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

Aziz, Andrew

ISBN 10: 1535585951 / ISBN 13: 9781535585958

Published by Createspace Independent Publishing Platform, 2016

Former library book; Readable copy. Pages may have considerable notes/highlighting. ~ ThriftBooks: Read More, Spend Less. Seller Inventory # G1535585951I5N10

Synopsis:

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 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 explain:

1. How to find the Stock in Play for trade


2. What indicators I am using on my charts


3. When I enter the trade


4. When I exit the trade (profit taking)


5. What is my stop loss

Day 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.

About the Author: Andrew Aziz (Ph.D., P.Eng.) is a Canadian trader and proprietary fund manager at Peak Capital Trading, Forbes Council official member, investor and #1 best-selling author. He has ranked as one of the Amazon top 100 best-selling authors in the "Business and Finance" category for over 4 consecutive years (2016-present). His books in finance and stock market trading have been published thus far in 8 different languages (English, Chinese, Portuguese, Russian, French, Spanish, Vietnamese, and Japanese).

An entrepreneur since childhood, Andrew actively invests in FinTech companies related to the development of AI for trading. When not busy watching the markets go and up down, Andrew enjoys trail running, climbing, skiing, and high-altitude mountaineering. Andrew is currently on a mission to climb the highest volcano on each of the 7 continents.

Bibliographic Details

Title: How to Day Trade for a Living: A Beginner's ...
Publisher: Createspace Independent Publishing Platform
Publication Date: 2016
Binding: Paperback
Condition: Fair
Dust Jacket Condition: No Jacket
Edition: 3rd Edition