The ART of Trading
John Wiley & Sons Inc
978-0-470-18772-2 (ISBN)
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As a trading coach and financial advisor, Bennett McDowell has used his own proprietary trading system––Applied Reality Trading or ART to enhance the performance of his clients′ portfolios.
An expert in the field of finance reveals his proven trading system
As a trading coach and financial advisor, Bennett McDowell has used his own proprietary trading system--Applied Reality Trading or ART to enhance the performance of his clients' portfolios. Now McDowell outlines the unique benefits of his system and makes the case for trading the reality--not the fantasy--of financial markets. Readers will discover the importance of simplicity in a trading approach; how to develop "The Trader's Mindset;" how to use ART(r) technical analysis software; and much more. The ART of Trading will enlighten readers in how to use reality to enrich both their financial portfolio and their own financial psychology.
BENNETT A. MCDOWELL is the founder of TradersCoach.com® and an expert in both technical analysis and complex trading platforms. As a financial advisor and broker, McDowell used his own proprietary trading system to serve a community of high-net-worth clients. This system later became known as Applied Reality Trading® or ART, and today is used by traders and investors in more than forty countries around the world. McDowell lectures frequently and writes articles for many leading trading publications, including Technical Analysis of Stocks & Commodities magazine. He is a recognized leader in trading education and is honored to be a member of the eSignal "Trading with the Masters" team.
Foreword ix
Preface xi
Acknowledgments xiii
Diclaimer xv
Introduction xvii
PART I Reality 1
CHAPTER 1 It’s All About Reality 3
CHAPTER 2 The Reality of Price and Volume 7
CHAPTER 3 Managing Risk: Always Set a Stop-Loss Exit 13
CHAPTER 4 If It Sounds Too Good to Be True . . . 19
CHAPTER 5 Personal Methods to Increase Trading Success 23
CHAPTER 6 Identify Your Personal ART Profile 27
PART II Art 39
CHAPTER 7 Design Your Business Plan 41
CHAPTER 8 Selecting a Financial Market 47
CHAPTER 9 Selecting a Time Frame 55
CHAPTER 10 Selecting an ART Platform, Broker, and Data Feed 59
CHAPTER 11 Psychology and the Trader’s Mind-Set 63
CHAPTER 12 Artistic Simplicity 67
CHAPTER 13 The Art of Paper-Trading 71
PART III Science and Math 75
CHAPTER 14 Calculating Proper Trade Size 77
CHAPTER 15 Other Formulas and Recipes 83
CHAPTER 16 The Human Brain 87
PART IV ART System Basics 91
CHAPTER 17 ART Is the Total Solution 93
CHAPTER 18 Pyramid Trading Points (P and MP) 97
CHAPTER 19 Market Truths: Price Bars and Volume 115
CHAPTER 20 ART Reversal Bar Signals (1B and 2B) 121
CHAPTER 21 Trend-Trading Rules 135
CHAPTER 22 Countertrend-Trading Rules 141
CHAPTER 23 Scalping Rules 147
PART V Advanced Techniques 155
CHAPTER 24 When to Use Advanced Techniques 157
CHAPTER 25 Scaling Out and Scaling In 161
CHAPTER 26 How to Trade Bracketed Markets 167
CHAPTER 27 Software Optimization and Average True Range (ATR) 179
CHAPTER 28 Stop and Reverse (SAR) 183
CHAPTER 29 Higher-Time-Frame Filter 187
CHAPTER 30 Other Filter Techniques 205
CHAPTER 31 Elliott Wave—Ungrounded Assessment 215
CHAPTER 32 Other Ungrounded Assessments 223
Epilogue 231
About the DVD 233
APPENDIX A ART Software Quick-Start 237
APPENDIX B ART Tips 241
APPENDIX C ART Software Technical Support 243
APPENDIX D Resources 247
Glossary 263
About the Author 285
Index 287
| Erscheint lt. Verlag | 23.5.2008 |
|---|---|
| Reihe/Serie | Wiley Trading Series |
| Vorwort | Lawrence G. McMillan |
| Zusatzinfo | Charts: 86 B&W, 0 Color; Tables: 7 B&W, 0 Color |
| Verlagsort | New York |
| Sprache | englisch |
| Maße | 160 x 239 mm |
| Gewicht | 562 g |
| Themenwelt | Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung |
| ISBN-10 | 0-470-18772-7 / 0470187727 |
| ISBN-13 | 978-0-470-18772-2 / 9780470187722 |
| Zustand | Neuware |
| Informationen gemäß Produktsicherheitsverordnung (GPSR) | |
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