Posts tagged “Risk”.

7 Secrets To Make $1,000 Per Week Trading Options

Free Video Reveals #1 Secret Way To Make $1,000 per Week with Options


  • Limit your risk, but not your gains.
  • Make money whichever way the market goes.
  • Insure your stock portfolio almost for free, no, I don’t mean buy puts on the S&P.
  • You can express your market opinion more accurately with options
  • Bring money into your account every month, no, not just writing covered calls.
  • Use what the market is telling you to shape your strategy, only 1% of traders know about this.

You will get the CD sent to you in the mail. But the more important benefit is belonging to the Options Training Membership site free for 14 days. You can sample the videos for the first two weeks of training free and then decide whether to continue or not.

Options are complicated and it takes some time to understand them so they are not dangerous to your account.

Trading Without Gambling Develop a Game Plan for Ultimate Trading Success Wiley Trading

Trading Without Gambling Develop a Game Plan for Ultimate Trading Success Wiley Trading




Many people perceive trading as nothing more than a gamble. But there are still people who consistently make money trading. How do they do it? They’ve learned to separate gambling from trading. And the way they do this, says author Marcel Link, is by developing a proper plan. In Trading Without Gambling, Link shows how to create and use a sound game plan to improve every aspect of trading–including finding trades, timing, knowing how much to trade, where to exit, and how to adjust risk–while leaving very little to gambling.

User Ratings and Reviews

5 Stars Highly recommended book!
This book is as good as Mr. Link’s first one but even more entertaining. It’s very insightful on how the mind of a trader works. Very easy read and I highly recommend it if you’re serious about improving your skills as a trader.

5 Stars One of the Two Best Trading Books Ever
Okay so I may be bit biased as I wrote the book, but I believe this to be a fun to read, pretty damm helpful book and as good as my first book, High Probability Trading. It should help any trader, from beginner to pro and at the very least make you laugh. After writing High Probability Trading I thought I had nothing else to write about trading. But what I did with Trading Without Gambling was take the concept of how to improve your trading by carefully planning out everything you do as well as and making scenarios for all possibilities to improve your odds of making money. For example I never predicted the market collapse of late 2008 (but as I was writing the book in mid 2008 I did showed how it was a scenario that could happen and technically why it could. With this kind of information traders could have made or saved a lot money and this is what this book is about. It is about how to find those great trading opportunities while avoiding the poor ones, which in the long run is what will make you money. There are no difficult formulas or Midas touch strategies, it is just about how to be prepared for what the market has to offer. Many, Many people helped make High Probability Trading a classic, and I thank you, I hope this one turns out like that one as well

Marcel

2 Stars Complete Babel
After reading Mr. Links first book High Probability Trading I had high hopes for this book. I was very disappointed to say the least. What we have here is 270 pages of repeated advice. At times I felt like this book was written by some illiterate author who just started writing. Topics and ideas are all over the place, something that he mentions in chapter 3 is seen in chapter 5 then 8. The author himself admits that he’s being repetitive, I have no idea how this book was published as is. I’ll save you guys some money and tell you the central theme around this book is to Trade with a plan, but this is not the book to help you come up with a trading plan it simply tells you what the required steps are. Something which could have been done in 3 chapters but instead is repeated over and over to make a book.

5 Stars Puts the odds in your favor when trading
This book is in the top eight out of the over one hundred stock trading books I have read. It presents one of the most important principles of successful trading: DO NOT GAMBLE, ONLY TAKE TRADES WITH A HIGH PROBABILITY OF MAKING MONEY. Author Marcel Link covers in great detail all the areas that a stock trader needs for success in the markets.

First he explains the importance of having a detailed trading plan:

1. Entering a trade

2. Exiting a trade

3. Stop placement

4. Position sizing

5. Money management parameters

6. What to trade

7. Trading time frames

8. Back testing

9. Performance review

10. Risk vs. Reward

In two areas of the book he writes about how even though great traders have a huge amount of differences about them they all share one common trait:Discipline. Whatever your trading style you must have the discipline to follow your trading plan by taking your wins while they are there, cutting your losses when it is time, and never trade to large a position and risk to much of your capital.

He touches on some of the key aspects of trading strategies, but his main point is whether you trade based on technical indicators or fundamentals you must trade a proven system that has been back tested and once you make your system rules, follow them.

The author advises focusing on one market and really know how your market or specific stock trades. He believes you can really hurt your performance watching commodities, futures, bonds, or to many individual stocks, and having to many positions on at the same time. I agree.

You will receive advice to keep the right perspective and always ask yourself “If I did not have this position on would I buy now”? Try to look over your own shoulder while in a trade and give yourself advice like you are trying to advise a friend’s trading.

I really liked how Mr. Link said that you should avoid over trading and you should not always either be long or short a stock, that no position was a position in itself. (I had to follow this “no position” mantra in my major account in 2008 being unable to get a feel for any trend or support and resistance levels and saved myself from huge losses).

The author shares his personal trading rules, key principles for successful trading, favorite books and magazines. This book is a treasure test of information and advice from a real 20 year veteran trader who has done very well for himself and is sharing his knowledge with us. This is not a gamble, buy the book and use its principles and you will win in trading.

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Come Into My Trading Room A Complete Guide to Trading

Come Into My Trading Room A Complete Guide to Trading




Come Into My Trading Room
A Complete Guide to Trading

You can become a successful trader. It has been done before, and it is being done right now, today, by people around the world. If you enjoy learning, if you are not scared of risk, if the rewards appeal to you, and if you are prepared to put in the work, you have a great project ahead of you.

In Come Into My Trading Room: A Complete Guide to Trading, Dr. Alexander Elder takes you far beyond the three M’s (Mind, Method, Money) of his international bestseller Trading for a Living. He teaches you to manage your money and time, as well as strategy, so that you can enter the markets with confidence and exit with profits. This essential book educates the novice and gives more power to the professional through expert advice, proven trading methods, and something entirely unique–a visit to Dr. Elder’s own trading room. You get to follow him through several actual trades, whose entries and exits illustrate many of the key concepts of this book.

Come Into My Trading Room offers:

  • A complete introduction to trading essentials
  • An overview of trading psychology, both individual and mass psychology of the markets
  • A practical overview of technical analysis, including new indicators and systems
  • A step-by-step guide to risk control and money management
  • Exact instructions for keeping records and organizing your time
  • A visit to Dr. Elder’s private trading room, reviewing several of his recent trades

Be sure to work through the companion volume to this book–Study Guide for Come Into My Trading Room–before you risk a dollar in the markets. The Study Guide features 100 questions and answers and almost 50 charts to test your knowledge. Grade yourself to make sure you know enough about the nine key areas of trading. Work through eight case histories, select entry and exit points, and find out how well you understand what needs to be done in every trade. Use Dr. Elder’s Study Guide to make sure that you can measure up to your competitors and surpass them.

Come Into My Trading Room will help you master a new way of trading stocks, futures, options, and currencies. Unparalleled depth and a wide range of coverage give you the best chance to become the trader you’ve always wanted to be.

User Ratings and Reviews

5 Stars Great book
I think that it is very difficult to give the right information for such a matter, but dr. Elder has succeeded in saying the right thinks in the right way, even to a person like me that is almost a beginner in the trading affair. Really great.

5 Stars If you want to learn trading, learn from the best!
I have read many, many books about investing, and Dr Elder is by far one of the most experienced and knowledgable traders I have had the good fortune to find. He has also been an effective and proven educator over a great many years. His insights have personally helped me to become a highly profitable trader, and I wish I had found his books much sooner! I would highly recommend this book and his other one “Trading for a Living” to anyone who is serious about wanting to learn how to trade well.

If you are willing to take the steps outlined in this book; to make the necessary efforts to keep a trade journal, equity spreadsheet, to always use a stop loss, etc, you will have a much higher probability for success when making trades in the markets. I am vouching for this book’s benefits based on my own results from continually studying it; full of great info! This book is definitely on my top list of most beneficial investment books I own, and I highly recommend it to anyone who is looking to improve their trading skills.

5 Stars Review from a professional Forex trader
Simply the finest book on trading I have read to date. I credit this book with being a large part of why I went from consistently losing on trades, to consistently making profits. I think that traders in any market would benefit from this book, and if you don’t learn valuable lessons from this book you simply aren’t trying. The sections on triple screen trading are worth the price of admission alone. I’ve read a lot of lousy trading books, so I though it was worth posting my very first review for the best.

5 Stars Timeless Investment Wisdom
In his book, “Come Into My Trading Room” Dr. Elder shares the intimate details of his personal trading systems and custom indicators. Together, his system provides the basis for the individual investor to develop his/her own approach to trading…Worth reading and re-reading many times. Also, see the resources at his website, especially the DVD’s from his trading camps. I am much closer to trading for a living because of Dr. Elder’s generous contributions to the understanding of these concepts.

5 Stars Excellent book!
I read Trading for a Living a few years ago and was amazed by the author’s insight into the trader’s mind. In this book I did find some common material but it served more as a refresher than a repeat. There is a lot more new information (SafeZone stops, money management, other markets etc) This book works great for both long term as well as short term traders. Knowledge is everything and learning from mistakes is priceless. Truly an amazing book and I can imagine a lot of traders reading it and feeling it was written for them. Also, the author recommends not blindly following his examples but learning from them and fine tuning the indicators to suit our needs. All in all, a great book!

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