{"product_id":"day-trading-for-canadians-for-dummies-9781119736714","title":"Day Trading For Canadians For Dummies","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003eIntroduction\u003c\/b\u003e\u003cb\u003e 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAbout This Book 2\u003c\/p\u003e \u003cp\u003eFoolish Assumptions 2\u003c\/p\u003e \u003cp\u003eIcons Used in This Book 3\u003c\/p\u003e \u003cp\u003eBeyond the Book 3\u003c\/p\u003e \u003cp\u003eWhere to Go from Here 4\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 1: Day Trading Fundamentals 5\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1: All You Need to know about Day Trading\u003c\/b\u003e\u003cb\u003e 7\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIt’s All in a Day’s Work 8\u003c\/p\u003e \u003cp\u003eSpeculating, not hedging 9\u003c\/p\u003e \u003cp\u003eUnderstanding zero-sum markets 9\u003c\/p\u003e \u003cp\u003eKeeping the discipline: Closing out each night 10\u003c\/p\u003e \u003cp\u003eCommitting to Trading as a Business 11\u003c\/p\u003e \u003cp\u003eTrading part-time: An okay idea if done right 11\u003c\/p\u003e \u003cp\u003eTrading as a hobby: A bad idea 12\u003c\/p\u003e \u003cp\u003eWorking with a Small Number of Assets 13\u003c\/p\u003e \u003cp\u003eManaging your positions 14\u003c\/p\u003e \u003cp\u003eFocusing your attention 14\u003c\/p\u003e \u003cp\u003eWorking with risk capital 15\u003c\/p\u003e \u003cp\u003ePersonality Traits of Successful Day Traders 15\u003c\/p\u003e \u003cp\u003eIndependence 16\u003c\/p\u003e \u003cp\u003eQuick-wittedness 17\u003c\/p\u003e \u003cp\u003eDecisiveness 17\u003c\/p\u003e \u003cp\u003eThe Difference between Trading, Investing, and Gambling 18\u003c\/p\u003e \u003cp\u003eInvesting is slow and steady 18\u003c\/p\u003e \u003cp\u003eTrading works fast 19\u003c\/p\u003e \u003cp\u003eGambling is nothing more than luck 19\u003c\/p\u003e \u003cp\u003eBusting Some Day Trading Myths 20\u003c\/p\u003e \u003cp\u003eMyth #1: I can make millions 20\u003c\/p\u003e \u003cp\u003eMyth #2: Profits are guaranteed 21\u003c\/p\u003e \u003cp\u003eMyth #3: Day trading is dangerous 21\u003c\/p\u003e \u003cp\u003eMyth #4: It’s easy 21\u003c\/p\u003e \u003cp\u003eA lot of other worthwhile activities are stressful too 22\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2: The Business of Day Trading\u003c\/b\u003e\u003cb\u003e 25\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Day in the Life of a Trader 26\u003c\/p\u003e \u003cp\u003eSetting Up Your Trading Laboratory 29\u003c\/p\u003e \u003cp\u003eWhere to sit, where to work 30\u003c\/p\u003e \u003cp\u003eCount on your computer 30\u003c\/p\u003e \u003cp\u003eSee it on the big screen 30\u003c\/p\u003e \u003cp\u003eConnect to the Internet 31\u003c\/p\u003e \u003cp\u003eFix hours, vacation, and sick leave 31\u003c\/p\u003e \u003cp\u003eStay virus- and hacker-free 32\u003c\/p\u003e \u003cp\u003eThe department of redundancy department: Back up your systems 33\u003c\/p\u003e \u003cp\u003ePlanning Your Trading Business 33\u003c\/p\u003e \u003cp\u003eSetting your goals 34\u003c\/p\u003e \u003cp\u003eFinding volatility 34\u003c\/p\u003e \u003cp\u003eInvesting in your business 36\u003c\/p\u003e \u003cp\u003eEvaluating and revising your plan 36\u003c\/p\u003e \u003cp\u003eGetting Mobile with the Markets 37\u003c\/p\u003e \u003cp\u003eControlling Your Emotions 37\u003c\/p\u003e \u003cp\u003eDealing with destructive emotions 38\u003c\/p\u003e \u003cp\u003eHaving an outlet 41\u003c\/p\u003e \u003cp\u003eSetting up support systems 42\u003c\/p\u003e \u003cp\u003eWatching your walk-away money 43\u003c\/p\u003e \u003cp\u003eManaging the Risks of Day Trading 44\u003c\/p\u003e \u003cp\u003eIt’s your business 44\u003c\/p\u003e \u003cp\u003eIt’s your life 44\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3: Introducing the Financial Markets\u003c\/b\u003e\u003cb\u003e 45\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHaving a Firm Grasp How Markets Work 46\u003c\/p\u003e \u003cp\u003eSupply and demand 46\u003c\/p\u003e \u003cp\u003eExchanges versus over the counter 47\u003c\/p\u003e \u003cp\u003eCommissions, fees, and spreads 48\u003c\/p\u003e \u003cp\u003eUnderstanding zero-sum games 49\u003c\/p\u003e \u003cp\u003eOpening an Account and Placing an Order 50\u003c\/p\u003e \u003cp\u003eOpening a brokerage account 50\u003c\/p\u003e \u003cp\u003ePlacing your initial order 50\u003c\/p\u003e \u003cp\u003eClosing out your order 50\u003c\/p\u003e \u003cp\u003eTaking your cash 50\u003c\/p\u003e \u003cp\u003eDefining the Principles of Successful Day Trading 51\u003c\/p\u003e \u003cp\u003eWorking with a small number of assets 51\u003c\/p\u003e \u003cp\u003eManaging your positions 52\u003c\/p\u003e \u003cp\u003eFocusing your attention 53\u003c\/p\u003e \u003cp\u003eUnderstanding Risk and Return 53\u003c\/p\u003e \u003cp\u003eRecognizing what risk is 54\u003c\/p\u003e \u003cp\u003eGetting rewarded for the risk you take 57\u003c\/p\u003e \u003cp\u003eMarket efficiency in the real world 58\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4: Assets 101: Stocks, Bonds, Currency, and Commodities\u003c\/b\u003e\u003cb\u003e 61\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGrasping the Different Things to Trade 61\u003c\/p\u003e \u003cp\u003eDefining a Good Day Trading Asset 62\u003c\/p\u003e \u003cp\u003eLooking for liquidity 62\u003c\/p\u003e \u003cp\u003eHoming in on high volatility 64\u003c\/p\u003e \u003cp\u003eStaying within your budget 65\u003c\/p\u003e \u003cp\u003eMaking sure you can use margin 65\u003c\/p\u003e \u003cp\u003eTaking a Closer Look at Stocks 67\u003c\/p\u003e \u003cp\u003eHow Canadian and U.S stocks trade 68\u003c\/p\u003e \u003cp\u003eWhere Canadian stocks trade 69\u003c\/p\u003e \u003cp\u003eWhere U.S stocks trade 72\u003c\/p\u003e \u003cp\u003eThe high-risk over-the-counter exchanges 74\u003c\/p\u003e \u003cp\u003eDark pools 75\u003c\/p\u003e \u003cp\u003eExamining Bonds 75\u003c\/p\u003e \u003cp\u003eHow bonds trade 76\u003c\/p\u003e \u003cp\u003eListed bonds 77\u003c\/p\u003e \u003cp\u003eOver-the-counter trading 77\u003c\/p\u003e \u003cp\u003eTreasury dealers 77\u003c\/p\u003e \u003cp\u003eCashing In with Currency 78\u003c\/p\u003e \u003cp\u003eHow currency trades 78\u003c\/p\u003e \u003cp\u003eHow the Canadian dollar is traded 79\u003c\/p\u003e \u003cp\u003eWhere currency trades 79\u003c\/p\u003e \u003cp\u003eConsidering Commodities and How They Trade 80\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5: Assets 102: ETFs, Cryptocurrency, Options, and Derivatives\u003c\/b\u003e\u003cb\u003e 81\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eExplaining Exchange-Traded Funds (ETFs) in Plain English 82\u003c\/p\u003e \u003cp\u003eTraditional ETFs 83\u003c\/p\u003e \u003cp\u003eStrategy ETFs 84\u003c\/p\u003e \u003cp\u003eHow ETFs trade 85\u003c\/p\u003e \u003cp\u003eETF risks 86\u003c\/p\u003e \u003cp\u003eGetting Familiar with Cryptocurrency 86\u003c\/p\u003e \u003cp\u003eBitcoin and blockchain 87\u003c\/p\u003e \u003cp\u003eOther cryptocurrencies 88\u003c\/p\u003e \u003cp\u003eUnderstanding how cryptocurrencies trade 89\u003c\/p\u003e \u003cp\u003eAvoiding the risks of cryptocurrencies 91\u003c\/p\u003e \u003cp\u003eDealing in Derivatives 91\u003c\/p\u003e \u003cp\u003eGetting to know types of derivatives 92\u003c\/p\u003e \u003cp\u003eBuying and selling derivatives 94\u003c\/p\u003e \u003cp\u003eComprehending Arbitrage and the Law of One Price 96\u003c\/p\u003e \u003cp\u003eUnderstanding how arbitrage and market efficiency interact 96\u003c\/p\u003e \u003cp\u003eCreating synthetic securities 97\u003c\/p\u003e \u003cp\u003eTaking advantage of price discrepancies 98\u003c\/p\u003e \u003cp\u003eReducing arbitrage opportunities: High-frequency trading 99\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6: Increasing Risk and Potential Return with Short Selling and Leverage\u003c\/b\u003e\u003cb\u003e 101\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eUnderstanding the Magic of Margin 102\u003c\/p\u003e \u003cp\u003eMaking margin agreements 103\u003c\/p\u003e \u003cp\u003eUnderstanding the costs and fees of margin 104\u003c\/p\u003e \u003cp\u003eManaging margin calls 105\u003c\/p\u003e \u003cp\u003eEnjoying margin bargains for day traders 105\u003c\/p\u003e \u003cp\u003eThe Switch-Up of Short Selling 105\u003c\/p\u003e \u003cp\u003eSelling short 106\u003c\/p\u003e \u003cp\u003eShort selling in Canada 107\u003c\/p\u003e \u003cp\u003eChoosing shorts 108\u003c\/p\u003e \u003cp\u003eLosing your shorts? 108\u003c\/p\u003e \u003cp\u003eLeveraging All Kinds of Accounts 109\u003c\/p\u003e \u003cp\u003eIn stock and bond markets 109\u003c\/p\u003e \u003cp\u003eIn options markets 110\u003c\/p\u003e \u003cp\u003eIn futures trading 111\u003c\/p\u003e \u003cp\u003eIn foreign exchange 112\u003c\/p\u003e \u003cp\u003eBorrowing in Your Trading Business 113\u003c\/p\u003e \u003cp\u003eTaking margin loans for cash flow 113\u003c\/p\u003e \u003cp\u003eBorrowing for trading capital 114\u003c\/p\u003e \u003cp\u003eAssessing Risks and Returns from Short Selling and Leverage 115\u003c\/p\u003e \u003cp\u003eLosing your money 115\u003c\/p\u003e \u003cp\u003eLosing your nerve 115\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7: Managing Your Money and Positions\u003c\/b\u003e\u003cb\u003e 117\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSetting Your Earnings Expectations 118\u003c\/p\u003e \u003cp\u003eFinding your expected return 118\u003c\/p\u003e \u003cp\u003eDetermining your probability of ruin 119\u003c\/p\u003e \u003cp\u003eGaining Advantage with a Money-Management Plan 121\u003c\/p\u003e \u003cp\u003eMinimizing damage while increasing opportunity 121\u003c\/p\u003e \u003cp\u003eStaying in the market longer 122\u003c\/p\u003e \u003cp\u003eGetting out before you lose everything 123\u003c\/p\u003e \u003cp\u003eAccounting for opportunity costs 123\u003c\/p\u003e \u003cp\u003eExamining Styles of Money Management 124\u003c\/p\u003e \u003cp\u003eLimiting portions: Fixed fractional 124\u003c\/p\u003e \u003cp\u003eProtecting profits: Fixed ratio 125\u003c\/p\u003e \u003cp\u003eSticking to 10 percent: Gann 126\u003c\/p\u003e \u003cp\u003eFinding the ideal percentage: Kelly criterion 126\u003c\/p\u003e \u003cp\u003eDoubling down: Martingale 127\u003c\/p\u003e \u003cp\u003eLetting a program guide you: Monte Carlo simulation 127\u003c\/p\u003e \u003cp\u003eConsidering past performance: Optimal F 128\u003c\/p\u003e \u003cp\u003eHow Money Management Affects Your Return 129\u003c\/p\u003e \u003cp\u003ePlanning for Your Profits 130\u003c\/p\u003e \u003cp\u003eCompounding interest 131\u003c\/p\u003e \u003cp\u003ePyramiding power 131\u003c\/p\u003e \u003cp\u003eMaking regular withdrawals 133\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8: Planning Your Trades and Trading Your Plans\u003c\/b\u003e\u003cb\u003e 135\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eStarting to Plan Your Trades: Just the Basics, Please 136\u003c\/p\u003e \u003cp\u003eWhat do you want to trade? 136\u003c\/p\u003e \u003cp\u003eWhen will you be trading? 137\u003c\/p\u003e \u003cp\u003eHow do you want to trade? 137\u003c\/p\u003e \u003cp\u003eFiguring out when to buy and when to sell 139\u003c\/p\u003e \u003cp\u003eSetting profit goals 139\u003c\/p\u003e \u003cp\u003eSetting limits on your trades 141\u003c\/p\u003e \u003cp\u003eWhat if the trade goes wrong? 144\u003c\/p\u003e \u003cp\u003eClosing Out Your Position 146\u003c\/p\u003e \u003cp\u003eSwing trading: Holding for days 146\u003c\/p\u003e \u003cp\u003ePosition trading: Holding for weeks 147\u003c\/p\u003e \u003cp\u003eInvesting: Holding for months or years 147\u003c\/p\u003e \u003cp\u003eMaxims and Clichés That Guide and Mislead Traders 147\u003c\/p\u003e \u003cp\u003ePigs get fat, hogs get slaughtered 148\u003c\/p\u003e \u003cp\u003eIn a bear market, the money returns to its rightful owners 148\u003c\/p\u003e \u003cp\u003eThe trend is your friend 149\u003c\/p\u003e \u003cp\u003eBuy the rumour, sell the news 149\u003c\/p\u003e \u003cp\u003eCut your losses and ride your winners 150\u003c\/p\u003e \u003cp\u003eYou’re only as good as your last trade 150\u003c\/p\u003e \u003cp\u003eIf you don’t know who you are, Wall Street is an expensive place to find out 151\u003c\/p\u003e \u003cp\u003eThere are old traders and bold traders, but no old, bold traders 151\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 2: Developing Your Strategy 153\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9: Picture This: Technical Analysis\u003c\/b\u003e\u003cb\u003e 155\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eComparing Research Techniques Used in Day Trading 156\u003c\/p\u003e \u003cp\u003eKnowing what direction your research is 156\u003c\/p\u003e \u003cp\u003eExamining fundamental research 157\u003c\/p\u003e \u003cp\u003eLooking closer at technical analysis 158\u003c\/p\u003e \u003cp\u003eUsing Technical Analysis 160\u003c\/p\u003e \u003cp\u003eFirst things first: Should you follow a trend or deviate from it? 160\u003c\/p\u003e \u003cp\u003eFinding trends 161\u003c\/p\u003e \u003cp\u003eThose ever-changing trends 165\u003c\/p\u003e \u003cp\u003eReading the Charts 167\u003c\/p\u003e \u003cp\u003eWave your pennants and flags 167\u003c\/p\u003e \u003cp\u003eNot just for the shower: Head and shoulders 169\u003c\/p\u003e \u003cp\u003eDrink from a cup and handle 169\u003c\/p\u003e \u003cp\u003eMind the gap 170\u003c\/p\u003e \u003cp\u003eGrab your pitchforks! 171\u003c\/p\u003e \u003cp\u003eConsidering Different Approaches to Technical Analysis 172\u003c\/p\u003e \u003cp\u003eDow Theory 172\u003c\/p\u003e \u003cp\u003eFibonacci numbers and the Elliott Wave 172\u003c\/p\u003e \u003cp\u003eJapanese candlestick charting 173\u003c\/p\u003e \u003cp\u003eThe Gann system 174\u003c\/p\u003e \u003cp\u003eAvoiding Technical Analysis Pitfalls 174\u003c\/p\u003e \u003cp\u003eIf it’s obvious, there’s no opportunity 175\u003c\/p\u003e \u003cp\u003eOveranalyzing the data 175\u003c\/p\u003e \u003cp\u003eSuccess may be the result of an upward bias 175\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10: Following Market Indicators and Tried-and-True Day Trading Strategies\u003c\/b\u003e\u003cb\u003e 177\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePsyching Out the Markets 178\u003c\/p\u003e \u003cp\u003eBetting on the buy side 179\u003c\/p\u003e \u003cp\u003eAvoiding the projection trap 179\u003c\/p\u003e \u003cp\u003eTaking the Temperature of the Market 180\u003c\/p\u003e \u003cp\u003ePinpointing with price indicators 180\u003c\/p\u003e \u003cp\u003eVolume 183\u003c\/p\u003e \u003cp\u003eVolatility, crisis, and opportunity 185\u003c\/p\u003e \u003cp\u003eMeasuring Money Flows 187\u003c\/p\u003e \u003cp\u003eAccumulation\/distribution index 188\u003c\/p\u003e \u003cp\u003eMoney-flow ratio and money-flow index 189\u003c\/p\u003e \u003cp\u003eShort interest ratios 189\u003c\/p\u003e \u003cp\u003eConsidering Information That Crops Up during the Trading Day 190\u003c\/p\u003e \u003cp\u003ePrice, time, and sales 191\u003c\/p\u003e \u003cp\u003eOrder book 191\u003c\/p\u003e \u003cp\u003eQuote stuffing 192\u003c\/p\u003e \u003cp\u003eNews flows 192\u003c\/p\u003e \u003cp\u003eIdentifying Anomalies and Traps 193\u003c\/p\u003e \u003cp\u003eBear traps and bull traps 194\u003c\/p\u003e \u003cp\u003eCalendar effects 195\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11: Eliminating Emotion with Program Trading\u003c\/b\u003e\u003cb\u003e 197\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCreating Your Own Trading Program 198\u003c\/p\u003e \u003cp\u003eRecognizing what you want to automate 198\u003c\/p\u003e \u003cp\u003eKnowing the limitations of robots 199\u003c\/p\u003e \u003cp\u003eProgramming, the Day Trading Way 199\u003c\/p\u003e \u003cp\u003eLooking at basic brokerage offerings 200\u003c\/p\u003e \u003cp\u003eAdding a trading platform 200\u003c\/p\u003e \u003cp\u003eFinding trading modules 200\u003c\/p\u003e \u003cp\u003eBacktesting Once, Backtesting Twice 201\u003c\/p\u003e \u003cp\u003eBuilding on Some Standard Strategies 201\u003c\/p\u003e \u003cp\u003eRange trading 202\u003c\/p\u003e \u003cp\u003eContrarian trading 202\u003c\/p\u003e \u003cp\u003eNews trading 203\u003c\/p\u003e \u003cp\u003ePairs trading 203\u003c\/p\u003e \u003cp\u003eArbitraging for Fun and Profit 203\u003c\/p\u003e \u003cp\u003eUnderstanding how arbitrage and market efficiency interact 204\u003c\/p\u003e \u003cp\u003eTaking advantages of price discrepancies 205\u003c\/p\u003e \u003cp\u003eScalping, the Dangerous Game 206\u003c\/p\u003e \u003cp\u003eUnderstanding Risk Arbitrage and Its Tools 207\u003c\/p\u003e \u003cp\u003eArbitrating derivatives 208\u003c\/p\u003e \u003cp\u003eLevering with leverage 209\u003c\/p\u003e \u003cp\u003eShort selling 209\u003c\/p\u003e \u003cp\u003eCreating synthetic securities 209\u003c\/p\u003e \u003cp\u003eExamining Arbitrage Strategies 210\u003c\/p\u003e \u003cp\u003eConvertible arbitrage 211\u003c\/p\u003e \u003cp\u003eETF arbitrage 211\u003c\/p\u003e \u003cp\u003eFixed income and interest-rate arbitrage 212\u003c\/p\u003e \u003cp\u003eIndex arbitrage 213\u003c\/p\u003e \u003cp\u003eMerger arbitrage 213\u003c\/p\u003e \u003cp\u003eOption arbitrage 215\u003c\/p\u003e \u003cp\u003eWatching Out for Those Pesky Transaction Costs 215\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12: Day Trading for Investors\u003c\/b\u003e\u003cb\u003e 217\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRecognizing What Investors Can Glean from Traders 217\u003c\/p\u003e \u003cp\u003eBeing disciplined 218\u003c\/p\u003e \u003cp\u003eDealing with breaking news and breaking markets 219\u003c\/p\u003e \u003cp\u003eSetting targets and limits 220\u003c\/p\u003e \u003cp\u003eJudging execution quality 221\u003c\/p\u003e \u003cp\u003eApplying Momentum 223\u003c\/p\u003e \u003cp\u003eEarnings momentum 224\u003c\/p\u003e \u003cp\u003ePrice momentum 224\u003c\/p\u003e \u003cp\u003eFor investors only: Momentum-research systems 225\u003c\/p\u003e \u003cp\u003eWhen an Investor Considers Trading 227\u003c\/p\u003e \u003cp\u003eThe idea has a short shelf life 227\u003c\/p\u003e \u003cp\u003eYour research shows you some trading opportunities 227\u003c\/p\u003e \u003cp\u003eYou see some great short opportunities 228\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13: Researching Research Services\u003c\/b\u003e\u003cb\u003e 229\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eUnderstanding the Trade of Trading 230\u003c\/p\u003e \u003cp\u003eEnjoying freebies from the exchanges and the regulators 230\u003c\/p\u003e \u003cp\u003eHitting the (virtual) road for conferences 233\u003c\/p\u003e \u003cp\u003eTaking training classes 234\u003c\/p\u003e \u003cp\u003eGetting the Research You Need 236\u003c\/p\u003e \u003cp\u003e(Price) Quote me on that 237\u003c\/p\u003e \u003cp\u003eCharting your strategy 238\u003c\/p\u003e \u003cp\u003eNews, newsletters, gurus, and strategic advice 240\u003c\/p\u003e \u003cp\u003eDoing Your Due Diligence 243\u003c\/p\u003e \u003cp\u003eWhere to start your research 243\u003c\/p\u003e \u003cp\u003eQuestions to ask 244\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14: Testing, Tracking, and Evaluating Performance\u003c\/b\u003e\u003cb\u003e 247\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBefore You Trade: Testing Your System 247\u003c\/p\u003e \u003cp\u003eBacktesting 248\u003c\/p\u003e \u003cp\u003eSimulation trading 250\u003c\/p\u003e \u003cp\u003eBacktesting and simulation software 251\u003c\/p\u003e \u003cp\u003eDuring the Day: Tracking Your Trades 254\u003c\/p\u003e \u003cp\u003eSetting up your spreadsheet 254\u003c\/p\u003e \u003cp\u003ePulling everything into a profit and loss statement 255\u003c\/p\u003e \u003cp\u003eKeeping a trading diary 256\u003c\/p\u003e \u003cp\u003eAfter You Trade: Calculating Overall Performance 257\u003c\/p\u003e \u003cp\u003eReviewing types of return 258\u003c\/p\u003e \u003cp\u003eCalculating returns 258\u003c\/p\u003e \u003cp\u003eDetermining the risk to your return 263\u003c\/p\u003e \u003cp\u003eUsing benchmarks to evaluate your performance 265\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 3: Day Trading, Incorporated 267\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15: Your Key Vendor: Your Broker\u003c\/b\u003e\u003cb\u003e 269\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChoosing a Brokerage 270\u003c\/p\u003e \u003cp\u003eGetting proper pricing 270\u003c\/p\u003e \u003cp\u003eEvaluating types of platform 272\u003c\/p\u003e \u003cp\u003eOpening an account 274\u003c\/p\u003e \u003cp\u003eExploring Brokers for Day Traders 275\u003c\/p\u003e \u003cp\u003eBrokers for stocks and a bit of the rest 275\u003c\/p\u003e \u003cp\u003eBrokers for foreign exchange 278\u003c\/p\u003e \u003cp\u003eWatching Out for Brokerage Scams 279\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 16: Regulation Right Now\u003c\/b\u003e\u003cb\u003e 281\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHow Regulations Created Day Trading 282\u003c\/p\u003e \u003cp\u003eWho Regulates What? 283\u003c\/p\u003e \u003cp\u003eProvincial securities commissions 284\u003c\/p\u003e \u003cp\u003eInvestment Industry Regulatory Organization of Canada (IIROC) 285\u003c\/p\u003e \u003cp\u003eMutual Fund Dealers Association of Canada (MFDA) 286\u003c\/p\u003e \u003cp\u003eThe exchanges 286\u003c\/p\u003e \u003cp\u003eBrokerage Basics for Firm and Customer 286\u003c\/p\u003e \u003cp\u003eAre you suitable for day trading? 286\u003c\/p\u003e \u003cp\u003eStaying out of the money laundromat 287\u003c\/p\u003e \u003cp\u003eRules for day traders 288\u003c\/p\u003e \u003cp\u003eTax reporting 289\u003c\/p\u003e \u003cp\u003eHot Tips and Insider Trading 289\u003c\/p\u003e \u003cp\u003eTaking on Partners 290\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 17: Choosing the Right Accounts\u003c\/b\u003e\u003cb\u003e 291\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eUnderstanding Investment Accounts 292\u003c\/p\u003e \u003cp\u003eRRSP 292\u003c\/p\u003e \u003cp\u003eTFSA 293\u003c\/p\u003e \u003cp\u003eRRIF 294\u003c\/p\u003e \u003cp\u003eNon-registered accounts 295\u003c\/p\u003e \u003cp\u003eDeciding on an Account to Use for Day Trading 295\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 18: Taxes for Traders\u003c\/b\u003e\u003cb\u003e 297\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAre You a Trader or an Investor? 298\u003c\/p\u003e \u003cp\u003eClaiming Business Expenses 298\u003c\/p\u003e \u003cp\u003eHiring a Tax Adviser 299\u003c\/p\u003e \u003cp\u003eThe many flavours of tax experts 299\u003c\/p\u003e \u003cp\u003eQuestions to ask a prospective adviser 300\u003c\/p\u003e \u003cp\u003eYou still want to do it yourself? 301\u003c\/p\u003e \u003cp\u003eWhat is Income, Anyway? 302\u003c\/p\u003e \u003cp\u003eEarned income 302\u003c\/p\u003e \u003cp\u003eCapital gains and losses 303\u003c\/p\u003e \u003cp\u003eTracking Your Investment Expenses 305\u003c\/p\u003e \u003cp\u003eQualified and deductible expenses 306\u003c\/p\u003e \u003cp\u003ePaying Taxes All Year 308\u003c\/p\u003e \u003cp\u003eUsing Your RRSP 308\u003c\/p\u003e \u003cp\u003eTrading within a Tax-Free Savings Account 309\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 4: The Part of Tens 311\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 19: Ten Good Reasons to Day Trade\u003c\/b\u003e\u003cb\u003e 313\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eYou Love Being Independent 313\u003c\/p\u003e \u003cp\u003eYou Want to Work Anywhere You Like 314\u003c\/p\u003e \u003cp\u003eYou’re Comfortable with Technology 314\u003c\/p\u003e \u003cp\u003eYou Want to Eat What You Kill 315\u003c\/p\u003e \u003cp\u003eYou Love the Markets 315\u003c\/p\u003e \u003cp\u003eYou Have Market Experience 315\u003c\/p\u003e \u003cp\u003eYou’ve Studied Trading Systems and Know What Works for You 316\u003c\/p\u003e \u003cp\u003eYou’re Decisive and Persistent 316\u003c\/p\u003e \u003cp\u003eYou Can Afford to Lose Money 317\u003c\/p\u003e \u003cp\u003eYou Have a Support System 318\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 20: Ten Common Day Trading Mistakes\u003c\/b\u003e\u003cb\u003e 319\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eStarting with Unrealistic Expectations 319\u003c\/p\u003e \u003cp\u003eBeginning without a Business and Trading Plan 320\u003c\/p\u003e \u003cp\u003eIgnoring Cash Management 321\u003c\/p\u003e \u003cp\u003eFailing to Manage Risk 321\u003c\/p\u003e \u003cp\u003eNot Committing the Time and Money to Do It Right 322\u003c\/p\u003e \u003cp\u003eChasing the Herd 322\u003c\/p\u003e \u003cp\u003eSwitching between Research Systems 323\u003c\/p\u003e \u003cp\u003eOvertrading 323\u003c\/p\u003e \u003cp\u003eSticking Too Long with Losing Trades 324\u003c\/p\u003e \u003cp\u003eGetting Too Emotionally Involved 324\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 21: Almost Ten Alternatives to Day Trading\u003c\/b\u003e\u003cb\u003e 325\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eProprietary Trading for an Investment Company or Hedge Fund 325\u003c\/p\u003e \u003cp\u003eTrading for an Agricultural, Energy, or Commodities Company 326\u003c\/p\u003e \u003cp\u003eJoining a Market Making Firm 326\u003c\/p\u003e \u003cp\u003eTraditional Investing for Your Own Account 327\u003c\/p\u003e \u003cp\u003eTaking a Swing at Swing Trading 327\u003c\/p\u003e \u003cp\u003eGambling for the Fun of It 327\u003c\/p\u003e \u003cp\u003ePlaying Day Trading Video Games 328\u003c\/p\u003e \u003cp\u003eTrading in Demo Accounts 328\u003c\/p\u003e \u003cp\u003eParticipating in a Trading Contest 329\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 22: Ten Tested Money-Management Techniques\u003c\/b\u003e\u003cb\u003e 331\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTaking Money off the Table 332\u003c\/p\u003e \u003cp\u003eUsing Stops 332\u003c\/p\u003e \u003cp\u003eApplying Gann’s 10 Percent Rule 332\u003c\/p\u003e \u003cp\u003eLimiting Your Losses with the Fixed Fractional System 333\u003c\/p\u003e \u003cp\u003eIncreasing Returns with the Fixed-Ratio System 333\u003c\/p\u003e \u003cp\u003eFollowing the Kelly Criterion Formula 334\u003c\/p\u003e \u003cp\u003eFiguring the Amount to Trade with Optimal F 334\u003c\/p\u003e \u003cp\u003eMeasuring Risk and Sizing Trades with Monte Carlo Simulation 335\u003c\/p\u003e \u003cp\u003eTaking a Risk with the Martingale System 335\u003c\/p\u003e \u003cp\u003eThrowing It to the Fates 336\u003c\/p\u003e \u003cp\u003eAppendix: Additional Resources For Day Traders 337\u003c\/p\u003e \u003cp\u003eIndex 345\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default 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