Displaying items by tag: trade management
Trading All Markets - Recorded Webinar
Become A Winning Trader - Regardless Of What You Trade
Stock Indices, Currency Futures, Forex, Commodities, and Stocks
Apply What You Learn In This Webinar and Your Trading Successes Have A Potential Rate of 70% - 80% Winning Trades
TRADING TECHNIQUES WORK
The truth is the truth, and it does not change. If it did, it would no longer be truth. The truth is that all markets are a reflection of human emotions, and that market movers take advantage of traders’ reactions to the price movement. It is really no more complicated than that. Our trading techniques and methods work, mainly for two reasons:
We don’t make predictions, but we do make trading decisions based on The Law of Charts™.
Price forecasts in the trading and investment world rarely work. Nevertheless, a majority of traders base their decisions on such forecasts. Our techniques are different. We don’t use forecasts or make predictions, but instead look at charts and read what is in front of our eyes.
Only take trades when we "read" a high probability for prices to move. Using The Law of Charts formations and other chart setups that we have developed during more than five decades of trading. The result is that shortly after entering a trade, the price moves to our first profit objective in 7 – 8 out of ten trades.
We use "Market Dynamics™" to our advantage; that is, understanding WHO move prices, and WHERE, WHY, HOW, and HOW FAR prices move when they do so.
Joe Ross' quotes "Trade what you see, not what you think", and "Get paid to trade" have become well known. Our students trade profitably because they have learned what to see by really understanding the reasons behind price movement. This recorded webinar goes into lessons on Market Dynamics that show how insiders are able to manipulate the market.
The combination of the unique concepts of The Law of Charts™ and of Market Dynamics™ will give you incredible confidence to act, which is even more important than the trading technique itself. These two concepts are changing the paradigms about relative terms such as "failures," "retracements," "support," or "resistance". They actually change your trading life forever.
Message from Joe Ross
"What you learn from this recorded webinar will enable you to not only day trade any market in any time frame, but also to position trade, swing trade, intermediate-term trade, or long-term trade any market, anytime, anywhere in the world, as long as you have a source of data and a way to place orders.
I know that you are bombarded every day with proofs of unmatched trading performance of many self-called trading gurus. Please don’t get trapped into believing everything advertised, regardless of how tempting it may sound. Even if part of those affirmations were true, you still need to have your own trading skills and a certain mindset in order to trade the markets profitably in the long run.
Trading is a business. In this webinar, I teach you how to make sound trading decisions, so that you run your trading life the way a successful businessman runs his own business. You will learn both outstanding trading techniques and how to develop the mindset of a successful trader. The right skills and the right mindset will reinforce each other, and will keep you growing in both areas of development into a successful trader. Their powerful combination will make you trade like a professional, with a rate of 70% - 80% winning trades."
OBJECTIVES
The webinar's objective is to direct you towards becoming a winning trader, regardless of what you trade, in any market, in any time frame, by teaching you:
- the Market Dynamics concept of how to take advantage of the insiders’ actions
- the 5 chart setups that can increase the rate of your winning trades to 70% - 80%
- the Law of Charts™ and how to recognize the best chart formations
- the steps of a complete trading plan, and the trade management rules
- the key technical and psychological components of a defensive trading style
- how to treat trading as a business that you manage properly and enjoy at the same time
CONTENT
We will teach you everything you need to know in order to succeed in trading, by sharing with you all of Joe's experience. He has been where you are now in your trading. He knows your pain. He understands your confusion. Joe Ross has traded actively for more than sixty years.
Important Webinar Modules
1. The Market Dynamics
In this module you discover how markets really work, and who is mainly responsible for moving prices. You will understand why supply and demand has actually such a little impact on price movement, especially in intraday trading. You will learn to discover where the orders are, and what that means to your trading. We will show you how to get an edge in the markets. You will be given examples of insider engineering and ways to recognize the moves by insiders.
It is an absolutely revelatory experience to see, proved on the chart, that the ones who manipulate the markets play their own game over and over again, trading session after trading session. Once you understand and are able to spot their actions, you are ready to reap the benefits and get your profits out of the markets.
By using Joe Ross’ techniques described in Market Dynamics, you will learn WHERE prices are most likely to move next. You will understand WHY prices move when they do so, and why supply and demand have almost nothing to do with these moves. You will find out WHO moves prices, and HOW FAR they are most likely to move them.
What you understand from this module is probably the single most important thing you will ever learn in trading. You will get the knowledge of your role in the market. You will understand why it is important to learn how to “swim along with the sharks” and get fed by doing so, instead of being eaten alive. We will demystify what they teach you at prestigious universities and finance schools about the market roles of “being efficient” and the concept of “price discovery”.
2. Five of the Joe Ross’ favorite setups
You will learn five chart setups that give you clear entry signals and make profits fast. Joe has developed these setups during his more than five decades of trading. By combining the knowledge of Market Dynamics and these powerful setups, you will be able to select some of the best setups that generate very high probability trades. Be prepared for a shock when you see the simplicity and effectiveness of these setups.
3. The Law of Charts™ and The Traders Trick Entry™
In this module, you will benefit from a review of the famous Law of Charts™ and the Traders Trick Entry™, presented in Joe's own unique way that will enable you to read a chart and recognize the best formations of The Law. This skill in itself will increase your chances of selecting very high probability trades.
We'll teach you how to take advantage of the Fibonacci, Gann, and Golden Ratio traders. You will be amused at how he does it, and you will see where the Fib traders make their biggest mistake. You will learn how to take advantage of momentum. In fact, you will learn that you shouldn’t trade unless you see the potential for momentum.
Let us show you insights about so-called breakouts and retracements, and other concepts such as support and resistance, oversold and overbought. You will understand why these terms are just a matter of convenience on how you see and interpret them. They work only until they don’t work anymore, so you will learn how to avoid getting trapped by relying on them in your trading.
4. The step by step complete trading plan
You will learn how to design your own complete trading plan, the same way a businessman makes his own market research and writes a detailed business plan ahead of actually starting a business. All the details are established in advance in the trade planning phase, so that even before you enter a trade you will know what to do in any situation in which you find yourself during the trade.
You will learn how to determine which market to be in, in which time frame to trade, and how many contracts to trade, in accordance with your risk tolerance and your account size. Joe will teach you where to place your stop loss, where to set your profit objectives, and even how to determine at what time of the day you should be trading.
The advantage of having a trading plan is that you will know exactly what to do at any time during the trade, which gives you confidence to act and execute the plan. Confidence to act effortlessly and the results coming from flawless execution of the plan will reinforce each other. You will be able to trade any market in any time frame once you learn the truths Joe teaches: trade stocks, futures, options, or forex.
5. Trade management and general management techniques
You will learn to determine the best trade management method for your personality and style of trading. Trading has to become your own, within your own level of comfort. We will show you how to get there. You will learn to take only the trades "that have your name on them," and feel that trading is an enjoyable endeavor.
Besides trade management, you will learn general management rules and procedures that you have probably never thought of applying to your trading. The personal management is the most important of all, but we'll also take you through the other management areas, such as money management, risk management, and business management.
6. A defensive trading style
Unless you are a financial force in the market, you must learn how to trade defensively. We teach you exactly how to do that. You learn why it is necessary to trade defensively if you want be profitable in today’s markets. You will learn your internal and external enemies, as well as the mistakes you can make and how to avoid them.
Trading is a business, one in which different market participants have different roles. We'll provide you with real examples of market manipulations. You will understand your role, learn with whom you swim in the markets, and what your chances of survival are. You get to understand that your only chance of winning is to trade defensively by using a trading plan and flexible rules.
THE RESULTS = YOUR BENEFITS
After the webinar you will greatly benefit from adapting your personal trading preferences and style to the realities of the markets you wish to trade. You will trade with knowledge of:
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how to set realistic trading objectives based on market characteristics, regardless of news, opinions, "expert" analysis, market theories, or even your own strong human emotions like greed, hope, and fear p>
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the insider knowledge of who move the prices, and where, why, how, and how long prices move when they do move, so that you can take advantage and trade profitably
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how to identify markets, timeframes, and daytime periods when probabilities of trading profitably are favorable to trading; you will also know when the opposite is true, when you must stay away and not trade
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how to establish a complete trading plan that includes planning, identifying powerful setups for entries, and trade management; you will also know how to apply combined techniques for risk management (stop loss placement) and exiting (profit objectives setting)
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the most common traders’ mistakes and how to avoid them
This webinar will give you the realistic perspective of trading as a business. You will know what to do and what to expect so that you can have a long and successful trading career.
INVESTMENT
Many traders lose far more money in a few days than the price of this online webinar. When you trade using the techniques you will learn your losses will be considerably less, and your trading account will continue to grow as you apply what you learn.
$1,499.00
Trading All Markets
Recorded Webinar - $1,499.00
8 Hours and 25 Minutes (7 Part Series)
Orders Filled Within 24-hours*
All Sales Final
*IMPORTANT: Your order will be fulfilled within 24-hours during our regular business hours containing your access information. Please contact us if you did not receive our email. Be sure to check your junk/spam folder before contacting us. All sales are final.
- stock indices
- currency futures
- forex
- commodities
- stocks
- winning trades
- trading techniques
- price movement
- high probability
- price moves
- profitability
- day trade
- position trade
- swing trade
- intermediate term trade
- long term trade
- futures
- ETFs
- stock
- the law of charts
- trading style
- entry signals
- trading plan
- trade management
Trading the Ross Hook
Implementing the Ross Hook into your Trading Style
"What you have in this book, dear reader, is a completely integrated trading methodology for the markets. Not one or two pieces of the puzzle, but rather the Big Picture. This allows the majority of you, for the first time, to become the artist rather than the canvas. I firmly believe that Trading the Ross Hook is the best book ever written on the subject of profitably trading." ~ Dr. Bruce W. Roman
Using his discovery of the Ross Hook as the nucleus for his trading approach, Joe Ross goes beyond his admirable chart-reading abilities to include the pivotal, sine qua non of any successful business endeavor, money and trade management. In this book, Joe puts the light over the often-repeated, yet never operationally-defined trading axioms. Most notably these include, “Cut your losses and let your profits run,” and “Trade only with the trend.”
Trading The Ross Hook reveals Joe’s trading approach, which has enabled him to trade with very low risk, often much lower than you can imagine. It's the essence of almost 60 years of experience in trading. Most surprising of all this approach, which has kept him very safe in the markets, and has also been unusually profitable year in and year out.
It is with diligent study of the concepts presented in this book, that you will be able to incorporate what Joe shows you and make it a part of your way of trading, fitting in with your own style and comfort level.
Trading The Ross Hook Highlights and the Benefits You Receive:
Identifying the Ross Hook, the Trend and Congestions
You learn exactly what Ross Hooks are and see their origins and what causes them to occur. Joe shows you step-by-step how to correctly identify them as there are several “pointy” places on a chart, but not all of them are Ross Hooks. You will learn why Ross Hooks occur only in trending markets and also the conditions in which a Ross Hook is nullified.
Joe will give you the tools and the set of rules, according to which, you can clearly identify whether you are in a trend or in congestion. You will be amazed by these simple rules that have actually worked long before Joe started trading, and are still working today.
Trend Reversals
You will learn what the Reversal Ross Hooks are and how they can help you with spotting trend reversals. Joe has been using a method with great success for spotting a trend reversal by using additional filters. He will teach you the method in great detail, and you will learn the three conditions that must be met in order to enter a trade in the opposite direction of the initial trend.
The Traders Trick, Placing Objectives and Stop Loss Stops
In this module you will find out not only the purpose of The Traders Trick Entry and how you can benefit from it but also what made it so famous. The Traders Trick is designed to beat the insiders at their own game, or at the very least to create a level playing field on which you can trade. Trading is a business in which the more knowledgeable have the advantage over the less knowledgeable.
Joe will show you precisely how the insiders take advantage of what they know, but also the way in which you can profit from what they know, and do in the markets. Joe challenges you to think like you were a large operator, and you want to make the market move sufficiently for you to take a fat profit out of it. You will learn how markets are engineered by the market movers.
Once the market nears the high in an up-move, practically everyone wants to be in on this miraculous move, but this might be their most costly mistake. It is also very important to realize what may be happening when a market approaches a Ross Hook after having been in a congestion area for awhile. Joe will teach you the most insightful actions you can take in order to profit from both such situations. All these are illustrated with several charts as examples.
Filtering the Ross Hook in Several Ways
Joe teaches you how to get the overall picture of the markets. You will filter out many intraday trades simply because your view of the market shows you that there are better candidates for a winning trade somewhere else. The work necessary for conservative filtering is in itself a filter that you are going to incorporate in your trading style and routine.
Bottom line, you must select the best of the best trades in order to be successful in the markets. You will learn how to create your checklist that asks specific kinds of questions that prepares you for your trading day. Joe shows you various techniques for filtering, including usage of his famous Envelope but also some of the more popular studies like Stochastic and Bollinger Bands.
Money, Trade and Risk Management
Most traders lump together all these three notions as money management. They are actually separate entities and Joe will teach you how to treat them as such. You need to have a clear trade management strategy to know what kind of entry orders to use and how to place them. You will then learn how to place stop orders, both protective and objective, and your final exit order.
Joe will show you risk management strategies and tactics for covering costs, position sizing, and risk and loss minimization. You will know how to time your trade and what to expect from it. You will not lose more per contract than you can comfortably afford when trading the Ross Hook. You will be able to utilize the Ross Hook for day trading, position trading, swing trading or all three, regardless of the time frame you trade.
Words to the Wise
It is important to be realistic about your trading if you want to have a trading business. Joe emphasizes the importance of being properly capitalized and what exactly that means. Having access to intraday live data is also required but that is not all: you must also accommodate your time and your life style for trading.
Chapter after chapter, and example after example, show you how his students are successfully trading Ross hooks using simple studies that can be found in most trading software packages. Then you see how Joe personally trade hooks, using chart reading, without technical indicators or technical analysis of any kind.
This Book has Become a Classic in the Field of Trading
"This is by far the best book I've read about trading. And I have many books by some of the best known, so-called "experts". The author takes you step by step through a trading methodology called the "Ross Hook". There is no "fluff". Only real life, usable information. I really learned a lot from reading the sections on trade management. What an eye opener! I highly recommend this book to anyone who is tired of all the hype and misleading advertising that is done in this industry, and wants a real trading system to work with. It is very refreshing to read a book on trading that actually shows you, in precise detail, how to trade. Forget about vague and general "rules". You will learn techniques that you can take to the bank!” ~ Mark H.
"The most comprehensive book Joe Ross has ever written. A completely integrated trading methodology for the markets, with the "Ross Hook" discovery as the nucleus for his approach. Gives the "Big Picture," not one or two pieces of the puzzle.” ~ windsorpublishing.com
"This book gives a detailed and accurate method to trade any market and if followed can save much heartache. No fancy mathematical confusion. Just read the pattern and practice seeing the patterns forming. After more than ten years of reading about trading Joe's method distills the very essence of chart reading for practical application." ~ J. Potts, Australia NSW
$175.00
Trading the Ross Hook Hardback Book
Dimensions: H 11 1/4" x W 8 5/8"
365 pages and over 200 illustrations
30-day Money Back Guarantee*
Hardcover only
*If you aren't absolutely thrilled with Trading the Ross Hook, just send it back within 30 days and we'll refund 100% of your purchase price (less s&h).
- trading methodology
- trading the ross hook
- chartreading abilities
- trade management
- trading approach
- trend
- congestions
- trending markets
- trend reversals
- trend reversal
- traders trick entry
- ross hook
- profit
- charts
- money management
- risk management
- day trading
- position trading
- swing trading
- properly capitalized
- short term trading
- ETFs
- stocks
- futures
- forex
- Long Term Trading
Day Trading
A Complete Day Trading Course in One Book
"Joe and I have been friends for some time. We have collaborated on trading techniques, so I know of his dedication to the market. But in this book we see the other side of Joe -- the instructor of the grand style. He is teaching us "How to Fish." ~W. E. Dalton, MD
This book is a must-read for every serious day trader. It's the essence of Joe Ross' experience of well over five decades of trading the international markets. Although the focus is on day trading, it teaches you methods and concepts that are applicable in position trading as well.
Many traders fail because of a wrong mindset and the fact that they don't know where to start or what to expect as an outcome. This could be the most important book you’ll ever read. Joe has organized it in a clear, step-by-step manner. Instead of being overwhelmed, you'll have a clear trading plan. You'll know exactly where to start, what to do next, and where you can realistically expect to end up.
Day Trading Highlights
Chart Reading
This covers what you need to know about the "Law of Charts" and the simple tricks of how to use it in your trading. "A chart is a chart is a chart." The immediate psychology of a market is reflected in the price action. You don’t really need any indicators. We'll show you how a bar chart can reveal very powerful price patterns when you understand the proper interpretation and implementation.
Identifying Congestions and Trend Finding
In trading, it is equally important to be able to recognize congestion at the earliest possible time, and to identify a trend before everybody else sees that it is happening. We call it "identifying a trend while it is still in the birth canal," and shows you several methods of doing just that.
Markets are in congestion areas much longer than they are in trends. The early parts of the book center almost entirely around congestion areas, which may be seen on any chart in any time frame. Later in the book, the concepts and the techniques taught center around trending formations.
Let us show you how to spot the very beginning of a trend, and how to successfully enter existing and established trends. You will see and learn very simple and basic ways to trade. The main features of our methods show you early in the game what might happen next, and thus gets you on board a trend while it is "still in the birth canal."
Your own Trading Plan
You will find out if day trading is or is not suitable for you. It takes certain character traits and certain trading techniques to be a successful day trader. We'll described these, and also how you should combine them so that you write and follow your own trading plan. You will understand why you must want it your way, and why you should take only trades that "have your name on them."
The trading plan includes all the preparation and the actions you will take, such as: establishing entries, all potential orders, setting alerts, accommodating for gap openings, and, if you are filled, what you do until the exit of all your contract sets.
Trading Mindset
In Joe's unique way, he shows you how your own mind can help you become a successful trader or can break you apart. Trading is mainly a psychological endeavor, and the way you perceive the markets, coupled with your emotional reactions, actually determine your success or failure as a trader. It's simple advice to anyone who wants to trade: work to learn how to understand price movement.
By using powerful real life examples, we can demonstrate why trading has to be simple, despite the example of most traders who are in a never-ending search for complicated methods. Also, demystifying several relevant, but confusing concepts, such as those of "support and resistance," "oversold and overbought," and some of the overly used indicators that are not needed in order to trade profitably.
Entry Signals
We reveal major, minor, and intermediate intraday trading signals showing you exactly what they are, and explain why they are important. When you day trade, you want explosive moves after your entry. It is therefore crucial to scale down entry signals based on different time frames so that you get the greatest magnitude of movement once in the trade. This is a unique approach that has been developed and refined over decades of trading.
Searching Out the Best, and Trade Filtering
One of the most important things that any trader can learn to do is to identify the best trades. These can differ from one person to another because we see trades differently, and not everyone trades in the same way. But everyone can learn to recognize what happens in the markets that result in successful trades. Then the trick is to stick to it like glue - until it stops working.
We'll show you exactly what to be comfortable with, while keeping your trading as your own. Examples going into full details of how you should see the whole trade setup, how to think, and select the trades, so that you can adapt that knowledge to your own comfort level.
Let us explain how a trading filter serves several purposes. You will learn how to use a trading filter to calibrate your stop, and to avoid false breakouts as well. You will be able to anticipate breakouts, and thus get into the trade earlier than you might otherwise have done.
Risk and Money Management
We will show you one of the finest points of Joe Ross' trading: his philosophy of money and risk management. These two concepts overlap, and yet they are different. Risk management says "I can afford to risk only so much," while money management asks "What can I expect to make for the risk I have taken?" You will understand why he says that trading is a business and why, the sooner one treats it that way, the sooner one will become a winner.
Placing Stops
The most frequent question we have been asked at Trading Educators is "Where do I put my stop?" Stop placement is a function of a number of variables. There are three kinds of stops: protective, objective, and time stops. It is vital to understand the role of each of these stops and to use them accordingly within your own trading plan.
Unfortunately, most traders place stops where they don’t make any sense, such as at a certain percentage away from the entry. We'll teach you how to place your stops in a practical manner that takes into consideration both technical factors and your own comfort level.
Brokers and Commissions
There is nothing more important in day trading than to have a responsive, accurate, reliable broker handling your account. Offering you several real-life examples of our experiences with brokers that will really make you think. He helps you consider all the vital factors such as commissions, margins, speed of execution, and reliable customer service when you desperately need it.
You will understand why brokers are in this business. You really need to know how to take advantage of your broker’s strengths, and how to avoid losing money because of their weaknesses. You will learn how to choose a reliable broker and build a solid relationship with him or her, one that works well for you.
E-Mini S&P 500 Trading
We dedicate a section to traders who like to day trade the E-Mini S&P 500, but starts it with a word of caution: we have seen too many otherwise good traders destroyed by trading the five-minute chart in the S&P E-Mini. Getting into the E-Mini is like stepping into the ring with a rattlesnake: you can be bitten quickly, and when you least expect it.
We will show you several examples, so that you realize that trading with the short term charts requires making decisions quickly. You have plenty of examples of preparation for the trading session, entry signals, and trade management. You learn why you don’t have to trade too often and too much, especially when trading the E-Mini. We'll also show you why trade selection is in large part responsible for trading it successfully.
g>Forex Trading
You will learn what Forex is, why it exists, and the main terms that characterize a forex trading account. We then tell you the most important things you need to know about forex regulation and brokers. You need to know the concepts and the realities of how a bucket shop operates, about the leaning and skewing of prices, as well as the myths of "free streaming data" and the "guaranteed fills".
There is a full chapter dedicated to a forex method that Joe Ross uses. You will learn in detail the 19 rules of the method, and be guided through preparation, entry, risk management, and profit management. There are several chart examples and detailed instructions accompanying each rule.
Day Trading and Position Trading
At the beginning of the book, Joe takes you through the definition of day trading, and compares it with position trading. We'll show you the similarities and the differences between the two. You learn the advantages and the disadvantages of each of them. You discover the benefits of one over the other. But most importantly, you learn that "a chart is a chart is a chart," and that's why the techniques and the concepts shown in this book work in both day trading and position trading.
Day Trading is a complete revision of Joe's classic Trading by the Minute, one of the most popular books on intraday trading ever written. It has become a classic in its time. This revised book is a day trading course that is a "must read" for online day trading.
If you are an online electronic day trader, you will refer to this book time and time again. Joe has taught thousands of people how to day trade.
Commonly Asked Question
What's the difference between the Day Trading book, the Day Trading E-Mini S&P 500 eBook, and the Day Trading Forex eBook?
The Day Trading hardback book is a full-sized textbook that is loaded with lessons, examples taken from real trades, and reveals many concepts to succeed at trading. The Day Trading E-Mini S&P 500 eBook teaches you how to day trade in almost any market, along with some concepts that go beyond what is in the Day Trading book, and focuses specifically on the E-Mini S&P 500. The Day Trading Forex eBook teaches concepts that are not in the other two products; it can be used in a variety of markets, but focuses on Forex.
Learn Master Trader Joe Ross' Tricks and Inside Information from this Book
"I would recommend Joe's book on day trading to anyone interested in learning about this subject and wants to hear about it from someone who practices what he preaches. It is apparent from the book that Joe knows the reality of trading markets rather than the theory. I have recently assessed my trading for the last 3 months and am beginning to (at last!) turn in a profit. This is due partly to the help given in this book. Thanks Joe!" ~Jon Martin
"This is a WONDERFUL exposition of what it takes to be successful in the trading profession. Rich in its descriptions of proper ATTITUDE, THOUGHT PATTERNS, and SELF-KNOWLEDGE --- all of them the keys to profit. Just as valuable is Joe's placing indicators, high-powered math, statistics, and complex theory in their proper perspective, namely that they are typically DISTRACTIONS rather than aids, in comparison to learning THE DETAILS of price action. In the same vein, Joe emphasizes the value of DISCRETIONARY trading compared to MECHANICAL trading, making the point that since all markets change over time, sooner or later a rigid, inflexible system not being able to adapt, will fail." ~Bill Schenker
$150.00
Dimensions: H 11 1/4" x W 8 5/8"
327 pages
30-Day Money Back Guarantee*
Hardcover Only
*If you aren't thrilled with Day Trading, just send it back within 30 days and we'll refund 100% of your purchase price (less s&h).
- markets
- income
- options trading education
- stock market
- day trading
- trading techniques
- position trading
- bar chart
- congestions
- trend finding
- identify trends
- trading plan
- setting alerts
- price movement
- intraday trading signals
- identify best trades
- risk management
- money management
- placing stops
- stop placement
- emini s&p 500 trading
- trade management
- forex
- forex trading
- trading logic
- traders trick entry
- entry signals
The Stop Placement that Makes Sense
"The question I am most consistently asked is "Where do I put the stop?" Therefore, this eBook is about stop placement. Most trading books and articles you read concentrate on entry. This book concentrates on exit. Knowing when to get out of a trade is vastly more important than is getting into a trade." ~ Joe Ross
If you place your stop a certain number of ticks or pips distant from your entry point, or a certain distance from your entry using a percentage basis, you probably are placing your stop in the wrong place. If you place your stop a certain dollar amount from your entry, below "support," above "resistance," or based on a chart pattern, we know you are upside-down in stop placement. Please believe us, there are much better ways! Joe Ross wrote this eBook "Stopped Out" in order to show you four specialized ways for stop placement. Every single one of them is based on reality. Your stops will rarely be where everyone else puts theirs. Your stops will be unique to you, based on your personal risk tolerance, in conjunction with the risk in the market.
One very important thing: the techniques contained in this eBook apply to all markets — stocks, futures, forex, bonds, contracts for difference, spread-betting, and derivatives, regardless of where they are traded, or by which means they are traded. Like everything else we offer, this material is top quality and is profusely illustrated with charts in order to save thousands of words.
Highlights
Exit Stops that Make No Sense
You don’t need to become angry if you have used a kind of stop placement method that makes no sense, just avoid using it in the future! We demonstrate with charts why nonsensical stops will only get you into trouble.
Famous trading advisories tell traders to use a 25% stop loss. Others tell traders to use a 15% stop loss. Why? We‘ve heard traders say something like the following: "I always place my stop 15 units away from my entry." But why? Other traders say "I will risk $300 on a trade." But really, why $300? Yet other traders place their stops above resistance, or beneath support. Have you ever seen prices drop through support like a steel ball in a vacuum? Haven‘t you ever seen prices shoot up through resistance like a rocket on its way to the moon?
Stop placement must take into consideration the realities of the markets. It also has to take into consideration your financial tolerance for loss. In this book, discover ways to allow the market itself to tell you where to place the stop. More than that, the market itself can give you an amount that fits your financial tolerance for loss.
Sensible Exit Stops
You will learn about three specialized exit stops which can be used for your initial stop loss as well as for trailing stops. They all take into consideration the dynamics of the markets. You will also be introduced to a stop technique that enables you to stay in a long-term trend much longer than most traders dare stay in.
We'll show you a wonderful and accurate method for stop placement that can be used from as little as a one-minute chart to a monthly chart, and every conceivable time frame in between. You will learn a stop technique that enables you to successfully stay in medium-term trends and swings. It is a truly powerful stop placement method which is fully adjustable to your personal risk tolerance.
A Method for Staying with a Long-Term Trend
This chapter goes into a method for staying with a long-term trend even during the time of a major retracement. How long? It can be 1 month, 6 months, or up to ten years. How many traders do you know who have ridden a trend for 10 years?
One of the great lessons of trading is that you "can‘t have your cake and eat it, too". If you want to be a long-term trader using this tool, you accept the trade-off that, by keeping you in a trade for a longer time than most traders would normally endure, you give up being able to exit closer to the extreme level of the move that prices make. You learn the lesson of giving up the first and last 10% of a major move, and being happy with the rest of the 80%.
A Unique Method to Optimize Taking the Available Profits
The idea of exiting a winning trade in a timely manner is basic to success. After all, if you can't take the money off the table while it is there, you cannot succeed at trading. However, not all traders have the mental and emotional discipline to exit a trade on time, so this method offers a technically based method for stop placement.
A Method that Uses Volatility to Your Greatest Advantage
There will be no more guessing with this tool, because you will know exactly which time frame to be in. It will even tell when you shouldn’t trade at all. It keeps you out of markets and time frames you should avoid.
You’ll discover the settings Joe uses for this pure volatility indicator, but you are free to choose your own. With this stop placement technique, you will be able to personalize both your risk and your objective for every trade. That’s true! Imagine yourself being able to not only fine-tune your stops, but being able to fine-tune your objectives as well.
A Comprehensive Stop Placement / Trade Management Device - "The proof is in the pudding"
You will discover the most comprehensive stop placement/trade management device you have ever seen. It was created for our own use. Before trading, wouldn't you like to know exactly what your chances of winning?
You learn how to create your very own worksheet with which you can see how your own trading implementations are working. Once you get the feel of the work done to produce the worksheet, your understanding of how to manage risk, stop placement, and objectives will skyrocket.
We give you full exposure to how we use this trade management worksheet to trade 46 real trades in the euro. You will see how he sets up and organizes the necessary data, and then we'll show you what you should include in yours.
$167.00
Stopped Out!
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*IMPORTANT: Your order will be fulfilled within 24-hours during our regular business hours containing your access information. Please contact us if you did not receive our email. Be sure to check your junk/spam folder before contacting us. All sales are final.
Day Trading Strategy with E-Mini S&P 500 eBook
"Day trading the E-Mini can be a full-time career for any trader; if you are going to day trade, you may need nothing more than the E-Mini. In this eBook, Joe Ross shows you a better, most sensible approach to day trading the E-Mini, based on my own trading experience." ~ Joe Ross
The E-Mini has become the premier market for day trading by retail traders and can be a full-time career for any trader. Day Trading the E-Mini S&P 500™ eBook introduces techniques and methods for day trading the E-Mini S&P 500 futures developed by Joe Ross. After you absorb these lessons additional trading education is available via books, webinars and private tutoring to become a profitable E-Mini day trader!
What do you need to get started with E-Mini trading? For the most part, all you need is a set of charts. No technical studies for trading this market are needed. By the third or fourth bar inclusive of and following the opening, you can sit back to enjoy the fantastic trading patterns made by the E-Mini as it marches towards its session close. Find these secrets in the Day Trading the E-Mini S&P 500™ eBook.
The Day Trading the E-Mini S&P 500™ eBook will teach you:
- Preparation – plan for success
- Steps to prepare each day for when the market opens.
- What considerations to look for early.
- How to think like a “market mover” and see through the charts.
- Set healthy expectations and use sound trade management.
- Expectations – the right mindset is crucial
- Learn to understand market situations.
- Learn to form healthy expectations from each day and situation.
- Learn when to trade and when to stay away.
- Tools of the trade – execute trades successfully
- Chart reading – learn how to read charts and understand reasons prices are moving.
- Trade selection – review the trading session and entry signals. Successful day trading strategy relies largely on trade selection.
- Trade management - learn how to set objectives and how to set protective stops, including how to know when to exit immediately.
- Timing – is everything
- Morning – learn when to leverage E-Mini trading in the morning.
- Afternoon – learn when to leverage E-Mini trading in the afternoon.
- Slow Times – learn what to do when markets become slow.
- Trading without indicators – is entirely possible
- Learn to trade with or without indicators on charts.
Take a Sneak Peek at topics included in Day Trading the E-Mini S&P 500™ eBook with the Table of Contents.
"Joe, I'm very glad that you spent the time to write a new actualized book on how to day trade the E-Mini. It reveals new insights on how to analyze that market and especially important on how to manage the trade properly. In my opinion it's a very helpful supplement to your hardbound Day Trading Book you wrote some years ago. I read all your books you wrote in the past regarding trading futures and I never regretted it. In fact, I learned so much from it I'd never had learned anywhere else. So, your eBook is no exception - great insights and extremely useful for becoming a successful trader. That eBook isn't for the shelve but really for the daily use on my trading desk!" ~ Stefan N., Germany
"Joe's approach is simple, straightforward and, most of all, it works. I've taken the same approach and applied it to forex and it works! I've purchased all of Joe's trading books and have never regretted a single purchase." ~ Chris H., Japan
"It’s good solid information...just as you would expect from Joe." ~ Alan B., France
"Just fabulous! Thank you so much Joe. After 3 years of trading, I'm finally coming out of the wilderness. I now understand exactly where I was going wrong. SO simple, but yet so difficult to see without Joe's help." ~ Eloise G., Australia
$127.00
Day Trading the E-Mini S&P 500™ eBook
Orders Filled Within 24-Hours*
All Sales Final on Digital Products
*IMPORTANT: After your order has been verified, an email will be sent within 24-hours during our regular business hours containing your access information. Please contact us if you did not receive our email. Be sure to check your junk/spam folder before contacting us. All sales are final.