Details

Swing and Day Trading


Swing and Day Trading

Evolution of a Trader
Wiley Trading 1. Aufl.

von: Thomas N. Bulkowski

50,99 €

Verlag: Wiley
Format: PDF
Veröffentl.: 08.01.2013
ISBN/EAN: 9781118516966
Sprache: englisch
Anzahl Seiten: 320

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Beschreibungen

<b>Comprehensive coverage of the four major trading styles</b> <p>Evolution of a Trader explores the four trading styles that people use when learning to trade or invest in the stock market. Often, beginners enter the stock market by:</p> <ul> <li>Buying and holding onto a stock (value investing). That works well until the trend ends or a bear market begins. Then they try</li> <li>Position trading. This is the same as buy-and-hold, except the technique sells positions before a significant trend change occurs.</li> <li>Swing trading follows when traders increase their frequency of trading, trying to catch the short-term up and down swings. Finally, people try</li> <li>Day trading by completing their trades in a single day.</li> </ul> <p>This series provides comprehensive coverage of the four trading styles by offering numerous tips, sharing discoveries, and discussing specific trading setups to help you become a successful trader or investor as you journey through each style.</p> <p><i>Trading Basics</i> takes an in-depth look at money management, stops, support and resistance, and offers dozens of tips every trader should know.</p> <p><i>Fundamental Analysis and Position Trading</i> discusses when to sell a buy-and-hold position, uncovers which fundamentals work best, and uses them to find stocks that become 10-baggers—stocks that climb by 10 times their original value.</p> <p><i>Swing and Day Trading</i> reveals methods to time the market swings, including specific trading setups, but it covers the basics as well, such as setting up a home trading office and how much money you can make day trading.</p>
<p>Preface ix</p> <p>Acknowledgments xv</p> <p><b>Chapter 1 Introduction to Swing Trading 1</b></p> <p>What Is Swing Trading? 1</p> <p>Who Should Swing Trade? 2</p> <p>A Swinging Example 3</p> <p>Looking Ahead 5</p> <p><b>Chapter 2 Swinging Techniques 7</b></p> <p>Quick Review: Support and Resistance 8</p> <p>Trendline Trading 9</p> <p>Trading Using Channels 15</p> <p>The Three-Bar Net Line Setup 17</p> <p>First Thrust Pattern for Swing Trading 26</p> <p><b>Chapter 3 Swinging Chart Patterns 31</b></p> <p>Which Chart Patterns Work Best for Swingers? 32</p> <p>Trading the High and Tight Flag 33</p> <p>HTF Trade in Insteel Industries 40</p> <p>Fishing for Inverted and Ascending Scallops 42</p> <p>Scallop Trading Tips 43</p> <p>Twice Is Nice: Eve & Eve Double Bottoms 44</p> <p>Trading Eve & Eve 46</p> <p>Top Seven Frequently Traded Chart Patterns 47</p> <p>My Favorite Chart Patterns 53</p> <p>Swinging Throwbacks and Pullbacks 56</p> <p>Trading Example 59</p> <p>CNO Throwback Entry 60</p> <p>Measuring Swings 62</p> <p>FTO Trade 64</p> <p><b>Chapter 4 Swing Selling 69</b></p> <p>Selling Ideas 70</p> <p>Top 20 Chart Pattern Performers 71</p> <p>Diamond Tops and Bottoms 73</p> <p>Complex Head-and-Shoulders Top 77</p> <p>The Eight Best Exit Signs 80</p> <p>Ten Favorite Sell Signals 84</p> <p>Trading Example: The Teradyne Exit 90</p> <p>Trading Example: Exiting Forest 92</p> <p>Trading Example: Swinging CNO 94</p> <p><b>Chapter 5 Event Pattern Setups 97</b></p> <p>Common Stock Offerings Setup 97</p> <p>Surviving a Dead-Cat Bounce 102</p> <p>The Inverted Dead-Cat Bounce Setup 106</p> <p>Trading Dutch Auction Tender Offers 108</p> <p>Earnings Surprise Setup 111</p> <p>Earnings Flag Setup 118</p> <p>Stock Upgrades and Downgrades 120</p> <p>Stock Splits 125</p> <p>Setup: Trading Reverse Splits 129</p> <p><b>Chapter 6 Swinging Tools and Setups 133</b></p> <p>The Chart Pattern Indicator 133</p> <p>The Swing Rule 137</p> <p>Pump Up the Volume or Not 142</p> <p>Selecting Winners Using Index Relative Strength 145</p> <p>Three Swing Trading Setups 147</p> <p>Trading Setup: Simple Moving Average Tests 157</p> <p>The Smile and Frown Setup 158</p> <p>Trading Smiles and Frowns 160</p> <p>Smile and Frown Trading Tips 162</p> <p><b>Chapter 7 Introduction to Day Trading 167</b></p> <p>What Is Day Trading? 169</p> <p>Why Day Trade? 169</p> <p>Is Day Trading for You? 170</p> <p>What Are the Problems of Day Trading? 172</p> <p><b>Chapter 8 Day Trading Basics 177</b></p> <p>Managing Expectations: How Much Can You Really Make? 178</p> <p>Building the Home Office 179</p> <p>Office Setup Cost 184</p> <p>Pattern Day Trading Rules 185</p> <p>Wash Sale Rule 186</p> <p>Eight Tips for Picking Stocks to Day Trade 187</p> <p>Price Reversal Times Revealed! 191</p> <p>What Time Sets Intraday High and Low? 193</p> <p>Inside Level II Quotes 195</p> <p>Heartbeat of the Market: Time-and-Sales Ticker 197</p> <p>Pre-Market Checklist 198</p> <p>After-Market Analysis 199</p> <p><b>Chapter 9 Opening Gap Setup 203</b></p> <p>Opening Gap Test Data 204</p> <p>Setup: Fading the Opening Gap 204</p> <p>Sample Trade 217</p> <p><b>Chapter 10 Day Trading Chart Patterns 221</b></p> <p>Day Trading Double Tops 221</p> <p>Day Trading Triple Tops 225</p> <p>Day Trading Symmetrical Triangles 226</p> <p>Day Trading Head-and-Shoulders Tops 228</p> <p>Day Trading Double Bottoms 229</p> <p>Day Trading Head-and-Shoulders Bottoms 231</p> <p>Day Trading Triple Bottoms 232</p> <p>Other Trading Tips 233</p> <p><b>Chapter 11 Opening Range Breakout 237</b></p> <p>What Is Best Range Time? 238</p> <p>The ORB Setup 241</p> <p>Does the ORB Setup Work? 247</p> <p><b>Chapter 12 Ten Horror Stories 251</b></p> <p>This is a Winner, Mom. Buy it! 251</p> <p>Three Newsletter Disasters 252</p> <p>Three Option and Warrant Disasters 254</p> <p>Two Missed Opportunities 257</p> <p>The $1 Million Surprise 260</p> <p><b>Chapter 13 closing position 263</b></p> <p><b>Chapter 14 what we learned 265</b></p> <p>Visual Appendix of Chart Patterns 277</p> <p>Bibliography 283</p> <p>About the Author 287</p> <p>Index 289</p>
<p>“The three books in this series were written for people unfamiliar with the inner workings of the stock market, but will still curl the toes of professionals, too.  Research is used to prove the ideas discussed, but is presented in an easy to understand and light-hearted manner.  You will find the books to be as entertaining as they are informative and packed with moneymaking tips and ideas.  Use the ideas presented here to hone your trading style and improve your success.  Whether you are a novice who has never purchased a stock but wants to, or a professional money manager who trades daily, these books are a necessary addition to any market enthusiast’s bookshelf.”<br /> —<b>Alan Battista</b>, Stockineer.com Book Review</p>
<p><b>THOMAS N. BULKOWSKI</b> is a successful investor with thirty years of experience in the stock market. He is also the author of the Wiley titles <i>Encyclopedia of Candlestick Charts, Encyclopedia of Chart Patterns, Getting Started in Chart Patterns, Trading Classic Chart Patterns,</i> and <i>Visual Guide to Chart Patterns</i>. Bulkowski is also a contributor to <i>Active Trader</i>, <i>Technical Analysis of Stocks & Commodities</i>, and other publications worldwide. Before earning enough from his investments to retire from his day job at age 36, Bulkowski was a hardware design engineer with Raytheon and a senior software engineer for Tandy Corporation.
<p>This final installment of <i>Evolution of a Trader</i> introduces the two most popular short-term trading approaches: swing trading and day trading. <p>The first part of <i>Swing and Day Trading</i> pioneers swing trading using trendlines, channels, and two patterns, the three-bar net line and first thrust. Following that, Bulkowski offers step-by-step coverage of an array of swing trading strategies, tools, and techniques. You'll learn the basics of how to time your entries and exits, how to calculate price targets, how to read and profit from event patterns (including Bulkowski's favorite, the "inverted dead cat bounce"), and several trading setups, detailed, and tested. <p>In the remaining chapters, Bulkowski digs into the white-knuckle world of day trading. He starts by exploring the psychology of day trading and helps you decide if you're temperamentally and financially suited for it. He discusses what's involved in setting up a day-trading home office, reviews the rules for day traders (pattern day trading and wash sales), how to pick stocks to trade, and discusses new research on the most common reversal times of the day including discoveries of when stocks reach their intraday highs and lows. A pre-market checklist serves as guidance for trading plans. <p>He researches the opening gap setup, discusses common intraday chart patterns and how to profit from them, describes the opening range breakout setup, and completes the book with ten horror stories that will make you think twice about using leverage. <p>Bulkowski's work sets an example for how financial books should be written. He doesn't just repeat what others have said. Rather, he investigates and researches his facts before teaching the reader in an entertaining and informative style that is accessible for beginners and professionals. <p>Whether you're just dipping a toe in the swing or day trading waters or you're a veteran of a thousand trades, <i>Swing and Day Trading: Evolution of a Trader</i> is one resource you cannot afford to be without.