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Search The Psychology of Trading |
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Search results: 33 articles (Search results 1 - 30) :
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#1: E-Books : Trading Stategies for Capital Markets by Joseph Benning |
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| The Author: ompeompe | 1 June 2009 | Views: 1177 |
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In order to succeed in the capital markets, professional traders and investors must understand that markets aren't ma thematical abstractions, but dynamic, real-time reflectors of the world we live in. You need to know how the capital markets work. To compete in today's complex and fast-changing capital market, you need a broad range of information and skills in order to develop and implement favorable trading strategies. Trading Strategies for Capital Markets is a comprehensive guide that shows how capital markets work in the real world, fully exploring price drivers, major players, key elements of the securities and derivatives traded, and ways of devising on-target trading strategies. Designed to dramatically improve trading success, Trading Strategies for Capital Markets equips professional traders and investors with an all-in-one reference for understanding the complexities of the capital markets and seizing the many opportunities they offer. |
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#2: E-Books : Mechanical Trading Systems by Richard L. Weissman |
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| The Author: ompeompe | 1 February 2009 | Views: 1552 |
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The book is highly recommended for almost anyone involved in trading, forecasting, or studying the markets A wide variety of flexible trading systems that combine sophisticated technical analysis with trading psychology theory. Mechanical Trading Systems examines the development process for choosing and using mechanical trading systems in conjunction with trader psychology. This book discusses the advantages and disadvantages of mechanical trading systems; the dangers in system development and how to avoid them; the optimal methods for back-testing trading systems; position sizing and o ther risk quantification tools; and methods of improving rates of return on investments without significantly increasing risk. Most importantly, through a detailed examination of various types of unsuccessful trader personality traits (e.g., fearfulness, greed, and impatience), the book recommends different types of trading systems for a diverse array of trader types. |
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#3: E-Books : Dave Landry on Swing Trading by Dave Landry |
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| The Author: ompeompe | 24 January 2009 | Views: 1307 |
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No time to day trade? Intermediate-term and long-term trading not enough? Then, swing trading is for you. Now, David Landry, Director of Trading Research for TradingMarkets has put his entire swing trading methodology into one book to teach you how to trade successfully, every day. Dave Landry on Swing Trading takes you from his daily routine to the exact methods David Landry uses day-in and day-out in his own analysis and trading. More than a dozen momentum-based strategies that pinpoint opportunities based on pullbacks and capitalize on false market moves. He also teaches you how to use volatility to select the right stocks and low risk/high reward set-ups. This is a complete manual on swing trading which includes everything the beginner and intermediate trader needs to get started trading quickly. Readers will learn a great deal and...likely understand concepts they have heard of before but never quite "got". The following sections are included in his book to help you improve your trading results: Trend Qualifiers - Determining which stocks are moving with the general market trend is the first step. Learn how to precisely identify strongly trending stocks. |
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#4: E-Books : Study Guide for Entries and Exits by Alexander Elder |
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| The Author: ompeompe | 24 January 2009 | Views: 1697 |
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Dr. Alexander Elder leads you into 16 trading rooms where you meet traders who open up their diaries and show you their trades. Some of them manage money, o thers trade for themselves; some trade for a living, o thers are on the semi-professional level. All are totally serious and honest in sharing their trades with those who would like to learn. You will meet American and international traders who trade stocks, futures, and options using a variety of methods. All are normally very private, but now, thanks to their relationships with Dr. Elder, you can see exactly how these traders decide to enter and exit trades. Each chapter illustrates an entry and an exit for two trades, with comments by Dr. Elder. With this book as your guide, you can get closer to mastering the key themes of trading— psychology, tactics, risk control, record keeping, and the decision-making process These 101 questions, including twenty-five case studies, will challenge you to master the essential aspects of successful trading. Be sure to work through this companion volume to Entries & Exits: Visits to Sixteen Trading Rooms before you risk a dollar in the markets. |
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#5: E-Books : Entries & Exits by Alexander Elder |
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| The Author: ompeompe | 24 January 2009 | Views: 1233 |
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Dr. Alexander Elder leads you into 16 trading rooms where you meet traders who open up their diaries and show you their trades. Some of them manage money, o thers trade for themselves; some trade for a living, o thers are on the semi-professional level. All are totally serious and honest in sharing their trades with those who would like to learn. You will meet American and international traders who trade stocks, futures, and options using a variety of methods. All are normally very private, but now, thanks to their relationships with Dr. Elder, you can see exactly how these traders decide to enter and exit trades. Each chapter illustrates an entry and an exit for two trades, with comments by Dr. Elder. With this book as your guide, you can get closer to mastering the key themes of trading— psychology, tactics, risk control, record keeping, and the decision-making process. Entries and Exits: Visits to Sixteen Trading Rooms is an important and essential addition to any trading library. A novice trader or one of intermediate experience will find almost endless wisdom to be mined here, but there are also many, many gems for seasoned pros. Imagine being able to sit for hours with 16 traders and pick through in detail their philosophy of trading, their most commons errors, the wisdom they have learned from years of markets--bull markets, bear markets, consolidations, doldrums--and being able to view their trading logs and actually re-trade with them their winners and losers. |
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#6: E-Books : Come Into My Trading Room by Alexander Elder |
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| The Author: ompeompe | 24 January 2009 | Views: 1163 |
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You can become a successful trader. It has been done before, and it is being done right now, today, by people around the world. If you enjoy learning, if you are not scared of risk, if the rewards appeal to you, and if you are prepared to put in the work, you have a great project ahead of you. In Come Into My Trading Room: A Complete Guide to Trading, Dr. Alexander Elder takes you far beyond the three M’s (Mind, Method, Money) of his international bestseller Trading for a Living. He teaches you to manage your money and time, as well as strategy, so that you can enter the markets with confidence and exit with profits. This essential book educates the novice and gives more power to the professional through expert advice, proven trading methods, and something entirely unique–a visit to Dr. Elder’s own trading room. You get to follow him through several actual trades, whose entries and exits illustrate many of the key concepts of this book. Come Into My Trading Room will help you master a new way of trading stocks, futures, options, and currencies. Unparalleled depth and a wide range of coverage give you the best chance to become the trader you’ve always wanted to be. |
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#7: E-Books : Investment Psychology Explained by Martin J. Pring |
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| The Author: ompeompe | 22 January 2009 | Views: 1233 |
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Expert advice in a back-to-basics handbook on how to beat the market—the classic wayIn Investment Psychology Explained Martin J. Pring, one of the most respected independent investment advisors in the world, argues that in the revisionist '90s there are no quick, magical paths to market success. Ra ther, he emphasizes the timeless values of hard work, patience, and self-discipline—and much more. Drawing on the wisdom of creative investors such as Jesse Livermore, Humphrey Neill, and Barnard Baruch, as well as his own experience, Pring shows how to: * Overcome emotional and psychological impediments that distort decision making * Map out an independent investment plan—and stick to it * Know when to buck herd opinion—and "go contrarian" * Dispense with the myths and delusions that drag down o ther investors * Resist the fads and so-called experts whose siren call to success can lead to disaster * Exploit fast-breaking news events that rock the market * Deal skillfully with brokers and money managers * Learn and understand the rules that separate the truly great investors and traders from the rest Reading Investment Psychology Explained will give you a renewed appreciation of the classic trading principles that, through bull and bear markets, have worked time and again. You'll see, with the help of numerous illustrative examples, what goes into making an effective investor—and how you can work toward achieving that successful profile. |
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#8: E-Books : The Day Trader's Advantage by Howard Abell |
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| The Author: ompeompe | 8 January 2009 | Views: 1675 |
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The meteoric rise of electronic trading has swelled the ranks of day traders profiting from minute changes in the value of a given market or investment within the trading day. Without the psychological or technical background to be successful, many traders can lose their life savings "playing" this challenging market. To have an adviser and mentor with nearly 30 years' professional trading experience, willing to share his techniques as well as the secrets of the best and most successful traders, offers an unprecedented opportunity for every day trader willing to learn the ropes. Every trader can discover high-profit insights into the dramatically changing face of day trading, including profiles and secrets from top traders and market experts. In The Day Trader's Advantage, Howard Abell focuses on the dynamic real-time market characteristics, the psychological considerations and changing technologies required to make more winning trades. Here traders will find a wealth of proven, profit-making strategies, including: *online day trading techniques to maximize profits *how winning day traders think *technical tools to achieve market discipline and consistency *how to predict the best market entry and exit points *day trading opportunities in both equities and futures * the psychology of success and overcoming barriers |
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#9: E-Books : Trade to Win by Thomas L. Busby |
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| The Author: ompeompe | 7 January 2009 | Views: 1039 |
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Divided into three comprehensive parts, 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 o ther 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. Those who succeed in the financial marketplace are the ones who expect to do so. They learn about the markets, they work at their craft, and, as markets and technologies change, they change with them. If you're looking for a trading system for all markets, you won't find it here. In fact, you won't find it anywhere. Systems don't work because financial markets are always in a state of flux. Nobody understands this better than author Thomas Busby. Over the years, he has traded an array of products, including equities, futures, commodities, precious metals, ETFs, and options, and, in so doing, has developed some sensible moneymaking strategies. Now, with Trade to Win, you have the opportunity to learn from a professional trader who teaches from the experience of doing daily battle with the bulls and bears of today's financial markets. |
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#10: E-Books : The Market Guys' Five Points for Trading Success by A. J. Monte |
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| The Author: ompeompe | 4 January 2009 | Views: 1381 |
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The stock market is full of risk and uncertainty, but can bring great rewards to those who plan and execute properly. Rick and AJ give you the navigational tools to profit in the market through this book. Easy to read and understand, this book will help the novice and expert alike reach their financial goals. The Market Guys' Five Points is much more than five points. Creating a plan, dealing with emotions, trading psychology, and technical analysis are just some of the topics explained. Most people think trading markets is easy, but the process is fraught with pitfalls, snares, and delusions. This book is written by two savvy veteran traders. Applying the wisdom contained here will not guarantee success, but it will very definitely put the odds strongly in your favor. This is a wonderful introduction to terminology and a fresh approach to the stock market. It gives the reader a language and way of thinking that is new, providing a great foundation for fur ther research. These authors are to be commended for an excellent book on the stock market and how it works. |
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#11: E-Books : Elliott Wave Principle Forex by Robert Balan |
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| The Author: ompeompe | 28 December 2008 | Views: 2032 |
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This book is recommended for all those who want to learn the ever popular principle which is ' The Elliott Wave Principle'. Believe me, you cannot find a better book to introduce you to the Elliott wave principle which does not give you a very big headache at the end. Most of the o ther book that was written of this topic are so cumbersome and difficult to kepp up with but not this one. This book was written by Robert Balanl who is a professional writer and researcher. For the first time since its discovery in the 1930’s, The Elliott Wave Principle has been statistically analyzed, verified, refined and improved. The strengths of Elliott have been verified, the weaknesses identified and corrected. The result is a more powerful and accurate market-forecasting tool than ever before available. If you are serious about taking money out of the markets, you need this critical information. This is a definitive, excellent book on Elliott, and I recommend it to all who have an interest in the Wave Principle. It is the definitive work on a scientific wave theory of human experience. If you are interested in technical or wave analysis, it should be required reading. |
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#12: E-Books : Fibonacci Trading by Carolyn Boroden |
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| The Author: ompeompe | 25 December 2008 | Views: 2819 |
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This book has everything you need to get started in applying the Fibonacci method to futures and commodities trading analysis. A very well written book with lots of good examples. Highly recommended whe ther your a beginners and novice. Fibonacci Trading offers new insight into pinpointing the highs and lows in market trading with a proven approach based on a numeric pattern known as the Fibonacci series. Armed with the know-how and tools inside, you'll learn how to maximize profits and limit losses by anticipating market swings based on an enlightened understanding of how Fibonacci levels determine market trends. Traders reading this book will have a better understanding of technical analysis and charting. Specially when they want apply Fibonacci. This hands-on guide is packed with a wealth of actual trading situations, setups, and scenarios that bring the four-step formula to life so you can immediately use it in the real world. Made famous by the Italian ma thematician Leonardo De Pisa, the Fibonacci number series holds a Golden Ratio that is universally found in nature and used by architects, plastic surgeons, and many o thers to achieve “perfect” aes thetic proportions. Now, in this groundbreaking guide, noted technical trading advisor Carolyn Boroden shows you how Fibonacci pattern studies can be used as an extremely effective method for achieving greater profitability in stocks, futures, and Forex markets. |
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#13: E-Books : Adventures of a Currency Trader by Rob Booker |
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| The Author: ompeompe | 23 December 2008 | Views: 1114 |
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You will find this book riveting and occasionally amusing, but nothing less than eye-opening. A truly easy, unique, and enjoyable read! Rob has done it once again to teach us in the funniest way possible how not to make the most common trading mistakes. If you are tired of reading how-to books, this is perfect for you. This book is highly recommended to all traders. Everyone will learn something about themselves by reading this book. Adventures of a Currency Trader is a must read for anyone who has ever traded or is thinking about trading in the Forex markets. Rob Booker has a unique way of taking years of market knowledge and transforming it into an educational and entertaining experience. Brilliant! Rob's humor and humanity shine through in this parable about trading and life. Filled with wisdom and wit, it's an exhilarating rollercoaster ride through the peaks and valleys of the learning curve, with many valuable lessons learned along the way Rob's fable of everyman 'Harry Banes' is destined to become a trading classic. This is both the missing piece and the foundation that comes before the strategies and methodologies. The search for the Holy Grail begins and ends in the heart and mind. The journey is au thentic and real and if you're willing to take it with Rob, you will be rewarded in the end. Seldom has psychology and wisdom been so entertaining. |
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#14: Music » Music Video : Advanced Elliot Waves by Steven Poser |
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| The Author: ompeompe | 22 December 2008 | Views: 3681 |
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Steve Poser is one of the few people who can integrate Elliott Wave analysis into a normal conversation on the markets and make sense. Author and Elliott Wave expert Steven Poser takes a fresh approach to this proven trading strategy, giving you the most well-rounded and straightforward lesson on how to make money using Elliott Wave theory. The issue of Elliott Waves or any o ther technical tool is that it is ambiguous what is going on at any point in time. Even after the fact, many technicians will disagree about what the charts show. So how do you decide what trade to make? This video contains many excellent detailed examples that will help you understand, and gives you a format to follow for the future. The essence is to find potential trades with much more likelihood of gain than loss . . . and a gain potential that is much larger than the loss potential as well. How do to that is well described here for stock indices, stocks, bonds, currencies, and commodities. In this special video by respected author and technical trading advisor Steven W. Poser, head of Poser Global Market Strategies, Inc., you’ll learn literally everything the pros know about Elliott Wave Theory, how they interpret it relative to current market movements, and how they use it in making profitable technical trading decisions. |
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#15: E-Books : Candlestick Charting Explained by Gregory Morris |
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| The Author: ompeompe | 22 December 2008 | Views: 2320 |
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Great book, great content. This is not a book about theory and history of candlestick charts. He doesn't waste your time telling you what he thinks. Instead, this book gives specific results of candle patterns based on back-testing done by the author. He clearly defines each pattern discussed and then % of likelyhood of a reversal, continuation, and so forth. This is the kind of information that can be applied to your trading system to improve your profits. One great difference is that this book is easier to use. It has a standardized format for all the patterns with Commentary, Rules, Psychology Behind the Pattern, Flexibility, Pattern Breakdown, Related Patterns, Examples. This is VERY GOOD. It's only search the pattern and read what you want to know. It has a table with a resume about the pattern too. You will know all about candlesticks. And this book is easier to use and to consult. And what's more? This book has an in depth review of Candlesticks, patterns and practical application to Technical Analysis for Investors than Steve Nison's book. With this book you will discover candlestick charting, one of the most popular tools in technical analysis. Candlestick Charting Explained features updated charts and analysis as well as new material on integrating Western charting analysis with Japanese candlestick analysis, grouping candlesticks into families, detecting and avoiding false signals, and more. |
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#16: E-Books : Elliot Wave Books and Videos |
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| The Author: ompeompe | 22 December 2008 | Views: 2480 |
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If you are looking for a general introduction to Elliott Wave theory and practice, then this book is definetly not for you. In that case, I ra ther suggest starting with Prechter's "Elliott Wave Principle" from 1979. If you are prepared to spend a lot of time working through the large number of conditions contained within this book, however, (especially using your own data) you will find this a most rewarding endeavor. Wave theory is not for the faint-hearted, it requires a lot of patience and application to give you the building blocks to come up with a view of the market. This Rar, you will find: Mastering Elliott Waves by Glenn Neely, Elliot Waves by Rich Swannell and Elliot Waves - A Comprehensive Course On The Waves. Also, I added 3 videos These books are actually for those who want to "master" the Elliott wave theory. Since Fibonacci numbers and golden ratio are the most important parts of the wave theory, These books are the best about how to apply Elliot Wavei techniques on a price chart. Not only the price distance, but the time elapsed to form the waves are dependant with the Fibonacci numbers theory and these books will teache you how to use them. |
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#17: E-Books : Volatility Trading by Euan Sinclair |
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| The Author: ompeompe | 20 December 2008 | Views: 2408 |
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Volatility Trading is presents a framework for analysis that is supported by a clear, well-defined trading philosophy: systematically find an edge and learn how to exploit it correctly. Successful trading, says Euan Sinclair, is about developing a consistent process. You must have a goal; you must find trades with a clear statistical edge; you must capture that edge and size each trade in a way that is consistent with your goal. Everything else you do must be done within this framework. You will find the chapters on this book specially volatility measurement and forecasting to be particularly useful. Few options traders take the time to understand the efficiency of their volatility estimators. Even fewer could clearly communicate that what we need is a view on the volatility distribution ra ther than a point forecast when we are trading volatility. The chapter on money-management alone is easily worth the price of the book. The author's mix of trading philosophy, quantitative intuition, and obvious trading experience is refreshing. The straight-forward no nonsense writing style also makes the book very readable. This book would recommend to any quantitatively-minded trader. |
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#18: E-Books : Forecasting Financial Markets by Tony Plummer |
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| The Author: ompeompe | 13 December 2008 | Views: 1014 |
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This book will entertain and intrigue keen investors. A brilliant, original, insightful work... deserves to be read by all serious technical analysts... Highly recommended! Many technical analysts like to forget that they live in the real world. Technical analysis is based on the idea that the patterns drawn by stock prices can be used to forecast the financial markets. The field of behavioral finance essentially looks at this psychological give and take from an academic perspective, while technical analysis is largely a real life application. Tony Plummer brilliantly bridges this gap by showing how and why these patterns develop. He also discusses his own take on Elliott Wave Theory in a cogent and interesting manner. Forecasting Financial Markets provides a compelling insight into the psychology of trading behavior and shows how "following the herd" can have disastrous results. It demonstrates how one's ability to make money in the world's financial markets depends critically on an ability to make decisions independently of the crowd. |
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#19: E-Books : A Trader's Money Management System by Bennett A. McDowell |
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| The Author: ompeompe | 11 December 2008 | Views: 1756 |
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Read this book before you lose your life savings or a portion thereof. Most "non professionals" play in markets without a plan or system. It may be true that more people lose money in the market than make money in the market, especially in 2008. Well, if you fall into this category you need to read and use this book before you make ano ther trade. Money management discipline is more important than stock picking! This book is an easy read. It will, in a clear and concise manner, guide you to create your trading system for money management ("preservation"). Learn your strengths and identify your weaknesses. Understand your risk psychology and how to develop a "Traders Mindset" that fits you. Entry rules, stop-loss exits, risk-of-ruin tables, tracking systems and risk management rules, it is all here. A Trader's Money Management System by Bennett McDowell is a book well worth the time for anyone who is serious about becoming a "successful" trader. Money management may very well be the most important piece of the trading puzzle. In A Trader's Money Management System, expert Bennett McDowell provides time-tested techniques that can turn a losing trader into a winning oneand take the winning trader to an entirely new level. In revealing his personal approach to staying out of trouble in the financial markets and maximizing profits, he offers comprehensive insights into: * The psychology of risk control as well as the finer aspects of setting stop-loss exits * The value of managing trade size and consistent record keeping * The process of putting toge ther your own personal money management system |
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#20: E-Books : New Trading Dimensions by Bill Williams |
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| The Author: ompeompe | 9 December 2008 | Views: 3381 |
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A powerful new way to navigate today's unprecedented market conditions. Bill freely shares his knowledge & experience & offers sound, tested principles. ...should be required reading for market technicians and he has a gift for explaining successful trading concepts. Williams' wisdom, technical expertise, and skillful teaching style makes this a revolutionary must-have new book for stock and commodity traders. This is a compelling work that belongs in every trader's library. Bill Williams has always been an excellent teacher, taking complex terms and concepts and translating them into a clear, commonsense approach to trading. This book provides a complete trading program that reflects Bill's years of wisdom and experience in the marketplace. As today's market environment continues to change dramatically, more and more traders are discovering that traditional forecasting methods-pure technical analysis and fundamental analysis-just do not work. Sending out contradictory messages, these opposing schools of thought leave investors baffled about the future direction of the market, and consequently, at a loss as to how to tailor their trading systems. As a result, many practitioners have now turned to a new forecasting "cocktail" that combines traditional charting methodologies with chaos theory and human psychology. In this groundbreaking book, Bill Williams, a seasoned trader at the forefront of this dynamic new approach, explains exactly what it is, how it works in current stock and commodity markets, and how to use it to your advantage. |
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#21: E-Books : How I Trade for a Living by Gary Smith |
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| The Author: ompeompe | 5 December 2008 | Views: 1748 |
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If you want to really learn to trade for real profits, not hypo thetical, mumbo-back-tested programs, this book is a must. Get it. "How I Trade for a Living" is a remarkable book; truly a treasure trove of market information.. Highly recommended. Straight talk from an accomplished veteran on how to succeed as a full-time trader. Gary Smith recounts the obstacles he overcame on the road to trading mastery and describes the strategies, indicators, and insights he used to reach his goals. It is always valuable to get inside the mind of a successful trader. Gary Smith does a good job taking you there in a book loaded with useful tips and helpful hints. A worthy addition to any trader's library "In How I Trade for a Living" Gary Smith dispenses a healthy dose of that rarest of all commodities, vicarious experience from a consistently winning trader. New traders will find great benefit from looking over Smith's shoulder as he generously shares with the reader the valuable knowledge he has gained over three decades of tradin |
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#22: E-Books : Contrarian Investment Strategies by David Dreman |
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| The Author: ompeompe | 4 December 2008 | Views: 1336 |
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David Dreman has written one of those rare, original books on the market that appear every generation or so. Powerful, profound, and extremely well documented, it provides totally new strategies for investing in the 1990s and beyond. There are relatively few good money managers or good writers on investment. David Dreman is both. This is a great book for all investors, laymen and professionals alike. David Dreman's name is synonymous with the term "contrarian investing," and his contrarian strategies have been proven winners year after year. His techniques have spawned countless imitators, most of whom pay lip service to the buzzword "contrarian," but few can match his performance. His Kemper-Dreman High Return Fund has been the leader since its inception in 1988 -- the number one equity-income fund among all 208 ranked by Lipper Analytical Services, Inc. Dreman is also one of a handful of money managers whose clients have beaten the runaway market over the past five, ten, and fifteen years. Now, as the longest bull market in the history of the stock market winds down, there is increasing volatility and a great deal of uncertainty. This is the climate that tests the mettle of the pros, the worries of the average investor, and the success of David Dreman's brilliant new strategies for the next millennium. "Contrarian Investment Strategies: The Next Generation" shows investors how to outperform professional money managers and profit from potential Wall Street panics -- all in Dreman's trademark style, which " The New York Times" calls "witty and clear as a silver bell." Dreman reveals a proven, systematic, and safe way to beat the market by buying stocks of good companies when they are currently out of favor. At the heart of his book is a fundamental psychological insight: investors overreact. Dreman demonstrates how investors consistently overvalue the so-called "best" stocks and undervalue the so-called "worst" stocks, and how earnings and o ther surprises affect the best and worst stocks in opposite ways. |
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#23: E-Books : Trend Following: How Great Traders Make Millions in Up or Down Markets by Michael W. Covel |
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| The Author: ompeompe | 3 December 2008 | Views: 2074 |
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Michael Covel does an excellent job of educating his readers about the little-known opportunities available to them through one of the proven best hedge fund strategies. This book is like gold to any smart investor. A most interesting book -- definitely a 'must have' on your shelf. Pull out the plastic and get it!...Trend Following is well constructed, well written and an excellent distillation of the research undertaken by the author. Backed up by trading 'legends' like Ed Seykota, it convincingly argues that the most successful trading systems are based on trend following...While you may read the book in bed, especially the first time, it is best read at a desk with a notepad handy. While seeming to come from the perspective of technical analysis it is still a very good book on trading psychology... The book is both a great read and an insightful textbook for all traders. Covel has created a very rare thing - a well-documented and thoroughly researched book on trend following that is also well-written and easy to read. It touches on a wide variety of the principles and practices which make for successful trend following. |
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#24: E-Books : Pattern Recognition and Trading Decisions by Chris Satchwell |
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| The Author: ompeompe | 2 December 2008 | Views: 1466 |
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Success in technical analysis is all about recognizing, and quickly acting on, patterns of market behavior. Pattern Recognition and Trading Decisions shows active traders how to realize when a pattern is developing, distinguish between a genuine pattern and a misleading series of events, and apply this recognition for success in specific trading situations. A how-to guide that steers clear of difficult calculations and formulas, this dynamic book--from an author tabbed "far ahead of anyone else" by technical analysis guru Martin Pring--is destined to be on the desktop of every serious technical trader. "Pattern Recognition and Trading Decisions" shows how to recognize the many types of patterns that exist, and also how to distinguish a genuine pattern from a misleading one. What separates this book from many o ther books on technical analysis is that the author shows how to verify a pattern using several different and statistically independent perspectives, thus increasing the likelihood that the pattern is valid. |
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#25: E-Books : The Way to Trade by John Piper |
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| The Author: ompeompe | 2 December 2008 | Views: 1452 |
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The trading pyramid concept is conceptually very sound - although here and there a bit forced. The 55 steps to success is most enlightening. Piper understands this business. The best of this book is how Piper rightfully downplays the role of trade triggering techniques. This is a must read for everyone that thinks trading is nothingmore than an excercise in technical analysis. It is much much more and you will be well advised to get your hands on a copy. This is one of the best on psychology. There are 28 chapters and a summary of the main points at the end of most chapters. He talks a lot about risk, money management, discipline, rules, etc. The foreward is written by Alexander Elder which says a lot in my book. The author is British and refreshingly frank with some of his comments. This is one of those books that if you heed the advice, it could save you thousands of dollars and years of frustration. Most people lose in the markets for one simple reason - they trade emotionally. Good trading is not a question of doing, it is a question of being. How do you trade? Trading is a life experience. It is not like any o ther business. The beauty of trading is that it becomes an expression of your own personality. The truth is, good traders don't do, they simply are. And to become a good trader you have to create a model built around an approach that suits you. The Way to Trade will help you do just that.Find your own route to success. |
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#26: E-Books : The Disciplined Trader by Mark Douglas |
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| The Author: ompeompe | 2 December 2008 | Views: 1952 |
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The Disciplined Trader is that Mark Douglas has no formal training in psychology. Ra ther, Douglas was trained in the only classroom that matters- the battlefield of actual trading. Even though this book was published in 1990 and there have been a plethora of trading- psychology books published since then, Douglas' material stands out has an innovative classic. He just uses his own gift for seeing the mental shortcomings of the losing trader and spells out his own fresh insights on what we, as traders, need to do to experience real success in trading. Our committed expectations about the future will act as a force on our perception of market information to control its flow into our mental system in such a way as to avoid a confrontation with anything that doesn't conform with what we already believe is possible. Got that? Then this book is for you. Offers rare insight from an expert in the dynamics of trading psychology. Shows why most traders are unprepared for the strategies required for success in trading, and why behaviors which are learned to function effectively in society are often formidable psychological barriers to trading profitably. Shows that the chaos isn't in the markets...it is in the trader's head! Presents revolutionary, ideas on discipline, responsibility, and sell-esteem, and the impact of your attitudes on your future success or failure as a trader. Gives a step-by-step approach to successful attitudes and behavior. |
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#27: E-Books : Enhancing Trader Performanceby by Brett N. Steenbarger |
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| The Author: ompeompe | 28 November 2008 | Views: 2055 |
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Successful traders know that winning has less to do with technical knowledge and more to do with understanding yourself, pinpointing your strategy and process, and implementing it in a consistent, disciplined manner. Enhancing Trader Performance shows that your personal success lies at the intersection of your talents, skills, and opportunities. Brett guides you toward identifying your talents, developing your skills, and applying both as opportunities arise. For anyone interested in improving their trading, reading this book may be one of the best trades you ever make. The one statement in the book that stands out, 'You cannot have trading consistency if you do not have emotional consistency,' says it all. This book must be read, and reread, if you want to succeed in the trading arena. Through his own trading experiences and those of individuals he has mentored, Dr. Brett Steenbarger is familiar with the challenges that traders face and the performance and psychological strategies that can meet those challenges. In Enhancing Trader Performance, Steenbarger shows you how to transform talent into trading skill through a structured process of expertise development and reveals how this approach can help you achieve market mastery. |
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#28: E-Books : Trading to Win: The Psychology of Mastering the Markets by Ari Kiev |
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| The Author: ompeompe | 27 November 2008 | Views: 1147 |
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Buy low, sell high. Sounds simple? Hardly. As most traders will tell you, finding the right entry and exit points in a market is too often a stressful and even gut-wrenching experience. Ari Kiev, author of Trading to Win, wants to change all that. Kiev spent five years with a group of professional traders at SAC Capital Management, a $500 million hedge fund, studying the psychological and emotional aspects of what makes for a successful trader. Kiev found that what hinders many traders is ego, fear, emotion, and "false beliefs about yourself and the markets." Gaining mastery as a trader means seeing " the market as it is, not as a reference point for your own existence." Kiev advocates a disciplined, Zen-like approach to the markets that begins with articulating a specific goal then committing oneself to attaining that goal in the most objective way possible, overcoming the emotional baggage that too often leads to poor decision-making. Trading to Win is for professional and amateur traders of every stripe who are looking for insight into their own behavior and approach to the markets. The strategies in this book will unleash the hidden trader in you, and can substantially increase your trading profits The product of a five-year collaboration between Dr. Ari Kiev, a leading psychiatrist renowned for his success with Olympic athletes, and top equities trader Steve Cohen, Trading to Win gives you the essential tools to overcome outmoded, self-limiting beliefs and mindsets that may be keeping you from a higher level of success. Illustrated with real market scenarios and applications, this powerful program will help psych you into a less stressful, more self-possessed mastery of the trading game and help you reach goals you may never have thought possible. |
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#29: E-Books : The Compleat Day Trader I & II by Jake Bernsiein |
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| The Author: ompeompe | 27 November 2008 | Views: 1081 |
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Bernsiein reviews the tactics taught in Compleat Day Trader I and II then goes on to elucidate a number of more advanced topics that, like his o ther systems, give very clear entry and exit points and therefore help to minimize the risk. Jake also again warns of the risks of day trading and shows the importance of developing one's own rules and consistently following them in order to avoid making costly mistakes. Highly informative and easily read books which should be on every day trader's bookshelf. If you are looking to get a solid understanding about Day Trading Commodities then these the books you must have. Bernstein has put toge ther two great books on day trading that cover all aspects of the day trader from psychology to order placement to systems and to indicators. They cover all important aspects of the high risk venture. These books are among a number of good titles that will add to the readers knowledge of the topic. He give value for the money and solid information that makes good sense. His chapters on managing risk,order entry, and trader discipline were especially helpful. Actually, Bernstein doesn't offer guaranteed profits as do some of the promoters of day trading methods but he does offer tools to help us learn the business of day trading. |
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#30: E-Books : Market Masters: How Successful Traders Think, Trade and Invest by Jake Bernstein |
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| The Author: ompeompe | 26 November 2008 | Views: 1378 |
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Bernstein, is the president of a Chicago commodity advisory firm specializing in cyclic analysis, forecasting and personal psychology for traders in a notoriously precarious market-- the buying and selling of contracts for future delivery of crude oil, pork bellies, eggs, grain, Treasury bonds and foreign currencies. He does not deal here with actual Board of Trade operations or even with the many trading systems because, he notes, the trading system is no better than the trader who uses it. Instead, through eight interviews with successful participants in a business that can generate millions in gain or loss overnight, Bernstein emphasizes the importance of such essential trader characteristics as studiousness, persistence, courage and decisiveness. Clearly the guide is not designed as a vade mecum for beginners, but it is a useful commentary for those already engaged in sophisticated investment activity. According to Jake Bernstein, great traders are created, not born. Those who lack discipline, persistence and self-confidence lose the never-ending challenge of trading profits. But those who survive the battle by using the tools of the masters enjoy the fruits of consistent success. Here is an opportunity to learn from some of the best-known international traders ever: a legend in his own time. |
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