Tensile Trading - The 10 Essential Stages of Stock Market Mastery

Informationen zum Autor GATIS N. ROZE is a veteran stock market investor who has traded his own account full-time since 1989, unburdened by the distraction of clients. He holds an MBA from the Stanford Graduate School of Business, is a Chartered Market Technician (CMT), and is a past president of the Technical Securities Analysts Association (TSAA). After a successful entrepreneurial career, he retired in his early 40s to focus on investing. With consistent success as a stock trader, he began teaching investments at the post-college level in 2000 and continues to do so today. A renowned communicator, he has taught thousands of investors in sold-out seminars for the AAII, the MTA, and more. His weekly investment blog, The Traders Journal , is read by a global audience. GRAYSON D. ROZE has worked in the financial services industry for StockCharts.com since 2012. He now serves as a Business Manager at the company. He holds a Bachelor's degree from Swarthmore College, where he studied economics and psychology. At a young age, he began pursuing his interest in the financial markets by attending investment classes and starting to trade under the guidance of his father. At the age of 18, Grayson began investing his own account and has since become an accomplished trader in his own right. Tensile Trading was his vision as a vehicle to lay out his father's investment wisdom and convey it to a wider audience. Klappentext A detailed 10-stage roadmap for investors to achieve stock market mastery with their own consistently profitable, high-probability investment systemTensile Trading provides a complete, step-by-step roadmap for investors of all levels, and coaches them on how best to organize the routines and strategies necessary to identify the market's strongest trading opportunities. History is proof that true mastery of the market begins with basic money management protocols, asset protection policies, and organized analysis techniques. With these crucial foundations in place, you can embrace a proven investment methodology, execute an effective trading plan, and develop a reliable system for profitable investing. Consistent, long-run investing success is a result of well-defined goals, carefully-constructed routines and an accurate understanding of the psychological challenges that all investors face.* Set yourself up for success by implementing prudent money management and asset protection strategies* Build a personalized Asset Allocation Profile--your own personalized investment methodology* Construct a properly diversified portfolio using tools and techniques tailored for the modern market* Learn to take control of your "Investor Self," limiting the impact of mental hurdles and emotional baggage* Supercharge your financial analysis by employing proven routines and strategiesA clear and proven approach easily tailored to fit your specific investing style, Tensile Trading distills the vastness of the financial markets into ten essential stages. It is designed to provide a comprehensive structure to your financial management efforts--helping you make smarter investment decisions, trade more efficiently, and consistently earn greater returns. Zusammenfassung A detailed 10-stage roadmap for investors to achieve stock market mastery with their own consistently profitable! high-probability investment systemTensile Trading provides a complete! step-by-step roadmap for investors of all levels! and coaches them on how best to organize the routines and strategies necessary to identify the market's strongest trading opportunities. History is proof that true mastery of the market begins with basic money management protocols! asset protection policies! and organized analysis techniques. With these crucial foundations in place! you can embrace a proven investment methodology! execute an effective trading plan! and develop a reliable system for profitable investing. C...

List of contents

Preface xi
 
Acknowledgments xvii
 
About the Authors xxi
 
Stage 1 Money Management 1
 
Crafting Your Money Management Plan 5
 
Becoming a Successful Investor 9
 
The Importance of Asset Allocation 11
 
Constructing Your Personal Asset Allocation Profile 15
 
X-Ray Magic 24
 
Allocation Maintenance 24
 
Stage 2 The Business of Investing 29
 
Ten Invaluable Investing Lessons 29
 
Staying Committed on the Road 36
 
The Investor's Quad 36
 
Stage 3 The Investor Self 39
 
The Five Levels of Investor Growth 40
 
Investor Weaknesses 42
 
Learn from the Professionals 46
 
Your Daily Journal 47
 
Stage 4 Market Analysis 53
 
Permission to Buy 54
 
Telescope-to-Microscope Approach 55
 
Charting Indicators 56
 
Organizing Your Analysis 60
 
Common Misunderstandings 62
 
The Market Stages and Technical Analysis 64
 
Fundamentals Checklist for Stocks 67
 
Fifty versus Fifty 68
 
Stage 5 Routines 71
 
Choosing Your Time Frame 72
 
From Salesmen to Stock Traders 74
 
Personal Peak Performance 75
 
Daily, Weekly, Monthly, Annually 76
 
A Day in the Life 79
 
Stage 6 Stalking Your Trade 87
 
Where to Look 88
 
What to Look For 88
 
How to Look 89
 
When to Look 89
 
Filters 91
 
Human Nature and Overhead Supply 96
 
Second-Opinion Resources 98
 
The Sisters Strategy Revisited 98
 
Mimic Wall Street's Masters 99
 
The Base-Hit Investor 101
 
Stage 7 Buying 103
 
BATTLE V Methodology 106
 
Pyramid Trading 106
 
The Language of the Market 108
 
Buy Routines 109
 
Considering Alternatives 111
 
Perfection Paralysis 111
 
Commission-Free Mind-Set 112
 
Invest Like You Drive 113
 
It's All about Stress Control 114
 
Stage 8 Monitoring 117
 
You Bought It--Now What? 118
 
Revisiting the Investor Self 119
 
Market Monitoring 120
 
Adjusting Stops 121
 
Tools, Routines, and Charts 123
 
Fundamentals 126
 
Allocation Updates 127
 
What Is Your Motivation? 129
 
Stage 9 Selling 131
 
Sell on Technicals, Not Fundamentals 133
 
The Art of Selling 135
 
Developing Your Selling System 138
 
Mutual Fund Sell Signals 146
 
Selling with the Sisters 148
 
Sell-Side Pyramid Trading 149
 
The Endowment Effect 149
 
The Investor's Trail 150
 
Stage 10 Revisit, Retune, Refine 153
 
Cleanse and Move Forward 154
 
Personal Data Mining 164
 
The Investor's Big Three 165
 
Thoughts on Transformation 167
 
About the Website 171
 
Index 173

Product details

• Authors: Gatis Roze, Gatis N Roze, Gatis N. Roze, Gatis N. Roze Roze, Gn Roze, Grayson D Roze, Grayson D. Roze, Roze Gatis N., Roze Grayson D.
• Publisher: Wiley, John and Sons Ltd
• Languages: English
• Product format: Hardback
• Released: 17.06.2016
• EAN: 9781119224334
• ISBN: 978-1-119-22433-4
• No. of pages: 208
• Series: Wiley Trading Series; Wiley Trading; Wiley Trading Series
• Subjects: Social sciences, law, business > Business > Business administration; trading, Börsenhandel, Finance & Investments, Finanz- u. Anlagewesen