"Read the book if you want to know how the market works and how to make it work for you." Greg Capra, president of Pristine.com, coauthor of Tools and Tactics for the Master Day Trader
"By using the tools, trading tactics and strategies revealed in...A Beginner's Guide to Day Trading Online, you will be armed with the skills needed to help you win your battle with the markets." Steve Nison, CMT, president, www.candlecharts.com, author of Japenese Candlestick Charting Techniques
"Read this book, and, two, reread this book. It will help you achieve your trading goal, which is to make money in the markets. Every trader, from a beginner to the advanced professional, should have this book!" John Person, CTA, president, Nationalfutures.com
"There are only a handful of trading educators that I would recommend listening to and...Toni Turner is one of them." Hubert Senters, www.tradethemarkets.com
Day trading is highly profitableand highly tumultuous. Moreover, the financial markets have changed considerably in recent years. Expert author Toni Turner gives you the latest information for mastering the markets, including:
- Decimalization of stock prices
- New trading products such as E-minis and Exchange Traded Funds (ETFs)
- Precision entries and exits
- The new breed of trader
Written in an accessible, step-by-step manner, A Beginner's Guide to Day Trading Online, 2nd Edition shows how to day-trade stocks in today's market.
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Table of Contents
This Ain't No Dress Rehearsal! 1
Benefits of Day Trading: The Good News
The Flip Side: Wall Street Takes No Prisoners
What Does a Day Trader Look Like?
To Trade or Not to Trade?
Center Point: The Power of Commitment
Wall Street: A View from the Top of the Skyscraper 7
The First Traders
The Birth of Wall Street
Who Are Wall Street's Biggest Party Animals? The Bulls and the Bears
The Land of Greed and Fear
Supply and Demand or How Much Will You Pay for That Cookie?
Price: The Bottom Line
The New York Stock Exchange
The NASDAQ Stock Market
The American Stock Exchange, or Amex
Where You Come In
The Bid and Ask, or Offer: What They Mean
NASDAQ Level II System
The Ringmaster, CNBC
Center Point: Empower Your Personal Beliefs
Day Trading Is Your Business: Let's Set It Up That Way 23
Your Day Trading Stash: A Reality Check
Choose Your Weapon
What Type of Trader Are You: Part-time or Full-time?
Trading with an Online Broker: Which One Is Right for You?
Advantages of Using a Direct-access Trading Platform
Should You Open Two Trading Accounts?
Slippage and Commissions: How They Affect Your Wallet
Trading On Margin: How to Do It and Still Sleep at Night
Develop a Simple Business Plan
Create a Success-oriented Environment
Paper Trading: Should You Do It?
Center Point: Your Vision: Life's Invitation to Greatness
The Winning Market Mentality That Leads toProfits 41
Protect Your Principal
Trade to Trade Well, Not to Make Money
Why the Stock Market Is Always Right
The Trader's Most Formidable Foe
Why Faith and Hope Should Be Left in a Basket by the Door
Why "The Devil" Made You Lose All That Money
Celebrate Your Positive Trading Characteristics
Reality Check: What Color Is the Stock Market?
Don't Push the River: Swim with It and the Money Will Flow to You
Responsibility and Respect: How They Play Leading Roles in Your Success
Center Point: Extend Your Reach
Trading Fundamentals You'll Build On 59
The Market Has No Price or Time Limits
Fundamental Versus Technical Analysis
Different Trading Time Frames: What They Mean to You
Trading with the Clock for Profits
Introduction to Charting Techniques
Center Point: The Miracle of Giving
Technical Analysis 101: The Trend Is Your Friend 83
Stock Cycles: How They Help You Plan Your Trades
Support and Resistance: What They Are, How to Recognize Them
Money-making Breakouts and Breakdowns: How to Identify Them
How to Draw Trendlines or Where to Connect the Dots
Center Point: Coincidence or Synchronicity?
Choose a Stock to Trade 121
Volume: A Simple Indicator That Says a Lot
Moving Averages: What They Are, How to Use Them
The Final Touch: Momentum Indicators
Center Point: Detachment-Pathway to Freedom
When the Tough Get Going: Beginning Trader's Boot Camp 155
Beginner's Boot Camp: Week 1
Beginner's Boot Camp: Week 2
Order Types and Definitions
Center Point: The Power of Intuition
Plan Your Trade and Trade Your Plan 177
How to Design Your Trading Log
Viewpoint: Top Down Versus Bottom Up Approach
Plan Your Trade with Risk-reward Analysis
Money-making Chart Patterns for Position Trades
The Basics: Continuation and Reversal Patterns
Plain Vanilla Breakout
Know Your Stop Before You Shop
Center Point: Practice Healthy Selfishness
The Swinging Day Trader 203
Money-making Setups for Swing Trades and Day Trades
Gap Openings: How to Manage Them
To Hold Overnight, or Not to Hold Overnight
Nitty-gritty Stuff about Day Trading
Does Your Stock Waltz or Jitterbug?
Where to Place Your Stop-loss Orders
Day Trading Setups: What You're Looking For
Quick Level II Review and Intraday Trading Tactics
Pre-market and After-hours Trading Scene
The Ultimate Day Trading Scene
Center Point: Release the Past
Scalps and Shorts, or the Quick and the Dead 231
What Is Scalping?
Basic Scalping Tactics
Price Behavior at Whole and Half Numbers
Scalping Technique: Early Entries
Level II Review and Scalping Strategies
Additions to Your Intraday Toolbox
Boost Your Scalping Profit Potential
Selling Short: Don't Sell It Short!
The Shorting Process: How It Works
Chart Patterns for Selling Short: What to Look For
Bottom Line Shorting Strategies
Center Point: Create a Prosperity Mindset
Love Your Losses: They're a Trader's Best Friend! 269
Seven "Suicide Scenes": How to Avoid Them, Protect Your Principal, and Live to Trade Another Day
The Good News, Bad News Roller-coaster Ride
Drop the Stop Game
How Not To Catch a Falling Knife
Hey, Wait for Me!
The Whipsaw Club
Center Point: The Truth about Fear
Trading Survival Techniques 281
The "if, Then" Mentality: How It Boosts You to the Ranks of Professionals
Stay Aware of Big Picture Dynamics
The Advance-decline Line as a Superb Storyteller
Meet Another Storyteller: U.S. Thirty-year Treasury Bonds
Other "If, Then" Settings
Too Much Chocolate?
Watch Out! It's Options Expiration Week
Program Trading: A Jolt Out of the Blue
Learn How to Change Gears
Trading Day In a Capsule
Where to Find Stocks to Trade
Trading Fitness: Your Body. Your Mind
Trading Rules to Prosper By
Center Point: Live Consciously and Succeed!
The Future Is Now! 299
Trading From the State of Overwhelm
Microlist of High-caliber Financial Web Sites
Pump and Dump
Should You Take a Trading Course?
Center Point: We Are All Connected
Recommended Reading List 307
What People are Saying About This
Every new trader should buy A Beginner's Guide to Day Trading Online. Toni Turner takes a difficult subject--trading in the stock market--and makes it enjoyable and exciting to learn. I found the book to be highly compelling and a real page-turner. Don't start trading without it!
Co-author of Strategies for the Online Day Trader
Toni Turner's information-packed guide leads you through techniques and tactics you'll need to become a winning trader, and does it in an upbeat, easy-to-understand format. Read this book if you want to know how the market works and how to make it work for you.
Most Helpful Customer Reviews
Success in stock trading starts by applying wiser and REALISTIC tactics for choosing stocks.
Profitable traders tend to think more realistically towards the market. They know they can benefit when stocks go up and also when they FALL down.
It doesn't matter if the stock market is UP or down. There are always going to be certain stocks with positive or negative momentum that you can buy or short sell, either in pre-market hours, regular market hours or in the after hours session.
Lucrative trades can take anywhere between 2 and 15 minutes. And in some occasions You will be able to ride a very good stock for a full day or more.
Discover how to Boost Your Success at StressFreeTraders.com
I have been an active trader since 2002. I am a financial junkie, and have read many books, read the journal, IBD, and other Business magazines. This is the best book to learn 'Day Trading', and 'Short Term Trading'. I consider this a 'Financial Bible'. This is all you need. Thanks Toni. I have referred this book to many of my friends.
I've been studying stock market full time from Morning to Night for 1 year and papertrading. If I haven't read this book I'd still be scratching my head trying to figure out why things happen in the market. Market makers have a major role in what happens and she explains their game to you. They do have more experience and control over the market than traders do. So either you learn or they burn you. Your choice
A very good book to learn day-trading. If you are new to trading, you should consider reading this book
I'm learning trading. This book is easy to understand, includes quizzes at the end of each chapter, and provides lots of "hot tips". I especially liked the day-by-day, two week boot camp.
Did not read gifted.
I have very little patience when it comes to reading badly written books. This one is very well written with solid unique points, but i feel it should cover more on how to pick hot stocks for short term profits. For those who think hot stocks is the way to go in this volatile market I recommend MomentumStockPick com