Step by Step Trading

Business & Finance, Finance & Investing, Investments & Securities
Cover of the book Step by Step Trading by Dr Alexander Elder, Dr Alexander Elder
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Dr Alexander Elder ISBN: 9780974494258
Publisher: Dr Alexander Elder Publication: March 30, 2015
Imprint: Smashwords Edition Language: English
Author: Dr Alexander Elder
ISBN: 9780974494258
Publisher: Dr Alexander Elder
Publication: March 30, 2015
Imprint: Smashwords Edition
Language: English

This brief book will teach you the essentials of computerized technical trading. It will introduce you to self-organization and risk management, but zoom into technical trading tools. We’ll cover indicators, several trading systems, setting profit targets and stops, and much more.

What’s unique about this book is that all of its charts, tools, indicators, and systems have been programmed and are waiting for you at www.Stockcharts.com. If you have different software, you can still use this book because its concepts are universal.

DO NOT buy this book if you are a paid-up member of StockCharts – they will give this book to you. If, on the other hand, you’re looking for trading software or have another package you like, this book is definitely for you.

Most beginners jump into trading unprepared. They remind me of new skiers who hop into a gondola and ride to the top of the mountain without a clue how to ski down its slopes. Even if you already have some experience, you’ll find much that is useful and surprising in this book. On the other hand, if you’re already a professional trader, this may be too basic for you, and I’d refer you instead to my main book, The New Trading for a Living.

My goal in writing this book was to help you avoid common pitfalls and master the key principles that will serve you for the rest of your trading life. Thanks to StockCharts.com, you’ll be able to start using my templates and tools without delay.

CONTENTS

Free updates and the honor code

INTRODUCTION
Markets are tough
Two steps that will put you ahead of the crowd
How this book is organized
How to control risk
Good records make good traders

TECHNICAL ANALYSIS
Choosing software (Why StockCharts)
Let’s create a chart (actually, two charts)
Dressing a naked chart: a pair of moving averages
Profits from manic-depression (using envelopes)
The power of bulls and bears (MACD indicator)
May the force be with you (Force Index)
Less is more (other indicators)

TRADING SYSTEMS
The trades to avoid (the Impulse system)
Every trade deserves a name (the system you trade)
Buying pullbacks in an uptrend
Catching reversals (false breakout with a divergence)
An end-of-day trend-following system (by Kerry Lovvorn)
Trading with fundamentals and technicals (by Philip Wu)

TRADE MANAGEMENT
The sweet spot (what timeframe will you trade?)
Stops, targets, and risk control
Your visual diary
The road ahead

Sources
Acknowledgments

Dr. Alexander Elder is a professional trader and a teacher of traders. He is the author of 14 books, including The New Trading for a Living and Come into My Trading Room (Barron’s 2002 Book of the Year), considered modern classics among traders. Dr. Elder is the founder of SpikeTrade whose members compete for best stock picks each week. He is an active trader and a sought-after speaker at conferences in the US and abroad.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This brief book will teach you the essentials of computerized technical trading. It will introduce you to self-organization and risk management, but zoom into technical trading tools. We’ll cover indicators, several trading systems, setting profit targets and stops, and much more.

What’s unique about this book is that all of its charts, tools, indicators, and systems have been programmed and are waiting for you at www.Stockcharts.com. If you have different software, you can still use this book because its concepts are universal.

DO NOT buy this book if you are a paid-up member of StockCharts – they will give this book to you. If, on the other hand, you’re looking for trading software or have another package you like, this book is definitely for you.

Most beginners jump into trading unprepared. They remind me of new skiers who hop into a gondola and ride to the top of the mountain without a clue how to ski down its slopes. Even if you already have some experience, you’ll find much that is useful and surprising in this book. On the other hand, if you’re already a professional trader, this may be too basic for you, and I’d refer you instead to my main book, The New Trading for a Living.

My goal in writing this book was to help you avoid common pitfalls and master the key principles that will serve you for the rest of your trading life. Thanks to StockCharts.com, you’ll be able to start using my templates and tools without delay.

CONTENTS

Free updates and the honor code

INTRODUCTION
Markets are tough
Two steps that will put you ahead of the crowd
How this book is organized
How to control risk
Good records make good traders

TECHNICAL ANALYSIS
Choosing software (Why StockCharts)
Let’s create a chart (actually, two charts)
Dressing a naked chart: a pair of moving averages
Profits from manic-depression (using envelopes)
The power of bulls and bears (MACD indicator)
May the force be with you (Force Index)
Less is more (other indicators)

TRADING SYSTEMS
The trades to avoid (the Impulse system)
Every trade deserves a name (the system you trade)
Buying pullbacks in an uptrend
Catching reversals (false breakout with a divergence)
An end-of-day trend-following system (by Kerry Lovvorn)
Trading with fundamentals and technicals (by Philip Wu)

TRADE MANAGEMENT
The sweet spot (what timeframe will you trade?)
Stops, targets, and risk control
Your visual diary
The road ahead

Sources
Acknowledgments

Dr. Alexander Elder is a professional trader and a teacher of traders. He is the author of 14 books, including The New Trading for a Living and Come into My Trading Room (Barron’s 2002 Book of the Year), considered modern classics among traders. Dr. Elder is the founder of SpikeTrade whose members compete for best stock picks each week. He is an active trader and a sought-after speaker at conferences in the US and abroad.

More books from Investments & Securities

Cover of the book Penny Stocks: All You Need To Know To Invest Intelligently in Penny Stocks by Dr Alexander Elder
Cover of the book Handbook for Muni-Bond Issuers by Dr Alexander Elder
Cover of the book Stock Investing by Dr Alexander Elder
Cover of the book Income Investing Secrets by Dr Alexander Elder
Cover of the book Behavioral Finance and Investor Types by Dr Alexander Elder
Cover of the book Charles Schwab's New Guide to Financial Independence Completely Revised and Upda ted by Dr Alexander Elder
Cover of the book What You Must Know BEFORE Becoming a Greedy Landlord by Dr Alexander Elder
Cover of the book E.T.F. - Exchange Traded Funds by Dr Alexander Elder
Cover of the book Stock Trading Made Simple: How to Trade on the Stock Market by Dr Alexander Elder
Cover of the book Rich Habits Poor Habits by Dr Alexander Elder
Cover of the book MicroCap Superstars by Dr Alexander Elder
Cover of the book Canadian Income Funds by Dr Alexander Elder
Cover of the book Making Profit From The Stock Market by Dr Alexander Elder
Cover of the book The Handbook of Financing Growth by Dr Alexander Elder
Cover of the book DAYTRADING Y SCALPING by Dr Alexander Elder
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy