Top 11 Best Day Trading Books Updated 04 /2024

Books about day trading: "What are the best books about this?"

Because I'm always trying to build up my trading capital, this post does have affiliate links in it.​

Because I work in the financial services field, I get asked this question a lot.

I'm not going to lie to you: becoming a good day trader is hard. In the first place, don't think that you can just watch a few YouTube videos and start making money right away.

Media and your competitors want you to think that day trading isn't worth it, but it's true that you can make a lot of money by day trading. But, like any job with a lot of money, it comes with a lot of responsibility. You have to get an education and invest in yourself. That includes reading about day trading so that you can learn about different strategies and improve your skills, among other things.

Beginner’s Guide to Day Trading Online by Toni Turner

People who trade start with this book because it's an easy-to-read guide. However, I've found that the best people keep to the basics. It's better to practice one kick a thousand times than to practice a hundred thousand kicks at the same time. Ah, that makes sense. Good.

I like that she gives you a little history of Wall Street and a few tips on how to set things up when you start. She also talks about the mindset that leads to money, as well as some basics that will help you build your bank account.

Great: This is a great book, but it's for people who aren't very good. The first thing you should do is read this book. Then, you should move on to some of the more advanced books on this list.

How to Day Trade for a Living by Andrew Aziz

In fact, I got the Audible version of this book and I really liked it, too. I think this book is unique because it can help both novice and experienced traders. The book has a decent overview of some of the classic strategies that successful traders have used, as well as where to start and how to develop your strategy.

Dr. Aziz doesn't play any games. he tells you that making money in trading doesn't come from listening to an audiobook or looking at the internet. How do you get good at something? You have to do it a lot and use the right tools. You also have to keep learning.

Mastering the Trade by John Carter

You'll need a lot of space on your desk to read this book, but it's worth it. It's almost 500 pages long. On this list, it's one of the few books that really talks about how to be a good trader, which is very important because bad trader psychology can often get in the way of a good trader's money.

It turns out that the author, John Carter, is the son of a Morgan Stanley stockbroker. This means that he has been around stocks his whole life. he learned about trading when he was a sophomore in high school, and since then, he hasn't looked back.

Several big names in the world of day trading, like Mark Douglas and Price Headley, say this book is good. John Carter talks about a lot of important things, like how to use premarket checklists to look at how the market has been behaving recently and how to protect your trading capital.

How to Day Trade Stocks for Profit by Harvey Walsh

I like this book even though I don't like the cover. You can start trading stocks even if you've never made a trade before. This is a complete course that shows you how to do it. The best thing about the book is that it's easy. There isn't any jargon and it starts with the simple things. In the next part, it talks about how to make money as a day trader.

This book has a lot of useful information, including a few reasons why most traders lose, what makes the stock market tick, and how you can get started with no risk. In fact, my favorite part of the book has to be the "14 Golden Rules." You should take these 14 rules, frame them, and put them above your desk.

 The Art of Short Selling by Kathryn Staley

Investors and traders in the stock market aren't always sure what short selling is or why they should use it. There is so much attention paid to going long on stocks that people don't see all the opportunities that short selling has to offer.

Even so, short selling isn't just about betting that a stock will go down. It's also a way to hedge your bets, lessen your risk, and more. In this book, we'll teach you about short selling and show you how to use it as one of the most important tools in your day trading toolbox.

Even though this book isn't very long, it's probably the most interesting part for people who want to learn how to find problems in a company before its stock prices fall. She talks about how to look at financial statements, figure out how to make sense of returns, and more. Day traders who haven't used short selling, or who don't know much about it, should get this book.

The Disciplined Trader by Mark Douglas

He wrote some of my favorite books about day trading, so you will see his name several times on this list. The guy focuses on how to be a good trader, and he's a real pro. Even if you've been a day trader for a while, you know how important your thoughts and emotions are to your trades.

In this book, Douglas talks about why most traders can't keep and grow their money over time. He talks about people who have limiting mindsets and how you can get rid of your own limiting thoughts. People who read this book will be able to understand the thoughts that might be stopping them from becoming a good trader. The price is worth it if this book can help you get your head on straight.

Day Trading for Dummies by Ann C. Logue

If you want to stay up to date on the basics, this is a good book to read every few months. In the beginning, this should be on your "to-read" list. It's written in easy-to-understand language and goes from simple strategies to the most detailed trading practices. Unlike some of the other books on this list, this one doesn't go very deep into any one subject. It gives a good overview of everything.

When it comes to taxes, my favorite part of this book is the one on taxes. If you want to be a full-time day trader, you need to know about Form 3115, filing your 1040ES, and paying your estimated taxes each quarter. I'm not a tax expert and I'm not giving you advice. It's also important that you learn about how to keep good records of your sales and deductions. Please make sure you talk to a CPA or tax expert before you read this book. The tax chapter will make you think.

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