- Cover
- Introduction
- Part 1: Getting Started with Day Trading
- Chapter 1: So You Want to Be a Day Trader
- Chapter 2: Introducing the Financial Markets
- Chapter 3: Assets 101: Stocks, Bonds, Currencies, and Commodities
- Chapter 4: Assets 102: ETFs, Cryptocurrency, Options, and Derivatives
- Chapter 5: Increasing Risk and Potential Return with Short Selling and Leverage
- Chapter 6: Managing Your Money and Positions
- Chapter 7: Planning Your Trades and Trading Your Plans
- Part 2: Developing Your Trading Strategy
- Chapter 8: Picture This: Technical Analysis
- Chapter 9: Following Market Indicators and Tried-and-True Day Trading Strategies
- Chapter 10: Eliminating Emotion with Program Trading
- Creating Your Own Trading Program
- Programming, the Day Trading Way
- Backtesting Once, Backtesting Twice
- Building on Some Standard Strategies
- Arbitraging for Fun … and Profit
- Scalping, the Dangerous Game
- Understanding Risk Arbitrage and Its Tools
- Examining Arbitrage Strategies
- Being Aware of Those Pesky Transaction Costs
- Chapter 11: Day Trading for Investors
- Chapter 12: Researching Research Services
- Chapter 13: Determining Your Profit and Your Profit Potential
- Part 3: Day Trading, Incorporated
- Chapter 14: Setting Up Your Day Trading Like a Business
- Chapter 15: Your Key Vendor: Your Broker
- Chapter 16: Regulation Right Now
- Chapter 17: Taxes for Day Traders
- Getting the Lay of the Land: What You Need to Know Based on What You Trade
- Hiring a Tax Adviser
- Doing Your Taxes Yourself
- Identifying Income Categories You Need to Know
- Tracking Your Investment Expenses
- Top Secret Tax Information for IRS-Qualified Traders Only
- Discussing Other Important Tax Info: Forms and Deadlines
- Using Self-Directed IRAs
- Part 4: The Part of Tens
- Chapter 18: Ten Good Reasons to Day Trade
- You Love Being Independent
- You Want to Work Anywhere You Like
- You’re Comfortable with Technology
- You Want to Eat What You Kill
- You Love the Markets
- You Have Market Experience
- You’ve Studied Trading Systems and Know What Works for You
- You’re Decisive and Persistent
- You Can Afford to Lose Money
- You Have a Support System
- Chapter 19: Ten (or So) Good Reasons to Avoid Day Trading
- You Want to Discover Investing by Day Trading
- You Love Fundamental Research
- You’re Short on Time and Capital
- You Like Working As Part of a Group
- You Can’t Be Bothered with the Details of Running a Business
- You Crave Excitement
- You’re Impulsive
- You Love Going to the Casino
- You Have Trouble Setting Boundaries
- You Want to Get Rich Quick
- The Guy on YouTube Said It Would Work
- Chapter 20: Ten Common Day Trading Mistakes
- Starting with Unrealistic Expectations
- Beginning without a Business and Trading Plan
- Ignoring Cash Management
- Failing to Manage Risk
- Not Committing the Time and Money to Do It Right
- Chasing the Herd
- Switching between Research Systems
- Overtrading
- Sticking Too Long with Losing Trades
- Getting Too Emotionally Involved
- Chapter 21: Ten Tested Money-Management Techniques
- Taking Money off the Table
- Using Stops
- Applying Gann’s 10 Percent Rule
- Limiting Your Losses with the Fixed Fractional System
- Increasing Returns with the Fixed-Ratio System
- Following the Kelly Criterion Formula
- Figuring the Amount to Trade with Optimal F
- Measuring Risk and Sizing Trades with Monte Carlo Simulation
- Taking a Risk with the Martingale System
- Throwing It to the Fates
- Chapter 18: Ten Good Reasons to Day Trade
- Appendix: Additional Resources for Day Traders
- Index
- About the Author
- Connect with Dummies
- End User License Agreement
Part 4
The Part of Tens
IN THIS PART …
Discover ten good reasons to day trade and ten good reasons to avoid day trading. It’s not for everyone, and if you realize that it isn’t for you, you can save yourself a lot of money and headaches.
Find out about ten common day trading mistakes so you don’t make them.
Consider ten different money-management techniques and find one that works for you.
But wait, there’s more! Explore the appendix for lots of resources to help you get started in trading.
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