Take control of your own stock trading strategies
To identify risks and opportunities demand knowledge on stock analysis, technical trading skills, winning strategy and discipline. The book provides step-by-step practical guides to investor to develop his or her own systematic trading strategy that suit their own investment objectives and risk appetite. The systematic trading approach discussed in this book will help to remove human emotion and making the thinking process objective and mechanical to provide consistent results.
A comprehensive practical guide on what to buy, when to buy, how to buy, when to sell and how to sell
A more in-depth and advanced explanation on how to use BTS: The entry criteria discussed in the book provides the trigger to increase the probability of a profitable trade. The signals from the expansion of moving averages, the golden cross between short and longer term moving averages, the recognition of bullish candlestick patterns, the MACD bullish conditions and RSI readings enable better timing for entry with high probability of a successful trade.
The exit guidelines provide clear follow through monitoring process to identify the imminent change of price trend from bullish to bearish with adequate stop loss or trailing stop to preserve capital and also to lock in profits. Exit criteria discussed in the book provides the trigger for timely exit to maximize profits or minimize losses.
Learn to develop formulas to conduct screening for the 'right' stocks for your selection
To win in stock trading and investment, one has to be equipped with the knowledge of stock operations and know what drives super performers. While technical knowledge will enhance the precision on timing of entry and exit, it is also important to follow theme play which moves the price and volume. Bullish stocks supported by the theme play can be easily detected using simple daily stocks screening process which are well elaborated in this book. In addition, the understanding of the 5 trading psychology which are elaborated in this book will provide a solid base to trade with a winning edge.