Trade the Trader: Know Your Competition and Find Your Edge for Profitable Trading
$12.41
| Author(s) | |
|---|---|
| Format |
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| Pages |
223 |
| Published Date |
2011 |
In Trade the Trader: Know Your Competition and Find Your Edge for Profitable Trading, top trader and hedge fund manager Quint Tatro shows how to win consistently in the “zero sum” game of trading, where there’s a loser for every winner. You’ll learn how to reflect your trading competition in every facet of trading and investing: choosing companies to invest in, knowing when to jump in and out of the market, and mastering the psychology and gamesmanship of trading.
When you trade, you’re not just trading companies that deliver goods or services. You’re trading against other traders who care about only one thing: taking your money. That’s the #1 hard reality of trading – and most traders either don’t know it, or don’t act as if they do.Coverage includes:
- Understanding the “other side of the trade”: the thousands of pros you’re trading against.
- Finding a technical edge with technical analysis you can exploit over and over again.
- Understanding sentiment and overcoming the human emotions and biases that cost you dearly.
- Utilizing the most essential strategies of fundamental analysis.
- Playing positions and probabilities, not P+Ls.
- Recognizing and capturing huge opportunities in down markets.
Contents:
- I’m Trading Against You
- My Story
- It’s All Opportunity
- The Other Traders
- Finding Your Edge
- Timing the Entry
- Trend Lines
- The Basics Are Not Enough
- Pick Your Time Frame
- Developing Your Plan
- Determining Entry Points
- Setting Stops
- How to Trade the Trader
- Using and Controlling Risk to Your Advantage
- Taking Gains
- Reviewing the Entire Plan
- It’s a Head Game
- Dealing with the Emotions
- Following the Trend
- The Blowup
Trade the Trader: Know Your Competition and Find Your Edge for Profitable Trading By Quint Tatro pdf
10 reviews for Trade the Trader: Know Your Competition and Find Your Edge for Profitable Trading
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Faith McKay (verified owner) –
Very insightful to anyone wanting to learn more about the mindset of a trader. He offers great advice on how to get better at all aspects of trading.
Miriam Harvey (verified owner) –
Great perspective on trading, loved the content!
Kamila Fields (verified owner) –
Excellent book, recommend to beginners traders. Explain everything with examples and details. Can’t wait to used and practice everything I learned.
Joey Hudson (verified owner) –
Gleaning the title, one might assume this was a more intermediary book on capitalizing from mass trader psychology, and how to do it in more thorough detail. The amount of the book devoted to what this suggests covers a small portion of the book, perhaps at most 2 chapters of the 20. Other than bringing this to your attention, which might be unbeknownst to you if you are only caught up in this charts without recognizing the human factor, or are new to trading, there are no specifics other than the suggestion that one may need to trade that counter trend, which says nothing at all.
The rest of the book actually was useful, in that he gives something of his trading style to be digested, which I don’t know how useful it might be to more advanced traders. But for someone like me, some of the more fleshed out sections on risk management and the differences between anticipatory, reactionary and delayed reactionary were most useful when he gave examples of how they might trade.
This is basically not a book based on what the title suggests. Just bear that in mind.
Cayden Wong (verified owner) –
I liked the part of the book where he talks about emotions. The technical part was pretty much nonexistent. Also the TA stuff he talked about is pretty much wrong. It is a very general trading book. Overall this is an average book that is just ok and nothing more.
Harlem Burton (verified owner) –
Trading is not a battle between you and other traders. If you treat your trades like you’re in a war, you’ll lose money.
After all you don’t control market, you have no control at all. Trading is understanding the flow of the market. Understanding flow is how to make money
Besides the battle analogy, I also feel like there’s a lot of bragging and some basics about trading. Not that helpful.
My apologies for not being more upbeat on this book.
Alex Murray (verified owner) –
I have been trading stocks for the past couple years, consistently losing money. At one point my trading account was down over $40,000. In just a few weeks of putting the lessons I learned from “Trading the Trader” into action, I have made back all the money I lost. On top of that, as of the close of the stock market today, August 11, 2022, my trading account is in profit for the first time ever. I now have over $2,200 profit in my account. It may not sound like much money, but after the emotional roller coaster I went through over the past couple years losing money. Trying to trade the ups-and-downs of the Covid economy; The recession market; Inflation; Gas prices; Food prices; And global instability. I am just grateful to have found a consistent formula that returned me back to where I started and will help me make steady and consistent profits from this point on.
Before I read “Trading the Trader” I felt like consistent stock trading was more complicated than solving a Rubik’s Cube. I kept trying different trading methods. I watched hundreds of YouTube videos; Joined trading groups; And Paid thousands of dollars for trading courses. I was at the point where I believed stock trading was just gambling and anyone that was profiting from it was just lucky. I was about to quit! Fortunately, I happened to come across “Trading the Trader” and started browsing through the book.
Before I realized it, I was fully engulfed in the book and couldn’t put it down. I found myself taking notes, highlighting sentences, doing more research on the topics I was reading about, and experimenting using the key points. Now I understand what I need to do each day to be successful as a stock trader. What plans I need to implement, and how to put in the necessary time and effort to be consistent.
My opinion about the book is one thing, but the fact is, the numbers don’t lie. In the past 9 trading days I profited $15,246.98. In the past 5 days alone, I profited $11,093.82.
As I said in my headline, “This book changed my life” It truly has! I hope that you find this book as life changing as I did.
Guadalupe Best (verified owner) –
Throughout the book, the author tells us that he is going to take us beyond standard technical analysis and show us how to “trade the trader.” There are a few examples of that (e.g. sometimes you go in the opposite direction of a standard chart setup because it’s going to reverse when the breakout doesn’t occur based on who is in the trade using technical analysis, etc.). And there are a few chart examples sprinkled throughout the book showing potential entries and potential stops. But overall, the book simply provides standard technical analysis principles that I’ve found in a dozen other books, except that this book is shorter on technical analysis detail than many other books.
Basically, there’s a lot of promising without delivering. One example – early in the book, the author talks mentions about how a stock will often plunge below your stop that is based on looking at the chart (support levels, etc.), only to go back up – having experienced this more than once, I was eager to read the chapter on stops to see how the author suggested dealing with that. But the chapter on stops mostly talks about not having an arbitrary standard stop level (e.g. 5% on every trade), but basing your stop essentially on what you see on the chart. That’s standard technical analysis, nothing particularly helpful beyond what’s in many other technical analysis books (and again, with far less detail)
Adelaide Mills (verified owner) –
The book has a catchy title, but it doesn’t deliver on that title. No need to write a book if its whole premise is one thing: technical patterns don’t work as reliably as they did in the past, before everybody started to use them.
Clayton Holland (verified owner) –
Talks about stuff that other books don’t mention like how to take profit. And actually lay out a real strategy. I do want to know how he determines his fundamentals a little more though but technical analysis information was great and the most important is strategy