The Market Guys' Five Points for Trading Success: Identify, Pinpoint, Strike, Protect and Act!
Praise for The Market Guys' Five Points for Trading Success
"E*TRADE is a strong advocate of investor education, understanding a knowledgeable investor is a successful investor. The Market Guys have been a key contributor to our worldwide educational efforts - delivering hundreds of seminars to our customers around the world. This book encapsulates their years of experience with traders and investors, and is a must-read for anyone serious about trading. The Market Guys' Five Points for Trading Success provides an easy-to-understand and disciplined approach to trading through risk management. I highly recommend it."
Christopher Larkin, VP, U.S. Retail Brokerage, E*TRADE Securities (www.etrade.com)
"The stock market is full of risk and uncertainty, but can bring great rewards to those who plan and execute properly. Rick and AJ give you the navigational tools to profit in the market through this book. Easy to read and understand, this book will help the novice and expert alike reach their financial goals. I recommend The Market Guys to help you along your journey!"
Astronaut Dr. Buzz Aldrin, Apollo 11, 1969
"The Market Guys' Five Points is much more than five points. Creating a plan, dealing with emotions, trading psychology, and technical analysis are just some of the topics explained."
James Bittman, Senior Instructor, The Options Institute at CBOE, and author of Options for the Stock Investor
"Most people think trading markets is easy, but the process is fraught with pitfalls, snares, and delusions. This book is written by two savvy veteran traders. Applying the wisdom contained here will not guarantee success, but it will very definitely put the odds strongly in your favor."
Martin J. Pring, President of pring.com
"This is a wonderful introduction to terminology and a fresh approach to the stock market. It gives the reader a language and way of thinking that is new, providing a great foundation for further research. These authors are to be commended for an excellent book on the stock market and how it works."
James P. Gills, MD, Director/Chairman of the Board of the Ironman Triathlon
"The Market Guys have created the perfect recipe for financial success."
Nick Nickolas, Restaurateur, Nick's Fishmarket of Hawaii, www.nicksboca.com
What people are saying - Write a review
Review: The Market Guys' Five Points for Trading Success: Identify, Pinpoint, Strike, Protect, and ACT!User Review - Terry Koressel - Goodreads
Well done! The authors are clearly professionals when it comes to active trading. They know their subject matter well. The recommendations and advice are conservative, pragmatic and definitely ... Read full review
Review: The Market Guys' Five Points for Trading Success: Identify, Pinpoint, Strike, Protect, and ACT!User Review - Aaron Cummings - Goodreads
Good stuff. The last chapter is full of priceless wisdom on money general. The gist: learn to invest in the markets well. If you allow your money to blow away in the winds of the market, then you will not be able to do good things with it. Read full review
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Identify the Trend
Trading Is No Longer a Team Sport
Beware the Siren Song of Gurus
Know When to Fold Em
Shucking Right Down to the Cob
Grow with Your Plan
Buy the Rumor Sell the News?
When You Come to a Fork in the Road Take It
JiuJitsu TradingKnowing When to Tap
Identifying the Pivot Point
The Pineapple Principle
Pivot Point Patterns
Bullish Pivot Point Patterns
Bearish Pivot Point Patterns
Avoiding Pain Seeking Pleasure
Piloting Your Trades
Technical Analysis or Tea Leaves?
Using Best Practices
Overcoming Fear and Greed
Filtering Your Emotion
Mind Your Emotions
The Crowd May Be Wrong but Theyre Still the Crowd
Back on Track
Fibonacci Retracement Lines
Moving Average Convergence Divergence MACD
Dont Plow a Field with Your Mercedes
Marrying Your Stock and Finding Trades that Arent There
Failing to Accept a Loss
Doubling Down on a Losing Position
Lack of Training and Preparation
Trading with Scared Money
Buying Cheap Options
Overcomplicating the Analysis
Using Software Crutches
Trading without a Plan
Your Opinion Wont Move a Market
Defining Role Reversal
A Good Plan Gone Bad
Pursuit of the Breakeven Point
The Building Blocks of a Role Reversal Pattern
The Role Reversal from the Short Side
More Traders Drawing the Lines
Trading Fingers of Steel
Small Steps Big Changes
It May Be a Small World but Its a Big Market
Putting the Fun in Fundamentals
Use the Market without Guilt
What Is an Option?
On Expiration Day the Option Must Be Worth atLeastIntrinsic Value
Closing Your Option Prior to Expiration Friday
Lets Talk Volatility
CashSecured Put Selling
The Covered Call
Now You Have Options
Is There Really Such Thing as a Safe Investment?
Id Like to Buy a Vowel
Everyone Should Be Above Average
Five Principles of Risk Management
Risk Management Action Steps
Managing Risk in a Probabilistic World
Always Buys the Low Until It Makes a New Low
Forget Profits Breaking Even Is Her Goal
Holding Back Because of Fear
Follows the Crowd Not the Money
Trades in Seclusion to His Theme Song All by Myself
Hes Trading but Hes Not Weaned
The Couple that Vows to Ignore Any Losing Position
Its Funny Until It Hurts
2 Advice and Support
3 Trading and Investing Products
4 Costs and Fees
6 Order Types
9 Reports and Records
You Are in Control
What Is Your Purpose?
Changing the World One Person at a Time