The Ultimate Day Trader: How to Achieve Consistent Day Trading Profits in Stocks, Forex, and Commodities

by Bernstein, Jake

• ISBN13: 9781605500089
• ISBN10: 1605500089
• Format: Paperback
• Copyright: 2009-08-18
• Publisher: Adams Media Corp

Summary

Day trading is hot-and with good reason! The swings in the market offer great opportunities for big profits. They also present challenges, even for the experienced trader. The path is fraught with risk, and there are dangers on every side. But a pot of gold awaits you if you learn your lessons well.

Author Biography

Jacob Bernstein is president of MBH Commodity Advisors, Inc. and Bernstein Investments, Inc. He has authored more than thirty-five books on trading, investing, investor psychology, and economic forecasts. His newsletters and advisory services are read internationally by traders, investors, brokers, financial institutions, and money managers. Bernstein's consulting clients include some of the largest hedge funds, brokerage firms, market analysts, banks, and professional traders in the world. He lives in Santa Cruz, CA.

Table of Contents

Introduction	p. 1
The General Principles of Day Trading	p. 15
Definitions and Directions-What It Means to Day Trade Today	p. 17
The Need for Methods	p. 27
An Overview of Day Trading Markets and Methods	p. 53
The Importance of Structure and the STF Framework	p. 73
Successful Methods of Day Trading	p. 83
Gap Day Trading	p. 85
The Moving Average Channel with Confirmation Trend and Channel Trading	p. 109
Day Trading By the Day	p. 125
Volume Spikes and Their Use in Day Trading	p. 139
Day Trading With Divergences: Set-Up	p. 151
Day Trading with Divergence: Momentum Timing Triggers	p. 177
Day Trading With Divergence: Follow-Through	p. 193
The Stochastic "POP" Method	p. 205
The Trend Breakout Method	p. 221
At the End of the Day	p. 243
Trading in a News-Driven Market	p. 245
Exit Strategies	p. 259
The Pragmatics of Day Trading	p. 275
Putting It All Together	p. 291
Ten Cardinal Rules of Day Trading	p. 303
Conclusion	p. 318
Glossary	p. 325
Resources	p. 337
Index	p. 339
About the Author	p. 345
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