Rules of The Trade: Indispensable Insights for Online Profits - Hardcover

Nassar,David

Hardcover

ISBN 10: 0071354638 ISBN 13: 9780071354639

Publisher: McGraw-Hill, 2001

Synopsis

The concise, common-sense insights of a day trading pro

Some traders spend thousands of dollars attending training seminars. If you don't have the time or resources for that, pick up Rules of the Trade instead. This reliable, no-nonsense guide distills the insights of several online trading experts into one short, quick, and easy-to-read book that not only lists the rules, but explains what the rules mean, why they’re important—and the high costs of overlooking them even once.

Packed with real-life examples to illustrate key points, this book— written by David S. Nassar, author of the bestseller How to Get Started in Electronic Day Trading -- will teach you the basic rules of survival, help you preserve capital, learn the ropes, and go on to succeed in this lucrative but volatile profession.

About this title

From the Back Cover:

From the bestselling author of How to Get Started in Electronic Day Trading

Everything You Need to Know to Become a Confident, Knowledgeable Online Trader

Successful traders know:

The rules for profitably trading today's fast-moving stock markets are consistent and dynamic. Traders who don't follow these rules won't last long and may never know how close they were to true trading mastery­­if they had just known the rules.

Rules of the Trade gives you the building blocks toward becoming a profitable, market-wise trader. This detailed examination­­written by acclaimed trader, trainer, and writer David S. Nassar­­shows what traders must do to succeed. Its market-proven rules will show you how to cut losses short and let profits run in every aspect of electronic trading, including:

• Entering and exiting trades
• Psychological discipline
• Stock selection
• Hedging risk
• Evaluating performance
• Utilizing technology and the Internet
• Money management

High-stakes online trading requires discipline, knowledge, and a strict adherence to time-tested rules of trading and market behavior. Rules of the Trade tells you what those rules are, gives you the knowledge and instincts to use those rules perceptively, and shows you how to take full advantage of today's volatile and turbulent stock markets­­history's greatest opportunity for individual investors to garner significant trading wealth.

"(David S. Nassar) has done an excellent job assembling the key characteristics and attributes traders need that are often ignored."

­­William Lupien, Chairman, OptiMark Techologies, Inc.
From the Foreword

The online trading explosion is the first great wealth-building event of the twenty-first century. As today's ultravolatile markets generate one profit opportunity after another, savvy traders are learning how to consistently leverage substantial profits from every market­­whether going long in up markets, selling short in falling markets, or grinding out profits in sideways markets.

But before you can succeed in this arena, you need a foundation in the rules­­both psychological and operational­­that separates the true professional trader from the pretender. In Rules of the Trade, David S. Nassar­­author of the bestselling How to Get Started in Electronic Day Trading and a highly profitable and active trader in his own right­­explains exactly what these rules are and why they are critical for everyone from beginning traders to experienced, seasoned market veterans.

Concise, to the point, and packed with real-life examples of key rules in action, Rules of the Trade is the one book that traders must read­­and review daily­­to keep their instincts razor-sharp. All traders, regardless of their expertise or experience, will profit from detailed, insightful descriptions that include:

• Why the opening 15 minutes should be watched­­not traded
• Eight attributes of a tradable stock
• The importance of mentors
• Differences between acting and reacting­­and how to profit from each
• How to control greed and fear while maintaining an edge
• Three market stages that drive prices­­critical knowledge for sizing a trade
• Interviews and insights from the "one percenters"­­Five top traders share how they approach the market

Whether markets are bull, bear, or turbulent, one aspect remains clear­­many active traders are making a lot of money. Let Rules of the Trade show you how to join their ranks, and greatly increase your odds of profiting by every trade, while building confidence and limiting risk!

About the Author:

David S. Nassar is chairman and CEO of Market Wise Securities, Inc., and a pioneer in electronic trading. Seen on CNBC, NBC Nightly News, and CNN, and interviewed in numerous national publications including Business Week and Forbes, Nassar is the founder of a highly successful broker/dealer and and the author of the New York Times bestseller How to Get Started in Electronic Day Trading.

About this edition

• Publisher: McGraw-Hill
• Publication date: 2001
• ISBN 10: 0071354638
• ISBN 13: 9780071354639
• Binding: Hardcover
• Edition number: 1
• Number of pages: 253