This well-thought-out training regimen begins with an in-depth look at the necessary tools of the trade including your scanner, software and platform; and then moves to practical advice on subjects such as how to find the right stocks to trade, how to define support and resistance levels, and how to best manage your trades in the stress of the moment.
An extensive review of proven trading strategies follows, all amply illustrated with real examples from recent trades. Risk management is addressed including tips on how to determine proper entry, profit targets and stop losses. Lastly, to bring it all together, there's a "behind the scenes" look at the author's thought process as he walks you through a number of trades. While aimed at the reader with some exposure to day trading, the novice trader will also find much useful information, easily explained, on the pages within.
In this book, you'll learn…
- How to start day trading as a business
- How to day trade stocks, not gamble on them
- How to choose a direct access broker, and required tools and platforms
- How to plan important day trading strategies
- How to execute each trading strategies in detail: entry, exit, stop loss
- How to manage the trading plan
[eBook] Free: "Advanced Techniques in Day Trading" (A Practical Guide to Day Trading Strategies and Methods) $0 @ Amazon AU, US
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Advanced Techniques in going from $$$ to $0, was honestly going to get it but i'd rather read WSB, since the chances of making $$$ is about the same….
Do paper trades before jumping to it .
Most app now has demo accounts.
Where's the section "How to claim capital loss tax?"
Here is there answer: capital loss can only offset your capital gain. In other words, if you made a loss from stock trading in one FY, you cannot offset your salary income in that FY but rather you can offset the profits made in the following FYs. So if you never make a profit, you are never going to be able to claim a capital loss.
People can offset their income if their main income sauces are from trading assets.
2nd that as day trader and not as investor
Buy low, sell high.
Saved you $0
Just YOLO into crazy OTM calls expiring in 1 day, much faster then waiting for moves up/down…
For further degen advice on "loosing whatever you managed to scrape up from under your couch" and "how to get your wife to stop being loyal" not need to contact me just get onto WSB……
lol good luck losing money