The Day Trader's Course
Step-By-Step Exercises to Help You Master the Day Trader's Course
Chapter One
The Mental Game
At first you thought it was going to be easy. You read the hype and
hoopla that day trading would bring you the sun, moon, and stars. You
opened an online account and jumped into trading with both feet. You
scored on the first few trades. It seemed too easy to be true: You bought a
stock. It went up. You sold at a profit. What you didn't realize, however,
was that in 1999 the market as a whole was up. As the old saying goes,
"A rising tide raises all boats." In this case, the market's upward surge
brought the majority of stocks with it.
Then came the downturn. The Nasdaq Composite, the highflier
that had posted nearly an 86 percent gain in 1999, ended 2000 with
a loss of more than 39 percent. The Standard & Poor's 500-stock
cash index (S&Ps), the benchmark for individual stock and fund
performance, declined 10 percent from the close of 1999 to the
close of 2000.
Even on the last trading day of the year-December 29, 2000-the
Nasdaq Compo ... read full excerpt from The Day Trader's Course Workbook: Step-by-step exercises to help you master The Day Trader's Course ebook
