The Ultimate Beginner's Guide to Day Trading.
Day Trading QuickStart Guide smashes the myth that successful day traders are math experts, careless risk junkies, or compulsive gamblers. Using the tactics and enclosed in these chapters, you'll learn the exact skills needed to find real success while keeping your risk to an absolute bare minimum.
Author Troy Noonan is a professional full-time trader and day trading coach with over 25 years of experience. The original 'Backpack Trader', Noonan has helped thousands of students in over 100 countries become successful traders using the exact methods and strategies shared in this book.
His story, and the success stories of his students, is living proof that anyone can take advantage of the freedom (financial and otherwise) that day trading offers.
Many persons believe that day trading is risky and beyond the reach of the ordinary man. Day Trading QuickStart Guide provides a plan for would be traders to realize their dreams of unlimited income potential, creating their own schedule, owning a business without employees, inventory, or clients, and the freedom to travel and see the world.
I love the fact that the author did not just talk about day trading in a vacuum. Noonan provides real names of persons who are well known traders. It is easy for anyone to research those names and see how day trading made these persons wealthy. The author is honest with the readers, so the book is not just all sugar and spice. Troy Noonan discusses how fear, boredom, and frustration can negatively affect the outcomes of day trading.
Troy Noonan helps to transform the fearful inexperienced trader into a confident and successful trader. The analogy that the author made with learning to trade and learning to diet is brilliant. Providing the example of a day in the life of a new trader is also an excellent idea. Most new traders will be able to identify with the cycle of emotions that Herb faced in the example Noonan provided. Whether you are an aggressive and impulsive, or careful and studious day trader, there is something for you in this book.
While I am still not ready to run out and start day trading, this book has whetted my appetite. I have been thinking a lot about day trading and I will continue to do my research and use this book as a reference tool. My biggest takeaway from this book is that when you are contemplating day trading, it is not necessary to watch the market all day long. I also learned that while day trading is challenging, it is not impossible.
I recommend this book to anyone who wants to understand what it takes to become a successful day trader.
Mardene Carr is from the beautiful Island of Jamaica. She is a trained Librarian, doctoral student, blogger, journal reviewer, proofreader,and editor. She has authored several journal articles and blog posts. Mardene is also a motivational speaker and international student coach.