After 10 years of actively trading the stock market (24/7)-live trades haunt weekends-I was exhausted and needed a break. I had learned a great deal about human nature and about myself. It had been a thrilling ride. In fact, I felt like a Marine returning from battling jihadists in Iraq: the first decade of the 21st century featured the financially bloody dot com bubble burst, the 9/11 disaster, the 2008 world financial crisis; daily bursts of deadly gunfire from the market makers; and insiders, the smart money, manipulating the market to fleece the outsiders, the retail investor. After the dust had settled and my PTSD had faded, I felt my adventures deserved to be put to paper for the benefit of other would-be daytraders and anyone interested in experiencing what it would be like to trade the markets. When I first conceived the fact as fiction novel, Confessions of a Day trader, I believed my audience would be primarily daytraders, financial gurus and wealthy investors. I believed most readers would be familiar with stock market terms the use of which was required to realistically describe the events being portrayed. This was certainly the case with most of my fans: Based on a true story this is a fantastic book about what it’s really like in the investment arena. A behind the scenes look at what life is like and the crazy ups and downs. If you are a fan of movies about the stock market this is a sure bet. by Buzz (Amazon Review). And: I was about to turn this book away thinking it was a guide but this is a story and an interesting one at that. Great look at the ups and downs of a real day trader. Lessons learned and a lot of money thrown away! by Natalla Escobar (Amazon Review). But then there were others only marginally familiar with the stock market who protested the use of stock market jargon: A lot of technical jargon made this book not as fun to read as I thought that it would. by Logan (Goodreads Review) I took to heart Logan’s complaint but knew I could not write about the stock market, at least realistically, without exposing jargon and strategies used by Wall Street and retail investors. Hence my dilemma. What could I do to give the novice a few tools that might help him more easily experience the daily wild ride of the day trader the better to enjoy Jay and Stevy’s plight. After some thought, I came to the conclusion that a short introduction to trader jargon and trading strategies including definitions and examples might help. This primer is not meant for the experienced trader. It is not intended to be a manual on daytrading since it only touches the terms used in the novel and excludes all other relevant material relating to stock market activity. It is meant to be a very quick read for my fans to facilitate their reading experience.
