When Sammy Chua
asked me to edit his
new book on daytrading, I jumped at the chance.As a reporter for Investor's Business Daily
, I had covered daytrading for several years.Too many of the daytrading gurus I wrote about were interested only in getting novice traders into their shop, bleeding them dry and then shoving them out the door when their capital had run dry.Sammy Chua
was an exception.He
has made a fortune using trading methods that I believe to be superior to the many other methods I have covered.Now he
wants to teach others how to succeed in this miraculous profession.There is no hidden agenda with Sammy
zeal to teach is genuine and heartfelt.He
wants to teach beginners to protect their capital and to avoid the psychological traps that often spell disaster for new traders.Sammy Chua
wants you to have the same success he
Daytrading has come a long way in the last 10 years.It is a risky occupation, but a small group of talented people have developed ways of lessening the risk and increasing the potential for profit.Sammy Chua
is number one on this list.Here's a short version of his
strategy: The controlling factor in daytrading is, according to Sammy
, supply and demand.
once drove this home to me in a phone conversation.He
talked about making a good profit the day before on Corning.I remarked that I liked Corning, because the company was in the rapidly growing fiber optics business.Sammy
took a deep breath and said: "Pete, I don't know what Corning does.
But I'll let Sammy Chua
explain this to you.He
is a proven winner in the fine art of daytrading.