The Guts and Glory of Day Trading

The Guts and Glory of Day Trading

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Jump Into the Day-Trading Trenches and Sharpen Your Own Survival Skills Every battle has its winners and losers. Every day, thousands of day traders take their battle positions in front of their computers to go head to head against the world's best, and most powerful, trading institutions. There are casualtiesa€”many casualties. But there are also victoriesa€”moments when an individual trader reaches the pinnacle of our capitalist system to take a profit from the market. Making money isn't easya€”with a 75 to 90 percent failure rate, only the strong survive, and only the most savvy live to trade another day. But despite the negative press, a wildly unpredictable market, and the possibility of losing their shirts on any given trading day, these market mercenaries continue to trade, and day trading continues to grow as a profession. What drives them? How do they do it? What are their secrets? In The Guts a Glory of Day Trading, you'll read the astounding stories of those traders who have been skilled enough to make significant money, and the gut-wrenching dramas of those who were unfortunate enough to lose vast fortunes. Whether you're a trader yourself or just a casual investor, their stories and strategies will keep you on the edge of your seat. The valuable lessons from this trading dozen tell more than just the pits and peaks of stock trading. They teach the survival skills and tactics necessary to live to trade another day. You can learn how to improve your own trading or investing techniques by learning what most of them did righta€”and what some of them did wrong. qAn excellent successor to Jack Schwager's Market Wizards. I highly recommend it to anyone serious about trading and investing.q a€”Zhiwu Chen, professor of finance, Yale University School of Management qMark Ingebretsen subtly debunks the worst day-trading stereotypes. The stories offer real-life lessons that any trader can profit from.q a€”Jamie Heller, editor-at-large, qInvaluable reading for anyone who considers making money in the stock market a priority.q a€”Kris Skrinak, general manager, 176 indicators, 250 momentum signaled by, 109 technical analysis and, 89-91 watching for changes, 274 Wall Street ... 97, 271 Winners, backing, 253-254 Wired magazine, 238 Workaholic habits, 259 XAU options, 28-29 Xerox, 210 Yahooanbsp;...

Title:The Guts and Glory of Day Trading
Author:Mark Ingebretsen
Publisher:Prima Lifestyles - 2001


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