Day Trading Made Easy: A Simple Strategy for Day Trading Stocks by Matthew R. Kratter

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THE MAGIC OF DAY TRADING

In this book, I will teach you a simple but powerful day trading
 strategy.
 I have deliberately made this book very short, so that you can read it
 quickly and get started making money right away.
 But first a word about day trading itself.
 In the late 1990's, everyone (and their grandmother) was a successful day
 trader.
 Then the dot-com bubble burst, and day traders lost a lot of money. They
 stopped bragging about their trading at cocktail parties.
 Since then, day trading has become almost a dirty word.
 But it turns out that those Nineties traders were not really day traders. They
 often held positions overnight, or for multiple days.
 They ignored risk management. They traded without a stop loss.
 The 1995-2000 stock market taught you that if you just held on tight,
 everything would be OK. Even more, you would be richly rewarded for
 buying every dip.
 That worked for 5 years-- and then suddenly stopped working in early 2000.

Many so-called "day traders" held on to their stocks until they were worth
 mere pennies. The popular stock CMGI went from 1600 to under 2 in less
 than 2 years.
 Needless to say, that was not a day trade.
 So day trading has gotten a bad reputation.
 But does that mean that we should now avoid all intraday trades?
 When something is out of fashion, it is usually a sign that opportunity is
 present.
 Day trading is, in fact, the fastest way to learn how the markets actually
 work.
 If you love the markets, and are willing to follow them every day, you can
 learn to day trade profitably.
 In the process, you will learn an enormous amount about the markets and
 about your own personal psychology.
 The markets are the best tutor that I know.
 And when you've put in your time, you will begin to make money.
 On a good day, you will sit down at your trading desk at 9:45 am EST, buy
 3,000 shares of a stock, and watch it immediately pop 50 cents.
 Ten minutes later, you will sell the stock and pocket $1,500.
 It will be 9:55 am on a Monday morning, and you will already have made
 more money than the average American makes in a week.
 Of course, if the trade goes against you, you will have lost more money
 than the average American makes in a week.
 I want you to make money, instead of losing it.
 So I am going to teach you a day trading strategy that will help to tilt the
 odds in your favor.
 This strategy is called the “Day Sniper.”

Day Trading Made Easy: A Simple Strategy for Day Trading Stocks by Matthew R. Kratter