Day Trading 101: Myth VS. Reality

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Day Trading 101: Myth VS. Reality

Uploaded by

Joe D

We take content rights seriously. If you suspect this is your content, claim it here.

Available Formats

Download as PDF, TXT or read online on Scribd

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Day Trading 101

Myth VS. Reality

with David Nassar

Why Trade Electronically?

? Its exciting, challenging, and potentially very rewarding
? It's an Opportunity to Beat the Spread. Buy Wholesale, Sell Retail.
? Controllable Downside/Liquidity
? Avoid MIC - Market Impact Cost
? Take Control of Your Portfolio
? Nobody Cares About Your Money More Than You
? Freedom, You Can Trade Full-Time (Career Alternative) Or Part-
Time (Secondary Income Source)

How the Market Works

? Market Maker/Specialists
? NASDAQ/NYSE
? Value of a Seat
? The Role They Play
? Supply/Demand in Real Time

What is a Market Maker/Specialist

and their Role
? A Dealer for Stocks and Bonds

Primary Purpose of a Market Maker

? To Fill Customer Orders at the Best Possible Price
? To Match Buyers and Sellers
Secondary Purpose of a Market Maker
? Trade for Their Own Account to Make Money
? Make a Two-Sided Market

The Market Maker and the Level 11 Screen

? The BID and ASK
? Buys at BID (Wholesale)
? Sells at ASK (Retail)

The Tools and Systems of the Electronic Trader

? SOES
? SelectNet
? SuperDot
? ECN Executions - Island, Instinet, Archipelago,
? Redi
Direct Real-Time Order Executions
After Hours Trading

The Level II Screen

? Transparency, you see the entire market
? Breadth of market
? The trend (momentum) is your friend, ride the wave Levels the
"playing field" with the Market Makers

The Market Wise 7 Steps to EDAT Trading

? Blueprint
? Technology
? Psychology
? Simulator Research
? Support Education

Professional Tools, Comprehensive Education

? Markets and Market Participants
? Types of Securities: Common Stocks, Preferred Stocks, Options
? Understanding Economic Data
? Trading Basics/Trading Styles
? The NYSE vs. The OTC Market
? Introduction to Level II
? Discipline
? New Sources: TV, Print and Radio News
? Technical Analysis
? NASDAQ Level II: Market Breadth and Volume Theory
? The Real Time "Trade Wise Simulator"'
? Earnings, Splits, Rating Changes, IPO's and Secondary Offerings
'Managing Risk
? Trading Psychology
? Advanced Trading Strategies ("Dog-Fighting")

Precision Execution, Take Control!

Course Offerings
E-Trading 101 (One-Day Course)
? Market Vs. Limit Order Technology
? Learn To Do Research
? Learn How to Read and React to the News
? Trading Strategies
? Prepares You to Trade

Electronic Direct Access Trading

(Four-Day Course)
? Level II
? S&P Futures
? Picking Tradable Stocks
? Live Trading and Simulation
? Trading Strategies
? Prepares You to Trade
? Shorting Strategies
? Hybrid Trading
o Daytrading
o Momentum Trading
o Swing Trading
o Trend Trading
? 3 Weeks of Mentoring Included

Technical Analysis (Two-Day Course)

? Chart Formations
? Indicators
? Stolcastics
? Oscillators
? Supply/Demand Imbalance
? Relative Strength
? Setting Up Your Technology
? Bollinger Bands
? Gann Lines And Much More....

Options (Two-Day Course)

? Options Strategies
o Covered Calls
o Buying Calls and Puts
o Calender Spreads
o Strangles
o Straddles
? Options Basics
? Electronic Options Order Execution
? Using Technology To Trade Options

Continuing Education/Mentoring Program

? Breakfast of Champions
o Every Friday at 6 AM
? CDROM's on Market Strategy
? Web Sites (wwww.getmarketwise.com, www.marketwise.com)
o Web Based Research
o Document Downloads
? Trade Analysis
? Daily Interaction with Professional Traders
? Automated Emails with Market Updates
? Real Audio Market Commentary
? Moderated Forum with Professional Traders
? Free to Active Traders