MUST READ trading books that will improve your trading psychology, consistency and emotions. 🔽Time stamps
1:11 Trade the Trader - Trader Psychology, Trigger points
5:22 Trading in the Zone - Risk management, trading emotions, systematic trading
9:31 Atomic Habits - Creating good trading discipline & habits to lead to trading consistency
Trade the Trader
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Trading in the Zone
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Atomic Habits
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🔽Day trading videos mentioned:
Intro to Penny Stock trading psychology
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How to find stocks to trade?
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How to day trade gappers and gap ups
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Risk Management for beginner traders
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How to read SEC Filings for dilution & offerings
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Trade the Trader by Quint Tatro:
This was the book that opened my eyes to the inner workings of the market. Support and resistance lines are not magical lines that someone out there placed randomly on the chart. They are prices where big money purchased and sold.
So rather than memorizing chart patterns and secret strategies, beginner traders should focus on the trading psychology behind each set up and each trade. Day trading is a mental game and those who truly understand psychological trigger points are the ones who will come on top.
Trading in the Zone by Mark Douglas:
This book helped me when managing my emotions and conquering the mental side of day trading. It taught me to accept risk and set a risk level that I am comfortable with losing for every single trade. It's only after you've detached yourself from the fear of losing that set risk then you can truly trade systematically without emotions.
Atomic Habits by James Clear:
"Consistent habits lead to consistent results" is the theme of this book. Trading is a game of repetition and the only variable should be the market, not YOU the trader. Many day trading beginners struggle because their system and routine is random and they scatter their focus all over the place.
This book helped me with creating a trading routine, which I follow strictly almost every single day. From waking up 2 hours before market open, to doing pre-market scanning and research, and to journaling each trade every night. Keeping my trading discipline and habit consistent allow me to trade systematically with no emotions.
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🔽Recommended trading tools & set up:
Benzinga Pro stock news scanner
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Asus Gaming Laptop Computer
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Acer Full HD Monitor
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Razor gaming keyboard
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MacBook Pro
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🇨🇦Questrade Canada (get $50 FREE commission trades)
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