Nonfiction

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

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

  • Downloads：3292
  • Type：Epub+TxT+PDF+Mobi
  • Create Date：2021-04-03 12:54:02
  • Update Date：2025-09-07
  • Status：finish
  • Author：Andrew Aziz
  • ISBN：1535585951
  • Environment：PC/Android/iPhone/iPad/Kindle
  • Download

Summary

Very few careers can offer you the freedom， flexibility and income that day trading does。 As a day trader， you can live and work anywhere in the world。 You can decide 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。 Day trading is not gambling or 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。At the beginning of my trading career， a pharmaceutical company announced some positive results for one of its drugs and its stock jumped from $1 to over $55 in just two days。 Two days！ I was a beginner at the time。 I was the amateur。 I purchased 1，000 shares at $4 and sold them at over $10。 On my very first beginner trade， I made $6，000 in a matter of minutes。It was pure luck。 I honestly had no idea what I was doing。 Within a few weeks I had lost that entire $6，000 by making mistakes in other trades。 I was lucky。 My first stupid trade was my lucky one。 Other people are not so lucky。 For many， their first mistake is their last trade because in just a few minutes， in one simple trade， they lose all of the money they had worked so hard for。 With their account at zero， they walk away from day trading。As a new day trader you should never lose sight of the fact that you are competing with professional traders on Wall Street and other experienced traders around the world who are very serious， highly equipped with advanced education and tools， and most importantly， committed to making money。In How to Day Trade for a Living， I will show you how you too can take control over your life and have success in day trading on the stock market。 I love teaching。 It's my passion。 In this book， I use simple and easy to understand words to explain the strategies and concepts you need to know to launch yourself into day trading on the stock market。 This book is definitely NOT a difficult， technical， hard to understand， complicated and complex guide to the stock market。 It's concise。 It's practical。 It's written for everyone。 You can learn how to beat Wall Street at its own game。

Download

Reviews

Pepa ，

A great introduction to trading， specially to day trading！ If you are a beginner， you should read it。

Ryan ，

Overall， a solid book for getting started as a day trader。 He covers a handful of setups that work well for day trading and covers a number of "rules" as well。 For example， he suggests never risking more than 2% of your account balance on any single trade。 This has a very specific meaning that's slightly different than a surface-level reading。 Anyway， I would recommend this as a daytrading primer。 Overall， a solid book for getting started as a day trader。 He covers a handful of setups that work well for day trading and covers a number of "rules" as well。 For example， he suggests never risking more than 2% of your account balance on any single trade。 This has a very specific meaning that's slightly different than a surface-level reading。 Anyway， I would recommend this as a daytrading primer。 。。。more

Cameron ，

This book has some really good tips and tricks but also alot of knowledge I already had。 A solid book for beginners。

anirudh reddy ，

i picked this book up as i was interested in day trading and i am happy to have done it。 The book will give enough info about the pros and cons of day trading and what needs to be done next。 Moreover， you will get some tips about regular investing too if ever you want to move into that lane。

Mo'men ，

The write is very simple but must be chewed and digested。

Eb0t ，

For someone new to day trading I give the book 5 stars。This book is quite basic， but covers ALL the most pertinent points for the new day trader。I have read many books on day trading， but this book really uncovers the full requirements in order to at least stand a fighting chance of being successful。It describes critical issues regarding day trading， that your usual robinhood day trader will be totally clueless about， things like trading off a catalytic event which creates volatile stocks eg。 th For someone new to day trading I give the book 5 stars。This book is quite basic， but covers ALL the most pertinent points for the new day trader。I have read many books on day trading， but this book really uncovers the full requirements in order to at least stand a fighting chance of being successful。It describes critical issues regarding day trading， that your usual robinhood day trader will be totally clueless about， things like trading off a catalytic event which creates volatile stocks eg。 the news。having a rapid execution platform for executing your trades。the typical， cutting losses quickly， and setting proper trade targets concerning risk and reward。choosing the stocks to trade based off scanner information， and where you can get access to scanners or scanner information。some basic candlestick chart patterns used for day tradingsome key indicators eg VWAP and moving averages。getting hot keys set up to execute your trades rapidlygetting a decent brokerhe makes you aware of your position in the trading environment with respect to Bots， and institutional investorshe makes it clear to you that day traders are not fundamentalists in the slightestother really informative tools like level 2resistance and support levels and how to use them in day tradingthe importance of risk managementmastering a few simple types of trades and waiting for them will make you a profitable trader。If you have been around the internet and looked at trading strategies and mentors， you may have come across a fantastic trader named Ross Cameron。After reading this book， it will be blatantly obvious， that Ross clearly got his trading setup and system from THIS BOOK。Prior to reading this book， I would say that my trading methodology was haphazard and that i didn't really have an understanding of what day trading truly was。After reading the book， it is now blatantly clear to me that I have several types of investment and trading that are appealing to me。 eg I do like Real Day Trading， and also like to carefully pick a few stocks for long term investments。 That i am not a scalper， but that i will take a swing trade if in my search for long term investments， a stock is revealed to me which i feel is definitely in a nice trend ， from which i can capture a nice little run。It also cleared up the fact that I didnt even have a proper setup for proper successful day trading。This information has set me in good stead to become an awesome trader。Of course I still have much to learn， but this book is actually ESSENTIAL for any wanna be day trader。Seriously guys， it costs about 20 pounds or 20 dollars and its an easy read。It is not the best book for explaining candlestick patterns， trading psychology or in depth trading techniques， but as far as I am concerned， for the beginner trader it is one of the best books ever， for really getting you set up to trade， and knowing exactly how to go about doing it， to cover all the critical bases， and to give you a fighting chance。If you have any doubt whatsoever， then ask yourself these questions。Which stock scanner are you currently using to day trade？What are the benefits of Level 2？What hotkeys have you got established？What typical float are you trading？How much short interest was there on your last trade？hmmmm。。。。 thought not。this is why you have to get the bloody book。 It will really set you straight。you are currently blowing in the wind， except now you know it。 。。。more

Sara Goldstein ，

Really informative。 I’ve been looking to get into day trading for a bit and this was just the book I needed for beginner’s tips and strategies。 Excited to read about swing trading next。

Cal ，

If you're thinking about wasting money in the stock market， read this book first。 Aziz does a great job dispelling the myth that the stock market is a big casino。 It takes work， education， and planning。 If you're thinking about wasting money in the stock market， read this book first。 Aziz does a great job dispelling the myth that the stock market is a big casino。 It takes work， education， and planning。 。。。more

Harish ，

Good introducing to day trading！ Quick read！

Try Lee ，

To be a successful day trader， you need to master three essential components of trading: （1） sound psychology， （2） a series of logical trading strategies， and （3） an eff ective risk management plan。 These are like the three legs of a stool - remove one and the stool will fall。

Frank Ittermann ，

This book gave me a lot of great insights about what a day trader is doing all day long。It explains certain strategies for day trading as well give examples on how this strategy was used in past trades。This book needs certain experience and knowledge on how the stock market works in general。Its not beginner friendly。

Nicos Miltiadous ，

Before this book I was a deer in trading head lights， now I feel I have a stable footing to work from！ Honestly easier to read and understand than most fiction books。

lira ，

An exhilarating read and an interesting entry point into the sociology of day trading。

Jose ，

Como Vivir del Day Trading: Una Guía para Principiantes que cubre las Herramientas Muy buen libro， con información valiosa， misma que se presenta de forma congruente， amena y con un buen número de historias asociadas al tema， lo cual hace aún más interesante - entendible el texto expuesto; de alta utilidad los enlaces que se presentan de diversos portales en internet; las indicaciones， experiencias y recomendaciones del autor， nos permiten de una forma interactuar virtualmente con el e invitan a Como Vivir del Day Trading: Una Guía para Principiantes que cubre las Herramientas Muy buen libro， con información valiosa， misma que se presenta de forma congruente， amena y con un buen número de historias asociadas al tema， lo cual hace aún más interesante - entendible el texto expuesto; de alta utilidad los enlaces que se presentan de diversos portales en internet; las indicaciones， experiencias y recomendaciones del autor， nos permiten de una forma interactuar virtualmente con el e invitan a la reflexión， acción y toma decisiones; genial el glosario y de área de oportunidad indagar， los costos asociados por el uso de scanner para apoyar la gestión diaria 。。。more

Stephen ，

Very great intro to day trading！

Maciej Walinski ，

An excellently written introduction and primer to day trading。Andrew does one thing better than almost any instructional/how-to book I have ever read - he tells it completly straight。 No sugar-coating， but no overtly complex explanations either。 This is an accessible book， written by someone who clearly takes great pride in their profession， and has a strong ability to communicate in straightforward terms。As a starting point， it would be hard to do better than this as a starting point。

Ryan Castle ，

I picked this up on a whim as I started dabbling in the market for fun。 Aziz does a great job of providing you with a baseline understanding of the market and basic tools you need to trade， as well as teaching you very sound and practical strategies。 This should be required reading for anyone before they open up a brokerage account。

Adam B ，

Interesting introduction but for beginners。 Would recommend supplementing with more technical in-depth books to fully grasp some of the trading principles。

Sherwin Condez ，

I learned a lot from this book regarding trading though， I must say that this might not be the suitable approach for me for trading but some of the stuff inside the books are actually good points for doing other types of trade。

Emmanuel ，

Useful book to get into trading， you get the basics。。。

Mattia ，

Great book for beginners。 Well structured with clear examples。 The author tends to repeat key concepts to remark their importance and refresh the reader's memory during the reading。 Great recap of the author's rules at the end of the book together with a very useful glossary。 Great book for beginners。 Well structured with clear examples。 The author tends to repeat key concepts to remark their importance and refresh the reader's memory during the reading。 Great recap of the author's rules at the end of the book together with a very useful glossary。 。。。more

Ahmed Bukhammas ，

This book really improved my trading skills and gave me wider knowledge of day trading。 It's a must read for anyone who's into day trading。 This book really improved my trading skills and gave me wider knowledge of day trading。 It's a must read for anyone who's into day trading。 。。。more

Masoud Etezadinejad ，

This book mainly tries to promote the community that the writer created， nothing is there to learn， fo real！ Unless you arrange absolute beginner。

Rhonda ，

This book is user friendly， written in layman terms and contains solid， useful information on day trading。

Aziz Aladib ，

Dear future Day traders，This book is more like a self-help book rather than learning how to day trade。 However， I think the book is informative for beginners and easy to follow。 I liked the lifestyle of the author and his way of thinking， yet there’s so much to read and practice before achieving the goal of this book。To conclude， this book helped me with style of thinking which is a very important topic in trading， but it left me more confused about what I would do on the trading platform next t Dear future Day traders，This book is more like a self-help book rather than learning how to day trade。 However， I think the book is informative for beginners and easy to follow。 I liked the lifestyle of the author and his way of thinking， yet there’s so much to read and practice before achieving the goal of this book。To conclude， this book helped me with style of thinking which is a very important topic in trading， but it left me more confused about what I would do on the trading platform next time。 。。。more

Steven Brooks ，

Just finished reading this and can't complain whatsoever。 Aziz explains the fundamentals of day trading in a clear， comprehendible manner and with efficiency。 Some of the middle chapters were full of numbers， charts and overwhelming terminologies， however， there is a perfectly adequate glossary at the back of the book。 I believe that with a second read and some application of the knowledge， one will find themselves in possession of a well-rounded， preliminary education of the trader's sphere。 Re Just finished reading this and can't complain whatsoever。 Aziz explains the fundamentals of day trading in a clear， comprehendible manner and with efficiency。 Some of the middle chapters were full of numbers， charts and overwhelming terminologies， however， there is a perfectly adequate glossary at the back of the book。 I believe that with a second read and some application of the knowledge， one will find themselves in possession of a well-rounded， preliminary education of the trader's sphere。 Recommended！ 。。。more

Josh Gatewood ，

Solid fundamentals explained and also some nice strategies that have helped me learn how to trade。Recommend this book especially if you are a rookie like me。

Vasileios Filippidis ，

Honest and insightful。 Great place to start

Zohra Fathima ，

This book was available on kindle for a very small amount of money yet it is a book worth of paying much more especially if you are new to trading and want to learn more in order to get a basic idea of things。 Being a book hoarder， I bought this book when it was on sale on kindle for 1。99$。 The benefit to owning a kindle copy is that you can highlight sections and view just those highlights or share and reread your notes and highlights along the way when you need a little refresher。This book was This book was available on kindle for a very small amount of money yet it is a book worth of paying much more especially if you are new to trading and want to learn more in order to get a basic idea of things。 Being a book hoarder， I bought this book when it was on sale on kindle for 1。99$。 The benefit to owning a kindle copy is that you can highlight sections and view just those highlights or share and reread your notes and highlights along the way when you need a little refresher。This book was written with the idea that if a reader is already familiar with the basics， they can skip to the more pressing parts of the book。 The first few chapters are just that。 Chapter 6 onwards， he brings out the trading strategies and indicators that he uses to make a move。 He stresses that mindset is a very important thing， and so is discipline and sticking to the plan。 The author clearly distinguishes between investing and trading。 Several people enter the stock market （ie the stock market is a prime example） without being clear on what it is they are trying to do apart from growing their money。He asks if we want to day trade （ie enter our positions during the first few hours of the market opening and close our positions in the stock market before the market closes？） in which case you’re a legit day trader。。。 or hold onto the position for a longer period of time， ie overnight or more， in which case you’re swing trading。 In either category， you’re still not INVESTING but trading。 Trading is laborious， and a much more difficult task。 He mentions clearly that there is a difference in strategy for each。 You’ll need more time and education if you’re going to be a trader。 He explains the key difference between trading and investing。 He cautions us not go into a trade with the idea of making money and balk we they get wrecked。 It’s a competitive world out there。 He talks about how retail traders can profit being around other retail traders， he says do not trade stocks dominated by HFT or institutions。 He especially points out that sharing knowledge and strategy with other retail traders simply makes those strategies stronger and we will not only be doing ourselves a favor but others in the market too。 He says programmers that have written software to carry out HFT for institutional players do not have any knowledge of trading strategies yet there are patterns， indicators and strategies that one can use to beat even the institutional traders。 It takes great learning， practice and experience。 The authors view is very positive， success is something that can be honed。 He describes the necessary tools one needs to be able to do this。 You’ll need Stocktwits， a free trading view account at the very least， and a community of traders in order to profit from trading。 This book will make more sense and seem less wordy if you are going to put what he says into practice， yet we will make mistakes along the way。 It’s a skilled hand that can apply all of what he says to their trades and it takes years of experience。 He says serious study is required before you trade with large sums of money else， all you are doing is gambling。。 and if you make a few wins， you are simply getting lucky。I’m going to be reading this book cover to cover， and will especially pay more attention to the parts that describe indicators and chart patterns and when they are to be used。 He talks about good money management， and the importance of sticking to a plan， to have defined entry and exit points before getting into a trade ie to have a plan of action that you tell yourself to stick to。 He says that he’s not promising 100% success but success can be primed to occur most of the time and we must come to accept our losses for what they are and move on。 He distinguishes between day trading and swing trading as well。 I consider myself a swing trader， sometimes I day trade but not often or always。 I have been guilty of holding a position too long in hopes that the price action will bounce back。 He discusses such thinking and relates in easy to understand terms that realizing a small loss is better than a bigger loss which may take longer to recover from。All of this sounds true， and I found myself silently agreeing as I skimmed through these first few chapters。 I’ll updated my review as I get to the meat and bones of the book， which is the aspects on technicals。 。。。more

Reference

google book https://www.google.com/search?tbm=bks&q=How to Day Trade for a Living: A Beginner's Guide to Trading Tools and Tactics, Money Management, Discipline and Trading Psychology

hathitrust digital library https://babel.hathitrust.org/cgi/ls?q1=How to Day Trade for a Living: A Beginner's Guide to Trading Tools and Tactics, Money Management, Discipline and Trading Psychology&field1=ocr&a=srchls&ft=ft&lmt=ft

The British Library https://bll01.primo.exlibrisgroup.com/discovery/search?query=any,contains,How to Day Trade for a Living: A Beginner's Guide to Trading Tools and Tactics, Money Management, Discipline and Trading Psychology&tab=LibraryCatalog&search_scope=Not_BL_Suppress&vid=44BL_INST:BLL01&lang=en&offset=0