The New Day Trader Advantage

by Markman, Jon

• ISBN13: 9780071508520
• ISBN10: 007150852X
• Edition: 1st
• Format: Hardcover
• Copyright: 2008-01-16
• Publisher: McGraw-Hill Education

Summary

With patience comes profitability-this is the creed of the new day trader Investors are abuzz about the rebirth of the day trader: rather than trading volatile stocks multiple times in a single day, extremely active traders are now holding onto investments longer, relying more on planning and patience rather than fast reflexes. The New Day Trader Advantage, authored by MSN Money columnist and seasoned money manager Jon Markman, gives you 10 surefire techniques for profiting from this more measured, yet cunning method of trading-techniques that fit your individual trading style and help achieve your investing goals. Markman introduces each trading method with real-life examples of how the techniques have worked, then dives into the details of the actual trade. Powerful Tools for the Day Trader: Sector Relative Strength:a new way to exploit what 60% of a stock's movements owe to the popularity of their sector Stock Scouter:Markman's system for trading over one-month, three-month, and six-month holding periods Multi-Month Momentum:observations of stocks' relationship with their 10-month simple moving average

Author Biography

Jon Markman, a veteran money manager and award-winning journalist, is editor and founder of the investment research newsletters Trader's Advantage and Strategic Advantage. He speaks frequently on investment topics at conferences nationwide, as well as on TV and radio. He is a weekly columnist for MSN Money and a contributor to TheStreet.com.

Table of Contents

Praise forThe New Day Trader Advantage "The variety of approaches and numerous examples given makes this book an exuberant, useful addition to any market person's arsenal and library...great grist for the trading mill on almost every page."Victor Niederhoffer "One of the truest trading commandments is the ability to adapt your style to the market. Jon has mapped a fluid game plan on how to do just that." Todd Harrison, Founder & CEO, Minyanville Publishing & Multimedia, LLC. "Jon Markman has long been my pick among stock pickers, but he's outdone himself withThe New Day Trader Advantage. His thesis is that day traders can benefit by becoming daily traders: stock pickers who track opportunity every day, but hold positions for days, weeks, or months at a time.The New Day Trader Advantageis quite simply the best text on stock picking I've yet encountered." Brett N. Steenbarger, Ph.D., author,The Psychology of Trading and Enhancing Trader Performance "In the new money democracy, trading and managing your own wealth is an important part of fi nancial independence. Jon Markman both anticipated and shaped this trend.The New Day Trader Advantageprovides practical tips and insights for traders to equip them for the challenges they face." Satyajit Das, author ofTraders, Guns & Money