9780470472750

Winning Edge Trading : Successful and Profitable Short and Long-Term Systems and Strategies

by
  • ISBN13:

    9780470472750

  • ISBN10:

    0470472758

  • Format: Hardcover
  • Copyright: 2009-12-02
  • Publisher: Wiley
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List Price: $60.00

Summary

An innovative and comprehensive approach to profitable trading in these turbulent timesWinning Edge Trading shows how to trade any market for great profits. Using the unique and innovative trading strategies and systems outlined here, you can trade stocks, ETFs, and futures to achieve market-beating returns. Written by system developer Dr. Ned Gandevani, this book provides an antidote to active investors and traders who are frustrated by stagnant and declining markets. Dr. Gandevani shows you how to maximize your profit while minimizing your risk with his innovative and comprehensive approach, and then reveals how to profit from market swings. In addition to providing a simple and easy-to-execute trading system, Dr. Gandevani also explains how you can determine your risk tolerance and choose a compatible system for maximum performance. Details the tools used to trade short or long time frames Explores how the Relative Strength Indicator and Detrended Price Oscillator can help you determine when to enter and exit a trade Discusses psychological issues involved in active trading, including the inability to take a loss, overtrading, trading personality, and system compatibilityWinning Edge Trading contains the information you need to become a successful active investor and trader in today's dynamic markets.

Author Biography

Ned Gandevani, PhD, is a professional trader and developer of the renowned Wining Edge Systems, which is based on chaos theory. He has trained and coached many professional traders for more than a decade and written numerous articles, which have been published in magazines such as Technical Analysis of Stocks and Commodity, Futures, and Stocks, Futures, and Options (SFO). Dr. Gandevani is a member of the American Finance Association (AFA), the Society of Quantitative Analysts (SQA), and an affiliate member of the Market Technician Association (MTA). He teaches graduate-level and MBA courses at Keller Graduate School of Management in Long Island City and Manhattan.

Table of Contents

Prefacep. xiii
Acknowledgmentsp. xvi
The New Trading Paradigmp. 1
The Great Stock Market Meltdownp. 3
Primary Causes of the Current Financial Crisisp. 6
Dealing with the Emotional Tollp. 9
Rescuing Yourself from Financial Disasterp. 10
Transitioning from Investor to Traderp. 12
Introducing the New Trading Paradigmp. 13
Online Tradingp. 14
Flexible and Active Managementp. 15
Exchange-Traded Fundsp. 15
More Choices, Better Trading Opportunitiesp. 17
New Market Conditionsp. 18
Intermarket Analysis Dynamicsp. 22
Fundamental Analysis, Help Me Not!p. 24
Pitfalls of the Old Investing Paradigmp. 27
Buy and Holdp. 27
Invest for the Long Termp. 30
Heavy Reliance on Fundamental Analysisp. 34
Light Portfolio Monitoringp. 34
Asset Selection Based Merely on Asset-Specific Riskp. 34
Time to Take Chargep. 34
Trading Instruments and Marketsp. 37
Understanding the Financial Markets: Common Stocksp. 39
What Are Financial Assets?p. 39
Types of Trading Marketsp. 40
Characteristics of the Common Stocks Marketp. 40
The Exchange-Traded Funds Marketp. 47
Characteristics of ETFsp. 47
Advantages and Disadvantagesp. 50
Sectors and Typesp. 51
Sponsorsp. 55
ETFs: Attractive Trading Instrumentsp. 55
The Futures Market: Financial and Physical Commoditiesp. 57
Characteristics of the Futures Marketsp. 58
Leverage Opportunitiesp. 64
Trading Toolsp. 69
Fundamental Analysisp. 71
What Is Fundamental Analysis?p. 72
Financial Statementsp. 72
Equity Valuation Methodsp. 76
Fundamental Analysis Can't Deliver Timely Informationp. 79
Technical Analysisp. 81
Tools Used for Technical Analysisp. 82
Technical Indicatorsp. 85
Market Retracemen t Levelsp. 100
Fibonacci Retracementsp. 101
The Winning Edge Trading System Market Modelp. 105
The Market as a Systemp. 106
Contraction/Expansion Principlep. 108
Fear Is Stronger Than Greed and Hopep. 109
Habitual Patternsp. 110
Market Trendsp. 111
More Observations About Market Behaviorp. 111
Trend-Line Ordersp. 112
Winning Edge Market Modelp. 113
The Mechanics of the Winning Edge Trading Systemp. 115
Entry Signalsp. 115
Exit Signalsp. 117
The System's Protective Stopsp. 121
The Winning Edge System for Day Tradingp. 125
Day Trading E-Mini S&P Futures Contractsp. 125
Day Trading QQQQp. 131
The Winning Edge System for Intermediate-Term or Swing Tradingp. 135
Swing Trading S&P Futuresp. 135
Long Signals for S&P Futures Contractsp. 136
Short Signals for S&P Futures Contractsp. 139
The Winning Edge System for Long-Term or Position Tradingp. 143
Position-Trading Russell 1000 Index Futuresp. 143
Long Signals for Russell 1000 Futures Contractsp. 144
Short Signals for NASDAQ Futures Contractsp. 147
Short Signals for NASDAQ Futures Contracts with No RSI Confirmationp. 149
Investment Psychologyp. 153
Trading Psychology and Your Trading Personality Profilep. 155
Two Pillars of Successful Tradingp. 155
What Is Personality?p. 159
Why Is Personality Important to Trading Success?p. 160
Personality Theoriesp. 162
Personality Type Theoryp. 165
Personality Traits Theoryp. 166
Nature or Nurture?p. 168
Genotype and Phenotypep. 170
Five-Factor or Big Five Modelp. 173
The Trading Personality Profile Testp. 177
Five-Factor Model of Personalityp. 178
What the TPP Test Reveals About Youp. 185
Trading Personality Profile Sample Testp. 188
TPP or Ocean Score Guidep. 189
Reviewing Your TPP Scorep. 190
The Successful Trader's Blueprintp. 191
Constructing Your Trading Success Blueprintp. 191
Set Smart Trading Goalsp. 197
The Triple-A Formula for Successp. 200
See You at the Top!p. 201
Toxic Assets and Modified Mark-to-Market Valuation Methodp. 203
About Winning Edge Trading Strategiesp. 207
Notesp. 213
Indexp. 217
About the Authorp. 224
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