A comprehensive, all-in-one resource for building a successful trading system
In the newly revised second edition of The ART of Trading: A Complete Approach for Traders and Investors in the Financial Markets, veteran trader and bestselling author Bennett McDowell delivers an intuitive and comprehensive system for trading success. In the book, you'll learn the trading rules, risk management techniques, mindsets, and trade debriefing strategies you need to master the markets and enjoy market-beating returns.
The author explains how to identify intelligent entry and exit opportunities, as well as trade management strategies, trading psychology insights, and more. He also outlines:
How to design, test, and apply your own custom system of trading rules How to avoid the twin traps of fear and greed that poison the returns of so many unwary traders How to create a sound and effective risk control system that protects you against catastrophic losses without limiting your ability to find profitable opportunities
An outstanding, all-in-one resource for day traders, retail investors, and fund managers, The ART of Trading walks you through every relevant aspect of building a winning trading strategy.
By:
Bennett A. McDowell (TradersCoach.com)
Imprint: John Wiley & Sons Inc
Country of Publication: United States
Edition: 2nd edition
Dimensions:
Height: 231mm,
Width: 163mm,
Spine: 48mm
Weight: 930g
ISBN: 9781394171743
ISBN 10: 1394171749
Pages: 608
Publication Date: 12 February 2025
Audience:
Professional and scholarly
,
Undergraduate
Format: Hardback
Publisher's Status: Active
Introduction ix Acknowledgments xxv Disclaimer xxvii Epigraph xxix Step I: Focus on Reality 1 Chapter 1: Reality Check 3 Chapter 2: Perception Versus Reality 9 Chapter 3: Too Good to Be True? 25 Chapter 4: Price, Volume, and Momentum 31 Chapter 5: Get Down to Business 39 Step II: Develop the Trader’s Mindset 49 Chapter 6: Your Mindset 51 Chapter 7: Brain Power 61 Chapter 8: Stress Reduction 73 Chapter 9: Fitness 85 Chapter 10: Nothing to Fear 103 Step III: Implement Risk Management 119 Chapter 11: Risk Management Essentials 121 Chapter 12: Win Ratio and Payoff Ratio 129 Chapter 13: Trade Size Matters 139 Chapter 14: Stop-loss Exit Strategies 149 Chapter 15: Trader’s Recordkeeping Forms 157 Step IV: Design Your Trading Rules 169 Chapter 16 The Hardest Rule to Follow 171 Chapter 17 Understanding Financial Markets 181 Chapter 18 Customize Your Rules to You 237 Chapter 19 Your 10 Rules Trading Template 253 Chapter 20 Testing and Proving Your Edge 297 Step V: Scan for Opportunities 305 Chapter 21 Needle in the Haystack 307 Chapter 22 Scanning Strategies 313 Chapter 23 Building Your Watch List 331 Step VI: Manage the Trade 339 Chapter 24: It Ain’t Over Till It’s Over 341 Chapter 25: Trade Management Strategies 349 Step VII: Debrief the Trade 363 Chapter 26: Learn from History 365 Chapter 27: Debriefing Strategies 375 Epilogue: Trading Is the Perfect Business 389 Appendix A: Advanced Techniques 413 Technique 1: Elliott Wave and Fibonacci 415 Technique 2: Multiple Time Frame Analysis 457 Technique 3: Scaling Out of and Into Trades 475 Appendix B: Resources 483 Resources 1: Brokers, Data Feeds, and More 485 Resources 2: Technology Tips 505 Resources 3: Books, Movies, and Websites 513 About The Website: Online Information Portal 535 Glossary 539 About the Author 565 Index 567
BENNETT A. MCDOWELL is the founder of TradersCoach.com® and the developer of the proprietary Applied Reality Trading® (ART) system. Today, the ART system is used by investors in over 85 countries around the world by retail investors, active traders, and hedge fund managers. He is an expert in technical analysis, trading psychology, and money management.
