1. Edition - October 2001
17.90 Euro
2001. 208 Pages, Softcover
- Handbook/Reference Book -
ISBN-10: 0-471-44299-2
ISBN-13: 978-0-471-44299-8 - John Wiley & Sons








Short description
The explosive growth and low cost of online trading has created a new class of investor who can now make a living buying and selling stocks over the Internet in a way that was once reserved for Wall Street's most powerful brokerage firms and investment banks. While technology has made entering the "major leagues" easy, staying in it is not. Before taking to the fast paced, high-risk playing field, it's absolutely essential that you have a firm grasp of the rules and a solid game plan. Day Trade Online is the play book novice competitors need to become strong contenders. Written by seasoned practitioner Christopher Farrell, it is a one-stop, step-by-step overview of how to make a successful living, whether full- or part-time, trading via the Internet.
Day trading online can be quite lucrative, but only if you know what you are doing. Covering everything from the basics to in-depth strategies, this straightforward guide provides the head start and heads up on the fundamentals, including the dangers and pitfalls of online brokers, which stocks to trade and which to avoid, sure-fire trading techniques, tips on trading NYSE vs. NASDAQ stocks, and a game plan for your first trade. Written for a day trader, by a day trader, Day Trade Online is indispensable reading for anyone looking to join an increasingly popular-and profitable-arena.
Christopher A. Farrell (New York, NY) heads Farrell Asset Management, LLC and is founder of the Farrell Preferred Stock Arbitrage Fund, LP. Since starting his own firm in 1997, Chris has traded over 15,000,000 shares of stock over the Internet, producing a 65% annual return for his investment fund in its first year. Before going out on his own, Chris was a trader on the preferred stock desk at Gruntal & Co. on Wall Street, and began his career as a bond trader at Olde Financial in Detroit.

From the contents
Preface.

Acknowledgments.

Introduction--Swimming with the Sharks.

SECTION I: THE WORLD OF THE DAY TRADER.

The Baptism by Fire: Preparing the Uninitiated for Their First Trade.

The Golden Age of Internet Day Trading.

SECTION TWO: INTRODUCTION TO DAY TRADING.

Trading 101: The Mind-Set of an Online Day Trader.

The Day Trader's Arsenal: Choosing and Using Online Brokers, Real-Time Quote Systems, and the Home Office.

Considerations for Quitting Your Job and Trading for a Living.

SECTION III: HOW TO BEAT WALL STREET AT ITS OWN GAME.

Price Takers versus Price Makers.

The Day Trader's Crystal Ball: Understanding the Bid-Ask Spread.

The Role of the Specialist on the New York Stock Exchange.

SECTION IV: TRADING FOR TEENIES: TAKING FOOD OUT OF THE SPECIALIST'S MOUTH.

The Day Trader's Secret Weapon: Exploiting the Bid-Ask Spread.

Prospecting for Gold in the Land of 1/16s.

SECTION V: TRADING THE MOMENTUM--DOW STOCKS, NASDAQ, AND EVENT-DRIVEN TRADING.

The Momentum Game.

Riding the Market's Momentum.

A Day Trader's Ticket to the Poorhouse: How I Managed to Lose $12,000 in Less than 24 Hours.

Index.