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
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