Advanced Techniques in Day Trading: A Practical Guide to High Probability Day Trading Strategies and Methods
Original price was: £31.00.£2.00Current price is: £2.00.
If you have read the first book (How to Day Trade for a Living), then Advanced Techniques in Day Trading will serve as a reminder, or a kind of refresher course on the basics, with a deeper dive into the technical. If you have not yet read How to Day Trade for a Living, I think you will find this publication’s somewhat condensed version of that basic information easy to understand as it then introduces you to more advanced techniques. To maximize your learning experiences, however, I recommend reading (and then regularly re-reading and consulting) both books. I believe you will find them to be useful guides and references at all stages of your career as a trader. And don’t just strictly study my books. There are many excellent resources out there. A successful day trader is definitely a lifelong learner.
Description
This well-thought-out training regimen begins with an in-depth look at the necessary tools of the trade including your scanner, software and platform; and then moves to practical advice on subjects such as how to find the right stocks to trade, how to define support and resistance levels, and how to best manage your trades in the stress of the moment.
An extensive review of proven trading strategies follows, all amply illustrated with real examples from recent trades. Risk management is addressed including tips on how to determine proper entry, profit targets and stop losses.Lastly, to bring it all together, there’s a “behind the scenes” look at the author’s thought process as he walks you through a number of trades. While aimed at the reader with some exposure to day trading, the novice trader will also find much useful information, easily explained, on the pages within.
In this book, you’ll learn…
•How to start day trading as a business
•How to day trade stocks, not gamble on them
•How to choose a direct access broker, and required tools and platforms
•How to plan important day trading strategies
•How to execute each trading strategies in detail: entry, exit, stop loss
•How to manage the trading plan
