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Book Description
Secrets of Trading and Making Money
Secrets of Trading and Making Money
The book was written with all traders and would be traders in mind. From
beginners to seasoned professionals the content is blended in an easy to read
format. The book is geared toward new traders, traders who haven't become
profitable yet or traders in a slump and needing to change something. Included
are sets of simple step by step methods showing how to trade and make money.
After you are able to make money, then you can play in the market and have
fun, but without a profitable trading system, exploring the vastness of what the
market offers just becomes stress and frustration (not to mention very costly).
For the intermediate and advanced trader there are new ideas and
possibilities presented that could enhance or move one into a whole new
direction of trading. Trading is an individual activity, and as emphasized in
the book, one must look within as well as out. Several chapters are devoted to
seeing the whole game of trading and how to become a balanced trader in sync
with the market you trade. If you are built to win at chess why are you riding
bulls for a living, or if you love to swim with the dolphins why do you sit in
an office with no windows? Trading can be the most profitable and enjoyable
experience if you are doing what you are built to do with a market that fits
your style and energy. It is worth learning the game, you can win that way!
Here is a brief synopsis for each chapter:
Chapter 1 In the Beginning
Prepare the ground to start trading
Without the right beginning we can't have the end we want
Establishes where we are, where we want to go and what we want when we get there
Getting eaten by a tiger or a trade or ones own mind
Chapter 2 Forecasting vs. Trading
Where does forecasting fit in trading
Another way to see forecasting that works
Why forecasts are off
How to blend trading and forecasting in the trader
Chapter 3 Trading as a Business
How to move from "just trading" to trading as a business
Why most start up traders and business' fail
Why trading is a much harder game than gambling
A specific business model (step by step) to pattern your trading business after
Chapter 4 Money
It's the thing we are trading for; do we know what it is?
How compatible is our personality and money - is it working?
Money in money out; seeing beneath the surface
Build the plan it will come
Chapter 5 Wealth Accumulation
It's yours, how much is the only question.
What takes us off the path, what keeps us on it?
Specific accumulation examples
Find where you limit yourself
Chapter 6 Winning and Losing - Classical Systems
An in-depth look at classical systems of winning
Little used secrets of historical systems for winning
Three in-depth examples of winning systems
Can the professional gamblers trade?
Chapter 7 Money Management
Money management- how money is made trading
How Much? - how many shares or contracts?
Emotional bias - a closed mind managing money
Let money work for us, not us for it
Chapter 8 Fear
The "one" thing fear is…
When I can't pull the trigger
What happens?
What to do
Chapter 9 Finding My Market
What W.D. Gann found…
Matching natal energy
Paying attention to the signs
Transparent energy - revealing our inherent connections to certain markets
Chapter 10 Trading Systems and Plans
What are trading systems and trading plans?
How risk aversion affects profitability
What the majority believe and why they will be wrong in the market
How to know our system is the right one
Chapter 11 The Anatomy of a Trade
A detailed example of trading the stock - GE
In-depth, step by step, analysis of trading this stock over a period of time
Charts and specific settings made easy to follow, understand and use
Projected profitability
Chapter 12 Trading Plans and Settings
Specific trading plans & settings for several markets, with multiple time
frames
Mirror Image Foldback in detail for US Bonds
Gold Futures trading system step by step w/settings and charts
E-mini S&P trading system
Chapter 13 Beyond the Bars
Very detailed analysis of 3M the stock (MMM) and how it can be traded.
What is beyond the visible bars?
Adding tools to analysis that work!
Stocks- balanced markets easily seen
Chapter 14 Flipping a Coin, the Heads and Tails of It
How to effectively use Stops in trading
Entering a market randomly and trading it for profit
Specific example of trading the DOW futures with this system (step by step)
Addendum A Alternate Trade Systems (e-mini S&P, Gold Futures.)
Additional (step by step) examples of profitably trading e-mini S&P and Gold
Futures
Harmonic levels for further profit
Addendum B Alternate Combined Trade System/Stop System
Specific step by step example of trading Wheat Futures profitably
Seeing at first glance if it works or not
Knowing how to trust your system
Summary:
The book leads one through the trading process from beginning to arriving at
profitability; enter anywhere along this path with what you already know or
don't know and find the peace of mind and profits you are looking for. Trading
becomes a passion filled with pleasurable experiences once we pass through our
fear and doubt. Finding our way to trading successfully is the only way it will
happen. (Disclaimer: Do not trade real money until you are proficient and have
integrated your own personal style of trading with good money management skills and protective
measures to protect your financial longevity.)
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