Day Trading For Dummies

Ann C. Logue

John Wiley & Sons, Jan 28, 2014 - Business & Economics - 368 pages

In an ever-changing market, get the advantage of trading for yourself

Day trading is undoubtedly the most exciting way to make your own money. Before you begin, you need three things: patience, nerves of steel, and a well-thumbed copy of Day Trading For Dummies.

This plain-English guide shows you how day trading works, identifies its all-too-numerous pitfalls, and gets you started with an action plan. From classic and renegade strategies to the nitty-gritty of daily trading practices, it gives you the knowledge and confidence you'll need to keep a cool head, manage risk, and make decisions instantly as you buy and sell your positions.

• Expanded coverage of day trading resources and sites available
• Help choosing an online broker in the current market
• New trading products
• Updated information on SEC rules and regulations (and tax laws)
• New investment options
• Updated examples that reflect current market and economic conditions

Read Day Trading For Dummies and get the tips, guidance, and solid foundation you need to succeed in this thrilling, lucrative, and rewarding career!

Contents

• Getting Started with Day Trading Chapter 1 So You Want to Be a Day Trader: 115
• Introduction About This Book Foolish Assumptions Icons Used in This Book: 119
• 5: 123
• Following Market Indicators and TriedandTrue: 137
• Measuring Money Flows: 147
• Getting Started with Day Trading: 149
• Identifying Anomalies and Traps Bear traps and bull traps Calendar effects: 151
• Increasing Risk and Potential Return with Short Selling and Leverage: 161
• Looking for Easy Profits Navigating the Tricky: 177
• All About Accounts: 191
• Equipping to Day Trade: 207
• Researching Research Services: 215
• Stress Management in the Trading: 231
• Taxes for Traders: 243
• Doing Your Taxes Yourself: 249
• But Did You Make Money? Testing Tracking and Evaluating: 263
• Tracking Your Trades: 270
• Day Trading for Investors: 283
• Ten Good Reasons to Day Trade: 297
• Ten or So Good Reasons to Avoid Day Trading: 303
• Ten Common DayTrading Mistakes: 309
• Ten Tested MoneyManagement Techniques: 315
• Taking Money off the Table: 316
• Additional Resources for Day Traders: 321
• Index: 329
• Seeing What Day Trading Is: 16
• Planning to Succeed As a Day Trader: 23
• The trend is your friend: 41
• Stocks Bonds: 60
• Defining Trading Risk Reward and Timing: 75
• Its your life: 80
• Treasury bond market regulation Derivatives market regulation: 86
• Preparing for Rule Changes in Crisis Conditions: 94
• Gaining Advantage with a MoneyManagement Plan: 100
• 60: 101

About the author

Ann C. Logue, MBA, has more than a dozen years of experience working in financial services and has taught business administration at the University of Illinois. She is a finance writer who has written numerous articles on investment and has edited publications on equity trading and risk management.

Bibliographic information

• Title: Day Trading For Dummies; --For dummies
• Author: Ann C. Logue
• Edition: 3
• Publisher: John Wiley & Sons, 2014
• ISBN: 1118808088, 9781118808085
• Length: 368 pages
• Subjects: Business & Economics / Accounting / General; Business & Economics / Investments & Securities / Analysis & Trading Strategies; Political Science / Political Economy