Profit every day from market volatility at alllevels of the game The high-pace atmosphere of today's markets may appearoverwhelming, but the right trading systems and expert guidance can help you build winning habits--and Micro-Trend Trading for Daily Income gives you the expertise and tools you need to consistently earn outsized market gains. Written by the man Wall Street calls "Dr. Stoxx," this practical trading manual shows you how to harness the powerof volatility to bank daily profits. Microtrend trading takes you beyond the realm of common fundamental or technical analysis to find the hidden pockets of rationality, the "micro-trends," between the open and closeof daily trading. Carr's proven, quick-turn, 100 percent mechanical systems are easy to use and do not require sitting in front of the computer all day. You can trade onyour lunch break, you can trade the open or the afternoon session, you can even trade once a month and still make great income. And since most strategies in this book have you liquid by the closing bell, your day ends with your account gains posted--and your net worth heading skyward. Micro-Trend Trading for Daily Income shortens the learning curve and prepares you to think quickly and act decisively with insightful examples and case studies that illuminate Carr's time-tested strategies. With this reliable resource at your fingertips, you will have the confidence to take large positions and make huge returns ona day-to-day basis. Within days you'll be building wealth while tightly managing risk. Micro-Trend Trading for Daily Income is the one complete book that gives you the tools and knowledge you need to develop an arsenal of mechanical, profitable shortterm trading strategies that can earn you consistent profits--even in today's temperamental markets. Dr. Thomas Carr , CEO of Befriend the Trend Trading, a stock picks and trader training service, has been actively involved in the markets since 1996, following several years of studying technical analysis. He holds a master’s degree from Princeton Theological Seminary and master’s and doctoral degrees from Oxford University. Dr. Thomas Carr , CEO of Befriend the Trend Trading, a stock picks and trader training service, has been actively involved in the markets since 1996, following several years of studying technical analysis. He holds a master’s degree from Princeton Theological Seminary and master’s and doctoral degrees from Oxford University. MICRO-TREND TRADING FOR DAILY INCOME Using Intraday Trading Tactics to Harness the Power of Today's Volatile Markets By Thomas K. Carr The McGraw-Hill Companies, Inc. Copyright © 2011 Thomas K. Carr All rights reserved. ISBN: 978-0-07-175287-9 Contents ACKNOWLEDGMENTSPROLOGUE Why This Trading Book Is DifferentINTRODUCTION What Is Micro-Trend Trading?PART ONE PRELIMINARIESCHAPTER 1 Your Micro-Trend Trading WorkstationCHAPTER 2 The Best Markets for Micro-Trend TradingCHAPTER 3 The Five-Step Plan to Micro-Trend Trading SuccessCHAPTER 4 Order Types, Stop Losses, and Target ExitsPART TWO ONE-DAY MICRO-TREND SYSTEMSCHAPTER 5 The Bread-and-Butter SystemCHAPTER 6 The Five-Minute Trend Trade SystemCHAPTER 7 The VIX Reversal SystemCHAPTER 8 The Lunchtime Scalp SystemCHAPTER 9 The Afternoon Reversal SystemPART THREE MULTIDAY MICRO-TREND SYSTEMSCHAPTER 10 The OverNightTrading SystemCHAPTER 11 The Snap-Back BBand SystemCHAPTER 12 The Turn-of-the-Month SystemPART FOUR ADDENDUMCHAPTER 13 Is Trading a Form of Gambling?FINAL WORDSNOTESINDEX Excerpt

CHAPTER 1

Your Micro-Trend Trading Workstation

Those of you who have read my Trend Trading for a Living can easily skipthis section without missing much. This chapter largely mirrors what was said inChapter 1 of Trend Trading for a Living. However, there areseveral important updates here to accommodate the added computer power needed tomicro-trend trade well. In addition, since my last writing, several new andextremely cost-effective services have been launched that will greatly reduceyour overhead costs for scanning and charting your watch lists. These newservices are listed in this chapter.

HARDWARE REQUIREMENTS

For all trading purposes, I recommend using a recent-model desktop PC orMacintosh computer. Any computer older than two years is likely due for anupgrade. Between the two primary formats, the Windows-based option is the betterchoice for micro-trend traders because most of the higher-end software that isuseful for short-term trading is available only in that format. Yes, Apple fanswill argue that with PC emulators and various kinds of integration applicationsyou can run Windows-formatted programs on a Mac. If they are honest, though,they also will tell you that these emulators are "buggy" and slow. And when itcomes to trading micro-trends, faster is better!

In general, when considering a new PC, the faster the processor speed, thebetter