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Review The Complete Guide to Day Trading A Practical Manual From a Professional Day Trading Coach by Markus Heitkoetter

📚 𝔻𝕆𝕎ℕ𝕃𝕆𝔸𝔻 EBOOK [𝑷𝒅𝒇] The Complete Guide to Day Trading: A Practical Manual From a Professional Day Trading Coach by Markus Heitkoetter

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Do you want to be a day trader?

Every day, millions of dollars change hands in the markets, presenting the perfect opportunity for people just like you to make significant money and profits through the art of day trading.

But here's the question: is day trading right for you? And, if it is, how do you get started?

In his new three-part guide, professional day trading coach Markus Heitkoetter lays out a simple, proven system for trading success. From the basic essentials of trading to the actual process of making money in the markets, he'll cover it all.

• Date: Reviewed in the United States 🇺🇸 on June 25, 2010
  Review: I originally purchased this book because I recently became interested in the idea of day trading and wanted to get a full explanation of what it is and how to go about doing it proficiently. The book started off really well by stating that people usually fail because they never truly commit themselves to an approach but rather waffle between trying part of one thing and part of something else. I agreed with this whole-heartedly and I was excited to dig into the meat of what the author had to share as far as his experience and strategies. Unfortunately, the author never got around to actually explaining anything of any substance. The cover states that it is a "practical" approach, but there truly is NO practice within the book. The author provides "Action Items" at the end of each chapter which where good, but still not a lot of substance. He repeatedly mentioned that you needed to choose a trading strategy - that it was the most important aspect of day trading - to pick a strategy and be disciplined with it and stick to it to limit losses. Great!! How do we do this? Nothing...
  
  I received this book two days ago. I'm not a fast reader, but this book was so shallow that I finished it in about 7 hours. There were a few good nuggets of information within this book that filled in a few "gaps" that I have regarding general knowledge about day trading. Things that aren't really profound, but that you need to hear from someone else so that you actually think about it rather than just assume it to be true, but like other reviewers have stated - this information is available for free on the Internet.
  
  This book is nothing more than a 30,000 foot viewpoint of what Day Trading entails for people who have absolutely no knowledge of what day trading even means. There were no strategies that were suggested, only a definition of what different types of strategies were - "trend-following" vs. "non-trending." However, the actual execution was never actually explained. Technical analysis was "mentioned" (and I really mean that to be in quotes because other than giving the definition of what something is, such as a candlestick chart, the author does nothing to advance your knowledge).
  
  All in all, I would value this book at about $2. If you can buy low and you truly have NO knowledge or experience in investing/trading, then maybe it will serve its purpose. Other than that, I'd stray away from this book.
  
  Name: Mark
  Rating: 4.0 out of 5 stars
  Title: Good book for beginners
  Date: Reviewed in the United States 🇺🇸 on June 2, 2008
  Review: 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.