Winning the Day Trading Game: Lessons and Techniques from a Lifetime of Trading

THOMAS L. BUSBY, a twenty-five-year veteran of the market, began his trading career with Merrill Lynch while earning a law degree. After training in New York, he earned his brokerage license and a license to trade futures, and enjoyed remarkable success. But on October 19, 1987, the market crashed, and with it his career and???—worst of all???—his self-confidence. After several years of struggle, he reappraised all that he had learned, ultimately devising an innovative short-term trading strategy focused on risk management. Applying this new method, he achieved phenomenal results. In 1996 he founded the Day Trading Institute, now one of the world's most successful trading schools. Mr. Busby is a member of both the Chicago Mercantile Exchange and the Chicago Board of Trade.

PATSY BUSBY DOW is a former educator, an attorney, and a trader. As Tom Busby's first cousin, she heard him talk about the markets and his trading experiences. Her fascination with his stories and market savvy led her to study his trading methods. She is currently employed by the Day Trading Institute as a staff writer.