Predict Explosive Moves In Stocks & Options(SEE 2 MORE Unbelievable BONUS INSIDE!!)
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Over the years, I have traded my own account, managed accounts for affluent clients, and mentored many traders. I know what really matters in running a successful trading operation. When I managed a million dollar account, I quickly learned that self-discipline and awareness was more important than my overall strategy. Many new traders think they need a trading system to become profitable, but that is only partially true.
I was lucky to have instant success in trading from the beginning, but that success jaded me because I never experienced large drawdowns or saw red on my trading screens. That is because I started managing accounts in the beginning of the 2008 financial crises and you couldn’t help but make money after such a monumental drop in the market.
Having to answer client calls, while trying to concentrate on trading, put a big strain on me. My thinking became unclear and my mind began to fill with self-doubt. I lost sleep and confidence in myself as stress consumed my days and nights. Clients during the time of the crisis wanted answers instantly to every piece of headline news. I quickly learned that hand holding and talk therapy was not my strongest asset. It took away my focus from trading.
Many trading books tell you to check your emotions at the door when it comes to trading. I always thought that to be very unrealistic as we are naturally emotional as part of our human nature. Ignoring our emotions is like an alcoholic in denial of his condition. So I began a journey to try to understand myself better and what actually influenced my trading decisions.
Trading Losses Due To The Color Red?
Researchers have long known that color can affect your mood. Artists and the people who design restaurants have always used color to subtly manipulate the emotions of their clients. Red evokes passion, excitement, anger, danger. Blue and green promote calm and serenity. Yellow screams optimism. Orange increases the appetite. White is clean and pure, while black is forbidding and scary.
Predict Market Swings With Technical Analysis by Michael McDonald
A must read for investors,
This book by Michael McDonald is an excellent one for obtaining an insight into the workings of the sometimes confusing stock market. His method of presentation makes it understandable, especially for the average non professional investor like myself.
How many people who invest in bonds really know how they are priced, or what fair value of stocks is, or how lump sum pensions are calculated? This information alone, based on stacking the money theory, is worth the price of the book.
His analysis of market timing versus buy and hold is a must read, plus learning about the Elliot wave theory and how to use it, along with contrary opinion, and if the market is in a trading range, gives you valuable tools to use in guiding your investment decisions.
Anyone new to the market, as well as serious investors who have been in the market for sometime, should have this book in their library to take advantage of McDonald's expertise and experience.
- 288 pages
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Publisher: Wiley; 1st edition
- Language: English
- ISBN-10: 0471205966
- ISBN-13: 978-0471205968
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Predict Explosive Moves In Stocks & Options
Predict Market Swings With Technical Analysis
Predicting Trend with Intermarket Analysis
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Serving Professional Traders Since 2008
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