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Table Of Contents

Introduction: Why Day Trading?
Part 1: Day Trading Basics – What You Should Know
What Is Day Trading?
Who Should Be Day Trading?
Is It Really Possible to Make a Living As a Day Trader?
How to Get Started - Define Your Goals and Make a Plan
1.) Define Your SMART Goal
2.) Make a Plan
3.) Execute the Plan
How Much Money Do You Need to Get Started?
Determining Your Risk Tolerance
What You Need to Begin Trading
A Computer
An Internet Connection
A Charting Software
A Broker
A Properly Funded Trading Account
A Trading Strategy
How to Develop Your Own Profitable Day Trading Strategy
Step 1: Selecting a Market
Trading Stocks
Trading Forex
Trading Futures
Trading Stock Options
Step 2: Selecting a Timeframe
Step 3: Selecting a Trading Approach
Fundamental Analysis
Technical Analysis
Day Trading Charts
Technical Indicators
Popular Trading Approaches
Step 4: Defining Entry Points
Step 5: Defining Exit Points
Stop Losses
Profit-Taking Exits
Trailing Stops
Taking Partial Profits
Time-Stops
Step 6: Evaluating Your Strategy
How to Read and Understand a Performance Report
Step 7: Improving Your Strategy
The 10 Power Principles – Making Sure That Your Trading Plan Works
Principle #1: Use Few Rules – Make It Easy to Understand
Principle #2: Trade Electronic and Liquid Markets
Principle #3: Have Realistic Expectations
Principle #4: Maintain a Healthy Balance Between Risk and Re
Principle #6: Start Small – Grow Big
Principle #7: Automate Your Exits
Principle #8: Have a High Percentage of Winning Trades
Principle #9: Test Your Strategy on at Least 200 Trades
Principle #10: Choose a Valid Back-Testing Period
There’s More To Trading Than Just Having a Strategy
The Seven Mistakes of Traders and How to Avoid Them
Mistake #1: Struggling To Identify the Direction of the Market
Mistake #2: Not Taking Profits
Mistake #3: Not Limiting Your Losses
Mistake #7: Overtrading
The Trader’s Psyche
The Three “Secrets” to Day Trading Success
Here are the three “Secrets” to Day Trading Success
The Tenets of Day Trading
How to Start Trading Without Risking a Single Penny
Bonus Materials
Appendices
Appendix A – Trading Plan Template
Appendix D – Reading Resources
Appendix E – Glossary
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Complete Guide

Complete Guide

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Published by loqaa

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Published by: loqaa on Mar 03, 2011
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