How to Trade

Alexander Elder Books

David Trading Resources , , , , ,
Mark Douglas Trading in the Zone

  Click on cover for Amazon This book does not seem to be available at The Book Depository.       Click on cover for Amazon Click link below for The Book Depository Book Depository Link   Click on cover for Amazon Click link below for The Book Depository Book Depository Link   Alexander Elder covers topics including traders psychology, market psychology, computerised systems for technical analysis, trading systems and risk management. Dr Elder also runs a web site here. He introduces some trading systems which can make a good starting point for a trader. He also has some codes
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Covered Calls

David Trading for Beginners , , , , ,
Covered Call

My first introduction into trading was by way of covered calls. Covered calls are an income strategy and typically promise a 2% or so return per month. This strategy involves buying a share (or even a CFD) and selling a call against it. Variations of this strategy include buying an option ITM and selling an option OTM at a higher strike both with the same expiry. Covered calls CAN work quite well in a market that is rising or going sideways but can present problems if a market is declining. In addition to buying stock and selling a call, some
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Trading Plan

David Trading for Beginners , ,
get a trading plan to succeed

One of the things that is most indicative of whether or not you will be a successful trader is having a trading plan or not. Having a plan will enable you not trade emotionally but systematically like a machine. A trading plan will answer these questions: How much time do you wish to devote to trading? What returns are you expecting? How much capital do you have to invest? What markets will you trade? How will you deal with a string of (20+) losses? How much will you risk per trade? How will you set your stop-loss orders? What will
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Chris Tate Books

David Trading for Beginners, Trading Resources , , , , , , ,
trading education

Click Cover for Amazon Click link below for The Art of Trading at The Book Depository Book Depository Link     Chris Tate is Louise Bedford’s business partner at The Trading Game. I read this book when I enrolled in the Mentor Program in 2016. This book focuses on Money Management, Psychology of Trading, Risk, Technical Analysis, Preparing a trading plan. Chris has an almost daily blog on The Trading Game website. Chris is big on developing your own trading system that resonates with you and looking at the charts for yourself. Successful traders take the first signal their system
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Stops

David Trading for Beginners , , , , ,
babcock & brown chart atr

Let’s talk about stop losses and how to set them. In a previous article I said that the only thing we have any control over in trading is how much money we are prepared to lose. The way we manage this risk is by using a stop loss. The name says it all – its purpose is to stop your losses at a pre-determined point. You may have heard the expression ‘cut your losses short and let your profits run’. A stop loss is the way we cut our losses short. However it is one of the hardest things psychologically
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