The Complete Strategy Guide to Day Trading for a Living in 2019
Revealing the Best Up-to-Date Forex, Options, Stock and Swing Trading Strategies of 2019 (Beginners Guide)
Written by Mark Vogel
Copyright 2019 Mark Vogel - All rights reserved.
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Please note the information contained within this document is for educational and entertainment purposes only. All effort has been executed to present accurate, up to date, and reliable, complete information. No warranties of any kind are declared or implied. Readers acknowledge that the author is not engaging in the rendering of legal, financial, medical or professional advice. The content within this book has been derived from various sources. Please consult a licensed professional before attempting any techniques outlined in this book.
By reading this document, the reader agrees that under no circumstances is the author responsible for any losses, direct or indirect, which are incurred as a result of the use of information contained within this document, including, but not limited to, errors, omissions, or inaccuracies.
Table Of Contents
Introduction
Are you looking for a change of profession? Are you interested in taking up stock market trading for a living? Do you wish to make the most of your investments by trading in stock markets on a day-to-day basis? Well, you have come to the right place!
Stock market trading can be quite intimidating, especially if you are a beginner. There can be many aspects associated with it that you must acquaint yourself with. This book will act as your guide and introduce you to the world of stocks.
Who does not wish to make more money? Stock markets can provide you with the right avenue to make money by using the right resources. There are, however, risks to be aware of that might come your way. The main goal should be to reduce these risks and take advantage of the opportunities that the markets can provide. If you are able to hit upon the winning formula, then day trading can help you in a big way.
Success comes to those who take the right steps and can remain patient while putting in the hard work. The stock market can be highly rewarding provided you do all the right things.
This book will work as a handbook for everything related to options trading and the intent of writing it was to help others make money and a living out of investing in the stock market as I have. This book will provide you with information regarding day trading strategies and how you can come up with a plan of action to start trading immediately. Once you become aware of the different strategies, you can pick the one that will bring you maximum profits.
The information in this book is easy to understand and can help you take immediate action. Each of the chapters will cover one specific topic that will allow you to diversify your portfolio. By using the information in this book and doing some research of your own, you will be able to come up with the winning strategy. You will be prepared to take the hurdles head on and remain patient until they are cleared up.
I want to thank you for choosing this book, The Complete Strategy Guide to Day trading for a Living and hope you find this book an informative read. I hope you have a good time reading it and are upbeat about getting started on your options trading journey.
Chapter 1 : An Introduction to Day Trading
Day trading is a stock market strategy where a trader buys and sells stocks before the market closes for the day. It is a quick trading strategy where stocks enter and exit a traders portfolio the very same day.
About Day Trading Strategies
Day trading is often seen as a way in which traders tend to gamble with their money as they add it in and take it out within a few hours, but this is an outdated point of view. Day traders today use strategies instead of gambling with their money. It can prove to be a diversified approach to trading stocks.
The rise of the Internet has played a big part in making day trading a viable option for people who wish to make the most of their stock investments. The Internet has proven to be a great way to buy and sell stocks from the comfort of ones home. It has pretty much replaced on the floor trading with more and more people interested in off the floor trading.
Day trading today is quite different from how it used to be once upon a time. With the evolution of trading options, several misconceptions have been put to rest. It was in the early 90s during the dotcom boom that many technology-based stocks started doing well and was followed by mass hysteria with more and more people flocking to grab their shares. It is was at this point in time that day trading gained limelight.
Before this time, stock trading was predominantly carried out by professionals, but during the advent of the Internet, anyone with a computer and an Internet connection was able to trade stocks and monitor market movement.
The trend was set and following it was the main objective for many traders who had quit their jobs to take up day trading as their main business.
Trading arcades started doing well for themselves as they gained popularity and offered the right place to traders to make maximum profits. They would share ideas and learn about the new strategies to exploit in the world of share markets. Day trading continued to grow as an investment strategy through the 2000s adding hundreds of traders a day.
Today, day trading continues to be a popular trading technique that old hands and new practice in order to draw in maximum benefits. Here are some of the benefits associated with day trading.
Benefits of Day Trading
Any profits or losses the trader makes can be viewed on the same day. They do not have to wait for days to know whether they have made a profit or a loss. You can check your portfolio and see where you stand.
It is quite easy to recognize the direction or the movement of the stocks. Traders can make informed decisions based on the direction.
The brokerage or commission traders pay will be much less compared to regular trading.
Day traders will be able to avoid uncertainty, as no trade will be carried forward to the next day.
The trader is free to enter or exit the market at any time during trading hours based on his profit goals.
There is no set limit to how much money the investor can use to engage in day trading and depends on personal preference.
The trader is free to set daily profit targets based on the opportunities available to him.
As you can see, there are many benefits associated with day trading.
General Steps to Adopt while Day Trading
There are a few basic steps associated with day trading that you must adopt in order to start off the right way. Some of them are discussed here.
To begin with, read up on the topic as much as possible so that you have a fair idea of how things work in day trading. Remember that knowledge is power and the more you know the better off you will be.
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