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How to Day Trade for a Living: A Beginner’s Guide to Trading Tools and Tactics, Money Management, Discipline and Trading Psychology

Amazon.com Price: $18.32 (as of 12/05/2019 16:24 PST- Details)

Categories: Analysis and Strategy, Books, Business and Finance, Business and Money, Finance, Financial Risk Management, Futures, Investing, New, Used and Rental Textbooks, Online Trading, Specialty Boutique, Stocks, Subjects

Description
Amazon Customer Reviews

Description

Very few careers can offer you the freedom, flexibility and income that day trading does. As a day trader, You’ll live and work anywhere in the world. You’ll make a decision when to work and when not to work. You only answer to yourself. That is the life of the successful day trader. Many people aspire to it, but very few succeed.

In the book, I describe the fundamentals of day trading, give an explanation for how day trading is different from other styles of trading and investment, and elaborate on important trading strategies that many traders use each day. I’ve kept the book short so You’ll in truth finish reading it and not get bored by the middle.

For beginner traders, this book gives you an understanding of where to start, how to start, what to expect from day trading, and how to develop your strategy. Simply reading this book, then again, will not make you a profitable trader. Profit in trading does not come with reading a book or two or browsing online. It comes with practice, the right tools and software and appropriate ongoing education.

Intermediate traders may get pleasure from the book’s extensive overview of one of the vital classic strategies that the majority of retail traders frequently use with proven success. If you think you are beyond the stage of a novice trader, then you may want to jump ahead and start reading from Chapter 7 for an overview of the most important day trading strategies:

ABCD Pattern Trading
Bull Flag Momentum Trading
Top Reversal Trading
Bottom Reversal Trading
Moving Average Trend Trading
VWAP Trading
Support and Resistance Trading

For each strategy, I give an explanation for:

How to find the Stock in Play for trade
What indicators I am the use of on my charts
When I enter the trade
When I exit the trade (profit taking)
What is my stop loss

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