[youngsequan]

Hello,

Can anyone suggest a good day trading book.

I'm still a novice to trading, so noting to technical

I just read 'A beginners guide to Day Trading Online', and I enjoyed it

I want it to be on stocks, not futures or forex

I'm looking for a book with lots of examples, and teaches real strategies that I can use to make money

I'm thinking about buy 'Trade your way yo financial freedom', but I'm not sure if it is on Day Trading

Any help would be greatly appreciated

Thanks in advance

[Moon Unit DS]

Try 'High Probability Trading' by Marcel Link. One of the few books written from a local's perspective. Not sure it's going to give you a list of trade setups you can simply follow, but will definitely give you a few ideas.

'Trade Your Way To Financial Freedom' is a decent book though. Quite dense but has some good info and will definitely give you some ideas and methods to try out.

[TheDude]

I wouldn't bother with any 'technique' books. What you need to reed is Enhancing Trader Performance by Brett Steenbarger. Thats all you need book wise.

However if you do really want a few techniques/methods to start you off, get them free off the internet.

Screen time is where you learn. You cant learn to trade from reading a book, just like a great chef never really learnt much from cookery books.

[DaKine]

Try this
http://www.traderslaboratory.com/for...html#post86783

and for more go here
The Wyckoff Forum - Traders Laboratory - Professional Traders Community

[HighStakes]

Originally Posted by TheDude »

I wouldn't bother with any 'technique' books. What you need to reed is Enhancing Trader Performance by Brett Steenbarger. Thats all you need book wise.

However if you do really want a few techniques/methods to start you off, get them free off the internet.

Screen time is where you learn. You cant learn to trade from reading a book, just like a great chef never really learnt much from cookery books.

With all respect, I disagree with this statement.

I have a hard time believing that a neophyte with no knowledge of how the financial markets work can become successful just by sitting down and staring at a screen. How can he, when he does not even know what a candlestick is?

There comes a time where the trader needs to move on from the books and finds his own truth, but before that there is a lot of stuff to learn in my opinion.

Of course, if you are a scalper, the less theory you may need to know, but you would still need to know the basics.

youngsequan,

What are your goals and what do you want from the books? I could recommend you a dozen, but it would be better if you were more specific.

The book by Tharp is great and covers a lot of ground.

Mastering The Trade by Carter is also decent.

The Market Wizards series is also good.

Good luck!

[SunTrader]

Originally Posted by HighStakes »

With all respect, I disagree with this statement....

Mastering The Trade by Carter is also decent

The Market Wizards series is also good............

+ 1 to the above.

[TheDude]

Originally Posted by HighStakes »

With all respect, I disagree with this statement.

I have a hard time believing that a neophyte with no knowledge of how the financial markets work can become successful just by sitting down and staring at a screen. How can he, when he does not even know what a candlestick is?

There comes a time where the trader needs to move on from the books and finds his own truth, but before that there is a lot of stuff to learn in my opinion.

Of course, if you are a scalper, the less theory you may need to know, but you would still need to know the basics.

youngsequan,

What are your goals and what do you want from the books? I could recommend you a dozen, but it would be better if you were more specific.

The book by Tharp is great and covers a lot of ground.

Mastering The Trade by Carter is also decent.

The Market Wizards series is also good.

Good luck!

Thats fine. But do note I did say 'technique' books, meaning those that try and teach TA, indicators, set-ups etc.

When you say 'how financial markets work', one assumes this knowledge has already been gained - otherwise it's unlikely they would consider a vocation trading. If you want to know what a candle stick is, look it up on the internet.

Interesting you seem to find Market Wizards an interesting read. I found it interesting too. Interesting in that there is:
1/ not really any specific technique detailed
2/ a lot of discussion on psychological make up
3/ quite a bit of contradiction between different interviewees.

This contradiction isn't a bad thing, but a reflection on one size doesn't fit all and the importance of the individuals own approach. That will never be developed doing what the other 80% of losers who have read and doing the some old same old in your van tharp and other 'how to' books.

[SunTrader]

Originally Posted by TheDude »

That will never be developed doing what the other 80% of losers who have read and doing the some old same old in your van tharp and other 'how to' books.

Neither will screentime do it alone.