Study Guide for Come Into My Trading Room - Forex Factory

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DAY-TRADING S I X Day-trading is much harder than most people think. Beginners stumbling into this field usually get the same financial result as from playing threecard monte on the street. The cards get shuffled a little too fast, the expense of getting in and out is a little too high, the player’s attention flags just a little, and soon another day-trading wannabe bites the dust. Day-trading demands instant reactions and the highest degree of discipline, but, paradoxically, tends to attract the most impulsive and hyperactive people. It demands a total concentration on short-term swings, and most people simply cannot focus their attention long enough. Still, day-trading has its uses, even <strong>for</strong> longer-term traders. If you know how to day-trade, you can use those techniques to slide into and out of your positions. Once you do that, turn off your real-time screen and focus on longer-term charts. Be sure to keep the two types of trading apart—do not convert position trades into day-trades and vice versa. 47
48 QUESTIONS Questions 48 49 50 51 52 53 Total points Trial 1 Trial 2 Trial 3 Trial 4 Trial 5 Question 48—Day-<strong>Trading</strong> Challenges Which of the following challenges are unique to day-trading? 1. Profits per trade are smaller, because of shorter swings. 2. Expenses are higher, because of more frequent trading. 3. Traders must act instantly or wash out. 4. It is more time-consuming than position trading. 5. Losing trades are bigger than with position trading. A. 1 B. 1 and 2 C. 1, 2, and 3 D. 1, 2, 3, and 4 E. All of the above
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STUDY GUIDE FOR COME INTO MY TRADIN
Page 5 and 6: BOOKS BY DR. ALEXANDER ELDER Tradin
Page 7 and 8: Copyright © 2002 by Dr. Alexander
Page 9 and 10: vi CONTENTS Part Two Answers and Ra
Page 12 and 13: HOW THIS BOOK IS ORGANIZED The firs
Page 14: QUESTIONS P A R T O N E
Page 17 and 18: 8 QUESTIONS Questions Trial 1 Trial
Page 19 and 20: 10 QUESTIONS Question 4—Stocks, O
Page 21 and 22: 12 QUESTIONS Question 8—Types of
Page 23 and 24: 14 QUESTIONS Questions 9 10 11 12 1
Page 25 and 26: 16 QUESTIONS Question 12—Alcoholi
Page 27 and 28: 18 QUESTIONS Question 16—Discipli
Page 30 and 31: BASIC CHARTING T H R E E Trading wi
Page 32 and 33: BASIC CHARTING 23 Question 20—A B
Page 34 and 35: BASIC CHARTING 25 Question 22—Bas
Page 36 and 37: F O U R INDICATORS— FIVE BULLETS
Page 38 and 39: INDICATORS—FIVE BULLETS TO A CLIP
Page 48 and 49: TRADING F I V E Beginning traders t
Page 50 and 51: TRADING 41 Question 41—System Tes
Page 52 and 53: TRADING 43 A. Trend-following B. Os
Page 54: TRADING 45 Question 47—Taking Pro
Page 59 and 60: 50 QUESTIONS Question 51—Opening
Page 61 and 62: 52 QUESTIONS Question 53—The Dail
Page 63 and 64: 54 QUESTIONS Questions 54 55 56 57
Page 65 and 66: 56 QUESTIONS Question 56—The Impu
Page 67 and 68: 58 QUESTIONS Question 59—Exits Fi
Page 69 and 70: 60 QUESTIONS Question 62—Trading
Page 71 and 72: 62 QUESTIONS Question 66—Options
Page 73 and 74: 64 QUESTIONS Questions 68 69 70 71
Page 75 and 76: 66 QUESTIONS Question 71—The 2% R
Page 77 and 78: 68 QUESTIONS Question 77—The 6% R
Page 80 and 81: N I N E THE ORGANIZED TRADER If you
Page 82 and 83: THE ORGANIZED TRADER 73 Question 83
Page 90: THE ORGANIZED TRADER 81 Question 99
Page 94 and 95: O N E FINANCIAL TRADING FOR BABES I
Page 96 and 97: FINANCIAL TRADING FOR BABES IN THE
Page 98: FINANCIAL TRADING FOR BABES IN THE
Page 101 and 102: 92 ANSWERS AND RATING SCALES ings w
Page 103 and 104: 94 ANSWERS AND RATING SCALES ten re
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BASIC CHARTING Answer 19 T H R E E
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BASIC CHARTING 99 Give yourself a p
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F O U R INDICATORS— FIVE BULLETS
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INDICATORS—FIVE BULLETS TO A CLIP
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TRADING Answer 40 F I V E D. 1, 2,
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TRADING 113 Answer 44 D. 1, 2, 3, a
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DAY-TRADING Answer 48 S I X D. 1, 2
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DAY-TRADING 117 Give yourself a poi
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ADVANCED CONCEPTS Answer 54 1. E 2.
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ADVANCED CONCEPTS 121 At the right
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ADVANCED CONCEPTS 123 Answer 61 1.
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ADVANCED CONCEPTS 125 Give yourself
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MONEY MANAGEMENT Answer 68 E I G H
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MONEY MANAGEMENT 129 staring at a l
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MONEY MANAGEMENT 131 Six precent of
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N I N E THE ORGANIZED TRADER Answer
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THE ORGANIZED TRADER 135 daily, and
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THE ORGANIZED TRADER 137 Answer 93
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THE ORGANIZED TRADER 139 Answer 98
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LET’S TRADE: S E C T I O N CASE S
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144 CASE STUDIES disciplined and ga
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146 CASE STUDIES Technical analysis
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148 CASE STUDIES Trade 1: Oracle Co
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150 CASE STUDIES Trade 2: Sun Micro
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152 CASE STUDIES Trade 3: Kroll Inc
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154 CASE STUDIES Trade 4: Imclone S
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156 CASE STUDIES Trade 5: Wheat—E
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158 CASE STUDIES Trade 6: Vimpel Co
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160 CASE STUDIES Trade 7: Internati
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162 CASE STUDIES Trade 8: Biovail C
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THE ROAD AHEAD You can learn to tra
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SOURCES Appel, Gerald. Day-Trading
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Study Guide for Come Into My Trading Room - Forex Factory

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