Day Trading for Beginners: The Psychology of Day Trading for Beginners

Narrated by: Derik Hendrickson
Length: 3 hrs and 27 mins
4.9 out of 5 stars (101 ratings)

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Publisher's Summary

Day Trading for Beginners: The Psychology of Day Trading for Beginners

Is day trading something you want to benefit from? In this minefield niche, you need the right advice on getting started so that you don’t waste your time or lose your money.

You’ve heard of that guy up north who made a small fortune after day trading for a couple of weeks. These stories have been floating around forever! This guide is not a get-rich-quick scam. It’s going to orientate you on the serious business of making money with day trading.

In Day Trading for Beginners, I carefully comb through the fine print of starting out as a day trader. You need to be equipped with the right mind-set, tools, and techniques so that from day one you’re fully invested and trading with purpose. That’s the only way you’ll come out on top.

In this introductory guide you’ll learn:

  • If day trading is for you and what it takes to be a successful day trader
  • Actionable tips to avoid common day trading mistakes and miscalculations
  • The tools and plans you’ll need to achieve your first daily target
  • To study order types and how to work with momentum trading
  • The A-Z of investing, trading and earning in this niche
  • To look at risk analysis and apply simple tips for ongoing success
     

Understand the psychology of day trading, to make an educated decision about shifting your resources to become a serious day trader.

Begin your day trading journey and earn more money doing less work every single day. The dream is within reach! All you have to do is start today. 

Become the day trader you’ve always wanted to be with this guide. Buy the book and learn how!

©2019 Tribe Metrics, LLC (P)2019 Tribe Metrics, LLC

What listeners say about Day Trading for Beginners: The Psychology of Day Trading for Beginners

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Complete Novice

The learning curve is brutal, but after the first few weeks, I’m trading profitably about half the time. And the times I”m loosing, my losses are small in comparison to my wins.

1 person found this helpful

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Very Good Introduction To Trading

his book is not designed to be a comprehensive study into the science of daytrading. Rather, it provides the interested student with the essential fundamentals.

1 person found this helpful

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Good book.

Day Trading is also referred to as Short Trading. Day Traders trade in any marketplace; however, trading is most common in the foreign market (forex) and the stock market. Another way day traders trade that is popular is called fading the gap at the open.

1 person found this helpful

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Great!

This book will uncover to you how to start, how to benefit, how to refrain from losing money, and a lot of the particular information you'll require.

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An excellent read!

This is one of the extraordinary books to have strong fundamental learning on day trading.

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So helpful

I really like how Andrew keeps it really simple yet touches on so many important factors especially which strategies to focus on for the three different blocks of time during trading hours.

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One of the best investments I’ve made in my tradin

his is by far the best book out there for anyone wanting to learn how to day trade. It’s an easy read with lots of helpful information to give you a basic understanding of how to get started.

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I know Kung Fu!

The author wrote it for beginners, hence many of the discussions are brief, easy to read, but quite powerful.

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Highly recommend

I highly recommend you start with, and I have recommended this book and the BearBullTraders community to all my friends.

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Lovely book.

The book walks you through real setups, real trades, with detailed charts and explanations that tie the actions that Andrew has taken on these trades to the strategies, risk management and trade management that he teaches in the book.

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  • Heles Alen
  • 07-29-20

Excellent book. Good read and a good reference to

Excellent book. Good read and a good reference to return to when and if you decide to begin trading. I recommend buying another book or two that also touches on the all important psychology of trading,

1 person found this helpful

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  • bolt
  • 07-29-20

I can't think of a better book to introduce someon

Awesome book! I originally started this when I was working in the trading industry to help me understand it better.

1 person found this helpful

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  • Alec Jonson
  • 07-29-20

This is an excellent starting point for someone ne

he information is clear, concise, and well presented. Very little fluff with a lot of good information on how to read charts, candlesticks, trends, and patterns.

1 person found this helpful

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  • Watson
  • 07-31-20

Worth the read

In the beginning of this book, the author talks a bit about the rewards of day trading, and why so many people pursue it. Successful day traders can work from home, make a very decent income, take time off when they want to, work from anywhere in the world with an internet connection. You have no boss to answer to; you’re basically your own CEO. I learned from this book that a successful trader who has acquired the necessary trading skills, strategies, tactics, money management, discipline and psychology can sometimes make between $500 to $1,000 per day, on average. That’s a lot of money. It translates into $120,000 to $240,000 per year, before taxes (assuming on average 20 trading days per month). The author mentions how he knows traders who consistently make $2,000 or more per trading day; but he does not hold himself out to be in that category. In fact, he admits to having lost money, and he still has losing days or streaks of losing days, but on average he is consistently profitable. The point I’m trying to make is that becoming a successful trader can be very rewarding, for someone willing to go through the learning curve and acquire the necessary skills and mindset.

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  • jhony al
  • 07-31-20

Trading for Beginners

This was my very first read as it pertains to day trading. I must say that after reading it, it's provided me the ability to see just how many flaws there were in my approach to day trading. I am a newer trader having started my journey only six months ago. This book showed me there were things that I have done right (broker, platform, computer, scans, education, & paper trading). That being said, this was the first opportunity to be exposed to what I was lacking (the discipline aspect of what a successful trader needs to do each and every day).

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  • Madiah LODHI
  • 07-31-20

excellent book....

If you’re new to Day Trading and you’re just starting out, this book is for you! I would imagine that even experienced traders would benefit greatly from reading this book too! I’m at the very beginning of learning about Day Trading and the stock markets, I haven’t even paper traded yet, but this book has filled me with ideas, potential strategies, a firm understanding and confidence in how to go about getting started. Can’t recommend this book highly enough

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  • Shooqi
  • 07-30-20

Good book.

Day Trading is also referred to as Short Trading. Day Traders trade in any marketplace; however, trading is most common in the foreign market (forex) and the stock market. Another way day traders trade that is popular is called fading the gap at the open.

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for MARK SMITH MOOR
  • MARK SMITH MOOR
  • 07-30-20

Psychology of Day Trading

If you’re new to Day Trading and you’re just starting out, this book is for you! I would imagine that even experienced traders would benefit greatly from reading this book too! I’m at the very beginning of learning about Day Trading and the stock markets, I haven’t even paper traded yet, but this book has filled me with ideas, potential strategies, a firm understanding and confidence in how to go about getting started. Can’t recommend this book highly enough

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for CrakDown
  • CrakDown
  • 07-30-20

Highly recommend

I highly recommend you start with, and I have recommended this book and the BearBullTraders community to all my friends.

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for khamba
  • khamba
  • 07-30-20

Very Good Introduction To Trading

his book is not designed to be a comprehensive study into the science of daytrading. Rather, it provides the interested student with the essential fundamentals.