Trading FullCircle, Written by the charismatic Jea Yu, founder of UndergroundTrader.com reveals how that trading superstar did it and how you can too. Offering rare insight into the mind of a true market wizard, it shares his first-hand knowledge of the markets, acquired through thousands of hours of successful (and unsuccessful) trading. Never before has a master outlined, in such detail, the evolution of his system, nor provided such a wealth of practical guidance on how to adapt it to your trading style.
With the double whammy of the bear claws and decimalization, day traders disappeared like the dinosaurs, as did numerous market making firms. The ECNs took reign, notably ARCA, ISLD, and INCA. Then 9/11 happened when markets were already weak. The war in Afghanistan kicked off a market rally that nearly doubled the Dow. Hedge funds became the hottest worst kept secret, making the rich richer, especially the big brokers catering to these leviathans through their prime broker services. Program trading volumes skyrocketed as black box, gray box, and algorithm trading grabbed chunks of liquidity. Dark pools have gotten larger, dealing only with institutional clientele. Goldman Sachs is making billions with their black box programs capturing spreads, liquidity, and flash quotes. What about the balanced playing field and transparency? Never. The game is to find transparency before it becomes too transparent. Limit exposing your flaws while trying to exploit the market’s.
Everything in this book is first-hand knowledge, revealed as a result of thousands of hours of market participation. If anything, it will save you the ten years I spent to complete the trading system. I have found that rarity in and of itself determines value. Demand usually follows. Build it-and hold out long enough-and they will come. Every thought and word in this book has been meticulously handcrafted through blood, sweat, tears, and broken keyboards.
It is the culmination of a journey and all its lessons. As much as this book is about the markets, it goes much deeper. It started with the markets and manifested into life epiphanies. You mean the markets are correlated with life? Believe me, it’s true, it’s true! That is what the journey is about; finding the truth, tasting the essence, and bathing in the enlightenment.
- Starting with Failure
- What is the “Edge”?
- Markets Over Methods
- Taking Time off from Trading
- Proper Allocation of Shares
- Preparation Will Save Your (Trading) Life
- Basic Training
- Quick Fundamental Analysis
- Utilizing Options for Leverage and Hedging
- The Playbook
- Situation Trades
Trading FullCircle: The Complete UndergroundTrader System For Timing and Profiting in All Financial Markets By Jea Yu pdf