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by Josh DiPietro
Day Trading Stocks the Wall Street Way: A Proprietary Method For Intra-Day and Swing Trading
Title Page
Copyright
Author's Note
Do Not Read Out of Order!
Three Essential Prerequisites
Introduction
Changes and Updates Since My First Book (2008)
The Breakdown
Discovering Day Trader Josh
How I Trained, and How I Journeyed Closer to Wall Street
Acknowledgments
Part I: Mastering Your Mindset Before You Absorb the System by Day Trader Josh
Lesson 1: Control of Emotions and Mastery of Focus
The Fear and Greed Factors
How to Control Them
How to Stay Focused While Trading—All Day
Lesson 2: How Overconfidence Can Destroy Your Trade
Confidence Is Great Until You Have Too Much
Lesson 3: Dealing with Your Impatience
Traders Have to Cope with Two Kinds
How to Control Your Impatience
Lesson 4: Knowing When to Stop Trading
Why Taking Breaks from Day Trading Is Necessary
What to Do During Your Inevitable Break(s)
Lesson 5: Risk Management: Buying Power versus Capital
How Much Buying Power to Trade With
Recaps on Managing Your Buying Power
Lesson 6: Avoiding Overexposure to Market Risk
Normal Exposure Is the Amount You Can Lose—Overexposure Is Disaster
Trading Consistently in 100-Share Blocks Prevents Overexposure
Recaps on How to Avoid Overexposure
Lesson 7: Budgeting Your Way to Profitability
How to Stay Out of the Poorhouse
Lesson 8: A Realistic Look at Stop-Loss
Stop-Loss Should Be Automatic
How to Properly Strategize Stop-Loss without Hesitation
Lesson 9: Day Trading Is Not Gambling
There's a Huge Difference Between Them
Day Traders' Options Not Available in Casinos
How to Make Sure You're Day Trading, Not Gambling
Lesson 10: Consistency Rules!
Stay Consistent in Your Trading Habits and Tactics
Maintain a Highly Regimented Trading System
Lesson 11: News versus Noise
Learn to Resist Media Babble
How to Monitor News and Economic Reports
Lesson 12: When It Comes to Averaging Down, Amateurs Beware!
It's Not Based on Real Price Levels
How to Avoid Recklessly Averaging Down
Lesson 13: What Stocks to Trade and Why
I've Already Selected Them for You
Learn My Stock-Selection Criterion System
Lesson 14: Picking the Right Online Broker
Pay-per-Share versus Pay-per-Trade Brokers
Part II: Day Trader Josh's Intra-Day Trading Methodology
Chapter 1: Basic Procedure
The Best Stocks to Trade with My System
Additional Reasons Why You Should Take Only 15 Cents on Each Trade
Chapter 2: Prior Price Levels and Newly Forming Intra-Day Levels
The Basics of One-Minute Candlestick Chart Reading
Get Your Daily Price Levels Logged and Organized
What to Do After You Have Your List of Daily High Price Levels and Daily Low Price Levels
Log Your Prior Price Levels on a Whiteboard Before the Opening Bell
Now You Start the Five-Candlestick Counting Process
How to Count Five Minimum Candlesticks (Chart Analysis)
Notes, Reminders, Cautions, and Hints of the Lessons to Come
Chapter 3: Intra-Day Golden Rules: Entry/Exit Setups
The Rules Explained
Mastering the Three-Tier Max Strategy with 100-Share Block Trades
Understanding the Wisdom of 15-Cent Static Profits
Observing the Framework of Entry and Exit Strategy with Step-by-Step Procedures and Guidelines
Entry Strategy
Exit Strategy
The Wisdom of Using Strategy Stop-Loss
Chapter 4: The Mechanics of FASTKEY Order Execution
Using Your Keyboard Keys for Rapid Order Execution
Placing Orders Directly from a Level 2 Quote Chart (Direct Access)
Executing Real-Time Trades (Manual Limit Orders)
Scrutinizing Both Real-Time and End-of-Day Trades with Back-Testing
Part III: Day Trader Josh's Swing Trading Methodology
Chapter 5: Introduction to Swing Trading: Basic Rules and Procedures
Introducing the Ten-Day Hold Rule
How to Determine the First-Tier Swing Level
Understanding Entry and Exit Setup Rules
Two Key Swing Rules to Follow
Buying Power and Trading Experience Dictate Your Swing Strategy
Here's the Good News!
Chapter 6: Sample Swing Charting Setups
The 5 Percent Bubble
Swing Trade Setups
Part IV: The Fusion of Intra-Day and Swing Strategies
Chapter 7: Introduction to Fusion Trading
Why Are They Not Mutually Exclusive?
Applying the Golden Rules
Deciding Your Trading Options: Intra-Day Only, Swing Only, or Fusion?
Chapter 8: Sample Fusion Trade Setups
Sample Fusion Trade #1
Sample Fusion Trade #2
Sample Fusion Trade #3: An Advanced Fusion Trade
Final Words on Fusion Trading
Part V: Advanced Rules and Procedures
Chapter 9: Maximizing Net Profits and Minimizing Losses on Overall Trade Setups
What Is Pivot Trading?
Sideline Trading
Earnings Release Trading
Part VI: Trading and Training with Day Trader Josh
Chapter 10: My Trading Room and How It Works
Chapter 11: The Day Trader Josh Training Program
Program Details
Learning Objectives
What the Price Includes
Recap
About the Companion Website
My Final Words to Readers: Warnings, Reminders, and Prospects for the Future
Index
End User License Agreement
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Prev
Previous Chapter
Cover
Next
Next Chapter
Table of Contents
Title Page
Copyright
Author's Note
Do Not Read Out of Order!
Three Essential Prerequisites
Introduction
Changes and Updates Since My First Book (2008)
The Breakdown
Discovering Day Trader Josh
How I Trained, and How I Journeyed Closer to Wall Street
Acknowledgments
Part I: Mastering Your Mindset Before You Absorb the System by Day Trader Josh
Lesson 1: Control of Emotions and Mastery of Focus
The Fear and Greed Factors
How to Control Them
How to Stay Focused While Trading—
All Day
Lesson 2: How Overconfidence Can Destroy Your Trade
Confidence Is Great Until You Have Too Much
Lesson 3: Dealing with Your Impatience
Traders Have to Cope with Two Kinds
How to Control Your Impatience
Lesson 4: Knowing When to Stop Trading
Why Taking Breaks from Day Trading Is Necessary
What to Do During Your Inevitable Break(s)
Lesson 5: Risk Management: Buying Power versus Capital
How Much Buying Power to Trade With
Recaps on Managing Your Buying Power
Lesson 6: Avoiding Overexposure to Market Risk
Normal Exposure Is the Amount You Can Lose—Overexposure Is Disaster
Trading Consistently in 100-Share Blocks Prevents Overexposure
Recaps on How to Avoid Overexposure
Lesson 7: Budgeting Your Way to Profitability
How to Stay Out of the Poorhouse
Lesson 8: A Realistic Look at Stop-Loss
Stop-Loss Should Be Automatic
How to Properly Strategize Stop-Loss without Hesitation
Lesson 9: Day Trading Is
Not
Gambling
There's a Huge Difference Between Them
Day Traders' Options
Not
Available in Casinos
How to Make Sure You're Day Trading, Not Gambling
Lesson 10: Consistency Rules!
Stay Consistent in Your Trading Habits and Tactics
Maintain a Highly Regimented Trading System
Lesson 11: News versus Noise
Learn to Resist Media Babble
How to Monitor News and Economic Reports
Lesson 12: When It Comes to Averaging Down, Amateurs Beware!
It's Not Based on Real Price Levels
How to Avoid Recklessly Averaging Down
Lesson 13: What Stocks to Trade and Why
I've Already Selected Them for You
Learn My Stock-Selection Criterion System
Lesson 14: Picking the Right Online Broker
Pay-per-Share versus Pay-per-Trade Brokers
Part II: Day Trader Josh's Intra-Day Trading Methodology
Chapter 1: Basic Procedure
The Best Stocks to Trade with My System
Additional Reasons Why You Should Take Only 15 Cents on Each Trade
Chapter 2: Prior Price Levels and Newly Forming Intra-Day Levels
The Basics of One-Minute Candlestick Chart Reading
Get Your Daily Price Levels Logged and Organized
What to Do After You Have Your List of Daily High Price Levels and Daily Low Price Levels
Log Your
Prior
Price Levels on a Whiteboard
Before
the Opening Bell
Now You Start the Five-Candlestick Counting Process
How to Count Five Minimum Candlesticks (Chart Analysis)
Notes, Reminders, Cautions, and Hints of the Lessons to Come
Chapter 3: Intra-Day Golden Rules: Entry/Exit Setups
The Rules Explained
Mastering the Three-Tier Max Strategy with 100-Share Block Trades
Understanding the Wisdom of 15-Cent Static Profits
Observing the Framework of Entry and Exit Strategy with Step-by-Step Procedures and Guidelines
Entry Strategy
Exit Strategy
The Wisdom of Using Strategy Stop-Loss
Chapter 4: The Mechanics of FASTKEY Order Execution
Using Your Keyboard Keys for Rapid Order Execution
Placing Orders Directly from a Level 2 Quote Chart (Direct Access)
Executing Real-Time Trades (Manual
Limit
Orders)
Scrutinizing Both Real-Time and End-of-Day Trades with Back-Testing
Part III: Day Trader Josh's Swing Trading Methodology
Chapter 5: Introduction to Swing Trading: Basic Rules and Procedures
Introducing the Ten-Day Hold Rule
How to Determine the First-Tier Swing Level
Understanding Entry and Exit Setup Rules
Two Key Swing Rules to Follow
Buying Power and Trading Experience Dictate Your Swing Strategy
Here's the
Good
News!
Chapter 6: Sample Swing Charting Setups
The 5 Percent Bubble
Swing Trade Setups
Part IV: The Fusion of Intra-Day and Swing Strategies
Chapter 7: Introduction to Fusion Trading
Why Are They Not Mutually Exclusive?
Applying the Golden Rules
Deciding Your Trading Options: Intra-Day Only, Swing Only, or Fusion?
Chapter 8: Sample Fusion Trade Setups
Sample Fusion Trade #1
Sample Fusion Trade #2
Sample Fusion Trade #3: An Advanced Fusion Trade
Final Words on Fusion Trading
Part V: Advanced Rules and Procedures
Chapter 9: Maximizing Net Profits and Minimizing Losses on Overall Trade Setups
What Is Pivot Trading?
Sideline Trading
Earnings Release Trading
Part VI: Trading and Training with Day Trader Josh
Chapter 10: My Trading Room and How It Works
Chapter 11: The Day Trader Josh Training Program
Program Details
Learning Objectives
What the Price Includes
Recap
About the Companion Website
My Final Words to Readers: Warnings, Reminders, and Prospects for the Future
Index
End User License Agreement
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Guide
Cover
Table of Contents
Introduction
Part I: Mastering Your Mindset Before You Absorb the System by Day Trader Josh
Begin Reading
List of Illustrations
Lesson 13: What Stocks to Trade and Why
Figure L13.1 Five-Minute Chart Over Three Days
Lesson 14: Picking the Right Online Broker
Figure L14.1 Streaming Level 2 Quote Chart from Lightspeed Trading Platform
Chapter 1: Basic Procedure
Figure 1.1 BIDU 2-Day Chart
Figure 1.2 IBM Weekly Chart
Figure 1.3 25-Cent Barriers
Chapter 2: Prior Price Levels and Newly Forming Intra-Day Levels
Figure 2.1 One-Minute Candlesticks
Figure 2.2 One-Minute Candlestick Chart
Figure 2.3 Pre-Market Trading Range
Figure 2.4 Previous Day High/Low Chart
Figure 2.5 Too Much Information
Figure 2.6 Daily Chart: LNKD
Figure 2.7 Daily Level with Highs and Lows
Figure 2.8 Daily Level Process
Figure 2.9 Daily Levels Over a Year
Figure 2.10 Gap Rule
Figure 2.11 One of My Whiteboards
Figure 2.12 Prior Price Levels
Figure 2.13 High (Resistance) and Low (Support) Price Levels
Figure 2.14 Previous Candlestick Higher than the Previous One
Figure 2.15 Previous Candlestick Lower than the Previous One
Figure 2.16 Five Minimum Candlesticks
Figure 2.17 Newly Formed Intra-day Support Level
Chapter 3: Intra-Day Golden Rules: Entry/Exit Setups
Figure 3.1 Daily Chart: LNKD
Figure 3.2 Three-Tier Max Strategy
Figure 3.3 One-Minute Chart
Figure 3.4 Intra-Day Entry Levels: Support
Figure 3.5 Intra-Day Entry Levels: Resistance
Figure 3.6 One-Minute Chart
Chapter 4: The Mechanics of FASTKEY Order Execution
Figure 4.1 PC or Laptop Keyboard
Figure 4.2 FASTKEY Order Execution #1
Figure 4.3 FASTKEY Order Execution #2
Figure 4.4 FASTKEY Order Execution #3
Figure 4.5 FreeStockCharts Platform
Chapter 5: Introduction to Swing Trading: Basic Rules and Procedures
Figure 5.1 Swing Level
Figure 5.2 GS Earnings
Figure 5.3 Entry Rules
Figure 5.4 Exit Price Points
Figure 5.5 GS One-Minute Chart
Figure 5.6 First-Tier Swing Resistance
Chapter 6: Sample Swing Charting Setups
Figure 6.1 Daily Levels
Figure 6.2 Entry Points for Swing Trades
Figure 6.3 IBM Setup
Figure 6.4 IBM 400-Share Swing Setup
Figure 6.5 Swing Trade with Limited Capital
Figure 6.6 BIDU Setup
Figure 6.7 BIDU Long Entries
Figure 6.8 Log Sheet
Chapter 7: Introduction to Fusion Trading
Figure 7.1 Classic Fusion Trade Setup
Figure 7.2 Prior Price Levels—LNKD
Figure 7.3 First-Tier Swing Support Level
Chapter 8: Sample Fusion Trade Setups
Figure 8.1 Sample Whiteboard Chart: Support Levels
Figure 8.2 Sample Whiteboard Chart: Resistance Levels
Figure 8.3 Whiteboard Price Level on IBM (for 3/23/15 trading)
Figure 8.4 IBM One-Minute Chart
Figure 8.5 Daily Chart Levels and Swing Levels
Figure 8.6 IBM Five-Minute Chart
Figure 8.7 Daily Chart Levels and Swing Levels—TSLA
Figure 8.8 Whiteboard
Figure 8.9 TSLA One-Minute Chart
Figure 8.10 Daily Levels
Figure 8.11 Whiteboard—FDX 3/25/15
Figure 8.12 Whiteboard—FDX 3/26/15
Figure 8.13 March 25, 2015, Original Swing Entry
Figure 8.14 March 26, 2015, Fusion Trade Setup
Figure 8.15 March 27, 2015, Non-Activity Trading Session
Figure 8.16 March 30, 2015, Non-Activity Day
Figure 8.17 April 1, 2015, After Exiting Swing Trade
Chapter 10: My Trading Room and How It Works
Figure 10.1 Day Trader Josh's Daily Chart Levels
Figure 10.2 Daily Chart Room
Figure 10.3 Day Trader Josh's Swing Trading Room
Figure 10.4 Swing Trading Room—Most Recent Trades
Figure 10.5 Future Trade Setups
Figure 10.6 Minimum Profits to Date
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