The Strategic Electronic Day Trader

by Robert Deel

Book Overview

WILEY ONLINE TRADING FOR A LIVING MASTER MOMENTUM TRADING AND PROFIT FROM THE TREND Where are you in the market's food chain? You've decided to take the plunge and pursue today's most popular and sophisticated trading method----computerized electronic day trading. With a click of a mouse the market is at your disposal. You are now on the same playing field as the very best professional traders in the world. You feel invincible. You are as good as they are and you are going to show the world. Within hours you could be as rich as the pros. Or you could lose your shirt. Without the proper training and mental preparation, the great equalizing power of your computer is dangerously seductive. Even if you're a talented entrepreneur, in the highly specialized, fast-moving world of electronic trading, your past success means very little. But this realization is your first step toward becoming a winner. You must learn new strategies and mentally prepare yourself for this hi-tech arena of profit and loss. In The Strategic Electronic Day Trader, professional trader Robert Deel shows you how to survive and profit in electronic day trading. This invaluable book addresses the variety of questions and hazardous-to-your-wealth misconceptions about day trading----and reveals the strategies and mental conditioning secrets of the successful minority. Identifying what type of trader you are and adopting the right mind-set before you start trading will give you the crucial advantage over the competition----and save you a fortune in uncontrolled losses. Find out if you're best suited to day trading, micro trend trading, or position trend trading. Along with an in-depth look at the mechanics of electronic trading strategies, Deel shares his revolutionary approach to developing the emotional control and psychological preparation to get you in the game----and keep you there. WHY MOST DAY TRADERS FAIL HOW YOU CAN SUCCEED Can you imagine entering a marathon without conditioning, competing against the best in the world---and expecting to win? What about starting a business without a business plan? Yet this is exactly what most first-time traders do, and why many don't suceed. To be a success in the technologically sophisticated, competitive arena of computerized electronic day trading, your strategy needs to be specific to your ability. From strategy and shorting to sleeping and de-stressing, The Strategic Electronic Day Trader will prepare you to fulfill your dream of making a living trading the market. Learn how to: Profit from seven extremely successful short-term trading strategiesIdentify three to five high probability/profitability trades per dayScreen for momentum acceleration pointsShort intradayUnderstand the mathematics of trading and commissionsLeverage the strengths of your trading personalityAvoid the trader's trap of large, uncontrolled losses "The most comprehensive manual available for those interested in learning basic principles of short-term electronic trading. Offers sound strategies for combining technical signals with fundamental analysis at the same time paying attention to the psycholgical traps that ensnare traders. A must read for novice and experienced traders." ---Ari Kiev, author, Trading to Win: The Psychology of Mastering the Markets

• Format: Hardcover
• Language: English
• ISBN: 0471254886
• ISBN13: 9780471254881
• Release Date: February 2000
• Publisher: Wiley
• Length: 224 Pages
• Weight: 1.14 lbs.
• Dimensions: 0.8" x 6.4" x 9.4"

Customer Reviews

One of the better books on strategies.

I found this to be one of the better books on trading. It's a small book but it covers a lot. The author, like me, is not a strong believer in charts. It's not really a how to if you don't already know how to trade the basics. My first book review of "After Hours Trading Made Easy" was that it was terrible, just the opposite here. Read the book, and then read it again. There is much to gain. Above all, be patient, use what you gain from books to develop a trading technique of your own. Every day is not a good trading day, but Deel does a good job of explaining both trading long and short. I highly recommend this book. I have been trading for a few years, and found this book to be one of the better ones.

Amazing Book On Trading

The book is one of the most unique and comprehensive books on trading I have ever read. In my 12+ years of experience I can say it opened my eyes to information and mistakes which have cost me thousands of dollars. This old dog has learned some new tricks and I can't thank the author enough. The Strategic Electronic Day Trader covers new ground. The professional review at the beginning will give you an excellent overview of the subjects covered in this book. It is well written and once you start you won't be able to put it down.

Don't even think about trading without reading this Book

I have been a professional trader for six years and have a profitable track record so I know what I am talking about,,, I wish before I ever began I would have obtained a book of this quality,, Here are the facts if you want to save yourself tons of time and money do yourself a favor and pick up this book,,, no not every chapter is awesome,, but the overall content of the book is excellent,,, I highly reccomend it and would encourage you not to tread water in the trading arena with out it..

I Wish I Had Read This Book First

After reading this book I now know why I lost so much money day trading. This book opened my eyes to analysis that a level II screen would never reveal. I lost thousands of dollars trying to trade like a market maker (scapling). Because of this book that will never happen to me again. Armed with the information I gained from reading this book I am ready to trade from a high probability prospective. I recommend this book to anyone like me who lost money trying to trade off of lever II scalping. Never again!

The Strategic Electronic Day Trader

At last a book that addresses the truth about electronic trading. This book is very unique and is obviously written by a trader with years of experience. I found I could not put it down. I can assure you that just is not the case with other books I have read on the subject. In this book you will find information that you just don't get anywhere else. The chapter on shorting intraday is just one example. If you are serious about learning to trade this is the only book I have read that tells it like it is and gives you the information you need.