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>Can anyone recommend good books on day trading, SOES, or short term?
The best and probably the only one.
Can anyone recommend good books on day trading, SOES, or short term?
The Compleat Day Trader: Trading Systems, Strategies, Timing
Indicators and Analytical Methods
By: J. Bernstein Price:$ 39.95
Everything you need to prosper in the volatile world of trading.
Sophisticated trading methods are allied with a program of disciplined
risk management in this day trading bible, to make you a self
sufficient day trading pro in no time. This bestseller is sure to
improve your day trading skills and your bottom line. <Imagen>
Table of Contents
Contents
Preface ix Acknowledgments xi
Introduction 1
The Forces Behind Increased Volatility 1 The Computer Revolution
and Trading 2 Advances in Market Quotation
Systems 3 The International and Domestic Political Backdrop 3
Responsibilities and Goals of the Day Trader 3
About This Book 4 Beware of Tall Tales 5 Who Succeeds and Who
Fails - Qualities for Success 5 What This Book
Cannot and Will Not Do for You 9 No Exaggerated Claims 10
Historical Results 10 Do Your Own Research 10
Practice 1 1 Getting Started 11 Risk and Loss in Futures Trading
12
1. The Basics13
Definition of Terms 13
2. What a Day Trader Is and What a Day Trader Does 18
What Does a Day Trader Trade? 19 Why Day Trade? 19
3. The Illusion of System Testing23
System Development 23 What Is a Trading System? 24 What's Left? 25
Markets Change - Market Participants
Change 26 Striving for Solutions 27 The Role of Artificial
Intelligence 27 Implications for the Future 29
4. Day Trading with Moving Averages 30
Moving Average Basics 30 Traditional Moving Average Systems:
Assets and Liabilities 32 Moving Average
Crossovers - Price versus MA 34 Moving Averages as Support and
Resistance 39
5. Intraday Application of Stochastics 43
Explaining Stochastics Quickly and Simply 43 The Basic Stochastic
Indicator 44 Basic Approaches to SI Timing 45
Intraday Stochastic POP: Definition 47 SP Parameters 48 Markets in
Which SP Works Well 52 Hit and Run Trading
Using the SP 52 Variation on the Theme of SP 53 What You Can
Expect 54 Preferred Markets for SP Application 55
6. Gaps, Gaps, Gaps56
Gap Trading Rules and Definitions 58 Some Observations about the
Gap Technique 66 Get Some Experience 70
Gap Size and Penetration Size 71 What You Can Realistically Expect
71 A Few Last Words about Stop Orders 72
7. Support and Resistance: the "MAC" 73
The Moving Average Channel 74 How Support and Resistance Develop
during the Day 76 Determining Trend,
Support, and Resistance 78 Trading within an Established Trend 80
Exiting Positions - Right or Wrong 80 Sideways
Trend Trading - Trading within the Channel 82 A Few Precautions
and Suggestions 83 Using the Channel Technique
with Other Methods 84 Evaluation of the MAC 86
8. Using Wilder's RSI for Day Trading 87
Defining the First Derivative 88
Rules for Day Trading with the RSI 89
9. Using Intraday Momentum 94
10. Rate of Change in Day Trading100
11. Intraday Channel Breakout106
How the Channel Breakout System Works 108
12. Traditional Methods of Technical Analysis and Day Trading 111
Trend Line Analysis 112 Trend Line Applications - Chart Formations
115
13. A Unique Oscillator for Day Trading121
Opens versus Closes 123 Construction of the O/C for Intraday
Trading 125 Examining Some Signals 126
14. Scalping the Markets130
What Is Scalping? 131 Rules for Scalping 132 Suggested Methods of
Scalping 132 Buying into Large Declines or
Selling into Large Rallies 139
15. Importance of Orders141
What You Should Know about Market Orders 141 Market-If-Touched
(MIT) Orders 142 Fill-or-Kill (FOK) Orders 143
Stop Orders 143 Stop Limit Orders 144 Good-Til-Canceled (OTC)
Orders 144 One Cancels the Other (OCO) 144
Using Orders to Your Advantage 144
16. How Seasonality Affects Markets 148
Defining Key Seasonal Dates 148 How to Use the Key Seasonal Date
Tendencies 149 Daily Season Tendencies
153
17. Intraday Spread Trading163
Preselection: The Key to Profitable Spread Day Trading 163 Methods
of Spread Day Trading 164 What You Can
Realistically Expect 169
18. The Consecutive Closes System170
Definitions and Signals 170 How the CC System Operates 171
19. Sentiment Reigns Supreme175
Defining Sentiment 176 A Daily Sentiment Index - Ideal for
Short-Term Trading 177 A Brief Historical Overview 177 A
DSI Day-Trading Application 178 Visualizing Market Sentiment
Relationships 178 The Importance of Market
Sentiment 178 DSI Historical Data 185
20. Critical Time of Day (CTOD) 186
Basic CTOD Signals and Parameters 186 Tips and Suggestions for
Using CTOD 188
21. Putting It All Together191
22. The Psychology of Day Trading197
A Successful Day Trader Needs Discipline 198
23. The Impact of 24-Hour Trading on Day Trading 207
24. Twenty Keys to Success as a Day Trader211
Appendix. Formulae220
Index 223
Jacket Description
The power of day trading ... unleashed! The Compleat Day Trader
lake Bernstein
"If you seek to acquire the substantial knowledge which I have
accrued during my more than 25 years as a futures
and stock trader, then you've certainly come to the right place.
This book will educate you, guide you, assist you,
explain things to you, and illuminate the path to success for
you...."
To achieve total mastery of day trading, you'd better go straight
to the master. And here he is, in a book that's
classic Jake Bernstein - a no-nonsense guide to the fast-paced
world of day trading. Whether you're a beginner or
seasoned veteran, this book is for you!
The action is fast and the stakes are highÄ and the increased
volatility of the '90s has upped the ante even more.
Bernstein expertly sorts through the numerous trading systems,
analytical methods, and timing indicators unique to
day trading - and helps you combine them expertly for minimum risk
and maximum profit opportunity.
Using clear and concise language with over 100 detailed
illustrations and charts designed to drive home his
suggestions and insights, this distinguished trader addresses
you "investor-to-investor." He reveals how to:
ù Get started in day trading
ù Analyze moving averages, stochastics, gaps, and other vital
day-trading tools
ù Use Wilder's RSI, intra-day momentum, and other powerful
indicators to your clear advantage
ù Use traditional chart analysis to enhance day-trading results
ù Apply a unique day-trading oscillator to the most active markets
such as S&P, T Bonds, and currencies
ù Use seasonal patterns and Critical Times of Day indicators to
capture big moves
You'll also discover whether you have the
essential personal qualities that predispose a day trader to
success - and, if not, how you can develop them.
In short, if you wish to become an accomplished day trader, and
reap the accompanying profits, there is no other
book that can prepare you as well.
About the Author
Jake Bernstein is an internationally recognized trader, author,
and researcher. Publisher of the MBH Weekly
Commodity Letter, he has authored almost 30 books and studies on
futures trading. His previous books include the
best-selling The Investor's Quotient. Mr. Bernstein has appeared
on Wall Street Week and a host of other radio and
television programs throughout the world. He is a frequent speaker
at investing and trading seminars. His in-depth
trading and timing research have added powerful new tools to the
trader's arsenal.
The power of day trading ... unleashed! The Compleat* Day Trader
From the best-selling author of The Investor's Quotient, here is
the best new guide to the fast-paced world of day
trading.
Take Bernstein, the leading authority on the futures markets,
draws on more than 25 years of experience to reveal
the ins and outs of day trading. He shows you how to master
systems ... develop strategies ... and gather the
specialized knowledge and pinpoint timing that can reap huge
profits by the close of each day's trading.
Whether you're a sophisticated investor or a professional trader,
you'll find, in this groundbreaking new book, the
highly specific day-trading guidance you've been seeking. You'll
also find 100 charts that illustrate key points and
patterns.
Great day traders are not born great ... they're created.
Knowledge makes success. The Compleat Day Trader
provides that knowledge!
www.traderslibrary.com
Saludos desde Mallorca
_________________________________________
Antonio Marin Sanchez
http://www.ctv.es/USERS/amarin
Mailto amarin@xxxxxx
_________________________________________
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