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Table Of Contents

Trading Is No Longer a Team Sport
Beware the Siren Song of Gurus
Shucking Right Down to the Cob
Grow with Your Plan
HOW TO WORK WITH YOUR EMOTIONS
Avoiding Pain, Seeking Pleasure
Piloting Your Trades
Technical Analysis or Tea Leaves?
Fundamental Seduction
Using Best Practices
The Business of Trading
Overcoming Fear and Greed
Filtering Your Emotion
Case Studies
Mind Your Emotions
Dow Theory
Uptrends
Downtrends
Sideways Trend
Support and Resistance
Moving Averages
Trend Lines
Channel Lines
Fibonacci Retracement Lines
Stochastic Oscillator
Bollinger Bands
Don ’ t Plow a Field with Your Mercedes
Mistake 2: Failing to Accept a Loss
Mistake 3: Doubling Down on a Losing Position
Mistake 4: Lack of Training and Preparation
Mistake 5: Trading with Scared Money
Mistake 6: Buying Cheap Options
Mistake 7: Overcomplicating the Analysis
Mistake 8: Unrealistic Expectations
Mistake 9: Using Software Crutches
Mistake 10: Trading without a Plan
Market Mechanics
Your Opinion Won ’ t Move a Market
Defining Role Reversal
Dollar Cost Averaging versus Cost Averaging Down
A Good Plan Gone Bad
Pursuit of the Breakeven Point
The Building Blocks of a Role Reversal Pattern
The Psychology behind the Move
The Role Reversal from the Short Side
More Traders Drawing the Lines
Analyzing Alex
Sweet Nothings — Literally!
Trading Fingers of Steel
Small Steps, Big Changes
It May Be a Small World but It ’ s a Big Market
Viva Simplicity!
Back to the Basics
Getting Technical
Buy the Rumor, Sell the News?
“ When You Come to a Fork in the Road, Take It ”
Identifying the Pivot Point
The Pineapple Principle
Pivot Point Patterns
Bullish Pivot Point Patterns
Bearish Pivot Point Patterns
Use the Market without Guilt
What Is an Option?
Call Options or Pizza Coupons
Put Options
Closing Your Option Position at Expiration
Closing Your Option Prior to Expiration Friday
Long Calls
Long Puts
Cash - Secured Put Selling
The Covered Call
Is There Really Such Thing as a Safe Investment?
I ’ d Like to Buy a Vowel
Everyone Should Be Above Average
Five Principles of Risk Management
Risk Management Action Steps
Managing Risk in a Probabilistic World
The Frozen Chosen: Holding Back Because of Fear
Larry the Lemming: Follows the Crowd, Not the Money
Urgent Carl: He ’ s Trading, but He ’ s Not Weaned
It ’ s Funny Until It Hurts
1. Accounts
2. Advice and Support
3. Trading and Investing Products
4. Costs and Fees
5. Software
6. Order Types
7. Research
8. Banking
9. Reports and Records
10. Security
Fund Security
You Are in Control
WEALTH HAS A PURPOSE
What Is Your Purpose?
Changing the World One Person at a Time
Take Action
Glossary
Index
P. 1
The Market Guys' Five Points for Trading Success: Identify, Pinpoint, Strike, Protect and Act!

The Market Guys' Five Points for Trading Success: Identify, Pinpoint, Strike, Protect and Act!

Ratings:

3.88

(4)
|Views: 719|Likes:
Published by Wiley
Praise for The Market Guys' Five Points for Trading Success

"E*TRADE is a strong advocate of investor education, understandinga knowledgeable investor is a successful investor. The Market Guyshave been a key contributor to our worldwide educational efforts -delivering hundreds of seminars to our customers around the world.This book encapsulates their years of experience with traders andinvestors, and is a must-read for anyone serious about trading. TheMarket Guys' Five Points for Trading Success provides aneasy-to-understand and disciplined approach to trading through riskmanagement. I highly recommend it."

Christopher Larkin, VP, U.S. Retail Brokerage, E*TRADE Securities(www.etrade.com)

"The stock market is full of risk and uncertainty, but can bringgreat rewards to those who plan and execute properly. Rick and AJgive you the navigational tools to profit in the market throughthis book. Easy to read and understand, this book will help thenovice and expert alike reach their financial goals. I recommendThe Market Guys to help you along your journey!"

Astronaut Dr. Buzz Aldrin, Apollo 11, 1969

"The Market Guys' Five Points is much more than five points.Creating a plan, dealing with emotions, trading psychology, andtechnical analysis are just some of the topics explained."

James Bittman, Senior Instructor, The Options Institute at CBOE,and author of Options for the Stock Investor

"Most people think trading markets is easy, but the process isfraught with pitfalls, snares, and delusions. This book is writtenby two savvy veteran traders. Applying the wisdom contained herewill not guarantee success, but it will very definitely put theodds strongly in your favor."

Martin J. Pring, President of pring.com

"This is a wonderful introduction to terminology and a freshapproach to the stock market. It gives the reader a language andway of thinking that is new, providing a great foundation forfurther research. These authors are to be commended for anexcellent book on the stock market and how it works."

James P. Gills, MD, Director/Chairman of the Board of the IronmanTriathlon

"The Market Guys have created the perfect recipe for financialsuccess."

Nick Nickolas, Restaurateur, Nick's Fishmarket of Hawaii,www.nicksboca.com
Praise for The Market Guys' Five Points for Trading Success

"E*TRADE is a strong advocate of investor education, understandinga knowledgeable investor is a successful investor. The Market Guyshave been a key contributor to our worldwide educational efforts -delivering hundreds of seminars to our customers around the world.This book encapsulates their years of experience with traders andinvestors, and is a must-read for anyone serious about trading. TheMarket Guys' Five Points for Trading Success provides aneasy-to-understand and disciplined approach to trading through riskmanagement. I highly recommend it."

Christopher Larkin, VP, U.S. Retail Brokerage, E*TRADE Securities(www.etrade.com)

"The stock market is full of risk and uncertainty, but can bringgreat rewards to those who plan and execute properly. Rick and AJgive you the navigational tools to profit in the market throughthis book. Easy to read and understand, this book will help thenovice and expert alike reach their financial goals. I recommendThe Market Guys to help you along your journey!"

Astronaut Dr. Buzz Aldrin, Apollo 11, 1969

"The Market Guys' Five Points is much more than five points.Creating a plan, dealing with emotions, trading psychology, andtechnical analysis are just some of the topics explained."

James Bittman, Senior Instructor, The Options Institute at CBOE,and author of Options for the Stock Investor

"Most people think trading markets is easy, but the process isfraught with pitfalls, snares, and delusions. This book is writtenby two savvy veteran traders. Applying the wisdom contained herewill not guarantee success, but it will very definitely put theodds strongly in your favor."

Martin J. Pring, President of pring.com

"This is a wonderful introduction to terminology and a freshapproach to the stock market. It gives the reader a language andway of thinking that is new, providing a great foundation forfurther research. These authors are to be commended for anexcellent book on the stock market and how it works."

James P. Gills, MD, Director/Chairman of the Board of the IronmanTriathlon

"The Market Guys have created the perfect recipe for financialsuccess."

Nick Nickolas, Restaurateur, Nick's Fishmarket of Hawaii,www.nicksboca.com

More info:

Publish date: Mar 28, 2008
Added to Scribd: Feb 05, 2010
Copyright:Traditional Copyright: All rights reservedISBN:9780470245767
List Price: $37.50 Buy Now

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bribaker2001_1 reviewed this
Rated 4/5
This book lays out a good strategy for trend analysis and profit-taking. It sets clearly defined goals and details good examples. However, after testing some of the strategies in the book, I've found that the current market's share price volatility often overwhelms the micro-trends used to define stop-loss values. Overall though, I think this book is definitely a keeper!
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