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.

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 CompanionWebsite 275 Index 277