Advanced Techniques in Day Trading: A Practical Guide to High Probability Strategies and Methods

Second book I read from you, and I found it helpful for myself. Now it's time to practice :)

After his first book, I got convinced to go for his second one which is a sort of follow up to the first one but goes in deeper details of day trading strategies as well as the tools and psychological side of trading; another bible for me, the 2 books together really give an inside of of day trading as I never came across before, Andrew really gives you all his knowledge and advises from a pro side but also taking care of those who have to start and are not pros yet. Again I deeply suggest it!!! Alberto

Personally, I want to thank Andrew for writing such excellent books on day trading. He has three — How to Day Trade for a Living, Advanced Techniques in Day Trading, and The Day Trading Guide (TradeBook) — and they are truly eye-opening. They bring a new vision of how to look at both trading and the world. I must say that I’m a member of his platforms — BearBullTraders.com and TradingTerminal.com — and I feel grateful to benefit from all the work that he and the entire BBT mentor team have done through their books and platforms. I am an absolute beginner in trading, but I have been practicing Zen-style meditation for many years. Trading (I currently use the simulator on TradingTerminal.com) reminds me deeply of life — about personality, about awareness. It’s fascinating that trading, as a kind of work, can shape a person into a better version of themselves much more efficiently than most company or government jobs. Trading constantly reminds you to be aware of your actions. You cannot use it as a way to kill time or to cover boredom — which many people do in office work. You must always stay aware of what you’re doing, remain calm, and reflect deeply. It constantly pushes me to rethink my life. Especially day trading — it’s like entering a new world where your “karma” (good or bad) comes instantly. The learning cycle is condensed and accelerated, much like Musk’s rocket projects — fast iterations that, when done with awareness, bring great progress. For me, I highly recommend Andrew’s three books. Their price is small compared to even a single loss in the market. Still, there’s a lot to learn — but the journey itself is already meaningful.

Three months ago, I resigned from my 6-figure career as a research scientist at a fortune 500 company to pursue day trading. I was weary of the constant travel, the politics, and the lack of leadership. Let me also mention that I had already amassed a comfortable nest egg (and could afford to lose 50k+ in a trading account without hardship) and my wife is currently employed as a professional who makes 6-figures, so we can allow time for me to paper trade in a simulator indefinitely, until I become consistently profitable or decide to do something different. Not to rain on your parade, but if you can’t afford do this, don’t quit your day job. Trading is hard enough, and worrying about paying bills would make it impossible. For the past several years, I dabbled in trading and found it really interesting and moderately profitable (mostly swing trading), but I knew that to replace my income by trading, I needed to become a more active trader who constantly monitored price action each day. This is by far the best book I’ve read on day trading. Aziz doesn’t pull any punches and lets the reader know that successful trading is going to take time and a lot of hard work. He also provides fantastic charts from his past trades—the setups, rationale, strategy, and psychology behind successful trading. More importantly, Aziz alerts you on what NOT to do! I’ve put these ‘bad practices’ to the test in my paper trading account, and almost every time I blow up my fake account in a few days. Aziz also shows his end of the day P&L which allows you to back-calculate the kind of buying power you will need to achieve similar results (usually income of $1-1.5k per day, at least on his good days that were published). This kind of comprehensive insight is not available in any other text I’ve read, and I find myself returning to this book often. I’ve read many books on technical analysis, technical indicators, swing trading, and I’ve also read Aziz’ previous book, which is where you should start if you’re brand new to day trading. The bottom line is that Amazon is full of day trading books, and you should be leery of any book published under Amazon’s Createspace publishing, especially if they have over 4.5 stars and are full of bogus reviews that were all written within 2 weeks of publication despite the book being 3 years old. These books are almost entirely written by unsuccessful traders who get a few bucks for every copy they sell, after having lost their entire fortune to the market, then glean repeat income from their book sales-- books which provide little more than a glossary of terms. I recently became a member of Bull Bear Traders and find their chatroom insightful and unintimidating, yet the members have the mentality of professional traders and keep me tuned in from pre-market to close. I always learn something new. Definitely not a bunch of warrior traders looking to get rich on a $500 account trading penny stocks. I have not been contacted by Aziz or Bear Bull Traders and am receiving no compensations for this review. I respect Aziz’ credentials, the community he has built, and his commitment to teaching. If you are looking for the best book on day trading, spend the nominal fee and get this book. It might give you the clarity and confidence to step boldly into a new trading career. I’ll update this review at the end of the year.

Great book, very well written and packed with useful information

"Advanced Techniques in Day Trading" is the latest book by Dr. Andrew Aziz. His first book was "How to Day Trade for a Living." which I have come to regard as the essential introductory guide to day trading. In his newest book, he further delves into the psychology and the probabilistic nature of trading. He also explains how use the necessary trading tools and how to setup your platform. You will learn how to find and build your "stocks in play" watchlist in the morning and denote important levels in your stock chart. The book introduces and illustrates candlestick charting and important patterns to recognize. As Dr. Aziz explains that " a successful day trader is a social psychologist behind a computer and charting software." He expands with greater detail the most relevant and important strategies needed to be successful in today's ever-changing market. Overall, I would highly recommend this book to anyone interested in day trading or even a seasoned professional seeking an update on the latest techniques . This book maintains the easy to understand language that made his first book so well received. For me, "Advanced Techniques in Day Trading" is the single most valuable resource I use everyday in my day trading career.