Jea yu THE UNDERGROUND TRADER GUIDE TO ELECTRONIC TRADING

(continued from front flap) ^Ln today's crowded world of electronic day trading Web sites, Undergroundtrader.com™ is notable for its no-nonsense instruction, uniquely valuable advice, and forthright, just-the-facts trading perspective Thousands of successful traders return daily to this Web site for up-tothe-minute advice and commentary Now, Undergroundtrader.com™ cofounder Jea Yu transfers his experience and technical expertise from the Web page to the printed page The Undergroundtrader.com™ Guide to Electronic Trading shares Yu's most consistently successful trading strategies—techniques for understanding and utilizing the rapid-fire Nasdaq Level screen, tactics for uncovering and profiting from market makers, surgical methods for sneaking in and out with a quick profit, and more—in a style that eschews hype and misinformation to concentrate on facts Not a book for beginners or hobby traders, The Undergroundtrader.com™ Guide to Electronic Trading packs its pages with upperlevel strategies and techniques guaranteed to establish you on the screen as a powerful, effective trader—and a formidable presence Look to this straightforward, pull-no-punches guide for: • Charting methods to accurately evaluate immediate and historical intraday trends n Tactics for getting optimal fill prices during periods of panic momentum • Methods for minimizing risks while playing momentum stocks on the fly B Telltale signs of initial bottoms or tops on the open • Strategies for understanding—and maximizing—each distinct period during the typical trading day (continued on back flap] E Valuable information on hardware setup, brokers, mental preparation, money and risk management, keeping a trade journal, and more Yu completes his all-in-one seminar by taking you through two days in the life of an underground day trader Minute by minute, trade by trade, you experience the excitement, split-second strategy, successes, mistakes, and recoveries involved in intraday trading No other book takes you inside the screen in such personal, heart-stopping language—and prepares you so thoroughly for the actual give-and-take of putting your own money on the line The Undergroundtrader.com'"" Guide to Electronic Trading is for aggressive, hungry traders who want it all, and want it all now From new traders looking to hit the ground running to experienced day traders who need to polish their technique and fine-tune their trading personality, it explains how to trade with the trend, understand various types of plays, and profit from the volatility and price fluctuations that are waiting for the savvy, intuitive underground trader—each and every trading day About the Author | Jea Yu is the managing I partner and cofounder of • Undergroundtrader.com™, one of today's most popular and successful day trading Web sites, and lead instructor for Undergroundtrader.com™ 's training seminars A veteran of the equities markets, Yu was previously a business management consultant Cover Design: Eric Fuenticilla Cover Art: Eric Fuenticilla The Undergroundtrader.com™ Guide to Electronic Trading Day Trading Techniques of a Master Guerrilla Trader The Undergroundtrader.com™ Guide to Electronic Trading Jea Yu McGraw-Hill New York San Francisco Washington, D.C Auckland Bogota Caracas Lisbon London Madrid Mexico City Milan Montreal New Delhi San Juan Singapore Sydney Tokyo Toronto Library of Congress Cataloging-in-1'ublication Data Yujea The undergroundtrader.com™ guide to electronic trading / byJeaYu p cm ISBN 0-07-136016-6 Electronic trading of securities I Title HG4515.95 Y93 2000 332.64'0285—