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- Product code: 5709
- ISBN: 047116979X,
ISBN13: 9780471169796,
220 pages, hardback
Published by John Wiley & Sons on 1997
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Description of Trading the Plan |
Trading The Plan is a powerful instrument to help you achieve your financial destiny. It equips you with the tools you need to maximise your profits, control your risks, and, perhaps, most importantly, develop a money management program that will limit your losses.
In the course of reading this remarkable book, you'll grow to regard the author Robert Deel as a trusted advisor who gives you tough, straightforward advice and helps you implement the changes you need to make. And, unlike the 'one-size-fits-all' approach of other advisors, Deel shows you how to tailor a strategy that fits your specific needs, goals, and risk tolerance.
He examines the many faces of risk and thoroughly explores the key money management questions:
How much of total available capital should you risk?
How much do you risk in any one trade?
ÊHow much leverage should you lose?
How can you project losses and preserve you capital?
Like no other book of its kind, Trading the Plan gives the individual trader in futures, stocks, and options a superb resource for investing, managing money, and limiting the profit-draining losses that can lead to financial disaster.
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Reviews'Robert Deel offers traders and investors alike a solid overview of real world trading advice. The subject matter covers everything from the psychology of trading to practical money management techniques. This book is a definite read for any serious investor.'
David C. Stendahl, President, The OEX Trader, Inc.
| Contents of Trading the Plan |
1. Investology
Worksheets
The Human Environment
Risk
The 15 Rules of Investology
Financial Suicide
What Is The Market?
The Seduction of Real-Time Trading
When Cheap Isn't
Three Sentences You Never Want to Say
Understanding the Market Mind
Why the Market?
Market History
You Are Ready
2. Risk Management
Types of Risk
Beta Risk Analysis
Tactical Diversification
Understanding the Mathematics of Risk
Decision Zones
Stop Loss and Profit Lock
Analyzing Risk-to-Reward Ratio of a Trade
Technical Methods of Stop Placement
Charting Price
Probability Reversal Patterns
Consolidation Patterns
Gaps
3. Money Management
What Is DDRL and What Does It Tell You?
How Much Total Available Capital Should Be Risked?
How Much Do You Risk in Any One Individual Trade?
How Much Leverage Should You Use?
How Can You Project Losses and Preserve Your Capital?
The Theory and Mathematics of Drawdown
Trading Analysis and Drawdown
Plotting an Equity Line Using Maximum Drawdown
Yield Dynamics
Compounding Factors for Traders
Compounding, Leverage, and Risk
Preserve Your Capital and Protect Your Portfolio
Money Management Summary
4. Selection and Screening
Making the Highest-Probability Decisions
Fundamental Analysis
Market Trend Direction and Duration
Market Trend Quantifier
Sectors Analysis and Rotation
Investment Vehicle Selection
Technical Decision Matrix
Black-Belt Technical Indicators
Interpretation of Technical Indicators
Cycles
5. Trading
Enhanced Tactical Allocation Portfolio Strategies (ETAPS)
Risk and Return Can Be Managed
Diversification
Economic Cycle Investment Tactics (ECIT)
Cyclical, Defensive, Interest-Sensitive, and Growth Stocks
Economic Cycle Action Points
ETAPS Trading and Investment Philosophy
The Anatomy of a Trade
6. Computers, Software, Data Vendors, and Trading Systems
Your New Computer System
Equis International
Omega Research
Real-Time Trading Software
MarketSoft Research
Software Companies
Data Vendors and Compatibility
Nirvana Systems
Paper Trading Won't Work
Trading Systems
Education and Personal Training
Summary
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