Winning the Day Trading Game offers an insider’s view of the trading life and provides proven strategies for profitable trading. Professional trader Tom Busby explains how the strategies that made him so much money early on in his career ultimately failed during the 1987 stock market crash and then reveals how he reinvented himself as a high-percentage day trader.
Introduction:
Trading is risky business that involves a great deal of discretion and skill. Accurate market analysis, correct execution, emotional con-trol, discipline, consistency, and good money management are some of the skills that are required to trade successfully. In addition, there are times when any method, even when executed correctly, will result in a loss.
A great deal of effort has been made to insure that the information pre-sented in this book is correct and accurate. However, we are all human and mistakes can always be made. The information and techniques presented have been helpful to me. However, I cannot and do not guarantee or assure you that they will work for you. I hope that you will find some of the ideas useful. In fact, I hope that your trading will be both more enjoyable and more profitable as a result of the information and ideas presented.
Before you trade, be sure that you can afford to lose the money that you are risking. Always limit your risk first and worry about taking profits second. I make money with this method, but past results are never a guar-antee of future results. Enjoy the book and trade with care.
Contents:
- The Crucible: Black Monday
- Time Is Central
- Trading Is a Numbers Game
- Read the Tape
- There’s No Crying in Trading
- Riding the Rail
- Worry about Risk, the Rewards Will Come
- Respect the News
- Getting Down to Brass Tacks
- Preparation Pays
- A Study in Contrast
- Recap the Essentials
- An Afterthought for Consideration:The Doctrine of Genius
