The Universal Principles of Successful Trading
Essential Knowledge for All Traders in All Markets
Part 11 of the Wiley Trading series
“The Universal Principles of Successful Trading” clearly and unambiguously articulates trading principles that distinguish the winners from the losers. Though trading can be performed in different markets, across different timeframes, and with different instruments based upon different techniques, there is one common thread that ties all winning traders together: the universal principles of successful trading. All consistently profitable traders adhere to them regardless of the markets, timeframes, and techniques.
In this groundbreaking book from top trader, Brent Penfold, the reader will:
• Learn how to develop a trading plan
• Learn how to identify and create an effective methodology
• Discover successful money management strategies
• Understand trader psychology
• And many more exciting trading and strategies secrets.
Supporting the universal principles are rare interviews from a diverse group of successful traders. Some are the new young guns of trading and others are market legends who are trading just as actively today as they were over 50 years ago. They represent a diverse group of traders from the United Kingdom, America, Singapore, Hong Kong, Italy, and Australia. All of them have generously agreed to offer the reader one singularly powerful piece of advice to help them towards their trading goals. Each piece of advice emphasizes an essential element of the universal principles.
This timely and exciting book from Brent Penfold has already garnered many accolades and looks set to become a modern-day classic.
Aiki Trading
The Art of Trading in Harmony with the Markets
Part 15 of the Wiley Trading series
A great reference for all beginner traders.
“Aiki Trading” will look at a robust method to understand what the market is doing in a specified timeframe. Essentially, markets are either trending up, trending down, or is in sideways or range bound congestion. Chapters are devoted to each of these three conditions, and the concepts are explained in depth. In addition, specific trading strategies will be explored for the different market conditions. These strategies are what I define as high probability, low risk trading strategies that have higher probability of success because it conforms to the nature of how markets behave.
Full View Integrated Technical Analysis
A Systematic Approach to Active Stock Market Investing
Part 19 of the Wiley Trading series
A fresh approach to technical analysis utilizing a full view (multi-time frame) integrated analytical system.
Has the bear market ended? Is the rebound lasting? Everybody wants an answer but nobody can provide one with a good degree of confidence. While fundamental analysis is notoriously weak when it comes to market timing decisions and price target forecasts, technical analysis is equally timid in providing any concrete answers to the above fundamentally important questions for market participants. No existing system has produced a firm answer with a respectable degree of conviction.
This book will present a system to answer those questions with a high degree of confidence.
Xin Xie is the Director for Institute of International Trade and Investment at the Upper Yangtze River Economic Research Center, Chongqing University of Business and Technology and PRC Ministry of Education. He has a PhD in Economics from Columbia University in New York and a Master of Arts Degree in Statistics at Zhongnan University of Finance in China. He has extensive experiences in banking and investment industries as Senior Economists and Strategists in Bank of America and UBS AG.
Harmonic Elliott Wave
The Case for Modification of R. N. Elliott's Impulsive Wave Structure
Part 28 of the Wiley Trading series
The Elliot Wave Principle has been widely adopted as a tool for traders analyzing market cycles, but Ian Copsey has unearthed a fundamental error in the way it defines the structural development of price behavior. “Harmonic Elliott Wave: The Case for Modification of R. N. Elliott's Impulsive Wave Structure” explains what's wrong with the Principle, outlining a modification that allows for more accurate trading predictions.
Revealing the methodology that led to this discovery, the common ratios that link different parts of the wave structure and providing a wealth of practical examples to explain his findings, Copsey shows how waves really develop, dispelling the misconceptions that have been practiced by Elliotticians for years. Supporting his methods by consistently ensuring that waves are related by common ratios, Copsey helps the reader apply the revised version of the Principle with greater understanding and accuracy.
• Reveals a fundamental error in the popular Elliot Wave Principle
• Outlines a tried and tested modification that fixes this mistake and allows for more accurate analysis
• Offers essential information on applying the new model to the markets
With far-reaching implications for traders everywhere, Harmonic Elliott Wave is a must-read for anyone who puts their faith in the Elliot Wave Principle.
Hit and Run Trading
The Short-Term Stock Traders' Bible
Part 35 of the Wiley Trading series
Jeff Cooper is back with a newly updated Hit & Run Trading Volume I. Delivering a day-by-day trading plan of attack, this comprehensive manual is your key to conquering the market on a daily basis.
Join Jeff as he reveals his most intimate winning methods for daytrading and short trading the market. While the traditional "buy and hold" strategy may work well in bull markets, Cooper's "Hit & Run" methods work in ALL markets. His easy-to-follow methods will show you exactly:
• Which stocks to focus on each day
• Where to place your buy stops and sell short stops
• The precise amount of risk you should take
• And how to take the psychology out of trading in his new "Mind Over Money" chapter!
PLUS, you'll gain access to Jeff's personal arsenal of strategies including:
• Stepping in Front of Size™ — learn how to buy a stock just moments before the big boys!
• 1-2-3-Pullbacks™ — discover the three-day setup that consistently triggers 4—15 point gains within just days!
• Expansion Breakouts™ — master the one breakout that consistently leads to further gains.
• The power of Creating the Daily Hit List — learn how to recognize which stocks are rapidly moving and which setups to use to trade them — invaluable knowledge to keep you ahead of the game!
A true trading sensation and classic — now in it's newly updated format!
The Four Biggest Mistakes in Option Trading
Part 50 of the Wiley Trading series
With over 50,000 copies in print for the first edition, Kaeppel's insight has undoubtedly made its mark in the options world. Now, he strikes again with an updated and more comprehensive look at those pesky mistakes that traders continue to make in trading options. In easy-to-understand terms, he systematically breaks down each problem and offers concrete and practical solutions to overcome it in the future.
There are big profits to be made in options trading. By avoiding the four most common and most costly mistakes the majority of traders make, you'll be set to win big. System and software developer Jay Kaeppel helps you thoroughly understand each mistake before showing you how to avoid them in future trades.
In this new, color edition, you'll find:
• More in-depth analysis of the four biggest mistakes including volatility calculations, risk/reward relationships, calendar spreads, etc.
• More real-world examples with varying scenarios updated to reflect today's market
• More graphs and tables to better illustrate Kaeppel's concepts
• More detailed discussion on the nature of options trading and how to create a consistently winning strategy
Concise and to-the-point, here's an action plan you can read and put into place immediately to become a more profitable trader.
Breakthrough Strategies for Predicting Any Market
Charting Elliott Wave, Lucas, Fibonacci and Time for Profit
Part 53 of the Wiley Trading series
A book that will forever change the way you think about trading and take your technical analysis to the next level
Certain to become one of the great trading books of the 21st century, Breakthrough Strategies for Predicting Any Market is star trader, Jeff Greenblatt's maxim opus. In it he shares his hard-won lessons on what it takes to be a professional trader, while detailing his proven techniques for mastering market timing. With the help of numerous case studies and charts, Jeff develops his original high-probability pattern recognition system which, once mastered endows its user with a deeper understanding of how the markets really work and boosts the efficiency of any trading methodology by an order of magnitude. Following in the footsteps of the great W.D. Gann, Jeff helps you gain greater precision in any instrument you trade, on any time frame.
• Actual market examples supplemented with 120 charts of stocks, bonds, commodities in multiple time frames from minutes to 10 years starting with varied combination of price, volume and momentum studies
• Makes even the most complex subject matter easy to understand with crystal-clear explanations and step-by-step guidance on all concepts, terms, processes and techniques
• Shares fascinating and enlightening personal anecdotes from Jeff Greenblatt's career along with his candid reflection on getting and maintaining the mental discipline of a successful trader
• Identifies potential support and resistance levels, including envelope and channel analysis and Fibonacci ratios, and demonstrates that most reversals and breakouts occur on an key time bar
Option Volatility Trading Strategies
Part 71 of the Wiley Trading series
Sheldon Natenberg is one of the most sought after speakers on the topic of option trading and volatility strategies. This book takes Sheldon's non-technical, carefully crafted presentation style and applies it to a book-one that you'll study and carry around for years as your personal consultant.
Learn about the most vital concepts that define options trading, concepts you'll need to analyze and trade with confidence. In this volume, Sheldon explains the difference between historical volatility, future volatility, and implied volatility. He provides real inspiration and wisdom gleaned from years of trading experience.
Th is book captures the energy of the spoken message direct from the source.
• Learn about implied volatility and how it is calculated
• Gain insight into the assumptions driving an options pricing model
• Master the techniques of comparing price to value
• Realize the important part that probability plays in estimating option prices
Market Wizards: Interviews With Top Traders
Part 73 of the Wiley Trading series
How do the world's most successful traders amass tens, hundreds of millions of dollars a year? Are they masters of an occult knowledge, lucky winners in a random market lottery, natural-born virtuosi—Mozarts of the markets? In search of an answer, bestselling author Jack D. Schwager interviewed dozens of top traders across most financial markets. While their responses differed in the details, all of them could be boiled down to the same essential formula: solid methodology + proper mental attitude = trading success. In Market Wizards Schwager lets you hear, in their own words, what those super-traders had to say about their unprecedented successes, and he distils their responses down into a set of guiding principles you can use to become a trading star in your own right.
Features interviews with superstar money-makers including Bruce Kovner, Richard Dennis, Paul Tudor Jones, Michel Steinhardt, Ed Seykota, Marty Schwartz, Tom Baldwin, and more
Tells the true stories behind sensational trading coups, including the one about the trader who turned $30,000 into $80 million, the hedge fund manager who's averaged 30% returns every year for the past twenty-one years, and the T-bond futures trader who parlayed $25,000 into $2 billion in a single day!
Sector Trading Strategies
Part 77 of the Wiley Trading series
Introducing “Deron Wagner's Sector Trading Strategies” — a brilliantly simple way to target profits in every market. Wagner walks you through his strategies for charting the market sectors, helping you determine if your stock, option, or other financial product is positioned for huge profit — or actually at risk for a loss.
Wagner focuses first on the skills necessary for sector trading — identifying the realm of tradeable sectors, picking the best indicators, and analyzing risk — then lays out his top three strategic methodologies for effective sector trading.
Inside, learn the nuts and bolts of successful sector trading:
• The basics of reciprocal relationships and how to profit from them,
• How to follow mutual fund and other institutional money flow to find the next big trade,
• How and when to rotate your investment capital and optimize your returns,
• How to identify strong and weak sectors to place trades that have the best possible upside,
• Various methods for entering and exiting positions to gain and protect profits,
• How to increase your daily number of trading opportunities to exploit any market condition,
• How ETFs and options can be leveraged to get the most from the least,
• How to analyze risk to increase your trading peace of mind.
To obtain the trading power of the big institutions, you need “Wagner's Sector Trading Strategies”. With his help, you will be able to generate consistent profits no matter what the markets throw your way.
Best Practices for Investment Committees
Part 78 of the Wiley Trading series
An indispensable guide to avoiding the legal and financial pitfalls and of retirement plan investment
While it has always been true that a well-staffed and managed investment committee is key to the success of a corporate retirement plan, in today's increasingly complex and litigious world it is also a matter of survival. But what constitutes a prudent investment committee selection and operating process? How should a committee be selected and governed? How much reliance should a committee place on outside consultants? Written by an author with extensive, in-the-trenches experience, this book provides complete answers to these and all vital questions concerning the creation, staffing and management of a highly-adept investment committee, along with expert advice and guidance on serving on an investment committee and ensuring that your 401(K) investment program is sound, efficient and in complete compliance.
• Offers expert advice and guidance on how to serve successfully on an investment committee, facilitate effective management, design and implement a robust investment policy and much more
• Packed with sample documents, forms, templates, checklists, diagrams and other valuable, ready-to-use resources
• Features numerous real-world examples drawn from the author's years of experience as an accredited investment.
Money-Making Candlestick Patterns
Backtested for Proven Results
Part 90 of the Wiley Trading series
Candlesticks are one of the most widely used technical tools in trading. Designed to provide detailed, at-a-glance information, these charts are integrated into almost every web site and charting software solution. But, despite their popularity, the definitions of these candlestick patterns are often vague and misleading.
Now, for the first time ever, Steve Palmquist hands you the secrets for effectively using candlestick patterns in all market conditions. Data that would take years to compile and years to interpret is now at your fingertips.
Based on intensive back testing and research, Money-Making Candlestick Patterns shows how to appropriately use the most popular candlestick patterns in bull, bear, and sideways trends.
Built from PROVEN FACTS, not theory, you'll learn:
• Clear definitions of each selected pattern to remove guesswork and improve performance
• Exactly what you need to know about back testing to increase your wins and minimize your losses
• The impact of various market conditions on the most powerful patterns to remove surprises and increase profits
• Keys to eliminating common testing mistakes that can prevent you from making money
• The candlestick pattern that has shown triple ROI in back testing
This book rigorously tests the assumptions inherent in standard candlestick pattern definitions. Each chapter breaks down the pattern to examine how parameters such as current volume, average volume, and price level will impact results.
The definitions that most often produce profitable trades are identified and outlined with complete usage instructions for increasing your winning trade percentage.
In this book, technician Steve Palmquist hands you his years of research. The information on back testing and the insight into your favorite patterns will give you a seasoned advantage in a fraction of the time. Thorough and efficiently organized, this book will allow you to use candlestick patterns to exploit every move the market makes.
Trading and Hedging With Agricultural Futures and Options
Part 91 of the Wiley Trading series
Today's Premier Guidebook for Understanding Agricultural Options and Making Them a Key Part of Your Trading and Risk Management Strategy
Agricultural futures and options represent a vital niche in today's options trading world. “Trading and Hedging with Agricultural Futures and Options” takes an in-depth look at these valuable trading tools, and presents clear, proven strategies and techniques for both hedgers and traders to achieve their goals while minimizing risk.
Relying on nuts-and-bolts techniques and examples as opposed to the mathematical models and theory favored by other options-trading manuals this practical, hands-on book discusses many topics, including:
• How hedgers and traders can use options effectively with realistic expectations
• Methods to understand price behavior including the "Greeks" (delta, gamma, vega, and theta)
• The importance of volatility and little-known ways to make it work to your advantage
For producers and processors, agricultural futures and options are necessary components for controlling costs and hedging risks. For traders, they are proven vehicles for earning exceptional risk-adjusted profits. Whichever side of the aisle you are on, “Trading and Hedging with Agricultural Futures and Options” will provide you with the answers you need to effectively use these versatile tools and make them an integral part of your business.
LEAPS Trading Strategies
Powerful Techniques for Options Trading Success
Part 98 of the Wiley Trading series
Investors are increasingly turning to LEAPS (Long-Term Equity AnticiPation Securities) to combine the advantages of options trading with the benefits and security of a longer time frame. Here, Marty Kearney of the Options Institute at the Chicago Board Options Exchange examines the wide range of practical and effective strategies for managing LEAPS and shows you how to match these strategies to your own risk profile.
Learn how to tailor your options program using LEAPS and devise key strategies to improve profitability, protect paper profits, and avoid losses in long stock positions.
• Use LEAPS to produce monthly income
• Identify key elements in determining LEAPS prices
• Master LEAPS symbols and expiration cycles
• Insure your portfolio against market pullbacks
• Manage year-end tax consequences
• Establish security positions with little risk
Kearney walks you through the inner workings of LEAPS and shows you compelling strategies for incorporating them into your overall approach to market. With instant access to the online video, you'll have everything you need to begin profiting with LEAPS.
Basic Option Volatility Strategies
Understanding Popular Pricing Models
Part 99 of the Wiley Trading series
Now you can learn directly from Sheldon Natenberg! In this unique multimedia course, Natenberg will explain the most popular option pricing strategies. Follow along as this trading legend walks you through the calculations and key elements of option volatility in this video, companion book, and self-test combination.
Get The Full Impact Of Every Word Of This Traders' Hall Of Fame Presentation.
You'll learn:
Implied volatility and how it is calculated, so you can find the best positions,
What assumptions are driving an options pricing model to be ahead of the trade,
Proven techniques for comparing price to value to increase your number of winning trade,
How you can use probability to estimate option prices to increase trading income.
Spending time with a trading legend is usually a dream for most traders, but this is your opportunity to get the inside tactics of one of the most sought-after educators in options. With the personal touch of his presentation, Natenberg's educational tool gives all traders, beginner to advanced, access to the powerful insights that can bring ongoing option trading success.
Intermarket Analysis
Profiting from Global Market Relationships
Part 115 of the Wiley Trading series
Praise for INTERMARKET ANALYSIS
"John Murphy has done it again. He dissects the global relationships between equities, bonds, currencies, and commodities like no one else can, and lays out an irrefutable case for intermarket analysis in plain English. This book is a must-read for all serious traders."
-Louis B. Mendelsohn, creator of VantagePoint Intermarket Analysis software
"John Murphy's Intermarket Analysis should be on the desk of every trader and investor if they want to be positioned in the right markets at the right time."
-Thom Hartle, President, Market Analytics, Inc. (www.thomhartle.com)
"This book is full of valuable information. As a daily practitioner of intermarket analysis, I thought I knew most aspects of this invaluable subject, but this book gave me several new ideas. I thoroughly recommend it for beginners and professionals."
-Martin Pring, President of Pring.com and editor of the Intermarket Review Newsletter
"Mr. Murphy's Intermarket Analysis is truly the most efficient and unambiguous way to define economic and fundamental relationships as they unfold in the market. It cuts through all of the conflicting economic news/views expressed each day to provide a clear picture of the 'here and now' in the global marketplace."
-Dennis Hynes, Managing Director, R. W. Pressprich
"Master Murphy is back with the quintessential look at intermarket analysis. The complex relationships among financial instruments have never been more important, and this book brings it all into focus. This is an essential read for all investors."
-Andrew Bekoff, Technical Strategist, VDM NYSE Specialists
"John Murphy is a legend in technical analysis, and a master at explaining precisely how the major markets impact each other. This updated version provides even more lessons from the past, plus fresh insights on current market trends."
-Price Headley, BigTrends.com, author of Big Trends in Trading
Just a Trade a Day
Simple Ways to Profit from Predictable Market Moves
Part 128 of the Wiley Trading series
The world's number-one Fibonacci trading guru delivers a revolutionary new system for finding that one, great trade a day.
Using the revolutionary, easy-to-learn methods outlined in this book, the full power of Fibonacci trading will be yours to command. Michael Jardine, one of the world's acknowledged experts on Fibonacci trading and author of the international bestseller, “New Frontiers in Fibonacci Trading”, draws upon his decades of experience with Fibonacci trading theory and practice to develop a simple, easy-to-use system that allows you to find that one great trade a day that every trader hopes for-day after day, year after year. Combining his original Jardine Range and what he has dubbed the "Universal Chart," Jardine's trading system will deliver greater consistency and objectivity to your trading, indicate key trend reversals, optimize your exits and much more.
• Clearly explains how to use the Universal System right out of the box with any trading instrument and in any time frame
• Demonstrates how to use the system in conjunction with other tools and strategies to complement your current trading methodology
• Shows how to use Market Profile™ and Points of Control to more reliably determine comfort levels in the markets and anticipate trending moves with uncanny accuracy
• Uses detailed simulations to help clarify the theory behind the Universal System and to let you observe how it works in practice
• Packed with real-life examples Jardine's and includes a 500-day trading summary/journal demonstrating just how profitable this time-tested system has been for him.
Strategies for Profiting With Japanese Candlestick Charts
Part 132 of the Wiley Trading series
From the introductory concepts through sophisticated applications-the most thorough, authoritative guide to harnessing the power of Japanese candlesticks.
The book that introduced traders everywhere how to unleash the awesome power of “Japanese Candlestick” is now better than ever! Written by the visionary who introduced candlesticks to traders in the West, this new edition of the international bestseller has been fully updated and revised for today's more competitive and fickle markets. Your complete guide to all things candlesticks, it fills you in on what they are and where they come from, how to read and interpret them and how to use them to anticipate and capitalize on price moves and market changes with a degree of accuracy you never imagined was possible!
• A rare opportunity to learn about this powerful charting technique from the man who introduced candlesticks to the West and the world's premiere expert
• Covers the most important candle patterns and breaks each down into its component parts with crystal clear explanations of what each part indicates
• Details strategies for combining candlesticks with other technical tools to spot big moves and find optimal exits
• Delivers expert advice and guidance on how to avoid costly candlesticks mistakes that even seasoned traders can make
• Shares proven strategies for using candlesticks for hedging and managing investment risk, along with techniques for making candlesticks a valued tool for swing and day trading
Charting Made Easy
Part 149 of the Wiley Trading series
Here is a treasure trove of easy-to-use tools for mapping your course through today's market. Whether you're using online charts or a professional charting software program, these techniques from master technician John Murphy can increase your trading success.
"One of the greatest benefits of technical analysis is its applicability to any and all markets... charts can be an extremely valuable tool-if you know how to use them. This booklet is a good place to start learning how."
Renowned market technician John Murphy presents basic principles of technical analysis in easy-to-understand term.
He covers:
• All types of chart analysis
• "Need to know" concepts, including trendlines, moving averages, price gaps, reversal patterns, volume & open interest spreads, and more!
• Price forecasting and market timing applications
• A full resource guide of technical analysis aide
• How to use the industry's top tools to obtain a better understanding of what charts can do, and how they can help you grab your portion of today's trading profits.
Cybernetic Analysis for Stocks and Futures
Cutting-Edge DSP Technology to Improve Your Trading
Part 202 of the Wiley Trading series
Cutting-edge insight from the leader in trading technology
In “Cybernetic Analysis for Stocks and Futures”, noted technical analyst John Ehlers continues to enlighten readers on the art of predicting the market based on tested systems. With application of his engineering expertise, Ehlers explains the latest, most advanced techniques that help traders predict stock and futures markets with surgical precision. Unique new indicators and automatic trading systems are described in text as well as Easy Language and EFS code. The approaches are universal and robust enough to be applied to a full range of market conditions.
Trade Like a Hedge Fund
20 Successful Uncorrelated Strategies and Techniques to Winning Profits
Part 214 of the Wiley Trading series
Learn the successful strategies behind hedge fund investing
Hedge funds and hedge fund trading strategies have long been popular in the financial community because of their flexibility, aggressiveness, and creativity. “Trade Like a Hedge Fund” capitalizes on this phenomenon and builds on it by bringing fresh and practical ideas to the trading table. This book shares 20 uncorrelated trading strategies and techniques that will enable readers to trade and invest like never before. With detailed examples and up-to-the-minute trading advice, “Trade Like a Hedge Fund” is a unique book that will help readers increase the value of their portfolios, while decreasing risk.
A Complete Guide to Technical Trading Tactics
How to Profit Using Pivot Points, Candlesticks & Other Indicators
Part 217 of the Wiley Trading series
A thorough trading guide from a professional trader
“The Complete Guide to Technical Trading Tactics” can help the new individual investor understand the mechanics of the markets. Filled with in-depth insights and practical advice, this book details what it takes to trade and shows readers how they can broaden their horizons by investing in the futures and options markets. “The Complete Guide to Technical Trading Tactics” outlines a variety of proven methodologies-pivot points, candlesticks, and other top indicators, so readers may use those that work best for them as well as make their own trading decisions without a second thought. Author John Person also shares his insights on a variety of trading technologies that will allow readers to gain a competitive edge in the market.
Trading Risk
Enhanced Profitability through Risk Control
Part 218 of the Wiley Trading series
Revolutionary techniques that traders can implement to improve profits and avoid losses
No trader, professional or individual, can afford not to have a solid risk management program integrated into his or her trading system. But finding a precise mathematical model to replace subjective decision-making processes is a challenge. Traditionally, risk management has focused solely on loss avoidance, but in “Trading Risk”, hedge fund risk manager Kenneth Grant presents something completely new, how to manage a portfolio to minimize risk and increase profits by putting more capital at risk. “Trading Risk” details a risk management program that can help both money managers and individual traders evaluate which elements in a portfolio are working efficiently and which aren't. By illustrating an extremely simple set of statistical and arithmetic tools this book can help readers enhance their performance in many financial markets.
Entries and Exits
Visits to Sixteen Trading Rooms
Part 228 of the Wiley Trading series
Come behind closed doors and see real trades made by real traders.
Dr. Alexander Elder leads you into 16 trading rooms where you meet traders who open up their diaries and show you their trades. Some of them manage money, others trade for themselves, some trade for a living, others are on the semi-professional level. All are totally serious and honest in sharing their trades with those who would like to learn. You will meet American and international traders who trade stocks, futures, and options using a variety of methods. All are normally very private, but now, thanks to their relationships with Dr. Elder, you can see exactly how these traders decide to enter and exit trades. Each chapter illustrates an entry and an exit for two trades, with comments by Dr. Elder. With this book as your guide, you can get closer to mastering the key themes of trading-psychology, tactics, risk control, record keeping, and the decision-making process.
The companion Study Guide is filled with striking insights and practical advice allowing you to test your knowledge and reinforce the principles outlined in Entries & Exits.
McMillan on Options
Part 229 of the Wiley Trading series
Legendary trader Larry McMillan does it-again-offering his personal options strategies for consistently enhancing trading profits.
Larry McMillan's name is virtually synonymous with options. This "Trader's Hall of Fame" recipient first shared his personal options strategies and techniques in the original McMillan on Options. Now, in a revised and Second Edition, this indispensable guide to the world of options addresses a myriad of new techniques and methods needed for profiting consistently in today's fast-paced investment arena. This thoroughly new Second Edition features updates in almost every chapter as well as enhanced coverage of many new and increasingly popular products. It also offers McMillan's personal philosophy on options and reveals many of his previously unpublished personal insights. Readers will soon discover why Yale Hirsch of the Stock Trader's Almanac says, "McMillan is an options guru par excellence."
Winning the Day Trading Game
Lessons and Techniques from a Lifetime of Trading
Part 246 of the Wiley Trading series
Take a proven approach to short-term trading.
“Winning the Day Trading Game” offers an insider's view of the trading life and provides proven strategies for profitable trading. Professional trader Tom Busby explains how the strategies that made him so much money early on in his career ultimately failed during the 1987 stock market crash and then reveals how he reinvented himself as a high-percentage day trader. He interweaves personal experiences with technical explanations to outline the cornerstones of his technique. In highlighting his own trading experiences, Busby clearly explains how to beat the market by balancing the impulses of greed and fear, managing risk at all times, and taking responsibility for your trading.
Trade Stocks and Commodities With the Insiders
Secrets of the COT Report
Part 247 of the Wiley Trading series
Successful trader Larry Williams reveals industry secrets that help investors and traders successfully invest and trade side-by-side with the largest commercial interests in the world. You'll be introduced to the COT (Commitment of Traders) report, the best resource for achieving trading success, learn exactly what the information it contains means, and plan for maximizing profits by acting on reported actions.
Day Trading and Swing Trading the Currency Market
Technical and Fundamental Strategies to Profit from Market Moves
Part 260 of the Wiley Trading series
Play the forex markets to win with this invaluable guide to strategy and analysis
Day Trading and Swing Trading the Currency Market gives forex traders the strategies and skills they need to approach this highly competitive arena on an equal footing with major institutions. Now in it's third edition, this invaluable guide provides the latest statistics, data, and analysis of recent events, giving you the most up-to-date picture of the state of the fast-moving foreign exchange markets. You'll learn how the interbank currency markets work, and how to borrow strategy from the biggest players to profit from trends. Clear and comprehensive, this book describes the technical and fundamental strategies that allow individual traders to compete with bank traders, and gives you comprehensive explanations of strategies involving intermarket relationships, interest rate differentials, option volatilities, news events, and more. The companion website gives you access to video seminars on how to be a better trader, providing another leg up in this competitive market.
The multi-billion-dollar foreign exchange market is the most actively traded market in the world. With online trading platforms now offering retail traders direct access to the interbank foreign exchange market, there's never been a better time for individuals to learn the ropes of this somewhat secretive area. This book is your complete guide to forex trading, equipping you to play with the big guys and win-on your own terms.
• Understand how the foreign currency markets work, and the forces that move them
• Analyze the market to profit from short-term swings using time-tested strategies
• Learn a variety of technical trades for navigating overbought or oversold markets
• Examine the unique characteristics of various currency pairs
Many of the world's most successful traders have made the bulk of their winnings in the currency market, and now it's your turn. Day Trading and Swing Trading the Currency Market is the must-have guide for all foreign exchange traders.
Master Traders
Strategies for Superior Returns from Today's Top Traders
Part 266 of the Wiley Trading series
Master Traders introduces you to an outstanding group of financial experts-from seasoned hedge fund managers to top technical analysts-who discuss the methods they use to tame today's highly volatile and unpredictable markets. Composed of chapters contributed by leading financial professionals, Master Traders contains a variety of proven strategies and techniques that will give you an edge in the world of stocks, options, and futures.
Trading Rules That Work
The 28 Essential Lessons Every Trader Must Master
Part 268 of the Wiley Trading series
“Trading Rules that Work” introduces you to twenty-eight essential rules that can be shaped to fit any trading approach-whether you're dealing in stocks, commodities, or currencies. Engaging and informative, “Trading Rules that Work” outlines the deeper psychology behind each of these accepted trading rules and provides you with a better understanding of how to make those rules work for you.
Thirty Days of FOREX Trading
Trades, Tactics, and Techniques
Part 272 of the Wiley Trading series
Whether you're a full-time trader looking to make a living or a part-time trader looking to make some extra money, the foreign exchange (forex) market has what you desire-the potential to make sizeable profits and 24/7 accessibility.
But to make it in today's forex market, you need more than a firm understanding of the tools and techniques of this discipline. You need the guidance of someone who has participated, and prevailed, in this type of fast-paced environment.
Raghee Horner has successfully traded in the forex market for over a decade, and now, in Thirty Days of Forex Trading, she shares her experiences in this field by chronicling one full month of trading real money. First, Horner introduces you to the tools of the forex trade, and then she moves on to show you exactly what she does, day after day, to find potentially profitable opportunities in the forex market.
Part instructional guide, part trading journal, Thirty Days of Forex Trading will show you-through Horner's firsthand examples-how to enter the forex market with confidence and exit with profits.
Evidence-Based Technical Analysis
Applying the Scientific Method and Statistical Inference to Trading Signals
Part 274 of the Wiley Trading series
“Evidence-Based Technical Analysis” examines how you can apply the scientific method, and recently developed statistical tests, to determine the true effectiveness of technical trading signals. Throughout the book, expert David Aronson provides you with comprehensive coverage of this new methodology, which is specifically designed for evaluating the performance of rules/signals that are discovered by data mining.
Enhancing Trader Performance
Proven Strategies From the Cutting Edge of Trading Psychology
Part 276 of the Wiley Trading series
Through his own trading experiences and those of individuals he has mentored, Dr. Brett Steenbarger is familiar with the challenges that traders face and the performance and psychological strategies that can meet those challenges. In “Enhancing Trader Performance”, Steenbarger shows you how to transform talent into trading skill through a structured process of expertise development and reveals how this approach can help you achieve market mastery.
Markets in Profile
Profiting from the Auction Process
Part 278 of the Wiley Trading series
“Markets in Profile” explores the confluence of three disparate philosophical frameworks: the Market Profile, behavioral finance, and neuroeconomics in order to present a unified theory of how markets work. The Market Profile is an ever-evolving, multidimensional graphic that gives visual form to the market's continuing auction process, revealing the myriad underlying dynamics that influence market activity. Behavioral finance posits that investors are driven more by emotional factors and the subjective interpretation of minutia than by "rationality" when making investment decisions. And neuroeconomics is the study of how investor psychology permeates and affects the financial markets. Mr. Dalton explicates the ways in which irrational human behavior influences the market's natural auction process, creating frequently predictable market structure, which results in opportunities for investors to ameliorate risk. The book will improve investors ability to interpret change in markets, enabling better, more confident investment decisions.
Adventures of a Currency Trader
A Fable about Trading, Courage, and Doing the Right Thing
Part 286 of the Wiley Trading series
TABLE OF CONTENTS
About the Editor vii
About the Contributors ix
Foreword by Steven Haberman xv
About the Book xvii
Introduction: Navigating the Centuries 1
Ouida Taaffe
The Business of Banking – Reflections, and Directions of Travel
Chapter 1 Banking, Finance and Society: What Keeps the Motor Running? 11
Peter Hahn
Chapter 2 Standing the Test of Time 21
Paul Lynam
Chapter 3 What Happens When Nobody is Watching: Regulation, Bank Risk Culture and Achieving Environmental Sustainability 27
Kern Alexander and Paul Fisher
Chapter 4 It Takes an Ecosystem: The Future of Trade Financing 43
Alexander Malaket
Chapter 5 A New Playbook for Banks 55
William A. Allen
Chapter 6 Sustainable Investment: The Golden Moment 69
Elizabeth Corley
Chapter 7 Living ‘Off Income’ 79
Richard Tomlinson
Chapter 8 Power to the Customer: Disrupting Banking 93
Anne Boden
Chapter 9 RIP Libor 101
Richard Northedge
Chapter 10 Boosting UK Bank Competition: Still Many Cliffs to Climb 115
Martin Stewart
Banking – People and Skills
Chapter 11 Changing the Face of Banking and Finance 125
Shelley Doorey-Williams
Chapter 12 Getting the Right Stuff 141
Mike Thompson
Chapter 13 Financial Education: How to Make it Count 149
Andy Davis
Banking, Technology and the Future
Chapter 14 Banking on Identity 163
David G. W. Birch
Chapter 15 Going Over the Top 173
Renier Lemmens
Chapter 16 Banking Technology: Can the Centre Hold? 183
Anthony Gandy
Chapter 17 The Future of Payments 199
Ruth Wandhöfer
The Role of the Institute as a Life-Long Partner for Education
Chapter 18 Life Lessons 211
Alex Fraser
Index 217
The Three Skills of Top Trading
Behavioral Systems Building, Pattern Recognition, and Mental State Management
Part 291 of the Wiley Trading series
TABLE OF CONTENTS
Preface.
Acknowledgments.
About the Author.
PART ONE Systems Building and Behavioral Finance.
CHAPTER 1 Systems Building for the Three Skills of Top Trading.
CHAPTER 2 Behavioral Finance.
CHAPTER 3 The Life Cycle Model of Crowd Behavior.
PART TWO Pattern Recognition and Discretionary Trading.
CHAPTER 4 Wyckoff: The Man, the Method, the Mystique.
CHAPTER 5 The Basic Elements of Charting for the Wyckoff Method.
CHAPTER 6 The Wyckoff Method of Technical Analysis and Speculation.
CHAPTER 7 Anatomy of a Trade.
PART THREE Mental State Management.
CHAPTER 8 Trader Psychology and Mental Discipline.
CHAPTER 9 The Composite Man.
CHAPTER 10 Putting It All Together: Ten Principles for a Trader to Live.
Notes.
Recommended Reading.
Bibliography.
Index.
Inside the Investor's Brain
The Power of Mind Over Money
Part 295 of the Wiley Trading series
Unique insights into how the mind of an investor operates and how developing emotional awareness leads to long-term success.
Inside the Investor's Brain provides readers with specific techniques for understanding their financial psychology, so that they can improve their own performance and learn how to outsmart other investors. Chapter by chapter, author Richard Peterson addresses various mental traps and how they play a role in investing. Through examples, such as a gambling experiment with playing cards, the author shows readers how being aware of the subconscious can separate the smart investors from the average ones. This book also contains descriptions of the work of neuroscientists, financial practitioners, and psychologists, offering an expert's view into the mind of the market. Innovative and accessible, Inside the Investor's Brain gives investors the tools they need to better understand how emotions and mental biases affect the way they manage money and react to market moves.
Forex Patterns and Probabilities
Trading Strategies for Trending and Range-Bound Markets
Part 299 of the Wiley Trading series
While most books on trading deal with general concepts and shy away from specifics, “Forex Patterns and Probabilities” provides you with real-world strategies and a rare sense of clarity about the specific mechanics of currency trading. Leading trading educator Ed Ponsi will explain the driving forces in the currency markets and will provide strategies to enter, exit, and manage successful trades. Dozens of chart examples and explanations will guide you each step of the way and allow the reader to "look over the shoulder" of a professional trader hard at work at his craft.
This book provides traders with step-by-step methodologies that are based on real market tendencies. The strategies in this book are presented clearly and in detail, so that anyone who wishes to can learn how to trade like a professional. It is written in a style that is easy to understand, so that the reader can quickly learn and use the techniques provided.
Trade What You See
How To Profit from Pattern Recognition
Part 302 of the Wiley Trading series
Trading the financial markets is extremely difficult, but with the right approach, traders can achieve success. Nobody knows this better than authors Larry Pesavento and Leslie Jouflas, both traders and educators of traders, who have consistently used pattern recognition to capture profits from the markets. In Trade What You See, Pesavento and Jouflas show traders how to identify patterns as they are developing and exactly where to place entry and exit orders. While some patterns derive from the techniques of Wall Street's earliest traders and other patterns reflect Pesavento's emphasis on the geometry of market movements and Fibonacci numbers. Filled with hard-won knowledge gained through years of market experience, Trade What You See outlines both a practical and sophisticated approach to trading that will be of interest to both novice and seasoned traders alike.
The Evaluation and Optimization of Trading Strategies
Part 314 of the Wiley Trading series
A newly expanded and updated edition of the trading classic, Design, Testing, and Optimization of Trading Systems
Trading systems expert Robert Pardo is back, and in The Evaluation and Optimization of Trading Strategies, a thoroughly revised and updated edition of his classic text Design, Testing, and Optimization of Trading Systems, he reveals how he has perfected the programming and testing of trading systems using a successful battery of his own time-proven techniques. With this book, Pardo delivers important information to readers, from the design of workable trading strategies to measuring issues like profit and risk. Written in a straightforward and accessible style, this detailed guide presents traders with a way to develop and verify their trading strategy no matter what form they are currently using—stochastics, moving averages, chart patterns, RSI, or breakout methods. Whether a trader is seeking to enhance their profit or just getting started in testing, The Evaluation and Optimization of Trading Strategies offers practical instruction and expert advice on the development, evaluation, and application of winning mechanical trading systems.
The Secret Science of Price and Volume
Techniques for Spotting Market Trends, Hot Sectors, and the Best Stocks
Part 319 of the Wiley Trading series
In The Secret Science of Price and Volume, leading market timer Tim Ord outlines a top-down approach to trading-identifying the trend, picking the strongest sectors, and focusing on the best stocks within those sectors-that will allow you to excel in a variety of markets. With this book as your guide, you'll quickly become familiar with Ord's proven method and discover how it can be used to make more profitable trading decisions.
Volatility Trading
Part 331 of the Wiley Trading series
In “Volatility Trading”, Sinclair offers you a quantitative model for measuring volatility in order to gain an edge in your everyday option trading endeavors. With an accessible, straightforward approach. He guides traders through the basics of option pricing, volatility measurement, hedging, money management, and trade evaluation. In addition, Sinclair explains the often-overlooked psychological aspects of trading, revealing both how behavioral psychology can create market conditions traders can take advantage of, and how it can lead them astray. Psychological biases, he asserts, are probably the drivers behind most sources of edge available to a volatility trader.
Your goal, Sinclair explains, must be clearly defined and easily expressed, if you cannot explain it in one sentence, you probably aren't completely clear about what it is. The same applies to your statistical edge. If you do not know exactly what your edge is, you shouldn't trade. He shows how, in addition to the numerical evaluation of a potential trade, you should be able to identify and evaluate the reason why implied volatility is priced where it is, that is, why an edge exists. This means it is also necessary to be on top of recent news stories, sector trends, and behavioral psychology. Finally, Sinclair underscores why trades need to be sized correctly, which means that each trade is evaluated according to its projected return and risk in the overall context of your goals.
As the author concludes, while we also need to pay attention to seemingly mundane things like having good execution software, a comfortable office, and getting enough sleep, it is knowledge that is the ultimate source of edge. So, all else being equal, the trader with the greater knowledge will be the more successful.
Encyclopedia of Candlestick Charts
Part 332 of the Wiley Trading series
Following in the footsteps of author Thomas Bulkowski's bestselling Encyclopedia of Chart Patterns-and structured in the same way-this easy-to-read and -use resource takes an in-depth look at 103 candlestick formations, from identification guidelines and statistical analysis of their behavior to detailed trading tactics. Encyclopedia of Candlestick Charts also includes chapters that contain important discoveries and statistical summaries, as well as a glossary of relevant terms and a visual index to make candlestick identification easy.
Sentiment in the Forex Market
Indicators and Strategies To Profit from Crowd Behavior and Market Extremes
Part 339 of the Wiley Trading series
Crowds move markets and at major market turning points, the crowds are almost always wrong. When crowd sentiment is overwhelmingly positive or overwhelmingly negative? it's a signal that the trend is exhausted and the market is ready to move powerfully in the opposite direction. Sentiment has long been a tool used by equity, futures, and options traders.
In Sentiment in the Forex Market, FXCM analyst Jaime Saettele applies sentiment analysis to the currency market, using both traditional and new sentiment indicators, including Commitment of Traders reports, time cycles, pivot points, oscillators, and Fibonacci time and price ratios. He also explains how to interpret news coverage of the markets to get a sense of when participants have become overly bullish or bearish. Saettele points out that several famous traders such as George Soros and Robert Prechter made huge profits by identifying shifts in crowd sentiment at major market turning points. Many individual traders lose money in the currency market, Saettele asserts, because they are too short-term oriented and trade impulsively. He believes retail traders would be much more successful if they adopted a longer-term, contrarian approach, utilizing sentiment indicators to position themselves at the beginning points of major trends.
The Complete Guide to Option Strategies
Advanced and Basic Strategies on Stocks, ETFS, Indexes, and Stock Index Futures
Part 356 of the Wiley Trading series
Important insights into effective option strategies
In “The Complete Guide to Option Strategies”, top-performing commodity trading advisor Michael Mullaney explains how to successfully employ a variety of option strategies, from the most risky-selling naked puts and calls, to more conservative strategies using covered positions. The author covers everything from options on stocks, exchange-traded funds, stock indexes, and stock index futures to essential information on risk management, option "Greeks," and order placement. The book provides numerous tables and graphs to benefit beginning and experienced traders. Written by a CTA who has successfully employed various options strategies to generate market-beating returns, “The Complete Guide to Option Strategies” will be an important addition to any trader's library.
Trade Like a Pro
15 High-Profit Trading Strategies
Part 383 of the Wiley Trading series
Synopsis currently unvailable.
The Art of Contrarian Trading
How to Profit from Crowd Behavior in the Financial Markets
Part 388 of the Wiley Trading series
Why is it so hard to beat the market? How can you avoid getting caught in bubbles and crashes? You will find the answers in Carl Futia's new book, The Art of Contrarian Trading. This book will teach you Futia's novel method of contrarian trading from the ground up.
In 16 chapters filled with facts and many historical examples Futia explains the principles and practice of contrarian trading. Discover the Edge which separates winning speculators from the losers. Find out how to apply the No Free Lunch principle to identify profitable trading methods. Learn about the wisdom and the follies of investment crowds — and how crowds are formed by information cascades that drive stock prices too high or too low relative to fair value. Discover the power of your Media Diary - and how to use it to spot these information cascades, measure the strength of the crowd's beliefs, and decide when the crowd's view is about to be proven wrong.
You will watch Futia apply these principles of contrarian trading to navigate safely and profitably through the last 26 tumultuous years of roller coaster swings in the U.S. stock market — a time during which Futia kept his own media diary and developed his Grand Strategy of Contrarian Trading. See how this Grand Strategy worked during the Great Bull Market of 1982-2000. Watch the Contrarian Rebalancing technique in practice during the dot.com crash of 2000-2002. Find out when the Aggressive Contrarian Trader bought and sold during the bull market of 2002-2007. Read about the causes of the Panic of 2008 and ups and downs of contrarian trading during that dangerous time.
Futia shows you how the market turning points during the 1982-2008 period were foreshadowed by magazine covers and newspaper headlines that astonishingly and consistently encouraged investors to do the wrong thing at the wrong time. By monitoring crowd beliefs revealed by news media headlines — and with the guidance provided by the many historical examples Futia provides — a trader or investor will be well-equipped to anticipate and profit from market turning points.
Volatility-Based Technical Analysis
Strategies for Trading the Invisible
Part 396 of the Wiley Trading series
A framework for creating volatility-based technical analysis and trading it for profit.
“Volatility-Based Technical Analysis” bridges the advantage gap between resource rich institutions and individual traders. It is a no-calculus, plain-English text that reveals original, highly technical, mathematical-based volatility indicators, complete with MetaStock® and TradeStation® code. With this in hand, any trader can "trade the invisible" by seeing a hidden mathematical structure on the price chart. Author Kirk Northington reveals his proprietary volatility indicators that serve as a market early warning system. Northington extensively teaches you how to build your own indicators, test them, and incorporate your original components into your specific trading methods.
• Walks traders through the mathematical techniques needed to create indicators that fit their own style
• Illustrates volatility-based entries and exits with over 170 descriptive chart examples
• Introduces two new concepts in technical analysis: Volatility Shift and PIV
Written with the serious trader in mind, “Volatility-Based Technical Analysis” has what you need to successfully trade today's institutionally dominated markets.