Jody Samuels

The Trader's Pendulum

The 10 Habits of Highly Successful Traders

• Broschiertes Buch

Produktbeschreibung

The purpose of this book is to help new as well as experienced traders design and implement a successful trading strategy and philosophy through psychological education. Armed with a tried and true trading business roadmap, the reader will learn how to successful design a "trading paradigm." The Ten Habits of Successful Traders are real-life emotional-psychological scenarios that the chaos of the markets can throw at traders. Indeed, most of us humans beings are averse to change and risk, but becoming a successful trader is all about learning how to embrace change and risk and how to use it to our benefit.

Two habits include Following a System and Planning a System. She used her Elliott Wave and Harmonics expertise to bring a top down approach to the market to help traders minimize their poor choices.

This book is specifically about two traders, Frustrated Fred and Successful Sue. Frustrated Fred rides the Trader's Pendulum between fear and greed as a technical junkie who has fallen into the typical trader's trap. Successful Sue used to be a technical junkie but has transformed herself into a successful entrepreneurial trader. The book is based on cultivating 10 Habits that, if followed, save traders time and effort, help them make more money, and encourage them to achieve their full potential as traders. The transformation to a successful entrepreneurial trader is about developing good habits and treating trading like a business.

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Produktdetails

• Wiley Trading Series
• Verlag: Wiley & Sons
• 1. Auflage
• Seitenzahl: 320
• Erscheinungstermin: September 2015
• Englisch
• Abmessung: 233mm x 187mm x 20mm
• Gewicht: 535g
• ISBN-13: 9781118995570
• ISBN-10: 1118995570
• Artikelnr.: 42057771

Autorenporträt

Jody Samuels is one of North America's leading coaches for successful traders, and the creator of The FX Trader's EDGE Coaching Program modeled after the "10 Habits of Successful Traders."

Inhaltsangabe

Foreword ix
Acknowledgements xi
About the Author xiii
Prologue: A Day in the Life of a Successful Trader xv
Part I Introduction 1
Introduction: Riding the Trader's Pendulum 3
Chapter 1 The Successful Trader versus the Average Trader 9
Chapter 2 The Technical Trader's Trap 17
Chapter 3 Becoming an Entrepreneurial Trader-The Process 25
Pendulum Scenario 3.1: Fear versus Greed 31
Part II Out of Hobby into Business Mode 37
Chapter 4 Habit #1: Establish a Trading Business for the Right Reasons 39
Pendulum Scenario 4.1: Get Rich Quick or Go Broke Quick 45
Pendulum Scenario 4.2: Realistic versus Unrealistic Trader 47
Chapter 5 Habit #2: Complete a Trader's Business Plan 51
Pendulum Scenario 5.1: Clarity versus Muddled Thinking 58
Pendulum Scenario 5.2: Forgiving versus Angry Trader 61
Pendulum Scenario 5.3: Courage versus Conformity 63
Chapter 6 Habit #3: Define Your Goals 67
Pendulum Scenario 6.1: Taking Action versus Feeling Remorse 77
Pendulum Scenario 6.2: Enthusiastic versus Apathetic Trader 80
Part III Becoming an Entrepreneurial Trader 83
Chapter 7 Habit #4: Commit to Your Education with a Trading Coach 85
Pendulum Scenario 7.1: Foresight versus Hindsight 91
Pendulum Scenario 7.2: The Lucky versus Unlucky Trader 97
Pendulum Scenario 7.3: Calm versus Nervous Trader 101
Chapter 8 Habit #5: Understand and Exploit Your Unique Trading Personality
107
Pendulum Scenario 8.1: Self-Doubting versus Overconfidence 121
Pendulum Scenario 8.2: Cautious versus Reckless Trading 123
Chapter 9 Habit #6: Follow a System 127
Pendulum Scenario 9.1: Optimistic versus Pessimistic Trader 135
Pendulum Scenario 9.2: Flexible versus Stubborn Trader 138
Pendulum Scenario 9.3: Accepting versus Willful 140
Chapter 10 Habit #7: Plan the Trade and Trade the Plan 145
Pendulum Scenario 10.1: Pragmatic versus Idealistic Trader 162
Pendulum Scenario 10.2: Pulling the Trigger versus Having Regrets 165
Pendulum Scenario 10.3: Conservative versus Impulsive Trader 168
Part IV The Transformed Trader 171
Chapter 11 Habit #8: Measure Your Performance 173
Pendulum Scenario 11.1: Organized versus Disorganized Trader 183
Pendulum Scenario 11.2: Proactive versus Reactive Trader 186
Chapter 12 Habit #9: Learn the Secrets of Successful Traders 191
Pendulum Scenario 12.1: I Can versus I Can't 199
Pendulum Scenario 12.2: Patient versus Impatient Trader 202
Chapter 13 Habit #10: Add Balance to Your Life 207
Pendulum Scenario 13.1: Relaxed versus Stressed Trader 214
Pendulum Scenario 13.2: Clear-headed versus Sorrowful Trader 217
Pendulum Scenario 13.3: Good Mood versus Bad Mood Trading 219
Chapter 14 The ''10 Habits'' Checklist 223
Part V The Trader's Tools 233
Chapter 15 Analysis Toolbox-Your First Mentoring Session 235
Chapter 16 Sample Trading System-Your BONUS Mentoring Session 249
Resources 269
Bibliography 273
About the Companion Website 275
Index 277