A master class on making money in day trading by one of India’s most famous traders In his trademark blunt style, and laced with wry throwaway humour, Ashwani Gujral cuts through the clutter and awe surrounding day trading, sharply zeroing in on the skills, methods and abilities which spell success in this most challenging and rewarding of endeavours. This book reveals Ashwani’s time-tested and practical day trading strategies & systems which are easy to understand and The 3Ms of trading success — method, money management & mind-set The technical pillars — moving averages, pivots & exceptional candles Profitable trade entry, trade management & exit tactics How to trade the morning range, trends, gaps, & sideways markets How to add the catalyst of big news events to power your trades How to avoid — and profit from — market traps How to harness the explosive power of multiple trading tools working in tandem Money management — position size & risk management How to master your mind in order to vanquish the market The daily discipline of a successful day trader. Packed with 200 real market examples & charts, this book shows you how to approach the market every single trading day like a winner, equipped with appropriate technical expertise and supreme self-confidence. ABOUT THE AUTHOR Ashwani Gujral is one of India’s most famous market analysts & trading experts. He is the Chief Market Strategist and Fund Manager of ashwanigujral.com and a regular market commentator including on CNBC TV18 business channel. He has written on trading & technical analysis for leading US specialist magazines and journals, including The Active Trader, Stock Futures and Options, Futures, Trader’s Source and Technical Analysis of Stocks and Commodities. Ashwani has been a full time trader of stocks and derivatives since 1995. His activities include running a technical analysis plus trading chatroom and newsletter. This is his third book.
This is very basic book which is good for begginers, this will help you understand basic techniques of daily trading. The reason why I have rated 3 stars is, it only helps you understand what the trading platform is, but you can't make money just by reading books and applying techniques as per author, it just gives a glimpse of trading for beginners. Author says you can make money in daily trades if followed techniques, and by being disciplined throughout the trading hours, it might work in books but in reality daily trades doesn't help to make money, and can't maintain consistency, soon you will lose entire capital despite being disciplined and following techniques. So this is d book helps you understand what d trading platform is in basic, that's it. Just think logically, if anyone wud have been making money with consistency in daily trades, they wud have richest person in INDIA.
Disclaimer: I have very little experience in Intraday trading as of writing this review. Hence, I will not comment on the effectiveness of the techniques mentioned in this book.
The book, I felt, lies in the sweet spot for those who have preliminary knowledge about market jargons, but have no clue as to how to go about day trading. It will help you grasp the basics of technical analysis, and develop an eye for understanding trends and ranges in charts, all the while, emphasizing on the simplicity of the process. The author writes with a certain amount of flair, inspired by bollywood masala, which, seemingly overly casual, is fun to read without compromising on any technical quality.
In short, if you are new to trading, and want to know how to get started on D-Street, I highly recommend this book.
The book is good for beginners. Won't take you through lessons in expertise. But does a good job for the novice like me who want to understand the fundamentals of intraday trading. What works for him may eventually work for us too if we follow the approach that he suggests. Most important part is we keep on upgrading ourselves, that's what he focuses on in this book.
A book for dummies covering some vital and must-read information about intraday trading. I found some chapters to be really easy to comprehend, while certain chapters need to be read twice or thrice to be understood. The book is more like a reference material rather than a one time read.
I really learnt a lot about intraday trading from this book & how to manage the risk and all stuff. I think I may read it again some time later after gaining some more insights of market. But this book is for everyone who is starting with intraday or thinking about it.
Very good book for beginners and intermediates on intraday trading. Covers many examples through charts, witty one-liners and dialogues and pictures from famous Bollywood movies.
R.I.P Mr. Ashwani Gujral, who was deeply and passionately involved in trading the markets.
I found it extremely good as it covers moss of the aspect a trader should follow in the market be it the mindset, the strategy, emotional control and loss control. Must read
It was really a step by step guide with precautions while to become successful trader. Thanks a lot for this wonderful book.waiting for your book soon.