Rules of The Trade: Indispensable Insights for Online Profits
From the bestselling author ofHow to Get Started in Electronic Day TradingEverything You Need to Know to Become a Confident, Knowledgeable Online TraderSuccessful traders know:The rules for profitably trading today's fast-moving stock markets are consistent and dynamic. Traders who don't follow these rules won't last long and may never know how close they were to true trading mastery&amp;shy;&amp;shy;if they had just known the rules.Rules of the Tradegives you the building blocks toward becoming a profitable, market-wise trader. This detailed examination&amp;shy;&amp;shy;written by acclaimed trader, trainer, and writer David S. Nassar&amp;shy;&amp;shy;shows what traders must do to succeed. Its market-proven rules will show you how to cut losses short and let profits run in every aspect of electronic trading, including:Entering and exiting tradesPsychological disciplineStock selectionHedging riskEvaluating performanceUtilizing technology and the InternetMoney managementHigh-stakes online trading requires discipline, knowledge, and a strict adherence to time-tested rules of trading and market behavior.Rules of the Tradetells you what those rules are, gives you the knowledge and instincts to use those rules perceptively, and shows you how to take full advantage of today's volatile and turbulent stock markets&amp;shy;&amp;shy;history's greatest opportunity for individual investors to garner significant trading wealth."(David S. Nassar) has done an excellent job assembling the key characteristics and attributes traders need that are often ignored."&amp;shy;&amp;shy;William Lupien, Chairman, OptiMark Techologies, Inc.From the ForewordThe online trading explosion is the first great wealth-building event of the twenty-first century. As today's ultravolatile markets generate one profit opportunity after another, savvy traders are learning how to consistently leverage substantial profits from every market&amp;shy;&amp;shy;whether going long in up markets, selling short in falling markets, or grinding out profits in sideways markets.But before you can succeed in this arena, you need a foundation in the rules&amp;shy;&amp;shy;both psychological and operational&amp;shy;&amp;shy;that separates the true professional trader from the pretender. InRules of the Trade, David S. Nassar&amp;shy;&amp;shy;author of the bestsellingHow to Get Started in Electronic Day Tradingand a highly profitable and active trader in his own right&amp;shy;&amp;shy;explains exactly what these rules are and why they are critical for everyone from beginning traders to experienced, seasoned market veterans.Concise, to the point, and packed with real-life examples of key rules in action,Rules of the Tradeis the one book that traders must read&amp;shy;&amp;shy;and review daily&amp;shy;&amp;shy;to keep their instincts razor-sharp. All traders, regardless of their expertise or experience, will profit from detailed, insightful descriptions that include:Why the opening 15 minutes should be watched&amp;shy;&amp;shy;not tradedEight attributes of a tradable stockThe importance of mentorsDifferences between acting and reacting&amp;shy;&amp;shy;and how to profit from eachHow to control greed and fear while maintaining an edgeThree market stages that drive prices&amp;shy;&amp;shy;critical knowledge for sizing a tradeInterviews and insights from the "one percenters"&amp;shy;&amp;shy;Five top traders share how they approach the marketWhether markets are bull, bear, or turbulent, one aspect remains clear&amp;shy;&amp;shy;many active traders are making a lot of money. LetRules of the Tradeshow you how to join their ranks, and greatly increase your odds of profiting by every trade, while building confidence and limiting risk!