In the book I describe the fundamentals of day trading explain how day trading is different from other styles of trading and investment and elaborate on important trading strategies that many traders use every day. I’ve kept the book short so you can actually 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 however 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 benefit from the book’s extensive overview of some of the classic strategies that the majority of retail traders regularly 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:Day trading is not gambling or a hobby. You must approach trading very very seriously. As such I wake up early go for a run take a shower get dressed eat breakfast and fire up my trading station before the markets open in New York. I am awake. I am alert. I am motivated when I sit down and start working on the list of stocks I will watch that day. This morning routine has tremendously helped my mental preparation for coming into the market. Whatever your routine is starting the morning in a similar fashion will pay invaluable dividends.ABCD Pattern TradingBull Flag Momentum TradingTop Reversal TradingBottom Reversal TradingMoving Average Trend TradingVWAP TradingSupport and Resistance TradingFor each strategy I explain:How to find the Stock in Play for tradeWhat indicators I am using on my chartsWhen I enter the tradeWhen I exit the trade (profit taking)What is my stop lossDay trading is not gambling. It’s not an online poker game. To be successful at day trading you need the right tools and you need to be motivated to work hard and to persevere. That’s How to Day Trade for a Living.
In How to Day Trade for a Living, Andrew Aziz brings years of expertise to the forefront. Published in 2016 by CreateSpace Independent Publishing Platform; 3rd edition (July 28, 2016), this 366 pages book is a pivotal resource in the field of Business & Money, Finance Books. Addressing critical topics such as Finance, Money Management, Online Trading, Personal Investing, Stock Market, Stocks, Stock Trading, it’s armed with comprehensive content and information. The book’s unique identifiers, ISBNs 9781535585958 and 9781535585958, make it a must-have for academic professionals and students alike.