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An End to the Bull: Cut Through the Noise to Develop a Sustainable Trading Career

Book Description

Go beyond technical analysis tools with this comprehensive look at trading analysis

Strategies for successful trading analysis for all markets are out there, but they're not often found in books for the general public. So what are the secrets that professional traders know, but aren't willing to share? An End to the Bull: Cut Through the noise to Develop A Sustainable Trading Career is a robust, honest resource that presents an alternative approach to the markets, combining traditional technical tools with fundamental analysis, behavioral finance, and other key concepts to enrich readers' trading knowledge. The author's comprehensive, educated look at the topic fills a huge need in the trading community, and is ideal both for novices and experienced traders.

In An End to the Bull, Norden suggests that total reliance on traditional technical analysis can lead to failure, and has ended in disappointment for many. The book offers up a unique approach for anyone looking to establish a sustainable trading career based on a combination of the most tried-and-true methods. While it focuses especially on trading in Australia, the book is a useful resource for international traders at all levels.

  • Explains why change is needed in trading analysis and presents a revolutionary approach used by successful professional traders

  • Shares the core techniques and strategies to build knowledge and establish a business-minded attitude

  • Discusses more advanced ideas crucial for all traders, including understanding volatility and the typical flaws of behavioral finance

  • Gives solid advice for traders anywhere in the world

  • An End to the Bull takes the mystery out of trading analysis and puts the power to navigating markets into the hands of readers.

    Table of Contents

    1. About the author
    2. Acknowledgements
    3. Introduction
    4. Part I: The need for change
      1. Chapter 1: The Financial Junk-Food Industry
        1. Traders play a different role from brokers and analysts
        2. The ‘other’ junk-food industry
        3. Accepted wisdom — trying to separate fact from fiction
      2. Chapter 2: Real trader psychology: our desire for short cuts
        1. Representativeness
        2. Availability bias
        3. Anchoring
        4. Conservativeness
        5. Overconfidence and overoptimism
        6. Hindsight bias
        7. Confirmation bias
        8. Cognitive dissonance
        9. A broker demonstrates biases in action
        10. More on System 1 and System 2
      3. Chapter 3: Time to break free
        1. Why do you want to trade?
        2. Lifestyle implications
        3. You need to be an independent thinker
        4. Ditch technical analysis
        5. Trade to win
        6. Random rewards — a dangerous business
    5. Part II: Building the foundations
      1. Chapter 4: Knowledge
        1. Markets
        2. Derivatives
        3. Short-selling shares
        4. Data
        5. Specialisation
      2. Chapter 5: Watchlists
        1. Information and noise
        2. The role of watchlists
        3. The importance of following different markets
        4. Using watchlists to help overcome biases
        5. Trade the markets
        6. Include positively and inversely correlated markets
        7. Watchlists help us to build context and better understand markets
        8. Beware stock closing prices
        9. Constructing watchlists
        10. Other information to be gathered
        11. Using the watchlists to trade
        12. Think laterally
        13. Watchlists and our core principles
      3. Chapter 6: It’s a business; treat it that way
        1. Which broker?
        2. What to pay for
        3. What capital is required?
        4. Time required
        5. Practise properly
        6. Plan B
        7. Tax advice
        8. Re-evaluate
      4. Chapter 7: Position sizing and management
        1. Position sizing
        2. Entering a trade
        3. Setting targets and stop loss levels
        4. Managing trades
        5. Trailing stops
        6. Relating these techniques to our core principles
    6. Part III: The next level: incorporating more advanced concepts
      1. Chapter 8: Pricing In
        1. What is good (bad) news?
        2. Examples
        3. Iluka
        4. Probability and magnitude
        5. Pricing in and position sizing
        6. Reflexivity in markets
        7. Conclusion
      2. Chapter 9: Volatility
        1. What is volatility?
        2. Using historical and implied volatility in our trading
        3. Trading in times of high volatility
        4. What does high volatility look like?
      3. Chapter 10: Become the bookmaker: how the pros trade
        1. Be the bookmaker
        2. Flow trading
    7. Conclusion
    8. Appendix
    9. Index
    10. Advert
    11. End User License Agreement