Stock Patterns for Day Trading II: Advanced Techniques

In Stock Patterns for Day Trading 2, Barry Rudd describes the strategies used by a professional stock trader in his own trading. The collection of trading patterns it describes and the trading strategies and tactics it teaches provide a valuable course of instruction on short term, swing and day trading in individual stocks.

This manual will prove valuable to short term stock traders who seek to make their living from short term price swings. Overview: 1) Primary Trading Strategies: a) Wide Range Days, with Extreme Close, b) Reversal Setups, c) Consolidation Breakout, d) More 5 Minute Bar Patterns, e) Profit Targets, f) Fading, g) Filtering, h) Congestion, and i) Daily Bars of Indecision. 2) Supporting Tools and Tactics: a) Market Index Behavior, b) Time of Day and c) The Ticker & Choosing Your Basket of Stocks. 3) Real-World Trade Analysis and Money Management: a) Trend Trading vs Scalping, b) Trade Analysis, c) Risk/Reward Ration & Scalping, and d) Money Management. 4) The Psychology and Discipline of Day Trading (formerly a separate manual of 25 pages).

Barry Rudd, a native of Dallas, graduated with a BS in Psychology at Texas A&M University. He worked in the area of pharmaceutical sales after college. Over a ten-year period, he traded stocks, options and futures on a part-time and finally a full-time basis, as a private investor. He currently day trades stocks, primarily NASDAQ issues, for a living. He has studied all forms of technical analysis and has found that: "Simplicity is your friend. I rely primarily upon specific daily and intraday price patterns to trade."