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Preface | |
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Acknowledgments | |
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Introduction: The Wholehearted Amateur | |
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Psychological Truths and What to Do about Them | |
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Truths about Yourself to Know First | |
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How Often Do You Trade, and How Profitably? | |
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How Much Are You Trading in Capital and Leverage? | |
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How Long Have You Been Trading? | |
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What Financial Instruments Are You Trading? | |
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Are You Trading Other Peoples' Money or Your Personal Capital? | |
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Are You a Licensed Trader, or Trading Independently? | |
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How Were You Trained? | |
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Rules to Remember | |
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How Emotions Can Destroy a Trade | |
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The Fear Factor | |
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Greed Is Not Good | |
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Rules to Remember | |
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Preventing Overconfidence | |
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Ignoring Your Predetermined Stop/Loss Price | |
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Holding Too Long | |
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Rules to Remember | |
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From Impatient to Cool, Calm, and Collected | |
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The Waiting Is the Hardest Part | |
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Deciding to Learn More | |
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Rules to Remember | |
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Taking Breaks | |
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Break When Your Confidence Is Low | |
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Break Because It's Just Not Working | |
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Break and Then What? | |
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Rules to Remember | |
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The Truth about Your Risk | |
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The Importance of Risk Management | |
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The Amount of Trading Capital Allocated to Each Trade | |
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The Timing for Allocating Capital to a Trade | |
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Overexposure to Risk | |
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The Stock or Company You're Trading | |
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The Time of Day You're Trading | |
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Gambling | |
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Rules to Remember | |
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Why Overexposure to the Market Can Hurt | |
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Time versus Timing | |
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Rules to Remember | |
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Budgeting: Knowing Your Financial Limitations | |
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Don't Quit Your Day Job: Catch-22 | |
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Crunching the Numbers | |
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Cushion Cash | |
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Rules to Remember | |
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Minimizing Your Risk with Stop/Loss | |
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Making Stop/Loss Automatic | |
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Rules to Remember | |
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Averaging-Down: A Skilled Strategy | |
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To Average-Down Successfully Takes Mastery | |
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Know-How Doesn't Grow Overnight | |
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Rules to Remember | |
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Gambling versus Day Trading | |
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Rules to Remember | |
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Intraday Trading Truths | |
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Why Some Traders Make More Mistakes | |
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Pick Your Stocks Carefully | |
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Focus, Focus, Focus | |
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Pay Attention to Market-Moving News | |
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Rules to Remember | |
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Trading Consistently All Day | |
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Rules to Remember | |
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Stock Picking: Simplifying the Process | |
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Your Stock Should Have an Average Daily Volume of One Million Shares or More | |
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Choose Stocks between $10 and $100 | |
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Pick Stocks That Display Tradable Intraday Price Swings | |
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Don't Trade Stocks Affected by Strict Federal Regulations | |
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Beware of Stocks Directly Affected by Current News Headlines | |
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Rules to Remember | |
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Why News Can Be Just Noise | |
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Trading on News versus Monitoring News | |
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Rules to Remember | |
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The Truth about Training and Preparation | |
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About Those Training Programs | |
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Seminars for the Greenhorns | |
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Training Programs for the More Experienced Trader | |
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Tips for Selecting the Right Program | |
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Rules to Remember | |
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Picking the Right Online Broker: Pay-per-Share versus Pay-per-Trade | |
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Starting Out with Pay-per-Trade | |
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Transitioning to Pay-per-Share | |
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High Leverage Pros and Cons | |
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Hang on to Your Pay-per-Trade Account | |
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Rules to Remember | |
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Paper-Trading Strategy | |
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Paper Trading for the Amateur | |
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A Word about Advanced Paper Trading | |
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Rules to Remember | |
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Trading for Skill versus Trading for Income | |
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Building a Foundation of Trading Skills | |
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First Level | |
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Second Level | |
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Third Level | |
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Summary | |
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Rules to Remember | |
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The Perfect Trading Day | |
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Early Morning Activities | |
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Pre-market Trading | |
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The Opening Bell | |
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Midday Activities | |
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The Last Hour of Trading | |
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The Closing Bell | |
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After-Market Trading | |
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Homework | |
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The Worst Trading Day | |
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Early Morning Activities | |
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Premarket Trading | |
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The Opening Bell | |
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Midday Activities | |
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Last Hour of Trading | |
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The Closing Bell | |
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After-Market Trading | |
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Homework | |
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Conclusion: Parting Words | |
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Appendix: Rules to Remember | |
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About the Author | |
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Index | |