Way of the Trade: Tactical Applications of Underground Trading Methods for Traders and Investors

Way of the Trade: Tactical Applications of Underground Trading Methods for Traders and Investors

by Jea Yu
     
 

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With the emergence of high-speed trading algorithms and zombie markets, it's increasingly difficult for traders to extract any sense—or dollars, for that matter—from the chaos of the markets. In Way of the Trade, Jea Yu presents an optimized and market-tested hybrid approach to winning in today's algorithm-dominated marketplace for

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Overview

With the emergence of high-speed trading algorithms and zombie markets, it's increasingly difficult for traders to extract any sense—or dollars, for that matter—from the chaos of the markets. In Way of the Trade, Jea Yu presents an optimized and market-tested hybrid approach to winning in today's algorithm-dominated marketplace for intraday, swing, and portfolio traders.

A cofounder of the popular trading site UndergroundTrader.com, Yu addresses the realities of today's market, complete with illustrations, analysis, lessons, and case studies, arming traders with the skills they need to generate consistent profits in any market landscape.

A decade ago, Yu would never hold a position for more than a few minutes. Now, using the trading methods developed at UndergroundTrader, he might hold a position that fades the market for weeks or even months at a time. It's not a traditional buy-and-hold method, but a market-calibrated portfolio management system combining precision execution, technical analysis, and the risk aversion and timing of a day trader merged with the teardown scrutiny and analytics of an activist investor. Way of the Trade shares this hybrid system, as well as the skills you need to operate it.

The algorithms certainly have the upper hand—you can't compete with their speed or firepower. But like a guerrilla army, individual traders can still win against a more powerful foe by better understanding the market landscape. Way of the Trade shows you how to use this market landscape to your advantage, going to ground when necessary and waiting for the perfect moment to strike. Trading against algorithms is like bringing a knife to a gunfight. Though no methodology can fully level the field of battle, Way of the Trade shows you how to wield your knife with the precision necessary to win.

Includes access to a 90-minute streaming video course

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Product Details

ISBN-13:
9781118662731
Publisher:
Wiley
Publication date:
07/12/2013
Series:
Bloomberg Financial , #614
Sold by:
Barnes & Noble
Format:
NOOK Book
Pages:
368
File size:
7 MB

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