Day Trading On The Edge

The lure of making a living-maybe even a fortune - is beckoning thousands of online investor novices into the treacherous realm of day trading. Sadly, many of these fortune hunters are in for a rude - and expensive - awakening, because day trading is not for dilettantes. In fact, more than 80% and perhaps 90% of inexperienced day traders lose their shirts!

Day Trading On The Edge takes a penetrating look at this radical investing technique - both the good and the bad - and gives readers all the information they need to determine if the day-trading roller coaster is right for them. Packed with practical advice, realistic viewpoints and keen insights, this book explains:

• what day trading is all about and its long history
• the ten steps to selecting a day trading firm
• trading at-home vs. at a trading firm
• where to obtain the education necessary to succeed
• critical money management principles
• tax tips for traders to retain their wealth
• results of an in depth never-before published survey of over 200 day traders, and more.

Day Trading On The Edge also interviews eleven seasoned traders for their trading insights and the heads of half a dozen trading firms, provides two expert viewpoints on the importance of the psychology of trading, delineates the latest findings of the regulators on the day trading industry, and peers into the future of the day trading phenomenon.

Contents

Part I: Preliminaries - Know What You Need to Know
Chapter 1: What is Day Trading?
Chapter 2: Day Trader Characteristics
Chapter 3: Basic Training
Chapter 4: One Traders Perspective on The Learning Process by Richard V. Rueb

Part II: Places - Where to Trade?
Chapter 5: Day Trading at Home
Chapter 6: It's All About Connections by Gibbons Burke
Chapter 7: Ten Steps to Selecting a Trading Firm

Part III: Perspectives - Trading Psychology, Money Management, and Taxes
Chapter 8: Trading to Make Money by John Piper
Chapter 9: Your Mind's Money Machine by Oscar Goldman
Chapter 10: Money Management by Ryan Jones
Chapter 11: Keeping Your Trading Profits Out of the Government Coffers by Ted Tesser

Part IV. Professionals - Interviews with Traders and Firm CEOs
Chapter 12: Interviews with Traders
Chapter 13: Interviews with Firm CEOs

Part V: Pronouncements, Pundits and Prognostications
Chapter 14: Regulatory Findings On The Day Trading Industry
Chapter 15: Why In the World Would Anyone Become A Day Trader? by Saul Nirenberg
Chapter 16: Putting It All Together