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.
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:
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.