Contents
Introduction
Trading is Based on Charts
Are You Suited to be a Trader? -- A Simple Check
Secret # 1: Master the Trading Essentials
Stop Loss
Risk Management
Focus
Trend
The Head, the Tail and the Body of a Rally
Trading is Not an Exercise in Logic
Never Average a Losing Trade
Don't Count Your Chickens Before They Hatch
Constantly Manage Your Open Positions
Understanding the Cycle of Price Rise and Fall
Types of Market Falls
You Must Have a Trading Edge
Secret # 2: The Alignment of Price, Volume and
Time
Leads to Profit
The Devil in Volumes
The Manipulated Price Rise
Secret # 3: Watch the Head, Trade the Body, Leave the Tail Alone
Secret # 4: Secrets of Trading Support and
Resistance
Breaking through Supports and Resistances
Why are Supports and Resistance So Important?
Closing Out a Trade
Secret # 5: The Winning Rules
Timing Entry and Exit
'I Doubled My Profits, So I Sell'
Confusing Perception with Reality
Money Management
The Essence of Trading
Plan a Trade and Trade a Plan
Mastering Your Trades
Secret # 6: Why Stocks Rise
Is There a 'Supply Choke'?
Secret # 7: Why Stocks Fall
Secret # 8: The How, When and What of a Trade
What Kind of a Trader Are You?
How to Trade Like a Master
Trading Only High Probability Opportunities
Never Over-trade
Find a Shoe That Fits Your Size
Timing the Markets
Your Trade Should Fit the Type of Stock You are Trading
How Many Open Trades at a Time?
Secret # 9: The Art of Reading Charts
Candlestick Charts
Overbought / Oversold Overload
Gaps in Candlestick Charts
Weekly Charts -- For a Longer Trading Position
Using Hourly Charts
The Different Types of Trading
Be With the Stock On the ' West Side' and Let it Go On the
'East Side'
Secret # 10: The Stop Loss
Don't Let the Leak Become a Flood
Using Stop Losses Based on Resistance and Support
How to Avoid Stop Losses from Getting Triggered All the Time
Secret # 11: When Staying Out of the Market is More Profitable
Secret # 12: Winning the Game of Odds
Secrets of Open Interest
Consensus Indicators
Channel Trading Systems
Improving Your Odds
Secret # 13: What to Do -- and Not Do When Markets Collapse
Secret # 14: Trading the Different Types of
Rallies
Short Covering Rally
Long Term Rally
Sectoral Rally
Secret # 15: Never Fight the Market
Don't Trade When You Don't Have Any Edge
Trading Pitfalls -- and How to Avoid Them
Secret # 16: Buy High, Sell Higher
Going for the Jugular Trade
Trade With What You Can Afford to Lose
When Day Trading, Be a Fruit Vendor
Secret # 17: Trading Cycles, Trading Trends
Stages in a Stock's Price Movement
Secret # 18: The Successful Trader's
Psychology
Trading Replicates the Behaviour of Fish
Stop Blaming Others
Don't Have Preconceived Notions About the Market's Direction
Reading the Mind of Others Who are Trading Your Stocks
Secret # 19: Golden Rules of Trading
Secret # 20: Mastering a Trade
Controlling Losses Takes Priority Over Making Profits
How Do You Know Whether Your Trading is Improving?
Secret # 21: Beware the Trading Minefields
Secret # 22: Trading Secrets from the Masters