by Das BrainÂ
I’ve had over 5 years of experience dabbling in buying stocks and trading options in the intermediate time frame (1 month to 2 years) before I read Toni Turner’s book called “A Beginner’s Guide to Day Trading Online.” Believe it or not, I have not read many stock investing books while dabbling in stock and options over the years until only recently. I read “A Beginner’s Guide to Day Trading Online,” at the beginning of this year about 2 months before I started trading full-time .
Most of my knowledge came from friends of mine, who I knew from back when I was working in the financial industry and as well I did a lot of reading online. After reading Toni Turner’s “A Beginner’s Guide to Day Trading Online,” I realized that I probably should have read this book a long long time ago. There were information in the book that would have made a big difference in my stock selection and profit potential. I realized that I needed more education when it came to trading financial instruments.
“A Beginner’s Guide to Day Trading Online,” is by no means a get rich quick book. It is a well written book with many chapters that actually teach you the nitty gritty details of trading such as:
- Introduction to Wall Street, Trades and Indexes
- Treat trading like a business
- Mentality needed to trade the markets and profit
- Technical Analysis, how to read charts
- Trading Boot Camp
- Different styles of trading (time frames)
- Learning from your losses
The sections of “A Beginner’s Guide to Day Trading Online,” that I found most useful to me were technical analysis, different styles of trading and the trading boot camp. Before reading this book, I did use some form of technical analysis but not effectively. Toni Turner’s book however taught me that there was a lot more I had to learn about chart reading such as using japanese candlesticks to determine pivot points and also the use of support and resistance.
The trading boot camp part of “A Beginner’s Guide to Day Trading Online” is a chapter that I found very useful. In this chapter, Toni Turner walks you through on a day by day basis what you have to look for on your trading screens in order to get a better feel of the stock market or a particular stock that you want to trade.
Toni Turner was a journalist turned full-time trader. She attended course offered at Pristine which is a trading academy and went through the ups and downs that all traders go through. The rights of passage of a trader is very difficult, many people can’t handle it and quit. To be exact only 10 percent of people that try to do this for a living make it and Toni Turner was one determined individual that made it, and supported a daughter from her trading income full-time. I commend her for this, as I now trade full-time and realize how difficult it could be sometimes.
If you have never traded before and want to learn what it’s all about this well written and light hearted book will be a great introduction to nitty gritty of trading. I highly recommend this book to get started, however if you intend to trade for a living full-time, this will just be one of many many books that you will have to read.
Bookmark at:StumbleUpon | Digg | Del.icio.us | Dzone | Newsvine | Spurl | Simpy | Furl | Reddit | Yahoo! MyWeb
