HOW TO DAY TRADE FOR A LIVING SUMMARY (BY ANDREW AZIZ)

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Thinking about switching from corporate life to Day Trading? Check out this video first, where I summarize my top 5 takeaways from How to Day Trade for a Living, the bestselling trading book by Andrew Aziz.

Top 5 takeaways from How to Day Trade for a Living:
00:00 Intro
01:17 1. Stocks in Play
03:30 2. The 2% Rule
04:58 3. Understanding the Candlesticks
07:16 4. The Support & Resistance Strategy
09:20 5. The VWAP Strategy

TL;DW:

- Day trade ONLY stocks in play
- Never risk more than 2% in any given trade
- Candlestick charts
- The support & resistance strategy is simple and efficient …
- … the VWAP strategy is simple and efficient too

My goal with this channel is to help you make more money and improve your personal finances. How to become a millionaire? There are many ways to get there – investing in the stock market, becoming a stock trader, doing real estate investing, or why not becoming an entrepreneur? But whether you are interested in how to invest in stocks or investing strategies for creating passive income with rental properties – I hope to be able to provide you with a solution (or at least an idea) here. Warren Buffett - the greatest investor of our time - says that you should fill your mind with competing ideas and then see what makes sense to you. This channel is about filling your mind with those ideas. And in the process – upgrading your money-making toolbox.

[lombardo]

Wow. You actually started with the cons. Very subtle but important. Thank you.

[leversandpulleys]

how to day trade for a living
1. make a book about how to day trade for a living

[gilltim]

Excellent, concise summary. Especially appreciate you don't use the venue to show pictures of yourself talking. You just show the material, get to the point, and use the medium to convey information. Some of these 'gurus' use it to show pictures of themselves talking because they want to become YouTube stars. But you use it to showcase the information. Bravo!

[SethyTan]

As an aspiring day trader using this 2 strategy is enough for day trading, overcomplicating things only makes it harder. The hardest thing for day trading is to master your emotions.

[OxTrading]

This might be hands down the best financial YouTube channel! The work you put into your videos is unreal!! THANK YOU

[stocktradetowin]

I agree it is very important to be patient and only wait for the best opportunities/setups...

[RamAditya]

Trading is like learning a cycle🌹Once if you mastered this skill no one can take it from you❤️✔️

[anonanon]

Key takeaway:

Risking 2% if you have a stoploss doesn’t mean your position size is 2% but rather if the stoploss is hit only 2% of your portfolio is lost

[johndeanconway]

Don't give up, think positive, be optimistic, dream big, meet people, read more, work hard, make dreams build the future, stay focused and always trade with a guide.
All these requirements helped me get through my trading experience

[ziyadfauzan]

Pro Tip : Search for Position Size Calculator in Google or any store and download the app.
1. Enter your initial capital
2. Enter amount willing to lost in %
(Risk no more than 2%)
2. Input target entry price
3. Enter your stop loss limit
4. Walla! It will show you how many Unit to buy per trade

Hope everyone will benefit this 🥰

[TenTonNuke]

Beware of anyone claiming to know how to make money, which they will reveal to you in exchange for money.

[thepulkitsood]

i reAD THE BOOK AND WHEN EVER I WANT TO REVISIT IT I WATCH THIS VIDEO . DOING GREAT WORK MAN !!! ♥

[IslemTav]

That book is my favorite on the subject! Aziz is a genius!

[j.tyler]

By far the best explanation for a new trader on YouTube. I'm sure everyone watching this video will concur! I got more insight watching illustration, then I have three months watching random people who aren't sure how the market works themselves. Kudos my friend!!!

[scienceandspacetube]

I am really Wary of any "Quit your day job" or "reach your Financial freedom" statements, that is a bobby trap for newbies to lose their money in trading. Specially scalping with high leverage and things like that. I love the channel, one of the best for sure!

[Wllbam]

I Think you’re the first investing youtube Channel not to say that Day trading is a scam and its impossible not only that but you also made great points!

[toddcournoyer]

Don't use more than 20% of your account per trade. Stop out when down 5-7% of your account. Trade small n u can trade n learn without fear of losing or anguish. Protect your account n losing as little as possible is your goal. How much u profit per trade does not matter. Just trade with focus n sell for whateva the market gives u. It'll add up over time.

[shubhangagarwal]

I generally use VWAP, stocastic rsi, and Fibonacci pivot levels.

[romanbcn]

The best Trading/investing channel (by far) Bravo!

[aryensujjan]

Its really better to watch overview video like this before reading the book it will give authors point of view