Making the case that long-term day trading is not an oxymoron, the author of 101 Investment Lessons from the Wizards of Wall Street and his professional day trader coauthor share rules and interviews with successful online traders on maximizing returns with insights from traditional investing. Recommends web sites. Annotation c. Book News, Inc., Portland, OR (booknews.com)
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What happens when you combine a traditional long-term investor with a highly aggressive day trader? You end up with a long-term day trader: a person who holds a stock longer than most day traders but sells faster than a tradtional buy-and-hold investor.The Long-Term Day Trader can help you use the short-term strategies of the professional day trader to imprive your long-term returns. It doesn't matter whether you are a short-term trader or a long-term investor. By using the most profitable tactics of the top day traders, you really can boost your long-term returns.Author and long-term investor Michael Sincere prefers to buy high-quality stocks, mutual funds, and index funds. Professional day trader Deron Wagner believe in short-term trading tactics. The Long-Term Day Trader is a synthesis of both strategies.The Long-Term Day Trader can help you no matter what your style of investing. You'll learnHow long-term investors can profit from the secrets of day traders.How to find the trading system that fits your personality and meets your goals.How to be a winning long-term day trader.Why day traders lose money and how long-term day traders can avoid the pitfalls.The Long-Term Day Trader will teach you new ways to look at your investment portfolio. The short-term strategies you learn could provide a huge boost to your long-term investment returns with a minimum of capital investment.This book does not propose to be the answer to all your investment questions, nor does it promise to make you a millionaire withing a few short months. It is designed to imprive your long-term returns by utilizing the strategies and tactics of professional day traders...strategies that put only a small fraction of your portfolio at risk, while opening up the possibility of unlimited growth.
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