How To Day Trade Stocks For Profit
Would you like the freedom to make money from anywhere in the world? Trade in an office, or from a beach hotel, you choose when and where you work when you’re a successful day trader.
How To Day Trade Stocks For Profit is a complete course designed to get you quickly making money from the stock market. No previous trading experience is necessary. Easy to read and jargon-free, it starts right from the very basics, and builds to a remarkably simple but very powerful profit generating
List Price: $ 9.99
Price: $ 9.99
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Finally! A book that’s truly about how to trade!,
I’ve been trading for about 7-8 years now, first as a swing trader and now primarily a day trader. I have a pretty good thing going but I’m always studying, always trying to learn something new to give me an edge. I’ve read a ton of books on trading and investing–I have a lot of the big name books that have hundreds of reviews and lead the pack in sales. All I have to say is thank God for the digital age and the ability to self publish, because this gem of a book would not exist if Harvey Walsh had to first go out and get a book deal with a major publishing house. At this point in my trading career, if I learn a couple of new tricks or concepts from a book I’m happy. I’m totally happy with my purchase of this book.
The vast majority of trading and investing books out there are preparatory–they tell you the things you need to know and have and be before you trade. They go through risk management, indicators, trading psychology, all the things you’ll need to know before you start trading. All of these are critical to a trader’s success, but nearly all of them drop you off and say goodbye at the point where you’re sitting at your PC, logged into your broker’s trading platform, trying to put it all together and actually made a trade. Harvey’s book picks up where those books leave off. It astounds me that there aren’t more books like this out there. Well, no, I guess it doesn’t–most people with the knowledge and ability to actually pull off a day trade either have a pamphlet sized book that they’re selling for $89.99, or they have their own websites and “systems” and chat rooms, through which they’re willing to impart their knowledge for a scant $400 a month. Harvey has done beginning to intermediate level traders a huge service with this book. This is a sick bargain.
This book is very, very rare in that it really is a how to book on day trading. It gives specific trading setups, how and when to enter, and after you’re in, how to manage the trade. These are valid, sound techniques–anyone with a significant amount of real experience trading would recognize them. He’s also a good teacher, his clear and straightforward style making it easy to understand the concepts he’s trying to get across.
But it doesn’t stop there. Harvey gives the reader a well written, though brief, primer on all of those same preparatory concepts the big boys’ books have. He talks about markets in general, indices, sectors, futures, order types, risk management, position size, brokers, the importance of paper trading, charting, chart patterns, indicators, support & resistance, and more. He really does cover all the bases.
The book does have a few shortcomings, but this is less a criticism of the book than it is a realization that no one book is going to give you everything, nor is one person’s take ever the final word on any subject. Many of what I call the preparatory topics, like “what are futures,” or risk management, are only brief introductions to the topics. There are entire books written on subjects that Harvey gives only a few paragraphs or maybe a couple of pages worth of explanation. This is understandable, though–the focus of the book is how to day trade, not how to become expert in every conceivable aspect of trading.
Another important point here is that this is just one way to day trade, not The Way. Harvey is big on chart patterns and on entering trades where support or resistance has been broken, which is a totally valid way to trade, but this style often ignores the dollar of price movement that’s happened prior to the breakout that nets 20 cents. This type of trading can definitely be profitable, but after mastering these techniques the trader needs to keep learning from his own experience as well as from others.
So, here’s my advice to you if you’re a new trader: Buy and read this book. When you finish it, start paper trading. Then buy a few of the best books from the big guys, like (especially) Brett Steenbarger, Mike Bellafiore, Alexander Elder, Marcel Link, Van Tharp and others. Read and understand them. Understand that risk management and preservation of capital are the most critical aspects of trading, far more important than entries and exits. Spend time going through the pile of trading websites, taking advantage of their free info. Then, read this book again. You should then be ready to log into your trading platform and start trading with a small amount of money. From there it’s up to you.
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|What’s up with the charts??,
I’m having a serious issue with the Kindle version of this book. I’ve tried reading it on my Kindle, my Kindle Fire, and my Kindle for PC software. On all three devices, the charts and graphics in the book are all out of order. Completely in the wrong places. When I read a paragraph regarding a specific graph, I then have to flip four or five pages ahead to see the proper graph and then flip back to continue reading. It’s as if all of the graphics are placed several pages ahead of where they belong. They are embedded in the text, still, but in the wrong location. If there is a way for me to fix this, someone please let me know. I’m really disappointed in the poor editing of the digital version of this book. I’m honestly surprised that there have been no reviews concerning this already. Please tell me if I’m doing something wrong.
UPDATE: I removed the book from my Kindle Fire and downloaded it again and now the charts seem to be lining up properly. I’m going to try doing that on the other devices and see what happens.
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|Great guideline for simple, profitable trading,
In this book, Harvey doesn’t claim to have found the Holy Grail trading strategy that works every time without fail. Instead, Harvey outlines the exact strategy that he uses successfully in an easy to read and understand format. He preaches keeping things simple and putting in the work required to profit from the markets daily. Anyone who has ever traded knows that there is no system that works 100% of the time with little to no effort needed. Harvey discusses controlling emotions, staying disciplined, and not over-complicating your trading strategy.
With numerous examples with detailed explanations, he walks you through exactly how he enters and exits trades. You can also look up his YouTube page and watch him use this exact strategy successfully on multiple videos.
For $10, this book is an absolute steal!
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