Start Day Trading Now: A Quick and Easy Introduction to Making Money While Managing Your Risk

by Michael Sincere

Day trading, or intraday trading, is a method that works just like it you enter a trade involving one or more stocks (or another security) and exit the trade -- which you've only held onto for seconds, minutes, or hours -- by the end of the day. The plan is to make a trade and exit with a profit -- the sooner the better -- and still get a good night's sleep. Because uninformed traders have made mistakes in the past, many myths about day trading exist. In Start Day Trading Now , you'll learn the truth about day trading, including how much money you'll need to get started, how to choose a broker, set up a trading account, read charts, use technical indicators, place a trade, and manage your money and emotions. Interviews with professional traders are also included. Most important, Sincere thoroughly explains the benefits as well as the risks of day trading. One of the goals is to teach you how to be a better trader. This will help you learn how to trade for a lifetime, and not for just one day.

Genres: Finance, Nonfiction, Economics, Business, Money

224 pages, Kindle Edition

First published February 1, 2011

About the author

Michael Sincere (www.michaelsincere.com) is the author of a number of investment and trading books, including "Understanding Stocks 2E" (McGraw-Hill) and "Understanding Options 2E" (McGraw-Hill), each which sold over 100,000 copies each.

His two latest books are "Help Your Child Build Wealth" (Wiley) and "Mr. Sincere Teaches You How to Sell Covered Calls."

Sincere has written hundreds of columns and magazine articles on investing and trading, including a monthly column for MarketWatch, "The Long-Term Trader."

Reviews

[Grumpus · Rating 2 out of 5]

Just OK for me but I've been reading about and dabbling with this for a few years now. I would however, recommend it for beginners. Day trading is a full-time job and I have one of those. Therefore, my horizon is out a little longer making me more of a swing trader.

I found the red dot on the book cover humorous. It says, "Anyone can day trade!" I agree but anyone can but the key is to do it profitably.

I love forecasting and prediction, so I've got all my spreadsheets set up and I'm ready to give it a go. Maybe in a few years, I'll be able to change my profile location to some place tropical.

[Kali Bea Summer · Rating 3 out of 5]

So so... would only recommend to someone who hasn’t been exposed to trading and thinks it’s an easy pick up and go job; the author correctly states that it’s much more than that and does require time, experience, and education/knowledge. Just was a little pessimistic for someone that’s already been trading and looking to advance/progress techniques and knowledge.

[Chris Ferguson · Rating 3 out of 5]

I’m not an experienced day trader so take my opinion with a grain of salt.

I feel like this book is very informative but the technical jargon is difficult to follow if you’re newer to trading. I felt like the stories and advice that was explained was pretty beneficial as far as actual mindset and what to look for.

If you’re newer to trading and looking for technical advice I would find something with a little more detailed information but again, it could be that I’m just newer and not gonna pick up on it either way. At least not without more knowledge and studying.

[Anne Alega · Rating 3 out of 5]

Its okay.. good for beginners but the technical words used needs to be better explained so the readers can have a better grasp of it. I wouldn’t recommend this book for those who are already trading and looking to expand their knowledge. I remember reading this when I was just learning the ropes and found it to be helpful, but I haven’t opened it since to go back and read it as a refresher as most of the topics covered are mainly for building trading knowledge foundation..

[Hitesh · Rating 3 out of 5]

Basic primer for day trading.

Very basic. Needs to be more detailed for the rookie day trader. Did not learn anything new that I already read from a few other booksellers on the same topic.

[vivek kumar · Rating 5 out of 5]

Excellent

Excellent read. Gives basic insight and future course of action for New traders. This book can be considered as the first step in the direction of becoming a professional trader

[Ishan Panthi · Rating 1 out of 5]

What the book says : Start day trading now, anyone can trade

What it really is : Entry level book only for the Americans dumbed down to a point that a topic like "Day Trading on a Laptop" is included

[Marshall · Rating 3 out of 5]

Spends 2/3rds of the book reminding you over and over again to do your homework and use the tools, but then forgets to assign the homework and offer specific tools. The other 1/3rd is fairly useful, enough to make it worth reading, but there are probably meatier books out there.

[Med Yasine · Rating 1 out of 5]

A waste of time. Doesn't explain anything in depth and doesn't provide details.

[Chauhan Jayesh · Rating 4 out of 5]

Basic details of day trading

At start i think of skip the book but after 5th chapter it was interesting to read and connect some point on day trading thankyou

[Mi · Rating 3 out of 5]

An easy read thatdaydreaming. High level good case for the work involved to be successful at daytrading.

[Davahn Lee · Rating 4 out of 5]

Great book for entry level traders to begin learning and gaining experience in the market.

[Simple · Rating 4 out of 5]

The book is great guidance to be successful in day trading...

- Focus like a laser beam on the screen. NO distractions
- Don't enter the market with too much money and too little of knowledge.
- Don't set daily financial goals trading.
- Create a trading plan and follow RULES.

[Mike Odie · Rating 5 out of 5]

I wish I bought this $15 book long before I learned some very expensive lessons on my own!

[Becky · Rating 5 out of 5]

I learned way more from this book than I originally thought I would! Very simple terms that can be understood by those who don't know much about the stock market.

[Arthur Martiroso · Rating 4 out of 5]

Great introduction to day trading, gives you great insight and basic knowledge of the markets!

[Bhavesh · Rating 3 out of 5]

Good book to learn about chart basics and indicators.

[Louis Boonsin · Rating 5 out of 5]

Great book give you basics of daytrading

[Sara]

Great book very simple to read!