A realistic guide to day trading today's stock market. The Truth About Day Trading Stocks is an uncompromisingly realistic look at the challenges involved in becoming a successful day trader. Based on author Josh DiPietro's ten years of experience as a day trader, this book dissects the psychological and strategic pitfalls that cause most aspiring day traders to fail. Written in an engaging and sometimes humorous tone, The Truth About Day Trading Stocks relates his own experiences, and in so doing, provides the reader with valuable lessons. This book is an antidote to trading industry hype tha.

Front Matter -- The Wholehearted Amateur -- Psychological Truths and What to Do about Them -- Psychological Truths and What to Do about Them. Truths about Yourself to Know First -- How Emotions Can Destroy a Trade -- Preventing Overconfidence -- From Impatient to Cool, Calm, and Collected -- Taking Breaks -- The Truth about Your Risk -- Truth about Your Risk. The Importance of Risk Management -- Why Overexposure to the Market Can Hurt -- Budgeting: Knowing Your Financial Limitations -- Minimizing Your Risk with Stop/Loss -- Averaging-Down: A Skilled Strategy -- Gambling versus Day Trading -- Intraday Trading Truths -- Intraday Trading Truths. Why Some Traders Make More Mistakes -- Trading Consistently All Day -- Stock Picking: Simplifying the Process -- Why News Can Be Just Noise -- The Truth about Training and Preparation -- The Truth about Training and Preparation. About Those Training Programs -- Picking the Right Online Broker: Pay-per-Share versus Pay-per-Trade -- Paper-Trading Strategy -- Trading for Skill versus Trading for Income -- The Perfect Trading Day -- The Worst Trading Day -- Parting Words -- Rules to Remember -- About the Author -- Index.

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