A Beginner’s Guide to Trading Tools and Tactics, Money
Management, Discipline and Trading Psychology
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:
- 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
I also encourage you to my community of day traders at
Vancouver-Traders.com. You can monitor my screen in
real time, watch me trade the strategies explained in his
book, and ask questions of me and other traders in our
private chat room.
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.