How to Day Trade for a Living: A Beginner’s Guide to Trading Tools and Tactics, Money Management, Discipline and Trading Psychology download free pdf ebook
In the book, I outline the principles of day trading, explain how it differs from other types of trading and investing, and discuss key trading tactics that many traders employ on a daily basis. I kept the book brief so that you may complete it without becoming bored in the middle.
This book will teach you where to begin, how to begin, what to anticipate from day trading, and how to construct your strategy for new traders. However, simply reading this book will not turn you become a successful trader. Trading success does not come from reading a few books or surfing the web. Practice, the correct tools and software, and adequate continued education are all necessary.
The book's detailed treatment of some of the basic tactics that the bulk of retail traders utilise with proven performance may assist intermediate traders. If you believe you have progressed above the level of a novice trader, skip on to Chapter 7 for a review of the most essential day trading strategies:
Day trading is not a game or a pastime. You need to take trading extremely seriously. As a result, I get up early, go for a run, shower, dress, have breakfast, and turn on my trading station before the New York markets open. I have awoken. I'm on high alert. When I sit down and start working on the list of stocks I'll be watching that day, I'm inspired. This morning ritual has aided my mental preparation for entering the market immensely. Starting your day in the same way, no matter what your habit is, will pay off handsomely.
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 a game of chance. It's not a game of online poker. To be effective in day trading, you'll need the correct tools as well as the motivation, hard work, and perseverance to succeed. That's How to Make a Living Day Trading.
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