The Simple Strategy - A Powerful Day Trading Strategy For Trading Futures, Stocks, ETFs and Forex
| Author | : | |
| Rating | : | 4.71 (613 Votes) |
| Asin | : | 0692329242 |
| Format Type | : | paperback |
| Number of Pages | : | 86 Pages |
| Publish Date | : | 2014-10-19 |
| Language | : | English |
DESCRIPTION:
Makes sense? You Are Absolutely New To TradingYou should have a basic understand of charts and how to use them. This book is NOT an introduction into trading. That's why this strategy is called "The Simple Strategy"Clear Exit RulesWhen trading "The Simple Strategy" you'll know when to exit even before you enter the trade. In this book you will learn how to configure your charts, when to enter a trade, where to place your stop loss and when to take profits.This book is not promising trading riches. And either the RSI is above 70 or it isn't. So, you know exactly how much to risk on any given trade which is essential for precise position sizing and money management. However, with "The Simple Strategy" you can take advantage of the small intraday trends that we are seeing in today's markets.You don't need a sophisticated trading softwareIf you want to trade "The Simple Strategy", you only need a charting software with "basic" charting capabilities: Your charting software needs t
An HONEST Review Manchester After reading all of the reviews for this book I was a little hesitant to buy the book. It seems like people either love it or hate it. I guess this is typical for traders right? Since the book was a great price and the positive reviews resonated well with me I decided to give it a try.A little bit of background: I have been trading on and off for 10 years, mainly stocks and ETF. I use MACD and Stochastics to determine my entry points, and th. "Detailed For The Beginner, Powerful Enough For Any Trader" according to Jnairb Johnson. I found this book to be very good, straight to the point, and exciting in the way of making you feel that this is accomplishable. I have read this and Mark's free download book, and I am pleased with the simplicity of detail. Whether you are a beginner day trader as I am or been doing this for some time I think you can benefit from this.The most important thing is that it helped me understand just how how to even create a day trading strategy. Failed Backtests but Some Good Info Inside Paul Felix It's okay. My review is based on numerous backtests of the strategy outlined in this book. I trade stocks on a 5 minute bar. Backtests were conducted using Wealth-Lab Pro on 400+ common stocks on NYSE, NASDAQ, and AMEX exchanges with at least 1MM shares traded daily. I read the book several times and referred to it many times to ensure backtests were coded in a way that matched the author's intent as accurately as possible. However, my tests