YTC Price Action Trader (All 6 Volumes)
$54.68
The strategy shared withinYTC Price Action Trader is a discretionary method of trading. It is not a simple “buy on trigger A and sell on trigger B” system. Such simple systems do not work, no matter how much we wish they did. Spend a day surfing any of the numerous systems forums and you’ll see this for yourself. Many systems are presented which appear to offer great potential, generating excitement amongst the forum participants and a flurry of posting activity. Ultimately they fade away to nothing as the participants discover the system fails to deliver consistent results, or they become frustrated as it morphs into a completely different system as filter after filter is applied to try to overcome its limitations.
Author’s Introduction:
Welcome to the YTC Price Action Trader. I have two primary aims for this book.
- To share with you the way that I view the financial markets and the way that I use price action to identify and manage trade opportunity.
- To share with you the development process that I believe you need to follow in order to become a consistently profitable and professional trader, regardless of the strategy you choose to implement.
Of these two primary aims, the second is by far the most important. New traders mistakenly believe success is all about the right knowledge and the right strategy. While this is important, they fail to understand that becoming a trader is really a process of growth and development. Success is not a result of one day finding the right combination of indicators or parameters and the right set of trading rules. Success comes through a process of learning to trust yourself as you operate within an environment of uncertainty. Trusting your ability to make effective decisions, to manage risk, and to identify and manage opportunity.
In drafting this book I initially placed this material at the beginning, prior to any discussion of strategy. My fears though, were that too many would be tempted to skip over this information in an attempt to get to what they perceived to be the higher value material – the strategy. So, right or wrong, I’ve reworked the text to place this material at the end. And to be honest I feel it works better this way.
The real learning begins beyond the final pages of this book as you gain exposure to the uncertain nature of the markets. By structuring the book as I have, the routines and procedures required to ensure an effective learning process will be freshest in your mind. If I have done my job well, you’ll clearly understand the path that lay ahead of you and be approaching that journey well prepared for the challenges it will provide. You’ll have a newly discovered interest in learning theory, decision making, trading psychology, as well as risk and money management. But don’t worry… we will discuss markets and strategy as well.
Contents:
- Principles of Markets
- Market Analysis
- Strategy – YTC Price Action Trader
- Trade Examples
- Other Markets, Other Timeframes
- Money Management
- Contingency Management
- Goals & Targets
- Trading Psychology – A Practical Approach
- Trading Platform Setup
- Trading Plan
- Procedures Manual
- Additional Documentation
- The Journey
- The Learning Process
- Taking Action
YTC Price Action Trader (All 6 Volumes) By Lance Beggs pdf
| Author(s) | |
|---|---|
| Format | |
| Pages | 624 |
| Publication Year | 2010 |
24 reviews for YTC Price Action Trader (All 6 Volumes)
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Anne Friedman (verified owner) –
The book gave me a framework for creating my own procedures manual, trading plan, and documentation. Having these in writing will help keep me disciplined.
Greyson Tucker (verified owner) –
I plan to re-read the psychology and personal development sections regularly to stay focused on the right mindset and behaviors.
Westley Ferguson (verified owner) –
The trade examples were extremely helpful for understanding how to apply the price action concepts. Seeing real trades made the information come alive.
Adriel Whitehead (verified owner) –
I was hoping for a little more detail on specific entry and exit techniques, but recognize trading discretionarily means adapting to each situation.
Winnie Short (verified owner) –
The book motivated me to become more serious and disciplined toward trading. I have a long road ahead but feel prepared to start the journey.
Harmony Sosa (verified owner) –
Overall this is one of the most helpful trading books I’ve read. I look forward to applying the wisdom and continuing my development.
Adelynn Nichols (verified owner) –
The emphasis on continual learning resonated with me. I plan to study the recommended books on psychology and decision-making to expand my knowledge.
Zaire Rios (verified owner) –
I wish there were more specific trading rules laid out. With discretionary trading, it seems very subjective.
Salem Watson (verified owner) –
It’s reassuring to know becoming a skilled trader takes time. Now I understand it’s a long-term process of accumulating experience and skills.
Nikolai Avery (verified owner) –
I understood the concepts well but will re-read parts of the book as I begin paper trading. I’m sure it will mean more as I start applying it.
Paul Yates (verified owner) –
I’m eager to practice the techniques on a demo account. The book has given me confidence I’m headed in the right direction.
Idris Bullock (verified owner) –
I really took the idea of tracking trading statistics to heart. Doing this will enable me to identify strengths, weaknesses, and opportunities to improve.
Aryan Garza (verified owner) –
I like the trading plan template and other documentation provided. Having those as a starting point will make developing my own easier.
Sylvie Carlson (verified owner) –
I appreciated the inclusion of both market analysis and real trade examples. The combination brings everything together nicely.
Emir Holt (verified owner) –
This book has really opened my eyes to the possibilities of trading, while emphasizing the long journey ahead. Very insightful.
Lyanna Villarreal (verified owner) –
The Trading Platform Setup chapter will be invaluable as I configure my charts and tools for optimal efficiency.
Meghan Buckley (verified owner) –
The book struck an excellent balance between market principles, strategic concepts, and practical implementation advice. I learned a lot.
River Owens (verified owner) –
The book has motivated me to start trading, but also given me a healthy respect for the challenges involved. My eyes are wide open.
Charley Lloyd (verified owner) –
The author clearly has a wealth of experience and provides practical guidance for developing trading skills over time.
Darwin Conley (verified owner) –
The risk and money management chapter makes complete sense – protecting capital should be the number one priority. Sticking to those guidelines will be crucial.
Brooke Woodard (verified owner) –
I really enjoyed the practical approach to trading psychology and personal development. The journey of becoming a trader is just as important as mastering a strategy.
Esther Noble (verified owner) –
The author makes a compelling case for focusing on only one market and timeframe when starting out. I’ll apply this advice and avoid overcomplicating things.
Atlas Roach (verified owner) –
For a true beginner like me, I found some of the concepts a little difficult to grasp on the first read. More examples would help.
Hezekiah Robertson (verified owner) –
I appreciated the inclusion of material on different markets and timeframes. It’s helpful to understand different setups even if I’m not trading them yet.