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Description of Winning Edge Trading

Praise For Winning Edge Trading

"Dr. Gandevani has written another excellent book. This time, he shares some of his most specific and practical trading strategies and insights. After describing the ′pitfalls′ of old trading systems, he very usefully and concisely explains his system to help day traders, swing traders, and position traders. The section on investment psychology is also a must–read for every serious trader. I am very pleased to recommend this excellent piece of work focusing on trading and investment in practice."
—Dr. Ehsan Nikbakht, CFA, Professor of Finance,Hofstra University

"The recent credit crisis has permanently altered the financial landscape we knew and trusted. Ned convincingly documents this important paradigm shift in financial markets, and more importantly, his forward–lookingapproach incorporating investor psychology can greatly benefit both the novice and experienced trader."
—Andrew C. Spieler, PhD, CFA, FRM, Director,Quantitative Finance Program, Frank G. Zarb School ofBusiness, Hofstra University

Title Information

ISBN:

9780470472750

Pages:

224 pages

Format:

Hardback

Product Code:

425537

Publisher:

John Wiley & Sons Ltd

Published:

12/01/2010

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About Ned Gandevani

Ned Gandevani, PhD, is a professional trader and developer of the renowned Wining Edge Systems, which is based on chaos theory. He has trained and coached many professional traders for more than a decade and written numerous articles, which have been published in magazines such as Technical Analysis of Stocks and Commodity, Futures, and Stocks, Futures, and Options (SFO). Dr. Gandevani is a member of the American Finance Association (AFA), the Society of Quantitative Analysts (SQA), and an affiliate member of the Market Technician Association (MTA). He teaches graduate–level and MBA courses at Keller Graduate School of Management in Long Island City and Manhattan.

Contents of Winning Edge Trading

Part I The New Trading Paradigm

1 The Great Stock Market Meltdown
Primary Causes of the Current Financial Crisis
Dealing with the Emotional Toll
Rescuing Yourself from Financial Disaster
Transitioning from Investor to Trader

2 Introducing the New Trading Paradigm
Online Trading
Flexible and Active Management
Exchange-Traded Funds
More Choices, Better Trading Opportunities
New Market Conditions
Intermarket Analysis Dynamics
Fundamental Analysis, Help Me Not!

3 Pitfalls of the Old Investing Paradigm
Buy and Hold
Invest for the Long Term
Heavy Reliance on Fundamental Analysis
Light Portfolio Monitoring
Asset Selection Based Merely On Asset-Specific Risk
Time to Take Charge

Part II Trading Instruments and Markets

4 Understanding the Financial Markets: Common Stocks
What Are Financial Assets?
Types of Trading Markets
Characteristics of the Common Stocks Market

5 The Exchange-Traded Funds (ETFs) Market
Characteristics of ETFs
Advantages and Disadvantages
Sectors and Types
Sponsors
ETFs, Attractive Trading Instruments

6 The Futures Market: Commodities, Financial, and Physical
Characteristics of the Futures Markets
Leverage Opportunities

Part III Trading Tools

7 Fundamental Analysis
What is Fundamental Analysis?
Financial Statements
Equity Valuation Methods
Fundamental Analysis Can't Deliver Timely Information

8 Technical Analysis
Tools Used for Technical Analysis
Technical Indicators
Market Retracement Levels
Fibonacci Retracements

9 Winning Edge Trading System Market Model
The Market as a System
Contraction/Expansion Principle
Fear Is Stronger Than Greed and Hope
Habitual Patterns
Market Trends
More Observations About Market Behavior
Trend-line Orders
Winning Edge Market Model

10 Mechanics of Winning Edge Trading System
The Entry Signals
The Exit Signals
The System's Protective Stops

11 Winning Edge System for Day Trading
Day Trading E-Minis S&P Futures Contracts
Day Trading QQQQ

12 Winning Edge System for Intermediate-Term or Swing Trading
Swing Trading S&P Futures
Long Signal for S&P Futures Contracts
Short Signal for S&P Futures Contracts

13 Winning Edge System for Long-Term or Position Trading
Position-Trading Russell 1000 Index Futures
Long Signal for Russell 1000 Futures Contracts
Short Signal for NASDAQ Futures Contracts
Short Signal for NASDAQ Futures Contracts with No RSI Confirmation

Part IV Investment Psychology

14 Trading Psychology and Trading Personality Profile
Two Pillars of Successful Trading
What Is Personality?
Why Is Personality Important to Trading Success?
Personality Theories
Personality Type Theories
Personality Traits Theories
Nature or Nurture?
Genotype and Phenotype
Five Factor Model and the Big Five Model

15 Trading Personality Profile Test
Five-Factor Model of Personality
What the TPP Test Reveals About You
Trading Personality Profile Sample Test
TPP or OCEAN Score Guide
Reviewing Your TPP Score

16 Successful Trader's Blueprint
Constructing Your Trading Success Blueprint
Set SMART Trading Goals
The Triple-A Formula for success
See You at the Top!

Appendix A Toxic Assets and Modified Mark-to-Market Valuation Method
Appendix B About Winning Edge Trading Strategies

Notes
Index
About the Author