John Netto, a former U.S. Marine, designed his “One Shot–One Kill” trading methodology to leverage the patience, discipline, and execution skills he learned in the military with the technical skills he has mastered in the marketplace. In One Shot-One Kill Trading, Netto explains in detail his complete, proprietary One Shot – One Kill Trading Method.
Introduction:
In my career, I have had many profitable days of trading, as well as days that were not so good, but the method I used to enter this trade is the same style I use to trade for a living. Being ready to execute on these types of setups, at major inflection points in the market, days in advance, is what this book will teach you to do. I was there that day with a plan of attack and executed on it, walking away with a sizeable gain by going short at the open, and adding to the winning position, until it hit my price target.
One Shot – One Kill will walk you through all of the necessary components of the method to systematically and tactically make trades like the one described above. This book provides real-life examples of how to apply this method. Regardless of your skill level now, this book will make sure that when you finish reading you will have a solid understanding of what components are necessary to properly execute on these types of setups.
While it may seem sexier to get straight to the trades, building a solid foundation is critical to successful trading, as it is to every successful business endeavor. This book is set up to cover all of the important aspects of trading this method: from screen setups, software, and brokerage accounts in Chapter 1, to walking-through a real-time trade in Chapter 12. I even go as far as to discuss taxation guidelines and information specifically for traders.
The use of Netto Numbers is something that is a critical component to the One Shot – One Kill Method, as it is the Netto Number itself which helps you ascertain how strong or weak a prospective trade candidate is. A trade setup based on a Netto Number is made up of a total of 30 points, with the chart formation accounting for 10 of those points, the Fibonacci levels accounting for another 10, and ancillary technical indicators accounting for the last 10. Chapters 2 through 4 will go over the 30 points and provide the basis for tabulating and creating a Netto Number. As mentioned throughout the book, Netto Numbers serve as a redundant means to help you buy weakness in rising markets and sell strength in falling markets while taking profits at predetermined price targets. The best Netto Numbers for long positions will usually be stocks that have made new highs and have a short-term pullback; for shorts, that would be stocks that have made new lows and have put in a modest bounce.
Netto Numbers are to the One Shot – One Kill Method what a foundation is to a fortress. That is to say, Netto Numbers dictate entry and allocation, while the One Shot – One Kill Method deals with everything from adding into winning positions through the Money Management Matrix to understanding your comfort level. With that being said, the more experienced traders out there may be able to skim through some of the early chapters. Nevertheless, it is still incumbent upon you to have a clear understanding of all of the components that go into this method, so that by the time the book progresses to the more advanced material you will have a solid foundation from which to work.
Contents:
- Importance of Ease of Operation
- Technical Analysis Indicators: Weapons of War
- Profitable Chart Formations
- Fibonacci Levels: The Basis of Price Targets
- Profiting with Inflection Points
- Going Short: Profiting from Those Less Able
- Trade Preparation: Using the One Shot –One Kill Method
- Dynamics of a Trading Day: Where to Focus
- Entry Techniques: Knowing When to Strike
- How to Exit a Trade, Lock in Profits, and Limit Losses
- The Importance of Eliminating Mistakes
- Making A Real-Time Trade One Shot – One Kill: From the Chalkboard to the Battlefield
- Implementing the One Shot – One Kill Method into Your Trading
One Shot One Kill Trading By John Netto pdf
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