Strategies for Profiting on Every Trade is an accessible, reliable course for the trader looking for profits in the competitive, dynamic world of trading. Each section of the book offers clear examples, concise and useful definitions of important terms, over 90 charts used to illustrate the challenges and opportunities of the market; and how you can take advantage of patterns. Written in the parlance of the day trader’s world, you’ll enjoy the experience of being taught trading skills by the best of the best. This focused and effective trading resource features seven key lessons to further a trader’s education including market basics, managing trades, psychology in trading and planning, technicals, utilizing charts, income versus wealth building producing trades, and classic patterns.
One measure of writing for traders and investors (as perhaps with writing for all others), is the ah ha! factor-a sentence or thought that provokes a feeling of enlightenment or deep understanding with the reader. Our hope is for numerous ah ha! moments to occur in these pages. Trading is a somewhat difficult subject to write about. As you learn and assimilate certain truths, these truths often can and should change for you later. What seemed quite profound to you at one time might seem a year later to be obvious-and no longer worthy of being mentioned. What has happened is that you have moved beyond this particular truth to a newer truth, a higher truth. In such fashion, the growing trader keeps moving beyond his own knowledge, outdating it.
At the same time, to someone new to the game of trading, these are still new truths, capable of changing one’s thinking and approach, so in that sense, one is wrong not to include them. The bottom line is that a trader’s approach continuously changes and evolves. Aside from the very newest beginners, and the.most experienced traders, almost everyone in the market is at a different level of knowledge. While I can’t honestly say that Strategies for Profiting on Every Trade was written as a companion volume to my earlier book, Tools and Tactics of the Master Day Trader, the reader of that earlier work will undoubtedly see a continuation of some of the ideas expressed in that book. Tools and Tactics dealt more with the psychology of the trader-his emotions, rnotivations, and frustrations-Strategies for Profiting focuses more on the game or activity itself.
This book is designed to address the needs of both income and wealth producing traders. There is a strong tendency to separate these two styles of trading into completely independent skill sets and approaches. But it is our view that not only can they not be split, but any attempt to do so would result in automatically curtailing your progress as a trader. In the same way that it is commonly understood that both your left and your right hand play equally crucial roles in everyday life, so do income trading and wealth trading play equally important roles in the daily lives of most successful traders. In other words,. one should never chose whether the income producing style of trading is better than the wealth generating style, or visa-versa. Rather one should look to become adept at both styles. This book will teach you just how to accomplish that.
- Lessons on Getting Ready
- Lessons on Some Basics
- Lessons on Managing
- Lessons on Psychology in Trading and Planning
- Technical Lessons
- Chart Lessons on the Market
- Lessons on Classic Patterns
Strategies for Profiting on Every Trade: Simple Lessons for Mastering the Market By Oliver Velez pdf