The Undergroundtrader.com Guide to Electronic Trading: Day Trading Techniques of a Master Guerrilla Trader

The Undergroundtrader.com Guide to Electronic Trading: Day Trading Techniques of a Master Guerrilla Trader

On his staggeringly democratic Web site Undergroundtrader.com, Jea Yu tells traders how to ramp firm, trust their instincts and knowledge, and catch the day trading profits they merit. Traders trust Yu’s difficult core, merely-the-facts perspective to manicure through the fluff, hype, and misinformation, and present efficacious trading tips and strategies on techniques, order expelling, technological analysis, market maker activity, and more.

Here, Yu dynamically transfers his methods for making daily, existent-time recommendations to the published page. Traders will infer instant benefit from Yu’s square, Web site-driven analyses including: *
Vital and detailed information on the unlike stock markets *
Techniques to profit from IPOs and Internet stocks *
A day in the life of a successful electronic trader

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Electronic Day Trading Made Easy, Revised and Expanded 2nd Edition: Become a Successful Trader

Electronic Day Trading Made Easy, Revised and Expanded 2nd Edition: Become a Successful Trader

Stock market fluctuations create increased trading opportunities—but also risks. Savvy day traders know that the keys to success in an up or down market are understanding and anticipating market movements while applying the right strategies at the right time.

This revised and expanded edition of the classic Electronic Day Trading Made Easy gives you the most current trading information to stay ahead of your competitors and the markets. Trading expert Dr. Misha Sarkovich shows you successful strategies for identifying short-term trading opportunities and avoiding rookie mistakes. Whether you’re a beginner or an active trader looking for a competitive edge, you’ll learn how to:

Minimize trading risk in a volatile offer
Use technical analysis to identify tops and bottom
Find the best software and online resources
Understand ECNs—including when and how to use them
And much, much more

With complete lessons on everything from technical analysis to reading Nasdaq Level II screens, this book is the ultimate, tried-and-true guide to day trading and developing a disciplined strategy for maximum success.

“A clear analysis providing guidelines for minimizing adventuring and maximizing gains.” —Stuart Townsend, President, Townsend Analytics, Ltd.

“A timely, insightful, and instructive review of the core elements any day trader should understand to prepare for successful trading.” —Philip R. Berber, Founder, CyBerCorp

“A must-read for new traders and seasoned veterans alike.” —Tim Bourquin, Cofounder, Online Trading Expo

List Price: $ 29.95

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3 Day Trading Tips for Every Trader and Every Market

At a recent conference, I had the happen sit down with a few traders to discuss our daily trading habits.  One of these traders occurred to be John Paul from Day Trade to Win.  Although I had never met these traders before this particular tradeshow, it was surprising that we followed similar routines before, during and after market.  Even more surprising, not ane of us could point to a source that provided us with the “three things every trader should know.”   We appear to have simply developed these habits by calculated out what was successful in our daily routines.

This list consists of three things we wish we would have been taught at the start of our day trading careers instead of learning them much later.  Feel free to put the following tips into practice every day, in all markets you trade.

1. Frequently check the Bloomberg Economic Calendar (http://www.bloomberg.com/markets/economic-calendar/) for news events that will affect the markets you trade.  Bloomberg has done an excellent job in neatly summarizing each economic report that is expected to cause waves in the financial world.  For example, today’s listings include Consumer Price Index, Jobless Claims, Industrial Production, 3-Month Bill Announcement and much more.  It’s worth pointing out that Bloomberg lists both public and private sector events.  Expect to see public / government events listed far into the future whereas private announcements crop up with no more than a week’s notice on occasion.  The events you need to watch out for are indicated with a red star as “Market Moving.”  Why is it important to pay attention to news events?  Headlines can cause major, unexpected moves that will leave you wondering what happened on the losing end of a trade.  These periods of high volatility only last a few bars (a half-hour usually at most).  Before entering a trade again, it is best to wait until volatility returns to a normal level.  Trading should be both safe and consistent.

2. Know when to roll over to a new contract in your day trading software. While this example mainly applies to CME traders (E-Mini S&P and related markets), other currencies commodities and even stocks adhere to some type of annual calendar.  An early roll over ensures that you’re not left behind trading a market that is barely moving (low volatility).  For the CME’s financials, currencies and indices, contracts are rolled over on the second Thursday of the following months: March, June, September and December.  Most day trading software such as NinjaTrader, TradeStation and eSignal will automatically warn you of impending rollovers (or on the day of contract expiration).  If you are suspicious that a market is performing under par, you can check its volume using a plain old volume indicator.  If you compare the volume between two contracts, you can easily see what everyone is trading.  Why is it important to roll over your contracts?  Traders should trade the contract with the highest volume and liquidity.  An excellent video on this subject is available at the Day Trade to Win blog: http://daytradetowin.com/blog/2011/03/10/how-to-roll-over-futures-contract-today-is-the-day/

3. Trade based on price action and not what the news anchors are saying. Referring back to the first tip in this article, it’s easy to see how planned news events tinning adversely affect a market’s price action.  Traders must also take into account unexpected news, both national and international.  So far, 2011 has been an extremely turbulent year, with the recent earthquake / tsunami in Japan and uprisings / political reform in the Middle East.  It comes to no surprise that during news reports related to major events, listeners / viewers are also told about each event’s economic impacts.  News agencies are keenly aware that audiences desired to know how economies are influencing one another during turbulent times.  Some traders take this information and apply it directly to how they are trade.  If the news is bad; some traders will foolishly go short in the market.  Likewise, good news will prompt some traders to go hankering, despite what is indicated by anterior price action.  This directly-effectuate news trading style is worsened by many of today’s news organizations tarnishing the facts with opinion, thereby misshaping information to benefit a specific agenda.  Not only does a trader have to consider accuracy and the source of the information, timeliness also becomes a factor.  Because of all these variables, trading based on unpredictable news events should be largely avoided.  Stay with what works – trade based on what is seen directly in front of you; the bars, candles, the determining action.  Charts with a fast data stream are your best friend.  If you want to learn more about how to use price action to trade and ignore the false signals, the best place to learn is at DayTradeToWin.com.

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The Ultimate Professional Trader Plus CD Library

The Ultimate Professional Trader Plus CD Library

  • Study at Your Own Pace!
  • Receive over 38+ hours (24 CD’s) of our highest quality trading education in one package!
  • Includes: FOREX (1-2), OPTIONS (1-3), EMINIS (1-2)
  • TECHNICAL ANALYSIS (1-3), SHORT SELLING, CONTROLLING YOUR TRADE,
  • RISK MANGT., TRADING TAXATION, and more…

Receive over 38+ hours (24 CD’s) of our highest quality trading education in one package! From our beginner to our more advanced CDs, this package will work synergistically to increase your trading knowledge and propel you to trading success. This comprehensive course is delivered to you at your own pace through a multi-media CD-Rom series with complete navigation and online testing capabilities.

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The Ultimate Day Trader: How to Achieve Consistent Day Trading Profits in Stocks, Forex, and Commodities

The Ultimate Day Trader: How to Achieve Consistent Day Trading Profits in Stocks, Forex, and Commodities

  • ISBN13: 9781605500089
  • Condition: New
  • Notes: BRAND NEW FROM PUBLISHER! BUY WITH CONFIDENCE, Over one million books sold! 98% Positive feedback. Compare our books, prices and service to the competition. 100% Satisfaction Guaranteed

Day trading is difficult. The path is fraught with risk. But a pot of gold awaits those who learn their lessons well. After four decades in the markets as a trader, analyst, author, educator, and system developer, Jacob Bernstein sets down a comprehensive guide to the art of day trading. You will learn:

  • New day trading methods
  • Order entry strategies
  • How to avoid costly errors when using electronic trading platforms
  • Detailed strategies to maximize profits

With this book, readers will have the complete manoeuvre they need to profit from this wild but exciting field. Trading profits are just a day away.

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Day Trading For A Living: What Anyone Considering A Career As A Professional Trader Needs To Know

Dr. Adrian Manz has been a professional equities trader for nearly 12 years. In this video he discusses the potential the business has to offer to entrepreneurs looking for a new career and describes the important considerations in selecting trader education. This is the first in a series of videos for new day traders, swing traders, position traders or those looking to get started in financial futures trading.
Video Rating: 4 / 5

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