Trading Rules that Work: The 28 Lessons Every Trader Must Master (Hardcover)

Trading Rules that Work introduces you to twenty-eight essential rules that can be shaped to fit any trading approach—whether you’re dealing in stocks, commodities, or currencies. Engaging and informative, Trading Rules that Work outlines the deeper psychology behind each of these accepted trading rules and provides you with a better understanding of how to make those rules work for you.

"Trading Rules that Work" introduces you to twenty-eight essential rules that can be shaped to fit any trading approach--whether you're dealing in stocks, commodities, or currencies. Engaging and informative, "Trading Rules that Work" outlines the deeper psychology behind each of these accepted trading rules and provides you with a better understanding of how to make those rules work for you.
Hardcover: 208 pages
Publisher: Wiley (November 3, 2006)
Language: English
ISBN-10: 0471792160
ISBN-13: 978-0471792161
Product Dimensions: 9.1 x 6 x 1 inches
Shipping Weight: 13.6 ounces

 
Trading Rules that Work: The 28 Essential Lessons Every Trader Must Master
- Acknowledgments Page#
- Introductionxi
Part I - Getting in the Game
   Know Your Game3
   Have a Trading Plan9
   Think in Terms of Probabilities15
   Know Your Time Frame23
Part II - Cutting-Losses
   Define Your Risk31
   Always Place a Protective Stop37
   Your First Loss Is Your Best Loss43
   Never Add to a Loser47
   Don't Overtrade51
Part III - Letting Profits Run
   Keep Good Records and Review Them59
   Add to Your Winners65
   Use Multiple Time Frames71
   Know Your Profit Objective77
   Don't Second-Guess Your Winners83
Part IV - Trader Maxims
   Know the Limits of Your Analysis91
   Trade with the Trend97
   Use Effective Money Management105
   Know Your Ratios111
   Know When to Take a Break117
   Don't Trade the News123
   Don't Take Tips129
   Withdraw Equity Regularly133
   Be a Contrarian137
   All Markets Are Bearish143
   Buy/Sell 50% Retracements149
   The Only Indicator You Need155
   Study Winning Traders161
   Be a Student of Yourself167
- Conclusion173
- Recommended Reading179
- About the Author183
- Index185