Step by Step Trading will introduce you to self-organization and risk management, but zoom into technical trading tools. We’ll cover indicators, several trading systems, setting profit targets and stops, and much more. What’s unique about this book is that all of its charts, tools, indicators, and systems have been programmed and are waiting for you at www.Stockcharts.com. If you have different software, you can still use this book because its concepts are universal.
Congratulations on becoming a StockCharts.com member. You have taken an important step towards becoming a successful trader. This book will guide you through the next several steps. My goal in writing it was to help you avoid common pitfalls and master the key principles that will serve you for the rest of your trading life.
Most beginners jump into trading unprepared. They remind me of new skiers who hop into a gondola and ride to the top of a mountain without a clue how to ski down its slopes. This book will teach you the essentials of modern computerized trading. Even if you already have some experience, you’ll find much that is useful and perhaps even surprising in this book.
To help you focus on the process of becoming a successful stock trader, I’ve included the key lessons from my years of experience. This book, Step by Step Trading, will walk you through the essentials of this fantastically interesting but demanding craft and teach you its main do’s and don’ts. I believe that “less is more” in trading. Most traders needlessly complicate their work and hurt their results instead of improving them.
I suggest reading this brief book at least twice. Begin by loading it onto your favorite tablet or printing it out and read it once the old-fashioned way, relaxing in your favorite chair. Then go back and re-read it while sitting in front of your StockCharts screen, and implement its lessons. This will ensure that you absorb all of the essential information in this book.
We’ll begin by looking at the risks of trading and then set the essential money management rules. We’ll continue our journey of discovery by going step-by-step through the exact chart settings that I use – and of course explain how and why I use them. There is no need to waste time re-inventing the wheel if you can benefit directly from my years of experience.
- Starting Out on Your Journey
- Technical Analysis
- Trading Systems
- Trade Management
Step by Step Trading: The Essentials of Computerized Technical Trading By Alexander Elder pdf