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Day trading, or intraday trading, is a method that works just like it sounds: you enter a trade involving one or more stocks (or another security) and exit the trade -- which you've only held onto for seconds, minutes, or hours -- by the end of the day. The plan is to make a trade and exit with a profit -- the sooner the better -- and still get a good night's sleep.
Because uninformed traders have made mistakes in the past, many myths about day trading exist. In Start Day Trading Now, you'll learn the truth about day trading, including how much money you'll need to get started, how to choose a broker, set up a trading account, read charts, use technical indicators, place a trade, and manage your money and emotions. Interviews with professional traders are also included.
Most important, Sincere thoroughly explains the benefits as well as the risks of day trading. One of the goals is to teach you how to be a better trader. This will help you learn how to trade for a lifetime, and not for just one day.
- Sales Rank: #241740 in Books
- Brand: Adams Media Corporation
- Published on: 2011-03-18
- Released on: 2011-03-18
- Original language: English
- Number of items: 1
- Dimensions: 8.50" h x .60" w x 5.50" l, .58 pounds
- Binding: Paperback
- 224 pages
- Adams Media Corporation
Review
"If you are considering entering the world of day trading, either part-time or full-time, read this book!"
--Toni Turner, bestselling author of The Beginner's Guide to Day Trading Online, 2nd Edition
Professional review of Start Day Trading Now at:
bit.ly/ftqqdV --Brenda Jubin, Ph.D Reading the Markets
"If you are considering entering the world of day trading, either part-time or full-time, read this book!" --Toni Turner, bestselling author of The Beginner's Guide to Day Trading Online, 2nd Edition
From the Author
Michael Sincere is the author of Understanding Options (McGraw-Hill, 2nd edition), All About Market Indicators (McGraw-Hill), Understanding Stocks (McGraw-Hill, 2nd Edition) and Start Day Trading Now (Adams Media).
Sincere has written numerous columns and magazine articles on investing and trading. He has also been interviewed on dozens of national radio programs and has appeared on financial news programs such as CNBC and ABC's World News Now to talk about his books.
In addition to being a freelance writer and author, Sincere writes a column for MarketWatch, "Michael Sincere's Long-Term Trader."
You can visit the author's website and blog at michaelsincere.com. Using indicators and personal observations, each week he writes about the market's next move.
About the Author
Michael Sincere is the author of several books on investing and trading including Understanding Stocks (McGraw-Hill), All About Market Indicators (McGraw-Hill), and Understanding Options (McGraw-Hill).
Sincere has written hundreds of columns and magazine articles on investing and trading, including a monthly column for MarketWatch, "The Long-Term Trader." He has been interviewed on dozens of national radio programs and has appeared on several financial news programs such as CNBC and ABC's World News Now to talk about his books.
You can learn more about Sincere at michaelsincere.com.
Most helpful customer reviews
6 of 6 people found the following review helpful.
Only book you will ever need
By orlando
Probly the only book your gonna need . This is by far the best easy to read and on point book I've purchased this far. It goes over a million things needed to day trade in today's market. Even touches up on penny stocks and the genius himself Timothy Sykes . Even if you don't like the guy he is a very profitable trader and to be mentioned in here shows it's very current with what's going on out there in the trading world . The most informative and cheapest book your ever gonna need .
5 of 5 people found the following review helpful.
Great book
By Robert C.
I enjoyed the book, gave me some great tips for trading. I especially enjoyed some of the tips and anecdotes towards the end of the book. It was an easy read because it was written in plain english instead of throwing around a big words or too much technical jargon.
0 of 0 people found the following review helpful.
A reasonable primer, but nothing to write home about...
By Jared
This book ticks all of the boxes you would expect of an introduction to day trading. There's a general overview of what a day trader does, some basic charting, followed by words of caution and some 'pro tips'.
Upon reading, you'll in no way be ready to trade, but you may have a better idea of whether the trading lifestyle is for you. And from there you can move on to more in depth books.
Pros:
- A short easy read
- Provides everything I was expecting as a beginner
Cons:
- Constantly quoting Toni Turner made me wonder if I should actually be reading her book instead
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