The ultimate guide on day trading from the investing expert Jonathan Marlow.

Day trading is the process of speculating on different financial instruments, trading over the range of a one day period. 

The reality of day trading is that you can use huge amounts of leverage to achieve astounding short term returns - but that nearly every day trader loses (all of their) money.

The most famous study on day trading, by Brad Barber and Terrance Odean, found that the most active traders generated the lowest returns. Barber's latest study found that 80% of active traders lost money and only 1% of them could be called predictably profitable.

In the world of serious trading, professionals jokingly talk about the 90/90/90 rule that day traders face. That is: 90% of day traders lose 90% of their money within their first 90 days trading.

Other books on this subject will make impossible promises, teach you strategies that the author's themselves made up and do not personally use, and will lead to you losing all of your investment. 

This book is perhaps a bit more boring - getting rich following the strategies inside takes time - but if you follow the strategies inside you will make money. This book is one of very few that will actually tell you the truth on this subject - congratulations on finding it!