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Trading Secrets: Killer trading strategies to beat the markets and finally achieve the success you deserve, 3rd Edition

Book Description

A practical, informative, and accessible guide to getting started in trading

Louise Bedford has been coaching and mentoring traders for almost twenty years, and in Trading Secrets, Third Edition she's back to share what she's learned. Whether you're just starting out in the trading world, or you're an old hand looking for some new tricks, this book is for you. Packed with everything you need to get in on the action and consistently profit from the markets, Trading Secrets is your personal coach to becoming a trading mastermind.

Designed to educate, motivate, and guide you through the sometimes confusing world of trading, the book shows you how to set up a trading business and, most importantly, master your number one trading foe; yourself. Known for her witty and entertaining style, Bedford has demystified the world of share trading for thousands of investors and traders, and you're next.

  • Brings together the processes, careful planning, and risk control techniques that Bedford has used throughout her own successful trading career

  • Offers fascinating insights into everything from how to handle a windfall profit to why men and women trade differently

  • Includes end-of-chapter review materials, essential for helping you master the material

Table of Contents

  1. Cover
  2. Table of Contents
  3. Title Page
  4. Foreword
  5. Part I: Business secrets
    1. Chapter 1: Stop trading, start thinking
      1. Tug of war
      2. Another method of analysis
      3. Strategy
    2. Chapter 2: Trust a broker? Are you crazy?
      1. What do you do?
      2. Are you an investor or a trader?
      3. Data
      4. Software
      5. Computers
      6. Books
      7. Seminars
      8. Newsletters
      9. Stockbrokers
      10. Stingy behaviour
    3. Chapter 3: Get ready for action
      1. Athletes
      2. Breathing
    4. Chapter 4: Got a job? Hang on in there … for a while
      1. The dark side of employment
      2. The positive side of working
      3. Share trading can be lonely
      4. The good times
      5. Going on holidays
      6. What does ‘being a trader' mean to you?
  6. Part II: It takes all sorts
    1. Chapter 5: It's all about sex
      1. A brief history lesson
      2. Chemistry
      3. Confidence in decisions
      4. Is trading a male domain?
      5. Reaction to stress
      6. Testosterone
      7. The need to be right
    2. Chapter 6: The best gift you can give your child
      1. Young children
      2. Adolescents
      3. So, why is this important?
    3. Chapter 7: Find a hero - the undervalued success secret
      1. Market gurus
      2. Great traders
      3. Why do traders write books?
      4. Three heroes
    4. Chapter 8: Trader - know thyself
      1. Balance is important
      2. Know when not to trade
      3. Self-sabotage
      4. Personalities
      5. Focus on more than the current trade
      6. Admit when you're wrong
      7. Learn from your past results
      8. Stop envying other people
      9. Develop detachment
      10. Fear
      11. Be consistent
      12. Be willing to appear goofy
      13. Five ways to overcome trading barriers
  7. Part III: Trading tools
    1. Chapter 9: History never repeats. Are you sure?
      1. Black box systems
      2. Share behaviour
      3. Bars, lines and candles
      4. Why use candles instead of bars?
      5. Candlestick charts
      6. When to use candlesticks
      7. Some common candlestick patterns
      8. How to use candlesticks
    2. Chapter 10: Stop playing blind archery
      1. Gut feel
      2. Weight of evidence
      3. The line family
      4. The moving average family
      5. The momentum family
      6. The volume family
      7. The pattern family
      8. Gaps
      9. Feel the pulse of the market
      10. The impact of dividends
      11. Entry isn't everything
    3. Chapter 11: Speed counts. Should you get online?
      1. Types of brokers
      2. The pitfalls of online trading
      3. Using human brokers
      4. Finding the right broker
    4. Chapter 12: Show me the money!
      1. Rounditis
      2. Entry signals
      3. Exit signals
      4. Back-testing
    5. Chapter 13: Sector analysis - your shortcut
      1. Top-down analysis
      2. Bottom-up analysis
      3. Floats
  8. Part IV: Trade management secrets
    1. Chapter 14: GFC victims didn't use stops
      1. Risk
      2. Discipline
      3. Types of stops
      4. Pattern recognition
      5. Volatility
      6. Volatility-based stops
      7. Technical indicators
      8. Percentage drawdown
      9. Partial exits versus full exits
      10. Slippage
      11. After-market activity
    2. Chapter 15: Most people suck at money management
      1. The equal-portions model
      2. The market capitalisation model
      3. The percentage-risk model
      4. How to position size
      5. An advanced view
      6. How much money do I need to start trading?
      7. How much money will I make?
      8. Summary
    3. Chapter 16: More bang for your buck
      1. Pyramids and inverted pyramids
      2. Staged entry
      3. Resetting stops
      4. Average up, never average down
      5. Setting profit targets
      6. Martingale versus anti-martingale systems
    4. Chapter 17: It's TattsLotto time
      1. Mania
      2. Reward yourself
      3. Beware of overconfidence
    5. Chapter 18: Warning! Measure or go broke
      1. Win to loss probabilities
      2. Dollars made compared with dollars lost
      3. Frequency of trades
      4. Expectancy
      5. Record-keeping
  9. Part V: Recession-smashing strategies
    1. Chapter 19: Make the bear your friend
      1. Act on your stops
      2. Learn how to handle volatility
      3. Don't guess at the next market leaders
      4. Short selling
      5. CFDs
      6. Entry strategies
      7. Volume
      8. Exit strategies
      9. Position sizing
      10. The implications of dividends
    2. Chapter 20: Options multiply your results
      1. Definition of a call option
      2. Writing call options
      3. Buying call options
      4. Definition of a put option
      5. Writing put options
      6. Buying put options
      7. Option strategies
    3. Chapter 21: New trading products
  10. Part VI: Words of wisdom
    1. Chapter 22: Associate with success
      1. Your friends
      2. Trainers
      3. Corporate professionals
      4. Authority figures
      5. Forums and chat rooms
      6. Your partner/spouse
      7. Share-trading clubs
      8. So who should you hang out with?
      9. Are you ready to take charge?
    2. Chapter 23: Write it down or suffer the consequences
      1. Keep a trading diary
      2. Monitoring your positions
      3. Developing a trading system
      4. Your trading plan
      5. Trading plan questions
      6. Develop urgency
    3. Chapter 24: Habits determine your success
      1. Trading with the trend
      2. Setting stop losses
      3. Utilising a written trading plan
      4. Developing money management skills
      5. Remaining detached
      6. Using an appropriate instrument
      7. Persisting in the face of adversity
      8. Standing on your own two feet
      9. You are worthy of success
    4. Chapter 25: The real secret
      1. Your carrot and your stick