The Long-Term Day Trader: Short-Term Strategies to Boost Your Long-Term Profits

by Michael Sincere and Deron Wagner

Book Overview

What happens when you combine a traditional long-term investor with a highly aggressive day trader? You end up with a long-term day trader: a person who holds a stock longer than most day traders but... This description may be from another edition of this product.

• Format: Paperback
• Language: English
• ISBN: 1564144534
• ISBN13: 9781564144539
• Release Date: March 2000
• Publisher: Career Press
• Length: 218 Pages
• Weight: 0.70 lbs.
• Dimensions: 0.5" x 6.1" x 9.0"

Customer Reviews

A Sound, Friendly Read

This the type of book that benefits one early in one's trading process and merits re-reads after more experience. While there is very little from the technical point of view, the practical, "real world" advise rings very clear. People often buy books that are too complicated for their current level of understanding. Accordingly, they acquire more "knowledge" but not more understanding. Confusion can lead to a lot of lost money in trading. Thankfully, this is not such a book. It deserves a permanent place on the traders and investor's bookshelf.

Sensible and Intelligent Instruction on the New Stock Market

I had been thinking about trying to learn more about online trading when I saw the authors on ABC World News Now. They seemed to know what they were talking about and talked in plain English instead of 'insider' jargon. And that's how they wrote their book, too.Not having a lot of experience with the stock market previously, their book taught me 'from the bottom-up,' so to say, by introducing and explaining basic investing concepts before addressing the online aspect and their own philophy toward long-term day-trading.I like the calculated, intelligent approach they advocate as opposed to advancing a high pressure, sure-fire get rich quick scheme which some other books I'd browsed seem to propose.The book made me feel more confident in my decisions, and even helped me feel more confident simply discussing the stock market and investing.The best thing one can say about a book is that you've recommended it to others, and I've done so with several family members and friends. I also highly recommend it to anyone considering entering day-trading. This book will show you the 'slow and steady' wins the race philosophy that will continue bringing you returns after the get-rich crowd are jumping onto the next bandwagon!

It Took Years To Develop This Style Without The Book

After years of trading I stumbled on the same techniques described in this book. My trading portfolio is up 250% this year! There are some gems of wisdom that make this book extremely useful; if I had read Oliver Velez's (Pristine.com) interview a week earlier I would have saved thousands with some of his rules. This book is a broad view of a trading style; you have to determine your own preferences of technical indicators that suit you however. This book can jumpstart you to a successful trading style. BTW, by long term they mean 2-5 days.

Easy to understand

There are so many investment books on the market that are overly technical. This book was easy to read and it's concepts easy to implement. This book brings common sense to the world of short term trading.

Breaking the Mold

Most books that I have read are written for either traders orinvestors. This book successfully defines a new type of marketparticipant, The Long Term Daytrader. It has great insightfulinterviews with Wall Street's newest stars. I'd recommend this book for anyone who has money in the market whether it be individual equities or mutual funds.