Review: Made Me Think of Things I Otherwise Wouldn't
Rating: 5 out of 5
Date: 04 17, 2014
On my continued journey learning to trade I came across another one in the series on Day Trading which is something I didn’t know too much about prior to reading this book.  I have had some friends that have had some success in this field working from home and working for themselves and they seemed pretty happy with their lifestyle. Knowing the high risks involved with day trading I wanted to gather some additional information than what I had gotten from my friends.  I really liked how the book didn’t just explain about the dynamics and fundamentals of day trading but went into detail about how your home office should look and feel so that it puts you in the best mind set, minimizes the stress, and is free of distraction as well as the importance of writing a business plan and how to do it for your day trading business. Just because Day Trading is the most standard type of self-employed business you need to treat it like any other business and business venture. As I am learning from the few books I’ve been reading about trading practicing is the most important thing and day trading is no different. The book described how you can practice with trade simulators which allows you to practice in real time without the money and risk and from these platforms results should be analyzed and learned from it by developing a strategy that works for you and sticking with it. Another interesting point that was made in this book is that not all day trading is high risk such as with market making which will be something I will look more into since I’m not a super highly risky person. I’m really glad I read this book. Though I will be continuing my journey learning about day trading I definitely found this as a a great start.