Day Trading QuickStart Guide - by Troy Noonan (Hardcover) (2024)

About the Book

The most comprehensive beginner's guide to day trading ever written. Veteran trader and trading coach Troy Noonan breaks down complex concepts and distills them to their most basic components so that anyone can start day trading.

Book Synopsis

THE ULTIMATE BEGINNER'S GUIDE TO DAY TRADING - INCLUDES A $1,000 TRADING COMMISSION REBATE - TRADE FOR FREE!

The ONLY Day Trading Book Complete With a Library of FREE Digital Trading Tools + $1,000 TRADING COMMISSION REBATE TO ONE OF THE LARGEST TRADING BROKERS ONLINE!

Are you ready to be the next success story?

If you are SERIOUS about achieving financial freedom through day trading than look no further than Day Trading QuickStart Guide!

Day Trading QuickStart Guide smashes the myth that successful day traders are math experts, careless risk junkies, or compulsive gamblers. Using the tactics and enclosed in these chapters, you'll learn the exact skills needed to find real success while keeping your risk to an absolute bare minimum.

Author Troy Noonan is a professional full-time trader and day trading coach with over 25 years of experience. The original 'Backpack Trader', Noonan has helped thousands of students in over 100 countries become successful traders using the exact methods and strategies shared in this book.

His story, and the success stories of his students, is living proof that anyone can take advantage of the freedom (financial and otherwise) that day trading offers.

Low-cost trading platforms, the ability to trade from anywhere at any time, and the comprehensive education you'll receive Day Trading QuickStart Guide means that there has NEVER been a better time to learn how to day trade.

Use the knowledge gained from reading this book to hobby day trade, supplement your current income, or day trade as a business; getting started takes less capital than you might think!

Day Trading QuickStart Guide Is Perfect For:

  • Complete beginners - even if you've never bought a single stock before!
  • People who tried day trading in the past but didn't find success because of phony gurus and courses
  • Existing traders who want to hone their skills & increase their earning potential
  • Anyone who wants the freedom of making full-time income with part-time effort!

Day Trading QuickStart Guide Explains:

  • The Inner Workings of the Derivatives Market
  • Futures Trading Contracts, How They Work and How to Maximize their Efficiency
  • How to Day Trade Options and Use Options Contracts to Hedge Against Risk
  • The Mechanics of Forex Trading

You Will Learn:

  • Day Trading Fundamentals, from the Anatomy of a Trade to Powerful Trade Plans For Serious Returns
  • Technical Analysis, the Backbone of Finding and Executing Winning Trades
  • Trading Psychology, a Key Aspect That Allows Traders to Rise to the Top
  • The Surprisingly Simple Way to Interpret Market Charts and Act Based on Your Findings Before Anyone Else
  • Technical Indicators, Patterns, Trade Plans, and Mistakes New Traders Must Avoid

*LIFETIME ACCESS TO FREE DAY TRADING DIGITAL ASSETS*

Day Trading QuickStart Guide comes with lifetime access to a library of exclusive tools and videos designed to help you get started quickly and become a better trader faster.

Review Quotes

"5 out of 5"

Day Trading QuickStart Guide will help beginning investors gain confidence and develop personalized strategies for trading success.

Drawing on decades of day trading knowledge and experience, Troy Noonan's comprehensive and accessible financial reference book Day Trading QuickStart Guide includes knowledge and advice about an enticing alternative to long-term investments.

Designed to help beginners decide whether or not day trading is right for them, the book is split into four sections. The first section focuses on individual fit, which is a strong theme throughout, emphasizing the notion that there is no one magic approach to investments. The book's real-life examples, some involving familiar names in the investment field, are both interesting and memorable. The book's second part teaches fundamentals, including about how markets work, types of trades, and understanding charts, and its third part focuses on understanding and analyzing information, with illustrations of ways to make use of opportunities and avoid pitfalls, both of which play major roles in day trading. The book's last portion shows how such information works in action, suggesting ways for individuals to tailor strategies to suit their individual needs.

The book's tone is friendly, clear, and direct, and it encompasses considerable knowledge while remaining approachable. Its complex ideas are presented in short, focused sentences and through on-point examples. The book establishes a firm understanding of one idea or principle at a time before moving on. By the time its chapters include varieties of stock charts, their types and purposes will be recognizable to the audience, familiar because of the work of earlier chapters.

The book's layouts are inviting and enhance its outstanding accessibility. Its subheads, bulleted lists, and dialog boxes help to break up text, acting as shorthand sign posts that eliminate unnecessary introductions and transitions, keeping the spotlight on what's being presented. Graphic icons that identify questions, examples, reminders, and special points are consistent in their use. Because of this groundwork, the book is easy to move through, as well as to backtrack through to reread particular points.

The book's auxiliary features are generous and useful, with downloadable features including video trainings led by Noonan, and guides to analyzing trades and calculating risks. Appendices on choosing software, brokers, and trading platforms round out the book, while its glossary of trading terms, list of references, and index are also useful.

The Day Trading QuickStart Guide is an approachable, information-rich handbook for investors who want to know more about its specialized form of investing.

- Foreword Clarion Review

Expertly written, and thoroughly 'user friendly' in organization and presentation, "Day Trading QuickStart Guide: The Simplified Beginner's Guide to Winning Trade Plans, Conquering the Markets, and Becoming a Successful Day Trader" should be considered mandatory reading for anyone considering the Day Trading of stocks in today's highly volatile marketplace.

While unreservedly recommended for community, college, and university library collections, it should be noted for personal reading lists that "Day Trading QuickStart Guide" is also readily available in a paperback edition and in a digital book format.

- Midwest Book Review


Day Trading QuickStart Guide - by  Troy Noonan (Hardcover) (2024)

FAQs

How much money do day traders with $10,000 accounts make per day on average? ›

With a $10,000 account, a good day might bring in a five percent gain, which is $500. However, day traders also need to consider fixed costs such as commissions charged by brokers. These commissions can eat into profits, and day traders need to earn enough to overcome these fees [2].

What is the best timeframe for a beginner trader? ›

Medium-term time frames, such as the 4-hour and daily charts, are often favored by beginners. These time frames strike a balance between providing enough trading opportunities and allowing for a broader perspective on market trends.

Can you actually make money day trading? ›

Day trading is only profitable in the long run when traders take it seriously and do their research. Day traders must be diligent, focused, objective, and unemotional in their work.

Which trading strategy is the most profitable? ›

One of the ways beginners can implement the most profitable trading strategies effectively is by embracing the buy-and-hold strategy. This involves researching companies with solid fundamentals and stable earnings, then holding their stocks for a long time without being swayed by short-term market fluctuations.

Can you make 200 a day with day trading? ›

A common approach for new day traders is to start with a goal of $200 per day and work up to $800-$1000 over time. Small winners are better than home runs because it forces you to stay on your plan and use discipline. Sure, you'll hit a big winner every now and then, but consistency is the real key to day trading.

Who is the most profitable day trader? ›

There are a lot of successful traders but Jesse Livermore is often regarded as the most successful day trader.

What is the 90 90 90 rule traders? ›

There's a saying in the industry that's fairly common, the '90-90-90 rule'. It goes along the lines, 90% of traders lose 90% of their money in the first 90 days. If you're reading this then you're probably in one of those 90's... Make no mistake, the entire industry is set up that way to achieve exactly that, 90-90-90.

What is the average lifespan of a day trader? ›

"To survive you have to be a mixture of physicist and drug dealer, otherwise you become a sitting duck." In this high-pressure world, traders turn over quickly. "If you're not producing," says Handa, "you're gone." The average professional life-span of a trader, says Handa, is from 2 to 5 years.

What is the best time to day trade? ›

The opening period (9:30 a.m. to 10:30 a.m. Eastern Time) is often one of the best hours of the day for day trading, offering the biggest moves in the shortest amount of time. A lot of professional day traders stop trading around 11:30 a.m. because that is when volatility and volume tend to taper off.

Why is day trading so hard? ›

Why Is Day Trading So Hard? Day trading is challenging due to its fast-paced nature and the complexity of the financial markets. It requires traders to make quick decisions based on real-time information, which can be overwhelming, especially in volatile market conditions.

Who is the richest trader in the world? ›

The richest stock trader in the world is considered to be Warren Buffett. He is one of the most influential investors in the whole history of trading in the stock market. As of 2022, his net worth is 107 billion dollars. He managed to reach this huge success due to his discipline while trading.

What is the 3-5-7 rule in trading? ›

The 3–5–7 rule in trading is a risk management principle that suggests allocating a certain percentage of your trading capital to different trades based on their risk levels. Here's how it typically works: 3% Rule: This suggests risking no more than 3% of your trading capital on any single trade.

Is there a 100% trading strategy? ›

The market is unpredictable and constantly evolving, making it difficult for any single trading strategy to be effective in all conditions. A 100% trading strategy may work well in certain market environments but fail miserably in others.

What is the secret to successful trading? ›

Success in trading is intrinsically linked to emotional control. Almost 90% of this success depends on managing emotions during market fluctuations. Patience, discipline, and objectivity are essential for making accurate decisions.

How much do rich day traders make? ›

Day Trader Salary
Annual SalaryHourly Wage
Top Earners$185,000$89
75th Percentile$105,500$51
Average$96,774$47
25th Percentile$56,500$27

How many trades do day traders make per day? ›

A day trader might make 100 to a few hundred trades in a day, depending on the strategy and how frequently attractive opportunities appear. With so many trades, it's important that day traders keep costs low — our online broker comparison tool can help narrow the options.

Can I make 1000 per day from trading? ›

Earning Rs. 1000 per day in the share market requires knowledge, discipline, and a well-defined strategy. Whether you choose day trading, swing trading, fundamental analysis, or any other approach, remember that success takes time and effort. The share market can be highly rewarding but carries inherent risks.

Top Articles
Latest Posts
Article information

Author: Terrell Hackett

Last Updated:

Views: 5246

Rating: 4.1 / 5 (52 voted)

Reviews: 91% of readers found this page helpful

Author information

Name: Terrell Hackett

Birthday: 1992-03-17

Address: Suite 453 459 Gibson Squares, East Adriane, AK 71925-5692

Phone: +21811810803470

Job: Chief Representative

Hobby: Board games, Rock climbing, Ghost hunting, Origami, Kabaddi, Mushroom hunting, Gaming

Introduction: My name is Terrell Hackett, I am a gleaming, brainy, courageous, helpful, healthy, cooperative, graceful person who loves writing and wants to share my knowledge and understanding with you.