Unless a trading method is 100% objective in its rules and implementation, your odds of success will be limited.
This book discusses how to get started, from the technical indicators and charts that are needed, to how to analyse the market and stocks, from entries and exits and types of day trading strategies to money management tactics. The best-selling authors of The Electronic Day Trader have written another _must read_ for the growing population of day traders. Success in day trading is limited by the emotional responses that are born from subjective decisions.
Faced with the heightened volatility of the stock market, investors are increasingly attracted to day trading.
Electronic Day Traders Secrets is a compilation of interviews with 13 highly successful free agents. Imagine losing $180,000 before you_ve finished your morning coffee, or making $30,000 on a day that the Dow plunges 550 points. Electronic Day Traders Secrets cautions, however, that a career in day trading is risky, and newcomers should be prepared for significant losses. This book explains the psychology needed to be a successful day trader and gives many strategies and systems to get you started in the day trading game.
He has authored more than thirty-five books on trading, investing, investor psychology, and economic forecasts.
The group is a snapshot of the industry: All 13 traders are male, most are under 30 and most started out in the securities industry before giving it all up for the promise of electronic day trading. After four decades in the markets as a trader, analyst, author, educator, and system developer, Jacob Bernstein sets down a comprehensive guide to the art of day trading.
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