Survival Guide for Traders · How to Set Up and Organize Your Trading Business (Wiley Trading) by McDowell, Bennett A. -- Read -- Imperial Library of Trantor

Index

Foreword Preface Acknowledgments Disclaimer Introduction: Survival of the Fittest Part I: Survival Basics Chapter 1: It’s a Jungle Out There!

Brawn, Brains, and Technology Technological and Innovation Time Line Don’t Bring a Knife to a Gunfight Right in My Own Backyard

Chapter 2: Managing Your Money Is Serious Business

Trust and Financial Advisers Tips on Selecting a Qualified Financial Adviser So, Who Are You Going to Trust? Creating Your Own Business Plan Will Strengthen Your Ability to Prosper Trade, Invest, and Live within Your Means

Chapter 3: Accountability, Setting Stops, and the Rogue Factor

Traders are the Ultimate Entrepreneurs and Must Be Held Accountable Setting Stop-Loss Exits is Essential The Infamous Rogue Trader Named Nick Leeson Watch the Rogue Trader Movie Insurmountable, Large Losses Usually Start as Small Losses

Chapter 4: What’s Your Net Worth?

Net Worth Statement Creating Your Financial Profile Are You Moving Forward, Falling Backward, or Standing in Place?

Chapter 5: The Life of an Entrepreneur

New Start-Up Businesses have High Failure Rates What does It Take for a New Business to Succeed? Small Businesses are the Backbone of the Economy Reduce Your Expenses and Increase Your Revenue How to Reduce Expenses A Penny Saved is Really One and a Half Pennies Earned It’s all about the Revenue

Chapter 6: Understanding Financial Markets

Buyer and Seller Agree on Price, but they Disagree on Value Buyers and Sellers and the Financial Order Flow Process Types of Orders Using Margin and Leverage The Importance of Liquidity and Volume Zero Liquidity Volatility and Market Gaps How can the Bid and Ask, Spreads, Fills, and Slippage Affect Your Profits? You Can Parallel Test Your Broker and Data Feeds “I Feel the Need for Speed” So Many Markets to Choose from Ticker Symbols at a Glance How to Choose the Best Data Feed for Your Needs How to Choose the Best Broker for Your Needs How to Choose the Best Front-End Platform for Your Needs Manias, Panics, and Crashes

Chapter 7: Adapting to Changing Market Cycles

Four Major Market Cycles It’s all in a Name Using Trend Lines to Identify Market Cycles Using Elliott Wave Analysis to Identify Market Cycles Pitfalls of not Identifying Market Cycles Correctly

Chapter 8: Education and Support

A Few Classic Trading Books Learning Styles Repetition, Repetition, Repetition Paper Trading is an Essential Learning Tool Do it Your Way You can Learn from Your Mistakes and Failures Life Mentors, Professional Mentors, and Trading Coaches

Chapter 9: Writing a Business Plan

Business Plan: Blank Template Front Matter: Title Page, Table of Contents, and Mission Statement 1. Summary 2. Strategy 3. Operations 4. Financials Business Plan Tips

Part II: The Financial Pie Chapter 10: The First Slice

Develop and Test Your System Perseverance is the Holy Grail Failure is not an Option Creating Your Trading Rules Profile A Note about Day Trading versus Position Trading Holding Trades Overnight and Assuming Overnight Risk My Definition of Scalping Sample Trading Rules to Start With Combining Fundamental and Technical Signals in Your Trading Rules Technical Analysis Signals Fundamental Analysis Signals Value Investing in a Bear Market The Importance of Paper Trading Set Up Multiple Brokerage Accounts to Monitor Your Trading Results

Chapter 11: The Second Slice

Technical Scanning Techniques Fundamental Scanning Techniques Opportunity is Always Abundant in the Markets Stocks Options Futures Forex Exchange-Traded Funds

Chapter 12: The Third Slice

What can Money Management do for You? Three Ways to Control Risk Risk Factors to Develop Your Plan Around Stop-Loss Exits can Save the Day Your Survival Depends on Having a Healthy Respect for the Risk of Ruin Optimal f Formula: Information Similar to the Risk of Ruin Tables Comparing Optimal f Equation Results to the Risk of Ruin Tables The 2 Percent Risk Amount Formula Using the Trade Size Formula Trade Size Formula Using Leverage Using the Trade Size Calculator Good Record Keeping and Performance Analysis are Essential Without Risk, There is no Opportunity . . .

Chapter 13: The Fourth Slice

Epilogue Appendix A: Online Bonus—Survival Guide Central Appendix B: ART Basics Appendix C: Resources: Front-End Platforms, Brokers, Data Providers, and More Appendix D: Suggested Reading and Education Appendix E: Market Exchanges Glossary About the Author Index