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How to Day Trade for a Living: A Beginner's Guide to Trading Tools and Tactics, Money Management, Discipline and Trading Psychology Paperback – 28 July 2016

4.6 out of 5 stars 4,906 ratings

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Paperback, 28 July 2016
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Product details

  • ISBN-10 : 9781535585958
  • Paperback : 384 pages
  • ISBN-13 : 978-1535585958
  • ASIN : 1535585951
  • Language: : English
  • Customer reviews:
    4.6 out of 5 stars 4,906 ratings

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Amazon.com: 4.7 out of 5 stars 1,961 reviews
Daniel Thomas
5.0 out of 5 stars READ THE BOOK FOUR YEARS AGO, AND I'VE BEEN A FULL-TIME TRADER EVER SINCE...
19 November 2020 - Published on Amazon.com
Verified Purchase
811 people found this helpful
Clay Lovett
5.0 out of 5 stars Do the work
12 June 2018 - Published on Amazon.com
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5.0 out of 5 stars Do the work
Reviewed in the United States on 12 June 2018
First after reading this book some people love it and some think it simple. Yes, it can be both. I found the book so simple that I was compelled to buy time in his chat room. My thought was, maybe it is just that simple or it could be something I’m missing and it’s actually complex. After a few sessions in the chat room watching someone monitor the market and listen to why buying and selling decisions are made, one way or the other, I decided to purchase three months time in a trading simulator exactly like the one used in the chatroom and connected with a feed just like the exchange floor. After 4 weeks of daily trading I became disciplined enough to start making smart trades and to get out of a trade properly.

It’s a business. You are buying and selling a product. Reading this book, putting in training time and practicing your training is no different than any other profession. It’s all about knowing when to get in, when to stay, how long to stay and when to get out. We all know that a lot of business startup’s fail because they didn’t do their research on location and product offered. This is your opportunity to do the research on a specific type of day trading. I am opening my brokerage account and feel confident that I can make money doing this. When I say make money I’m talking 50K range not millions per year.

And for those that don’t like this book because it seems “negative” that’s because it is compared to other books that put a nice pair of rose colored glasses on your face and tell you anyone can do this and how you will make millions. This book, the morning chat room, the simulator are all real world and a lot of potential traders lose money because they don’t put in the time before they put in their money. Be smart and learn to do it properly first….or you could just send me your money and save yourself some grief.

This is what I consider to be a successful trade. I did my research in the morning before the market opened, this was one of my selected stocks for the day, spent time in the chatroom, we discussed trade possibility for the day, a list was compiled and based on all that information I shorted this stock for a quick $500 then got out for the day.
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307 people found this helpful
Quantum Photonics
1.0 out of 5 stars Grammatically Impossible to Read
29 January 2019 - Published on Amazon.com
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158 people found this helpful