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- Wiley
More About This Title Trading as a Business
English
Trading as a Business: The Methods and Rules I've Used To Beat the Markets for 40 Years gives you a behind-the-scenes look at how Dick Diamond has become a successful independent trader for more than four decades. This vital resource reveals Diamond's methods for analyzing the market and knowing the right time to get in and out of trades. With this book in hand, you'll be able to tap into Diamond's strategy of 80/20 trading which offers an 80% chance of making a winning trade. Diamond also includes his six statistics that are critical for determining where the stock market is headed.
This book is written for anyone who wants to learn the methods, tools, and techniques that will transform them from an ordinary investor into a trading force in the marketplace. Once you master the trading secrets from Dick Diamond, you will have the ability to make money in a business where you call the shots.
- Filled with Dick Diamond's trading secrets for beating the market
- Includes a wealth of trader strategies including Diamond's 80/20 technique
- Discover how to identify and take advantage of the market's buy and sell zones
- Learn what it takes to become an independent trader who makes money over the long-haul
Break free of your old trading habits and discover Dick Diamond's tools and techniques for financial freedom.
English
English
Foreword ix
Robert Prechter
Preface xi
Acknowledgments xiii
CHAPTER 1 My Life as a Trader 1
Trading as a Business 5
CHAPTER 2 Emotional Discipline 9
Why Traders Fail 11
Core Position and 80/20 Trades 12
The Emotions of Trading 13
The Importance of Commitment 15
CHAPTER 3 Principles of Successful Trading 17
Trade within Your Capital 17
Quiet Confidence 18
Sell Too Soon, Not Too Late 19
Take Personal Responsibility for Your Trading 21
Wait for 80/20 Trades 21
Play Great Defense 22
Pull the Trigger 22
Opinions Are for Pundits, Not Traders 23
Strictly Follow Technical Data 23
Market Entry Tactics: Use Limit Orders, Buy/Sell Zones, and Position Scaling 24
Use Defensive Stops 24
Track Your Results 25
Managing Your Trading Account 25
Take Advantage of Market Conditions 26
Review the Rules Every Week 27
CHAPTER 4 Technical Analysis and Trading Concepts 29
Moving Averages 29
Crossovers 34
Divergences 35
Williams %R 37
Stochastic Oscillator 38
Stochastic Momentum 40
Bressert 41
RMO 42
Moving Ribbons 43
CHAPTER 5 Trading with theMoving Average Template 45
CHAPTER 6 Trading with theMoving Ribbons Template 65
CHAPTER 7 Trading with the Bressert Template 79
CHAPTER 8 Trading with the RMO Template 99
CHAPTER 9 A Day of Trading 117
Appendix: About MetaStock Pro Templates 123
Creating the Dick Diamond Templates 124
Template 1: Walter Bressert 126
Template 2: Moving Ribbons 127
Template 3: RMO 127
Template 4: Moving Averages 128
Applying an Existing Template 128
Making Changes to a Template 129
Saving a Template 129
The Default Template 130
Creating the Diamond Work Space 131
About the Author 135
Index 137
