Back to Basics... you will always find new things in the Foundation book that you have first read...
For one to be an author of a DUMMIES series, one must have the necessary education, experience and competence in that particuloar field...
I have no doubt that in this author , judging from the content and context of the book...
Here's the nuggets that I have re-discovered :
10 secrets of top technical traders :
(1) Trust the chart
(2) Befriend the Trend
(3) Understand that you make Real Cash when you close
(4) Take responsibility ( dont listen to rumours; make sure the prices has turned up before buying, dfensive trading; no such thing as luck)
(5) Avoid Euphoria and Despair
(6) Concentrate on Making Money , Not Being Right ( use PHD, not 6 sigma!)
(7) Dont turn Winning Trades into Losing
(8) Avoid the temptation to Curve Fit
(9) Know when to Hold and When to Fold
(10) Diversify
And the 10 rules for using Indicators
(1) Listen to Prices
(2) Understand your Indicators
(3) Trade what you See ( if you cant see dont trade; look left for higher time frames )
(4) Use Support and Resistance
(5) Follow the Breakout Principle
(6) Watch the Convergence and Divergence
(7) Backtest the Indicators
(8) Know that Your Indicator will Fail
(9) Agree that No secret Indicator Exists
(10) Use Favourites
There was a Section on Expecting a Positive Result whereby the author gave an example of A, B, C , D setups aith the corresponding 20% chances of being correct ( and should wisely be used to position size accordingly)
A trick to enhance the Positive Expectations :
(1) Entering Gradually ( as the setup signals unfold...A, B, C...)
(2) Exiting at Once
This , she term as ...Efficient Entrance.... Ruthless Exit
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