High Probability Trading
"The Goal Is to Teach All Traders to Think with the Mindset of a Successful Trader..."
While successful trading requires tremendous skill and knowledge, it begins and ends with mindset. What do exceptional traders think when they purchase a quality stock and the price immediately plummets? How do they keep one bad trade from destroying their confidence--and bankroll? What do they know that the rest of us don't?
"Some trades are not worth the risk and should never be done."
High Probability Trading shows you how to trade only when the odds are in your favor. From descriptions of the software and equipment an exceptional trader needs to high probability signals that either a top or bottom has been reached, it is today's most complete guidebook to thinking like an exceptional trader--every day, on every trade.
"It's not how good you are at one individual thing, but it's the culmination of every aspect of trading that makes one successful."
Before he became a successful trader, Marcel Link spent years wading from one system to the next, using trial and error to figure out what worked, what didn't, and why. In High Probability Trading, Link reveals the steps he took to become a consistent, patient, and winning trader--by learning what to watch for, what to watch out for, and what to do to make each trade a high probability trade.
"Why do a select few traders repeatedly make money while the masses lose? What do bad traders do that good traders avoid, and what do winning traders do that is different? Throughout this book I will detail how successful traders behave differently and consistently make money by making high probability trades and avoiding common pitfalls..."--From the preface
Within 6 months of beginning their careers full of promise and hope, most traders are literally out of money and out of trading. High Probability Trading reduces the likelihood that you will have to pay this "traders' tuition," by detailing a market-proven program for weathering those first few months and becoming a profitable trader from the beginning.
Publisher: McGraw-Hill Professional
Publish date: 2003-04-01
Newbie Must Read Book
Required reading, IMHO
shortcomings as a trader.
An easy to read book, well written and full of useful information.
One of the most important things Link does is to show us the path to the Holy Grail in trading. However, as I have seen elsewhere in this site, be advised that some effort is required!
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