Trading rules that work PDF

Trading rules that work PDF

Trading rules that work PDF-The 28 essential lessons every trader must master- The purpose of this book is to outline the deeper psychology behind most of the accepted trading rules and provide you, the individual trader, a better understanding of how to make your rules work.

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Category: Forex, Stock

Author: Jason Alan Jankovsky

Language: English

Download link: At the end of the post

Introduction- Trading rules that work PDF

The purpose of this book is to outline the deeper psychology behind most of the accepted trading rules and provide you, the individual trader, a better understanding of how to make your rules work. The rules are actually guidelines grouped into four separate parts; the underlying, basic psychology of each individual part is explored as each rule guideline is shown in proper context.

As most traders know, there are literally unlimited ways of interpreting price action, choosing execution points, or formulating a hypothesis of general market conditions or potential price action. The intention is not to provide you with another trading system— God knows there are enough of those—but rather provide you a way of showing you two things to improve your trade approach: how you think and how the market thinks.

When you stop and realize that most traders have net losses, yet we all know the rules, what could possibly be the defining factor that separates the winning trader from the losing trader? I believe that there is no clear and definitive answer to that, other than one trader consistently follows the rules he has adopted for himself and the other trader doesn’t; or worse yet has no rules. Because there is an unlimited number of ways to participate, I think the crucial issue is to find a way to personally apply the rules in a unique way that will work for you, and then do it all the time. It’s easy to say “Cut your losses,” but every trader will have a different way of defining that for themselves. The purpose of this book is to help you better define your personal trade approach by helping you interpret and apply the rules in a way that will work for your trading style.

The rules are not the problem; it is making the rules work for you that is the problem.

Contents- Trading rules that work PDF

Acknowledgments
Introduction

PART I Getting in the Game
RULE #1 Know Your Game 3
RULE #2 Have a Trading Plan 9
RULE #3 Think in Terms of Probabilities 15
RULE #4 Know Your Time Frame 23

PART II Cutting Losses
RULE #5 Define Your Risk 31
RULE #6 Always Place a Protective Stop 37
RULE #7 Your First Loss Is Your Best Loss 43
RULE #8 Never Add to a Loser 47
RULE #9 Don’t Overtrade 51

PART III Letting Profits Run
RULE #10 Keep Good Records and Review Them 59
RULE #11 Add to Your Winners 65

RULE #12 Use Multiple Time Frames 71
RULE #13 Know Your Profit Objective 77
RULE #14 Don’t Second-Guess Your Winners 83

Part IV Trader Maxims
RULE #15 Know the Limits of Your Analysis 91
RULE #16 Trade with the Trend 97
RULE #17 Use Effective Money Management 105
RULE #18 Know Your Ratios 111
RULE #19 Know When to Take a Break 117
RULE #20 Don’t Trade the News 123
RULE #21 Don’t Take Tips 129
RULE #22 Withdraw Equity Regularly 133
RULE #23 Be a Contrarian 137
RULE #24 All Markets Are Bearish 143
RULE #25 Buy/Sell 50% Retracements 149
RULE #26 The Only Indicator You Need 155
RULE #27 Study Winning Traders 161
RULE #28 Be a Student of Yourself 167
Conclusion 173
Recommended Reading 179
About the Author 183
Index 185

About the author

Jason Alan Jankovsky is a full-time trader working from downtown Chicago. He began his career as a Series III Commodities Broker in May 1987 after trading as an independent customer for more than a year prior. During the intervening years he has been involved in almost all facets of the futures industry and also the cash FOREX markets.

Currently he works on behalf of public traders as an educator for the customer group of Infinity Brokerage Services and their sister company ProEdgeFX, both headquartered in downtown Chicago. In addition to broadcasting live a twice-daily foreign exchange commentary, he contributes to several regular online publications, is a regular commentator on FOREXTV.com, and teaches the “Psychology of Trading” course for traders around the globe.
He is a private pilot and avid sailor.
Details of Mr. Jankovsky’s broadcasts can be found at www.proedgefx.com. He can be reached directly at Infinity Brokerage at 1-800-531-2817 or by e-mail at webinar@infinitybrokerage.com.

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Update: We’re sorry, this book is currently not available.

The 28 essential lessons every trader must master pdf, trading rules that work the 28 essential lessons every trader must master

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