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How to Day Trade

The Plain Truth
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( 278 ratings, 18 reviews)
Book Hero Magic crafted this summary to help describe this book. While it's new and still learning, it may not be perfect - your feedback is welcome! Summary
How to Day Trade by Ross Cameron is a comprehensive guide that introduces novice traders to the fast-paced world of day trading. It covers essential concepts and strategies, including risk management and market analysis, to build a solid foundation. The book aims to empower readers with the skills to make informed trading decisions while managing potential risks effectively.
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Format: Paperback / softback
$5100

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Book Hero Magic created this recommendation. While it's new and still learning, it may not be perfect - your feedback is welcome! IS THIS YOUR NEXT READ?

This book may appeal to you if you're keen on diving into the fast-paced world of day trading and mastering practical strategies for success in the stock market. You'll enjoy this if you appreciate guidance from an experienced trader who offers insights into risk management and tools essential for traders looking to maximize their profits and refine their skills.

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Book Hero Magic formatted this description to make it easier to read. While it's new and still learning, it may not be perfect - your feedback is welcome! Description

How to Day Trade: The Plain Truth is a book of straight talk about what it really takes to become a day trader, and how to learn what you need to know.

Do you think you know what day trading is really about? If so, where did you get your information? Social media is full of people claiming that they made a killing on a stock. Just as many people will warn you to stay away from day trading because they lost everything on some "sure thing" that went bad in a hurry.

So what should you believe? How to Day Trade: The Plain Truth is the first book to talk candidly and in detail about how to become a day trader. It's written by me, Ross Cameron, the guy who turned $583 into more than $10 million. Though my results are not typical, they are fully verified and audited. I also have over one million subscribers who tune into my YouTube channel to watch me trade. They see both my winning trades and my losing ones. Yes, even I have days where I lose money. That's just the reality, and that's what I want to share with you.

This book is unique among day trading books in three ways:

First, it's written by someone with documented success from more than 20,000 trades. Sure, there are lots of people on social media calling themselves "day traders" who will try to impress you with one amazing trade. Insider tip: You should only be impressed if they offer you an independently audited record of ALL their trades: the winning ones AND the losing ones.

Second, of all the books for day traders, this one is unique: I clear away a lot of "head trash" that comes from social media, friends, and family who may have opinions but no real facts or deep experience with day trading. It addresses questions and opinions that most people have about day trading, like:

  • "If it is possible to day trade profitably, why haven't the giant trading firms taken it over and monopolised it by this point?"
  • "If it's possible for regular people to make consistent money by day trading, then why isn't everyone doing it?"
  • "Day trading is gambling. Nothing more, nothing less."
  • "What role does luck have in day trading?"
  • "I have a hard time believing that you will tell me exactly the methods you use to trade. If you did that, wouldn't you lose your competitive edge?"
  • "I'm a gamer who's incredibly fast with the keyboard. Why can't I skip all the concepts and learning, and simply follow you as you trade?"

You will get specific, honest answers to all of these questions and more.

The third thing that makes this book unique is I have identified 20 specific "guardrails" over my many years of trading. These are rules I follow, plus some I wish I knew when I was starting out. They are incredibly useful to keep in mind during the heat of tradingβ€”and it does get hot.

If you're looking for day trading books for beginners, this is the book to get. Plus, if you feel like you're not a beginner but your day trading is going nowhere, this could be the book to have in order to get you back on track.

As important as charts and financial ratios are, those things come later. If you're thinking about day trading for a living, what you need to know first is whether day trading fits your personality, and how to avoid the biggest myths and mistakes that will cost you time and money.

Real day trading is not anything like what you see on social media. After you read this book, you'll know why. You'll also have a solid roadmap of day trading strategies to take, if you decide to explore this amazing profession.

Book Details

INFORMATION

ISBN: 9798218216979

Publisher: Warrior Trading

Format: Paperback / softback

Date Published: 24 November 2023

Imprint: Warrior Trading

Audience: General / adult

DIMENSIONS

Spine width: 15.0mm

Width: 152.0mm

Height: 229.0mm

Weight: 299g

Pages: 218

About the Author

Ross Cameron is a full-time day trader and founder of WarriorTrading.com. Some people are groomed from a young age to be in the investment business, but that was not the case with Ross. His mother and father were not Wall Street investment bankers. Ross grew up in Vermont and at different times thought that he might become a ceramics teacher or an architect. When Ross's father died, he was left with a modest inheritance. At first Ross had "professionals" invest that money. But he soon discovered that they cost much more than they were worth. Could he do better himself? He decided to find out, and he dived into day trading. Long story short, Ross had periods when his trading was profitable. He also made just about every mistake in the book. After a tough losing streak, when his back was against the wall-with one last chance to make day trading his profession-Ross analyzed what he did differently when he was profitable versus when he lost money. That led to a set of "guardrails" or rules that he used to gradually get better at day trading. After Ross had achieved some success at day trading, he sometimes would hear other traders say: "Yeah, well I didn't start out with an inheritance. I wonder how you'd do if you started from scratch." Ross decided to find out. He opened a day trading account with $583 and grew it to $100,000 in 44 days. His account reached $1 million in 28 months. All told, that account has grown to more than $10 million, and those results are audited. Ross has a YouTube channel with more than a million followers. What you'll notice when watching him or reading his book is he talks to you straight: no promotion and no boasting. If you want straight talk about what it really takes to become a day trader, you've come to the right place.

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