What Works in Online Day Trading

by Etzkorn, Mark

• ISBN13: 9780471372882
• ISBN10: 0471372889
• Edition: 1st
• Format: Hardcover
• Copyright: 2001-04-09
• Publisher: Wiley

Summary

Takes a hard look at what realistically works online and what doesn't so would-be day traders can avoid the pitfalls (and avoid losing money). Investigative analysis is based on real people who are day trading and the firms they trade at or through whether virtual trading rooms through the internet or real-time operations such as Broadway (authors of The Electronic Day Trader). What is the cost? What is the net cost for even the successful day trader?

Author Biography

MARK ETZKORN is Editor in Chief of Active Trader magazine. He was a senior editor at Futures magazine and a freelance editor and writer. He is the author, co-writer, and editor of several financial books, including Trading with Oscillators (Wiley). Prior to becoming a financial author and editor, Mr. Etzkorn was a member of the Chicago Mercantile Exchange. He also worked at the Chicago Board Options Exchange, the Board of Trade Clearing Corporation, and as an off-the-floor trader.

Table of Contents

about the contributors	vii
preface	xi
section one trading basics
a fool and his money	3	(8)
Marl Etzkorn
the mechanics of trading	11	(27)
order up	9	(4)
Mark Etzkorn
five things to think about before opening your trading account	13	(5)
Jeff Ponczak
Mark Etzkorn
trading on margin	18	(5)
Mark Etzkorn
a walk on the short side	23	(9)
Jeff Ponczak
Mark Etzkorn
what are the odds?	32	(6)
Thomas Stridsman
online technology and the new trading landscape	38	(28)
the direct connection	36	(7)
Gibbons Burke
digital revolution: the electronic communications networks	43	(2)
Jeff Ponczak
islands and archipelagos: navigating the ECNs	45	(6)
M. Rogan LaBier
the Level II screen	51	(5)
Mark Etzkorn
Level II quotes: decoding supply and demand	56	(10)
Gibbons Burke
making markets and basic analysis	66	(33)
the original day traders: making markets with the locals	64	(10)
Mark Etzkorn
charting the market	74	(8)
Teresa Lo
support and resistance	82	(7)
Mark Etzkorn
diary of a trader	89	(10)
Mark Etzkorn
section two trading strategies
pattern-based strategies	99	(34)
trading pure price action	95	(10)
Gary Smith
psychology in action: inside the mind of a trader	105	(9)
Gary Smith
playing the break(out)	114	(7)
Mark Seleznov
clear-cut chart pattern trading	121	(12)
Mark Etzkorn
market tendencies and short-term techniques	133	(33)
playing the seasonals	129	(7)
Steve Moore
Jerry Toepke
Nick Colley
more bang for your buck: patterns within patterns	136	(7)
Mark Etzkorn
a matter of timing	143	(7)
Robert Krausz
trading the Wyckoff way: buying springs and selling upthrusts	150	(6)
Henry O. (Hank) Pruden
anticipating breakouts and beating slippage	156	(10)
Steve Wendlandt
more swing trading, day trading, and options strategies	166	(31)
trading the bow the pattern	162	(7)
Dave Landry
what you see is (not) what you get	169	(6)
Dewey Burchett
taking cover with options	175	(8)
Jerry Wood
spreading your charting options	183	(14)
Thomas Stridsman
section three risk control and money management
limiting risk and maximizing profit	197	(42)
reining in risk	191	(8)
Gibbons Burke
playing it safe	199	(7)
Chuck LeBeau
Terence Tan
exit, trade left	206	(7)
Thomas Stridsman
sizing your trades	213	(10)
Thomas Stridsman
multitrade money management	223	(16)
Thomas Stridsman
section four traders on trading
views from the front line: interviews	239	(40)
Mark Etzkorn
entering the trading zone	230	(3)
Dr. Ari Kiev
the rituals of trading	233	(10)
Linda Bradford Raschke
mastering the trading arcade	243	(9)
John Saleeby
inside the trading lab	252	(8)
Courtney Smith
sound views on trading	260	(19)
Richard Saidenberg
appendix the paper trader	279	(6)
index	285