The Day Trader’s Manual: Theory, Art, and Science of Profitable Short-Term Investing Presents day traders with a systematic and rational framework for decision-making in the futures, options and equities markets. Offers complete coverage of day-trading methods including price, time and volume analysis techniques, money and position management strategies, trading systems, computerized trading tactics and much more.
Introduction:
Although all traders can benefit from this book, every trader will benefit differently. For every 100 ideas contained in these pages, the beginning trader might learn and understand 80; the other 20 will probably be too advanced for him or her to immediately grasp.
The more experienced trader, who is conversant with the rudiments of day trading, might merely review the 80 basic ideas and concentrate on mastering 10 of the 20 advanced ideas.
Finally, the complete trader will read, understand, and master all 100 ideas. As an experienced generalist, the complete trader will be capable of integrating all the information offered into a total trading plan.
It will be worthwhile for you to learn as much as you can from this book, no matter what your background; but ultimately, all 100 ideas are necessary for successful trading. As an experienced trader, I can tell you that if even one key concept escapes you, that one will someday-given enough time in the markets-prove to be the Achilles’ heel that will cost you money in a trade. This Achilles’ heel, if not dealt with, will be the ultimate cause of your trading failure.
Contents:
- Time, Price, and the Day Trader
- Strategies for Profitable Day Trading
- Day Trading Approaches Defined by Market Action
- Chaos Theory and the Day Trader
- Tape-Reading Techniques
- Spread Trading
- Trading Market Profile
- Using Chart Patterns
- Mathematical Approaches to Day Trading
- Sequential Patterns in Day Trading
- Elliott Wave Theory and Day Trading
