How to Day Trade for a Living: A Beginner’s Guide to Trading Tools and Tactics, Money Management, Discipline and Trading Psychology 3rd Edition
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"Andrew represents everything you would want out of a leader. He has given so much to many people by creating Bear Bull Traders. Thanks to this initiative thousands have become empowered, which otherwise would have been much harder, and this has generated a win-win situation for thousands of day traders. This is in essence one, if not, the most important quality in a leader, to be able to find opportunities to generate value for everyone involved."
"I highly recommend Andrew Aziz, Andrew's book (How to Day Trade for a Living) and the Bear Bull Traders online trading community (which Andrew founded and leads) for anyone interested in day trading. Andrew gives lie to the old George Bernard Shaw maxim, "He who can does; he who cannot, teaches" as Andrew certainly can, definitely does, and is also a very effective teacher who sincerely wishes to contribute to the success of others, not only through education per se but also via his curation of a community of traders whose synergies work to the benefit of all. The foregoing is effected with aplomb, charisma, the occasional dash of humor and augmented by a top-notch team of moderators in the Bear Bull Traders chat room, all of whom have their own individual trading styles and who are excellent traders and teachers in their own right. Really good, really helpful, stuff here."
Macro Economist, Market Strategist, Analyst, Equity and Bond Trader
Technology Leader at AT&T
"Andrew's book is the best starting point to learn about trading stocks. After two years of knowing Andrew, Bear Bull Traders and his book, I highly recommend them."
From the Author
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.
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.
Rolling out of bed and throwing water on your face 15 minutes before the opening bell just does not give you sufficient time to be prepared for the market's opening. Sitting at your computer in your pajamas or underwear does not put you in the right mindset to attack the market. I know. I've experienced all of these scenarios.
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.
I invite you to join me in the world of day trading. I'm a real person who you can connect with. I'm not just a photograph here on the Amazon site. I love what I do. You can follow my blog post under Author Updates on my Author page on Amazon. It's honest. You'll see I lose some days. You can read the reviews of my book. I know you will learn much about day trading and the stock market from studying my book. You can join at no cost and with no obligation my community of day traders at vancouver-traders.com. You can ask us questions. Practical, hands-on knowledge. That's How to Day Trade for a Living.
- Item Weight : 11.2 ounces
- Paperback : 382 pages
- ISBN-10 : 9781535585958
- ISBN-13 : 978-1535585958
- Product Dimensions : 6 x 0.87 x 9 inches
- Publisher : CreateSpace Independent Publishing Platform; 3rd Edition (July 28, 2016)
- Language: : English
- ASIN : 1535585951
- Best Sellers Rank: #685 in Books (See Top 100 in Books)
- Customer Reviews:
Top reviews from the United States
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I will recommend this book to people who ask me how to begin day trading.
This is the most well-rounded guide to investing in stocks that I've read thus far, and I feel that warrants a review. My personal recommendation to beginners is to sign up with TD Ameritrade, and download their Thinkorswim platform. It's the coolest (or, a more helpful description, "robust") free tool I've come across. I signed up with TD Ameritrade, and had an empty account of $0.00 for 6 months, while I played around with the TOS platform. I think it's got all the tools every beginner needs to learn whether or not they'd be cut out for trading, and if you use the "Paper Money / Simulated Trading" function, it's literally risk free (you get $200,000 virtual bucks, and can trade against the live real-time market, to see how you perform). My personal opinion is that this book contains better and more concise information than college textbooks I've read, priced at $150.00.
To the author, the first recommendation that comes to mind: I would like to hear your thoughts on Stop Loss / Stop Limit orders and their visibility to the "market makers". I've heard some stock gurus describe that as showing your hand in a poker game. I can see how these orders can be critical to cutting losses and managing risk, but can that place you at a disadvantage, especially with the increasing prevalence of HFTs (High Frequency Trading algorithm machines - also described in this book)? With Artificial Intelligence being the trendy thing in the Tech space, I imagine that HFTs are going to continue to be more widely used, and they can react infinitely faster than a human (in other words, the machine will process your visible Stop Limit order instantaneously).
Excellent book, thanks for sharing your experiences and wisdom 😄
Top reviews from other countries
I’m at the very beginning of learning about Day Trading and the stock markets, I haven’t even paper traded yet, but this book has filled me with ideas, potential strategies, a firm understanding and confidence in how to go about getting started. Can’t recommend this book highly enough
I am a commodity trader at a hedgefund and found no new ideas or strategies.
Trading on a 1 minute chart, or holding positions for 30 seconds doesn’t work for me. I would rather This had been ways to set up an entry, and exit point strategy rather than mostly a book on scalping techniques.