If You're Curious About These Questions...
You should listen to this audiobook
- Did you know that the biggest obstacle to your trading success isn't the market itself, but a series of psychological traps hidden within your own mind?
- What if you could master a specific 'Triple Screen' system to filter out market noise and identify the highest-probability trades?
- Are you curious about the secret '2% rule' that professional traders use to protect their capital while most beginners lose everything?
Listen to The New Trading for a Living — Free Audiobook
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Key Takeaways from The New Trading for a Living
- Learn how to protect your trading capital from hidden traps like exorbitant commissions and slippage by utilizing limit orders instead of market orders.
- Discover why reacting emotionally to single trades is a sign of gambling, and how adopting a calculating, detached mindset prevents financial self-sabotage.
- Understand the danger of the market's herd mentality and learn to avoid disastrous, impulse-driven trades by independently analyzing crowd behavior.
- Master the basics of bar charts by comparing morning opening prices with afternoon closing prices to decode the differing strategies of amateurs and professionals.
- Find out how to accurately gauge the market's intensity and the shifting power between optimistic bulls and pessimistic bears by reading the highs and lows on a stock chart.
The New Trading for a Living — Full Chapter Overview
Chapter 1: Recommendation
Chapter 2: A novice trader may stumble into numerous traps and wind up paying more than she desires.
Chapter 3: A skilled trader never gambles.
Chapter 4: When dealing with markets, always resist the urge to follow the crowd.
Chapter 5: Master bar chart fundamentals for more decisive market analysis.
Chapter 6: Grasping support and resistance is crucial for conducting effective, proper chart analysis.
Chapter 7: Watch liquidity and volatility, regardless of which instrument you choose to trade actively.
Chapter 8: Apply two simple rules to reduce your risk.
Chapter 9: Keep your trading disciplined with a detailed trade journal.
The New Trading for a Living Summary & Overview
The New Trading for a Living (2014) is your complete guide to getting started in trading. These blinks provide a detailed overview of a range of trading methods that will allow you to approach the market with minimum risk.
Who Should Listen to The New Trading for a Living?
- Those interested in alternative investment opportunities
- People studying finance or working in the financial sector
- Anyone who wants to start trading and earn a living doing it
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