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Day Trade the Smart Way

PublisherPJO Books

Book Details

PublisherPJO Books
ISBN / ASINB00AXLVBN6
ISBN-13978B00AXLVBN2
Sales Rank569,960
MarketplaceUnited States  🇺🇸

Description

Get the truth about trading for a living.

Day Trade the Smart Way is a roadmap for the independent day trader, and a beginner’s guide to creating a winning day trading system of your own.

Day Trading the Smart Way is NOT a chart-filled instructional manual in the traditional sense. It is NOT a “system” in and of itself, per say. Instead, it is an effort to strip away at the existing confusion within the independent trading world, and simply present some of the tools and strategies that we have found useful in our own trading careers.

It is a “manifesto” (about 12,000 words) whose aim is to take a step back and give some perspective on the truth about trading for a living, and some insight into the many different ways you can profit from trading if you so choose.

This book with help to give you the necessary tools to begin on that journey, form your own opinions about what makes sense for you, and decide how you will approach the markets for yourself.

Throughout this book we will discuss topics like:


  • Resisting the urge to “throw the first punch”

  • Developing a scientific approach to our trading strategy

  • Understanding trading psychology

  • Tirelessly working at our craft



Each of these pillars enhances the others. Together, they will create a trading foundation much stronger than they would be on their own.

Throughout this book we will return to each concept several times, building on what has gone before, so that as you go, you’re creating a solid structure and the groundwork for building a trading methodology of your own.

We’ll shed light on some of the best, most effective tools available today, and give you an opportunity to get a peek into our playbook. What you build with them is up to you.

By the time you have completed this book you will have learned:


  • Specific and actionable trading (not investing) techniques you can use immediately.

  • How technical (not fundamental) analysis is used to build a weekly income stream.

  • Why mechanical (not discretionary) techniques will “keep you eating” as you learn.

  • To recognize, adopt and create your own “timeless” (and disregard transient) trading system(s).

  • The power and profitability of reactionary (not predictive) trading.



It’s a brisk read, meant as a primer for cutting through the clutter and helping you to begin forming your own opinions on how best to approach the market, and meet your personal goals.
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