Trading 101: How to Trade Like a Pro (Hardcover)

~ (Author) "This book, Trading 101, is the collection of years of study and experimentation, condensed to an easy-to-use guide for the newcomer..." (more)
Key Phrases: positive mathematical expectation, tick data, trading software, The Money Mentor, Elliott Wave, Futures Truth (more...)

Editorial Reviews

Product Description

"I vowed to one day write a book so that other novices would not have to go through the same grueling process to learn about trading."—Sunny Harris

With a surge in the number of people trying their hand at trading today—baby boomers, retirees, individual investors—it's more important than ever to develop a solid working knowledge of the rudiments of this potentially profitable practice. Trading 101 is a clearly written, concise, and thorough introduction to the basics.

The author, renowned for her successful Trading 101 seminars, creates an indispensable reference covering everything from charting techniques and trading vehicles to technical analysis and current market buzzwords. With easy-to-read charts and graphs supplementing the text, this is an invaluable resource for complete information on:

• The whats and the how-tos: What is a put? What is a call? How do I place a trade? How do I select a broker?
• Fundamental analysis and its economic indicators — leading indicators, real GDP, interest rates, productivity
• Developing your own trading system—design, costs, backtesting the system, and evaluating your performance
• Obtaining fundamental data—bulletin board services, commercial data vendors, the Internet, chart services
• Setting up your trading as a business — developing a business plan, legal and tax questions, back office services
• Discipline—sticking to your system, finding coaches that can help you stay motivated, keeping a diary

Trading 101 also provides details on which newsletters offer dependable investment advice, how to choose the best discount brokerage, and which of today's computers and financial software packages are the best for planning and evaluating trades.

Complete with glossary, bibliography, and listings of networking and educational meetings on the Internet, as well as beginner seminars and conferences, software vendors, and recommended books, this comprehensive, easy-to-use guide is the one to have in hand before entering the unpredictable and competitive world of trading.

Praise for Trading 101

"Trading 101 should be required reading for every new or prospective futures trader. It provides more solid information and all-around knowledge than any other book I've ever seen on the subject. It receives my unqualified endorsement and takes top place on my list of recommended titles for futures traders."—Edward Dobson, President, Traders Press, Inc.

"Trading 101 is a great idea. There was nothing like this when I started out. The novice trader now has a place to start the search. Oh, the time it would have saved me!"—John Bollinger, CFA, CMT, President, Bollinger Capital Management, Editor, The Capital Growth Letter

"Sunny has done a great job in bringing a highly complex and diverse topic to the level of human understanding—must reading for every new trader."—Jake Bernstein, author The Investor's Quotient, Second Edition

From the Publisher

Individual investors are trying their hand at futures and options trading in ever greater numbers. Trading 101 is written specifically for these investing newcomers. It not only explains market jargon and trading basics--what is a put? what is a call?--but also guides readers through the how-to's of day-to-day futures and options trading. This guide is the first place novice traders will turn to for answers to questions such as: How do I place a trade?, What do I say?, How do I select a broker?, and What do I tell them when I open my account?. This book supplies exactly the information that novices and individual investors need to get started in futures and options trading.

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Product Details

• Hardcover: 224 pages
• Publisher: Wiley; 1 edition (June 21, 1996)
• Language: English
• ISBN-10: 0471144452
• ISBN-13: 978-0471144458
• Product Dimensions: 9.1 x 6.3 x 0.7 inches
• Shipping Weight: 1 pounds (View shipping rates and policies)
• Average Customer Review: 3.4 out of 5 stars  See all reviews (10 customer reviews)
• Amazon.com Sales Rank: #956,200 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

7 of 8 people found the following review helpful:

5.0 out of 5 stars Don't flick through it. Study it!!, May 19, 1999

By A Customer

Like many people, when I first picked up this book I thought that it might be a little light and fluffy without too much useful conetent, least of all for the money. Then someone reccomended it to me, so I paid the money and read it, three times.

It is a must for people who are thinking about getting into trading and investing because it makes people aware that they are embarking on a venture which could be very profitable. As a result, this realyy means that if you are trading, for what ever reason, you are in the business of trading and you had better treat it like a business.

Trading 101 is generally the first book I suggest to people because it is crammed full of subjects which need to be studied if you want to stand a chance of being successful in the high stress world of trading.

One chap I reccomended it to found that it helped him reorganise his existing business so that it ran more efficiently as well.

Sunny's style is light and easy to read, and some mistake this for the content as well. The content is thorough and broad. It is insightful and inspiring. For the mug punter it will probably seem like irrelevant material. That is until it is the only left that they own. Then they will see that it contains the wisdom that would have helped them keep and compound their profits.

When this review was written then listing only gave this book three and a half stars. To me, this was a mistake. It is a definate 5 star for erious starters.

3 of 3 people found the following review helpful:

3.0 out of 5 stars Before you get those training wheels . . ., September 3, 2003

By	Charles Miller (San Jose, CA USA) - See all my reviews (REAL NAME)

If you know absolutely nothing about trading, this is a good place to start. However, don't expect to make any money without a great deal more work. Ms. Harris does a pretty good job of listing the things that need to be done before starting to trade, but doesn't treat any single topic in sufficient detail to really cover it. That said, this is still a pretty good book, as long is it is viewed as a study guide, and not the real text.

2 of 2 people found the following review helpful:

4.0 out of 5 stars A Good Introduction to Trading, May 5, 2002

By	paradox148 (Australia) - See all my reviews

I have found this book somewhat simplistic and out of date. However, as a book written for the newcomers I think the author has covered the subject matter quite well and especially in pointing out the importance of extensive education required, a good trading system and money management skills. No illusion had been created in misleading the reader to think that making money in the market is quick and easy(as many other authors have done). This is very important.

As the author has stated: "You will learn about the existence of of concepts, but will not learn the concepts in depth. You will, however, learn where to look for information on each of these concepts, so that you may explore in-depth and develop your knowledge base further..."

It does NOT show you the nitty gritty details of "How to Trade Like a Pro". Like the cover: suitable for an intro book on the matter!