Book Review: How to Swing Trade by Brian Pezim, MBA
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There is no reason for anyone to learn how to be a success in the stock market. If you have an income, no matter how meager, you can learn to trade. You can become a huge success. You can do good in the world because you can learn to create the wealth it takes to do good for others.
Trading stocks is one of the greatest opportunities we as Americans have to build wealth. One of the biggest problems facing new traders in the stock market today is the rule that prohibits someone with a small account from making day trades. A day trade is the buying and selling of a stock within the same day. If you want to do this you will need to have $25,000 in your trading account. If not, you can be locked out of trading for several weeks to a few months. This is a law put into place by the US Government. I won't go into all the particulars about this rule, but it does hinder someone with a $500 account who is trying to learn to trade stock. This is where swing trading is you friend.
Swing trading in a nutshell is buying a stock today and holding it at least until the next day. You can hold it for days, weeks, or months before you sell. You can literally make money in the stock market with a small account and still keep your day job, and the best part about it is you don't have to stress.
So what's the catch? The only catch is I cannot teach you in a short blog post what I was able to learn in this book. Keep in mind, I have taken paid courses through Udemy that did not teach in detail what I was able to learn here. It is phenomenal. Chapter 12 will give you all the tools you need for success, but don't just skip to that chapter. There is a ton of important information leading up to that chapter that you will need to know.
Let me advise you on one thing. DO NOT get this book on Kindle! Make certain that you order a hard copy of this book as you will want to use it as a reference book. You will likely want to put a few notes in there as well. Keep it by your trading computer. This book will give you everything you need to start a new trading career (except the funding).
I have read several books on trading, this one by far is the dead-level best I've ever read. Much of what he teaches is useful not only in the stock market, but in the forex and crypto markets as well. I look forward to hearing success stories of folks reading this book.
One last thing. There is a website that the author runs to help support traders in their plight. It is a members-only website and there are fees to joining the website. Although this book mentions the website, and even encourages you to join, it is not a sales book for joining the website. The information in this book is powerful. If you use the info as it is written you will succeed. Then maybe later you can consider joining his chatroom.
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