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Home > Business & Economics > Investments & Securities > Millionaire Traders: How Everyday People Are Beating Wall Street at Its Own Game
Millionaire Traders: How Everyday People Are Beating Wall Street at Its Own Game
by Lien, Kathy
 
 
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Millionaire Traders: How Everyday People Are Beating Wall Street at Its Own Game
Millionaire Traders

Trading is a battle between you and the market. And while you might not be a financial professional, that doesn't mean you can't win this battle.

Through interviews with twelve ordinary individuals who have worked hard to transform themselves into extraordinary traders, Millionaire Traders reveals how you can beat Wall Street at its own game.

Filled with in-depth insights and practical advice, this book introduces you to a dozen successful traders-some who focus on equities, others who deal in futures or foreign exchange-and examines the paths they've taken to capture considerable profits.

With this book as your guide, you'll quickly become familiar with a variety of strategies that can be used to make money in today's financial markets. Those that will help you achieve this goal include:

Tyrone Ball: trades Nasdaq stocks almost exclusively, and his ability to change with the times has enabled him to prosper during some of the most treacherous market environments in recent history

AShkan Bolour: one of the earliest entrants into the retail forex market, he trades in the direction of the major trend, rather than trying to find reversals

Frank Law: a technician at heart, identifies a trading zone, commits to it, and scales down as long as the zone holds

Paul Willette: has mastered a method that allows him to harvest some profits right away, while ensuring that he can still benefit from an occasional extension run in his favor


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Title of ebook: Millionaire Traders: How Everyday People Are Beating Wall Street at Its Own Game
ISBN: 9780470178690
parent-ISBN: 9780470049471
Publisher: John Wiley & Sons, Inc.
Internet download file size: 1618 kb
Pages: 416
Published: 09-2007
Released online for download: 09-10-2007
Author of eBook: Lien, Kathy
Author: Schlossberg, Boris
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Millionaire Traders

How Everyday People Are Beating Wall Street at its Own Game

Chapter One

THE ART OF TRADING

It ain't about how hard you hit, it's about how hard you can get hit and keep moving forward. That's how winning is done! -Rocky Balboa

Trading is a battle between you and the market. The traders we interviewed for this book have offered a wealth of insight into the art of trading. We have distilled their most important ideas into this short summary highlighting one unique idea from each trader that can help you succeed in your battle with the markets.

1. IF THE NEWS IS GOOD BUT THE STOCK PLUMMETS, BUY THE CRASH

Buying crashes is not for the faint of heart. For many traders, the experience is akin to jumping out of a plane without a parachute. Yet Dana Allen has made his living doing just that. How does he profit from other trader's losses? By looking for tell-tale signs of dive ... read full excerpt from Millionaire Traders: How Everyday People Are Beating Wall Street at Its Own Game ebook



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