The Market Guys' Five Points for Trading Success: Identify, Pinpoint, Strike, Protect and Act!
Over the course of their successful careers, AJ Monte and Rick Swope, also known as The Market Guys, have worked with hundreds of thousands of traders and investors all around the world. Long before they even considered creating a book, they were talking to traders in London, teaching options to students in Taipei, and helping investors protect their portfolios in Stockholm. During this time, they developed a Five Point strategy—identify the trend, pinpoint support, strike with the buyers, protect your position, and act for results—focusing on the issues that really matter when it comes to making money in today's markets. Now, with The Market Guys' Five Points for Trading Success, Monte and Swope look to share their hard-won insights with you.
Written in a straightforward and accessible style, The Market Guys' Five Points for Trading Success skillfully outlines this proven process and shows you how it can be used to build wealth and protect assets by:
1. Trading in the direction of the trend
2. Establishing a clear support level in order to determine when to exit a trade if the market moves against you
3. Making sure the pivot point is going up on the day you buy
4. Calculating your maximum loss as one percent of total account value
5. Entering a trade and then protecting it with a stop loss
Each step of the way, you'll be introduced to information that is essential to understanding and implementing The Market Guys' trading method. You'll discover the tools of technical analysis and some of the common mistakes that people make in the markets. You'll also become familiar with the specific strategies and techniques that will allow you to locate the best stocks, enter a trade, and manage risk. Monte and Swope even take the time to address the exciting world of options, and show you how they can be used in your trading endeavors.
Much more than a compilation of trading strategies, this reliable resource contains the accumulated experiences of real people in real-world trading situations. Filled with in-depth insights and practical advice, The Market Guys' Five Points for Trading Success will enable you to make more profitable decisions as you navigate today's dynamic markets.
* Hardcover: 318 pages
* Publisher: Wiley (January 2, 2008)
* Language: English
* ISBN-10: 0470138971