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Product Description
Product Description
"If you are considering entering the world of day trading, either part-time or full-time, read this book!"
--Toni Turner, bestselling author of The Beginner's Guide to Day Trading Online, 2nd Edition
--Toni Turner, bestselling author of The Beginner's Guide to Day Trading Online, 2nd Edition
Are you intimidated by day trading? Think it's only for the select few who are savvy with stocks or are financial savants? Well, think again, because anyone can master day trading--and once you learn the basic techniques, it's possible to make a boatload of money! The flip side: if you don't know what you're doing, you can lose your shirt.
In this entry-level guide to day trading, MarketWatch columnist and financial journalist Michael Sincere assumes you know nothing. Zip. Zero. Inside, he shows you how to get started and breaks day trading down by clearly explaining:
- What computer equipment you'll need
- How much money is required
- The technical jargon of day trading
- Key strategies you'll employ while trading
- How you can manage risk
Most important, Sincere lets you in on the biggest secret of all: how to master the mind game of day trading.
Thousands of day traders have watched their bank accounts balloon thanks to Wall Street. Now you can get into the market and enter their coveted ranks.
About the Author
Michael Sincere (www.michaelsincere.com) is the author of a number of investment and trading books. As a financial journalist, Sincere has written hundreds of columns and magazine articles on investing and trading, including a monthly column for MarketWatch. He has been interviewed on dozens of national radio programs and has appeared on several financial news programs such as CNBC and ABC's World News Now to talk about his books.
Inside This Book
(Learn More)
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Most Helpful Customer Reviews on Amazon.com (beta)
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4.6 out of 5 stars (9 customer reviews)
7 of 7 people found the following review helpful
4.0 out of 5 stars
Should be titled "Start Day Trading Later", Nov 7 2011
By Christopher Suzukida - Published on Amazon.com
This review is from: Start Day Trading Now: A Quick and Easy Introduction to Making Money While Managing Your Risk (Paperback)
I picked up Michael Sincere's book, "Start Day Trading Now" from my local bookstore because I got so caught up reading it that I decided to buy it right then and there vs. buying from the Kindle bookstore like I usually do. I took it home and read it cover to cover and I'm currently going through my second read through. It is a bit dense with 181 pages of actual writing that is chock full of definitions, charts, and various anecdotes. I'm not exceptionally new to investing, but am a total beginner when it comes to trading, and Mr. Sincere's book was perfect for me.At first, because of the title, I thought it would provide valuable information on how to choose a good discount broker and have more detailed insights into the daily going-ons of an actual day trader. Although the last 30 pages or so are supposed to introduce you to the life, it's really just an interview with some different day traders providing their own tips and tricks (what indicators they use, what they trade and how, etc.) but it's too over the top for a trader just starting out. What I wanted to know is more of how to pick quality stocks and the best ways to find them. Mr. Sincere also has a repeating theme throughout this book: day trading is NOT for anyone. If you can't have a steeled emotional state while trading, day trading is not for you. If you can't cut your losses short, day trading is not for you. If you are not disciplined, day trading is not for you. As a matter of fact, an author that Mr. Sincere seems to idolize a bit in the book, says in her own that day trading is in fact not for the faint at heart. She states the three "B's" of day trading: bucks, brains, and balls. Basically, if you don't have those, day trading is probably not for you.
What I gleaned from this book is that if you don't go into the market knowing what you need to know, you could lose pretty badly. Mr. Sincere's book only gets you 10% of the way there.
BUT!
This book is a GREAT 10% and it touches most of the basics of what you need to know, in order to point you in the right direction. This book never claims to be in-depth and with what I've learned in this book, I've decided to hold off day trading until I get at least five more books and months (or more) of experience paper trading. Then I only want to go in with the minimum requirement of $25k so that I can't lose too big.
Summary: For those of you looking for a good place to start, inquire within the pages of this book. NOT for those who want to start actually trading tomorrow, IS for the novice who wants to learn what will eventually be required to day trade in the months ahead.
5 of 5 people found the following review helpful
5.0 out of 5 stars
Fantastic book for the novice trader!, Jun 19 2011
By LaVelle Ward - Published on Amazon.com
Amazon Verified Purchase(What's this?)
This review is from: Start Day Trading Now: A Quick and Easy Introduction to Making Money While Managing Your Risk (Paperback)
This book is chock full of information that comes at you fast in a great conversational tone. Its easy to understand and a lot of the methods are great to apply to even your long term investment strategy.Because its a book for beginners, don't expect this to be the end all book for day trading. Keep your education going but this is a great start!
3 of 3 people found the following review helpful
4.0 out of 5 stars
Informative but not informative enough..., April 8 2012
By ceebee92 - Published on Amazon.com
Amazon Verified Purchase(What's this?)
This review is from: Start Day Trading Now: A Quick and Easy Introduction to Making Money While Managing Your Risk (Paperback)
I just read this book and was overall quite happy with the content. It has valuable information for beginners. I learned things that were crucial to me, such as the laws of being a pattern day trader. Although the information I read was quite discouraging for myself, I'm glad I'm aware of it now. The only reason I did not give a 5 star rating was the fact that the title "Start Day Trading Now" makes it sound like after reading the book you're ready to start trading immediately; whereas I found it was not quite good enough for that. I would suggest taking further courses from places like Lex Van Dam Trading Academy or a Technical Analysis / Portfolio Management course from CSI, etc. to further understand trading. But that being said, "Start Day Trading Now" is a great book to read as you're getting started. No regrets buying it!
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