Day Trade Part-Time Review
Posted by
Michelle McGhee
on 5/09/2012
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Labels:
day trading,
discipline,
investing,
psychology,
risk management,
stock market,
swing trading,
technical analysis,
trade,
trading psychology
Average Reviews:
(More customer reviews)When John and I started trading, we found such a confusing mess of information that we had a very difficult time getting started. And it was an expensive time because we had no clear direction or path to take. We wrote this book to serve as a mentor to people who want to give day trading a try, but don't want to "quit their day job" or lose their life's savings to do it.
Day trading is not, and should never be, gambling. In times of extreme market volatility, it can be your most conservative investment style. Understanding and using the principles of day trading can be a safe alternative to a "buy and hold" strategy when the markets are in a zig-zag pattern up and down. With the technology stocks going up 10 points one day and down 10 the next, a careful day trader can capture a piece of that variability each day, whereas a "buy and holder" would be net flat and probably developing a considerable ulcer. Everyone interested in stocks should know enough about day trading to understand good intraday entry points, even if they are primarily investors.
This book is meant to act as your guide - helping you take each step in the learning process toward becoming a successful part-time day trader. We show you how to find a broker, what software you need, what books to read, what web sites to look at, what training course you need, and give you guidance on how to put it all together.
Most important, we tell you everything that can go wrong! And we show you how to practise without risking any of your hard earned money. This is not a get-rich quick scheme. It is an approach that will enable you to capture the daily variations in the market.
John and I were not hedge fund managers. We were not stock brokers. We were just regular people like most of you that wanted to find a way to make a little extra money. We know what regular people "don't" know - we don't assume you have Wall Street Knowledge. We talk to you like we wish someone had talked to us. And we give you examples of the things we went through so you can learn from our experiences and not have to repeat our mistakes.
We wish you much success. Jeanette
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