Day trading is a high speed endeavor where a trader enters and exits trades on the same day before the market closes. Day traders try to capture fast moves on intraday charts usually with larger size than swing traders or trend traders. They like it that they carry no overnight risk and look for fresh trades each morning starting with the premarket.
Day traders like to scan for news events and gaps in price each day as trade catalysts. Many day traders only trade the opening hour or the closing hour where the volume and the volatility usually are. Other day traders may trade the full market day watching for intraday moves and set ups. A day trader can trade off the 1-minute, 5-minute, 10-minute, or 30 minute chart based on their own strategy. Some day traders are discretionary and rule based and others have mechanical systems with an edge. There are day traders in all markets, stocks, options, futures, and crypto.
Here are a list of the best day trading books based on Amazon sales, ratings, reviews, and author popularity. The books on this list have a good variety of strategies, markets, and ways to approach day trading. This list provides a shortcut for where to start looking if you are interested in day trading.
- How to Day Trade for a Living by Andrew Aziz 4.6 stars 1,806 ratings
- Advanced Techniques in Day Trading by Andrew Aziz 4.6 stars 737 ratings
- Day Trading QuickStart Guide by Troy Noonan 4.5 stars 293 ratings
- Pit Bull: Lessons from Wall Street’s Champion Day Trader by Martin Schwartz 4.5 stars 228 stars
- A Beginner’s Guide To Day Trading Online by Toni Turner 4.4 stars 627 ratings
- How to Day Trade: A Detailed Guide to Day Trading Strategies by Ross Cameron 4.4 stars 447 ratings
- Day Trading For Dummies by Ann C. Logue 4.4 stars 242 ratings
- How To Day Trade Stocks For Profit by Harvey Walsh 4.3 stars 203 ratings
- Day Trading Made Easy: A Simple Strategy for Day Trading Stocks by Matthew R. Kratter 4.2 242 ratings
- The 1 Hour Trade: Make Money With One Simple Strategy, One Hour Daily by Brian Anderson 4.1 stars 382 ratings