This well-thought-out training regimen begins with an in-depth look at the necessary tools of the trade, including your scanner, software, and platform, and then moves to practical advice on subjects such as how to find the right stocks to trade, how to define support and resistance levels, and how to best manage your trades in the stress of the moment. An extensive review of proven trading strategies follows, all amply illustrated with real examples from recent trades.

Risk management is addressed, including tips on how to determine proper entry, profit targets, and stop losses. Lastly, to bring it all together, there’s a “behind the scenes” look at the author’s thought process as he walks you through a number of trades.

While aimed at the listener with some exposure to day trading, the novice trader will also find plenty of useful information, easily explained, within the audiobook.

In this audiobook, you'll learn:

How to start day trading as a business
How to day trade stocks, not gamble on them
How to choose a direct-access broker, and required tools and platforms
How to plan important day-trading strategies
How to execute each trading strategy in detail: entry, exit, stop loss
How to manage the trading plan

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Advanced Techniques in Day Trading: A Practical Guide to High Probability Strategies and Methods

Andrew Aziz (Author), Chris Abell (Narrator), Andrew Aziz and AMS Publishing Group (Publisher)

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Page 1 of 1Start OverPage 1 of 1

Listening Length	6 hours and 54 minutes
Author	Andrew Aziz
Narrator	Chris Abell
Whispersync for Voice	Ready
Audible.com Release Date	July 23, 2018
Publisher	Andrew Aziz and AMS Publishing Group
Program Type	Audiobook
Version	Unabridged
Language	English
ASIN	B07FPWTSC2
Best Sellers Rank	#6,458 in Audible Books & Originals (See Top 100 in Audible Books & Originals) #15 in Investing Analysis & Strategy #60 in Investment Analysis & Strategy

Customer reviews

5 star		78%
4 star		10%
3 star		7%
2 star		2%
1 star		2%

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Top reviews from the United States

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Joshua

Good Information but Be Careful

Reviewed in the United States on August 30, 2018

Verified Purchase

I think Andrew Aziz has some great information in this book but I'm a bit disappointed. Some of the reviewers on here are clearly fake. Even with verified purchases, if you look on the profiles of these accounts, many have 1 or 2 reviews. Seems a bit suspicious, especially considering some reviewers stating they've read dozens of books and this one is the best? I mean, it's a good book full of trading strategies and proper risk management but of all the books out there (there are a few good ones) and this is the only book you've reviewed. Even though I'm getting great use out of the book, the fact that there are fake reviews of this product leaves a bad taste in my mouth. I mean, if you read some of the reviews you can see they are artificial, sponsored, and borderline fake advertisements. Also, there are other day trading books out there that are just as useful and well-researched. For that reason I can not give this book a better rating.

The most useful takeaway from this book is proper risk management, and I do appreciate Aziz focuses on this. Trade the plan and plan the trade. Traders fail because they break their own rules. That is the most important takeaway from this book for sure.

154 people found this helpful

Helpful

Kyle K.

Like the prior title, this book serves up a good foundation for aspiring Day Traders.

Reviewed in the United States on July 5, 2018

Verified Purchase

Preface: This review is not just about the book, but it's also about the author, his work, BearBullTraders, and your journey to becoming a daytrader. If you don't want to read all that, you can skip to the TLDR.

I've also read Aziz's prior book, so I picked this one up on release as I found that book to be an easy read. It covers a lot of what the prior book did, but adds on to the knowledge base with more strategies (low-float based, etc). If you're familiar with the prior book or have some experience in markets, you may be able to just jump straight to this one. If you are not confident in your foundation, reading both would be good as this one can serve as reinforcement + expansion. Yes, there's a lot of overlap, but I believe it's by design since some may choose to skip just to this book.

In daytrading and in most things, this is not easy work. The first thing I remember standing out about Andrew's first book was his brutal honesty in telling you that the vast majority of retail traders will fail. That stuck with me as it's a very negative note to start a book off with (marketing101 says you stay away from the negative), like a "hey, congrats on thinking you can do this, but you can't". That may turn off a lot of readers, but it's that brutal honesty that made me stick to his book more than others. He wasn't trying to sell me something right off the start, he didn't try and say "hey, you can make $2000 a day just by sitting at home!" like many con-artists try to push.

When trying to learn about anything that can be a self-run business or job, you have to be very careful about the charlatan. I grew up with a parent that seemingly always got sucked into the "free seminar." After seeing a few, I understood what they were selling - not knowledge or education, but hope. Their free marketing seminar was really just a loss-leader to get people into the door so they could sell them on hopes and dreams, then push them to hand over a couple thousand dollars. It's like a time-share for information. They're experts in social psychology and know how to sell you on your desire to have financial freedom, when in actuality they're just freeing your wallet of extra cash. This is especially true in the DayTrading education market as there seems to be a lot of con-men in it. I've watched "seminars" of people who spend 20minutes trying to convince you it's a live seminar and not recorded (it was totally pre-recorded), pitching "new ideas" that are just recycled common strategies with a new name.. I've read about others who seemingly never lose a trade (it's not possible), and I've witnessed what seems like organized pump and dump schemes, where the guy sharing the screen uses his slight video delay and large following to seemingly "pump" a stock. -- Side note, if you want a great read on the social psychology of sales tactics, I highly recommend Influence by Robert B. Cialdini, you'll start to see sales interactions in a different light.

So when I started to actually look into Andrew's other work, like his courses, and his chatroom, I was intrigued. I did a trial version of the chat and observed him. One thing that stuck out more than other "gurus" in this area is that he seemingly wants to educate people. It's not so much a business where profit is the number one driving factor as much as it's a passion to share. That struck home with me as I'm of the same mindset, I get more pleasure from helping others than I do making money. I like to help people be their best for the sake of helping someone. It was a refreshing change from what I've seen in the day trading space. The chatroom is fun because it's more of a community where you can have discussion, ask questions, and joke a little - this is in contrast to some other chatrooms which are strictly "stock callouts" only. If you have a bad trade or a bad day, others jump in to talk you through it. You learn together.

I've seen a few reviews that don't like the fact his other services (chatroom, courses) are mentioned in the book. By all means, you should shop around! If someone is selling you a product within a product, be skeptical. I did my research and was satisfied with what I found, I felt my lifetime membership provided enough value to justify the cost. If you stay with this profession and want to actually learn, you have to put in the hard work. Most won't be able to read just a book and be proficient in it, you do have to practice, and you do have to ask questions and get answers. Wherever you end up in your journey, if you stick with it, you can find success.

TLDR Review:
- The book is an easy read and provides good value (tremendous value if you bought the Kindle version for under $10). It hits all the common points that you'll find in day trading education books, so if his writing style suites you, this will work.
- If you're curious about day trading, this will be a good book for you as it doesn't sell you on "make thousands a day, it's easy!", it's honest in what you can expect.
- If you've read the prior book, expect a lot of overlap, but there's enough new stuff to justify it being a new title and not just a new edition to the old.
- There's no master strategy or knowledge that can be obtained from books. You're not going to become a master day trader overnight through information osmosis, you have to be willing to put in the hard work as well.

Good luck.

129 people found this helpful

Helpful

cherrm

Excellent and explicit examples, strategies, and psychology lessons. Read this or LOSE.

Reviewed in the United States on February 6, 2020

Verified Purchase

Three months ago, I resigned from my 6-figure career as a research scientist at a fortune 500 company to pursue day trading. I was weary of the constant travel, the politics, and the lack of leadership. Let me also mention that I had already amassed a comfortable nest egg (and could afford to lose 50k+ in a trading account without hardship) and my wife is currently employed as a professional who makes 6-figures, so we can allow time for me to paper trade in a simulator indefinitely, until I become consistently profitable or decide to do something different. Not to rain on your parade, but if you can’t afford do this, don’t quit your day job. Trading is hard enough, and worrying about paying bills would make it impossible.

For the past several years, I dabbled in trading and found it really interesting and moderately profitable (mostly swing trading), but I knew that to replace my income by trading, I needed to become a more active trader who constantly monitored price action each day.

This is by far the best book I’ve read on day trading. Aziz doesn’t pull any punches and lets the reader know that successful trading is going to take time and a lot of hard work. He also provides fantastic charts from his past trades—the setups, rationale, strategy, and psychology behind successful trading. More importantly, Aziz alerts you on what NOT to do! I’ve put these ‘bad practices’ to the test in my paper trading account, and almost every time I blow up my fake account in a few days.
Aziz also shows his end of the day P&L which allows you to back-calculate the kind of buying power you will need to achieve similar results (usually income of $1-1.5k per day, at least on his good days that were published). This kind of comprehensive insight is not available in any other text I’ve read, and I find myself returning to this book often. I’ve read many books on technical analysis, technical indicators, swing trading, and I’ve also read Aziz’ previous book, which is where you should start if you’re brand new to day trading.

The bottom line is that Amazon is full of day trading books, and you should be leery of any book published under Amazon’s Createspace publishing, especially if they have over 4.5 stars and are full of bogus reviews that were all written within 2 weeks of publication despite the book being 3 years old. These books are almost entirely written by unsuccessful traders who get a few bucks for every copy they sell, after having lost their entire fortune to the market, then glean repeat income from their book sales-- books which provide little more than a glossary of terms.

I recently became a member of Bull Bear Traders and find their chatroom insightful and unintimidating, yet the members have the mentality of professional traders and keep me tuned in from pre-market to close. I always learn something new. Definitely not a bunch of warrior traders looking to get rich on a $500 account trading penny stocks.
I have not been contacted by Aziz or Bear Bull Traders and am receiving no compensations for this review. I respect Aziz’ credentials, the community he has built, and his commitment to teaching. If you are looking for the best book on day trading, spend the nominal fee and get this book. It might give you the clarity and confidence to step boldly into a new trading career.

I’ll update this review at the end of the year.

22 people found this helpful

Helpful

Top reviews from other countries

Nick

Well written, easy read, good glossary.

Reviewed in the United Kingdom on May 21, 2019

Verified Purchase

I have bought both of Andrews Aziz books: "How to Day Trade for a Living" and "Advanced Techniques in Day Trading". I find the authors style of writing extremely easy to follow and very informative for what is a very dry subject for me. I managed to finish both books within a few days of receiving each and both left me wanting to delve deeper into the subject. They are fairly meaty books, particularly the second with very well written glossaries at the end. Andrew provides links to his website and a .pdf file which has all the figures and graphs reproduced in colour which can be blown up, significantly enhancing their readability. He also produces some detailed YouTube videos which further explain the subject. I'm not certain you need to read the first book if you intend to buy the second, but if you are undecided, the first book is an easier read and the subject is so deep that it is probably beneficial to go over the basics twice. I have one suggestion that in my opinion would improve these books - Andrew provides lots of examples of trades he took with good results and while helpful, I would have liked to have seen a lot more losing examples as I think you learn more from them, if you can identify the cause and/or mistakes made.

3 people found this helpful

VASANTH

Great book

Reviewed in India on September 5, 2018

Verified Purchase

Finally I got a perfect perfect 100% perfect book on day trading.After reading the entire book I am writing this review. No need of purchasing the beginner's book you can jump start from this book itself.explained everything in detail.

I read many books but all those book's stratagies were helpful for swing and positional trading. Strategies explained in this book perfectly suit for day trading . If you want to be a day trader without second thought purchase it

23 people found this helpful

Mr S S Bhogal

Clear, concise, genuine and objective insight into day trading.

Reviewed in the United Kingdom on February 4, 2019

Verified Purchase

A compact source of knowledge has been provided in a clear, concise and genuine way. One of the biggest positives I can say about Andrew's approach in both of his books is the genuineness with which it has been written. It is like an objective view of day trading, which is what I would imagine any reader would want to know. Anything anecdotal is omitted, and this would make sense for a reader looking to understand a particular concept like day trading. For example it simply wouldn't make sense for a reader to read about the level of difficulty the author may experience to day trade as this is purely subjective to the individual. Various marketing schemes talk about how 'easy' money can be made, which can skew the consumers mindset. What would be more important is to provide an objective view, and the author has done a fantastic job at this. The book provides a solid foundation in itself for a beginner to get started, but this would only be the beginning of the journey. Subsequent re-reading of the book would certainly benefit as the novice gains practical trading experience, but to have the available content compiled into one book certainly assists the steep learning curve and expedites the process. Also, the various chapters give the reader all the key areas that require learning so subsequent research can be tailored to those areas, it is simply up to the reader whether they wish to take action.

One person found this helpful

If you enjoyed the first book, read this too.

Reviewed in the United Kingdom on July 29, 2020

Verified Purchase

Clearly explained with lots of examples to study. Strategies are discussed at length; when to trade them and how they can be spotted take up a good chunk of the book.
Andrew doesn’t preach, we are reminded that what works for one person, might not work for another. There is no get rich quick solution. Only hard work, commitment, study and discipline.

This book revised a lot of the material in his first book but it also builds on that to take the subject further...... if you enjoyed the first book, expect more detail, more examples and new strategies. Well worth the money and time spent on it. I will come back to it again and again.

Simon Mcr

The Ph.D is in another subject altogether - The information for sale here is freely available on youtube

Reviewed in the United Kingdom on June 16, 2018

Verified Purchase

I give 3 stars because I like the guy I've seen him trading on youtube otherwise it would be 2. Firstly the pictures in this book are too small and blurry to read there is a link to an 'audio download' page for the pictures so you have to leave and go to your browser to work out what he's talking about but alas that link does not show the pictures for this book at the time of writing this review. Secondly, the information is basic I mean if your looking for little nuggets you could use there are none, although there are promises of them if you sign up to his course/chatroom. Thirdly, there are no advanced trading techniques - the information for sale is freely available on youtube.

One person found this helpful

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