Day Trading for Smart People
Mike Cerio (Author)
Download: $2.99 (as of 01/08/2013 17:47 PST)
Adult & Continuing Education
Day Trading for Smart People is a manifesto for the independent day trader, and a beginners guide to creating a winning day trading system of your own.
An opportunity to get a peek into the playbook.
Day Trading for Smart People is NOT an instructional manual in the traditional sense. It is NOT a “system” in and of itself, per say. Instead, it is an effort to strip away at the existing confusion within the independent trading world, and simply present some of the tools, tactics, and strategies that we have found useful in our trading careers. It is a “manifesto” (about 12,000 words) whose aim is to take a step back and give some perspective on the truth about trading for a living, and some insight into the many different ways you can profit from trading if you so choose.
This book with help to give you the necessary tools to begin on that journey, forming your own opinions about what makes sense for you, and how you decide approach the markets for yourself.
When we looked closely at what was working best in our own trading, we found that success rested on four pillars:
-Resisting the urge to “throw the first punch”
-Developing a scientific approach to our trading strategy
-Understanding trading psychology
-Tirelessly working at our craft
Each pillar enhances the others. Together, they’re much stronger than they would be if any of the pillars were missing.
Throughout this book we will return to each concept several times, building on what has gone before, so that as you go, you’re creating a solid structure and the groundwork for building a trading methodology of your own.
We’ll shed light on some of the best, most effective tools available today. What you build with them is up to you.
By the time you have completed this book you will have learned:
-Specific and actionable trading (not investing) techniques you can use immediately.
-How technical (not fundamental) analysis is used to build a weekly income stream.
-Why mechanical (not discretionary) techniques will “keep you eating” as you learn.
-To recognize, adopt and create your own “timeless” (and disregard transient) trading system(s).
-The power and profitability of reactionary (not predictive) trading.
It’s a brisk read, meant as a primer for cutting through the clutter and helping you to begin forming your own opinions on how best to approach the market, and meet your personal goals.
- Rank: #222249 in eBooks
- Published on: 2013-01-05
- Released on: 2013-01-05
- Format: Kindle eBook
- Number of items: 1
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