Sammy Chua’s Day Trade Your Way to Financial Freedom – Sammy Chua

Book Overview

Day Trade Your Way to Financial Freedom by Sammy Chua tells you everything you need to have and know to launch a successful and satisfying career as a stock trader. From behind-the-scenes details on market makers and Level II trading to the stock-picking strategies and trading techniques of today’s top pros.

New technologies and securities regulations make it the best time in history to become an independent day trader. But only you can make that first move. Let Day Trade Your Way to Financial Freedom, Second Edition gives you the intelligence and confidence you need to become a successful day trader, and take control of your financial future.

Book Outline

• Use your Level II screen to look behind the action and discover what the market makers are really doing.
• Interpret technical indicators to identify trends and accurately forecast pending reversal points.
• Stay in winning trades for the maximum possible profits, while avoiding huge losses that can cripple a trading program.

What Will You Learn?

• How NYSE specialists and NASDAQ market makers set and manipulate prices, and how you can profit from their predictable behavioral patterns.
• How to use NASDAQ Level II screens and ECNs to send your order straight to the trading floor, controlling your trade executions and profits.
• Short-selling strategies that double your opportunities for spotting and executing an advantageous trade.
• The 2% Rule, and how to use it to stop losses short while maximizing the potential profits from each trade.
• Trading strategies from scalping to intraday trend trading to swing trading, and how to determine which style best fits your temperament and trading ability.
• All about technical analysis, and how to use charts to find support and resistance levels that improve your ability to buy or sell at profitable turning points.
• Techniques for applying Japanese candlestick charts to pinpoint unusually heavy buying and selling pressures.
• Methods for using indicators and oscillators to identify the strength and direction of market trends.

Who Is This Book For?

The book is for every stock trader who wants to sharpen their stock trading skills and strategies.