“Day Trading” by Joe Ross – review

“Day Trading” by Joe Ross is a comprehensive guide to the world of day trading, offering a wealth of knowledge and practical advice for anyone interested in this fast-paced and exciting field.

The book is divided into several sections, each of which focuses on a specific aspect of day trading. Ross begins by introducing readers to the basic concepts of day trading, including the difference between day trading and swing trading, the role of technical analysis in day trading, and the importance of having a solid trading plan.

From there, the book delves into more advanced topics, such as charting techniques, trading psychology, and risk management. Ross provides detailed explanations of various charting patterns, as well as practical advice on how to use technical indicators to identify trading opportunities.

Perhaps most valuable is the section on trading psychology, which provides a much-needed perspective on the mental and emotional aspects of day trading. Ross emphasizes the importance of maintaining a positive mindset and avoiding emotional reactions to market fluctuations, as well as the value of self-discipline and risk management in achieving long-term success.

Overall, “Day Trading” is an excellent resource for both novice and experienced traders alike. The book is well-written and easy to follow, with clear explanations and practical examples that make complex concepts easy to understand. Ross’s approach is grounded in real-world experience, and his advice is based on years of successful trading.

One of the strengths of this book is the way that Ross emphasizes the importance of risk management and discipline in day trading. Rather than encouraging readers to take high-risk trades or make quick profits, he stresses the importance of taking a measured approach and being patient in order to achieve long-term success.

Another strength of the book is the way that it covers a broad range of topics, from basic concepts to advanced charting techniques and trading psychology. This makes it a valuable resource for anyone interested in day trading, regardless of their level of experience.

That being said, some readers may find the book to be overly technical at times. Ross frequently uses trading jargon and assumes a certain level of knowledge on the part of the reader. Additionally, some readers may find the book to be somewhat repetitive, as Ross often emphasizes the same key points throughout the text.

Overall, “Day Trading” is an excellent resource for anyone interested in day trading. It provides a comprehensive overview of the field, along with practical advice and real-world examples that can help readers achieve success in this exciting and challenging field. While it may be somewhat technical and repetitive at times, the book is well-written and highly informative, making it a valuable resource for traders at all levels of experience.