July 2012
Beginner
340 pages
7h 36m
English
book
Trading Secrets: Killer trading strategies to beat the markets and finally achieve the success you deserve, 3rd Edition
by Louise Bedford
Content preview from Trading Secrets: Killer trading strategies to beat the markets and finally achieve the success you deserve, 3rd Edition
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Part IV: Trade management secrets
Chapter 14: GFC victims didn’t use stops
In this chapter, you will learn that:
• The goal of a stop loss is to protect your initial equity, and to protect any profits you have derived by retaining that position. Thousands of people halved their superannuation accounts during the GFC. I guarantee that 99 per cent of them didn’t use stops. If you’re feeling scarred by the past, you’d better switch off the television, silence the phone and lock your door. You need this chapter, or you’ll suffer the consequences.
• There are three main types of stops — an initial stop, a break-even stop and a trailing stop.
• Learning how to set a stop loss is one of the main priorities in becoming an effective trader. Without ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.