Stock Trading Strategy: 3-Book Bundle – Stock Market Investing for Beginners + Day Trading for Beginners + Penny Stocks + bonus content: Trading Psychology of Millionaire Investors pdfdrive com

Table of Contents
Foreword
Chapter 1 The Profession
Chapter 2 Setting the Path Right
Chapter 3 The Gold Nuggets
Chapter 4 Know Your Enemies
Chapter 5 Tools of the Trade
Chapter 6 Strategies
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Foreword
Let us get this out of the way upfront, day trading isn’t going to be for everyone,
it requires an understanding of the fundamentals of trading and it has a number
of risks that push it out of the realm of the average trader. With that being said,
for those who persevere, the potential rewards are going to outpace practically
every other type of security trading.
In order to help you minimize the potential risks and maximize the rewards, the
following chapters will discuss everything you need to know in order to start out
day trading on the right foot. First you will learn all about what day trading
entails including the fundamentals that any trader needs to know before dipping
their toe into the deep end of the trading pool. You will then learn about the
characteristics you need to strive to embody when it comes to being a successful
day trader as well as tips for success that will help you on your way. Then you
will learn about the common mistakes that new day traders make as well as how
to avoid them. Finally, you will learn about the key tools of the trade as well as
several useful starter strategies to try.
Every effort was made to ensure it is full of as much useful information as
possible. Enjoy trading!
You can find all my books here,
https://www.amazon.com/author/tyler-yamazaki

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Chapter 1
The Profession
At its most basic, day trading is just like any other type of securities trading
except sped up by a significant degree. Day traders typically only hold specific
positions for a few minutes, or less, on average, with no position being held
longer than overnight at most. In order to be a successful day trader, you
typically need previous experience trading securities in a less high-impact way,
dedication to what it is you are trying to do and a high degree of discipline.
The process of making a day trade can be broken down into 5 steps that are
going to always be the same regardless of the specifics involved. First you will
want to find an asset that you want to trade be it a stock, option, currency pair or
any other commonly traded security. You will then decide if it fits your trading
plan. If it does you will want to take a specific position based on current market
trends. Then you will sell as soon as the desired movement occurs. Finally, you
will repeat until you are a veteran day trader.