Rules of the Trade: Indispensable Insights for Active Trading Profits

Successful traders know: Profitable trading is governed by rules. And while you might occasionally get lucky, nobody beats those rules for long. Rules of the Trade tells you exactly what those rules are. Written by online trading pioneer David Nassar, this insightful, example-packed book shows you what active traders do to consistently cut their losses while letting profits run, including:

• Always use limit orders— Determine what price you will trade at, and maintain control by finding liquidity
• Never take home a loser— Don’t hold sour trades overnight, just dump them as quickly as you can and move on
• Set mental stops— Impose essential discipline on yourself, while shielding your exit points from the market

Whether bull, bear, or turbulent, one aspect of today’s markets is clear­­–a lot of active traders are making a lot of money. Rules of the Trade will show you how to join their ranks by building your confidence, limiting your risk, and dramatically improving your odds of profit on every trade you make.