Description
Learn how to trade based on what the charts tell you, and you can make great returns while limiting your risks. Marty Schwartz used technical trading to boost $40,000 to $20 million in a few years, and Ray Dalio (Bridgewater Associates) built a $10bn fortune setting up computer algorithms to look for good trades.
And plenty of individuals are now using zero-commission brokers like EToro and Robinhood to make their own fortunes. For instance, EToro’s details on some of their top traders show;
- Jay Edward Smith made returns of over 50% in 2019 trading stocks and cryptocurrencies;
- Olivier Danvel, a low risk trader, has a target 1% monthly return and hasn’t had a single negative month in three years;
- Heloise Greeff has averaged a 20% a year return trading stocks and ETFs.
And you could join them!
But 90% of beginning traders lose money, because they commit these 6 classic mistakes;
- They don’t check chart patterns against other indicators,
- They bet the bank on a single trade,
- They don’t get out of a trade when it goes against them,
- They let their emotions run their trades,
- They don’t create a proper set of trading rules,
- They don’t know how to estimate the risk/return on every trade.
This book will make sure you don’t make those mistakes. Here is just a fraction of the detailed advice you can expect in this book.
- Why “the trend is your friend”
- How long could it take a beginner trader to take their $1k investment and scale up to $10k profit
- The most important trading ratio that successful traders like Vic Sperandeo use to make profitable trades
- The #1 greedy mistake my friend made that you must avoid
- Technical trader Michael Masters claimed a 70% win rate, according to Jack Schrager in Market Wizards—learn how you can too
- Why a “failed” chart pattern might still create a profitable trading opportunity
- How to manage your funds so you don’t bet the bank on a single trade
- These 7 common traps can ruin the success of a lot of beginner traders
- Why this one trader suggest you should “paper trade” for a while before using real money
- Understand why the FOMO mentality is so dangerous. “If you don’t buy it now, you’ll never be able to get into the stock”
- . . . and much, much more.
Plus, you’ll also get our free bonus video masterclass, Charting Simplified Masterclass.
This is not a dense 600-page, theoretical textbook. It’s written in plain English and free from repetitive, technical jargon. You’ll find easy-to-follow advice, plus concrete examples of everything we teach.
Every single piece of financial terminology is clearly defined inside in the Glossary section at the end.
So even if you’ve never read a single trading book in your life. You will immediately understand how to become a successful technical trader.
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