Stock
Patterns for Day Trading Volume 2 by Barry Rudd
This book describes the trading
strategies used by a professional stock trader in his own trading. The
collection of trading patterns it describes and the trading strategies and
tactics it teaches provide a valuable course of instruction on short term,
swing, and day trading in individual stocks. This manual will prove
valuable to short term stock traders who seek to make their living from
short term price swings.
Mr. Rudd's first book, Stock
Patterns for Day Trading, was a runaway best-seller that was
exceptionally well received by thousands of traders. This sequel provides
much new information, and strategies covered in the first book. Included
are alternate entry points, countertrend trading techniques, an
elaboration of the discussion on profit targets and price objectives, a
filtering process to select the best trades, and a discussion of the
psychology of successful trading.
About the Author: Barry Rudd, a native of
Dallas, is a graduate (BS Psychology) of Texas A&M University. He
worked in the area of pharmaceutical sales after college. Over a ten year
period, he traded stocks, options, and futures on a part-time, and finally
a full-time basis as a private investor. He currently day trades stocks
(primarily NASDAQ issues) for a living. He has studied all forms of
technical analysis and has found that Simplicity is your friend. I rely
primarily upon specific daily and intraday price patterns to trade.
OVERVIEW
PRIMARY TRADING
STRATEGIES
- Wide Range Days, with
Extreme Close
- Reversal Setups
- Consolidation
Breakouts
- More 5-minute bar
patterns
- L pattern
- Flashback
- Failed morning
rally
- Shotgun pattern
- Micro S/R in
stocks
- 7 Profit Targets
- 6 Fading Techniques
- Filtering
- Supporting factors
- Negating factors
- Tradable Congestion
- Daily Bars of
Indecision
SUPPORTING TOOLS AND
TACTICS
- Market Index Behavior
- Typical Scenarios
- Time of Day - Morning
Move, Dead Zone & Power Hour
- The Ticker &
Choosing Your Basket of Stocks
REAL-WORLD TRADE ANALYSIS
AND MONEY MANAGEMENT
- Trend Trading vs.
Scalping
- Trade Analysis
- Risk/Reward Ratio
& Scaling
- Money Management -
Specific Strategies
- Trade Checklist
PSYCHOLOGY AND DISCIPLINE
OF DAY TRADING
- How to tame that thing
we call a brain
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