The Long-term Day Trader: Short-term Strategies to Boost Your Long-term Profits (Paperback)

by Michael Sincere (Author), Deron Wagner (Contributor) "It took awhile before I actually believed that you could make money as a short-term trader..." (more)
Key Phrases: Close Volume, Relative Strength Mon Jan, Wall Street (more...)

Editorial Reviews

Product Description
Find out how you can use the short-term strategies of the professional day trader to improve your long-term returns. It doesn't matter whether you are a short-term trader or a long-term investor. By using the most profitable tactics of the top day traders, you really can boost your long-term returns.

Author and long-term investor Michael Sincere prefers to buy high-quality stocks, mutual funds, and index funds. Professional day trader Deron Wagner believes in short-term trading tactics. The Long-Term Day Trader is a synthesis of both strategies.

You'll learn:
* How long-term investors can profit from the secrets of day traders.
* How to find the trading system that fits your personality and meets your goals.
* How to be a winning long-term day trader.
* Why day traders lose money and how long-term day traders can avoid the pitfalls.

Product Details

• Paperback: 256 pages
• Publisher: Career Press (March 1, 2000)
• Language: English
• ISBN-10: 1564144534
• ISBN-13: 978-1564144539
• Product Dimensions: 9 x 6 x 0.5 inches
• Shipping Weight: 11.8 ounces (View shipping rates and policies)
• Average Customer Review: 4.0 out of 5 stars See all reviews (14 customer reviews)
• Amazon.com Sales Rank: #474,535 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

19 of 20 people found the following review helpful:

5.0 out of 5 stars Sensible and Intelligent Instruction on the New Stock Market, August 24, 2000

By	"kerrystan" (Pennsylvania) - See all my reviews

I had been thinking about trying to learn more about online trading when I saw the authors on ABC World News Now. They seemed to know what they were talking about and talked in plain English instead of 'insider' jargon. And that's how they wrote their book, too.

Not having a lot of experience with the stock market previously, their book taught me 'from the bottom-up,' so to say, by introducing and explaining basic investing concepts before addressing the online aspect and their own philophy toward long-term day-trading.

I like the calculated, intelligent approach they advocate as opposed to advancing a high pressure, sure-fire get rich quick scheme which some other books I'd browsed seem to propose.

The book made me feel more confident in my decisions, and even helped me feel more confident simply discussing the stock market and investing.

The best thing one can say about a book is that you've recommended it to others, and I've done so with several family members and friends. I also highly recommend it to anyone considering entering day-trading. This book will show you the 'slow and steady' wins the race philosophy that will continue bringing you returns after the get-rich crowd are jumping onto the next bandwagon!

13 of 13 people found the following review helpful:

3.0 out of 5 stars Not nearly technical enough, August 28, 2000

By	Douglas Welzel (Seattle, WA) - See all my reviews (REAL NAME)

I was never really interested in trading, but wanted to learn a bit about it so I decided to pick up a copy of this book since it looked like it might bridge the gap between investing and trading. The writing style is very accessible and the authors clearly discuss the diferences between trading and investing. In this respect, it met my expectations. However, I felt that the book was nothing more than a set of "rules of thumb" that were cobbled together in a book. I certainly enjoyed the read, but the lack of well defined rules makes me reluctant to try the methods discussed. I was even more disappointed to find that the authors mention that these methods are "statistically proven", but never present any of these proofs. If you are interested in learning more about trading this book might be worth a quick read, but I'd recommend finding something more technical if you really want to take a quantitative approach to trading.

31 of 36 people found the following review helpful:

5.0 out of 5 stars It Took Years To Develop This Style Without The Book, June 24, 2000

By A Customer

After years of trading I stumbled on the same techniques described in this book. My trading portfolio is up 250% this year! There are some gems of wisdom that make this book extremely useful; if I had read Oliver Velez's (Pristine.com) interview a week earlier I would have saved thousands with some of his rules. This book is a broad view of a trading style; you have to determine your own preferences of technical indicators that suit you however. This book can jumpstart you to a successful trading style. BTW, by long term they mean 2-5 days.