DescriptionSammy Chua's DAY TRADE Your Way to FINANCIAL FREEDOM
Day Trade Your Way to Financial Freedom, Second Edition tells you everything you need to have--and know--to launch a successful and satisfying career as a stock trader. From behind-the-scenes details on market makers and Level II trading to the stock-picking strategies and trading techniques of today's top pros, renowned trader and trainer Sammy Chua shows you how to:
Use your Level II screen to look behind the action--and discover what the market makers are really doing
Interpret technical indicators to identify trends and accurately forecast pending reversal points
Stay in winning trades for the maximum possible profits, while avoiding huge losses that can cripple a trading program
New technologies and securities regulations make it the best time in history to become an independent day trader. But only you can make that first move. Let Day Trade Your Way to Financial Freedom, Second Edition give you the intelligence and confidence you need to become a successful day trader, and take control of your financial future.
CHAPTER ONE: An Overview.
The Stock Markets.
The Exchange System.
NYSE Time Lines.
The Specialist System.
Who’s Who on the Exchange Floor.
The SuperDOT System.
CHAPTER TWO: The Big Board and Nasdaq.
The Over-the-Counter Market (OTC).
NASD and Nasdaq.
Nasdaq Is a Negotiated Market.
Understanding Market Makers.
Information Is Power.
Nasdaq Service Levels I, II, and III.
Comparing the NYSE and Nasdaq.
Electronic Communications Networks (ECNs).
CHAPTER THREE: Brokerage.
Selecting a Brokerage.
Other Online Brokerage Features.
Types of Accounts.
Types of Positions.
Types of Trading Orders.
CHAPTER FOUR: Direct Access Order Entry System.
Order Execution Systems Review.
CHAPTER FIVE: Elements of Successful Trading.
Minimum Requirements to Begin Trading.
Psychology of Trading.
CHAPTER SIX: Trading Strategies.
CHAPTER SEVEN: Technical Analysis.
Identifying Support and Resistance.
Basic Chart Patterns.
CHAPTER EIGHT: Candlestick Charting Techniques.
Spotting Heavy Buying and Selling Pressures.
Comparing Buying and Selling Pressures.
Spotting Indecision with Candlesticks.
Understanding Intraperiod Activity.
CHAPTER NINE: Spotting Trends.
Key to Using Indicators.
Moving Average Convergence Divergence.
Relative Strength Index.
Futures and Pivot Points.
CHAPTER TEN: Preparing for the Open.
The Trading Day.
Do the Research.
Set Alerts and Trading Screens.
Other Market Indicators.
Direction of Market Trends.
Keep a Trade Journal.