Читать книгу The Guts and Glory of Day Trading - Mark Ingebretsen - Страница 10

Which brings up how the traders profiled in this book can be especially helpful to anyone who’s thought about joining their ranks. Each of the 12 traders you’ll read about has developed a unique strategy. You could think of this book as a kind of sampler of artistic styles. And – yes – the most successful traders play the market the way a skilled musician plays an instrument.

One trader, Bob Martin, who’s a lawyer from Wichita, Kansas, looks for successful, fast-growing companies called “gorillas” with knockout technology. He either takes positions in a highly diversified basket of these companies and waits for them to grow, or else he uses the shares he owns to execute an options strategy known as “covered call writing.” Chris Farrell searches out extremely stable stocks that trade on the New York Stock Exchange (NYSE). One could truthfully call them boring stocks. But Farrell likes them that way. He earns a living 1⁄16 of a point at a time by getting inside the bid and ask spread. And as you’ll see, his strategy takes advantage of a couple of unique rules governing trading on the NYSE. Another trader, Barbara Simon, a former graphic artist, has made herself an expert on how stocks trade in the days immediately before and after they announce their quarterly earnings. Brendan DeLamielleure watches 5-minute tick charts. Like a violinist watching a conductor’s baton, he waits for the precise moment when he should play a stock or withdraw. And then there’s Scott McCormick, who’s worked on classified engineering projects for the Defense Department. Each night he searches for market opportunities by running a list of stocks through an artificial intelligence software program he’s devised.

Some of the traders put relatively small amounts of money into play. Others bet the farm on expensive, highly volatile stocks. Some hold certain positions for months, even years. Others might jump in and out of a stock in a matter of seconds.