How to Get Started in Active Trading and Investing

by NASSAR DAVID S.

• ISBN13: 9780071440967
• ISBN10: 0071440968
• eBook ISBN(s): 9780071821223
• Edition: 1st
• Format: Paperback
• Copyright: 2004-04-07
• Publisher: McGraw-Hill
• More Book Details
• Purchase Benefits

Summary

"Online investing is 'back in vogue . . . '" --The Wall Street Journal Wall Street Journal bestselling author David Nassar changed the course of independent investing--and sold more than 100,000 books--with his landmark How to Get Started in Electronic Day Trading. Times and markets have changed, however, and a sense of caution has replaced that period's go-for-the-gusto ethos. At the same time, millions of traders and investors can't help but see--and hunger for--the fast-turnaround trading profits that are still there for the taking. How to Get Started in Active Trading and Investing is once again the right book at the right time, distancing itself from the day-trading mania with profitable strategies and techniques for this all-new market. Essential reading for today's new breed of commonsense trader/investor, it explains how to: Understand--and profit from--the moves of market makers Discover and implement a personalized trading style Improve market-timing skills and instincts

Author Biography

David S. Nassar is founder and president of MarketWise Investments, a pioneering firm in the training of active traders.

Table of Contents

Foreword	p. ix
Acknowledgments	p. xi
Introduction	p. xii
The Landscape	p. 1
Traditional Wall Street--Trumpery, Tyranny, and Tendency	p. 3
Investment Banking	p. 7
Why a Broker Can Make You Broke	p. 7
Analysts	p. 8
Corruption in the Food Chain	p. 9
Enter the Regulators	p. 12
The Mutual Funds Role	p. 13
Where is the Market Food?	p. 15
The Business Cycle	p. 16
The Business Cycle Components	p. 18
The Role of the Government (Fiscal Policy)	p. 22
Federal Reserve Economic Policy (Monetary Policy)	p. 24
The Broad Market and the Way the Engine Runs	p. 26
Broad Equity Markets	p. 26
Fixed Income Market: Bond Basics	p. 31
Commodities	p. 39
Sector Analysis	p. 44
The Dow Jones Utility Average	p. 45
AMEX Oil Index	p. 46
Currencies	p. 47
The Effects of Interest Rates on the Dollar and Gold	p. 50
Real Estate	p. 52
The Fear Index	p. 53
The "Edge" is Emerging	p. 58
Pictures of Perception	p. 59
Opinion versus Analysis (Data)	p. 61
Raw Market Data	p. 62
The Basic Premise of Technical Analysis	p. 63
Charting	p. 66
Volume	p. 73
Time	p. 75
Elasticity--The Range of Emotion Equals the Range of Price	p. 77
Supply, Demand, and Emotions	p. 86
Supply/Demand--The Emotional Hedge	p. 88
Price	p. 90
Volatility	p. 91
The Volatility and Smoothing of Time	p. 93
Volume	p. 94
Velocity	p. 98
Market Cycles and Technical Analysis	p. 103
Market Stages	p. 104
Support and Resistance	p. 119
Consensus	p. 125
The Moving Average--Smoothed Consensus	p. 128
Trajectories and Paths	p. 136
Continuation and Reversal Patterns	p. 137
Candles and Oscillators	p. 154
The Momentum Candle	p. 154
Candlestick Patterns	p. 155
Oscillators and Indicators	p. 161
Fundamentals or Financial Fantasy	p. 165
Fundamentals Answer Why, Not When	p. 165
What is Fundamental Information	p. 166
Manipulation of Fundamental Information	p. 167
How to Filter Through Fundamental Data	p. 174
Becoming Your Own Analyst	p. 180
Reviewing the Top-Down Approach	p. 181
Top-Down and Trend Alignment	p. 182
Bottom-Up	p. 194
Directional Bias Versus No Bias	p. 199
Tactical Trading and Investing	p. 202
The Road to Hell is Paved with Good Intentions	p. 203
Slippage Can Destroy Analysis	p. 204
Institutional Order Flow	p. 209
Single Source Liquidity Investment Vehicles	p. 211
Futures	p. 211
E-Mini S&P Contract	p. 213
Pay Raises Become Effective When You Do	p. 215
Applying What You Have Learned	p. 215
When to Sell	p. 231
Favorite Strategies	p. 245
The "Short Squeeze"	p. 245
The Stochastic Play	p. 253
The Earnings Play	p. 265
Buy Rumor, Sell Fact (News)	p. 267
Conclusion	p. 275
Index	p. 280
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