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The Complete Idiot's Guide to Active Trading by Ken Little

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Introduction
Study after study proclaims that attempting to “beat the market” is a losing strategy. Many financial professionals and writers, me included, encourage people to make quality investments that they can hold for the long term.
New studies have shown that most people who invested in actively managed mutual funds would have done better if they had put their money in a low-cost index fund instead.
Why, then, write a book about active investing? There are several reasons.
Active investing is not about “beating the market.” It is about making a profit one trade at a time over a short period, rather than waiting for years to see if your investment pays off.
More important, active trading is not about what “most people” should do. The truth ...

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