Overview The concise, common-sense insights of a day trading pro Some traders spend thousands of dollars attending training seminars. If you don't have the time or resources for that, pick up Rules of the Trade instead. This reliable, no-nonsense guide distills the insights of several online trading experts into one short, quick, and easy-to-read book that not only lists the rules, but explains what the rules mean, why they're important-and the high costs of overlooking them even once. Packed with real-life examples to illustrate key points, this book- written by David S. Nassar, author of the bestseller How to Get Started in Electronic Day Trading -- will teach you the basic rules of survival, help you preserve capital, learn the ropes, and go on to succeed in this lucrative but volatile profession. Table of contents Chapter 1: Preparing to Trade. Chapter 2: Rules for Trading. Chapter 3: Rules for the Active Trader. Chapter 4: Rules for Stock Selection. Chapter 5: Rules for Entering Trades. Chapter 6: Rules for Exiting Trades. Chapter 7: Rules for Hedging Risk. Chapter 8: Rules for the Technician. Chapter 9: Rules for the Evaluating Performance. Chapter 10: Rules for Technology and the Internet. Chapter 11: Rules for Money and Mind Management. Chapter 12: Interviews and Insights from the "One Percenters". Biographical note David S. Nassar is chairman and CEO of Market Wise Securities, Inc., and a pioneer in electronic trading. Seen on CNBC, NBC Nightly News, and CNN, and interviewed in numerous national publications including Business Week and Forbes, Nassar is the founder of a highly successful broker/dealer and and the author of the New York Times bestseller How to Get Started in Electronic Day Trading. Back cover copy From the bestselling author of How to Get Started in Electronic Day Trading Everything You Need to Know to Become a Confident, Knowledgeable Online Trader Successful traders know: The rules for profitably trading today's fast-moving stock markets are consistent And dynamic. Traders who don't follow these rules won't last long and may never know how close they were to true trading masteryÂÂif they had just known the rules. Rules of the Trade gives you the building blocks toward becoming a profitable, market-wise trader. This detailed examinationÂÂwritten by acclaimed trader, trainer, and writer David S. NassarÂÂshows what traders must do to succeed. Its market-proven rules will show you how to cut losses short and let profits run in every aspect of electronic trading, including: Entering and exiting trades Psychological discipline Stock selection Hedging risk Evaluating performance Utilizing technology and the Internet Money management High-stakes online trading requires discipline, knowledge, and a strict adherence to time-tested rules of trading and market behavior. Rules of the Trade tells you what those rules are, gives you the knowledge and instincts to use those rules perceptively, and shows you how to take full advantage of today's Volatile and turbulent stock marketsÂÂhistory's greatest opportunity for individual investors to garner significant trading wealth. "(David S. Nassar) has done an excellent job assembling the key characteristics and attributes traders need that are often ignored." ÂÂWilliam Lupien, Chairman, OptiMark Techologies, Inc.From the Foreword The online trading explosion is the first great wealth-building event of the twenty-first century. As today's ultravolatile markets generate one profit opportunity after another, savvy traders are learning how to consistently leverage substantial profits from every marketÂÂwhether going long in up markets, selling short in falling markets, or grinding out profits in sideways markets. But before you can succeed in this arena, you need a foundation in the rulesÂÂboth psychological and operationalÂÂthat separates the true professional trader from the pretender. In Rules of the Trade, David S. NassarÂÂauthor of the bestselling How to Get Started in Electronic Day Trading and a highly profitable and active trader in his own rightÂÂexplains exactly what these rules are and why they are critical for everyone from beginning traders to experienced, seasoned market veterans. Concise, to the point, and packed with real-life examples of key rules in action, Rules of the Trade is the one book that traders must readÂÂand review dailyÂÂto keep their instincts razor-sharp. All traders, regardless of their expertise or experience, will profit from detailed, insightful descriptions that include: Why the opening 15 minutes should be watchedÂÂnot traded Eight attributes of a tradable stock The importance of mentors Differences between acting and reactingÂÂand how to profit from each How to control greed and fear while maintaining an edge Three market stages that drive pricesÂÂcritical knowledge for sizing a trade Interviews and insights from the "one percenters"ÂÂFive top traders share how they approach the Market Whether markets are bull, bear, or turbulent, one aspect remains clearÂÂmany active traders are making a lot of money. Let Rules of the Trade show you how to join their ranks, and greatly increase your odds of profiting by every trade, while building confidence and limiting risk!