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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
- Narrated by: Chris Abell
- Length: 6 hrs and 40 mins
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Summary
Very few careers can offer you the freedom, flexibility and income that active trading does. As a trader, you can live and work anywhere in the world. You can decide when to work and when not to work. You may only answer to yourself. That is the life of a successful day trader; but it is not easy to achieve and very few succeed.
In the audiobook, 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 audiobook short so you can actually finish listening to it and not get bored by the middle.
For beginner traders, this audiobook gives you an understanding of where to start, how to start, what to expect from day trading, and how to develop your strategy. Simply listening to this audiobook, however, will not make you a profitable trader. Profit in trading does not come with listening to an audiobook or two or browsing online. It comes with practice, the right tools, and software and appropriate ongoing education.
Intermediate traders may benefit from the audiobook'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 section number seven 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.
- 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
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. That’s How to Day Trade for a Living.
What listeners say about How to Day Trade for a Living
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- Anonymous User
- 24-09-24
Great insight for new traders!
Not a thing to dislike. Nice book, no need for improvements. why do i have to dislike anything.
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- Kalwant sembhy
- 14-02-23
Fantastic insight to day trading
It’s very motivating and it’s also helped me to have a better understand of, the psychology around day trading.
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- Aloysius Curmi
- 11-02-22
This great trader is also a great teacher
I don't usually write reviews but I really felt that a small effort on my side must take place after the hard work the author has put in this book. This book is a must listen/read for those aspiring to become day traders, although I'm still getting there this book was the next push forward i needed. This book will give you a great explanation on the questions you might have , it will also give you new ideas, lessons about risk management, trading strategies, so much info in one book. Thank you for crafting this book.
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1 person found this helpful