How to Day Trade for a Living: Tools, Tactics, Money Management, Discipline and Trading Psychology

How to Day Trade for a Living: Tools, Tactics, Money Management, Discipline and Trading Psychology

How to Day Trade for a Living: Tools, Tactics, Money Management, Discipline and Trading Psychology

==================================================================
Learn 9 Important Day Trading Strategies
Join Andrew's Trading Community at Vancouver-Traders.com
==================================================================

Very few careers can offer you the freedom, flexibility and income that day trading does. As a day trader, you can live and work anywhere in the world. You can decide when to work and when not to work. You only answer to yourself. That is the life of the successful day trader. Many people aspire to it, but very few succeed.

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.

  1. ABCD Pattern Trading
  2. Bull Flag Momentum Trading
  3. Top Reversal Trading
  4. Bottom Reversal Trading
  5. Moving Average Trend Trading
  6. VWAP Trading
  7. Support and Resistance Trading
  8. Red-to-Green Strategy
  9. Opening Range Breakouts

For each strategy, I explain:

  1. How to find the Stock in Play for trade
  2. What indicators I am using on my charts
  3. When I enter the trade
  4. When I exit the trade (profit taking)
  5. 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.

I invite you to join me in the world of day trading. I'm a real person who you can connect with. I love what I do. You can follow my blog post under Author Updates on my Author page on Amazon. 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.

Price:

Share

Comment

:?: :razz: :sad: :evil: :!: :smile: :oops: :grin: :eek: :shock: :???: :cool: :lol: :mad: :twisted: :roll: :wink: :idea: :arrow: :neutral: :cry: :mrgreen:

Current comment:3   Visitor  3   Blogger  0

  1. kem60 1
    46 of 47 people found the following review helpful
    5.0 out of 5 stars
    Solid information for traders, November 28, 2016
    By 
    kem60 (Texas) –

    Verified Purchase(What’s this?)
    I’m a very experienced day trader of over 20 years. With the coming of HFT and other changes, it has been necessary to adjust my methodology. Scanning for stocks in play and trading unknown stocks is an approach I have resisted for my entire career but I think I have to go there now. I won’t do it without a solid method/plan and a hard set of rules. I’m not too proud to look at a “beginner” book to figure out how to do this. This book is exceptional. It gave me what I wanted and I will build on the information using what I already know. The author is an engineer and being of a methodical/mechanical mindset myself, I was happy with the way he laid it all out. There is also good information on other topics for real beginners such as the importance of risk management, emotional control which are important.

    I will recommend this book to people who ask me how to begin day trading.

    Help other customers find the most helpful reviews 

    Was this review helpful to you? Yes
    No

  2. Benjamin Anderson 0
    14 of 15 people found the following review helpful
    5.0 out of 5 stars
    Rules to Live By!, March 5, 2017
    Verified Purchase(What’s this?)
    This book accomplishes what the Andrew intended: concise and fairly digestible to the lay person. I dabbled in Day Trading & Swing Trading in 2008 while the market was volatile but I never had a strategy, discipline or the right technological set-ups to create great trading set-ups – I did come out on top based on what other traders were doing in a chatroom I subscribed to but it wasn’t worth all the effort. I read the entire book from cover to cover last night. My funds clear tomorrow in my account and I can finally start trading for real instead of using a simulator. Last night I thought I had my game planned with a laptop and trading account. As of right now, I have 2 computers with dual monitors on each, multiple browsers, subscriptions to multiple sites with screening tools outside of those provided with my trading account, widgets, plugins for my browsers and the list goes on and on. Just knowing how to create custom screening tools – which he outlines – with candlestick charts, entry and exit points, and Bollinger Bands is invaluable. I ripped his “Rules of Day Trading” page out of the back of the book and posted it between my monitors and I intend to follow them to the T. Highly recommended read. I’m going to join his chat room right now and see what’s happening there tomorrow. Luckily for me, I don’t have $25K in my account, so I’m going to be very picky about my trades since I will be subject to the pattern rule. Be picky. Another thing he emphasizes. This book does not read like a textbook. It reads like a conversation you have with your professor after class when you are seriously interested in knowing more about something he turned you onto.
    Help other customers find the most helpful reviews 

    Was this review helpful to you? Yes
    No

  3. Angelo Gravi 1
    32 of 35 people found the following review helpful
    5.0 out of 5 stars
    To the point, clear, motivational!, August 23, 2015
    By 

    Verified Purchase(What’s this?)
    This review is from: How to Day Trade for a Living: Tools, Tactics, Money Management, Discipline and Trading Psychology (Kindle Edition)
    The reason I got this book was a recent conversation with Juan, a real trader. He convinced me that someone who puts some serious effort to understand how the markets work can make good money on the Stock market. It was really exciting to listen to his stories. Hence, I decided to do some introductory reading and get my hands dirty with the basics of stocks trading.

    I literally read the book on one go. It is well-written and describes everything in a simple, straightforward manner for an absolute beginner like me. It feels really good to be able to connect the dots and start getting to grips with all these technical terms. The book will try to match your personality to a trader profile and help you choose a trading strategy. For example, I am not the type of person who wants to sit in front of a computer screen all day and night. Instead, I am planning to look more at the fundamentals and the general course of the economy. At the end of the day, as the book says, you can’t go wrong if you invest in the Stock Market having long-term expectations. Another famous Yale professor, Robert Shiller, says “stocks for the long run”. Patience is necessary in this game.

    Also, I really enjoyed going through the example-charts that explain the basics of the different market trends and technical analysis. I heard the terms “bullish” and “bearish” before in my life, but now it all makes sense to me! I am planning to put all the advice in practice straight away! I recommend this book to anyone who wants a step-by-step introduction to a very technical subject. Five stars for the clarity and organisation! Need to do some research now on the different trading platforms! Can’t wait to do my first trade!

    Help other customers find the most helpful reviews 

    Was this review helpful to you? Yes
    No