf
Scott Hubbard (verified owner) –
Descent mean reversion method
Aitana Davidson (verified owner) –
This book can be reduced to less than 20 pages, but the author spends over 200 pages repeating himself.
The trading strategy that he mentions is all basic information that anyone can find online for free. There is nothing unique about this book.
And, there’s some general bad advice in this book like to not trade on earnings or important news of stock, which is not true. Traders can totally take advantage of stocks on a day that have a great earnings report.
Please save your money and buy a different book on trading.
Scarlette Reilly (verified owner) –
He has some good info but he sure puts a lot of useless info as well. I say half is good and half is useless. Is it worth 70$ nope but I do think if it was 30$ then sure.
Dante Lamb (verified owner) –
good
Roman Lawrence (verified owner) –
A friend told me about this book, and he was definitely right. Compared to other day trading books, this one is clear, concise and very easy to understand. Even if you’ve never done any daytrading (like me), this is a great place to start, and even better if you have tried day trading before and it was an absolutely horrible experience. It takes a different approach than other day trading methods, but it does work if you are willing to put in the work.
Ernesto Jones (verified owner) –
I am just a beginner to day trading stocks. I never read Josh’s first book, but his second book certainly educated me on the complexities of real day trading. At first I was overwhelmed by his Fusion Trading system, all its moving parts and rules, but the book is so well written and comprehensive that it made sense by the end. You definitely have to read the entire book to get the framework to the system. I plan on joining Joshs training program in the near future. I recommend this book to both beginners and advanced traders.
Aleena Kim (verified owner) –
I’ve had the opportunity to read several stock trading books and many of them are hard to follow and written as if you already know the in’s and outs. This book is excellently written and thoroughly explains the market, graphs, personal experiences and even the lingo that goes along with the stock market. If you’re looking for a great book to give you a good understanding of trading stocks and doesn’t mislead you then I highly recommend this book. This book definitely gets you headed in the right direction!!!
EXCELLENT BOOK and well worth the time to read!!!
Maurice Russo (verified owner) –
The past two years have been amazing, a wonderful turnaround, wiping out ten years plus of disappointing dismal trading history and FINALLY replacing it with a promising and hopeful future.
While there are lots of ways to trade the market, the system taught by Josh Dipietro was a fit for me.
Bottom line now -I consistently make money I A word of caution though, it’s not a free ride. He’s not selling lottery tickets! It’s hard honest work, and of course that’s the question you should be asking, does it work?
Get the book! It’s a small price to pay for a move that could change your financial future.
Nicole Maynard (verified owner) –
I realize now that I’ve been playing. Reading this book has given me insight (and strategies) to do it right. Here’s, what I think, is the best quote, hidden in Lesson 10:
“Unfortunately, the hard way is the only way that works. You will learn from your own mistakes. My job is to help you minimize those errors, and to offer advice and strategies that will help you start profiting, sooner.”
Audrey Raymond (verified owner) –
As a Millennial we were born into the technology era, accustomed to modernization and innovation … Day Trading Stocks the Wall Street Way exemplifies how combining various types of Trading styles can create a trading strategy that outperforms traditional vanilla platforms.
Fushion trading speaks to our generation with straight forward, non sugar coated expectations and realistic outcomes from a profitably stand point, which benefits from huge Wall Street price movements with a degree of consistency.
Fusion trading, helps illustrate the importance of knowing intraday and swing trading strategies and is the interconnection and the secret to the support & resistance levels arrived at daily on Wall Street…
The system takes the guess work and bogus indicators out of classic trading strategies and replaces it with real price levels, all done the Wall Street Way.
As Millennial I highly recommend this book and course offering as it has helped me achieve new trading heights and profitability in a consistent and gradual decree that allows for sustain growth and realistic monetary expectations.
Krew Horton (verified owner) –
No professional uses a martingale system. But others have tried.
Still interested?- read the authors comments… dear lord.
Archie Harvey (verified owner) –
Just started reading the book. Will update my review when I finish. However this is just a beware for new purchasers.
In the Author’s Note, the Dipetro says ‘This book is not a how-to. This book is your introduction. It’s meant to reveal why my training program lasts for one full year.’
Looking at his website, the training program costs $6000… !
Alvaro Ray (verified owner) –
This is the second of Day Trader Josh’s book set, and I mistakenly read it first, a while back. I rate it as highly as his first book, which I just read, which I also gave 5 stars. In this sequel, DTJ outlines more formulas and strategies that are practically fail-proof if you stick to them, and that’s the point: always to stick to them. He reiterates the importance of self-discipline and focus and offers great advice on how to achieve those strengths. With both books under my belt, I am now ready to work one-on-one with DTJ.
Amaia Cannon (verified owner) –
This book is wide-ranging in the topic it covers, with sections that focus on the investor’s mental agility (specifically on mastering the correct mindset, controlling one’s emotions, avoiding overconfidence, dealing with impatience, knowing when to stop trading, risk management, avoiding overexposure, avoiding looking at day-trading like gambling, etc.), investing nuts and bolts (what stocks to trade and why, picking the right online broker, etc.), and trading methodology (swing trading, fusion trading, etc.).
My main issue with the book is that right at the outset of the book, it’s mentioned that the system described is only meant to work when trading stocks between $100 and $250 stocks. Combined with the book’s positioning as only an introductory guide, it seems too much money to risk for a rookie trader. Everything else was very informative.
Taylor Pittman (verified owner) –
This book came up in my Vine queue and as I do dabble in stocks it piqued my interest. Normally we get advanced copies of a book but this one looks to be a first edition.
This book appears to be part of a series as the author refers to other books and training classes.
I’m stuck on how to rate this book. I’m thought perhaps 3 but I’m wondering if it should really be a two because…the beginning of the book the Authors Notes states this book will not adequately teach his intra-day trading and swing methodology. He goes on to further say do not attempt to trade any of the procedures and/or rules mapped out in this book. Get hands-on training from the author. At the very least the title should be different and more accurately describe what this book is as I can’t apparently day trade stocks the wall street way after reading this book.
Otherwise, the book is laid out well. I liked the way I can see the page lines along the outer edge of the book. Not sure if that was intentional or not. Writing is clear and understandable. Graphics and charts are clear and readable.
Landry Decker (verified owner) –
I have not taken Trader Josh’s trading course; this review is based solely upon reading the book.
The book is very well written, exceptionally organized, and flows naturally from chapter to chapter. I especially appreciated that the examples and graphics illustrate the points clearly.
This book is a general overview of a complex method of proprietary countertrend support and resistance trading based upon multiple time frames. Entries occur at extremely overbought and oversold conditions, and trades are legged into as the stock become more and more overbought and oversold, or the profit target is hit. There is a comprehensive set of entry and exit rules that minimize discretionary trading errors. Profit targets, entry levels, add on levels, stops, and reentry levels are clearly defined. Money management, proper selection of optimal stocks, and definition, as well as choice, of various support and resistance levels are key and are covered in detail. Trading opportunities are segregated by time of day very effectively, including the role of pre-market trading. Day, swing, and fusion trading are covered in depth. Fusion trading is the combination of day and swing trading to create more opportunities than swing trading alone, as well as more profit than day trading alone.
The material presented is generalized and the interested reader must use the information to further the genesis of their own approach, or consider training with the author.
Insight derived from this work gives a very different perspective than the more familiar indicator based trading. Most commonly employed trading methods are trend or mean reversion based, which have their own problems and both exist in a crowded playing field. Unfortunately, if you do the same things as everyone else, you are doomed to the same results as everyone else.
Countertrend trading poses many challenges and may not be suitable for all. This method requires hard work, discipline, and patience, but for those wanting a different less popular approach, this book may be what you are looking for.
Marie Humphrey (verified owner) –
Just have scanned and will look at this more in detail after I finish my current book. My first impression is not good. Looks like some good tips but repeatedly “warns” to not use the book without the seminar. So unless you are planning on spending $1,000’s on the seminar don’t buy the book.
Tinsley Decker (verified owner) –
Be very aware that the author states multiple times through out the book that you should not try to trade his system until you have spent a year in his online training/trading program. Yes, there is an additional charge for the online training. I’m not a fan of this book!
Ruth Blankenship (verified owner) –
So far very good! I’m new to day trading and glad I found this book and knowledge in Josh. I was looking for a straight forward, no nonsense explanation of the fundamentals of day trading and seems like I found it. The biggest thing I appreciate is the honesty of the material and that he’s not trying to sell you a pipe dream like so many other resources on day trading. I’ll update this review as I continue learning as I plan on starting the training with Josh soon!