The Compleat Day Trader, Second Edition

THE BOOK DAY TRADERS RELY ON TO CAPTURE PROFITS AND LOWER RISKSince The Compleat Day Trader was first published, the tools available to day traders have become incomparably more efficient and effective, thereby dramatically increasing your chances of success. On the flip side, day trading is much riskier and faster paced than ever before. Staying current isn't an option for the serious day trader--it's an absolute necessity. Jake Bernstein has revamped his bestselling guide, The Compleat Day Trader, to bring you fully up to date on his trading model, methods, and indicators, all of which are designed to help you take advantage of dramatically increased volatility in the global stock, futures, and forex markets. In order to generate profits consistently, you need to define your intraday time frames, implement a specific trading model, and develop objective and operational procedures. The Compleat Day Trader walks you through these critical processes step by step to help you execute with focus, logic, and objectivity--no matter how volatile the markets may be. Bernstein’s powerful and clear tools aredesigned to give you the advantage you'll need. Learn about his: MA Channel Swing Trade with Triggers and Setups MAC Patterns and Signals Power Momentum Day-Trade Formula MACD Divergence Setups and Triggers Gap Day-Trade Method Profit-Maximizing Strategies Media Day-Trade Strategy For fifteen years, traders around the world have been relying on The Compleat Day Trader to help them achieve the highest possible levels of performance. Bernstein presents trading tools and methods that are clear and objective, unlike the mythical, magical, or subjective tools that are so common these days. This refreshed, updated edition of The CompleatDay Trader provides you with the knowledge you need to make handsome profits while lowering your exposure--so you can rise to the top echelon of day traders.

Table of Contents:
Preface Acknowledgments 1. Where We Have Been and Where We Are Going What Follows The Forces and Factors behind Record-Breaking Volatility The Electronic Revolution and Trading Day Trading Is More Viable than Ever 2. The Basics: Definitions, Tools, and Considerations Does a Day Trader Trade “Anything That Moves”? Why Day-Trade? What You Will Need 3. The Trading Model: Setup, Trigger, and Follow-Through Market Structure A Closer Look at the STF Structure Conclusion 4. Trading System Development and Testing System Development What Is a Trading System? Taking a Random Walk What’s Left? Markets Change; Market Participants Change Striving for Solutions The Role of Artificial Intelligence Implications for the Future 5. Day Trading with Moving Averages Moving Average Basics Traditional Moving Systems: Assets and Liabilities The Final Analysis 6. Day Trading with Support and Resistance: The Moving Average Channel Overview of the Moving Average Channel Step-by-Step Procedures for Day Trading with My MAC Opportunities: Conservative and Aggressive Profit-Maximizing Strategies with the MAC Method A Few Precautions and Suggestions Is the MAC Totally Objective? Using the Channel Technique with Other Methods Evaluation of the MAC 7. The Media Day Trade A Typical Media Day Trade Scenario Typical Behavior Procedure for Making Media Day Trade A Closer Look at Exit Strategies 8. Day Trading with Momentum and MACD What Is Momentum? What Momentum Can Do for You General Characteristics of Momentum Momentum Divergence Momentum Is a Leading Indicator Momentum Timing: Signals Identification of Momentum Buy Signals Choosing the Sell Point after Bearish Momentum Divergence Moving Average Convergence-Divergence as Trigger Stop Loss and Profit-Maximizing Strategy 9. Day Trading with Gaps Opening Gaps Frequency of Opening Gaps Gap Open Signals Observations about Gap Day-Trade Rules Psychology of the Gap Higher Opening and Sell Trade Stop Losses and Follow-Up Stop Losses on Gap Trades Alternate Gap Trade Exit Method Delayed Gap Open Signals Some Observations about the Gap Technique Overview of Effective Rules and Procedures for Gap Trades Get Some Experience Gap Size and Penetration Size What You Can Realistically Expect from Gap Trading A Few Last Words about Stop Orders Takeaway Points 10. Using the Eight Open, Eight Close Method How the Eight Open, Eight Close Method Works Another Application of the Eight OC Method 11. Profit-Maximizing Strategies The Importance of Sufficiently Large Stop Losses Increasing Profits through Position Size Management Trade Management through Equity Filter Application Some Salient Points The Danger Zone Concept Using a Moving Average as a Tailing Stop Gap Trade Profit-Maximizing Strategies Conclusions and Summary of Profit-Maximizing Strategies 12. The Psychology of Day Trading Discipline: The Essential Ingredient Persistence Willingness to Accept Losses The Ability to Avoid Overtrading The Ability to Specialize What Should the New Day Trader Trade? Beginning with Sufficient Capital The Ability to Use News to Your Advantage Taking Advantage of Brief Price Surges Sticking to Your Daily Goal Using Market Sentiment to Find Day Trades Conclusions 13. Losing Mistakes and Winning Behaviors Losing Mistakes Winning Behaviors 14. Putting It All Together Organization Concluding Remarks Index

About the Author :
Jake Bernstein is an internationally recognized trader, author, and researcher. He has written over 27 books and studies on futures trading and has spoken at investment and trading seminars the world over. He has been a guest on numerous business radio and television programs including Wall Street Week.