The Compleat Day Trader II

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McGraw Hill Professional, Jul 22, 1998 - Business & Economics - 232 pages
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The Compleat Day Trader II picks up where the Compleat Day Trader left off. Bernstein provides new trading strategies and techniques soecifically designed for the new breed of intuitive" traders, who create their own system, customized for their own trading styles and areas of effectiveness. The Compleat Day Trader II includes the most up to date strategies and systems for seizing hold of day trading success, including: A separate chapter detailing each system and method; Indicator formulas and system codes; The psychology of day trading.
 

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Contents

Observations
1
A Review of Market Timing Indicators
13
Art or Science
33
The 3OMinute Breakout
45
Day of the Week Patterns
63
Pros and Cons
77
Power of the Inside Day
81
Friend
87
Closing and Openings
119
Gap Methods for Day Trading
135
Accumulation Distribution Oscillator
155
The AdvanceDecline Derivative ADD
162
The Importance of Orders
169
The Psychology of Day Trading
179
The Day Traders Rules for Success
197
FAQs Frequently Asked Questions
213

A Rational Approach to System Development
94
What Markets to Day Trade?
111
Afterword
221
Copyright

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Page 111 - The reasonable man adapts himself to the world : the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.
Page 13 - I slept, and dreamed that life was beauty ; I woke, and found that life was duty. Was thy dream then a shadowy lie ? Toil on, sad heart, courageously, And thou shalt find thy dream to be A noonday light and truth to thee.
Page 215 - And I gave my heart to know wisdom, and to know madness and folly: I perceived that this also is vexation of spirit. For in much wisdom is much grief: and he that increaseth knowledge increaseth sorrow.
Page 199 - A PYTHON I should not advise, — It needs a doctor for its eyes, And has the measles yearly. However, if you feel inclined To get one (to improve your mind, And not from fashion merely), Allow no music near its cage ; And when it flies into a rage Chastise it, most severely. I had an Aunt in Yucatan Who bought a Python from a man And kept it for a pet. She died, because she never knew These simple little rules and few ; — The Snake is living yet.
Page 130 - Trades Total net profit Gross profit Total # of trades Number winning trades Largest winning trade Average winning trade Ratio avg win/avg loss Max consec. winners Avg...
Page 130 - Total net profit Gross profit Total # of trades Number winning trades Largest winning trade Average winning trade Ratio avg win/avg loss Max consec . winners Avg # bars in winners Max intraday drawdown Profit factor Account size required...
Page 58 - Open position P/L Gross loss Percent profitable Number losing trades Largest losing trade Average losing trade Avg trade (win & loss) Max consec. losers Avg # bars in losers Max # contracts held Return on account $ 0.00 $ -55050.00 66% 43 $ -2125.00 $ -1280.23 $ 470.90 4 3 1 910% Figure 4-12.
Page 87 - Give me a place to stand on, and I can move the earth (Sos /*ot irov o-™ KOL KIVW rrjv yrjv).
Page 33 - Truth lies within a little and certain compass, but error is immense. If we suffer our desires therefore to wander beyond these bounds, they wander eternally.

References to this book

About the author (1998)

Jake Bernstein is an internationally recognized author, trader, and researcher. He publishes the MBH Weekly commodity letter and, as the author of some 30 books and research studies, BernsteinŐs influence and renown stretch across the globe. He has been a frequent guest on Wall Street Week and scores of other radio and television programs, and is a popular speaker at investing and trading seminars.

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