The Universal Principles of Successful Trading

Brent Penfold 지음

Wiley 2010년 10월 26일 출간

작품소개

책소개

The Universal Principles of Successful Trading clearly and unambiguously articulates trading principles that distinguish the winners from the losers. Though trading can be performed in different markets, across different timeframes, and with different instruments based upon different techniques, there is one common thread that ties all winning traders together: the universal principles of successful trading. All consistently profitable traders adhere to them regardless of the markets, timeframes, and techniques.In this ground-breaking book from top trader, Brent Penfold, the reader will:Learn how to develop a trading planLearn how to identify and create an effective methodologyDiscover successful money management strategiesUnderstand trader psychologyAnd many more exciting trading and strategies secrets.Supporting the universal principles are rare interviews from a diverse group of successful traders. Some are the new young guns of trading and others are market legends who are trading just as actively today as they were over 50 years ago. They represent a diverse group of traders from the United Kingdom, America, Singapore, Hong Kong, Italy, and Australia. All of them have generously agreed to offer the reader one singularly powerful piece of advice to help them towards their trading goals. Each piece of advice emphasizes an essential element of the universal principles.This timely and exciting book from Brent Penfold has already garnered many accolades and looks set to become a modern-day classic.

목차

Acknowledgments.Preface.Foreword.Introduction.Chapter 1 A Reality Check.Why Do 90 Percent of Traders Lose?Common Mistakes&-Year One.Common Mistakes&-Year Two.Common Mistakes&-Year Three.How to Join the 10 Percent Winners' Circle.In Summary.Chapter 2 The Process of Trading.The Process of Trading.Chapter 3 Principle One: Preparation.Maximum Adversity.Emotional Orientation.Losing Game.Random Markets.Best Loser Wins.Risk Management.Trading Partner.Financial Boundaries.In Summary.Chapter 4 Principle Two: Enlightenment.Avoiding Risk of Ruin.Embracing Trading's Holy Grail.Expectancy.Opportunities.Pursuing Simplicity.Treading Where Most Fear.Validation.In Summary.Chapter 5 Principle Three: Trading Style.Trading Mode.Time Frames.Choosing Your Trading Style.Long-term Trend Trading.Short-term Swing Trading.Long-term Trend Trading Versus Short-term Swing Trading.In Summary.Chapter 6 Principle Four: Markets.Good Operational Risk Management Attributes.Good Trading Attributes.In Summary.Chapter 7 Principle Five: The Three Pillars.Money Management.Methodology.Psychology.Chapter 8 Money Management.Martingale Money Management.Anti-Martingale Money Management.Key Concepts.History.Anti-Martingale Money Management Strategies.Trading Forex_Trader Using a Single Contract with No Money Management.Forex_Trader Using Fixed-Risk Money Management.Forex_Trader Using Fixed-Capital Money Management.Forex_Trader Using Fixed-Ratio Money Management.To Chase $18,000,000 in Profits or to Chase $1,500,000 in Profits, That is the Question.Forex_Trader Using Fixed-Units Money Management.Forex_Trader Using Williams Fixed-Risk Money Management.Forex_Trader Using Fixed-Percentage Money Management.Forex_Trader Using Fixed-Volatility Money Management.Whi

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저자(글) Brent Penfold

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Brent Penfold is a full time trader, author, educator and licensed advisor. He began his career in 1983 as an institutional dealer with Bank America and today specializes in trading forex and global indices. Brent is the author of the bestselling book Trading the SPI (Wiley 2005) and is profiled in John Atkinson's e-book The Stock Market Wizards of Australia. Brent publishes daily newsletters for active Forex and Index traders and is a popular and sought after international speaker who has presented to traders throughout the Asia Pacific region in Singapore, Hong Kong, Malaysia, Vietnam, Thailand, India, China, Australia, and New Zealand.Brent is a licensed futures advisor (AFSL 225946) and holds a Master of Commerce (Finance) degree.