Cover image for The ART of Trading : Combining the Science of Technical Analysis with the Art of Reality-Based Trading.
The ART of Trading : Combining the Science of Technical Analysis with the Art of Reality-Based Trading.
Title:
The ART of Trading : Combining the Science of Technical Analysis with the Art of Reality-Based Trading.
Author:
McDowell, Bennett A.
ISBN:
9780470280164
Personal Author:
Edition:
1st ed.
Physical Description:
1 online resource (323 pages)
Series:
Wiley Trading Ser. ; v.336

Wiley Trading Ser.
Contents:
The Art of Trading: Combining the Science of Technical Analysis with the Art of Reality-Based Trading -- Contents -- Foreword -- Preface -- Acknowledgments -- Disclaimer -- Introduction -- APPLIED REALITY TRADING IS KNOWN AS ART -- REVOLUTIONARY LEARNING EXPERIENCE -- THE "ART PIE" -- LAYOUT OF THIS BOOK AND DVD VIDEO -- ALL CHARTS IN THIS BOOK WERE CREATED WITH THE eSIGNAL ART PLATFORM -- A NOTE ABOUT DATA FEEDS AND YOUR 30-DAY FREE TRIAL OF THE ART SOFTWARE -- Part I: Reality -- Chapter 1: It's All About Reality -- REALITY-BASED TRADING AND INVESTING -- TAKE ART FOR A TEST DRIVE! -- YOUR THOUGHTS CREATE YOUR REALITY -- THE IMPORTANCE OF THOUGHTS -- IT ALL STARTS WITH A THOUGHT! -- LIVE MARKET DATA -- Chapter 2: The Reality of Price and Volume -- WHY ARE PRICE AND VOLUME REALITY? -- THE CASE FOR SIMPLICITY IN A TRADING SYSTEM -- DANGEROUS OPINIONS AND INDICATORS: A WORD ABOUT MACD AND STOCHASTICS -- OVERBOUGHT AND OVERSOLD CONDITIONS -- INEFFICIENT MARKETS VERSUS EFFICIENT MARKETS -- SUPPLY = DEMAND -- Chapter 3: Managing Risk: Always Set a Stop-Loss Exit -- THE NEED FOR MONEY MANAGEMENT -- ACCEPTING RISK -- SEVEN BASIC STOPS -- NOT SETTING STOPS -- WHAT HAPPENS WHEN YOU DON'T HAVE A STOP-LOSS EXIT STRATEGY? -- SETTING MENTAL STOPS -- MOVING STOPS -- Chapter 4: If It Sounds Too Good to Be True -- SYSTEM RATES OF RETURN ARE MEANINGLESS -- ART IS NOT A "BLACK BOX" SYSTEM -- WHY DO 90 PERCENT OF ALL TRADERS LOSE MONEY? -- Chapter 5: Personal Methods to Increase Trading Success -- WRITE IN YOUR "SUNRISE TRADING JOURNAL" -- ENTER A "CONTRACT FOR SUCCESS" -- Chapter 6: Identify Your Personal ART Profile -- EXPERIENCE LEVEL -- TRADING STYLE -- TRADING FREQUENCY -- ART PROFILES - HOW THEY WORK -- HOW TO VISUALIZE YOUR ART PROFILE -- Part II: Art -- Chapter 7: Design Your Business Plan -- RUNNING YOUR TRADING AND INVESTING AS A REAL BUSINESS.

YES, TRADERS AND INVESTORS ARE ARTISTS -- YOUR BUSINESS PLAN -- Chapter 8: Selecting a Financial Market -- TABLE OF MARKETS -- GREAT DAY TRADING MARKETS -- ATTENTION OPTION TRADERS -- USING STOCK SECTORS AND GROUPS TO BETTER YOUR ODDS -- Chapter 9: Selecting a Time Frame -- Chapter 10: Selecting an ART Platform, Broker, and Data Feed -- Chapter 11: Psychology and the Trader's Mind-Set -- 100 TRADERS AND INVESTORS - EACH IS UNIQUE -- SELF-AWARENESS -- 15 COMMON DESTRUCTIVE PSYCHOLOGICAL TRADING ISSUES AND THEIR CAUSES -- HERE IS WHAT YOU'LL FEEL AFTER ACQUIRING THE TRADER'S MIND-SET -- Chapter 12: Artistic Simplicity -- IT IS POSSIBLE TO RECEIVE TOO MUCH INFORMATION -- SIMPLIFY AND FLOW WITH THE MARKET -- GUIDELINES TO SIMPLIFY YOUR TRADING AND INVESTING -- TRADING ERRORS, ARTISTIC BLOCKS, AND OVERCOMING THEM -- Chapter 13: The Art of Paper-Trading -- EVERY FINANCIAL MARKET IS A CHAMPIONSHIP ARENA -- FIGHTER PILOTS AND FLIGHT SIMULATORS -- Part III: Science and Math -- Chapter 14: Calculating Proper Trade Size -- THE 2 PERCENT RISK RULE -- IMPORTANT NOTE -- THE PSYCHOLOGY BEHIND TRADE SIZE -- YOU'RE RIGHT 60 PERCENT OF THE TIME -- GOING BUST! -- TRADING DRAWDOWN -- OVERTRADING -- Chapter 15: Other Formulas and Recipes -- 10 PERCENT RISK RULE -- 6 PERCENT RISK RULE -- 2 PERCENT PER SECTOR RISK RULE -- SCALING OUT 33 PERCENT -- Chapter 16: The Human Brain -- ANATOMY OF THE BRAIN -- LEFT BRAIN AND RIGHT BRAIN -- WHOLE BRAIN THINKING -- NEUROPLASTICITY -- NEURONS AND NEURONETS -- YOU CAN REWIRE YOUR BRAIN AND YOUR TRADING -- KEEP AN OPEN MIND -- Part IV: ART System Basics -- Chapter 17: ART Is the Total Solution -- THE FOUR ART SIGNALS -- LOADING YOUR ART SOFTWARE -- ART SIGNALS -- EXACT ENTRIES AND EXITS GIVE YOU STRUCTURE AND DISCIPLINE -- Chapter 18: Pyramid Trading Points (P and MP) -- PYRAMID TRADING POINT RULES -- MOMENTUM AND NEW INFORMATION.

PYRAMID TRADING POINT REQUIREMENTS -- 1. TREND DIRECTION -- 2. TREND-TRADE ENTRY POINTS -- 3. TREND-TRADE EXIT POINTS -- 4. TREND EXHAUSTION -- 5. MARKET TRUTHS -- 6. HOW TO IDENTIFY TREND CORRECTIONS USING THE MINOR PYRAMID TRADING POINT -- 7. HOW TO TRADE FROM A "BRACKETED MARKET" -- CUSTOMIZING THE ART SOFTWARE TO TAILOR IT TO YOUR NEEDS -- ADJUSTING THE MINSCORE FOR A PYRAMID TRADING POINT -- ADJUSTING THE AUDIO TECHNOLOGY FOR YOUR PYRAMID TRADING POINT -- IDENTIFYING TREND EXHAUSTION -- GETTING AGGRESSIVE -- PYRAMID TRADING POINT SUMMARY -- Chapter 19: Market Truths: Price Bars and Volume -- THE FIRST MARKET TRUTH IS PRICE -- ART PRICE BAR POSSIBILITIES -- SEVEN ART PRICE BAR DEFINITIONS -- ELONGATED PRICE BAR -- THE SECOND MARKET TRUTH IS VOLUME -- THE MEANING OF VOLUME -- Chapter 20: ART Reversal Bar Signals (1B and 2B) -- THREE METHODS OF MONITORING AN ART ONE-BAR REVERSAL TRADE -- UNEXPECTED TRADES IN THE OPPOSITE DIRECTION -- USING THE INSIDE PRICE BAR TO GET AN EARLY ENTRY -- ART TWO-BAR REVERSAL -- ART REVERSALS TELL YOU WHEN THE TREND ENDS -- Chapter 21: Trend-Trading Rules -- 10 ART RULES FOR TREND TRADING -- REMEMBER, THE TREND IS YOUR FRIEND -- FEAR IS YOUR ENEMY! -- Chapter 22: Countertrend-Trading Rules -- FIVE ART RULES FOR COUNTERTREND TRADING -- Chapter 23: Scalping Rules -- SCALPING VARIATIONS -- Part V: Advanced Techniques -- Chapter 24: When to Use Advanced Techniques -- TWO DEFINITIONS -- WHEN TRADING ART WITH UNGROUNDED ASSESSMENTS, FOLLOW GUIDELINES A AND B -- USING TREND CHANNELS -- Chapter 25: Scaling Out and Scaling In -- SCALING OUT OF POSITIONS -- KEEP RISK WITHIN 2 PERCENT -- SCALING OUT EXAMPLE -- SCALING IN TO POSITIONS -- Chapter 26: How to Trade Bracketed Markets -- WHAT'S ANOTHER NAME FOR A BRACKETED MARKET? -- CONSOLIDATIONS: A TEXTBOOK DEFINITION -- THE NATURE OR PSYCHOLOGY OF BRACKETED MARKETS.

FINDING AND MONITORING BRACKETED MARKETS -- MEASURING THE LENGTH OF BRACKETED MARKETS -- USING BRACKETED MARKETS TO TREND TRADE -- USING THE ART SOFTWARE TO DEFINE BRACKETED MARKETS -- MANUALLY IDENTIFYING BRACKETED MARKETS -- SCALPING BRACKETED MARKETS -- USING OPTIONS ON BRACKETED MARKETS -- Chapter 27: Software Optimization and Average True Range (ATR) -- DETERMINE VOLATILITY USING ATR -- RULES FOR ART SOFTWARE OPTIMIZATION -- Chapter 28: Stop and Reverse (SAR) -- REENTRY PATTERNS -- THE DIFFERENCE BETWEEN SARs AND REENTRY PATTERNS -- TRADING BETWEEN ART REVERSAL BAR SIGNALS -- Chapter 29: Higher-Time-Frame Filter -- TIME FRAMES TO TRACK THE TREND USING THE HIGHER-TIME-FRAME FILTER -- USING TREND LINES AND THE HIGHER-TIME-FRAME FILTER -- S& P E-MINI DAY-TRADING EXAMPLES USING THE HIGHER-TIME-FRAME FILTER -- EXAMPLE A -- EXAMPLE B -- EXAMPLE C -- Chapter 30: Other Filter Techniques -- FILTER FOR TRADING THE E-MINI -- ACCUMULATION/DISTRIBUTION -- USING ON-BALANCE VOLUME (OBV) -- PRICE OSCILLATOR HISTOGRAM -- TRADE ONLY AFTER THREE CONSECUTIVE LOSSES -- TRADE IN THE DIRECTION OF YOUR FORECASTING METHOD -- Chapter 31: Elliott Wave-Ungrounded Assessment -- ELLIOTT WAVE GUIDELINES -- Chapter 32: Other Ungrounded Assessments -- PRICE OSCILLATOR HISTOGRAM -- FIBONACCI STUDIES -- RELATIVE STRENGTH INDICATOR (RSI) -- Epilogue -- About the DVD -- INTRODUCTION -- USING THE DVD WITH WINDOWS -- WHAT'S ON THE DVD -- Appendix A: ART Software Quick-Start -- 1. SELECT YOUR MARKET AND TIME FRAME -- 2. SELECT YOUR ART PLATFORM, DATA FEED, AND BROKER -- 3. OPEN AN ACCOUNT WITH YOUR ART PLATFORM -- 4. REGISTER YOUR ART SOFTWARE -- 5. GET STARTED! -- Appendix B: ART Tips -- DEVELOPING YOUR OWN TRADING SYSTEM -- Appendix C: ART Software Technical Support -- INTRODUCTION -- HOW TO CONTACT US -- WWW.TRADERSCOACH.COM -- ART SOFTWARE EQUIPMENT REQUIREMENTS.

Appendix D: Resources -- ART PLATFORMS (COMPATIBLE WITH ART SOFTWARE AS OF JANUARY 2008) -- BROKERS (ORDER EXECUTION COMPATIBLE WITH ART SOFTWARE AS OF JANUARY 2008) -- DATA SOURCES (COMPATIBLE WITH ART SOFTWARE AS OF JANUARY 2008) -- BOOK & VIDEO SOURCES -- RECOMMENDED BOOKS AND AUTHORS -- RECOMMENDED PERIODICALS -- RECOMMENDED VIDEOS -- RECOMMENDED EDUCATION -- TECHNOLOGY AND SOFTWARE -- Glossary -- About the Author -- Index.
Abstract:
An expert in the field of finance reveals his proven trading system As a trading coach and financial advisor, Bennett McDowell has used his own proprietary trading system--Applied Reality Trading or ART to enhance the performance of his clients' portfolios. Now McDowell outlines the unique benefits of his system and makes the case for trading the reality--not the fantasy--of financial markets. Readers will discover the importance of simplicity in a trading approach; how to develop "The Trader's Mindset;" how to use ART(r) technical analysis software; and much more. The ART of Trading will enlighten readers in how to use reality to enrich both their financial portfolio and their own financial psychology.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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