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An Inside Look at Trading in Today's Markets (Collection)

Book Description

A brand new collection of knowledge about today’s radically new market dynamics… 2 indispensable traders’ guides, now in a convenient e-format, at a great price!

2 indispensable books deliver profound insights into today’s markets — and translate deep knowledge into outsized profits!

Today’s markets are radically different — and you can’t profit unless you understand how they’ve changed. Now, two breakthrough books give you powerful market insights you won’t find anywhere else — insights honed to reflect new realities, and deliver massive new profits. First, in The Playbook, Mike Bellafiore offers a complete course in becoming a truly great trader, whether you want to trade on your own or for someone else’s firm. Using the same high-intensity “boot camp” approach he uses to teach his own firm’s new traders, Bellafiore walks through actual trades, explains what the traders were trying to do, and offering brutally tough expert critiques. Trade by trade,¿he reveals how professional traders must think in order to succeed “under fire,” how they assess their own performance, and how they work relentlessly to improve. Using concrete, actionable setups drawn from his extensive experience, he illuminates support plays, bull-and-bear flags, opening drives, important intraday levels, bounce and fade trades, pullbacks, scalps, technical opportunities, consolidation, relative strength, market trades, and more. He also presents indispensable insights on psychology and trader development, based on his work with hundreds of traders on a major commodity exchange and an elite prop firm’s trading desk. Then, in Shock Markets, Robert I. Webb and Alexander Webb show you exactly how to transform crises into profits. They offer meticulous breakdowns of recent crises, revealing how these events impacted both individual stocks and overall markets, and helping you create detailed game plans for profiting from future shocks. They answer crucial questions like:¿What moves stock prices? What moves the overall market? How can you profit from catalysts that precipitate sudden sharp stock price movements?¿From regulatory decisions to macroeconomic reports, seemingly remote factors can have a huge, sudden impact on stocks.¿Shock Markets illuminates these catalysts, and demonstrates their shifting behavior during fads, fashions, bubbles, crashes, and market crises. The focus is completely practical:¿helping savvy traders uncover profit where others find only peril.

From expert traders and trading instructorsMike Bellafiore, Robert I. Webb, and Alexander R. Webb

Table of Contents

  1. About This eBook
  2. Title Page
  3. Copyright Page
  4. Contents
  5. The PlayBook: An Inside Look at How to Think Like a Professional Trader
    1. Copyright Page
    2. Dedication Page
    3. Acknowledgments
    4. About the Author
    5. Introduction
      1. The Perfect Storm
      2. The PlayBook Becomes Our Solution
      3. The Truth about Trading
      4. Yes, You Can!
      5. What’s Inside
    6. 1. The PlayBook
      1. The Big Picture: First Know What Is Moving the Market
      2. Intraday Fundamentals: Trade with Real Order Flow Behind Your Stocks
      3. Technical Analysis: Friend and Foe
      4. Reading the Tape: Find Better Entries and Exits
      5. Intuition: Unartful Things Said During an Interview
      6. The PlayBook: An Example with a Second Day Play
      7. Top Ten Ways the PlayBook Can Help Your Trading
    7. 2. Trade Like a Shark
      1. The Work Output of a Pro Trader
      2. The Language of the Successful Trader
      3. Good Traders Are Real-Time Relentless
      4. Shark’s Best Trade Ever (NKE)
      5. If Shark Can Do It, Why Can’t You?
      6. Trading Calm
      7. Most Valuable Trader
      8. Shark Is Self-Actualized
      9. Shark’s Focus on the Process
      10. Shark Hunts the Best Stocks
    8. 3. The Day Knight Capital Almost Fell (A Support Play)
      1. Reasons2Sell
      2. From Our Training Room: A Trade Discussion with Shark
    9. 4. TO: How Good Can You Be?
      1. TO: The Ultimate Trading Competitor
      2. TO Is One Step Ahead of You
      3. The Failure Rate of a Prop Trader
      4. The Standard Is: How Good Can You Be?
      5. And the Winner Is...TO
      6. From the Training Room: A Biotech Fade Trade Review with TO
    10. 5. Follow the Trading Path of Pippen
      1. A Path to Profitability
      2. Be in Your Right Culture
      3. One Good Trade
      4. From the Training Room: Trading an IPO (FB) with Pippen
    11. 6. Special Projects: Get Ready to Trade Pro
      1. Do You Fail as a Trader, or Do You Learn It Is Not Your Passion?
      2. The GM Test
      3. The Rise of College Traders
      4. Make It Happen!
      5. Why Aren’t Universities Teaching Trading
      6. We Need More Female Traders
      7. The Future Five-Year Career Path
      8. From Our Training Room: A Reversal Trade Review with Special Projects
    12. 7. Prep
      1. It Is Everyone Else’s Fault But Mine
      2. Trader Rant
      3. Fear of Missing Out (FOMO)
      4. Follow Your Giveback Rule
      5. Consider the Big Picture
      6. Negative Self-Talk
      7. You Are Trading Too Many Stocks
      8. Making Money Starts with Being Professional
      9. Trading on Tilt
      10. Finding the Solutions
      11. From Our Training Room: One Good Losing Trade with Prep
    13. 8. We Are All Rudy
      1. The Blue-Collar Trader
      2. Do Poker Players Make Better Traders?
      3. Is a Gifted Mind Enough to Become a Great Trader?
      4. Mental Agility and Concentration Built from Gaming, But...
      5. You Cannot Execute If You Don’t First Settle Your Personal Issues
      6. Overthinking Harms Your Execution
      7. From the Training Room: A Technical Trade Review with Rudy
    14. 9. Iceman: No Guts, No Glory
      1. Having the Guts to Be Your Best Trader
      2. Iceman Trades His Personality
      3. Eleven Steps to Trade Bigger
      4. The Unavoidable Psychological Journey to Success
      5. From the Training Room: An Opening Drive Review with Iceman
    15. 10. GMan: Trading Is Not Easy
      1. Traders Need Great Coaching
      2. How GMan Improved His Trading Methodology
      3. Remember How Tough Trading Is
      4. Argghh: Insufficient Trader Training
      5. Party Time
      6. GMan’s Pullback Trade
    16. 11. South Africa
      1. The No Trend Pledge
      2. A Trading Desk of Tennis Players
      3. Was It True That Stocks In Play Didn’t Trend in South Africa?
      4. The American Version of SMB Traders Off the Tracks
      5. Some “Proper” Traders
      6. Phillie: Some Call It Perspective
      7. Stevie: There Is No Option But to Succeed
      8. Carpe Diem: A Comfort for Action
      9. Brody: A Pursuit to YBT
      10. Rudders: Ultra Calm and Giving
      11. JoeBoy: The Natural
    17. Conclusion. The Future of Trading
      1. How You Can Become a Profitable Trader
      2. You Are a Multiproduct, Multimarket, Bionic Discretionary Quant Trader
      3. You Can Be Better Tomorrow Than You Are Today
    18. References: Works Cited
    19. Index
    20. Financial Times Press
  6. Shock Markets: Trading Lessons for Volatile Times
    1. Copyright Page
    2. Dedication Page
    3. Contents at a Glance
    4. Acknowledgments
    5. About the Authors
    6. 1. The Nature of Trading
      1. Why Study Market Shocks?
      2. The Nature of Trading
      3. Different Perspectives of Trading
      4. Market Conditions and Sentiment
      5. Making Trading Decisions
      6. Looking Ahead
      7. Endnotes
    7. 2. Five Simple Questions
      1. Which Market(s)?
      2. Which Direction?
      3. How Much?
      4. How Long?
      5. How Risky?
      6. A Sixth Question
      7. Additional Trading Lessons
      8. Endnotes
    8. 3. Fads, Fashions, and Bubbles
      1. Is It Really a Bubble?
      2. Can You Profit from “Bubbles”?
      3. Is the Market Smart?
      4. Trading Lessons
      5. Endnotes
    9. 4. Earnings and Corporate Announcements
      1. Earnings
      2. New Products—Videogames
      3. Mergers and Acquisitions
      4. Changes at the Top
      5. Regulatory Actions and Lawsuits
      6. Trading Lessons
      7. Endnotes
    10. 5. Rumor Has It
      1. Rumors
      2. Position Announcements
      3. Shorted Companies Bite Back
      4. Trading Lessons
      5. Endnotes
    11. 6. Political Economy
      1. Political Shocks—Terrorist Actions, Wars, Assassinations, and Policy Actions
      2. The 2000 U.S. Presidential Election
      3. Expropriation
      4. Cooling the Economy and Markets
      5. Central Banks to the Rescue
      6. Central Banks as Speculators
      7. Trading Lessons
      8. Endnotes
    12. 7. Predatory and Insider Trading
      1. Predatory Trading
      2. Speculative Attacks—“If at First You Don’t Succeed...”
      3. LIBOR
      4. Gunning for Stops
      5. Informed Trading
      6. Trading Lessons
      7. Endnotes
    13. 8. Crashes, Trading Glitches, and Fat-Finger Trades
      1. The May 6, 2010 “Flash Crash”
      2. October 19, 1987 Stock Market Crash
      3. Other Stock Market Crashes
      4. Fat-Finger Trades
      5. Trading Glitches
      6. Trading Lessons
      7. Endnotes
    14. 9. Man Versus Machine
      1. Algorithmic and High-Frequency Trading
      2. Avoiding HFT
      3. Trading Lessons
      4. Endnotes
    15. 10. Flight to Safety
      1. Reducing Risk
      2. Credit Default Swaps
      3. Nature of the Crisis
      4. Gold
      5. Treasuries
      6. Currencies
      7. The Paradox of Wealth Preservation
      8. What Is Safe?
      9. Trading Lessons
      10. Endnotes
    16. 11. Why Most Traders Lose Money
      1. The Banks
      2. Behavioral Finance
      3. A Tale of Two Losses
      4. Warren Buffet and EFH Bonds
      5. Trading Lessons
      6. Endnotes
    17. 12. Developing a Trading Game Plan
      1. Trading Edge and Trader Type
      2. Trading Thesis
      3. Making a Trading Game Plan
      4. Trade Monitoring and Contingency Plan
      5. Trade Completion and Evaluation
      6. The Message in the Behavior of Market Prices
      7. Trading After a Market Shock
      8. Shocks: Scheduled and Unscheduled
      9. Trading Maxims
      10. Endnotes
    18. Index
    19. Financial Times Press