The Day Trader’s Course With Workbook: Low-Risk, High-Profit Strategies for Trading Stocks and Futures
$22.96
| Author(s) | |
|---|---|
| Pages |
396 |
| Format |
|
| Published Date |
2001 |
The Day Trader’s Course is packed with basic technical skill, proven winning strategies, and essential background. Lewis Borsellino reveals when to buy and when to sell, and shows readers how to identify when “it’s over” for a particular stock, option, or future. Drawing from his considerable experience, he identifies the rules that every trader should follow.
Author’s Introduction:
Trading is a profession unlike any other. It requires a unique set of skills and requires discipline all its own. No matter what your background, personal or professional, when you begin trading you must start at step one. My goal in writing this book is to give you an introduction into the discipline and techniques of trading. The lessons include the topics I feel are the most important for any trader, in any market: mental preparation, technical analysis, devising a trading plan, trade execution, and, above all, discipline.
The Day Trader’s Course contains lessons, especially of the psychological and emotional variety, as well as the techniques we use to trade in some of the most active and volatile markets in the world—namely the Standard & Poor’s (S&P) 500 and Nasdaq futures.
In Work Book (The Day Trader’s Course Workbook: Step-by-Step Exercises to Help You Master the Day Trader’s Course), we have put together a review of the mental and technical sides of trading. For the beginning trader, I believe this Workbook and The Day Trader’s Course it accompanies will serve as a good, solid introduction to the market and trading with a plan.
For those who already have been trading, this will serve as a refresher in some areas and remediation in others. Remember, no matter how long you’ve been trading—or how long you will trade—you can never stop learning. And always, always pay attention to the lessons that the market is teaching you.
Contents:
- The Mental Game
- Technical Analysis 101
- Technical Analysis 102
- The Myths, the Risks, and the Rewards
- Intraday Dynamics
- Stepping through the Trades
- Trading the Nasdaq
- After the Bell
The Day Trader's Course: Low-Risk, High-Profit Strategies for Trading Stocks and Futures With Workbook By Lewis Borsellino pdf
10 reviews for The Day Trader’s Course With Workbook: Low-Risk, High-Profit Strategies for Trading Stocks and Futures
Clear filtersOnly logged in customers who have purchased this product may leave a review.
Magnus Hensley (verified owner) –
In the world of books on trading, there are plenty that talk the talk, but can’t walk the walk. Lewis Borsellino can walk the walk and talk the talk because he has made a living by being one of the best pit traders in the world for over twenty years. If you want to learn how to day trade from a practitioner, I can’t imagine a better book than The Day Trader’s Course.
Journey Gentry (verified owner) –
Lewis Borsellino is one of the only local traders who can actually single-handedly move the entire futures market. Those who are lucky enough to live in the same city as him have been able to witness his brilliance as a trader year after year. In no uncertain terms, Lewis Borsellino might be the greatest futures trader of our time whose skills and innate ability to ‘feel’ key inflection points in the market have earned him tremendous success over the years and the utter respect of every trader who has ever shared the floor with him. Truly, having a trader of this magnitude share his experiences and secrets in this book is too valuable to overlook.
Shepherd Dixon (verified owner) –
No one in the world has done more battle in the trading pits than Lewis Borsellino. If you’re looking for theory, this is not the book for you. But if you want to learn how to trade in the real world, Lewis is your greatest teacher
Calliope Parra (verified owner) –
great
Alec Hernandez (verified owner) –
Good book. Must read . Not especially for indian market but for US. Good knowledge
For every trader . Must read
Sariyah Arias (verified owner) –
Here we go again, another trader joins the herd of new writers and “experts”!. The writer spends more time talking about his web site and himself than teaching how to trade !!. I managed to return this book and I got my dollars back. DO NOT BUY THIS BOOK, PERIOD!
Davion Frederick (verified owner) –
Hey, if you are like me and have a full-time job while you trade, then I think that you will find this book valuable. This is real world stuff from a real trader. I mean, if failure is the best teacher then this guy can has learned alot. In the book, Borsellino talks about how he worked over $4 million down to $100K and what he learned from it. That’s the best part about this book, lessons like that broken down into a simple set of rules to trade by. Another plus, Borsellino gives you his support and resistance levels every day on the S&Ps free on TradingMarkets.com!
Emir Ho (verified owner) –
Lewis Borsellino has earned a reputation as one of the greatest for his 20 years of pit trading at the Chicago Mercantile Exchange. Now that computers have brought trading to offices and homes around the world, Lewis is able to teach people lessons he has learned the hard way and that are as applicable now as they ever were. This book offers the essential ingredients that have given the author what it takes to become one of the best. Through Lewis’ real-world experiences, the virtues of mental preparation, technical analysis, devising a trading plan, execution and discipline, should hit home with clarity.
The first chapter of the book is dedicated to mental preparation, and the importance of fully understanding the basic truths about trading. Lewis has seen people from all types of professions think they can take what they have learned in their fields and apply it to trading. This is not the case. When Lewis shares his experiences, it is clear that the market requires a certain “frame of mind” that is like nothing else.
At one point in Lewis’ career, he had gained $4.5 million in profits, but saw it evaporate to only $100,000. From this loss, he learned that certain errors in his thinking were the culprits. For example, trading in big size may be good for the ego, but it can get you into situations that a poor market won’t accommodate for. As Lewis said:
“I couldn’t fling around hundreds of contracts to satisfy my ego or because people in the pit expected that of me. I had to trade what suited both my own plan and the market conditions. After that my trading was noticeably on track.”
With a proper mindset in place, a good trader needs a good plan to execute. Essential to Lewis’ plan is technical analysis. According to Mr. Borsellino, technical analysis, as far as drawing up the images, is the easy part; interpreting them is where the real expertise comes in. With this book as your guide, insight into what Lewis looks for in a chart will be made clear. The goal here is to identify the trend at an early stage and stay with the trend until it has ceased. Just learning the patterns will only get you so far, it takes the advice of a real pro to gain a superior edge in the markets.
The most important aspect of trading for Lewis is discipline. This means adhering to a plan, focusing on the trade, not the money, and goal setting. Without discipline, the best strategies in the world will fall apart. Knowing when, and when not to trade, as well as not letting matters outside of trading interfere with your decisions, are the results of practicing good discipline. This challenge is something even Lewis deals with now in his career. Through sharing personal experiences, the author gives tips and advice on how to incorporate good discipline, and to avoid common pitfalls that will wreak havoc on your account. Again, just being familiar with the importance of discipline is one thing, but having Lewis as your guide is a real treat.
I will admit that I am a trading book junky and find something to learn from just about everything I pick up. But this one comes from the perspective of one of the world’s greatest, and with co-author Patricia Crisafulli, this well-written read will help solidify what’s really important when it comes to obtaining success. As Larry Connors, CEO of TradingMarkets.com, puts it, “If you’re looking for theory, this is not the book for you. But if you want to learn how to trade in the real world, Lewis is your greatest teacher.”
Luis Luna (verified owner) –
This is exactly as described a how-to book for daytraders. There is a perfunctory rehash of the basics of technical analysis and execution systems. The material here is helpful as a stepping stone if the reader has never been exposed to the material but there is nothing groundbreaking presented. That alone is of interest to me. Here is a trader that has been successful on the floor with little more that a few support and resistance numbers in his head. It is clear from his book that you will make bigger profits if you understand the market, even if you invest little time reading the latest book from newest technical analyst.
There are sections about how to prepare for the trading day, the dynamics during the trading day and how to use time effectively after trading is done. Again, the material presented is basic in nature. Perhaps when a book is written with such a large scope, it would be impossible to add much depth to the various topics. Borsellino is a legend of trading. But I would recommend Schwartz’s Pit Bull over this effort.
Camila Ford (verified owner) –
read something else. poorly written and useless