Super Charge Your Investing Approach for Big Profits

This is a book for Active Investors... who likes to do swing trading, definitely not a Buy-and-Hold book..

I read the book backwards...

And the Fast Track Your Journey section( Chapter 12) held my attention for a while..

In it , the author listed 5 areas :
(1) Hard work : 90% preparation. 10% Action
(2) Concentrate  : your stocks to five
(3) Certain Uncertainty : the stock market exists because people are not sure of the future
(4) Cut Loss/ Profit Run : ( fear ) that the market will fall ; ( hope ) that the market will rise
(5) Trail Profit : 7% from the top

In trading, the author uses the VSA ( Volume Spread Analysis) as his main tools... with 4 distinct market phases : Accumulation, Mark-up, Distribution, Mark-down. His view on the lack of selling pressure that is the main reason why stocks go up in price explains why syndicated stocks are being accumulated by players for a long time without volume.

Whilst on valuation, he recommend PE ratios or the E/P ratio which he then compares against the current FD rates.;

 On spotting the market strengths, he has 4 categories :
(1) Selling climax ( bag holding )
(2) Testing
(3) Stopping volume
(4) Shakeout

 Conversely, on market weakness, he has :
(1) Buying climax
(2) Up thrust
(3) No demand Up bar

His DEEP PRACTICE is basically a mental visualisation technique that he uses before he trades ...

In the early part of the book , he discusses the difference between Technical Analysis and Fundamental Analysis and that a combined approach usinf both methods can bring about better results than relying solely on one technique.

His search engine is Metastock.

Swing traders, active investors in the stock market.... this book is written for you!

Who Moved My Cheese?

" Everything flows, nothing stands still "

 --- Plato

The only constant is change. So, how are you gonna deal with it?

21 million copies has been sold...hence 21 million mice cannot be wrong!

So how do you react to the writing on the wall?

(1) Change Happens

(2) Anticipate Change

(3) Monitor Change

(4)Adapt to Change Quickly

(5) Change

(6) Enjoy change

(7) Be ready to change Quickly and Enjoy It Again and Again...

If you marry someone and hope to change him/her...it is better and easier to change yourself!

Better Trading

If you are trading for a living, this is an add-on book you should have. From the author of the Guppy Multiple Moving Averages, there's always new things that you can learn in any of the books he published.

Today, I learned about :

(1) Equity Curves You need to chart your Trading equity on a graph to "see" the trading performance visually. Many traders miss this point. They use MAs but failed to chart a moving Average for themselves. Drawdowns can be detected immediately when you see your own graphs.

 (2) State of Markets Young, Robust or matured?... Obviously you should catch the trend as early as possible but some traders prefer to catch only the middle third of the trend ie the robust part. A rule of thumb is to catch Longs from a % bounce from the bottom , say 10% or 20%. Technical recession is 20% from the top, so we should also do the same.

 (3) Flinch points The flinch curve is a very unique way of profiling the trader's response to stop loss.

He starts with :

 (A) Performance profiling : comparing various trading strategies eg buy and hold vs managed trading

 (B) Protect capital : his "flinch curve" is very enlightening

(C) Protect Profits : his "Grow-Up Strategy" is worth looking at

 (D) Protect Portfolios : do the "swiss roll "

 Allocate 1 month for this book. You will be lucky is you can go through the heavy stuff at one Part per week.

Be Your Own Boss

Anybody who is disillusioned about the JOB as an lifetime income source will find a legion of pathfinders before them. Gobala Krishnan of the Internet fame, Yeo Keong Hee of "Secrets to Forex Millionaires" are a few examples. Barefootexecutive above is the latest that I read about.

Their WHY's usually start with disenchantment with society's norms : get good grades, get good job , work 30 years , retire on half your income. Sounds like what Robert Kiyosaki said...you bet! I believe the ratio of converts has turned more than 90/10  now....  more than 10% are gearing towards " Minding Their Own Business"... I am one of the aspiring one too... Maybe one day, I will also write a book and gladly declare that  I am the new 1% to join the 10%!

Carrie uses a lot of easy to remember acronyms : her M & M's.

(A) MYTHS : (1) Job Security
                        (2) Why you must Own your own Business ( " MIND YOUR OWN BUSINESS"... one of the 6 rules in Rich Dad, Poor Dad )



(B ) MISTAKES (1) Do not chase Other People's Dreams
                            (2) Chasing Too Many Rabbits
                            (3) Chasing Dollars

(C) METHODS (1) Mindset
                           (2) Massive action
                           (3) MasterMinding
                           (4) Mentor
                           ( 5) Mining Research

(D) MODELS  (1) Service Based
                         (2) Expertise
                         (3) Knowledge
                         (4) Goods
                         (5) Referrals
                         (6) Multiple Streams of Income

(E)  MARKET PLACE  (1) WHO WANTS WANT you have?
                                        (2)  Ideas to income
                                       (3)  WHERE will they find you?
                                       (4) Building Audience
                                       (5) WHERE will you find THEM?

Making the most impact on me?

" Quit worrying about somebody taking your idea or taking your intellectual property.You know what? Take my intellectual property. I can make more"
                       - pg 129 to 130

How much cooler can you get?

Go to barefootexecutivevideos.com for more info