Summary of Andrew Aziz's How to Day Trade for a Living
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Please note: This is a companion version & not the original book.
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#1
The first rule of day trading is that day trading is not a strategy to get rich quickly. Day trading is difficult, and you will not make money quickly. The only way to make money in the stock market is to take it from other people while they are trying to take yours.
#2
Day trading is a profession like medicine, law, and engineering. It requires the right tools and software, education, patience, and practice. You must dedicate countless hours reading about trading styles and observing how experienced traders are trading.
#3
Day trading is a simple way to start your own business. You can open a trading account today, at no cost, and then start trading tomorrow. The logistics of beginning day trading are extremely easy compared to many other businesses and professions.
#4
The tools you need to be a successful day trader are money, highspeed internet, a good broker, and a fast order execution platform. You must also participate in a community of traders.
