Advanced Techniques in Day Trading
Advanced Techniques in Day Trading is an essential guide for both beginner and novice traders, written by Canadian trader and proprietary fund manager, Andrew Aziz. With an in-depth discussion of necessary trading tools such as scanner, software and platform, it also contains practical advice and instructions on subjects, including how to find the right stocks to trade, how to define support and resistance levels, and how to best manage your trades in the heat of the moment. This book consists of proven trading strategies followed by multiple real examples from his recent tardes. Advanced Techniques in Day Trading also addresses risk management for you to properly determine entry, profit targets and stop losses.
In this book, you'll learn:
- How to start day trading as a business
- How to day trade stocks, not gamble on them
- How to choose a direct access broker, and required tools and platforms
- How to plan important day trading strategies
- How to execute each trading strategies in detail: entry, exit, stop loss
- How to manage the trading plan
Table of Contents
Chapter 1: Introduction
- About this Book
- My Trading Style
- Day Trading as a Probability Business
- How this Book is Organized
Chapter 2: The Trading Tools and Platform
- Choosing a Broker
- Trading Platform
- Top List
- Market View
- Montage Nasdaq Level 2
- Buy and Sell Orders
- Default Style
- Stop Style
- Stop Market
- Stop Limit
- Trailing Stop
- Stop Range
- Hotkeys
- Short Selling Restriction
- Real-Time Market Data
- Nasdaq Level 2 and Bid-Ask
Chapter 3: Building Your Trading Watchlist
- Stocks in Play
- Float and Market Cap
- Pre-Market Gappers
- Real-Time Intraday Scans
- Planning the Trade Based on Scanners
Chapter 4: Support and Resistance Levels
- Introduction
- What are Support and Resistance Levels?
- Finding Support and Resistance Levels
Chapter 5: Price Action, Candlesticks and Trade Management
- Price Action and Mass Psychology
- Bullish and Bearish Candlesticks
- Indecision Candlesticks
- Candlestick Patterns
- Tradeanagement Based on Price Action
- Position Sizing
- Understanding Nasdaq Level 2 Signals
Chapter 6: Advanced Day Trading Strategies
- Strategy 1: Fallen Angel
- Strategy 2: ABCD Pattern / Reverse ABCD Pattern
- Strategy 3: Bull Flag / Bear Flag
- Strategy 4: Opening Range Breakout
- Strategy 5: VWAP Trading
- One Stock in Play, All Strategies
- Other Trading Strategies
- Develop Trading Skills, Not Strategy
Chapter 7: Risk and Account Management
Chapter 8: Conclusion and Final Words