Market Stalkers: Price Action Trading (Paperback) (ISBN-13: 9781519492456)

When I first started dabbling in day trading sometime in 2007, I remember putting $500 into a live trading account and placing a random trade based on a 'feel'.Over the next few days the price went up and I made $4,000. "This is easy" I thought to myself. But over the following days, I watched the $4,000 slowly bleed down to $0. In the coming months, I tried placing more trades on a whim by watching Bloomberg TV. I had no concept of a stop loss or any sort of risk management. "This is impossible" was my next thought. I didn't have a clue what I was doing. Luckily I'm one of those people who never backs away from a challenge. I am also a highly analytical person who sees the challenges presented to me as an opportunity for growth. Over the next 6 years, I clocked many thousands of hours in front of the charts and my journals, learning professional analysis concepts of price and volume. After even more thousands of hours of practice, I was finally good enough to get a job as a proprietary trader. Since then I carved out a successful career in prop trading. These days I am in charge of my own companies - I am the one providing others with trading capital and/or education. Most people start off the same way I did - by placing random trades. Sadly most of them get slaughtered on the first try, blowing their savings and ending their journey before it even had a chance to learn from the experience. This notion that investing and trading is easy money suitable for everyone out there is frequently perpetuated by shrewd salesmen who have never held down a job in trading in their lives. I have been on a mission to spread the knowledge of real professional trading tools of price and volume analysis. This book is the first step in learning how to read and capitalise on price action correctly. The book will open your eyes to finding high probability locations of supply/demand levels with an added concept of Q Points which is my concept of systematic swing extremes. Q Points will keep you from trading the middles of swings. Contrary to popular belief, the money is not made in the middles of price moves, but instead the biggest momentum is always found at the turn of the market. Learning to systematically recognise this turn is key to any successful trading and investing. If you wish to move forward with your trading skills, then this book will be invaluable to your journey.

Author: Deeyana Angelo
ISBN-10: 1519492456
ISBN-13: 9781519492456
Publisher: Createspace Independent Publishing Platform
Language: English
Published: 08/03/2016
Pages: 88
Format: Paperback
Weight: 0.57lbs
Size: 10.00h x 8.00w x 0.23d