{"product_id":"trading-basics-isbn-9781118464212","title":"Trading Basics","description":"\u003cb\u003eComprehensive coverage of the four major trading styles\u003c\/b\u003e  \u003cp\u003eEvolution of a Trader explores the four trading styles that people use when learning to trade or invest in the stock market. Often, beginners enter the stock market by:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eBuying and holding onto a stock (value investing). That works well until the trend ends or a bear market begins. Then they try\u003c\/li\u003e \u003cli\u003ePosition trading. This is the same as buy-and-hold, except the technique sells positions before a significant trend change occurs.\u003c\/li\u003e \u003cli\u003eSwing trading follows when traders increase their frequency of trading, trying to catch the short-term up and down swings. Finally, people try\u003c\/li\u003e \u003cli\u003eDay trading by completing their trades in a single day.\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eThis series provides comprehensive coverage of the four trading styles by offering numerous tips, sharing discoveries, and discussing specific trading setups to help you become a successful trader or investor as you journey through each style.\u003c\/p\u003e \u003cp\u003e\u003ci\u003eTrading Basics\u003c\/i\u003e takes an in-depth look at money management, stops, support and resistance, and offers dozens of tips every trader should know.\u003c\/p\u003e \u003cp\u003e\u003ci\u003eFundamental Analysis and Position Trading\u003c\/i\u003e discusses when to sell a buy-and-hold position, uncovers which fundamentals work best, and uses them to find stocks that become 10-baggers—stocks that climb by 10 times their original value.\u003c\/p\u003e \u003cp\u003e\u003ci\u003eSwing and Day Trading\u003c\/i\u003e reveals methods to time the market swings, including specific trading setups, but it covers the basics as well, such as setting up a home trading office and how much money you can make day trading.\u003c\/p\u003e \u003cp\u003ePreface ix\u003c\/p\u003e \u003cp\u003eAcknowledgments xv\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 how to retire at 36 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter Checklist 4\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Money Management 7\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTrading: How Much Money, Honey? 8\u003c\/p\u003e \u003cp\u003eOrder Types: Read the Fine Print! 10\u003c\/p\u003e \u003cp\u003ePosition Sizing: My Story 12\u003c\/p\u003e \u003cp\u003ePosition Sizing by Market Condition: Bull or Bear? 13\u003c\/p\u003e \u003cp\u003eHow Many Stocks to Hold? 15\u003c\/p\u003e \u003cp\u003eA Better Way? Portfolio Composition 16\u003c\/p\u003e \u003cp\u003eHold Time: How Long is Long Enough? 18\u003c\/p\u003e \u003cp\u003eHold Time: My Trades 19\u003c\/p\u003e \u003cp\u003eThe Money Management Matrix 19\u003c\/p\u003e \u003cp\u003eShould You Scale into Positions? 21\u003c\/p\u003e \u003cp\u003eAveraging Down: Throwing Away Money or Smart Choice? 28\u003c\/p\u003e \u003cp\u003eScaling Out of Positions: A Profi table Mistake? 31\u003c\/p\u003e \u003cp\u003eDollar‐Cost‐Averaging: Good or Bad? 34\u003c\/p\u003e \u003cp\u003eUsing Leverage: An Expensive Lesson! 35\u003c\/p\u003e \u003cp\u003eLeverage Guidelines Checklist 36\u003c\/p\u003e \u003cp\u003eChapter Checklist 37\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Do Stops Work? 41\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat is Hold Time Loss? 42\u003c\/p\u003e \u003cp\u003eMental Stop: For Professionals Only! 44\u003c\/p\u003e \u003cp\u003eMinor High or Low Stop: A Good Choice 45\u003c\/p\u003e \u003cp\u003eSquaring Off Round Numbers 46\u003c\/p\u003e \u003cp\u003eChart Pattern Stop: Too Costly? 47\u003c\/p\u003e \u003cp\u003eStopped by a Moving Average 47\u003c\/p\u003e \u003cp\u003eThe Truth about Trendlines 48\u003c\/p\u003e \u003cp\u003eTrendline Stop 49\u003c\/p\u003e \u003cp\u003eFibonacci Retrace Stop: Deal or Dud? 50\u003c\/p\u003e \u003cp\u003eFixed Percentage Trailing Stop 53\u003c\/p\u003e \u003cp\u003eVolatility Stop 53\u003c\/p\u003e \u003cp\u003eChandelier Stop Leaves You Hanging 55\u003c\/p\u003e \u003cp\u003eTesting Six Stop Types 55\u003c\/p\u003e \u003cp\u003eWhat I Use 59\u003c\/p\u003e \u003cp\u003eChapter Checklist 61\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Support and Resistance 63\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTypes of Support and Resistance 64\u003c\/p\u003e \u003cp\u003eMeasured Move Support and Resistance 65\u003c\/p\u003e \u003cp\u003eMinor High Resistance 66\u003c\/p\u003e \u003cp\u003eVolume at Minor High Resistance 67\u003c\/p\u003e \u003cp\u003eMinor Low Support 67\u003c\/p\u003e \u003cp\u003eVolume at Minor Low Support 68\u003c\/p\u003e \u003cp\u003eMinor High Support 68\u003c\/p\u003e \u003cp\u003eMinor Low Resistance 69\u003c\/p\u003e \u003cp\u003eGaps Showing Support and Resistance 70\u003c\/p\u003e \u003cp\u003eMyth: Tall Candle Support and Resistance 70\u003c\/p\u003e \u003cp\u003eHorizontal Consolidation Regions 71\u003c\/p\u003e \u003cp\u003eAnother Look at Round Numbers 72\u003c\/p\u003e \u003cp\u003eSupport in Straight‐Line Runs 72\u003c\/p\u003e \u003cp\u003eResistance in Straight‐Line Runs 74\u003c\/p\u003e \u003cp\u003eSAR Summary 75\u003c\/p\u003e \u003cp\u003eChapter Checklist 76\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 45 Tips Every Trader Should Know 79\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDetermining Stock or Market Direction 97\u003c\/p\u003e \u003cp\u003eFinding the Market Bottom 102\u003c\/p\u003e \u003cp\u003eVisual Tips 122\u003c\/p\u003e \u003cp\u003eChapter Checklist 130\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Finding and Fixing What is Wrong 135\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Was the Market Behavior? 136\u003c\/p\u003e \u003cp\u003eWas the Industry Trending? 137\u003c\/p\u003e \u003cp\u003eHow is the Timing? 139\u003c\/p\u003e \u003cp\u003eAre All Entry Conditions Met? 142\u003c\/p\u003e \u003cp\u003eWas the Position Size Proper? 144\u003c\/p\u003e \u003cp\u003eWas an Initial Stop Used? 144\u003c\/p\u003e \u003cp\u003eDid You Exit Before the Stop? 145\u003c\/p\u003e \u003cp\u003eWhat Was the Risk\/Reward Ratio? 146\u003c\/p\u003e \u003cp\u003eDid You Average Up? 147\u003c\/p\u003e \u003cp\u003eDid You Average Down? 147\u003c\/p\u003e \u003cp\u003eAre You Buying Out of Season? 148\u003c\/p\u003e \u003cp\u003eTrading Checklist 149\u003c\/p\u003e \u003cp\u003eChapter Checklist 151\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 What We Learned 153\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 1: How to Retire at 36 153\u003c\/p\u003e \u003cp\u003eChapter 2: Money Management 153\u003c\/p\u003e \u003cp\u003eChapter 3: Do Stops Work? 155\u003c\/p\u003e \u003cp\u003eChapter 4: Support and Resistance 156\u003c\/p\u003e \u003cp\u003eChapter 5: 45 Tips Every Trader Should Know 157\u003c\/p\u003e \u003cp\u003eChapter 6: Finding and Fixing| What is Wrong 161\u003c\/p\u003e \u003cp\u003eVisual Appendix of Chart Patterns 163\u003c\/p\u003e \u003cp\u003eBibliography 169\u003c\/p\u003e \u003cp\u003eOther Sites of Interest 171\u003c\/p\u003e \u003cp\u003eAbout the Author 173\u003c\/p\u003e \u003cp\u003eIndex 175\u003c\/p\u003e  \u003cp\u003e“The three books in this series were written for people unfamiliar with the inner workings of the stock market, but will still curl the toes of professionals, too. Research is used to prove the ideas discussed, but is presented in an easy to understand and light-hearted manner. You will find the books to be as entertaining as they are informative and packed with moneymaking tips and ideas. Use the ideas presented here to hone your trading style and improve your success. Whether you are a novice who has never purchased a stock but wants to, or a professional money manager who trades daily, these books are a necessary addition to any market enthusiast’s bookshelf.”\u003cbr\u003e —\u003cb\u003eAlan Battista\u003c\/b\u003e, Stockineer.com Book Review\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eTHOMAS N. BULKOWSKI\u003c\/b\u003e is a successful investor with thirty years of experience in the stock market. He is also the author of the Wiley titles \u003ci\u003eEncyclopedia of Candlestick Charts, Encyclopedia of Chart Patterns, Getting Started in Chart Patterns, Trading Classic Chart Patterns,\u003c\/i\u003e and \u003ci\u003eVisual Guide to Chart Patterns\u003c\/i\u003e. Bulkowski is also a contributor to \u003ci\u003eActive Trader\u003c\/i\u003e, \u003ci\u003eTechnical Analysis of Stocks \u0026amp; Commodities\u003c\/i\u003e, and other publications worldwide. Before earning enough from his investments to retire from his day job at age 36, Bulkowski was a hardware design engineer with Raytheon and a senior software engineer for Tandy Corporation.   \u003c\/p\u003e\u003cp\u003eHow you trade or invest in the stock markets depends on market conditions. Buying and holding on to a stock during a bear market can mean a substantial decline in net worth. Day trading when the markets are soaring can add to stress unnecessarily. Thomas Bulkowski discusses the evolution of a trader from buy-and-hold to position trading, swing trading, and day trading in his hotly anticipated series of how-to guides, \u003ci\u003eEvolution of a Trader.\u003c\/i\u003e \u003c\/p\u003e\u003cp\u003eThe first book in the series,\u003ci\u003e Trading Basics,\u003c\/i\u003e is a practical introduction to the art and science of stock trading. The book discusses money management, a topic so often overlooked in financial works. How do you size a position properly? How many stocks should a portfolio hold for proper diversification? Should you scale into or out of positions? Do dollar-cost-averaging and averaging down work? He answers these questions and more. \u003c\/p\u003e\u003cp\u003eChoosing the correct type of stop can mean the difference between success and failure, profit and loss. Learn why stop-loss orders cut profit more than they reduce risk. Sometimes, stops are best left unused because they cash you out of potentially winning trades prematurely. \u003c\/p\u003e\u003cp\u003eBulkowski discusses a half-dozen types of support and resistance, then he measures and compares their effectiveness. If you can determine where a stock is going to reverse because of overhead resistance or underlying support, then the riches on Wall Street can be yours. His research is a gold mine of information waiting to be unearthed. \u003c\/p\u003e\u003cp\u003eHe discusses forty-five tips that every trader should know. Have you heard of the 2B rule? Or how about trading busted chart patterns? Does divergence in the RSI indicator really work or have today's markets made it obsolete? Bulkowski offers tips on finding the market direction, determining when the market has bottomed, and over a dozen tips on when to sell. \u003c\/p\u003e\u003cp\u003eHe wraps it all up by helping you diagnose trading problems. Are you entering or exiting your trades too early or too late? Did you average up? Are you buying out of season? \u003c\/p\u003e\u003cp\u003eBulkowski's work sets an example of how financial books should be written. He doesn't just repeat what others have said. Rather, he investigates and researches his facts before teaching the reader in an entertaining and informative style that is accessible to the beginner and the professional. Anyone investing or trading the markets can benefit from this series\u003ci\u003e.\u003c\/i\u003e\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990402121957,"sku":"NP9781118464212","price":79.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781118464212.jpg?v=1761787684","url":"https:\/\/k12savings.com\/es\/products\/trading-basics-isbn-9781118464212","provider":"K12savings","version":"1.0","type":"link"}