30 Days to Market Mastery outlines an easy-to-understand and easy-to-implement approach to learning how to trade. This book covers the fundamentals of how to structure trades in a disciplined fashion, so as to avoid vague decisions and acting on unclear trading signals. It also provides a number of strategies for entering and exiting the market in a way that maximizes the chances of making money and minimizes the potential for losing money. With this book as their guide, readers will learn the proper organizational, analytical, and behavioral skills that are vital to consistent success in trading. In 30 Days to Market Mastery each trading day contains a single lesson, and each lesson contains a quiz to help the reader master the material.
Introduction:
Financial markets throughout the world have changed their nature and structure dramatically since the 1970s. High-speed computers, pow-erful analytical software, the declining cost of commissions, instantaneous communications via the Internet, rapid dissemination of financially related news, business radio and television, the emergence of second- and third-world powers as significant financial and monetary forces, and the growing world dependence on fossil fuel have all combined in one grand “machine” to change the face of the markets.
Events that affect the Chinese currency can and will have a ripple effect on currencies and markets the world over. Stock prices can be influenced dramatically by trends in un-derlying commodity prices. Daily price volatility has exploded in virtually every sector of the financial markets. This has created more opportunity as well as more risk. It has also narrowed the differences between stock and commodity markets. Indeed, in recent years there has been a growing participation by hedge funds, pension funds, and investment companies in the commodity markets.
The search for effective and consistent trading information has taken traders in many directions, some productive, most of them dead ends. My goal in this course is to give you some solid tools that you can implement into your trading plan whether in stocks, commodities, or both. I have provided examples of my methods in stocks as well as in commodities. Some methods are exclusively geared to commodities; however, most are applicable to both.
Contents:
- The Structure of a Trade
- Setup, Trigger, and Follow-through: The Basics
- Seasonality and High-Odds Seasonal Setups
- The Seasonal Trigger
- Follow-Through
- Trading the Power Momentum Formula (PMF)
- Power Momentum Formula (PMF) Trigger
- PMF: Follow-through
- Using the Moving Average Channel
- Three Powerful Price Patterns
- The Eight-Bar Open/Close Pattern and How to Use It
- Understanding and Using the Commitment of Traders Report
- The Advanced 30-Minute Breakout for S&P and E-Mini Trading
- How to Structure Your Trading Portfolio for Maximum and Consistent Gains
- Diversification
- Putting It All Together
- The Psychology and Discipline of Trading