Trading Strategies for Direct Access

By: Robert Sales

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Product code: 13800
ISBN: 0071363920
208 pages
Format: Hb
Published by: McGraw-Hill Professional, 2001, 1st edition

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Trading Strategies for Direct Access - front page cover image

Description of Trading Strategies for Direct Access

The new electronic direct access method of trading doesn't mean that traders can simply click a mouse button and watch the profits roll in. Trading strategies are still needed to make the right trade at the right time. Electronic direct access trading can use many of the same strategies and techniques that have been successfully used by traders for decades. However, because this is a slightly different medium for trading, trading strategies must be altered to fit this new trading format.

Trading Strategies for Direct Access Trading will walk the reader through the different ways to create his or her own electronic trading strategy. Whether a scalping day trader or a longer-term swing or position trader, there are ways to diversify and thus maximise capital that allow the trader to take advantage of market opportunities while controlling risk.

The author discusses the key elements a trader needs to master in order to effectively manage his or her trading. The author covers in detail the following concepts:

Most successful direct access traders actually combine long-term and short-term strategies to maximize the use of their Capital
Evaluating and managing risk on a consistent basis based on current market sentiment and the trader's capital situation
Choosing specific types of stocks to trader for specific types of traders.
An in-depth look at specific strategies to build an electronic trading portfolio and building as capital base.

Trading Strategies for Direct Access - Chapter headings

1. Introduction and Market Snapshot
2. The Rules
3. Building Your Electronic Trading Portfolio
4. SuperSOES: The Order Execution Equalizer?
5. Risk Management
6. Case Studies
7. Questions and Answers
8. Decimalization and After Hours Trading: Peering into the Future
9. Final Thoughts