In The Way To Trade Better John Piper returns to the fundamental topic of transforming yourself into a winning trader. Building on more than 30 years of frontline trading experience and over two decades of teaching and coaching, he explains how winning at trading involves turning your trading into a business.
Introduction:
If you are an individual trader, whether a novice or experienced, you will benefit from reading this book because:
- 1 – Trading the futures and options markets leads to a greater compounding of wealth than any other method available. Billions have been made in days on many occasions, and will be made again. Nothing else comes close.
- 2 – It is possible to make money in the markets consistently. It is possible to beat the market. The author, John Piper, among many others, has done it. To do the same you need to follow a proven methodology which suits your personality. This book explains how.
- 3 – This book also sets out a number of proven methodologies, giving you a head start in selecting the one which will work for you.
- 4 – But it also goes a lot further. John Piper wrote this book because he had never come across a book which deals with the whole issue of trading. There are many books which deal with market analysis, and technical analysis techniques. There are many books which deal with psychology.
- There are books which deal with money management and all manner of other subjects, some even cover a range of topics. But no other book covers it all, from a successful philosophy of trading, through all the psychology, into the methodologies, the operation thereof, and the end result.
- 5 – It is rare to find a book which appreciates that it is no good doing it “how I say.” We each have to find our own route to success. This book spells out why that is, and how to do it. That is what The Way to Trade is all about.
- 6 – The futures and options markets offer the biggest potential for growth, far more than is offered by stock markets. The people who really make it big do so in these markets. Perhaps more importantly you can make money whether markets go up or down. In coming years this may be important.
Trading is a life experience, it is not like any other business. As you become a better trader, you become a better person. But as you evolve it is difficult to look back at where you were. I believe this is why there are no other books which cover all the ground. Those traders who do make it often “forget” how they got there, not surprisingly, as a lot of the skills become subconscious.
However, John has always combined his trading with writing about markets. This has given him a fairly unique insight and forced him to express personal matters which other traders just assume. It has also forced him to more carefully examine the precise process involved in becoming a successful trader. It is solely through this process that John Piper “discovered” the Trading Pyramid. This is the first attempt to create a model for trading success and traders will find it immensely useful. So not only does this book take the trader right through from the beginning to the end result (trading profits, lots of them!) it also provides a framework against which to work.
Contents:
- THE UNDERLYING PHILOSOPHY
- MARKET TECHNIQUES AND METHODOLOGIES
- A CHART TUTORIAL
- AN OPTIONS TRADING CAMPAIGN
The Way to Trade: Discover Your Successful Trading Personality By John Piper pdf