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Day Trading: Beat the System and Make Money in Any Market Environment
All You'll Ever Need to Trade from Home
When most people hear the term "day trader," they imagine the stock market floor packed with people yelling 'Buy' and 'Sell' - or someone who went for broke and ended up just that. These days, investing isn't just for the brilliant or the desperate--it's a smart and necessary move to ensure financial wellbeing.
To the newcomer, day trading can be a confusing where do you begin, and how can you approach trading in a careful yet effective way? With Day Trading you'll get the basics,
Day Trading will let you make the most out of the free market from the comfort of your own computer.
When most people hear the term "day trader," they imagine the stock market floor packed with people yelling 'Buy' and 'Sell' - or someone who went for broke and ended up just that. These days, investing isn't just for the brilliant or the desperate--it's a smart and necessary move to ensure financial wellbeing.
To the newcomer, day trading can be a confusing where do you begin, and how can you approach trading in a careful yet effective way? With Day Trading you'll get the basics,
Day Trading will let you make the most out of the free market from the comfort of your own computer.
- GenresNonfictionFinance
214 pages, Paperback
First published April 10, 2015
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Community Reviews
Displaying 1 - 16 of 16 reviews
March 2, 2026
17.02.2026 (30 min)
"The market consists of buyers and sellers exchanging assets on a centralized exchange. By conencting supply with demand in one spot, prices become fully transparent, liquidity is greatly improved, and regulators are able to put rules in place to protect both parties." - Justin Kuepper
"The supply side of the financial market consists of publicly traded companies, which sell stock in initial public offerings (IPOs) and other offerings; commodity producers, which mine, grow or otherwise produce raw materials for sale; and other parties that put up assets (or rights to assets) for sale." - Justin Kuepper
"Market makers are responsible for creating liquidity on a day-to-day basis by buysing at the bid, sellings at the ask, and profiting from the bid/ask spread. Without market makers, it would be difficult for buyers and sellers to connect in financial markets." - Justin Kuepper
"Institutional traders consist of hedge funds, mutual funds, and other parties that buy and sell large quantities of assets for various reasons- Gives their large amount of capital, they account for the vast majority of trading volume." - Justin Kuepper
"Retail traders consist of individuals who buy and sell small quantities of assets in order to generate a profit. Although individuals used to constitute the bulk of the market, they have been eclipsed by institutional traders and are now very much the minority." - Justin Kuepper
"There are many types of financial markets, including stock markets, commodities markets, and foreign exchange markets. In addition to trading different assets, traders have access to financial derivatives, such as options and futures." - Justin Kuepper
"Some markets, like options and futures, are zero-sum markets. Other markets, like the stock market, are not zero-sum, since the market can rise consistently over time, generating profits for all. In general, gives the upward bias, it is easier and less risky to trade in positive-sum markets than to trade in zero-sum markets." - Justin Kuepper
"Many traders use price patterns and statistics to gauge the market's psychology at a give point in a time before determining the optimal times for buying or selling." - Justin Kuepper
"Trends provide the best opportunities for traders to profit, because prices are moving in a predictable direction. Most traders adhere to the saying "The trend is your friend" when trying to profit in the financial markets." - Justin Kuepper
---
18.02.2026 (24 min + 26 min + 32 min)
"The stock market provides a unique opportunity to work in a challenging job with potentially unlimited financial upside and flexible working hours, making it an attractive industry for employment as a trader or investor." - Justin Kuepper
"Day traders perceive the stock market as a vehicle for active rather than passive income. They look to make around 20% to 30% per year. Of course, relatively few day traders are actually able to consistently generate 20% to 30% returns each year." - Justin Kuepper
"There are number of advantages to day trading. One advantage is the ability to consistently take profits out of the business by trading bonuses from brokerages, and the fact that day trading can be done from anywhere in the world as long as there is an internet connection." - Justin Kuepper
"Day traders face tremendous odds when trading in the stock market, as they have to compete with some of the brightest minds in the world. Furthermore, these competitors have access to more capital and technology, therefore greater economies of scale and bigger edge." - Justin Kuepper
"Day traders must also deal with may other barriers to entry, such as the high capital requirements of some markets, relatively high commissions as a percentage of total capital, unfair slippage, and the lack of economies of scale." - Justin Kuepper
"The most important consideration before starting a career in day trading is to set the right expectations and ensure that these expectations are in line with real-life needs. New day traders often get sucked into the belief that day trading is both easy and cheap to start pursuing as a career." - Justin Kuepper
"Many myths have been perpetuated in the day trading community. One such myth has to do with the ease of making money and the lack of time commitment needed. In general, individuals would be wise to adhere to the "If it's too good to be true, it probably is" rule." - Justin Kuepper
---
19.02.2026 (53 min + 20 min)
"Psychology plays a large and underappreciated role in the life of day traders, given the many cognitive biases affecting humans in general. Of course, many of these same biases carry over into the way we behave with money." - Justin Kuepper
"Arrogance in the form of the overconfidence bias can be dangerous, since traders may engage in overtrading or placing trades that aren't well thought out. To avoid of, traders should stick to a specific set of rules when trading." - Justin Kuepper
"Rule bending can be problematic in that it places the day traders in unfamiliar territory. The fix to rule bending is simply to avoid changing the rules under any circumstances and stick to the trading plan." - Justin Kuepper
"Denial is a common and troublesome emotion experienced by many day traders, whereby they fail to acknowledge losses. The best way to avoid falling prey to this is to maintain detailed records and objectively review them every week or month." - Justin Kuepper
"Trading should be a largely nonemotional process, but the involvement of money makes this nearly impossible. As with many of these issues, the solution is to stick to a trading plan and focus on changing the plan instead of changing the trade."- Justin Kuepper
"Traders are often tempted to manipulate a trader after it has been placed against the advice of their trading rules. In many cases, these changes can prove costly and could have been easily avoided by maintaining a hands-off approach." - Justin Kuepper
"Executing trades is oftentimes the most stressful part of day trading, since money is on the line. A common way to avoid execution problems - which could lead to opportunity costs - is to automate trade execuing using a trading system." - Justin Kuepper
"Detachment is a common psychological strategy to deal with anxiety, but it can be very costly when it comes to day trading. As with many other things, the best way to avoid detachment is to automate as much of the process as possible." - Justin Kuepper
"Overtrading is a common tendency among day traders, whereby they place an excessive amount of trades due to overconfidence or trying to recoup losses, which can lead to losses and high commission costs over time." - Justin Kuepper
"Trigger trouble happens when day traders have a hard time executing trades without hesitation, which can be avoided by focussin on "following a system" rather than on profiting from each individual transaction." - Justin Kuepper
"Exiting a trade can be tricky for day traders gives the tendency to hold onto losers and sell winners quickly, when actually the best course of action is to cut losses short and let winners run in orders maximize risk - adjusted returns over time." - Justin Kuepper
"There are many other important psychological factors that come into play when day trading, but the good news is, many of them can be avoided by developing a plan and following that plan without making any impulsive changes to it." - Justin Kuepper
"There are many different types of assets for day traders to consider, but it's important to understand the mechanics, benefits, and drawbacks of these assets. Different assets have different risk profiles ans start-up requirements." - Justin Kuepper
"Stocks represent the most popular class of assets for many day traders because of their high liquidity, tight regulation, and upward bias. In general, most day traders begin their careers in the stick market and then move into other markets later on." - Justin Kuepper
"Commodities represent the second most popular class of assets for day traders, because of their high liquidity and significant volatility due to weather patterns, seasonality, and other factors. Day traders looking for greater volatility will look toward these markets for opportunities." - Justin Kuepper
"Currencies represent the single largest and most liquid market in the world, with trillions of dollars changing hands every day. While the market has limited oversight, it’s becoming increasingly popular for many day traders." - Justin Kuepper
"Bonds represent a small and growing portion of the retail day trading market that is driven by those taking advantage of government bonds. With increased volatility in recent years, the market is becoming increasingly popular among day traders." - Justin Kuepper
"CFDs are a relatively new type of derivative in the financial markets. They provide a unique risk/reward profile compared to traditional assets. Most day traders stay away from this asset class due to its lack of regulation and higher risk." - Justin Kuepper
"Capital is the single largest requirement for day traders, with at least $25,000 in starting capital required for pattern day traders in U.S. equity markets. In general, most day traders use margin to leverage their positions by up to 50%." - Justin Kuepper
"Time is the second largest requirement for day traders. While part-time day trading is a possibility, the most successful traders devote themselves full-time to the profession. Proprietary trading may also offer a path to full-time involvement for many beginners." - Justin Kuepper
"A comprehensive business plan is a great way to set expectations and think through a career decision before making the jump. These plans should include as much information as possible and take into account all possible risk factors." - Justin Kuepper
"Direct access trading accounts are ideal because they lower cost for high-volume day trading compared to traditional brokerage accounts. Execution times are also improved, since traders are interacting directly with exchanges." - Justin Kuepper
"Day traders write and follow a detailed business plan that includes how much they plan to invest and how much they anticipate making. By doing so, traders can help set the right expectations from the start and improve the odds of success over the long-term." - Justin Kuepper
"Level II quotes represent a final requirement for day traders, since they provide real-time insights into price movements. By examining these quotes, traders can discern what prices have the highest amount of volume associated with them." - Justin Kuepper
---
20.02.2026 (38 min + 24 min)
"Day traders rely on charts to provide instant insights that support their trading decisions. There are many different types of chart to consider. Bar charts and candlestick charts are the two most commonly used charts in the market." - Justin Kuepper
"Bar charts provide insight into price action that distinguishes between the open, high, low, and close, while enabling day traders to look at a greater number of periods in a single chart than crowded candlestick charts do." - Justin Kuepper
"Candlestick charts provide the greatest amount of information in a single chart, with open, high, low, close, and directional information. The chart is only useful for shorter timeframes, even though there are many different types of candlestick analysis." - Justin Kueppper
"Candlestick patterns—such as bullish engulfings or doji stars—are great tools for determining short-term entry and exit points in the context of longer-term patterns or price movements. Nonetheless, traders should always look for confirmations."- Justin Kuepper
"Day traders should familiarize themselves with the many other types of chart available in order to maximize their competitive edge, including Point & Figure Charts, Renko Charts, Heikin-Ashi Charts, and a number of others." - Justin Kuepper
---
21.02.2026 (46 min)
"Technical analysis forms the cornerstone of day trading, by providing a framework for predicting future price movements through the statistical analysis of the past. While it is not a silver bullet, technical analysis can improve the odds of success when trading." - Justin Kuepper
"Support and resistance levels are the two most important price areas to consider when day trading. Oftentimes, these levels are used to determine when to enter or exit a position, and some day traders rely on them exclusively when trading." - Justin Kuepper
"Support levels are prices where a stock tends to rebound higher. The greater the number of rebounds from the same level, the greater the strength of that support level, to which day traders may look to buy a stock ahead of a rebound." - Justin Kupper
"Resistance levels are prices where a stock tends to bounce lower. As with support levels, a greater number of rebounds lower from the price indicates greater strength for the resistance level, where day traders often look to sell or short a stock." - Justin Kupper
"Gaps occur when prices move higher or lower without any trading in-between, which forms a visible “gap” on a stock chart. In general, exhaustion gaps get filled while breakaway and continuation gaps do not, presenting a potential opportunity." - Justin Kupper
"Technical indicators and overlays are used to analyze the statistics associated with past price movements, which makes them ideal for identifying trend strength, gauging price momentum, and determining when a trend is likely to begin or end." - Justin Kupper
"Chart patterns are used to identify areas where stocks will potentially breakout higher or breakdown lower by looking at areas of support and resistance. In essence, chart patterns are indicative of the underlying market psychology at play." - Justin Kupper
"Triangle patterns arise when a stock is making consistently higher highs or lower lows with the same support or resistance level capping the moves. Day traders should watch for a breakout from the support or resistance levels as the price band narrows." - Justin Kuepper
"Head & shoulders patterns are reversal patterns that occur when a stock makes a reaction high or low, followed by a new high or low, followed by a lower reaction high or low, representing the inability of bulls or bears to maintain control over price." - Justin Kuepper
"Double tops and bottoms represent a similar psychological state whereby bulls are unable to maintain momentum with double tops, and bears are unable to maintain momentum with double bottoms." - Justin Kuepper
"Double tops and bottoms represent a similar psychological state whereby bulls are unable to maintain momentum with double tops, and bears are unable to maintain momentum with double bottoms. • Flags and pennants are short-term continuation patterns that reflect consolidation—often near a support or resistance level—before a move higher or lower. Day traders may use them as potential opportunities to buy into a trend if they missed it earlier." - Justin Kuepper
---
23.02.2026 (37 min + 93 min + 26 min)
"There are many different ways for day traders to pick stocks, depending on their trading styles and preferences. Discretionary traders often look for volatile stocks in top gainers and losers lists, while systematic traders may look at technical indicators." - Justin Kuepper
"Technical indicators and overlays provide a statistical indication of when stocks are likely to move in certain directions. They can be used in the context of a trading system to screen and identify potential opportunities for entry or exit." - Justin Kuepper
"Volume is one of the most important elements to consider when analyzing potential trading opportunities. It is often used as a confirmation that a trend is beginning or ending, or that a breakout or breakdown is likely to hold." - Justin Kuepper
"Moving averages are a diverse tool that provides day traders with insights as to where the current price lies in relation to its historic norm. In general, the bulls are in control of a market when the price is above the 200-day moving average, and vice versa." - Justin Kuepper
"Elliott Waves, Fibonacci sequences, and other sophisticated techniques exist that traders should also explore in order to find out what works best for them when it comes to identifying entry and exit points in stocks and other financial assets." - Justin Kuepper
"Day traders should have a rock-solid trading plan in place before committing any capital in order to avoid many common pitfalls, ranging from under-capitalization to the inability to determine if they’re truly making a profit." - Justin Kuepper
"The first step in developing a trading plan is determining whether discretionary or systematic trading is the best option for an individual. Discretionary traders use their own judgement, while systematic traders rely on established trading systems." - Justin Kuepper
"Day traders should have a sound money management plan in place to limit their risk and ensure the long-term viability of their business. These considerations include things ranging from position sizing to setting automatic stop-loss points." - Justin Kuepper
"Keeping records is a vital activity to ensure long-term success and adaptability to changing market conditions. Day traders should always be looking at statistics like win-loss ratios, average wins, and maximum drawdowns to evaluate their performance." - Justin Kuepper
"Money management is essential to the success of any day trading operation, since it involves both maximizing profitability and mitigating risk. Ultimately, the key question to ask is how much capital should be risked on each individual trade." - Justin Kuepper
"The amount of profit generated over time is largely dependent on the initial bankroll and the amount of risk a day trader is willing to assume. These metrics must match up with a day trader’s expectations in order for them to be successful." - Justin Kuepper
"Capital preservation is just as important as generating a profit, since money lost must be recouped in order for a profit to be made. By locking in profits and establishing strict money management techniques, traders can effectively preserve capital." - Justin Kuepper
---
24.02.2026 (20 min)
"The most difficult step in establishing a trading plan is developing a trading strategy that’s capable of generating consistent profit over time. Traders should carefully backtest and paper-trade their strategies to ensure their durability." - Justin Kuepper
"The market consists of buyers and sellers exchanging assets on a centralized exchange. By conencting supply with demand in one spot, prices become fully transparent, liquidity is greatly improved, and regulators are able to put rules in place to protect both parties." - Justin Kuepper
"The supply side of the financial market consists of publicly traded companies, which sell stock in initial public offerings (IPOs) and other offerings; commodity producers, which mine, grow or otherwise produce raw materials for sale; and other parties that put up assets (or rights to assets) for sale." - Justin Kuepper
"Market makers are responsible for creating liquidity on a day-to-day basis by buysing at the bid, sellings at the ask, and profiting from the bid/ask spread. Without market makers, it would be difficult for buyers and sellers to connect in financial markets." - Justin Kuepper
"Institutional traders consist of hedge funds, mutual funds, and other parties that buy and sell large quantities of assets for various reasons- Gives their large amount of capital, they account for the vast majority of trading volume." - Justin Kuepper
"Retail traders consist of individuals who buy and sell small quantities of assets in order to generate a profit. Although individuals used to constitute the bulk of the market, they have been eclipsed by institutional traders and are now very much the minority." - Justin Kuepper
"There are many types of financial markets, including stock markets, commodities markets, and foreign exchange markets. In addition to trading different assets, traders have access to financial derivatives, such as options and futures." - Justin Kuepper
"Some markets, like options and futures, are zero-sum markets. Other markets, like the stock market, are not zero-sum, since the market can rise consistently over time, generating profits for all. In general, gives the upward bias, it is easier and less risky to trade in positive-sum markets than to trade in zero-sum markets." - Justin Kuepper
"Many traders use price patterns and statistics to gauge the market's psychology at a give point in a time before determining the optimal times for buying or selling." - Justin Kuepper
"Trends provide the best opportunities for traders to profit, because prices are moving in a predictable direction. Most traders adhere to the saying "The trend is your friend" when trying to profit in the financial markets." - Justin Kuepper
---
18.02.2026 (24 min + 26 min + 32 min)
"The stock market provides a unique opportunity to work in a challenging job with potentially unlimited financial upside and flexible working hours, making it an attractive industry for employment as a trader or investor." - Justin Kuepper
"Day traders perceive the stock market as a vehicle for active rather than passive income. They look to make around 20% to 30% per year. Of course, relatively few day traders are actually able to consistently generate 20% to 30% returns each year." - Justin Kuepper
"There are number of advantages to day trading. One advantage is the ability to consistently take profits out of the business by trading bonuses from brokerages, and the fact that day trading can be done from anywhere in the world as long as there is an internet connection." - Justin Kuepper
"Day traders face tremendous odds when trading in the stock market, as they have to compete with some of the brightest minds in the world. Furthermore, these competitors have access to more capital and technology, therefore greater economies of scale and bigger edge." - Justin Kuepper
"Day traders must also deal with may other barriers to entry, such as the high capital requirements of some markets, relatively high commissions as a percentage of total capital, unfair slippage, and the lack of economies of scale." - Justin Kuepper
"The most important consideration before starting a career in day trading is to set the right expectations and ensure that these expectations are in line with real-life needs. New day traders often get sucked into the belief that day trading is both easy and cheap to start pursuing as a career." - Justin Kuepper
"Many myths have been perpetuated in the day trading community. One such myth has to do with the ease of making money and the lack of time commitment needed. In general, individuals would be wise to adhere to the "If it's too good to be true, it probably is" rule." - Justin Kuepper
---
19.02.2026 (53 min + 20 min)
"Psychology plays a large and underappreciated role in the life of day traders, given the many cognitive biases affecting humans in general. Of course, many of these same biases carry over into the way we behave with money." - Justin Kuepper
"Arrogance in the form of the overconfidence bias can be dangerous, since traders may engage in overtrading or placing trades that aren't well thought out. To avoid of, traders should stick to a specific set of rules when trading." - Justin Kuepper
"Rule bending can be problematic in that it places the day traders in unfamiliar territory. The fix to rule bending is simply to avoid changing the rules under any circumstances and stick to the trading plan." - Justin Kuepper
"Denial is a common and troublesome emotion experienced by many day traders, whereby they fail to acknowledge losses. The best way to avoid falling prey to this is to maintain detailed records and objectively review them every week or month." - Justin Kuepper
"Trading should be a largely nonemotional process, but the involvement of money makes this nearly impossible. As with many of these issues, the solution is to stick to a trading plan and focus on changing the plan instead of changing the trade."- Justin Kuepper
"Traders are often tempted to manipulate a trader after it has been placed against the advice of their trading rules. In many cases, these changes can prove costly and could have been easily avoided by maintaining a hands-off approach." - Justin Kuepper
"Executing trades is oftentimes the most stressful part of day trading, since money is on the line. A common way to avoid execution problems - which could lead to opportunity costs - is to automate trade execuing using a trading system." - Justin Kuepper
"Detachment is a common psychological strategy to deal with anxiety, but it can be very costly when it comes to day trading. As with many other things, the best way to avoid detachment is to automate as much of the process as possible." - Justin Kuepper
"Overtrading is a common tendency among day traders, whereby they place an excessive amount of trades due to overconfidence or trying to recoup losses, which can lead to losses and high commission costs over time." - Justin Kuepper
"Trigger trouble happens when day traders have a hard time executing trades without hesitation, which can be avoided by focussin on "following a system" rather than on profiting from each individual transaction." - Justin Kuepper
"Exiting a trade can be tricky for day traders gives the tendency to hold onto losers and sell winners quickly, when actually the best course of action is to cut losses short and let winners run in orders maximize risk - adjusted returns over time." - Justin Kuepper
"There are many other important psychological factors that come into play when day trading, but the good news is, many of them can be avoided by developing a plan and following that plan without making any impulsive changes to it." - Justin Kuepper
"There are many different types of assets for day traders to consider, but it's important to understand the mechanics, benefits, and drawbacks of these assets. Different assets have different risk profiles ans start-up requirements." - Justin Kuepper
"Stocks represent the most popular class of assets for many day traders because of their high liquidity, tight regulation, and upward bias. In general, most day traders begin their careers in the stick market and then move into other markets later on." - Justin Kuepper
"Commodities represent the second most popular class of assets for day traders, because of their high liquidity and significant volatility due to weather patterns, seasonality, and other factors. Day traders looking for greater volatility will look toward these markets for opportunities." - Justin Kuepper
"Currencies represent the single largest and most liquid market in the world, with trillions of dollars changing hands every day. While the market has limited oversight, it’s becoming increasingly popular for many day traders." - Justin Kuepper
"Bonds represent a small and growing portion of the retail day trading market that is driven by those taking advantage of government bonds. With increased volatility in recent years, the market is becoming increasingly popular among day traders." - Justin Kuepper
"CFDs are a relatively new type of derivative in the financial markets. They provide a unique risk/reward profile compared to traditional assets. Most day traders stay away from this asset class due to its lack of regulation and higher risk." - Justin Kuepper
"Capital is the single largest requirement for day traders, with at least $25,000 in starting capital required for pattern day traders in U.S. equity markets. In general, most day traders use margin to leverage their positions by up to 50%." - Justin Kuepper
"Time is the second largest requirement for day traders. While part-time day trading is a possibility, the most successful traders devote themselves full-time to the profession. Proprietary trading may also offer a path to full-time involvement for many beginners." - Justin Kuepper
"A comprehensive business plan is a great way to set expectations and think through a career decision before making the jump. These plans should include as much information as possible and take into account all possible risk factors." - Justin Kuepper
"Direct access trading accounts are ideal because they lower cost for high-volume day trading compared to traditional brokerage accounts. Execution times are also improved, since traders are interacting directly with exchanges." - Justin Kuepper
"Day traders write and follow a detailed business plan that includes how much they plan to invest and how much they anticipate making. By doing so, traders can help set the right expectations from the start and improve the odds of success over the long-term." - Justin Kuepper
"Level II quotes represent a final requirement for day traders, since they provide real-time insights into price movements. By examining these quotes, traders can discern what prices have the highest amount of volume associated with them." - Justin Kuepper
---
20.02.2026 (38 min + 24 min)
"Day traders rely on charts to provide instant insights that support their trading decisions. There are many different types of chart to consider. Bar charts and candlestick charts are the two most commonly used charts in the market." - Justin Kuepper
"Bar charts provide insight into price action that distinguishes between the open, high, low, and close, while enabling day traders to look at a greater number of periods in a single chart than crowded candlestick charts do." - Justin Kuepper
"Candlestick charts provide the greatest amount of information in a single chart, with open, high, low, close, and directional information. The chart is only useful for shorter timeframes, even though there are many different types of candlestick analysis." - Justin Kueppper
"Candlestick patterns—such as bullish engulfings or doji stars—are great tools for determining short-term entry and exit points in the context of longer-term patterns or price movements. Nonetheless, traders should always look for confirmations."- Justin Kuepper
"Day traders should familiarize themselves with the many other types of chart available in order to maximize their competitive edge, including Point & Figure Charts, Renko Charts, Heikin-Ashi Charts, and a number of others." - Justin Kuepper
---
21.02.2026 (46 min)
"Technical analysis forms the cornerstone of day trading, by providing a framework for predicting future price movements through the statistical analysis of the past. While it is not a silver bullet, technical analysis can improve the odds of success when trading." - Justin Kuepper
"Support and resistance levels are the two most important price areas to consider when day trading. Oftentimes, these levels are used to determine when to enter or exit a position, and some day traders rely on them exclusively when trading." - Justin Kuepper
"Support levels are prices where a stock tends to rebound higher. The greater the number of rebounds from the same level, the greater the strength of that support level, to which day traders may look to buy a stock ahead of a rebound." - Justin Kupper
"Resistance levels are prices where a stock tends to bounce lower. As with support levels, a greater number of rebounds lower from the price indicates greater strength for the resistance level, where day traders often look to sell or short a stock." - Justin Kupper
"Gaps occur when prices move higher or lower without any trading in-between, which forms a visible “gap” on a stock chart. In general, exhaustion gaps get filled while breakaway and continuation gaps do not, presenting a potential opportunity." - Justin Kupper
"Technical indicators and overlays are used to analyze the statistics associated with past price movements, which makes them ideal for identifying trend strength, gauging price momentum, and determining when a trend is likely to begin or end." - Justin Kupper
"Chart patterns are used to identify areas where stocks will potentially breakout higher or breakdown lower by looking at areas of support and resistance. In essence, chart patterns are indicative of the underlying market psychology at play." - Justin Kupper
"Triangle patterns arise when a stock is making consistently higher highs or lower lows with the same support or resistance level capping the moves. Day traders should watch for a breakout from the support or resistance levels as the price band narrows." - Justin Kuepper
"Head & shoulders patterns are reversal patterns that occur when a stock makes a reaction high or low, followed by a new high or low, followed by a lower reaction high or low, representing the inability of bulls or bears to maintain control over price." - Justin Kuepper
"Double tops and bottoms represent a similar psychological state whereby bulls are unable to maintain momentum with double tops, and bears are unable to maintain momentum with double bottoms." - Justin Kuepper
"Double tops and bottoms represent a similar psychological state whereby bulls are unable to maintain momentum with double tops, and bears are unable to maintain momentum with double bottoms. • Flags and pennants are short-term continuation patterns that reflect consolidation—often near a support or resistance level—before a move higher or lower. Day traders may use them as potential opportunities to buy into a trend if they missed it earlier." - Justin Kuepper
---
23.02.2026 (37 min + 93 min + 26 min)
"There are many different ways for day traders to pick stocks, depending on their trading styles and preferences. Discretionary traders often look for volatile stocks in top gainers and losers lists, while systematic traders may look at technical indicators." - Justin Kuepper
"Technical indicators and overlays provide a statistical indication of when stocks are likely to move in certain directions. They can be used in the context of a trading system to screen and identify potential opportunities for entry or exit." - Justin Kuepper
"Volume is one of the most important elements to consider when analyzing potential trading opportunities. It is often used as a confirmation that a trend is beginning or ending, or that a breakout or breakdown is likely to hold." - Justin Kuepper
"Moving averages are a diverse tool that provides day traders with insights as to where the current price lies in relation to its historic norm. In general, the bulls are in control of a market when the price is above the 200-day moving average, and vice versa." - Justin Kuepper
"Elliott Waves, Fibonacci sequences, and other sophisticated techniques exist that traders should also explore in order to find out what works best for them when it comes to identifying entry and exit points in stocks and other financial assets." - Justin Kuepper
"Day traders should have a rock-solid trading plan in place before committing any capital in order to avoid many common pitfalls, ranging from under-capitalization to the inability to determine if they’re truly making a profit." - Justin Kuepper
"The first step in developing a trading plan is determining whether discretionary or systematic trading is the best option for an individual. Discretionary traders use their own judgement, while systematic traders rely on established trading systems." - Justin Kuepper
"Day traders should have a sound money management plan in place to limit their risk and ensure the long-term viability of their business. These considerations include things ranging from position sizing to setting automatic stop-loss points." - Justin Kuepper
"Keeping records is a vital activity to ensure long-term success and adaptability to changing market conditions. Day traders should always be looking at statistics like win-loss ratios, average wins, and maximum drawdowns to evaluate their performance." - Justin Kuepper
"Money management is essential to the success of any day trading operation, since it involves both maximizing profitability and mitigating risk. Ultimately, the key question to ask is how much capital should be risked on each individual trade." - Justin Kuepper
"The amount of profit generated over time is largely dependent on the initial bankroll and the amount of risk a day trader is willing to assume. These metrics must match up with a day trader’s expectations in order for them to be successful." - Justin Kuepper
"Capital preservation is just as important as generating a profit, since money lost must be recouped in order for a profit to be made. By locking in profits and establishing strict money management techniques, traders can effectively preserve capital." - Justin Kuepper
---
24.02.2026 (20 min)
"The most difficult step in establishing a trading plan is developing a trading strategy that’s capable of generating consistent profit over time. Traders should carefully backtest and paper-trade their strategies to ensure their durability." - Justin Kuepper
This entire review has been hidden because of spoilers.
May 18, 2017
This was a very comprehensive manual on the subject matter. It did a great job of portraying how difficult it is to successfully participate in a system that is largely rigged for the major players. It was ultra complex and somewhat repetitive in some sections and that kept me from rating it higher. I would give it 4 stars for scope and reach and 3 stars for execution.
February 8, 2019
1. The formatting was laid out very well. I enjoy non-fictional books that mildly organized like blog posts.
2. The content was on the mark and very helpful.
3. I enjoyed how the first third of the book was dedicated to shifting your mindset to the realities of what day trading really is. It seems easier to lay seeds on a foundation that is prepped well.
2. The content was on the mark and very helpful.
3. I enjoyed how the first third of the book was dedicated to shifting your mindset to the realities of what day trading really is. It seems easier to lay seeds on a foundation that is prepped well.
August 7, 2021
Good ready for the brand new trader!
This is the perfect book for the potential trader who knows very little about the market, as well as a good reminder for those that need to remember the psychology and risk involved in day trading. Not a lot of meet for anyone seeking definitive information on indicators or strategy.
This is the perfect book for the potential trader who knows very little about the market, as well as a good reminder for those that need to remember the psychology and risk involved in day trading. Not a lot of meet for anyone seeking definitive information on indicators or strategy.
November 7, 2018
Good but lots of common sense you'd already knew if you read other trader's books.
September 6, 2019
Won't make you money, but likely will lose you money. I am a successful day trader. I don't do the things that I have read in these books.
January 17, 2023
Easy to read. High-level I troduction to concepts sith a few tips to get started and spring board. Fine.
December 30, 2023
Ok but pretty basic. No new concepts nut perhaps a different was of looking at things.
August 17, 2025
Very informative! I would have to read it again!
January 6, 2024
Pretty good overview of day trading, with lots of discussion of the psychology needed, as well as things to look for.
August 8, 2020
繼前一本不屑技術分析的投資最重要的事
這次改看這本不太提基本面分析的書
本書提到
散戶對比機構投資人的劣勢、簡介各種投資標的、技術分析在用的線&圖等等
算是對新手友善的書籍
作者提到移動平均線會有些自我應驗預言的現象
就我的理解，技術分析大致上算是群體心理及行為的統計結果論吧，跟風水有點像
有一堆人在上面套牢，在漲上去的時候這些人會開始賣，導致股價跌一點回來——簡稱為壓力
在不太受控的馬車、牛車橫行的時代，道路延伸正對的住宅出事率比路邊的高——簡稱為路沖
就這觀點來看，技術分析的部分內容我可以相信
像是 Fibonacci retracement 之類猜不透道理的還是看過就算了
有部分內容多次重複
有的名詞前面提及，後續章節才解釋（或不解釋）
算是本書的缺點吧
--
day trading 當日沖銷/當沖
forex market → foreign exchange market 外匯市場/匯市
contract for difference 價差契約/差價合約/…
market maker 造市者
stop-loss point 停損點
take-profit point 停利點
economies of scale 規模經濟
technical analysis 技術分析/技術面分析
fundamental analysis 基本分析/基本面分析
trading volume 成交量/交易量
margin call 保證金追繳
margin account 保證金帳戶/保證金專戶/信用帳戶
moving average 移動平均(線)
＿﹎﹎﹎ ／
＼／＼／ breakout
﹉﹉﹉﹉
breakdown breakout的相反詞
opening price 開盤價
closing price 收盤價
candlestick chart K線圖
short-selling 放空/作空
market order 市價單
limit order 限價單
backtesting 回測
relative strength index (RSI) 相對強弱指標/相對強弱指數
limit order 限價單
market order 市價單
Fill or Kill (FOK) 全部成交或取消
Immediate or Cancel (IOC) 立即成交或取消
buy low, sell high 低買高賣
catch a falling knife 接刀
dead cat bounce 死貓跳
這次改看這本不太提基本面分析的書
本書提到
散戶對比機構投資人的劣勢、簡介各種投資標的、技術分析在用的線&圖等等
算是對新手友善的書籍
作者提到移動平均線會有些自我應驗預言的現象
就我的理解，技術分析大致上算是群體心理及行為的統計結果論吧，跟風水有點像
有一堆人在上面套牢，在漲上去的時候這些人會開始賣，導致股價跌一點回來——簡稱為壓力
在不太受控的馬車、牛車橫行的時代，道路延伸正對的住宅出事率比路邊的高——簡稱為路沖
就這觀點來看，技術分析的部分內容我可以相信
像是 Fibonacci retracement 之類猜不透道理的還是看過就算了
有部分內容多次重複
有的名詞前面提及，後續章節才解釋（或不解釋）
算是本書的缺點吧
--
day trading 當日沖銷/當沖
forex market → foreign exchange market 外匯市場/匯市
contract for difference 價差契約/差價合約/…
market maker 造市者
stop-loss point 停損點
take-profit point 停利點
economies of scale 規模經濟
technical analysis 技術分析/技術面分析
fundamental analysis 基本分析/基本面分析
trading volume 成交量/交易量
margin call 保證金追繳
margin account 保證金帳戶/保證金專戶/信用帳戶
moving average 移動平均(線)
＿﹎﹎﹎ ／
＼／＼／ breakout
﹉﹉﹉﹉
breakdown breakout的相反詞
opening price 開盤價
closing price 收盤價
candlestick chart K線圖
short-selling 放空/作空
market order 市價單
limit order 限價單
backtesting 回測
relative strength index (RSI) 相對強弱指標/相對強弱指數
limit order 限價單
market order 市價單
Fill or Kill (FOK) 全部成交或取消
Immediate or Cancel (IOC) 立即成交或取消
buy low, sell high 低買高賣
catch a falling knife 接刀
dead cat bounce 死貓跳
April 22, 2015
Day trading 101
I found this book on day trading to be overwhelming with information. I did like how it goes explained everything I needed to know on the subject especially considering I am a newbie to the topic. My husband has been interested in stocks and trading for some time now so it was a good read to get some info on the subject. The first half of the book is an education. Then to me it got pretty dry talking about stats and graphs and making trading plans. The good thing however is each chapter has a small summary to bring you back to the main points especially if you find the book overwhelming like I did. I recommend this book to anyone serious about getting into day trading. They say in the book several times how much of a gamble it is and how you should consider it a full time job. Not really for me but I still feel extra educated on the subject. I received this book at some promotional price in exchange for my honest and unbiased review.
I found this book on day trading to be overwhelming with information. I did like how it goes explained everything I needed to know on the subject especially considering I am a newbie to the topic. My husband has been interested in stocks and trading for some time now so it was a good read to get some info on the subject. The first half of the book is an education. Then to me it got pretty dry talking about stats and graphs and making trading plans. The good thing however is each chapter has a small summary to bring you back to the main points especially if you find the book overwhelming like I did. I recommend this book to anyone serious about getting into day trading. They say in the book several times how much of a gamble it is and how you should consider it a full time job. Not really for me but I still feel extra educated on the subject. I received this book at some promotional price in exchange for my honest and unbiased review.
May 1, 2015
not really around my ally.
I'm not saying it's a bad book nor am I saying it's a good book but for me honestly it was very hard to understand since I'm not that at all interested in any sort of trading. I did read through a few chapters and skimmed the rest. It was very confusing and I did have to re-read and ask questions. After reading through some of the reviews on people whom actually understand and are interested I would say it's a good book. The author clearly knows what he's talking about. I on the other hand don't. If your interested in any sort of tradr, earning money, etc. this is definitely your book.
***I received this book in return for my honest and unbiased opinions that's solely my own***
I'm not saying it's a bad book nor am I saying it's a good book but for me honestly it was very hard to understand since I'm not that at all interested in any sort of trading. I did read through a few chapters and skimmed the rest. It was very confusing and I did have to re-read and ask questions. After reading through some of the reviews on people whom actually understand and are interested I would say it's a good book. The author clearly knows what he's talking about. I on the other hand don't. If your interested in any sort of tradr, earning money, etc. this is definitely your book.
***I received this book in return for my honest and unbiased opinions that's solely my own***
June 12, 2015
I found this book on day trading to be overwhelming with information. I did like how it goes explained everything I needed to know on the subject especially considering I am a newbie to the topic. The first half of the book is an education. Then to me it got pretty dry talking about stats and graphs and making trading plans. The good thing however is each chapter has a small summary to bring you back to the main points especially if you find the book overwhelming like I did.
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DISCLOSURE
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I received this product for free in exchange for an honest, unbiased review.
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DISCLOSURE
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I received this product for free in exchange for an honest, unbiased review.
December 30, 2016
Execellent. Should re-read and take notes.
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