2. Edition - January 2009
25.90 Euro
2009. 188 Pages, Hardcover
ISBN-10: 0-470-39520-6
ISBN-13: 978-0-470-39520-2 - John Wiley & Sons






Sample Chapter

Detailed description
Praise from the First Edition

"If you've been thinking about joining the estimated five million online traders, then this book is for you."
-Amazon.com

"Successful at creating a realistic picture of the life of an online trader."
-Amey Stone, BusinessWeek

"Compared with many day-trading books, which seem to promise readers an easy road to riches, hedge fund manager Christopher Farrell injects a healthy dose of reality into this book."
-Forbes.com

"Useful descriptions of how the NASDAQ market maker system and the New York Stock Exchange specialist system work."
-Worth magazine

"My sincere wish is that when you, the reader, finish this book, you will never look at the stock market in the same way again. Once you see the market through the mindset not as an investor, but as a market maker, an NYSE specialist, you will view buying and selling in a way that you have never done before: from the perspective of the person taking the other side of your trade."

--From the Preface

When it was first published, Day Trade Online became a worldwide phenomenon and reached the Wall Street Journal, BusinessWeek, USA Today, and the New York Times business bestseller lists. Now fully updated for today's markets, Day Trade Online, Second Edition shows you how to short-term trade successfully from trading low-risk, low-volatility stocks to strategies and tactics for seeking greater reward through more risky opportunities in volatile stocks. Your comprehensive guide to trading online from start to finish including negotiating trade commissions to real-time quote systems, Day Trade Online, Second Edition shows you how to beat Wall Street at its own game. With an emphasis on simplicity, this book will get you started and keep you profitable.

From the contents
Preface.

Acknowledgments.

Introduction.

Section I. NSThe World of the Day Trader.

Chapter 1. NSExploiting the Excesses of Capitalism.

Section II. NSIntroduction to Day Trading.

Chapter 2. NSTrading 101: Buying on Bad News and Selling on Good News.

Section III. NSHow to Beat Wall Street at Its Own Game.

Chapter 3. NSExploiting Wall Street's Conflict of Interest: Market Orders versus Limit Orders.

Chapter 4. NSThe Day Trader's Crystal Ball: Understanding the Bid-Ask Spread.

Chapter 5. NSThe Role of the Specialist on the New York Stock Exchange.

Section IV. NSIntroduction to Scalping the NYSE: Taking Food out of the Specialist's Mouth.

Chapter 6. NSThe Day Trader's Secret Weapon: Exploiting the Bid-Ask Spread.

Section V. NSTrading The Market's Momentum: How to Profit From Volatility.

Chapter 7. NSExploiting Market Volatility and Momentum: Strategies For Trading the NYSE's Most Volatile Stocks.

Chapter 8. NSThe Day Trader's Ticket to the Poorhouse: How I Managed to Lose $12,000 in Less Than 24 Hours.

Appendix A. NSThe Day Trader's Arsenal: Choosing and Using Online Brokers, Negotiating Trade Commissions, Real-Time Quote Systems and the Home Office.

Appendix B. NSConsiderations for Trading for a Living: The Allocation of Trading Capital, Using Margin, and The Pattern Day Trader Rule.

Index.