Trading financial markets for almost as long as I can remember. During this time I have encountered many fine people both traders and authors from whom I have learned a lot. A lot of what I have learned has been from my own experiences and from simply observing and listening to the market.

 

Market traders have acquired a reputation for being aggressive and opinionated without any particular virtues to justify these characteristics. But my experience has shown me that the best traders are anything but egotistical. Sure they are usually confident and purposeful, but an ability to put their egos and opinions aside and listen to what the market is telling them is one of the distinguishing characteristics of those I have met.

 

This is a difficult balance to achieve: a good trader must be confident and determined but must also be willing to accept that their opinions 

– perhaps beliefs would be a better word

 – must always be subsidiary to the facts that the markets presents. Perhaps, this ability is itself a sign of self-confidence. It is the mental strength and security of mind that they are not their opinions about the market. They are traders, successful traders. And successful traders listen to the market and act on what it tells them.

 

Table of Contents

1 JUST STARTING? HERE’S 12 THINGS TO KNOW .......... 3

2 TRADING IS A BUSINESS ........................... 6

3 TRADING PREDICTIONS AND EXPECTATIONS ............. 9

4 MYTHS AND CLICHÉS THAT WILL HURT YOUR TRADING .... 14

5 SOME NUGGETS OF MARKET WISDOM ................ 18

6 ENTRY TIMING STRATEGIES ....................... 22

7 TRADING STYLES .............................. 26

8 USING MOVING AVERAGES AND MACD ............... 28

9 UNDERSTANDING OSCILLATORS .................... 31

10 KEEPING ACCOUNT OF RISK ....................... 36

11 A GAME OF PROBABILITY ......................... 41

 

This eBook is Part 1 of a full collection of essays, articles and reviews that I have written over the years. The full collection is available to download free of charge from www.traderincharge.com.

 

General Rules for Traders

 

I know at last what distinguishes man from animals; financial worries.

Romain Rolland

 

In rising financial markets, the world is forever new. The bull or optimist has no eyes for past or present, but only for the future, where streams of revenue play in his imagination.

James Buchan

 

When an economist says the evidence is ‘mixed’, he or she means that theory says one thing and data says the opposite.

Richard Thaler

 

Obviousness is always the enemy of correctness.

Bertrand Russell

 

and much, much more!

 

Master Resell Rights License

[YES] Can sell and keep 100% of the sales

[YES] Can edit the sales letter and graphics

[YES] Can be bundled into another paid package and sell at a higher price

[YES] Can be used as a bonus to another product you are selling

[YES] Can be added into a membership site

[YES] Can pass on the Resell Rights privilege to your customers

[YES] Can pass on the Master Resell Rights privilege to your customers

[YES] Can be given away for free

[NO] Contents of the product can be edited, modified or altered

[NO] CANNOT be sold with private label rights

No Liability

Under no circumstances will the product creator, programmer or any of the distributors of this product, or any distributors, be liable to any party for any direct, indirect, punitive, special, incidental, or other consequential damages arising directly or indirectly from the use of this product This product is provided "as is" and without warranties.