The Nature of Trends: Strategies and Concepts for Successful Investing and TradingISBN: 978-0-470-82235-7
Hardcover
220 pages
January 2008
Other Available Formats: E-book
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Today's market participants have a myriad of tools at their
disposal. Yet the success rate is that of old - 80% to 90% of
traders fail to achieve their financial goals. This book shows
traders how to get their investment act together. It covers in
detail the three requirements needed for success: Winning
psychology, effective money management and a written trading plan
with an edge.
- The Nature of Trends also provides unique tools (for example the MIDAS tool) that provide low risk trade entry by telling the trader the level at which an entry may be safely effected
- Finally, the book provides the "Rule of 3" to manage a trade. These rules allow the trader to take profits and hold on for long-term profits without increasing risk.