Author Description

Only 10% of day traders succeed. But if you take day trading seriously and put the work in, you could be one of them - and make great returns while limiting the risks you run. Many people are tempted by the idea of day trading their way to wealth. The majority of them crash and burn, because they're not adequately prepared. But there's nothing stopping you joining the greats of trading history, like George Soros who made billions trading against the Bank of England, or James Simons, a maths professor who designed his own quantitative trading system and ended up a billionaire. Look at broker eToro's top trader list and you'll see people like you who have traded their way to success. Traders like; Jepp Kirk Bonde, who started in 2013 and makes a 31% return, Heloise Greffe, now a full-time trader who uses machine learning to refine her trades, Or you might look at Steve Cohen who day traded his way to $17 billion net worth, making $10 million a year. And you could join them too! But 90 percent of day traders fail. They fail because they make six big mistakes. They don't evaluate the risk/reward ratio of each trade. They bet the bank, instead of limiting each trade to a smaller percentage of their total capital. They don't have the discipline to exit a losing trade, and don't use price targets or stop losses. They let their emotions run away with them. They don't spend time creating solid trading rules and back-testing the rules to make sure they work. They don't focus on the investments that give them the best opportunity of a profitable trade. This book will make sure you don't make those mistakes. Here is just a fraction of the detailed advice you can expect in this book; Why “good traders make good losses” – Page 216 The one simple shortcut you need to use to speed up your trades – Learn more on page 81 How long does a day trader hold an asset? – Page 147 One of the biggest reason why 90% of traders fail at trading – Page 26 The “t