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Preface | |
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Acknowledgments | |
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Perspective on Day Trading: Observations, Claims, and Caveats | |
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Why Day Trade? | |
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Day Trading, Discipline, and Persistence | |
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Day Trading: Advantage or Disadvantage? | |
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As You Read This Book | |
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The Importance of Self-Discipline | |
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What Do I Mean by Discipline | |
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A Review of Market Timing Indicators | |
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Traditional Moving Average Indicators (MA) | |
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Variations on the Theme of Moving Averages | |
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Stochastics (SI) and Relative Strength Indicator (RSI) | |
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Chart Patterns and Formations | |
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Parabolic | |
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ADX and DMI | |
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Cycles | |
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Seasonals | |
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Momentum/Rate of Change | |
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Market Sentiment Indicators | |
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Breakout Methods for Day Trading | |
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Day Trading: Art or Science | |
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An Issue of Discipline | |
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When Art and Science Diverge | |
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Art versus Science: What to Do? | |
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Day Trading: The Good, the Bad, and the Ugly | |
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Most Trading Systems Just Don't Work | |
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Commissions can "Eat You Alive" If Your Trading Method Is Marginally Successful | |
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Professionals Win, the Public Loses | |
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Do You Have Protection Against Bad Price Fills? | |
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Misinformation and Disinformation Run Rampant | |
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Traders Love SandP Trading but Most Traders Lose in SandP | |
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Futures Options: Reality and Myth | |
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Insiders Still Reap the Rewards | |
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Your Odds of Success Are Worse Now Than Ever | |
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Computers: Help or Hindrance | |
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The 30-Minute Breakout | |
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Basic Method | |
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Additional Parameters | |
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Stop Loss and Trailing Stop Loss | |
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What to Expect | |
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Analysis of Test Results | |
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Which Markets Are Best? | |
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Risk and Reward: Reality and Rationality | |
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Day of the Week Patterns | |
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Examples of Key Date Seasonals | |
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Using Day-of-Week and Specific Date Price Patterns for Day Trading | |
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Day of Week, Date, or Day in Month? | |
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Day-of-Week Patterns with Timing | |
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Trading Systems: Pros and Cons | |
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The Purely Technical Trader | |
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The Purely Fundamental Trader | |
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The Techno-fundamental Trader | |
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The Intuitive Seat-of-the-Pants, Guts-and-Glory Trader | |
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Power of the Inside Day | |
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Inside Day Example | |
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Inside Days and Trend Change | |
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Reviewing the Rules | |
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System Testing and Optimization: Friend or Foe? | |
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Why Test Trading Systems? | |
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Test Your Trading System | |
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Optimization | |
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A Rational Approach to System Development | |
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Emotions, Traders, and Markets | |
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Develop Your Rules | |
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Systems Trading, Discipline, and Profits | |
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A Few Good Ways to Lose Money Trading the Futures Markets | |
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How about Some Positive Suggestions? | |
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What Markets to Day Trade? | |
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Trading Volume | |
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Volatility | |
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The Double-Edged Sword | |
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Changing Conditions | |
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Can Commodity Spreads Be Day Traded? | |
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Recommended Spreads for Day Trading | |
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Closing and Openings | |
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High/Low/Close Relationships | |
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Open/close Relationships | |
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Developing a Trading System on the Open versus Closed Relationship | |
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Gap Methods for Day Trading | |
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A Day Trader's Dream | |
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Oops! | |
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How a Basic Gap Buy Signal Is Established | |
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How a Basic Gap Sell Signal Is Established | |
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Psychology of the Gap Trade | |
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The "Best" Gap Trades | |
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Pragmatic Considerations in Trading Gaps | |
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Variations on the Gap Trade Theme | |
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Period of Gap Comparison--Multiple-Day Gap Signals | |
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Intraday Follow-Up of Gap Trades | |
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Accumulation Distribution Oscillator Derivative | |
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The Ideal Situation | |
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Accumulation/Distribution Theory | |
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Using the A/D Oscillator | |
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The Advance/Decline Derivative (ADD) | |
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The Importance of Orders | |
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What You Should Know about Market Orders | |
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Market-If-Touched (MIT) Orders | |
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Fill-or-Kill (FOK) Orders | |
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Stop Orders | |
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Stop Limit Orders | |
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Good-Till-Canceled Orders | |
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One Cancels the Other (OCO) | |
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Using Orders to Your Advantage | |
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The Psychology of Day Trading | |
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Patience, Impatience, and Temperament | |
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Personality Traits of the Successful Day Trader | |
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The Dangers of Being Meek | |
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A Few Thoughts about Self-Control | |
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Some Additional Thoughts about Day Trader Psychology | |
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A Successful Day Trader Needs Discipline | |
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Willingness to Accept Losses | |
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The Ability to Avoid Overtrading | |
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The Ability to Specialize | |
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Beginning with Sufficient Capital | |
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The Ability to Use News to Your Advantage | |
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Taking Advantage of Brief Price Surges | |
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Sticking to Your Daily Goal | |
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Using Market Sentiment to Find Day-Trading Opportunities | |
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The Day Trader's Rules for Success | |
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Determine Your Orientation--Know Your Direction | |