Asx the Australian Securities Exchange. Home Contact Us Help Free delivery worldwide. Description Day trading can be quite lucrative, but only if you know what you are doing. As Farrell points out: Trading for a living over the Internet is even harder. There are many challenges and obstacles that confront you. Venturing into this jungle unprepared is a recipe for disaster.

Day Trade Online, Second Edition presents inside information on the strategies of top trading firms, including the most secretive, misunderstood, and profitable function on Wall Street.

Most importantly, you will learn to look at ten different stocks and pinpoint which one to trade, when, at what price, and why. With the right know-how, you will be able to apply this knowledge to every single stock that you screen. Product details Format Hardback pages Dimensions People who bought this also bought. A Beginner's Guide to Day Trading Online Toni Turner.

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He has been a guest on numerous television and radio programs, including CNBC and BBC World News, featured in magazines such as BusinessWeek and Worth, and has been a guest speaker at MIT. His works have been translated into numerous languages worldwide, including Korean, German, Russian, and Italian. Farrell is also the author of The Day Trader's Survival Guide HarperCollins. He has over thirteen years of trading experience, and has traded over three billion dollars worth of stock since going out on his own.

Farrell is a graduate of Colgate University and can be reached at www. Flap copy The First Edition of Day Trade Online became a worldwide phenomenon--and reached the Wall Street Journal, New York Times, BusinessWeek, and USA Today business bestseller lists.

Since it was first written, the stock market has evolved, and so too have the opportunities for profit. That's why renowned trading expert Christopher Farrell has created a fully revised and updated Second Edition of his popular guide.

Written in a straightforward and accessible style, Day Trade Online, Second Edition provides a comprehensive overview of how to consistently capture profits as you trade stocks over the Internet. It skillfully examines all aspects of this exciting field--from what it takes to get started to an in-depth analysis of which trading techniques work, which don't, and why. Most importantly, this book will show you how to beat Wall Street at its own game, by exploiting the buying and selling of the investing public in the same manner that the Street's most powerful brokerage firms and trading houses do.

Opening with a detailed discussion of how Wall Street works--and what it takes to make it as either a part- or full-time online trader--this reliable resource quickly moves on to reveal the inner workings of the short-term movements of the market and how stocks actually trade. From here, Farrell examines the mechanics of the market maker system, the role of the "specialist" on the New York Stock Exchange NYSE , and the importance of the bid-ask spread; while laying the groundwork for trading NYSE stocks and National Association of Securities Dealers Automated Quotation NASDAQ stocks.

With this information in hand, you'll become familiar with specific strategies that will help you quickly spot trading opportunities and take advantage of short-term inefficiencies in today's market. Filled with in-depth insights and practical advice, this step-by-step guide will help you: Get started in online trading, avoid common pitfalls, and make money in any market condition Incorporate short-term trading techniques that were once only known by highly paid Wall Street traders--such as the practice of exploiting the bid-ask spread--into your online trading endeavors See the market from the perspective of an NYSE specialist or NASDAQ market maker, and profit from this newfound view Learn why the fair order handling rules and recent changes to the NYSE can be your ticket to profit Discover how to quickly spot trading opportunities before others, by using the NYSE's specialist system, and its so-called "house edge," to your advantage And much more The independent online trader can compete and thrive in a marketplace dominated by large Wall Street trading houses, but only by knowing their secrets and beating them at their own game.

The Second Edition of Day Trade Online will show you exactly how. Back cover copy Praise from the First Edition "If you've been thinking about joining the estimated five million online traders, then this book is for you.

Once you see the market through the mindset not as an investor, but as a market maker, an NYSE specialist, you will view buying and selling in a way that you have never done before: Now fully updated for today's markets, Day Trade Online, Second Edition shows you how to short-term trade successfully from trading low-risk, low-volatility stocks to strategies and tactics for seeking greater reward through more risky opportunities in volatile stocks.

Your comprehensive guide to trading online from start to finish including negotiating trade commissions to real-time quote systems, Day Trade Online, Second Edition shows you how to beat Wall Street at its own game. With an emphasis on simplicity, this book will get you started and keep you profitable.

Table of contents Preface. NSThe World of the Day Trader. NSExploiting the Excesses of Capitalism. NSIntroduction to Day Trading. Buying on Bad News and Selling on Good News.

The Mind-Set of an Online Day Trader. A Buyer When the Market Needs Buyers. Hit Singles, Not Home Runs. Brokerage Commissions Can Destroy Profits.

Buy in on Fear, Sell in on Greed. Is the NYSE an Easier Market to Trade? NSHow to Beat Wall Street at Its Own Game. NSExploiting Wall Street's Conflict of Interest: Market Orders versus Limit Orders. Understanding Wall Street's Conflict Interest. Price Makers versus Price Takers. The Process of Price Negotiation: Prelude to the Bid-Ask Spread. NSThe Day Trader's Crystal Ball: Understanding the Bid-Ask Spread. A Snapshot of a Moving Picture. The Mechanics of Price Movement: Understanding What Makes a Stock Move Higher.

The Quote-A Snapshot of a Moving Picture. The Market Order to Sell-Hitting the Bid. The Market Order to Buy-Lifting the Offer. The Limit Order to Buy-Bidding for Stock. Day Orders vs Good-Until-Cancelled GTC Orders.

The Limit Order to Sell-Offering Stock. Haggling Over Nickels and Dimes. Moving the Stock Higher. NSThe Role of the Specialist on the New York Stock Exchange. Using the Specialist System to Your Advantage. What If There Was No NYSE Specialist? Buyer of Last Resort. Is the Profit the Specialist Makes Justified? A License to Steal? The Specialist's Limit Order Book.

Being on Both Sides of the Market. Narrowing the Bid-Ask Spread. Wide Spreads Protect the Specialist from Volatility. Handling a Large Sell Order. The Real Intentions of the Specialists. Beware When the Specialist Takes the Other Side of Your Trade. The Daytrader as a Shadow Specialist. The NYSE's Fair Order Handling Rules. Never Reveal Your Hand. How Can You Determine Where the Specialist Lurks in the Stock?

How Do You Know Where You Stand in Line? When in Doubt, Ask the NYSE Floor Tipping the Odds in Your Favor. Beware of the Specialist.

NSIntroduction to Scalping the NYSE: Taking Food out of the Specialist's Mouth. NSThe Day Trader's Secret Weapon: Exploiting the Bid-Ask Spread. How Can You Possibly Make any Money Trading Stocks That Don't Move? The Role of the Scalper. Scalper's Keys to Success. Make Sure the Order is Routed to the NYSE Floor Avoid the Glamour Stocks.

Finding the Trade's Sweet Spot. Simplifying a Complex Process. The Other Moving Parts to This Trade. Trading Do's and Don't's. Take a Quick Glance at the Specialist's Order Book. A Bet with the House? A Few Words on Risk.

NSTrading The Market's Momentum: How to Profit From Volatility. NSExploiting Market Volatility and Momentum: Strategies For Trading the NYSE's Most Volatile Stocks. The Specialist and the Upper Hand. Playing the Gap Open: A Strategy for Betting with the House. Buying on Bad News. Betting on the Specialist. Joining the NYSE Specialist as a Buyer of Last Resort. An Extreme Case of Buying on the Bid.

The Specialist Goosed the Market. Riding on the Specialist's Back. The Parameters of the Gap Opening Trade. How to Tell If the Opening Trade Will Clear: Sell before the Second Wave. Trading Tick for Tick with the Market Indexes. Why Limit Orders Don't Work in a Rally. Riding the Wave of Momentum. The Lightning-Fast Market Upsurge: How Offers Vanish in the Vapor Trail.

Stock for Sale Becomes Scarce. Introduction to the Nasdaq Market: The Role of the Market Makers. The Stock Market of the Next Hundred Years. The "Real" Day Trading Firms. Tracking the Nasdaq Comp.

A Few Words on Short Selling. Taking Food Out of the Market Makers' Mouths. Two Methods for Day Trading Nasdaq Stocks. The Apple Computer Trade. Buying Strong Stocks on Pullbacks. Opening the Stock Abnormally High. The Dangers of Buying a Strong Stock on the Opening Trade. Inflicting Heavy Damage on the Market Makers by Attacking their Vulnerability. Making a Profit at the Expense of the Market Makers.

NSThe Day Trader's Ticket to the Poorhouse: The Pain of Missing a Trade How Could the Stock Go Any Lower? The Terrifying Feeling of Getting Caught in a Downdraft. A Feeling of Irresistible Greed.

The Need to Break Even. Buying the Stock for the Third Time. A Feeling of Devastation. Abnormally Wide Bid-Ask Spreads. Trading on Old Price Information. The Dangers of Attempting to Short-Term Invest Instead of Trade. Refusing to Cut My Losses. Going Back into the Stock after Losing Money in It. Buying Twice as Many Shares. Choosing to Trade a Volatile Stock on the Afternoon before a Holiday Weekend.

Learning from the Mistake and Moving On. Can the Quoted Market Always Be Trusted? A Fool and His Money are Soon Parted. NSThe Day Trader's Arsenal: Choosing and Using Online Brokers, Negotiating Trade Commissions, Real-Time Quote Systems and the Home Office. Choosing an Online Broker. Negotiate the Best Possible Commission Rate.

Make Sure that the Broker Can Route Directly to the NYSE. Per Share versus Per Trade Commission Rates. Setting Up at Least Two Accounts. System Crashes and the Late Fill. Customer Service, Back Office Problems, and Trade Discrepancies. Keep Good Trading Records. The Home Office and the Virtual Trading Floor. The Psychological Effects of Working from Home. NSConsiderations for Trading for a Living: The Allocation of Trading Capital, Using Margin, and The Pattern Day Trader Rule.

The Allocation of Trading Capital. What Is the Pattern Day Trader Rule? The Pros and Cons of Trading Part-Time. Book ratings by Goodreads. Goodreads is the world's largest site for readers with over 50 million reviews. We're featuring millions of their reader ratings on our book pages to help you find your new favourite book.

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