The Long-Term Day Trader can help you use the short-term strategies of the professional day trader to imprive your long-term returns. It doesn’t matter whether you are a short-term trader or a long-term investor. By using the most profitable tactics of the top day traders, you really can boost your long-term returns.
Author’s Note:
It took awhile before I actually believed that you could make money as a short-term trader. After all, I grew up in a family of stockbrokers who instilled in me an almost religious belief in the importance of a long-term buy-and-hold strategy. While acquaintances of mine were flitting in and out of the market with various degrees of success, I watched the value of my investments, especially my mutual funds, multiply and grow. It seemed so easy it was almost embarrassing.
And yet I’d often meet extremely successful short-term traders who made my long-term returns look like a joke. I saw evidence of 150 percent returns, 200 percent returns. A 33-year-old California woman named Wendy Miele gave up practicing law for trading and in one year turned $5,000 into $250,000. Like many people, I believed the media reports that characterized day traders as bleary-eyed, burned-out zombies who could blow up at any minute. Actually, I discovered that most are honest, hard-working people quietly making a living at something they truly love.
After months of research, including a week of training in day trading, I’ve concluded that there is a lot of confusion about the true meaning of day trading. As far as many people on Wall Street are concerned, anyone who doesn’t use a stockbroker is a
Contents:
- Introduction: Long-Term Day Trading
- Section I: Getting Started
- Section II: Short-Term Trading Rules
- Section III: Interviews with Successful Short-Term Traders
Mark Cook
Barry Dorfman
David Nassar
Linda Bradford Raschke
Oliver Velez - Conclusion: Final Thoughts
The Long-Term Day Trader: Short-Term Strategies to Boost Your Long-Term Profits By Michael Sincere, Deron Wagner pdf
Pablo Mercado (verified owner) –
There are so many investment books on the market that are overly technical. This book was easy to read and it’s concepts easy to implement. This book brings common sense to the world of short term trading.
August McCullough (verified owner) –
The book was presented in a logical way for begineer in shares day trading. However, some computer models mentioned in the book was out of dated.
The principles of day trading is clearly written and easily understood.
Monroe Kane (verified owner) –
I think this is the ultimate guide to day trading. This is the simplest method that can be followed by beginning and experienced day traders. They give you the real inside tactics with no double talk. This system has kept me trading for 2 years now.
Brock Keith (verified owner) –
Most books that I have read are written for either traders orinvestors. This book successfully defines a new type of marketparticipant, The Long Term Daytrader. It has great insightfulinterviews with Wall Street’s newest stars. I’d recommend this book for anyone who has money in the market whether it be individual equities or mutual funds.
Mckinley Villa (verified owner) –
This the type of book that benefits one early in one’s trading process and merits re-reads after more experience. While there is very little from the technical point of view, the practical, “real world” advice rings very clear. People often buy books that are too complicated for their current level of understanding. Accordingly, they acquire more “knowledge” but not more understanding. Confusion can lead to a lot of lost money in trading. Thankfully, this is not such a book. It deserves a permanent place on the traders and investor’s bookshelf.
Brantley McPherson (verified owner) –
I had been thinking about trying to learn more about online trading when I saw the authors on ABC World News Now. They seemed to know what they were talking about and talked in plain English instead of ‘insider’ jargon. And that’s how they wrote their book, too.
Not having a lot of experience with the stock market previously, their book taught me ‘from the bottom-up,’ so to say, by introducing and explaining basic investing concepts before addressing the online aspect and their own philophy toward long-term day-trading.
I like the calculated, intelligent approach they advocate as opposed to advancing a high pressure, sure-fire get rich quick scheme which some other books I’d browsed seem to propose.
The book made me feel more confident in my decisions, and even helped me feel more confident simply discussing the stock market and investing.
The best thing one can say about a book is that you’ve recommended it to others, and I’ve done so with several family members and friends. I also highly recommend it to anyone considering entering day-trading. This book will show you the ‘slow and steady’ wins the race philosophy that will continue bringing you returns after the get-rich crowd are jumping onto the next bandwagon!
Aria Sandoval (verified owner) –
This book is mainly for beginners, and offers a good introduction into investing.
Elyse Stephens (verified owner) –
I was looking for a book like this to help me with setting up trades. It was well written and very informative. Can’t wait to try some of the techniques.
Clay Sanchez (verified owner) –
If you are unfamiliar with day trading, then this book provides a solid conceptual overview for you. If you already know the basics and are looking for something with more specifics and greater mathematical vigor, then this isn’t the book for you.
The book is well-written and easy to read. The continual focus on using computers and the Internet got to be tiresome, but this is primarily due to my background in both subjects. Others should find his coverage of these topics worthwhile.
Overall, a nice intro book that leaves a craving for more detailed information. Hence, this is not a book I would carry around as a reference or a guide.
Dalary Higgins (verified owner) –
I was never really interested in trading, but wanted to learn a bit about it so I decided to buy this book since it looked like it might bridge the gap between investing and trading. The writing style is very accessible and the authors clearly discuss the diferences between trading and investing. In this respect, it met my expectations. However, I felt that the book was nothing more than a set of “rules of thumb” that were cobbled together in a book. I certainly enjoyed the read, but the lack of well defined rules makes me reluctant to try the methods discussed. I was even more disappointed to find that the authors mention that these methods are “statistically proven”, but never present any of these proofs. If you are interested in learning more about trading this book might be worth a quick read, but I’d recommend finding something more technical if you really want to take a quantitative approach to trading.
Sariyah Page (verified owner) –
Read the book – a little simple and short, but worth the read. Recommend for anyone looking to swing trade.
Messiah Parra (verified owner) –
Great book. I mean great. I learned so much from this read and it even provided some tips. My trading has improved so much more since reading this book. On top of everything, I couldn’t put the book down. It was so interesting.
I am still giving it a 5 star. But the interviews at the end of the book were very boring and not helpful. I think it is best to have a good bit of objectivity on this topic and those interviews were very anecdotal and not typically of regular experiences. Also, two of the people interviewed were very arrogant, did not appreciate the tone.
Beside that the book is great, you can just skip the interviews at the end.
Briar Frederick (verified owner) –
I have read over 75 books on trading and I can honestly state this book is out of date. It still uses fractions in price quotes. I almost quit reading the book during the first section. Anyway I got through the first section and was glad I did… The best part of the book was the middle section on trader’s rules. I did not like the interviews very much. I would recommend New Market Wizards by Jack Schwager for interviews with great traders. All in all I would not buy this book given what I know now.
Sterling Valentine (verified owner) –
Good Book