Description

Success as a day trader will only come to 10% of those who try. It’s important to understand
why most traders fail so that you can avoid those mistakes. The day traders who lose money
in the market are losing because of a failure to either choose the right stocks, manage risk,
find proper entries, or follow the rules of a proven strategy. In this book I will teach you
trading techniques that I personally use to profit from the market. Before diving into the
trading strategies we will first build your foundation for success as a trader by discussing
the two most important skills you can possess. I like to say that a day trader is two things,
a hunter of volatility and a manager of risk. I’ll explain how to find predictable volatility and
how to manage your risk so you can make money and be right only 50% of the time. We
turn the tables by putting the odds for success in your favor. By picking up this book you
show dedication to improve your trading. This by itself sets you apart from the majority of
beginner traders.
The act of day trading is simply buying shares of a stock with the intention of selling those
shares for a profit, within minutes or hours. In order to profit in such a short window of time,
we trade shares of companies that have just released breaking news, made a big earnings
announcement or have any type of fundamental catalyst that results in above average interest
from retail traders and investors. The type of stocks a day trader will focus on are typically
much different from what a long term investor would look for. Day traders acknowledge the
high levels of risk associated with trading volatile markets, and they mitigate those risks by
holding positions for very short periods of time.