Cover image for Trading in a Nutshell : Planning for Consistently Profitable Trading.
Trading in a Nutshell : Planning for Consistently Profitable Trading.
Title:
Trading in a Nutshell : Planning for Consistently Profitable Trading.
Author:
McPhee, Stuart.
ISBN:
9780730378167
Personal Author:
Edition:
4th ed.
Physical Description:
1 online resource (274 pages)
Contents:
Trading in a Nutshell: Planning for Consistently Profitable Trading -- Contents -- Acknowledgements -- Preface -- Chapter 1: An introduction to trading -- Trading -- Develop a trading plan -- Commit to it -- My story -- Put in the required effort -- Chapter 2: Financial markets -- What are stock exchanges? -- Stock exchanges around the world -- Companies -- Other markets and products -- Stockbrokers -- Chapter 3: Technical analysis and charts -- Fundamental analysis -- Technical analysis -- Open, high, low, close and volume -- Charting -- Volume -- Trends -- Peaks and troughs -- Moving averages -- Always consider the trend -- Chapter 4: Chart patterns and indicators -- Support and resistance -- Triangles -- Double tops and bottoms -- Indicators -- Chapter 5: Developing a trading strategy -- The importance of entry -- Aim for consistency -- Trading style and time frame -- Trade with the trend -- Using moving averages -- Trend alignment -- Trading strategy structure -- Using indicators -- Confirmation -- Confidence -- Liquidity -- Weight of evidence -- Sector analysis -- Diversity -- Keep it simple! -- Checklist -- Chapter 6: The exit decision -- Stop losses -- Inactivity stop -- Trailing exits -- Stop losses and trailing exits together -- Profit targets -- Chapter 7: Trade execution -- At market/at limit orders -- Which one should I choose? -- Know your orders -- Chapter 8: Money management and risk -- Importance of money management -- Your primary aim -- Risk -- Capital preservation -- Risk amount -- Position sizing -- Probability -- Half the risk -- Volatility -- Averaging down -- Averaging up -- Adopt a defensive posture -- A final thought -- Chapter 9: Developing your trading plan -- 'Buy and hold' approach -- Aim for something -- Discover yourself -- Give yourself an edge -- Monitoring your trades and performance -- Paper trading/testing.

Chapter 10: Developing your mindset -- Attitude -- Confidence -- Patience -- Control -- Emotions -- Perspective -- Decisiveness -- Humility -- Discipline -- Get healthy -- Trading as a game -- Give yourself a break -- Ultra-comfort -- Focus -- Chapter 11: Rules of trading -- Rule one - cut your losses -- Rule two - let your profits run -- Rule three - follow the trend -- Rule four - don't overtrade -- Rule five - never blindly react to a tip -- Rule six - always trade liquid stocks -- Rule seven - keep positions small -- Rule eight - don't buy something because it looks cheap -- Rule nine - keep it simple -- Chapter 12: The experts -- Julie Melillo -- Ray Barros -- Mark Cook -- Alan Hull -- Rahul Mohindar -- Greg Morris -- Brent Penfold -- Dr Van Tharp -- Chapter 13: Getting started -- Guidance for new traders -- Discover yourself -- Money management -- Entry and exit -- Your routine -- Taxation structure -- Information -- Computers and software -- The internet -- Recordkeeping -- Conclusion -- Glossary -- Index.
Abstract:
The ultimate guide for those starting out in trading-now better than ever! Illustrated with plenty of trading examples, sample trading plans, timely charts, tables and figures and insights from market experts from around the globe, Trading in a Nutshell, 4th Edition sets readers on the path to profitable trading. This updated and expanded edition of Stuart McPhee's bestseller is the perfect guide for anyone starting out in trading, and an excellent resource for experienced traders looking to expand their repertoires. Reviews, in depth, the financial markets and financial products, the risks associated with each, and how to trade them Shows how to tailor a trading approach best suited to each reader's personality, trading goals and risk tolerance Describes time-tested trading rules used by the most successful traders and explores the mindset and character traits of market winners with tips on how to cultivate them Clearly explains the basics of technical analysis, and provides expert advice on timing entry and exit decisions to maximise profits and minimise losses.
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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