Price: $45.52
This book provides a comprehensive introduction to the essentials of day trading, distinguishing its unique approach from other trading and investment styles. It delves into the crucial trading strategies that seasoned traders rely on daily. The book is intentionally concise to maintain your interest and ensure completion without losing focus.
For novice traders, this book serves as a practical guide, providing insights on where to begin, the process to follow, what to anticipate from day trading, and how to cultivate your strategy. However, simply reading this book won’t transform you into a profitable trader. Attaining profitability in trading requires practice, access to the right tools and software, and a commitment to continuous learning.
Intermediate traders can benefit from the book’s comprehensive review of classic strategies that the majority of retail traders successfully employ. If you consider yourself an advanced beginner, you might want to start with Chapter 7, which provides an overview of the most crucial day trading strategies.
Day trading demands serious commitment—it’s neither a gamble nor a casual pastime. I start my day early with a run, a shower, a hearty breakfast, and then set up my trading station before the New York markets open. This routine primes my mental state for entering the market each day. Similarly, establishing a morning routine will yield significant benefits for your trading performance.
The book details various strategies, including:
– 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 provide guidance on:
– Identifying the Stock in Play for trading
– The indicators I use on my charts
– The right time to enter a trade
– When to exit a trade and take profit
– Setting a stop loss
Day trading is not akin to gambling or playing online poker. Success in day trading requires the right tools, motivation, hard work, and perseverance. This is the essence of “