A Beginners Guide on How to Day Trade for a Living
By Wayne J. Avery
Length2h 37m
About this audiobook
You must have been hearing about the term Day Trading;
What does it mean?
What is the process of Day Trading all about?
What skill set do you need to have to be able to Day Trade for a living or as a side gig?
Do you need to be involved in the day-to-day running of your account?
How much funds should you invest in Day Trading?
Day Trading is a process in which an individual buys and sells stocks, options, cryptocurrency, foreign currencies, etc typically within a window of 24 hours.
Traditionally, day traders have deep pockets and vast experiences with the financial markets; they also employ the use of short-term options, leverages, and sophisticated trading platforms with signals and alerts to scalp tiny changes in the markets. Day Traders provide a continuous amount of highly needed liquidity for the smooth flow of the market and they also supply arbitrage.
This guide has been structured to help you as a beginner understand the fundamentals of Day Trading and grasp how it operates and what it entails in setting up profitable trading strategies based on several factors at any point in time.
With the right approach to Day Trading, you can make a sustainable amount; well-funded and educated Day Traders are most likely to make millions of dollars in profits annually which will most certainly get you out of the rat race if you can attain this feat.
Financial independence is the goal and it is not a far-flung dream as Day Trading puts you firmly in the driving seat of your affairs and how your day or life eventually turns out.
Author and financial expert, Wayne J. Avery guides you on a journey into the world of Day Trading with easy-to-understand principles to set a solid foundation for you. He will show you detailed trading strategies and how to hit the ground running with simple winning formulas.
You will learn basic trading principles that you can build on which will aid your trading success; also to be learned are risk management and discipline mentality to be employed in all your trades.
In “A Beginners Guide on How to Day Trade for a Living”, look out for the following and much more;
How to get started with day trading
Hidden secrets of day trading exposed
Money management skills
Day Trading technical terms
Chart types
Compounding your profits
Employing risk management techniques
Easily applicable techniques to make profits and attain financial freedom in no time
Trading platforms, brokers, and markets to trade in
Developing a winning mindset for Day Trading
Basic technical analysis
And so much more!
Order your copy now and begin this exciting and profitable journey into the world of Day Trading Today!
Audiobook details
GenreOther
Length2 hrs 37 mins
Narrated byListen with 1,000+ voices
FormateBook with Audio
Publish dateSep 12, 2024
LanguageEnglish
Table of contents
1The Upsides of being a Day Trader
61The Relative Strength Index (RSI)
2Risks associated with Day Trading
62The Fibonacci Retracement
3Chapter One
63Ichimoku Cloud
4Emotional Management
64Standard Deviation
5Market Emotions; Types
65Ordinary Directional Index (ADX)
Show all chaptersShow less
6Chapter Two
66Average Directional Index
7Day Trading; How It Works
67Chapter Six
8Swing Trading Vs Day Trading
68All about Candlesticks
9What is Swing Trading?
69Reading Candlesticks
10High-Frequency Trading
70Bullish Candlestick Patterns
11Chapter Three
71The inverted hammer or the hammer
12Understanding Risk Management in Day Trading
72Chapter Six
13How much do you risk per trade?
73Managing your Trades
14Create a Trading Strategy
74Workings of the ABCD Pattern
15Set a Limit
75Trading with the ABCD Pattern
16Trading Psychology; What is it?
76The Bull Flag Pattern
17Trading Psychology Pitfalls
77The VWAP STRATEGY
18What Is A Trading Bias?
78VWAP Requirements
19Taking Charge of Emotional Trading
79Chapter Seven
20The Reasons Traders Lose Funds
80Succeeding As a Day Trader
21Chapter Four
81Setting up a Trading Strategy
22Hunting Stocks to Day Trade
82Be Business Orientated with your Trades
23Characteristics to Look Out For
83Make Use of Appropriate Tools
24Chapter Five
84Safeguard your Funds
25Orders
85Don’t Stop the Education
26Buy Orders
86Always Set up the Stop Loss
27Limit Order
87Know when to stop
28Types of Limit Orders
88Importance of a Trading Plan
29Order Costs
89Factors to Consider in Setting up a Trading Strategy
30Stop-Loss
90Your driving force
31Limit Stop Order
91Plan your objectives
32All or None limit
92Pick your risk-to-reward ratio
33Immediate or cancel (IOC)
93Determine how much money you have to trade with
34Fill or Kill (FOK)
94Assess your market capability
35Good till Cancelled (GTC)
95Your trading diary
36Day Order
96Chapter Eight
37Take Profit order
97New Traders’ Guide
38Trading with demo Accounts
98Create a Trading strategy
39Demo Account Is Devoid Of Emotional Trades
99Be Disciplined
40Slippage
100Use stop loss
41Trade with less Capital
101Prudent Money Management Skills
42True Feelings
102Some ground rules
43Selecting a Broker
103Diversify
44Study Your Investment Techniques
104Give yourself 3 – 5 years
45Making a Decision on What to Trade
105Evaluate All Transactions
46Trade news or Shares
106Keep your risk levels to less than 2% - 3%
47Technical Analysis
107A Checklist
48Expert Rating
108Put your emotions under check
49Company Earnings
109Chapter Nine
50Emotions and Trade Positioning
110Power of Compound Interest
51Insider trading
111The formula for compound interest
52Fundamental Recheck
112How to figure out compound interest
53Stock Scanner
113Compound interest's impact on returns
54Stock alerts
114The Power of Mechanical Rules
55Technical Indicators
115Does automated trading work?
56Moving Average (MA)
116How to Enter and Exit Positions
57Exponential Moving Average (EMA)
117Do mechanical trading work?
58Stochastic Oscillator
118Which automation program is ideal for mechanical trading strategies?
59Moving Averages Convergence and Divergence (MACD)
119Chapter Ten
60Bollinger Bands
120My Evergreen Rules of Trading
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