Day Trade Part-Time [Hardcover]

John Cook (Author), Jeanette Szwec (Author)

Book Description

Series: Wiley Online Trading for a Living | Publication Date: September 15, 2000

The Quick-Start Guide for Becoming a Successful Day Trader-In Your Spare Time

Are you intrigued by stories of inexperienced day traders pocketing a year's salary on one well-placed trade? Day Trade Part-Time will show you how to start day trading at your own pace and-by trading before work, after work, or whenever you have a few minutes-grab a foothold in this exciting, potentially lucrative trading phenomenon.

Today's up-and-down markets have proven to be ideal for scalping quick day trading profits, and Day Trade Part-Time can get you started today. Look to this comprehensive and detailed guide for:
* Information and resources guaranteed to shave months off your learning curve
* Expert guidance on setting up your own day trading account
* Strategies to test your skills before placing your own money on the line

Whatever your current career, it's long past time you discovered the lucrative possibilities of electronic day trading. Let Day Trade Part-Time give you a solid foundation of trading knowledge-and the confidence you need to open an account and carve out your own space in this fascinating, fast-action marketplace.

Look for other in-depth trading guides from the Wiley Online Trading for a Living series, including:

How I Trade for a Living by Gary Smith

Trade Options Online by George A. Fontanills

Trade IPOs Online by Matthew D. Zito and Matt Olejarczyk

Please visit our Web site at www.wileyfinance.com

Editorial Reviews

From the Inside Flap

The day trading book for the rest of us...Successful day traders come in all shapes and sizes, and from every conceivable profession. Many begin as part-time traders-holding on to their day jobs, learning the fine points of day trading at their own pace, and substantially limiting their downside risks while enjoying the same limitless upside potential of other day traders.

Day Trade Part-Time places you front and center in this trading revolution. Authors John Cook and Jeanette Szwec-veteran day traders who taught themselves the rules through trial-and-error-have put together today's most straightforward, no-frills look at how anyone can ease their way into day trading safely and sensibly.

Showing you how to walk before you run, this one-of-a-kind guidebook discusses:
* Simulation trading techniques to test and hone your new knowledge before actually placing your money on the table
* Timing the market like a day trader even if you are buying for the long run
* Today's most highly rated books, seminars, and Web sites-to help you establish the necessary knowledge foundation
* Brokerage firms that specialize in Level I and Level II quotes, and how to select the right broker for your needs
* How the new after-dinner trading hours make it increasingly easy and lucrative to become a part-time trader
* Electronic Communication Networks (ECNs)-how they work and which are right for you
* Short-Term Momentum and Consolidation Breakout-the two strategies behind the majority of day trading action
* Detailed charts describe how stocks performed during real-time trading-and why
* Professional money management strategies for building wealth while limiting losses
* SureStart Suggestions-strategically placed recommendations for developing a trading program based on your own skills and styles

Packed with information most traders must spend years acquiring, Day Trade Part-Time will help you become a careful, knowledgeable, and successful electronic day trader.

From the Back Cover

The Quick-Start Guide for Becoming a Successful Day Trader-In Your Spare Time

Are you intrigued by stories of inexperienced day traders pocketing a year's salary on one well-placed trade? Day Trade Part-Time will show you how to start day trading at your own pace and-by trading before work, after work, or whenever you have a few minutes-grab a foothold in this exciting, potentially lucrative trading phenomenon.

Today's up-and-down markets have proven to be ideal for scalping quick day trading profits, and Day Trade Part-Time can get you started today. Look to this comprehensive and detailed guide for:
* Information and resources guaranteed to shave months off your learning curve
* Expert guidance on setting up your own day trading account
* Strategies to test your skills before placing your own money on the line

Whatever your current career, it's long past time you discovered the lucrative possibilities of electronic day trading. Let Day Trade Part-Time give you a solid foundation of trading knowledge-and the confidence you need to open an account and carve out your own space in this fascinating, fast-action marketplace.

Look for other in-depth trading guides from the Wiley Online Trading for a Living series, including:

How I Trade for a Living by Gary Smith

Trade Options Online by George A. Fontanills

Trade IPOs Online by Matthew D. Zito and Matt Olejarczyk

Please visit our Web site at www.wileyfinance.com

See all Editorial Reviews

Product Details

• Hardcover: 224 pages
• Publisher: Wiley; 1 edition (September 15, 2000)
• Language: English
• ISBN-10: 047139310X
• ISBN-13: 978-0471393108
• Product Dimensions: 9.1 x 6.1 x 0.9 inches
• Shipping Weight: 1.1 pounds (View shipping rates and policies)
• Average Customer Review: 4.0 out of 5 stars  See all reviews (10 customer reviews)
• Amazon Best Sellers Rank: #845,763 in Books (See Top 100 in Books)

More About the Author

Discover books, learn about writers, read author blogs, and more.

Customer Reviews

Most Helpful Customer Reviews

30 of 30 people found the following review helpful:

5.0 out of 5 stars The Author, Jeanette Szwec, September 25, 2000

By 

Jeanette Szwec (Wilmington, NC USA) - See all my reviews

This review is from: Day Trade Part-Time (Hardcover)

When John and I started trading, we found such a confusing mess of information that we had a very difficult time getting started. And it was an expensive time because we had no clear direction or path to take. We wrote this book to serve as a mentor to people who want to give day trading a try, but don't want to "quit their day job" or lose their life's savings to do it.

Day trading is not, and should never be, gambling. In times of extreme market volatility, it can be your most conservative investment style. Understanding and using the principles of day trading can be a safe alternative to a "buy and hold" strategy when the markets are in a zig-zag pattern up and down. With the technology stocks going up 10 points one day and down 10 the next, a careful day trader can capture a piece of that variability each day, whereas a "buy and holder" would be net flat and probably developing a considerable ulcer. Everyone interested in stocks should know enough about day trading to understand good intraday entry points, even if they are primarily investors.

This book is meant to act as your guide - helping you take each step in the learning process toward becoming a successful part-time day trader. We show you how to find a broker, what software you need, what books to read, what web sites to look at, what training course you need, and give you guidance on how to put it all together.

Most important, we tell you everything that can go wrong! And we show you how to practise without risking any of your hard earned money. This is not a get-rich quick scheme. It is an approach that will enable you to capture the daily variations in the market.

John and I were not hedge fund managers. We were not stock brokers. We were just regular people like most of you that wanted to find a way to make a little extra money. We know what regular people "don't" know - we don't assume you have Wall Street Knowledge. We talk to you like we wish someone had talked to us. And we give you examples of the things we went through so you can learn from our experiences and not have to repeat our mistakes.

We wish you much success. Jeanette

17 of 17 people found the following review helpful:

4.0 out of 5 stars Gave Me a Day Trading Foundation, February 20, 2001

By 

J. Bires "DemBones" (Carbondale, IL United States) - See all my reviews
(REAL NAME)   

This review is from: Day Trade Part-Time (Hardcover)

With all the hype about day trading and with the Nasdaq market subject to such wild swings I was looking to take some of my money and attempt to leverage my knowledge base. I have been an enterprise networking products sales person and I consider myself reasonably savvy about emerging trends in technology. Reading this book was my "look before you leap," and provided me with some sound investing guidelines, philosophies, nuggets of information and the kind of reality check that will make this endeavor less akin to buying a lottery ticket. I recommend it for anyone who's interested in managing their own investments.

17 of 17 people found the following review helpful:

5.0 out of 5 stars A must read wish I had read this before starting day trading, October 3, 2000

By 

TC Boone (Gettysburg, PA) - See all my reviews

This review is from: Day Trade Part-Time (Hardcover)

Wish I had this book to read before I started day trading. Are they ever right about starting out as a part-time trader. I've seen a number of people jump into full-time trading too fast and get creamed in the markets. This book covers all the danger areas and shows you how to test your trading skills before you start trading live with your hard-earned money. I didn't realize so much pre-trading preparation was necessary! Any new trader would benefit from following their unique guidelines. I have never seen anyone write about some of the subjects they cover. These might be some of the most important points of all, such as; how to do simulation trading, how to use a trading chat room successfully, the real cost of trading, and the safest approach to start trading live. Believe me, for anyone that wants to learn how to day trade, this is a must read!