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High Probability trading
This
brutally honest new book - from a trader much like yourself -
gives you the knowledge and tools needed to find the highest potential
trades, and develop a customized trading program that can help
increase your probability of success on every trade.
S"The
Goal Is to Teach All Traders to Think with the Mindset of a Successful
Trader..."
While successful trading requires tremendous skill and knowledge,
it begins and ends with mindset. What do exceptional traders think
when they purchase a quality stock and the price immediately plummets?
How do they keep one bad trade from destroying their confidence--and
bankroll? What do they know that the rest of us don't?
"Some trades are not worth the risk and should never be done."
High Probability Trading shows you how to trade only when the
odds are in your favor. From descriptions of the software and
equipment an exceptional trader needs to high probability signals
that either a top or bottom has been reached, it is today's most
complete guidebook to thinking like an exceptional trader--every
day, on every trade.
"It's not how good you are at one individual thing, but it's
the culmination of every aspect of trading that makes one successful."
Before he became a successful trader, Marcel Link spent years
wading from one system to the next, using trial and error to figure
out what worked, what didn't, and why. In High Probability Trading,
Link reveals the steps he took to become a consistent, patient,
and winning trader--by learning what to watch for, what to watch
out for, and what to do to make each trade a high probability
trade.
"Why do a select few traders repeatedly make money while
the masses lose? What do bad traders do that good traders avoid,
and what do winning traders do that is different? Throughout this
book I will detail how successful traders behave differently and
consistently make money by making high probability trades and
avoiding common pitfalls..."--From the preface
Within 6 months of beginning their careers full of promise and
hope, most traders are literally out of money and out of trading.
High Probability Trading reduces the likelihood that you will
have to pay this "traders' tuition," by detailing a
market-proven program for weathering those first few months and
becoming a profitable trader from the beginning.
Combining a uniquely blunt look at the realities of trading with
examples, charts, and case studies detailing actual hits and misses
of both short- and long-term traders, this straightforward guidebook
discusses:
The
10 consistent attributes of a successful trader, and how to make
them work for you
Strategies for controlling emotions in the heat of trading battle
Technical analysis methods for identifying trends, breakouts,
reversals, and more
Market-tested signals for consistently improving the timing of
entry and exit points
How to "trade the news"--and understand when the market
has already discounted it
Learning how to get out of a bad trade before it can hurt you
The best traders enter the markets only when the odds are in their
favor. High Probability Trading shows you how to know the difference
between low and high probability situations, and only trade the
latter. It goes far beyond simply pointing out the weaknesses
and blind spots that hinder most traders to explaining how those
defects can be understood, overcome, and turned to each trader's
advantage.
While
it is a cliché, it is also true that there are no bad traders,
only bad trades. Let High Probability Trading show you how to
weed the bad trades from your trading day by helping you see them
before they occur. Packed with charts, trading tips, and questions
traders should be asking themselves, plus real examples of traders
in every market situation, this powerful book will first give
you the knowledge and tools you need to tame the markets and then
show you how to meld them seamlessly into a customized trading
program--one that will help you join the ranks of elite traders
and increase your probability of success on every trade.
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Retail Price: $39.95
Our Price: $24.21
Author: Link, Marcel
Item #: 1169715
Pages: 393
ISBN: 0071381562
Publisher: McGraw Hill
Format: Book: Hard Cover
Publish Date: March 2003
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