Cover image for Digital day trading : moving from one winning stock position to the next
Title:
Digital day trading : moving from one winning stock position to the next
Author:
Abell, Howard.
Personal Author:
Publication Information:
Chicago, Ill : Dearborn, 1999.
Physical Description:
xiii, 269 pages : illustrations ; 24 cm
Language:
English
ISBN:
9780793131136
Format :
Book

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HG4515.95 .A23 1999 Adult Non-Fiction Central Closed Stacks
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Summary

Summary

Shows readers how to set up a professional operation for day trading stocks from start-up, how to profit from short term price movement in the equities market and how to cultivate profits through market discipline, money management and adherence to a proven trading strategy.


Reviews 1

Booklist Review

Within the subject of investing, the big buzz is over day trading. A day trader is someone who establishes a market position at some point during the day but who exits the position before the close of day. Day traders make money by making a lot of trades that take advantage of even small fluctuations in price. They also have the benefit of not having to worry about events that take place after the market closes that may have an effect on prices. The volatility of the market and the ready market access afforded by online trading accounts have made day trading an attractive option. Abell is an executive with the Innergame Division of Rand Financial Services, a Chicago-based futures clearing member. His advice assumes a basic knowledge of the technology necessary for online investing. He provides step-by-step guidance on getting set up and describes various trading strategies and tactics. Abell emphasizes the need for a personal strategy and a business plan, stressing that no system is perfect. (Reviewed May 15, 1999)0793131138David Rouse


Table of Contents

Prefacep. ix
Acknowledgmentsp. xiii
Part 1 Psychological and Strategic Considerations
1. The Day Trader's Advantagep. 3
2. The Psychology of Successful Day Tradingp. 15
3. Strategy and the Overall Game Planp. 31
Part 2 Trading on a Level Playing Field
4. Competing with the Market Makersp. 39
5. Interview with David Jamailp. 51
6. Interview with Stuart Shalowitzp. 63
7. Interview with Andy Kershnerp. 71
Part 3 Technical Analysis and Day Trading
8. Technical Considerationsp. 89
9. The Digital Day Trading Methodp. 107
Part 4 Principles of Successful Day Trading
10. How Winning Traders Thinkp. 167
Appendix A Major Stocks Traded: Nasdaq 100 and SandP 500p. 177
Appendix B Electronic Trading Platform: TradeCast 3.0p. 197
Glossaryp. 257
For Further Readingp. 261
Indexp. 263
About the Authorp. 269