Short-Term Trading in the New Stock Market (Paperback)

~ (Author)
Key Phrases: candle reversal patterns, bullish piercing pattern, initial protective stop, Action Item Four, Action Item Three, Moving Average Hot (more...)

Editorial Reviews

Review

“Short-Term Trading in the New Stock Market is a “must-read” source for gaining the trading skills and strategies needed to maneuver in today’s volatile markets. The electronic markets are constantly evolving, and traders of all levels will greatly benefit from the tips and strategies provided by Toni in this comprehensive volume. We are proud to have Toni using the RealTick® platform, and realize that the formula to successful trading starts with a firm understanding of market dynamics and the tools available to best trade them. Short-Term Trading in the New Stock Market is a definitive resource to help traders gain this knowledge.”--MarrGwen Townsend of Townsend Analytics, Ltd.

 

 “In Short-Term Trading in the New Stock Market Toni mentioned “to learn so as to not burn.” Since I focus on candle charts “burn” got my attention! As to the “learn” in that  phrase---you will discover how well (and enjoyably) Toni covers two important aspects: (1) learning how to read the market’s message; and (2) the vital---and much overlooked---aspect of learning about yourself as a trader. This is why Toni’s book is such a gem.  A Japanese proverb says, “A jewel unless polished will not shine.” Short-Term Trading will make your trading shine.”--Steve Nison, CMT, president of Candlecharts.com, author of Japanese Candlestick Charting, The Candlestick Course, and Beyond Candlesticks

 

 “Toni has compiled a wealth of information and knowledge that will help any market participant.  Each chapter opens up the mind and fosters confidence.”--David S. Nassar, founder/CEO of marketwise.com, New York Times bestselling author of How to Get Started in Electronic Daytrading and Rules of the Trade

 

 “I suspect that readers, if they are like me, will be sorry to see this book end. Turner has been able to put each topic into bite-sized pieces that make them very easy to digest. Both the newer and veteran trader will appreciate the fact that she’s more interested in educating and elucidating than in appearing smarter than everyone else.” --Gail Osten, executive editor, Stocks, Futures and Options magazine

Product Description

In an uncertain market, can traders and investors find profits in short-term stock movements?

Bestselling author and trader Toni Turner teaches readers the techniques and strategies needed to trade in today’s up-and-down stock market.  The book begins with “Seven Steps to Trading Success,” which outlines the logistics needed to establish a trading career.  In an upbeat, clear, and lively style, Short-Term Trading for the New Stock Market covers:

 

*The Seven Steps to Trading Success

*What the new stock market looks like

*How to lower risks and increase gains

*How to formulate your own trading business plan

*How to analyze market cycles and find profit opportunities

*Key Charting fundamentals that reveal buy and sell signals using Trends and   Trendlines, Candlesticks, Volume, Momentum Indicators, and other tools for success

*Swing Trading, Position Trading, and Selling Short

*Introduction to E-mini trading and Forex markets

* “Center Points” to find balance and calm in a fast-moving market

 

Short-Term Trading for the New Stock Market is an essential guide for every money-minded trader.

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Product Details

• Paperback: 384 pages
• Publisher: St. Martin's Griffin (September 19, 2006)
• Language: English
• ISBN-10: 0312325703
• ISBN-13: 978-0312325701
• Product Dimensions: 8.1 x 5.4 x 1.1 inches
• Shipping Weight: 10.4 ounces (View shipping rates and policies)
• Average Customer Review: 4.0 out of 5 stars  See all reviews (12 customer reviews)
• Amazon.com Sales Rank: #100,948 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

73 of 81 people found the following review helpful:

2.0 out of 5 stars good beginner guide, but not much more, July 31, 2005

By	AnarchyJim (san francisco, CA USA) - See all my reviews

This review is from: Short-Term Trading in the New Stock Market (Hardcover)

This is actually an excellent introduction to short term trading. Everything is well explained and pleasantly written. Day Trading 101. However, it's not really marketed as that, so it gets 2 stars.

If you read this book and much of it is a revelation, you need to spend the next 4-6 months doing research, reading, and paper trading. If you were to start trading based on what's in this book you would lose your shirt.

It's akin to a book on football that explaines the field, how far apart the lines are, where the end zone is, who the players are, what the positions do, what a pass is, the three things that can happen when you pass, etc. It would even have a few basic plays, the "long pass", "student body right", etc. Everything you need to know about football, except how to actually play and win.

Basic, well explained information is what this book has. And if you're just getting into trading it's a worthwhile read. It'll give you a foundation that will help you understand more advanced books like Secrets Of An Underground Trader or Technical Analysis of the Financial Market (Murphy).

But even the lack of advanced technical stuff is not really a strike against Toni's book. The technical books really are just research books for helping you design your own system. They are practically outdated as soon as they come out and even if they're not, it's a dangerous thing to rely on someone else's system. You need to design a system that you can trade and you're comfortable trading. If you can't do this, NO book can help you.

Which leads to the main reason I gave the book 2 stars. Lack of any real discussion of trading psychology. The book you NEED to buy if you're going to trade is Reminiscences Of A Stock Operator. It's 80 years old and explains the mentality of trading as well as any book out there. The Psychology of Risk is another good book. Understanding what it takes to trade and determining if you have that is critical. As is understanding if you can make split second decisions when it's $40K of your own money on the line.

Toni devotes a few pages to it, including a silly 'Psychology quiz' which is probably the same quiz they use in the back of Cosmo to determine whether you're an agressive lover or a passive one.

She also devotes a page at the end of each chapter to 'self-help' tips. It's true that you can't design a system for yourself if you don't know yourself, so these are helpful. At the end of the day tho, they won't explain what it takes mentally to be a trader. Personally, I find Yoga to be a good way to clear my head in the morning and get focused. But it's a means to end. Not the end itself. Such are the self-help tips in the book. If you don't know what you're trying to achieve, they are only so useful.

So if you've read several books on trading you can skip this. There are much more advanced books out there.

If you're new to trading and are looking for a well written book explaining the basics and a bit more, this is worth the money. But it's not a classic or something you'll find yourself referring to as the years go by.

23 of 23 people found the following review helpful:

5.0 out of 5 stars Excellent trading book , September 9, 2005

By	Fred - See all my reviews

This review is from: Short-Term Trading in the New Stock Market (Hardcover)

I just finished reading Toni's newest book, Short-Term Trading in the New Stock Market. I am happy to report that each chapter has given me helpful advice. I have been trading for five years, and even in the initial chapters, which talk to newer traders, I learned useful points and strategies that I had forgotten, or had not previously known.

Toni teaches trading with a fast-paced writing style and a sense of humor that I appreciate. I particularly liked her chapters on ETFs: their origins, the benefits of trading and hedging with these funds, and where to find them. (She provides a list of the most actively traded.) Her discussion on market internals, meaning futures, TICK, TRIN, put/call ratio and VIX were very helpful to my day trading strategies.

Unlike other trading authors, Toni keeps her ego out of the picture. And, she adds very useful information between chapters on behavioral concept that help keep your trading mindset clear and constructive. All in all, I enjoyed this book very much and have recommended it to my trading friends.

21 of 21 people found the following review helpful:

5.0 out of 5 stars Great book, not just for beginners, December 15, 2005

By	AK (Kentucky) - See all my reviews

This review is from: Short-Term Trading in the New Stock Market (Hardcover)

I read a lot of trading books and have been trading for quite a while. I am always searching for a better book and new ideas. While this book doesn't have any revelations, it does do a wonderful job of reviewing the basics in an easily digestive manner. The author even has some review questions at the end of each chapter to see if you have a good understanding of the material. I particularly like the way the author discusses her stock picks and tells you what she is looking at and her decision process. It helped me ask some different (and better) questions concerning my stock selection before I entered a trade. There are some intermediate level discussions of indicators but very little on system trading (which I am currently researching). All in all an enjoyable book.