Day Trade Part-Time

by John Cook and Jeanette Szwec

Day trading has had a phenomenal growth as an investment technique. Not only is it the preferred method of a growing number of supporters, it has also become the fascination of millions who have heard all the hype but who are unready or unable to give up their permanent employment to take on this exciting pursuit. Here is the answer for this group of people - a practical, step-by-step approach to becoming a day trader in their spare time. The authors...

• Format: Hardcover
• Language: English
• ISBN: 047139310X
• ISBN13: 9780471393108
• Release Date: September 2000
• Publisher: Wiley
• Length: 224 Pages
• Weight: 1.10 lbs.
• Dimensions: 0.8" x 6.3" x 9.3"

Customer Reviews

Day Trading Basics

Day Trade Part-Time is a book of basics which is a must read for anyone who is considering starting a part-time trading business. It is easy reading, and gives the reader step by step directions on what is needed to start a lucrative part-time business. It details everything from what equipment and capital is needed, how to paper trade, and when not to trade. After reading Day Trade Part-Time, and following its SureStart suggestions, the reader should be in a position to easily decide if day trading is a viable part-time business for them.

Well worth the time!

This is the beginner's on-line trading book that should have come out first. These authors do not hold back, they tell it like it is and without skipping over some of the real basics a new trader like me really needs. They don't sugar coat the perils of trading. They seem to tell the good and bad. This is the first trading book that I have seen that really tells the readers about the amount of preparation tht is necessary before you begin on line trading. The SEC should make this mandatory reading before allowing anyone to trade on-line!

A must read wish I had read this before starting day trading

Wish I had this book to read before I started day trading. Are they ever right about starting out as a part-time trader. I've seen a number of people jump into full-time trading too fast and get creamed in the markets. This book covers all the danger areas and shows you how to test your trading skills before you start trading live with your hard-earned money. I didn't realize so much pre-trading preparation was necessary! Any new trader would benefit from following their unique guidelines. I have never seen anyone write about some of the subjects they cover. These might be some of the most important points of all, such as; how to do simulation trading, how to use a trading chat room successfully, the real cost of trading, and the safest approach to start trading live. Believe me, for anyone that wants to learn how to day trade, this is a must read!

Valuable Guidance

I just wanted to jot a note to express a very special thank you for including Pristine.com in your much needed book. Not only did you two provide valuable guidance for people who are all too anxious to quit their line of work to delve right into this demanding endeavor we call day trading, you saw fit to deliver a comprehensive guide on the proper tools and resources that will increase their odds of success. An excellent piece of work. Hats off and good luck to you.Oliver L. Velez, Founder of Pristine.com and co-author of Tools and Tactics for the Master Day Trader

The Author, Jeanette Szwec

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