Most people fail at day trading because they fail to educate themselves on what works and what doesn't work. Becoming a successful day trader requires solid education on what works and what doesn't work so you can double down on the former and avoid the latter.
In this book, Alex Smith provides the reader with factual information on what works and what doesn't work in the modern world of day trading. A seasoned trader, Alex shares all the knowledge necessary for any self-motivated individual to begin their journey to becoming a successful day trader. He takes the reader on an 11-chapter journey that inundates them with everything they need to know to get started and grow their trading capital.
Once again, becoming a successful day trader requires solid knowledge of what works and what doesn't work, and this provides economical access to such knowledge.
This was a well-developed and thoughtful read. The author did an amazing job of presenting the ideas and work that go into day trading as an easy-to-understand process, one that appeals to both newcomers and experienced day traders alike. The book's practicality speaks for itself, often providing exercises and tools that beginners can use to better understand the practice of day trading as a whole.
The author also does a great job of demystifying the idea of day trading and speaking to the modern uses of day trading. For many, day trading is a risky and challenging job that only the rich can truly understand. Still, the author presents the tools needed to successfully navigate this world in a way that everyday people can put this into practice for themselves. The author also emphasizes the psychological impact this job can have on people, and the tools he uses to help manage the stresses and challenges make this a memorable book to read.
The Verdict
Thoughtfully written, insightful, and engaging, author Alex Smith’s “Introduction to the Modern World of Day Trading Stocks” is a must-read guide to the complex world of day trading. The inclusion of day trading terms and their definitions, and the author's ability to simplify many of the technical aspects of this profession, make this a remarkable book.