Day Trade Online: Start Trading for a Living Today (Wiley Trading Advantage Series)

Day Trade Online: Start Trading for a Living Today (Wiley Trading Advantage Series)

by Christopher A . Farrell (Author)

Synopsis

Day trading can be quite lucrative, but only if you know what you are doing. As Farrell points out: "Trading for a living is hard. Trading for a living over the Internet is even harder. There are many challenges and obstacles that confront you. Venturing into this jungle unprepared is a recipe for disaster." This straightforward guide provides the head start and heads up necessary to thrive as a day trader, covering everything from the dangers and pitfalls of trading online to an in-depth analysis of which trading techniques work and which don't. Day Trade Online, Second Edition presents inside information on the strategies of top trading firms, including the most secretive, misunderstood, and profitable function on Wall Street. Most importantly, you will learn to look at ten different stocks and pinpoint which one to trade, when, at what price, and why. With the right know-how, you will be able to apply this knowledge to every single stock that you screen.

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Quantity

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More Information

Format: Hardcover
Pages: 256
Edition: 1st Edition
Publisher: John Wiley & Sons
Published: 23 Apr 1999

ISBN 10: 0471331201
ISBN 13: 9780471331209

Media Reviews
Of the many day-trading books that have made it on the Business Week list in the past year, Farrell's is perhaps the most readable. Unlike the other tomes written by veteran traders, his book really starts from the beginning, explaining how stocks are traded. Then he lays out some basic common sense -day traders should choose their moments carefully, getting in and out of stocks quickly, aiming to hit singles, not home runs, he writes. He clearly explains the pros and cons of using regular online discount brokerage accounts and advises readers to expect occassional glitches and late order fills as part of the costs of doing business...Ultimately, DAY TRADE ONLINE is most successful at giving the reader a realistic picture of what the life of an online day trader is like.
Author Bio
CHRISTOPHER A. FARRELL heads Farrell Asset Management, LLC and is founder of the Farrell Preferred Stock Arbitrage Fund, LP, a hedge fund. Since starting his own firm in 1997, Chris has traded over 15,000,000 shares of stock over the Internet, producing a 65% annual return for his investment fund in its first year. Before going out on his own, Chris was a trader on the preferred stock desk at Gruntal & Company LLC on Wall Street, and began his career as a bond trader at Olde Financial in Detroit. Chris lives in New York City.