Trade to Win explains the fundamental elements of author Thomas Busby’s proven trading approach–which deals with the significance and use of time, key numbers, and market indicators. Along the way, you’ll find strategies for trading stocks, options, futures, and other financial products, and go beyond the numbers to learn about a few of the often overlooked aspects of trading–including risk management, money management, and the impact of emotions on your trading.
This book is divided into three parts. Part One explains the fundamental elements of my trading approach. It deals with the signiﬁcance and use of time, key numbers, and market indicators. It also explains how these elements of trading work together to properly read the tape and understand the language of the markets. Part Two details speciﬁc trading strategies. You will ﬁnd strategies for trading stocks, options, futures, and other ﬁnancial products. If you have ever traded, you know the importance of risk management, money management, and emotions in successful trading. Without them, the best strategy will fail. Furthermore, Part Three offers guidance and strategies for putting all of the elements of trading together to enable you to approach the ﬁnancial markets with more wisdom and more strength. It is my hope that Chapter 18 will be especially helpful to you. It deals with real-world psychology to assist you in having the discipline to succeed.
Trading to win is a mindset. Those who succeed in the ﬁnancial marketplace are the ones that expect to do so. They do not win by accident. They learn about the markets. They work at their craft. As markets and technologies change, they change with them. There are two ways to gain lessons from Wall Street: let the market beat you up and teach you, or learn from someone who has taken the licks and teaches from experience. Through these pages readers have the opportunity to learn vicariously from a person who made his ﬁrst losing trade in the late 1970s but was not turned off by Wall Street—a person who is a professional trader, daily doing battle with the bulls and the bears of the ﬁnancial markets.
Throughout the text are 31 Pearls of Wisdom. They are numbered and scattered in text boxes as applicable throughout the book. Take note of these as they will aid you in your quest for success. I hope you ﬁnd the information in these pages helpful and that it will assist you in improving your consistency and your proﬁts.
- The Trader’s Edge
- Time Is Money
- Opening the Vault with Key Numbers
- Commonsense Market Indicators
- The Art of Trading
- The Path of Least Resistance
- News Pays
- Making Money with Bernanke
- Dancing with the Dax
- Money Never Sleeps
- Cashing in on Bonds
- Options Strategies to Make Money
- Reaping Profits on the Farm
- Going for the Gold
- Stocks and ETFs
- Beyond the Numbers
- Risk Management
- Psychology and Discipline: The Winner’s Edge
- The Last Word