Trade you way to financial success!
Are you tired of playing the "buy-and-hope" game with your stocks? Savvy stock trader Toni Turner shows you the ins and outs and ups and downs of short-term trading. You'll learn how to buy and sell stocks on a monthly, weekly, or even daily basis, so you can own the right stocks at the right time.
Turner's clear, common-sense advice, easy-to-follow explanations, and helpful examples will help you invest in the exciting and profitable world of short-term trading quickly and safely. In this revised edition, you'll get completely up-to-date information on:
- New products such as ETFs and expanded coverage on sector investing
- Resources for choosing an online broker New SEC (Securities and Exchange Commission) rules and regulations
- Updated charts and graphs with current examples
A Beginner's Guide to Short-Term Trading is the hands-on book designed to get you actively involved in every step of the trading process. Now you can take control of your portfolio and secure the financial freedom you've always dreamed of. Start planning your trades today!
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About the Author
Toni Turner is the best-selling author of A Beginner's Guide to Day Trading Online and A Beginner's Guide to Short-Term Trading. An investor/trader with fourteen years' experience. She currently serves as a consultant to Townsend Analytics, Ltd.
Table of Contents
Foreword Steve Nison viii
Introduction: America's Love Affair ix
How the Romance Began
My Relationship with the Stock Market
Why I Wrote This Book
Short-Term Trading: The Good News
The Journey ...
Meet Jesse Livermore xv
Wall Street: The Greatest Game on Earth 1
Where It All Started
Out of Chaos Comes Order: The Crash Of 1929
The New York Stock Exchange: How It Works
The NASDAQ Stock Market: How It Works
The American Stock Exchange: How It Works
Let's Dissect the Indexes
Wall Street as "The Animal House": The Bulls and the Bears, the Sheep and the Hogs
Two Emotions That Rule the Markets (And the Rest of the World)
Check Your Understanding
What Are "Center Points"?
Center Point: You ... A Golden Buddha
Off to a Running Start: Setting Up Your Business 19
Map Your Business Plan
Selecting/Updating Your Office Equipment
Choosing a Broker
The Commission Maze
Slippage: What It Means
Margin Accounts: How They Work
Establish Realistic Goals
Check Your Understanding
Center Point: Commit: Convert Your Dreams into Goals
Master a Moneymaking Mindset 37
The Market as an Unstructured Entity
The Stock Market Is Always Right
Meet Your Emotions-Up Close and Personal
The End Result: What It Looks Like
R & R: Don't Go to the Markets Without Them
Self-Respect and Deservedness
Check Your Understanding
Center Point: MakeYour Circle Bigger
Market Machinations 101: The Fuel That Sparks the Energy 49
The Buck Stops Here
Fundamental Analysis Versus Technical Analysis: The Tug of War
Fundamental Analysis: Quick Yet Thorough Evaluation Resources
Wonderful Web Sites to Wander Through
Check Your Understanding
Center Point: Invite Spontaneity into Your Life
Market Machinations 102: Cycles as the Foundation of Technical Analysis 61
Cycles: The World's Operating System
How Cycles Move: Basic Stage Analysis
Different Stages Call for Different Reactions
Additional Cycle Components
Support and Resistance, or Action and Reaction
Center Point: Develop a Prosperity Mindset
Jump-Start on Chart Basics 79
Charting Essentials: Line Charts and Bar Charts
Candlestick Charting Basics
Center Point: Reach for Your Highest Potential
Chart Close-Ups: The Pieces of the Puzzle 105
Anatomy of Your Friend: The Uptrend
Buy Signals: What to Look For
Trading in a Range, Congestion, and Consolidation
Anatomy of a Downtrend
Overview of Sell Signals: What to Look For
Center Point: The Power of Synchronicity
Fitting the Puzzle Together 131
Volume: A Mega-Important Indicator
Moving Averages: What They Are, How to Use Them
Center Point: Thoughts Are "Things"
Additional Chart Indicators: Techniques for Using Them Successfully 147
Oscillators: What They Are
The RSI: What It Is, How to Use It
Stochastic Oscillator: What It Is, How to Use It
The MACD: What It is, How It Works
On-Balance Volume: What It Is, How to Read It
Bollinger Bands: What They Are, How to Read Them
Fibonacci Retracements: What They Are, How to Read Them
Price Gaps: Play Them Wisely
Center Point: You Are Perfect Right Now
It's Showtime! 173
Continuation and Reversal Patterns: What They Are
Trading Reversal Patterns in Non-Trending Markets
Let's Take It from the Top
Center Point: Forgiveness: Key to Success
Where the Rubber Meets the Road: Money-Management Techniques 201
Plan Your Trade and Trade Your Plan
Piece of the Pie
Risk/Reward Ratio: What It Means, How to Calculate It
Where to Place Your Stop Orders
Now That You've Got It, What Do You Do with It?
Intraday Reversal Periods: What They Are, What They Mean to You
Order Types: Market Orders, Limit Orders, and More
In Times of Crises
Center Point: The Circle of Giving
Winning Strategies for Selling Short 221
Overcoming Mental and Emotional Roadblocks to Selling Short
Fundamentals: What to Look For
Chart Patterns and Setups: What to Look For
Shorting Indicators: Ugly Is Good!
How to Place Your Order
Shorting Strategy: The Overextended Stock
Shorting Strategy: The Overextended Double Top
Shorting Strategy: The 18 / 40 Moving Average Crossover
Center Point: Let Go of Fear and Let Your Light Shine
Exchange Traded Funds: Tools for Sharpening Trading and Hedging Profits 247
ETFs: What They Are
Where ETFs Started: A Brief Timeline
Benefits of Using ETFs as Trading and Investing Tools
Where to Find ETFs
Index and Sector Strategies Using Swing and Position (Core) Trades
Diversifying with ETFs
Hedging Tactics Using ETFs
Center Point: Boost Your Personal Productivity
Anatomy of a Trade 265
Find an Industry Group or Sector to Target
At Journey's End
Center Point: Develop the Art of Detachment
You, The Wizard Of Odds 283
Back Up and Look at the Big Picture
The "If, Then" Mindset
Analyze the Broader Markets
Learn to Assess the Trading Environment
The Advance/Decline Line: Market Narrator in a Capsule
Stay Updated on Economic Reports
The Granddaddy of All Reports: The FOMC
Mother Market's Contrarian Indicators
Stay Tuned to Changing Conditions
A Word about Losses
The Best Gift to Give Yourself: A Trading Journal
Center Point: Come Back to Center
Recommended Reading 317
Most Helpful Customer Reviews
The traditional approach to investing - buy and hold - is no longer true, at least for the next decade or so. The market will rise and fall and with each downturn investors will lose profits that may not be coming back. This book will help you avoid those sharp downturns by understanding stock prices in relationship to their cyclical behaviors created through two human behaviors: greed & fear. This book introduces the reader to technical analysis - a skill you must have if you plan to take responsibility for your investments. Read this and subscribe to a score of credible bloggers on investing and get busy - you CAN make money in a bear market!
I recommend it for beginners.
Tony makes everything easy to understand and really sets you up to understand stock trading. This is a good read for anyone interested in the stock market even if you have been trading for years.
Book is informative, but requires some knowledge of terms. It should be used with other books detailing such things as how to use the internet investment web sites.
This book has a wealth of information and is easy to follow...well written!
uses plain language to convey message that is understandable. not going to confuse you with all the financial analysis mumbo jumbo.
This book seems to be an update of her 1st book. This book has really great info to help you set up your trading practices and teach you tecniques that work. The best part is that this book is very easy to read and will keep you interested unlike many other trading guides out there. I feel the fluff mentioned by the earler review is what makes this book easy to read. Plus chapters are well organized so it is easy to skip over info and fluff that you may not need!
I've finally stopped trying to get through this book. There is probably nothing wrong with the information, but it is like so many other investment books I have purchased, too much filler, stories, analogies. I just finally got tired trying to wade through it.
Toni teaches a well-organized class and she approaches her written work in the same logical way. Easy to understand, helpful illustrations. This is good for beginners and valuable for review, too. If this book were a stock it would be 'undervalued.'
This is a great way to get off to a good start in the stock market. Turner explains everything very well.