Day Trading Stocks the Wall Street Way: A Proprietary Method For Intra–Day and Swing Trading

"Day Trading Stocks the Wall Street Way is all about Countertrend Trading. Josh DiPietro explains that concept in great detail not just for intraday trading, but also for swing trading and a combination of both, called fusion trading. However, countertrend trading certainly is not for the faint of heart. One of the main traits you′ll need is to not get scared when in the red while waiting for profit target to hit."
Marko Gränitz, TRADERS′ Magazine

Day Trader Josh DiPietro′s exclusive fusion system for drawing consistent profits from the market

Day Trading Stocks the Wall Street Way gives you the tools, techniques, and time–tested methods to day trade like a pro with pro results. Specifically written to help aspiring traders avoid the pitfalls of seminars, software, and major brokerage houses, this practical guide provides an actionable plan for developing the hard skills and disciplined practices you need to achieve real success day trading stocks.

Whether providing one–on–one instruction or presenting at major conferences, Josh′s engaging and humorous style reveals the secrets to his fusion system of trading, which is easily accessible but sophisticated enough to gain a profitable edge in the market. Step by step, see how to execute daily trades, take small profits, exit losing trades quickly, and minimize transaction costs while you:

Establish realistic expectations for making a living day trading in the real world Gain the wisdom to profit from opportunities and avoid amateur mistakes Master the framework to Josh′s sought–after fusion trading approach

If you′re serious about trading to make a living, start Day Trading Stocks the Wall Street Way.

Author s Note

Three Essential Prerequisites

Introduction

Discovering Day Trader Josh

Acknowledgments

Part 1: Mastering Your Mindset Before You Absorb the System by Day Trader Josh

Lesson 1: Control of Emotions and Mastery of Focus

The Fear and Greed Factors

How to Control Them

How to Stay Focused While Trading All Day

Lesson 2: How Overconfidence Can Destroy Your Trade

Confidence Is Great Until You Have Too Much

Lesson 3: Dealing with Your Impatience

Traders Have to Cope with Two Kinds

How to Control Your Impatience

Lesson 4: Knowing When to Stop Trading

Why Taking Breaks from Day Trading Is Necessary

What to Do During Your Inevitable Break(S)

Lesson 5: Risk Management: Buying Power vs. Capital

How Much Buying Power to Trade With

Recaps on Managing Your Buying Power

Lesson 6: Avoiding Overexposure to Market Risk.

Normal Exposure Is the Amount You Can Lose Overexposure Is Disaster

Trading Consistently in 100–Share Blocks Prevents Overexposure

Recaps on How to Avoid Overexposure

Lesson 7: Budgeting Your Way to Profitability

How to Stay out of the Poor House

Lesson 8: A Realistic Look at Stop/Loss

Stop/Loss Should Be Automatic

How to Properly Strategize Stop/Loss without Hesitation

Lesson 9: Day Trading Is Not Gambling.

There s a Huge Difference between Them

Day Traders Options Not Available in Casinos

How to Make Sure You re Day Trading, Not Gambling

Lesson 10: Consistency Rules!

Stay Consistent in Your Trading Habits and Tactics

Maintain a Highly Regimented Trading System

Lesson 11: News vs. Noise

Learn to Resist Media Babble

How to Monitor News and Economic Reports

Lesson 12: When It Comes to Averaging Down, Amateurs Beware!

It s Not Based on Real Price Levels

How to Avoid Recklessly Averaging Down

Lesson 13: What Stocks to Trade and Why

I ve Already Selected Them for You

Learn My Stock Selection Criterion–System

Lesson 14: Picking the Right Online Broker

Pay–Per–Share vs. Pay–Per–Trade Brokers

Part 2: Day Trader Josh s Intra–Day Trading Methodology

Chapter 1: Basic Procedure

The Best Stocks to Trade with My System

Additional Reasons Why You Should Take Only 15 Cents on Each Trade

Chapter 2: PRIOR Price Levels and Newly Forming Intra–Day Levels

The Basics of 1–Minute Candle Stick Chart Reading

Get your daily Price Levels Logged and Organized

What to Do After You Have Your List of daily High Price Levels and daily Low Price Levels

Log Your Prior Price Levels on a Whiteboard Before the Opening Bell

Now You Start the Five–Candle–Stick Counting Process

How to Count Five Minimum Candle Sticks (Chart Analysis)

Notes, reminders, cautions, and hints of the lessons to come

Chapter 3: Intra–Day Golden Rules: Entry/Exit Setups

The Rules Explained

Mastering the 3–Tier Max Strategy with 100–Share Block Trades

Understanding the Wisdom of 15 Cent Static Profits

Observing the Framework of Entry and Exit Strategy with Step–By–Step Procedures and Guidelines

Entry Strategy

Exit Strategy

The Wisdom of Using Strategy Stop–Loss

Chapter 4: The Mechanics of Fast–Key Order Execution

Using Your Keyboard Keys for Rapid Order Execution

Placing Orders Directly from a Level 2 Quote Chart (Direct Access)

Executing Real–Time Trades (Manual Limit Orders)

Scrutinizing both Real–Time and End–of–Day Trades with Back–Testing

Part 3: Day Trader Josh s Swing Trading Methodology

Chapter 5: Introduction to Swing Trading:  Basic Rules and Procedure

Introducing the Ten–Day Hold Rule

How to Determine the First Tier Swing Level

Understanding Entry and Exit Setup Rules

Two Key Swing Rules to Follow

Buying Power and Trading Experience Dictate Your Swing Strategy

Here s the Good News!

Chapter 6: Sample Swing Charting Setups

The 5 Percent Bubble

Swing Trade Setups

Part 4: The FUSION of Intra–day and Swing Strategies

Chapter 7: Introduction to Fusion Trading

Why Are They Not Mutually Exclusive?

Applying the Golden Rules

Deciding Your Trading Options: Intra–Day Only, Swing Only, or Fusion?

Chapter 8: Sample Fusion Trade Setups

Sample Fusion Trade #1

Sample Fusion Trade #2

Sample Fusion Trade #3: An Advanced Fusion Traded...

Final Words on Fusion Trading...

Part 5: Advanced Rules and Procedures

Chapter 9: Maximizing Net Profits and Minimizing Losses on Overall Trade Setups

What is Pivot Trading?

Sideline Trading

Earnings Release Trading

Chapter 10: My Trading Room and how it Works

Chapter 11: The Day Trader Josh Training Program

Program Details

Learning Objectives

What the Price Includes:

Recap

Chapter 12: My Final Words to Readers:  Warnings, Reminders, and Prospects for the Future

Index

JOSH DIPIETRO is a professional day trader who started out in 1998, over seventeen years ago making the rounds at private equity trading floors in the Financial District of Manhattan. He is the author of The Truth About Day Trading Stocks, as well as numerous articles, all of which support his passion for educating tomorrow′s trader. Josh operates his online trading room and coaching program, where he can be reached at www.EmailDayTraderJosh.com and www.DayTraderJosh.com or at 1399 9th Avenue #1211 San Diego, CA 92101.