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Marcel Link, author of High Probability Trading: Follow These Steps to Become a Successful Trader, First Edition
Most novice traders have one thing in common: they run out of money and quit trading within six months of starting their new endeavor. High-Probability Trading mitigates the effects of this “trader’s tuition,” outlining a thorough plan for surviving those risky initial months and turning a profit.
This straightforward book examines the facts of trading in a way that is very direct. It covers every facet of profitable trading and is packed with real-world examples, making it suitable for both short-term and long-term traders.
From the Publisher
Since 1991, Marcel Link has engaged in professional trading. He is a TradeStation consultant and the creator of linkfutures.com. In addition to providing daily market commentary, Linkfutures.com offers traders insights into technical analysis, marketing, training, and other material that can be quite helpful. For inquiries or feedback, contact Link at marcel@linkfutures.com.
On the Back Cover, “The Goal Is to Teach All Traders to Think with the Mindset of a Successful Trader…”
Trading successfully starts and ends with mindset, even though it takes a great deal of expertise and information. When they buy a good stock and the price drops right away, what do great traders think? How can they prevent their bankroll and trust from being destroyed by a single poor trade? What are they aware of that we are not?
“Some trades are not worth the risk and should never be done.”
You can learn how to trade just when the chances are in your favor by using High Probability Trading. It is the most comprehensive manual available today for thinking like an excellent trader—every day, on every trade—from explanations of the tools and software an exceptional trader requires to high probability indicators that either a peak or bottom has been reached.
“It’s not how good you are at one individual thing, but it’s the culmination of every aspect of trading that makes one successful.”
Prior to becoming a profitable trader, Marcel Link spent years experimenting with different systems to determine what worked, what didn’t, and why. In High Probability Trading, Link describes how he learned what to look for, what to avoid, and how to make every trade a high probability trade in order to become a reliable, patient, and successful trader.
“Why do certain traders consistently profit while the majority lose? What distinguishes winning traders from losing traders, and what do the former avoid? In this book, I’ll explain how profitable traders continuously make money by avoiding common errors and making high-probability transactions. –From the introduction
The majority of traders physically run out of money and quit trading within six months of starting their jobs full of promise and optimism. To lessen the chance that you will have to pay this “traders’ tuition,” High Probability Trading outlines a tried-and-true strategy for surviving those initial months and turning a profit right away.
This simple manual covers the following topics, combining a particularly direct examination of the facts of trading with real-world examples, charts, and case studies of short- and long-term traders’ successes and failures:
- The 10 dependable qualities of a profitable trader and how to use them to your advantage
- Techniques for managing feelings during a trading conflict
- Techniques for recognizing trends, breakouts, reversals, and more using technical analysis
- Signals proven by the market to continuously enhance the timing of entry and exit points
- How to “trade the news” and recognize when it has already been discounted by the market
- Knowing how to exit a bad deal before it causes you harm
Only when the odds are in their favor do the top traders join the marketplace. Knowing the difference between low and high probability events and just trading the latter is made easier with High Probability Trading. It does much more than just identify the flaws and blind spots that most traders have; it also explains how those flaws can be recognized, fixed, and used to each trader’s benefit.
There are only bad deals, not terrible traders, despite the fact that this is a cliche. By helping you identify bad deals before they happen, High Probability Trading can help you eliminate them from your trading day. This powerful book will first give you the knowledge and tools you need to tame the markets, and then it will show you how to seamlessly integrate them into a customized trading program that will help you join the ranks of elite traders and increase your chances of success on every trade. It is packed with charts, trading tips, and questions traders should be asking themselves, as well as real examples of traders in every market situation.
About the Author
Since 1991, Marcel Link has engaged in professional trading. He is a TradeStation consultant and the creator of linkfutures.com. In addition to providing daily market commentary, Linkfutures.com offers traders insights into technical analysis, marketing, training, and other material that can be quite helpful.
Product details
Publisher : McGraw Hill; 1st edition
Language : English
Hardcover : 393 pages
