Way of the Trade Tactical Applications of Underground Trading Methods for Traders and Investors + Online Video Course Bloomberg Financial Series

Langue : Anglais

Couverture de l’ouvrage Way of the Trade

Résumé
Sommaire
Biographie

Praise for Way of the Trade + Online Video Course

"Jea Yu's Way of the Trade offers serious traders a comprehensive and compelling approach to short-term trading. Jea writes in a reader-friendly style, connecting market realities with sound trading techniques and risk management strategies. If you are dedicated to succeeding in the trading world, Way of the Trade belongs on your bookshelf."
—Toni Turner, President, TrendStar Trading Group, Inc.; author of A Beginner's Guide to Day Trading Online and Invest to Win: Earn and Keep Profits in Bull and Bear Markets with the GainsMaster Approach

"In his new book, Way of the Trade, Jea Yu does a great job explaining market truths and delivering the tools helpful for profitable trading. There is so much valuable information in this book, but the section on 'The 5 Laws of the Marketplace' alone is worth the price of this book. A must-read for the serious trader!"
—Bennett A. McDowell, President, TradersCoach.com, and author of The ART® of Trading, A Trader's Money Management System, and Survival Guide for Traders

"Jea Yu's powerful new book offers a wide range of tools, strategies, and insights to help traders at all experience levels. Combining his unique market methodology with high-powered tape reading techniques, Yu's well-written narrative presents serious-minded readers with a detailed road map to short-term profits."
—Alan Farley, Editor/Publisher, Hard Right Edge "Jea is like the Kevin Smith of trading. His knowledge and historical perspective are rivaled only by his passion for the business. From X-Men comics to Bloomberg stock pickers, Jea takes you on a journey through the culture and mind of a Wall Street trader."
—Jeremy Frommer, CEO, Jerrick Ventures; former CEO of Carlin Financial Group; former Head of Global Prime Services, Royal Bank of Canada

"Jea Yu's latest masterpiece, Way of the Trade, illuminates a path of trading success appropriate for new hopeful traders and veterans alike. Way of the Trade encapsulates the strategic wisdom of Sun Tzu with the modern street smarts of a market master. Skillful use of trading examples, along with lessons of individuals who beat seemingly impregnable odds, make Way of the Trade incredibly difficult to put down and impossible not to learn from."
—Robert Weinstein, TheStreet.com contributor, founder of Paid2Trade.com, and full-time trader

Preface xiii Acknowledgments xxi Chapter 1 The Mutation 1 The Phantom Menace 2 Typical HFT Sheep Skinning Cycle in 2009 to 2012 8 Enter the Thunder and Tumbleweeds Market Trading Landscape 18 Defining Market Landscapes, Climates, and Terrains 20 The Five Laws of the Marketplace 26 The Profit By–Product 29 The Model of Excellence: Shokunin 30 The Excellent State of Excellence 34 Earnings Seasons: The Super Bowl of Momentum 35 Global Influences: Europe, China, and the World 38 Chapter 2 The Hybrid Market Predator 43 The Hybrid Market Predator 43 Relevant Traits of the Three Skillsets 44 Kurt Warner: Adversity Conditioning Model 45 Pockets, Pockets, Pockets 48 Properly Aligning Your Personal Perspective 49 Manifesting By–Product into a Product 51 The Eight–Step Process to Turn Idea into Profit Chapter 3 The Morning Ritual 57 Hunting for Prey: Headliners and Corganic 58 The Gapper/Dumper Three ]Reaction Sequence 59 Ritual Religion 61 Wasted Effort 61 The Real Work, Don’t Skimp! 61 Law of Reciprocity Revisited 62 Fast and Simply Thorough (FAST) Chart Analysis 63 Step ]by ]Step Ritual Routine by Time 65 Evaluate the Climate 73 Chapter 4 The UndergroundTrader Trading System: The Katana 75 Recommended Online Direct Access Broker: Cobratrading.com 76 Configuring the Rifle Charts 77 The Role of the Bumpers: Moving Average Breakouts, Breakdowns, and Trends 79 The Four Parts of Trends: Consolidation → Break → Peak → Exhaustion 85 The Role of the Bumpers: Bollinger Bands 87 The Slope Effect 88 The Weekly and Monthly Moving Averages and Bollinger Bands 91 The Role of the Stochastics 91 Spotting and Trading Fades 93 The Two Most Important Price Patterns: Pups and Mini Pups 96 Stinky 2.50 and Five ]Level de Facto Price Bumpers 109 The (Only) Three Candlesticks I Use 111 Massive Volume Spikes 116 Mischievous Mistick Manipulation 119 The Essence of Stops 129 Less Is More Applies More Than Ever 132 Early and Mid ]Stage Perfect Storms 142 Three Levels of Stop Mindset 144 What to Do after a Disaster 145 The Three Steps for Proper Re ]Setting 146 Purposely Add More Stocks to Watch List and Minders 149 Step ]by ]Step Healing and Recovery 150 The Unconditional Three STOP Rule 151 DSS: Defensive Sprawl Scaling 152 Chapter 5 The Perfect Storm Pattern Trade 157 What Is a Perfect Storm? 157 Perfect Storm Profile 161 Spotting Perfect Storm Opportunities with the Anchor Time Frame 165 How to Trade the Three Types of Perfect Storms 175 How to Play Trending Perfect Storms 177 Trading the Sympathy/Laggard Perfect Storm 180 The Tightening 181 Tightening Reversals 186 How to Play Tightening Perfect Storms 186 The Consolidation Break 189 How to Play Consolidation Break Perfect Storms 191 Repeating Nature of Perfect Storms 194 Double ]Hedged Sword Sequence Trade 197 How to Execute DHSS Trades 201 Chapter 6 Optimized Four–Level Research Process 205 Level 1 Research Process: Spot Technical Analysis and Headline Search 207 Level 2 Research Process: Digging Deeper into Fundamentals 211 Level 3 Research Process: Mining Perspectives 214 Level 4 Research Process: The Juicer, Full Immersion 216 The Afterglow Effect 221 Chapter 7 How to Prey for Playable Stocks to Trade 223 Stocks Are Battlegrounds and Participants Prey 224 Playability: Internal and External Factors 225 The Two Types of Playable Stocks: Headliners and Corganic 229 Where to Find Playable Stocks: Sources for Ideas 236 Chapter 8 Stalking Prey 243 Aging: Waiting for the Pattern to Form 244 Stalking: Setting an Alerts Minder on Your Trading Platform 244 Chapter 9 The Encounter from Start to Finish 247 Anxiety: Bad versus Good 247 React, Don’t Panic 248 Distinguishing Trade Entry Stages: Early, Impact, Late 249 The Complete Trade Sequence 256 Pretrade Process: Information Gathering and Analysis 256 Trade Execution Process: Entering the Position 258 Trade Management Process: Monitoring and Exiting the Position 258 Identifying Maladies in Your Trading 262 Post ]Trade Sequence Analysis 273 Reconstruct the Trade and Conditions Accurately 273 Summary 274 Chapter 10 Portfolio Trading: The Skillset of the Evolved Hybrid Market Predator 277 Market ]Calibrated Portfolio Creation and Management 278 General Capital Allocation 278 Activity Allocation = General Capital Allocation 280 Risk Averse Nature of Intraday Trading 280 Her Majesty, Queen Leverage 281 Application of Well ]Managed Allocation Management 282 truTV: “Not Reality. Actuality” 282 Constructing the Portfolio 282 General Macro Market Analysis and Allocation Assessment 283 Qualifying the Three Types of Trade Considerations 284 Intraday Trade Profiles 285 Position Trade Profiles 290 Active Portfolio Management 298 Options Strategies 299 Delta Neutral Hedging 300 Covered Calls: Creating Your Own Dividend 301 Bullish Call Debit Spreads 301 Bearish Call Debit Spreads 302 Portfolio Trading Schedule of Activity 302 Harnessing Your Hybrid Evolution 303 Chapter 11 Conclusion: Cultivating Your Personal Evolution 305 Acknowledging the Spirit 305 Elements That Affect One’s Spirit 306 Broken Spirits’ Blowout 309 Nourish Your Spirit 310 Continuing Your Progress 311 Appendix A My Trading Tools and Anatomy of Pattern Trades 313 Suri Duddella About the Video 333 About the Author 335 Index 337

JEA YU is a cofounder of UndergroundTrader.com, an interactive training site for traders, fund managers, and investors, which was voted Best of the Web by Forbes magazine for four consecutive years. A popular public speaker, Yu has been quoted in USA Today, the Wall Street Journal, and the Financial Times and is also a contributing writer for TradingMarkets.com and Benzinga.com.