Best eBook s of 2011

All of these titles can be found on or Amazon Kindle, each only $9.99.

  1. Trend Trading Indicators: Secrets to Predicting Market Direction–John Person
  2. Simple Profits from Swing Trading: The Underground Trader Swing Trading System Explained–Jea Yu
  3. The Three Secrets to Trading Momentum Indicators–David Penn
  4. Volatility Indicators: Techniques for Profiting from the Market’s Moves–Jean Folger & Lee Leibfarth
  5. The Modern Trader: Wall Street Traders Reveal Their Formula for Success–T3 Live
  6. Iron Condor: Neutral Strategy for Uncommon Profit–Ernier Zerenner & Michael Phillips
  7. 21 Candlesticks Every Trader Should Know–Melvin Pasternak
  8. Simple Steps to Trading Discipline: Increasing Profits with Habits You Already Have–Toni Hansen
  9. Traders’ Guide to Increasing Retirement Income with Options–Ernie Zerenner
  10. Winning Methods of the Market Wizards–Jack Schwager

Want to have lunch with the world's best hedge fund manager?Current Bid at $ 14000


You and a guest will join Ray Dalio, Bridgewater Associates Founder, Chairman & Chief Investment Officer, for lunch in NYC or Connecticut.

Bridgewater manages approximately $154 billion in global investments for a wide array of institutional clients, including foreign governments and central banks, corporate and public pension funds, university endowments and charitable foundations. Approximately 1,700 people work at Bridgewater, which is based in Westport, Connecticut.

To become a profitable trader, you must

  • 1. Manage Risk: Learn to trade a manageable portion of you portfolio .Always establish a risk/reward ratio before making a trade. Without the ratio, how do you know your risk?
  • 2. Understand Position Sizing: All traders must learn to know “how much” to trade on each position. Do not overtrade or you will runt he risk of ruin. Position sizing is rule number one of managing risk.
  • 3. Cut Losses: Do not allow losses to run wild. You must learn to cut losses and understand that losses are a part of the game, a large part of the game. Check you ego of winning at the door. We are here to make money, not go undefeated. Play sports if you want to keep score with a record rather than your bankroll.
  • 4. Learn when to Sell: You must learn when to sell. Selling is more important than buying as it ties directly to risk management. Use stops if you haven’t yet developed the discipline to get out at your predetermined stop or profit goal.
  • 5. Average up in Price: I will never hesitate to add shares in a stock that is moving higher  but I always avoid averaging down. Remember, cut losses and never throw good money after bad because we know that’s a quick way to the poorhouse.
  • 6. Have Patience: It takes years to master trading as an advanced skill; even then, you are never done learning or adapting.

Reid Hoffman: 16 Lessons Learned

16 Lessons Learned (Among Many!)

-People are complicated and flawed. Root for their better angels.

-The best way to get a busy person’s attention: Help them.

-Keep it simple and move fast when conceiving strategies and making decisions.

-Every weakness has a corresponding strength.

-The values that actually shape a culture have both upside and downside.

-Understand someone’s “alpha” tendencies and how that drives them.

-Self-deception watch: even those who say they don’t need or want flattery, sometimes still need it.

-Be clear on your specific level of engagement on a project.

-Sketch three possible outcomes for a project: the likely upside, likely ‘regular’, and likely downside scenarios.

-A key to making good partnerships great: Identify and emphasize any misaligned incentives.

-Reason is the steering wheel. Emotion is the gas pedal.

-Trade up on trust even if it means you trade down on competency.

-Tell the truth. Don’t reflexively kiss ass to powerful people.

-Respect the shadow power.

-Make people genuine partners and they’ll work harder.

-Final: The people around you change you in myriad unconscious ways

Accept Ambivalence

If you are contemplating a trade, you may have mixed feelings about it. Some indicators will signal a buy and others a sale. When you make a trading decision, though, such ambivalence and self-doubt should disappear. If you trade often enough, ambivalence will also fade from being an issue. Experience teaches you that.

After your trading day ends, you may want to continue practicing so that each trade becomes rote. To trade decisively, push aside any feelings of ambivalence and make a decision to trade or not.

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