Mastering Trade Selection and Management: Advanced Strategies for Long-Term Profitability

Mastering Trade Selection and Management: Advanced Strategies for Long-Term Profitability

by Jay Norris, Al Gaskill
     
 

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Proven Trading Techniques for Lowering Risk and Increasing Profits

In Mastering Trade Selection and Management, market strategist Jay Norris provides proven strategies for generating profits on a consistent basis—under all economic conditions. The secret lies not in predicting the market but rather in carefully managing your trade from

Overview

Proven Trading Techniques for Lowering Risk and Increasing Profits

In Mastering Trade Selection and Management, market strategist Jay Norris provides proven strategies for generating profits on a consistent basis—under all economic conditions. The secret lies not in predicting the market but rather in carefully managing your trade from beginning to end.

Norris gives you step-by-step instructions for selecting a market to trade, and determining which direction to trade the market, what to look for prior to trading, and when to enter and exit a trade. Mastering Trade Selection and Management takes the guesswork out of trading by showing you how to:

  • Measure the effects employment, government interest-rate policy, and consumer confidence have on a market
  • Determine what levels need to be breached to signal a change of trend
  • Implement a monitoring system to gauge when the current trend is holding or changing
  • Analyze markets down to an intraday level to identify historical support and resistance levels
  • Avoid emotional pitfalls that might lead you to make poor decisions—such as exiting a trade too early or failing to pull the trigger on a trade signal

Norris’s simple five-step system for trading will make you a more consistent and profitable trader. Using the wealth of graphs, charts, and trading examples inside, you can research, set up, and test your trades in order to fine-tune them for the real world. You risk no money and qualify yourself to make more trades that are lucrative.

From planning to execution to exit, the blueprints to the fine art of trading are now in your hands with Mastering Trade Selection and Management.

Product Details

ISBN-13:
9780071754989
Publisher:
McGraw-Hill Professional Publishing
Publication date:
04/19/2011
Pages:
240
Product dimensions:
6.30(w) x 9.30(h) x 0.83(d)

Meet the Author

Jay Norris is the Chief Market Strategist and host of Live Market Exercise for Clovernest Financial Group in Chicago (www.clovernest.com). He worked on the trading floor of the Chicago Board of Trade throughout the 1980s and 1990s in various roles before moving to the customer side of the business in 2001. He has published several articles about trading in Technical Analysis of Stocks & Commodities magazine. Norris is the coauthor of Mastering the Currency Market.

Al Gaskill has nearly 40 years of trading experience. He is a founder of Trading-U.com and coauthor of Mastering the Currency Market.

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