The Market Maker's Edge: Day Trading Tactics from a Wall Street Insider
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A Market Maker Reveals How He: Times Entry and Exit Points for Minimum Risk, Maximum Profit Combines Fundamental and Technical Analysis Controls His Environment Every Day, with Every Trade! Hundreds of books, written from the buy-side viewpoint of the successful trader, promise day trading success. The Market Maker's Edge is the first book to turn the tables, working from the sell side to explain how the market maker routinely maintains the upper hand, seizing profits while controlling risk in today's volatile marketplace. Written by a Josh Lukeman—a Morgan Stanley Dean Witter market maker who has honed his skills for years—The Market Maker's Edge reveals: 4 signals for spotting—and profiting from—a developing trend Important risk control concepts every trader must know to protect against losses Advanced trading strategies based on recurring technical patterns Today's top market makers operate in intensely competitive atmosphere, with millions of dollars at stake. The Market Maker's Edge is today's only trading book written from inside the market maker's domain. Use it to open the door, and shed light on the trading tactics used by Wall Street's most powerful market making institutions.Josh Lukeman is an active short-term trader at Morgan Stanley, where he also produces a daily technology sector bulletin for fellow traders.
Part I: Risk Control.Managing Money to Succeed As a Day Trader. Five Steps to Determine the Proper Position Size. Profit by Managing Loss. Mind Games That Propagate Financial Havoc. Part II: Underlying Conditions. Trend Spotting Is the Key to Profits. Four Trading Signals for Spotting a Trend. Part III: Fundamentals. Fundamental Catalysts. Ratio Power. Economic Indicators and Their Impact on Day Trading. Organize Your Information Flow. The Trade. Entry. Exit. Execution and Control. Technical Analysis. Candlestick Charting Techniques. Support and Resistance. Basic Chart Patterns. Oscillators and Reversal Indicators. Part VI: The Pulse of the Market. Volume. The Leading Indicators. Part VII: Advanced Trading Tactics. Advanced Chart Patterns. Trading the Gap. Event-Driven Trades. Part VIII: Psychology. The Trading Mind. Conclusion. Index.
