Trading Stocks Using Classical Chart Patterns: A Complete Tactical & Psychological Guide for Beginners and Experienced Traders

For those looking for an informed discussion of trading stocks rather than empty promises of instant wealth, this book explains clearly and thoroughly how to trade the financial markets with discipline and patience. So much of trading well is understanding our emotions and controlling the twin demons of greed and fear. Knowing the pivotal role of the mental game in trading, Brian Kim gives traders, investors, and even casual observers of the market a book filled with psychological insights, practical trading strategies, and gentle reminders of enduring truths. Brian knows that a book on trading has to be more than about stocks. It has to reveal and confront our biggest enemy in the markets and in life: ourselves. Written in a friendly and empathetic style, Trading Stocks Using Classical Chart Patterns is both informative and restorative. It is as much about reaffirming timeless virtues as learning to trade.

Author’s Note:

I strived to write a book that covers the classical-charting approach to trading in an accessible and comprehensive manner. This book gives beginners enough information to decide for themselves whether trading in general and classical charting in particular fit their interest, temperament, and style. My goal is similar if you are an experienced trader who wants to learn more about classical charting. I tried to give you enough information so you can decide whether to use classical charting in your trading.

My focus was on clarity and thoroughness. My experience with most books on stock trading has been one of frustration and confusion. While they contained nuggets of wisdom and some practical advice, most books did not describe the author’s trading approach in enough detail for readers to carefully try that approach for themselves.

This shortcoming is understandable. Writing clearly is difficult. And I’m certain that some readers will wish that I had explained some parts of this book better or in a different way. Despite the challenges of written communication, I think I have clearly conveyed enough information for readers to learn classical charting.

You will find that certain themes, reminders, and cautions are repeated quite often throughout the book. It would be too easy to justify repetitive writing on necessity, but, this time, I will use this excuse. There are many approaches to trading, but there are relatively few principles that are most important for long-term success as a trader. I tried to emphasize these timeless truths in different contexts and situations for maximum retention and awareness.

Contents:

• CHAPTER 1 Our Goal
• CHAPTER 2 Trading vs. Investing vs. Gambling
• CHAPTER 3 Emotional Detachment and Acknowledging Our Limitations
• CHAPTER 4 Basic Trading Tools
• CHAPTER 5 Head & Shoulders Top
• CHAPTER 6 Head & Shoulders Bottom
• CHAPTER 7 Continuation H&S Bottom
• CHAPTER 8 Rectangle
• CHAPTER 9 Ascending Triangle
• CHAPTER 10 Descending Triangle
• CHAPTER 11 Symmetrical Triangle
• CHAPTER 12 Continuation Pennant (Small Triangle)
• CHAPTER 13 Ascending Wedge
• CHAPTER 14 Descending Wedge
• CHAPTER 15 Flags and Channels
• CHAPTER 16 H&S Top Failure
• CHAPTER 17 Double Bottom
• CHAPTER 18 Horn Bottom
• CHAPTER 19 Diamond
• CHAPTER 20 Second and Third Effort
• CHAPTER 21 Support and Resistance
• CHAPTER 22 Pattern within a Pattern
• CHAPTER 23 Pattern Failures and Mutations
• CHAPTER 24 Do Not Gamble on Earnings Reports
• CHAPTER 25 Being Out of Position: Not Trading No Matter How Promising the Set-Up and Breakout
• CHAPTER 26 Taking Profits
• CHAPTER 27 Why We Must Diversify Our Trades
• CHAPTER 28 The Trader’s Routine: Continuous Patience and Diligence
• CHAPTER 29 Trading the Market Indexes, and A Lesson in Stubbornness
• CHAPTER 30 50-day and 200-day Simple Moving Averages
• CHAPTER 31 Life and Trading
• CHAPTER 32 Suggested Reading

Trading Stocks Using Classical Chart Patterns: A Complete Tactical & Psychological Guide for Beginners and Experienced Traders By Brian B. Kim pdf