I had the pleasure of speaking about day trading at WizeFEST 2002. After the convention l prepared a small document addressing the subject of proxy Wizemen and have since received numerous phone calls and e-mails. First of all, there is obviously considerable interest in day trading. Secondly, based upon the questions that l am asKed over and over, traders want very specific answers to a multitude of questions. The purpose of this expanded publication is to answer many of these questions which l receive daily. It's really a short course in day trading with Wizetrade, and it is my sincere desire to bring everyone up to speed in the art of day trading. Yes, day trading is an art. There is a sixth sense, or a rhythm to day trading. Those who have it do better than those who do not, but everyone who applies the principles outlined in the next few pages has to potential for consistent success in this endeavor.
There is another reason for writing this publication. Since Wizefest, I continually hear references to Mel's Method. What I have been recommending is not a trading method, but alternative chart settings. You will discover, after looking through this material, that I use many trading methods or systems. Day trading need not be a haphazard, frantic occupation and, maybe together, we can take some of the mystery out of short-term trading.
Some of you are already master Wizetraders and are hauling in thousands of dollars everyday. You probably know most of the following information and have mastered the techniques needed to execute your favorite trading strategies. If that is the case, just reach over and press the delete key on your computer. I know that l have learned a lot compiling this information, which has forced me to rethink the whole trading process and, gain new perspectives in regard to the day-trading profession. I believe that everyone will gain new insights into trading after reading this e-book. In fact, there is information contained herein that l guarantee will be new to every one of you.
I hope to follow-up this project with an update when the situation warrants In the meantime, l wish each of you immense success at your chosen full- or part-time profession.