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 trade
- What indicators I am using on my charts
- When I enter the trade
- When I exit the trade (profit taking)
- 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.
Less than one year before it hosted the 2010 Winter Olympics and Paralympics, Andrew Aziz moved to Vancouver, Canada, rolled up his sleeves, worked hard, earned a PhD in Chemical Engineering from the University of British Columbia, and went to work as a research scientist. Like so many others, as the economy faltered, Andrew heard those dreaded words, "you're no longer needed". Now what? With the same drive and determination that led to his success at university and with industry, Andrew started studying the stock market. How can someone sitting at home, in front of their computer, beat Wall Street at its own game? In How to Day Trade for a Living, Andrew shares how you too can take control over your life and have success in day trading on the stock market. You need the right tools and you need to be motivated, to work hard, and to persevere, but, if you do, you too can be a successful day trader. Andrew knows the markets, underlined, and has a special knack for methodically making what appears to be complicated to be easy to understand. This latest edition of his book sets out in easy to understand language all that you will 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 by a gifted teacher with a passion to help others take control back over their lives. And, as a purchaser of this book, you will also receive at no cost and with no obligation a membership in Andrew's community of day traders at www.vancouver-traders.com. You can monitor Andrew's screen in real time, watch Andrew trade the strategies explained in his book, and ask questions of Andrew and other traders in their private chat room.
