Mastering Trade Selection and Management: Advanced Strategies for Long-Term Profitability
Mastering Trade Selection and Management: Advanced Strategies for Long-Term Profitability
by Jay Norris, Al Gaskill
English | EPUB | 13.9 MB
by Jay Norris, Al Gaskill
English | EPUB | 13.9 MB
Proven Trading Techniques for Lowering Risk and Increasing ProfitsIn Mastering Trade Selection and Management, market strategist Jay Norris provides proven strategies for generating profits on a consistent basis—under all economic conditions. The secret lies not in predicting the market but rather in carefully managing your trade from beginning to end.Norris gives you step-by-step instructions for selecting a market to trade, and determining which direction to trade the market, what to look for prior to trading, and when to enter and exit a trade. Mastering Trade Selection and Management takes the guesswork out of trading by showing you how to:
- Measure the effects employment, government interest-rate policy, and consumer confidence have on a market
- Determine what levels need to be breached to signal a change of trend
- Implement a monitoring system to gauge when the current trend is holding or changing
- Analyze markets down to an intraday level to identify historical support and resistance levels
- Avoid emotional pitfalls that might lead you to make poor decisions—such as exiting a trade too early or failing to pull the trigger on a trade signal