Advanced Techniques in Day Trading: A Practical Guide to High Probability Strategies and Methods

In Advanced Techniques in Day Trading, 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 and How to manage the trading plan.

Introduction:

In my first book, I explained the fundamentals of day trading and how day trading is different from other styles of trading and investing. In the process, I also described important trading strategies that many traders use each day. Although I sense my first book well-served many new traders, I know it left many more experienced traders looking for a more detailed guide. There was a sacrifice I had to make in writing the first book. That book was intended to be for beginners, and I had to make a choice between a detailed and very likely overwhelming guide, or a simpler guide that was aimed for the novice trader.

After much thought, I decided to review the entire day trading process, but not in significant detail. For example, I wrote about strategies and scanners, but I did not dive into the technical parameters of scanners that often leave new traders terrified and lost. I wanted to establish important and vital fundamentals and overview the most important strategies which need to be mastered. This, my second book, utilizes those fundamentals and strategies as a launching pad to explain some of the more advanced strategies and methods involved in day trading.

If you have read the first book (How to Day Trade for a Living), then Advanced Techniques in Day Trading will serve as a reminder, or a kind of refresher course on the basics, with a deeper dive into the technical. If you have not yet read How to Day Trade for a Living, I think you will find this publication’s somewhat condensed version of that basic information easy to understand as it then introduces you to more advanced techniques. To maximize your learning experiences, however, I recommend reading (and then regularly re-reading and consulting) both books. I believe you will find them to be useful guides and references at all stages of your career as a trader. And don’t just strictly study my books. There are many excellent resources out there. A successful day trader is definitely a lifelong learner.

Contents:

• The Trading Tools and Platform
• Building Your Trading Watchlist
• Support and Resistance Levels
• Price Action, Candlesticks and Trade Management
• Advanced Day Trading Strategies
• Risk and Account Management
• Conclusion and Final Words

Advanced Techniques in Day Trading: A Practical Guide to High Probability Strategies and Methods By Andrew Aziz pdf