In Start Day Trading Now, MarketWatch columnist and financial journalist Michael Sincere assumes you know nothing. Zip. Zero. Inside, he shows you how to get started and breaks day trading down by clearly explaining:
- What equipment you’ll need
- How much money is required
- How to choose a broker and set up a trading account
- Various day trading strategies
- How to manage risk
Introduction:
Before we begin, I want to thank you for taking the time to read my book. I’m delighted you’re willing to make the effort to learn more about day trading, a fascinating but often misunderstood way to make money. Be prepared to learn a lot of information in a short time period. I’ve included explanations and definitions of terms that may be unfamiliar to you in the book itself. These words, italicized in the text, are also included in a glossary at the back to help you keep informed.
In this part, I’ll show you how to set up an account and a home office, and how to use specialized tools to make your first trade. That’s the easy part. The hard part is using all of that information to increase earnings. Although you’re about to take an educational and entertaining journey, my ultimate goal is to teach you to become a better trader while helping you to manage risk.
Day trading, or intraday trading, is a method that works just like it sounds: you enter a trade involving one or more stocks (or another security) and exit the trade — which you’ve only held onto for seconds, minutes, or hours — by the end of the day. It’s only semantics, but in this book I often refer to day trading as a strategy. You could also call it a technique, style, or activity. The goal is to make a trade and exit with a profit —the sooner the better — and still get a good night’s sleep. Note to overseas readers: While the content of this book was written with the U.S. stock market in mind, the information included in this book can be applied to any stock market you trade on.
Contents:
- Learning the Business
- Reading Charts
- Interpreting Patterns
- Using Technical Indicators
- Making Your First Day Trade
- One Bad Trade
- Meeting the Pros
- Doing Your Homework
Start Day Trading Now: A Quick and Easy Introduction to Making Money While Managing Your Risk By Michael Sincere pdf
