How to Day Trade for a Living: A Beginner’s Guide to Trading Tools and Tactics, Money Management, Discipline and Trading Psychology
How to Day Trade for a Living: A Beginner’s Guide to Trading Tools and Tactics, Money Management, Discipline and Trading Psychology book cover

How to Day Trade for a Living: A Beginner’s Guide to Trading Tools and Tactics, Money Management, Discipline and Trading Psychology

Hardcover – January 31, 2021

Price
$27.55
Format
Hardcover
Pages
382
Publisher
Independently published
Publication Date
ISBN-13
979-8702452043
Dimensions
6 x 1.05 x 9 inches
Weight
1.59 pounds

Description

⭐ ⭐ ⭐ ⭐ ⭐ Best Day Trading Book for the Beginners 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. David Rayome Professor of Finance, Northern Michigan University ⭐ ⭐ ⭐ ⭐ ⭐ A Classic on Day Trading 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. Daniel Ellenbogen The Economist ⭐ ⭐ ⭐ ⭐ ⭐ Mostxa0Comprehensive Book on Active Trading 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. Steven East Macro Economist, Market Strategist, Analyst, Equity and Bond Trader 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.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.

Features & Highlights

  • 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.

Customer Reviews

Rating Breakdown

★★★★★
60%
(10K)
★★★★
25%
(4.2K)
★★★
15%
(2.5K)
★★
7%
(1.2K)
-7%
(-1164)

Most Helpful Reviews

✓ Verified Purchase

Awesome Trading Book for Beginner

Per my view, this book is the best trading book a beginner should have. I learned a lot of this book; money management, Discipline, Trading Psychology and trading tactics. As a beginner trader, that’s the best investment I’ve made in my trading journey. You did a great job Andrew. Thank you your contribution in my learning process to become a professional trader.
3 people found this helpful
✓ Verified Purchase

Same exact book as the 2020 version. NOT Revised!!!

I have the 2020 version and the 2022 revised version and they’re exactly the same book word to word!!! Not a single word difference. I don’t understand how they can add the writing as “Revised version” on the book and sell the same crap again.
FALSE ADVERTISING
2 people found this helpful
✓ Verified Purchase

Bueno para aprender

Muy bien explicado
1 people found this helpful
✓ Verified Purchase

You could lose a lot of money

I’ve been trying for 5years. I would never teach day trading, recommend it to anyone I know, or write a book about it. Why? Because I don’t want to be the one responsible for all the money they will most likely lose in the process of trying to do the near impossible, “day trading for a living”. But some people don’t care about you and are willing to sell you a dream for their own financial gain, like Andrew. Why else write a book about it? Why else sell a chat room? It’s not for you, it’s for profit. The book is a cheap gateway to the much more expensive membership. They say a very small handful of people do it successfully, like Andrew and a few others in the group, but ZERO of these people are willing to prove it with their broker statements. They don’t have to, just like they don’t have to take responsibility for you losing all your money after practicing what they teach in this book. They can easily blame it on you, your personality, lack of discipline, etc. they don’t have to take any responsibility for the thousands of dollars you lose, spend on commissions, platform fees and chat rooms. All you wanted was a $10 book, this book may cost you much more than that, possibly your entire savings account. Meanwhile the authors still get their profits off of you. Now that your hooked you keep paying for the chat rooms, the successful traders give you hope that it’s possible, even though they have not shown anything to prove that they are successful overtime. I’ve seen Andrew break so many of his rules, show up late to the chat room, he never use stop losses, never draws levels anymore, etc. going against all the things the book teaches and make ten thousand dollars a day by chasing a stocks that’s breaking out at the open. Yet you can try as hard as you want and never make a dime. Weird right? So what is it that he is not teaching in his book? Why is there so many traders, yet he is the only one making so much money? I bet not a single person has read this book and made 10k a day consistently afterwards. You are very likely to lose all your money in this process. You are better off not reading this book, not day trading, not getting into this crap and instead investing your money long term. It’s not gambling, it’s worse than gambling. Gambling will automatically cut your losses for you. While trading you have to take action to cut your losses, and the money will drain from your account until you do so. I don’t doubt that Andrew makes money day trading, but he has yet to prove it, this book won’t teach you what you need to know cut will just teach you about trading. He was down over 1million on an IWM swing trade! What was his plan here? How can he be profitable overtime after losing that much on a trade? This book could waste a lot of your time and money. You may get addicted to the idea that it’s possible and keep on trying for years. Sure maybe some people figure it out, I’ve never met anyone willing to prove it, and that person is probably not you. Trade longer term charts. Study Canslim method, Mark Minervini, etc. the worst part about it, is that you can try for years and have nothing to show for it, but losses. Your not creating anything. I’d highly recommend that nobody day trades.
1 people found this helpful
✓ Verified Purchase

Best Day Trading Book to Read when Beginning - Hands Down.

I read Andrew’s book and little over a year ago and haven’t looked back since. While our trading styles are much different, as of now - the concepts remain.

The honesty and ability to relate when reading the book is what made it so inspiring. Very easy read.

Thank you, Andrew. Great work.
1 people found this helpful
✓ Verified Purchase

No packaging. Stickers ruined cover.

This book was sent to me with zero packaging. Sticky mailing labels that do not remove all over it. The book still looks like it will be a good one.
1 people found this helpful
✓ Verified Purchase

Simple and best strategies

Very informative and helpful to create wealth
✓ Verified Purchase

Masterclass !

I just started my part time trading career and I couldn't have a better book to start with it.
This book should be in every day trader bookshelf.
THE BIBLE OF DAY TRADING.
✓ Verified Purchase

Good book

Very good book
✓ Verified Purchase

Great Book! Highly recommend for any1 remotely interested in the stock market and it’s volatility.

Great book! Andrew is very knowledgeable and honest about day trading and I enjoyed his book very much. He is straight up and to the point and as you can see I put stickers on a lot of pages. That should tell you something 😁