The Complete Guide to Day Trading: A Practical Manual From a Professional Day Trading Coach Paperback – April 28, 2008

This book really is a complete guide to day trading.If you are searching here on Amazon for a book to get you started in day trading this is the one. It covers all the basics you need to know in the areas of risk management, stop losses, setting goals to take profits, staying disciplined, only taking high probability trades, and keeping it simple. It will show you how to organize your thoughts on your profit goals, what the best market is for you to trade, how much of a loss you can stand to take, and if your personality is suited for day trading. I really wish this book was the first of the 80 stock trading books I had read, it would have been a short cut and saved me an incredible amount of time in learning through real money trades and experimentation. The book shows the value of setting up a simple trading strategy and back-testing it, then paper trading, before putting real money at risk. It shows the importance of making your profit goal 50% greater than your stop loss so a 50-60% winning ratio will make you profitable. It also shows the importance of logging your statistics for wins vs. losses and dollar amounts to establish if your strategy works in real world trading. I have day traded a large amount of capital and learned in the markets the hard way what this book teaches. I have also found how to win in day trading and the principles that have enabled me to win thousands in the market are the same as the ones contained in this book. My review is just the a small sampling of this books material. If you are a beginning day trader this is the book for you. If you are just breaking even or losing right now, this book can make you a consistent winner. Experienced and seasoned traders may not find much value in this book, but it is not written for you. It is a 5 star book for beginners and new students of day trading for profits.

I've been studying day-trading for about a year but still found this book to be a good read. It doesn't get too heavy into trading strategies or a lot of market internals but it does give you a good place to start if you're new. It discusses some essential things like having the right mindset about trading (which is one of the most important things). There are two things that the author states that I disagree with and they are:1. You need multiple strategies for when the markets are going up, down, or sideways.2. You should be trading different markets.I don't know about you, but I would rather find ONE good strategy that works most of the time (nothing works 100% of the time). I don't want to have to worry about trying to change my strategy every day, I would have have my strategy be flexible enough to adjust to the market.I also don't want to have to switch between markets to try to make money, this seems counter productive. Why try to be a master of all markets when you can follow one market closely and learn how it moves and behaves.Other than these 2 things, I think this book is a good place to start.I would recommend it to those looking to get into day-trading.

Basically, I bought this day trading guide book because I wanted to educate myself about day trading and make a move into day trading as a sideline to my regular job and see what happens from there. I keep hearing on tv talk shows about finance and reading articles in finance magazines and online that the time to make money in the stock market is now. Based on what I read Markus Heitkoetter's *About the Author* section on his book's feature page, I felt he was an honest and forthright person which was crucial to me. Why? If you look around at other books on day trading, you'll see what I mean. Markus began with nothing, but he had a strong entrepreneurial spirit. He was eager to learn the market when he first started, which I thought paralleled my situation. Also very important, he learned from his mistakes and achieved his goals. I like that he's a family man and not some lone wolf type of guy sitting behind a computer screen, making high risk trades. Why again? I wanted to learn day trading from someone who wouldn't risk his family's financial situation.*The Complete Guide to Day Trading* is very practical and thorough. Markus makes many important points. One that I need to really grasp is that you have to be willing to accept losses. I know I need to accept them, learn from them and keep toward my goals.

Fundamentals needed for trading. I enjoyed it it even I’ve been trading for a couple years. Thanks for this book.

Theed book is not explain thing as well as I expected, especially for the layman. The book I need is Day Trading for Dummies.