Day Trading: A Comprehensive Guide to Making Money with Day Trading

By Baron McBane

Discover How to Make Money With Day Trading

This book is a comprehensive guide for new day traders. Day trading has been described as a "way of life" implying that the day trader must be completely absorbed in the activity, to the exclusion of everything else in life. That is not true. Successful day traders can work only a few days a week or only a few hours a day. Day traders are interested in all forms of investment; stocks, foreign currency exchange, exchange-traded funds and more. Profits can be made by well-informed and savvy traders in every one of these areas.

In this book, we will generally refer to trading in stocks, implying equities. This is only for simplicity for the readers. Almost everywhere, the information applies equally to all the other financial instruments as well. 

In terms of vocabulary, in this book, we use the short phrase "go long" for issuing buy orders and "go short" for issuing sell orders. Be aware that like with any other trading, you can sell instruments you don't own, by using a margin trading account.

This book is neither a solicitation nor an offer to Buy/Sell futures, stocks or options or any other financial instruments. No representation is being made that any account or trader will or is likely to achieve profits or losses similar to those discussed in this book. The past performance of any trading system or methodology is not necessarily indicative of future results. The author of this book does not hold a position in any of the stocks mentioned.

Within this book's pages, you'll find the answers to these questions and more. Just some of the questions and topics covered include:

- Introduction to Day Trading

- Buy and Hold

- Trading in Options

- Swing Trading

- Selecting a Trading Platform

- Indicator Choice

- Understand Commissions and Costs; Per Trade or Per Share

- Technical Analysis

- Volatility

- Liquidity

- Pivot Points, Support and Resistance

- Trading Strategies and Signals

- Candlestick Charts

- Indicators

- Stop Points

- Entry Points

- Moving Average Crossover

- MACD Moving Average-Convergence/Divergence

- RSI Relative Strength Index

- Bollinger Bands

- Harami Pattern

- Doji

- On Balance Volume (OBV)

- Case Studies

- Partial List of Day Trading Brokers

- And more!

Get the book now to learn more about Day Trading!

• Language: English
• Publisher: Baron McBane
• Release date: May 13, 2019
• ISBN: 9781386182115

Book preview

© Copyright 2017 by Baron McBane

All rights Reserved. No part of this book may be reproduced in any form without permission in writing from the author. Reviewers may quote brief passages in reviews.

Disclaimer

No part of this publication may be reproduced or transmitted in any form or by any means, mechanical or electronic, including photocopying or recording, or by any information storage and retrieval system, or transmitted by email without permission in writing from the publisher.

While all attempts have been made to verify the information provided in this publication, neither the author nor the publisher assume any responsibility for errors, omissions or contrary interpretations of the subject matter herein.

This book is for entertainment purposes only. The views expressed are those of the author alone, and should not be taken as expert instruction or commands. The reader is responsible for his or her own actions.

Adherence to all applicable laws and regulations, including international, federal, state and local laws governing professional licensing, business practices, advertising and all other aspects of doing business in the US, Canada, UK, EU or any other jurisdiction is the sole responsibility of the purchaser or reader.

Neither the author nor the publisher assumes any responsibility or liability whatsoever on the behalf of the purchaser or reader of these materials. Any perceived slight of any individual or organization is purely unintentional.

Preface

This book is a comprehensive guide for new day traders. Day trading has been described as a way of life implying that the day trader must be completely absorbed in the activity, to the exclusion of everything else in life. That is not true. Successful day traders can work only a few days a week or only a few hours a day. Most day traders have profit as their motive and how many hours each week they spend studying the market and trading, the more money they can earn. Day traders are interested in all forms of investment; stocks, foreign currency exchange, exchange-traded funds and more. Profits can be made by well-informed and savvy traders in every one of these areas.

In this book, we will generally refer to trading in stocks, implying equities. This is only for simplicity for the readers. Almost everywhere, the information applies equally to all the other financial instruments, as well. There is also an important disclaimer we must state. Day trading in Equities, Futures, Currencies and Options has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the equities, futures, currency and options markets. Do not trade with money you cannot afford to lose.

In terms of vocabulary, in this book, we use the short phrase go long for issuing buy orders and go short for issuing sell orders. Be aware that like with any other trading, you can sell instruments you don't own, by using a margin trading account.

This book is neither a solicitation nor an offer to Buy/Sell futures, stocks or options or any other financial instruments. No representation is being made that any account or trader will or is likely to achieve profits or losses similar to those discussed in this book. The past performance of any trading system or methodology is not necessarily indicative of future results. The author of this book does not hold a position in any of the stocks mentioned.

Chapter 1 Introduction to Day Trading

Make no mistake, day traders can make money in a matter of minutes, often in small amounts but on large number of stocks, those few cents can add up to large profits. However just as you can make a lot of money fast, you can also lose money at incredibly high speeds. Not every trade the day trader makes will result in profits. Sometimes it seems that the market is completely random, not following anything resembling logic or predictability. The market is volatile and fast. Prices can change at what seems like the speed of light. However, the market for any given stock follows some well-understood patterns. It is these patterns and their predictability that day traders use to their advantage. Stocks do not always follow these patterns and when they don't, traders can lose money. But when they do