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🚀 Unlock your financial freedom with the ultimate day trading playbook!
‘How to Day Trade for a Living’ by Andrew Aziz is a top-ranked, highly rated beginner’s guide that combines practical trading tools, money management, and psychological discipline. With nearly 20,000 positive reviews, it offers a clear, actionable roadmap to mastering day trading and achieving the flexible, independent lifestyle coveted by modern professionals.








| Best Sellers Rank | #2,162 in Books ( See Top 100 in Books ) #1 in Investment Analysis & Strategy #2 in Online Trading & Investing #5 in Stock Market Investing (Books) |
| Customer Reviews | 4.6 out of 5 stars 19,488 Reviews |
T**S
Good Introduction to Day Trading with Lasting Value
This book on day trading has proven to be an invaluable asset to my journey in the world of financial markets. Aptly titled 'How to Day Trade for a Living' it serves not only as an excellent introduction but has seamlessly become my go-to reference on the subject. Placed proudly on my table, it's a constant source of inspiration and knowledge that I frequently find myself revisiting. The author's ability to demystify the complexities of day trading and present them in a clear, concise manner is truly commendable. The book excels in laying down the foundation for understanding the nuances of day trading, making it accessible for beginners without sacrificing depth. It serves as a comprehensive roadmap, guiding readers through the intricacies of the market, and providing insights into the key components of a successful trading strategy. What sets this book apart is its ability to instill a holistic understanding of what it takes to be a successful day trader. From risk management to technical analysis, each chapter is a step toward cultivating the mindset and skills necessary for navigating the dynamic landscape of day trading. The book, adorned with practical examples and real-world scenarios, goes beyond theory, offering a hands-on approach to learning. It has empowered me to make informed decisions, implement effective strategies, and confidently execute trades. I appreciate the author's commitment to bridging the gap between theory and practical application. While 'Mastering Day Trading' stands solidly on its own as an introductory guide, the author wisely recommends delving into 'Advanced Techniques in Day Trading' for those eager to elevate their skills further. This second book unlock advanced strategies and techniques crucial for successful stock trading. In conclusion, I wholeheartedly recommend 'How to Day Trade for a Living' to anyone aspiring to navigate the exciting yet challenging world of day trading. It's not just a book; it's a mentor that continues to shape my understanding and approach to trading. Read it with dedication and commitment, and you'll find yourself equipped with the knowledge and confidence to embark on a successful day trading journey.
J**E
A Must Have If You Serious About Day Trading
Andrew Aziz's "How to Day Trade for a Living" is an extraordinary and indispensable guide for anyone aspiring to venture into the exhilarating world of day trading. Packed with wisdom, insights, and practical strategies, this book stands out as a comprehensive manual that empowers both novices and experienced traders alike. Aziz's writing style effortlessly engages readers from the very first page, as he navigates through the intricacies of day trading with clarity and precision. He artfully breaks down complex concepts into digestible pieces, ensuring that readers can grasp the fundamentals before delving into more advanced techniques. The book's structure is well-organized, making it easy to follow along and refer back to specific topics when needed. One of the book's greatest strengths lies in Aziz's ability to share his personal experiences and lessons learned from his own trading journey. He openly discusses the triumphs and tribulations he faced, providing valuable insights into the mindset required for success in this demanding field. Aziz's transparency not only imparts a sense of authenticity but also cultivates a connection with readers, making them feel like they are learning from a trusted mentor. The author's emphasis on risk management is a standout feature of this book. Aziz stresses the significance of protecting capital and provides practical strategies to minimize losses. By instilling the importance of discipline and patience, he guides readers towards developing a robust trading plan that can weather the storm of market volatility. Moreover, his insights on psychological aspects, such as controlling emotions and avoiding impulsive decisions, are invaluable tools for maintaining a clear and focused mind amidst the chaos of the trading floor. What makes this book truly exceptional is its ability to bridge the gap between theory and practice. Aziz seamlessly blends theoretical concepts with real-world examples, allowing readers to see how they play out in live trading scenarios. The inclusion of numerous charts, graphs, and illustrations enhances understanding, enabling readers to absorb information visually and kinesthetically. Furthermore, Aziz provides readers with a host of practical tools and techniques to refine their trading skills. From identifying patterns and using technical indicators to effectively managing trades and assessing risk-reward ratios, this book equips readers with a comprehensive toolkit for success. The actionable steps outlined throughout the chapters create a clear roadmap for aspiring day traders, fostering an environment of growth and progress. Although "How to Day Trade for a Living" covers a vast array of topics, Aziz's writing remains accessible and avoids overwhelming readers with unnecessary jargon. Even those unfamiliar with the world of finance can easily grasp the concepts and gradually build their knowledge as they progress through the book. Andrew Aziz's "How to Day Trade for a Living" is a masterpiece that deserves a prominent place on the bookshelves of aspiring day traders. It is an engaging, educational, and empowering guide that instills the essential skills, strategies, and mindset needed to thrive in the dynamic world of day trading. Aziz's expertise, combined with his sincere desire to help others succeed, makes this book an absolute gem. Whether you are a novice or an experienced trader, this book is an indispensable resource that will transform your trading journey.
A**R
GREAT in-depth introduction to day trading...
Andrew's first book on day trading (DT), it's an in-depth introduction to day trading to help you know where to start and how to launch your career as day trader. He explains everything from how DT works, risk & money management, trading psychology (the #1 success factor for DT and most hard to master), how to find the right stocks to trade (stocks in play), tools (brokers, scanners, real time market data, NASDAQ Level 2, trading platforms, indicators, buy and sell orders, hotkeys to speed up your trading, watchlists & community of traders) candlesticks, to DT strategies, a step by step guide to DT and Andrew’s 11 Rules of Day Trading. Every DT strategy includes entry, exit / profit target and stop loss, as well key hints to detect them. Andrew's DT style is based on PRICE ACTION. As for DT indicators, Andrew uses only these 9: 1. Price action (candlesticks) 2. Volume (shares being traded) 3. 9 Exponential Moving Average (9 EMA) 4. 20 Exponential Moving Average (20 EMA) 5. 50 Simple Moving Average (50 SMA) 6. 200 Simple Moving Average (200 SMA) 7. Volume Weighted Average Price (VWAP, key indicator for DT) 8. Previous day’s closing price 9. Daily levels of support or resistance This means that you can begin using these proven indicators useful in DT and skip others like MACD, oscillators, stochastics, Bolllinger Bands, Fibonacci levels, etc. as some indicators are redundant and will clog you charts. "Indicators indicate, don't dictate" - Andrew Aziz. This is a very pragmatic guide, you won't find lots of definitions like what is a stock, stock market, exchanges, etc. You'll find very practical advice and everyday hints that will help you to start your day trader career and keep alive your account. For example, Andrew share his preferences of charting (colors, time frames, etc.) How it's better to use wired keyboard and mouse as you wont want to run out of batteries in the middle of a trade, how having a spare keyboard and mouse is a very good idea, and also a backup internet connection and power source. As this book is an introductory guide to day trading, not a stand alone guide, Andrew makes available to you his online learning resources: live (and recorded) classes (Introduction and DAS Trader Pro Platform; How to Find Stocks in Play/How to Find Support and Resistance; Orders, Price Action and Day Trading Strategies Part 1; Day Trading Strategies Part 2 and Risk Management) and community of traders (chatroom), where you can watch Andrew making his daily watchlist, trading live, ask questions to him and other traders, practice and learn strategies, get stocks hints. Also you'll have access to his Trade Ideas scanner (paid software). In his website you'll find trading book recommedations, hardware and software recommendations to help you in your trading learning and practice. In his youtube channel you can watch his daily recaps where he shows how his day was, explaining what he did right and/or wrong and how was his P&L (profit / loss, you will watch mostly profitable days, but he has some losing days to learn from). Also, as a member of his community of traders you'll have access to his trading platform setup and scanners configuration (if you get Trade Ideas scanners by your own, these are available to you in the chatroom). Moreover, Andrew is very honest about DT as a very risky business and how you need a proper training, practice and time to become profitable day trader. Your first milestone after a 3 month practice in simulator will be to find out if DT it's for you or not. Andrew can't be more clear in this book: Day trading is not a strategy to get rich quickly and day trading is not easy: It is a serious business, and you should treat it as such. By reading his book, and knowing him via email and chatroom, it's clear to me that he is an honest and straightforward guy. You won't see him showing off an exotic life style with expensive cars, money pallets, big houses and trading form his smartphone in the beach, facades used by some "traders" and "educators" to atract newbies pursuing a quick and easy way to make lots of money from penny accounts. This is priceless as a lot of DT "educators" are colluded with fraudulent brokers to get your money in their pockets. Wishlist / improvements to this book: 1) As this is an introductory guide, a glossary of daytrading terms would be very handy for newbies 2) A DT business plan / template / guidelines will be great 3) A more in depth explanation of NASDAQ Level 2 information and how to take advantage of it in DT. Stay tuned as Andrew's second book will be available very soon in 2018.
S**S
The Complete Guide to Get Started Day Trading
I've read hundreds of trading books and have been active in the stock market for over 30 years. I continue to read trading books to see what other traders say about their own experiences in the market. Good trading books are worth their weight in gold if they give you just a few lessons that increase your profits or decrease your losses. Day trading is a specialized endeavor that requires an edge in the market and the speed of execution, risk management, and discipline to stick with your strategy. New-day traders can get into trouble quickly and lose much money when they lack any of these in their approach. Realizing your need for more knowledge on the subject is the first step; the second step is to study. Andrew Aziz's "How to Day Trade for a Living: A Beginner's Guide to Trading Tools and Tactics, Money Management, Discipline, and Trading Psychology." is the best introductory book on day trading I have come across. Its steady top ranking in book sales and amount of positive reviews confirm this. This concise, no, fluff 384-page new expanded 2022 edition of the book covers all the topics a new trader will need to know without being overwhelmed with the things that aren't important. The writing style is to the point and not dull as it gets to the point and moves to the next lesson. It isn't full of anecdotes or too many personal stories. The book is a focused master class on what you need to know to day trade. Day trading is a professional pursuit, and you must take it seriously. The author of the book is clear that day trading takes work. This is not a get-rich-quick book; it's an educational one. Most people who try day trading lose money because they need proper education, practice, and skills. The author emphasizes that consistent success requires skill acquisition over time, and treating day trading as a serious business is crucial. This is a realistic approach that can lead to future success. The lifestyle and rewards of successful day trading can be pretty enticing: working from home, having no boss, no coworkers, income based on performance, and taking time off when desired. A proficient day trader can earn more in a day than a week at a job. However, achieving this success requires dedication to education, practice, and applying the strategies and principles outlined in the book. Andrew focuses the reader on the journey of becoming a profitable day trader. He gives you what you need, from trading setups and strategies to risk management and the right mindset. He explains that success comes from properly educating oneself and diligently practicing strategies in a simulator for at least three months before trading with real money. He also goes into the details, like hotkeys and how to find the stocks in play for day trading. The book is filled with screenshots, and he goes step by step. The book teaches all the general principles of day trading, risk management, money management, various strategies, discipline, and trading psychology. It also offers a step-by-step process for those who wish to become successful day traders. While the book is an excellent introduction to day trading, the author also provides free introductory access to his trading community, where one can watch him trade, receive advice, and learn from other traders. This book is the manual for the full day trading education he provides, and you can continue your journey to his more advanced books or learn to day trade directly from his service. However, this book is the one to start with and what I recommend to new traders that ask me about day trading books. The author's passion for teaching and trading shines throughout the books, and he genuinely wants to help others succeed in day trading. Andrew is very friendly and social in real life. You can even catch his traveling adventures on social media, where he lives the dream of day trading and visiting amazing places around the world. In summary, "How to Day Trade for a Living" offers valuable insights and a clear path to understanding and engaging in day trading. Whether or not one ultimately decides to pursue day trading seriously as a profession, this book serves as a solid foundation for making an informed decision. This is the first book an aspiring day trader should read in my opinion.
A**N
A Foundation for Beginning Day Traders
I had ordered this book at the end of 2020 but didn't bother to read it as I was already mentally walking off the field of day trading after only a month of trading. I took a break for literally a year to evaluate what it was that I really valued, and that was financial freedom and self-mastery. I didn't like the feeling of giving up so soon. So I dusted off Andrew Aziz' How to Day Trade for a Living and stepped back onto the field of Day Trading. This book gave me the motivation to try again and showed me there was hope to being a consistently profitable day trader if I put in the required hard work and time. I was mad at myself for not picking up this book sooner, as I would have already had a year of trading under my belt. Andrews book is very genuine and inspirational. It was also a fun read but very insightful and educational at the same time which made it a breeze to read. I felt the impression that Andrew really cares about your endeavor and wants you to succeed. After reading the book I couldn't wait to start my journey as a trader thanks to Andrew. The Book is full of strategies, and important tips on money management and psychology as well which crafted a great foundation for my learning curve. I have read some negative reviews about this book how Andrew is using his book to market his company, he's really not. Day trading involves sharing ideas and communicating them. You can't do it alone and I can vouch because I tried doing it alone and I gave up after a month. I paid for the elite membership and I couldn't be more grateful to have a community full of traders and mentors guiding me and helping me through my trading journey. He's not using the book as a marketing strategy, he and his team really want to help you and they warmly welcome you with open arms when you join. It's very hard to do this alone, you need a community of traders to help you up when you're down mentally and his team is there for you. Also, in his book Andrew talks about nutrition and proper sleep and self-discipline. Whoever thinks this subject is boring and wants to get on with the strategies are setting themselves up for failure because you need to exercise proper discipline in and outside of the markets, get restful sleep and treat your brain to healthy foods if you want to be at a peak performance. Olympic runners don't eat McDonalds to increase their speed and brain performance. Lastly, Andrew doesn't want you to come into the market with the wrong idea that you can get rich quickly and buy a lamb by next week without putting in months and months and months of hard work and practice. He's simply being realistic and preaching the truth. Not to put people down. Overall, I love his book, his community and the motivation I got from reading his book. I highly recommend anyone who has a realistic mindset, a desire for a better life, and loves hard work and accomplishing goals.
N**E
“It ain’t what you don’t know that gets you in trouble.”
Mark Twain once said "It ain't what you don't know that gets you in trouble. It's what you know for sure that just ain't so." I believe these words of wisdom apply to trading, as well as life in general. After doing some day trading and making a few nice profitable trades here and there, followed by a couple of losses that cut my profits in half, I remembered that quote by Twain and I had to admit to myself that many of the things I thought I knew about trading were wrong. I decided to visit Amazon to find a good introduction to the subject of day trading. There were so many books, most of them looked like they would take me weeks or months to study, and I wasn’t sure if I was prepared to take on that kind of learning curve. I’m not lazy, but I have a lot of other projects going on. Then I stumbled upon Andrew Aziz’s book “How to Day Trade for a Living: A beginner’s Tools and Tactics, Money Management, Discipline and Trading Psychology.” This book seemed to cover everything I was looking for, and with only in 232 pages; I felt I could handle that. I wasn’t looking for an encyclopedia on trading; I was looking for information on what day trading is, how to get started, and pitfalls to look out for. Based on the long title and the mostly positive reviews, I decided to go with this book. I am very glad I did. I should mention that I’ve not yet completed my first reading of the book; I’m taking my time to let the information sink in; that’s my preferred learning style. However, a bit more by half way through the book, I can say that I really enjoy this book a great deal. At first it was a little uncomfortable, because as a middle-aged finance professional with an MBA and many classes in finance and investing, I felt that I should know a lot more about day trading than I actually do. Well, the first thing I learned from Aziz’s book is that day trading and investing are very different subjects. I also learned that what I had been doing was not day trading, but “swing trading,” and that they are very different trading modalities that require different education and practice. By far, my most important take-away from this book is that day trading is not easy. The author of reinforces that point throughout the book. This is probably why 84% or so (depending on which study you read) of those of us who give day trading a try end up losing money. We think we can just jump in, get lucky, and make lots of money. We ignore the fact that having consistent success as a day trader requires skills that are usually only acquired through practice and over time. We like the making money part, but we don’t like the steep learning curve, so we start trading with no education, no practice, no skills. In other words, we dabble in day trading. Then, as often is the case, when we lose our trading capital (or most of it), we call it quits and blame day trading as being a sham. That’s the 84% of all traders. Of course, there’s nothing magical about the 85/15 or 80/20% rule; it just happens to be true in so many areas of life. If more “wanna-be day traders” would only be willing to educate themselves and approach day trading with the seriousness and respect it deserves, treat it as an actual business, they could be successful too! And then the ratio of successful day traders in these studies would probably increase by quite a few percentages. Maybe this will happen one day, I don’t know. I say probably not, because despite our amazing potential, human beings tend to be lazy, and very predictable. That’s why the 84% failure ratio for day traders is probably going to remain fairly constant. That doesn’t mean that an aspiring trader willing to humble themselves (a bit) and commit themselves (a lot) to learning the skills can’t be part of the 16% of successful traders! In the beginning of this book, the author talks a bit about the rewards of day trading, and why so many people pursue it. Successful day traders can work from home, make a very decent income, take time off when they want to, work from anywhere in the world with an internet connection. You have no boss to answer to; you’re basically your own CEO. I learned from this book that a successful trader who has acquired the necessary trading skills, strategies, tactics, money management, discipline and psychology can sometimes make between $500 to $1,000 per day, on average. That’s a lot of money. It translates into $120,000 to $240,000 per year, before taxes (assuming on average 20 trading days per month). The author mentions how he knows traders who consistently make $2,000 or more per trading day; but he does not hold himself out to be in that category. In fact, he admits to having lost money, and he still has losing days or streaks of losing days, but on average he is consistently profitable. The point I’m trying to make is that becoming a successful trader can be very rewarding, for someone willing to go through the learning curve and acquire the necessary skills and mindset. If the potential rewards of becoming a successful day trader is so great, and since it appears to be very doable, then why isn’t everyone day trading? I believe the author provides the answer in his 11 Rules of Day Trading. “Rule 2: Day trading is not easy. It is a serious business, and you should treat it as such.” If I understand the author correctly, the day traders who are making $500 to $1,000 profit are traders who have taken time to educate themselves and apply the strategies and principles outlined in the book. They have practiced in a simulator for at least 3 months, achieving a favorable ratio of profitable vs non-profitable trades before trading with real money. Then follows several months with “small trades” made with real money, because trading with real money is different from trading in a simulator. So even if you have a talent for day trading, it’s unlikely that you’ll be getting rich quickly. In addition to teaching the general principles of day trading, risk management, money management, several day trading strategies, discipline and trading psychology (very important!) this book also provides a step by step process for people who want to become successful day traders. The author says in the beginning of the book that the book is short on purpose; it allows the reader to understand the basics of day trading and enough information for someone to decide whether they want to pursue day trading as a profession. After reading about halfway through the book, I’ve decided that I would like to continue learning about day trading. Some of the sobering facts outlined in the book almost caused me to put it down. However, based on what I learned from this book, I do believe that becoming a successful day trader is indeed possible. Also, the potential rewards of acquiring the skills of day trading are a great motivation to me. Another reviewer expressed that they really liked the book, but that they had decided not to pursue day trading at this point. I really respect that reviewer, because it shows that the person was willing to read the book and find out what day trading is all about, before making an informed decision. This reviewer then for their own reasons decided not to pursue day trading at this time, but still took time to leave a favorable review of the book. I think that says a lot about a person’s attitude in life and toward learning. In fact, this was one of the reviews that contributed to my purchase decision. As for me, although I am committed to continue my studies of this book and taking the next steps to continue my education, I still don’t know for sure if I will eventually become a day trader and pursue this as a livelihood. After a few months of trading in a simulator, I might reach the same conclusion as the other reviewer who decided it was not for them. However, in my case I feel this is the right time in my life to learn a new set of skills; I find day trading very interesting, and I want to learn more. Not everyone is cut out for day trading, and there are so many factors that come into play. However, I feel I owe it to myself to at least continue to explore and learn more about the subject matter. If I don’t, I will be forever wondering if I made a mistake by not learning more. I’d also like to point out that although I think this book on its own is a great introduction to the subject of day trading, you are getting a lot more than just a book. The author invites you to join his trading community, where you can watch him trade and get trading advice and tips from other traders. You can find the website if you enter the author’s name in Google; the website will have a lot of information about the trading chat room and other day trading education resources. The trading chat room is no longer free, from what I understand all the participants in that community recently collectively decided that there should be a $30/month fee to cover the expenses of the chat/teaching platform. However, it is possible to sit in on several chat session for free by signing up for a 7 day free trial. Personally, I don’t have a problem with this, as I’ve been pitched $5,000 trading “academies” – week long courses that promised me I’d be profitable my first month in trading. Unfortunately, the day trading education industry is infested with vendors preying on people’s hopes and dreams, and many fall for such false promises. I feel that the author of this book is “the real deal.” I must admit that one of the questions I had initially was that if a person is good at day trading and making money with it, why would they teach others? That question was answered after I attended a couple of the author’s trading room chat sessions. It became very clear to me that the reason he’s conducting these training sessions is because he loves trading and he also loves to teach. I know, anybody can say that they love teaching others, but if that statement is actually true, then I believe it will shine through. With Andrew Aziz, it does shine through. In any case, I consider $30/month to participate in the chat room to be a very reasonable fee, and I feel that if I can’t afford that, then perhaps I shouldn’t be day trading at all. If you are joining the author’s trading room, I also recommend that you budget $120/month to cover the cost of trading in a DAS simulator, where you will “paper trade” for at least three months. So all in all, I budgeted $450 for my three month introductory education with this program. I believe that the simulator can be ordered separately from the chat room directly from DAS, but the simplest option is to order it all through the trading community web site. That way everything will be set up for you and you can participate in an on-boarding session where the author teaches you how to use the software. I am mentioning these costs because I think people who are considering joining this path to day trading education should know about the costs up front. No doubt, some people will conclude from my review that the book is just a bait for more expensive courses, and if these thoughts are going through your mind you should be aware that the main cost of this program goes to cover the DAS platform, which is separate from the author’s chat room. I did some quick math based on the number of people in the chat room, and concluded that monetary gain is definitely not his reason for conducting these training sessions. Finally, I will disclose that this is an unsolicited review and I’m not receiving any benefit from leaving it other than the satisfaction of knowing that perhaps I’ve helped another prospective day trader make an informed decision about whether or not to invest in this book. My advice is that if you’re not sure whether this book is for you, get the Kindle version. It’s only $3.75 and you can download and read it immediately. That’s what I did. However, I just purchased the paperback version of the book as well. I know that this is a book that I will be referring to often, and I like to be able to highlight sections and add my own notes. I hope some will find this review helpful, and whoever you are, I wish you the best of luck with your decisions about day trading!
C**E
mixed feelings
I bought the book and signed up for his membership. I've had on and off success, but with my latest run I told myself I'd stop after a certain amount of loss. Well, I hit the loss. I'm okay not pursuing day trading any more even though I do love the thrill of it. Andrew is a great trader, but I do want to caveat a few things. Yes, I did "lose", so this review might be a little bit more on the negative side, but I feel like people don't hear about the negatives of day trading enough. Andrew is good at what he does, but I think his chatroom helps him succeed even more. First, he does show all his trades which is awesome. But as I participate in his chatroom, I wonder what kind of success rate he has. We all heard the stat that 97% of day traders fail. So, does Andrew beat that percentage? Is there a higher success rate with him? I've seen a lot of members come and go, and there are very few stick around. Brian seems like he's consistent, but seems like he trades with small share size and doesn't show his P/L. Carlos a year ago said he traded full time, but he slowly stopped posting recaps and when he did, the P/L was a lot lower than when he started off. P/L isn't everything, but no one posts consistently. He teaches day trading for a living, so I'd love to see some success stories. Other notable names are Robert H, William that I haven't seen for awhile. The newer guys like Thor or Aiman seem like they are doing well now, but no daily recaps and I have a suspicion they have really bad days as well. Which brings me to my final point. He denies this, and even comments about low float chatrooms, but his chatroom has the potential to change markets. Let's do some math. On a given morning there are ~700 members and only continuing to grow. Let's say half are live. I don't know the numbers, but let's say that's the case. All hypothetical, you can change it however you want. 350 are live. Let's say half of the the live folks follow his trades. 175 people. Half of those people (~87) take small share size, 200 shares. Comes out to 17,500 shares. Half of the remaining half (43) people take share size that can net them 100-200 dollars daily, 400 shares so another 17,500 shares. Again, these are on 20 -30 cent moves, scaling out. Now, there are 43 people left. Let's say 30 of them take 1000 shares, which can make 200-400 a day. 30,000 shares. Then the remaining 10 or so people take 2000 shares, which is still a lower amount then Andrew's buy in (he usually buys in AMD/MU w/ 4k shares). Another 20,000 shares. Total ends up at 85k shares, all after Andrew enters with his 4k position. All of them are hitting the ask, moving the price higher. Now, I think I went a bit conservative, but we can even take a lower number than that, 50k shares. Every time he enters a trade, he has 50k buying power right behind him. That makes a difference, right? This is all in a 1-2 minute span and depending on the Overall Volume for the 1 minute candle stick, it can be a big portion of it. I understand some 1 minute candle sticks are 500k. I also know that some candle sticks are 100k or 50k. Having people enter right after you will have a TREMENDOUS effect. If you watch closely at the Level 2, you can see the order flow and time/sales change after Andrew enters. That doesn't even account for all the other people outside his chatroom seeing the volume flow in. That also doesn't account for people who aren't following Andrew in the chatroom (but are in the chatroom) but see the same pattern he does without hearing the callout. I believe Andrew pushes patterns to come true, and other people follow. How many people are impacted by this indirectly? No idea. Now, is andrew a good trader? yes, he seems disciplined, able to read the market and jump out when needed. You will also often see the stock crash once he jumps out long lol. Do I think he could make a living if there was no chat room, yes. But I would love to see him for two weeks trade with no chatroom. Just post recaps. I could eat my own words. I still think that ~50k shares following him does help him a lot. Best of luck to new traders!
R**I
The definitive introduction to Day Trading
Just finished reading this book and what a great read. Let me try and logically break the review down into the following areas: a) Content: as my title suggests this is probably the best book that one can pick up to understand the basics of day trading. The terminology of traders as well as a 101 Level view of tools and techniques is very aptly articulated that does not confuse. I will recommend anyone interested in this area to read this book (and I am sure sections on planning / programming your trading journey and psychology would benefit even seasoned traders who are stuck in a bit of rut). b) Structure: Andrew has used structured the book well using brevity and epigrammatical simple language to explain super complex subject matter. I personally loved the fact that it almost provides a very pragmatic blueprint for starting the journey to experiment with day trading. My only small suggested revisions would be to perhaps front load some of the definitions like support and resistance levels (they get explained late when Andrew explains the strategy). c) Value: for an extremely small amount, the value that this book provides is INSANE. I am very interested in markets and want to foray into trading and so glad picked this as my introduction book as it is really really good building foundational knowledge (much cheaper than other alternatives available on the market). I know some reviews on the internet feel, its a bit of funnel to bearbull trading community, but i feel there is nothing wrong with that. NOWHERE does Andrew say his forum is the best and he provides consistent knowledge that is agnostic of his community. d) EXTRA: There was an example problem for which Andrew had provided his email for solution validation. I developed a solution and sent the same to Andrew, in a matter of minutes he responded and gave me access to a simulator his team has developed. I really appreciate this level of customer / reader obsession. PS I have actually purchased the sequel i.e. Advanced Techniques in Day Trading
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