Money is Power!: How Practice Makes Profits Mastering the Stock Market Volume I (Paperback) (ISBN-13: 9781512199727)

We all have the same goal when we make an investment: maximizing profits while limiting losses. The goal of this book is to help novice and beginning traders to understand the markets and to explore ways of maximizing profits while limiting losses while trading the stock market. The novice trader has more questions than they even know they have. Maybe they know about "limit orders" but not "stop limits" or "the bid" or "the ask". This is why this book tries to begin at the beginning and quickly explain the important aspects while not getting bogged down in too much needless detail. Analogies and clear examples are used throughout the book to help to explain the different topics and critical charting interactions that can seem random at first but tend to follow certain patterns. With over 100 graphics pulled from real world charts used as examples including a technical analysis of the chart, you can follow many company's stocks and see how the technical predictions developed in the months and years since the book was written. If you have wondered how the stock market works and how you can trade profitably with a less risk of loosing your money, then congratulations! Today you have begun your journey of discovery that can lead to a literal pot of gold at the end of a ticker tape rainbow! Is it an easy journey? No, it isn't easy, but it is not impossible either, and who ever heard of a pot of gold that is easy to gain access to? Trading stocks is not for the faint hearted or mentally lazy and those with poor discipline will have even more to learn than will the natural Zen Master. However, with practice even the worst trader can learn to fix their mistakes and capitalize on their own strengths. By noting entry and exit points and reasons for making each trade you can analyze your good trades and also any mistakes. We learn more from our mistakes than our successes. Never fear failure, learn from the attempt and note the results and then incorporate the lessons learned in the next attempt. You will see how you can develop your own trading strategy using the zero risk method of online trading games or paper trading. Even an experienced trader should use practice trading when trying a new strategy or trade setup until they can regularly trade it for gains. Once a repeatable setup has been successfully traded profitably by using an online trading game or simulator multiple times, then you can look to trade that same setup with a small real money position when it next appears. When first trading with actual money it is best to trade only a small position until you can limit losses and make consistent gains. Only when you can limit losses and make consistent gains should you consider increasing the dollar size of your trades. We are seeking repeatable setups and signals that can signal profitable trades while keeping our risks as low as possible. We then want to practice the same setup until we can return consistent gains and limit any losses. The stock market is a chaotic environment at best, so we need to simplify anything that we can and remain focused on the critical pieces of information. The main goal should also stay in focus: maximizing profits while limiting losses.

Author: Kimon Socrates Inglessis
ISBN-10: 1512199729
ISBN-13: 9781512199727
Publisher: Createspace Independent Publishing Platform
Language: English
Published: 11/26/2015
Pages: 376
Format: Paperback
Weight: 1.53lbs
Size: 9.00h x 6.00w x 0.98d