Electronic Day Trading 101

Electronic Day Trading 101 is an A to Z guide to electronic trading. The beginning electronic trader will learn exactly what it takes to develop and maintain a flourishing trading career in the new electronic markets.

SUNNY J. HARRIS is a professional trader and founder and President of Sunny Harris & Associates, Inc. Since retiring from ISSCO--her successful computer graphics software firm that originated Harvard Graphics--in 1981, she has made her living trading stocks, bonds, mutual funds, metals, real estate, options, and futures. Sunny Harris's other books include the bestselling Trading 101: How to Trade Like a Pro and Trading 102: Getting Down to Business (both available from Wiley).

preface

xiii

before you begin

1

(20)

Introduction

2

(2)

Online Trading versus Screen-Based Trading

4

(4)

Introduction to Trading

8

(1)

The Market

9

(1)

Why Trade?

10

(1)

Exchanges

11

(2)

Screen-Based Exchanges

13

(4)

Linked ECNs

17

(1)

Fractions

18

(3)

getting started

21

(18)

History Lesson

21

(1)

The Level II Screen

22

(2)

Nasdaq Levels I, II, and III

24

(2)

ECNs

26

(2)

Market Makers

28

(1)

SuperDOT

28

(1)

The Book

29

(1)

Software

29

(1)

Opening Your Account

30

(1)

Time Frame

30

(1)

Execution Style

30

(3)

Order Types and Terminology

33

(6)

theories and strategies

39

(15)

Fundamental Analysis

39

(3)

Technical Analysis

42

(2)

Pattern Recognition

44

(1)

Strategies

44

(1)

Time Frames

45

(2)

Holding Overnight

47

(1)

Momentum

47

(3)

The Gap

50

(1)

Time of Day

51

(1)

Shorting

52

(2)

sources of information and data

54

(6)

A Personal Example

55

(1)

Two Flavors of Data

55

(1)

Data Vendors

56

(1)

Periodicals

57

(1)

Web Sites

57

(1)

List Servers, Forums, Chat Rooms, and Discussion Groups

58

(2)

analyzing your data

60

(9)

What Is True?

60

(2)

Potential Hourly Wage

62

(2)

Looks Like a Duck, Walks Like a Duck

64

(2)

Software

66

(3)

education: seminars, conferences, and study guides

69

(8)

Informative Web Sites

70

(1)

Educators

71

(2)

Seminars and Conferences

73

(2)

Educational Software

75

(1)

Clubs

75

(2)

electronic brokerage

77

(5)

Exchanges versus Brokers

78

(1)

Online and Electronic Brokers

78

(2)

EDAT Brokers---Direct Access

80

(2)

developing your own approach

82

(9)

Stock Selection

83

(1)

Indexes and Industries

83

(6)

Research

89

(1)

Conclusion

90

(1)

trading as your business

91

(8)

Getting Down to Business

92

(1)

Setting Goals

92

(1)

How Much Is Enough?

93

(1)

Compounding

93

(1)

Money, Money, Money

93

(1)

Costly Shortcuts

94

(1)

Budgeting

95

(1)

Income

96

(1)

Outgo

97

(1)

Expense Worksheet

97

(1)

Your Trading Business Plan

98

(1)

discipline

99

(3)

Post-it® Notes

100

(1)

Hard Hat Area

100

(1)

Pointers

101

(1)

evaluating your performance

102

(8)

Useful Statistics

104

(2)

CPC Index™

106

(1)

Is it Broken?

106

(1)

Keeping Track

107

(1)

Measurements

108

(1)

VAMI

108

(1)

Average Time to Recovery

108

(1)

Conclusion

109

(1)

record keeping and taxes

110

(3)

Your Trading Records

110

(1)

Income and Outgo

111

(1)

Taxes

112

(1)

appendixes

113

(202)

A ECNs

115

(4)

B Direct-Access Brokers and Trading Salons

119

(7)

C Online/Electronic Brokers

126

(12)

D Market Makers

138

(2)

E Web Sites

140

(10)

F Clubs, Seminars, Conferences, and Educators

150

(4)

G Software Vendors

154

(13)

H Data Vendors

167

(3)

I Downloadable Data

170

(2)

J Exchanges

172

(10)

K Dow Jones 30 Industrials

182

(2)

L ISDEX---The Internet Stock Index

184

(2)

M Nasdaq-100 Index

186

(3)

N Nasdaq Stocks

189

(126)

glossary

315

(26)

bibliography and sources

341

(2)

index

343

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Electronic Day Trading 101

Summary

Author Biography

Table of Contents

Supplemental Materials

FREE SHIPPING

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Electronic Day Trading 101

Summary

Author Biography

Table of Contents

Supplemental Materials

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