Tensile Trading E-Book

Gatis N. Roze

• Herausgeber: John Wiley & Sons
• Kategorie: Fachliteratur
• Serie: Wiley Trading Series
• Sprache: Englisch

Seitenzahl: 354

Veröffentlichungsjahr: 2016

Beschreibung

A detailed 10-stage roadmap for investors to achieve stock market mastery with their own consistently profitable, high-probability investment system Tensile Trading provides a complete, step-by-step roadmap for investors of all levels, and coaches them on how best to organize the routines and strategies necessary to identify the market's strongest trading opportunities. History is proof that true mastery of the market begins with basic money management protocols, asset protection policies, and organized analysis techniques. With these crucial foundations in place, you can embrace a proven investment methodology, execute an effective trading plan, and develop a reliable system for profitable investing. Consistent, long-run investing success is a result of well-defined goals, carefully-constructed routines and an accurate understanding of the psychological challenges that all investors face. * Set yourself up for success by implementing prudent money management and asset protection strategies * Build a personalized Asset Allocation Profile--your own personalized investment methodology * Construct a properly diversified portfolio using tools and techniques tailored for the modern market * Learn to take control of your "Investor Self," limiting the impact of mental hurdles and emotional baggage * Supercharge your financial analysis by employing proven routines and strategies A clear and proven approach easily tailored to fit your specific investing style, Tensile Trading distills the vastness of the financial markets into ten essential stages. It is designed to provide a comprehensive structure to your financial management efforts--helping you make smarter investment decisions, trade more efficiently, and consistently earn greater returns.

Leseprobe

The Wiley Trading series features books by traders who have survived the market's ever changing temperament and have prospered—some by reinventing systems, others by getting back to basics. Whether a novice trader, professional or somewhere in-between, these books will provide the advice and strategies needed to prosper today and well into the future. For more on this series, visit our Web site at www.WileyTrading.com.

Founded in 1807, John Wiley & Sons is the oldest independent publishing company in the United States. With offices in North America, Europe, Australia and Asia, Wiley is globally committed to developing and marketing print and electronic products and services for our customers' professional and personal knowledge and understanding.

    

TENSILE TRADING

The 10 Essential Stages of Stock Market Mastery

Gatis N. Roze

Grayson D. Roze

Cover image: © Servikos/Shutterstock Cover design: Wiley

Copyright © 2016 by Gatis Roze LLC and Grayson Roze LLC. All rights reserved.

Published by John Wiley & Sons, Inc., Hoboken, New Jersey. Published simultaneously in Canada.

No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, [phone], fax [phone], or on the Web at www.copyright.com. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030, [phone], fax [phone], or online at http://www.wiley.com/go/permissions.

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Library of Congress Cataloging-in-Publication Data:

Names: Roze, Gatis N. | Roze, Grayson D. Title: Tensile trading : the 10 essential stages of stock market mastery /  Gatis N. Roze, Grayson D. Roze. Description: Hoboken, New Jersey : John Wiley & Sons, Inc., [2016] | Series:  Wiley trading | Includes index. Identifiers: LCCN 2015051044 | ISBN 978-1-119-22433-4 (hardback); ISBN 978-1-119-22434-1 (ePDF); ISBN 978-1-119-22435-8 (ePub); ISBN 978-1-119-22775-5 (obook) Subjects: LCSH: Investments. | Investment analysis. | Speculation. | BISAC:  BUSINESS & ECONOMICS / Finance. Classification: LCC HG4521 .R779 2016 | DDC 332.63/22—dc23 LC record available at http://lccn.loc.gov/2015051044

For Lydia.

What began in your memory comes to life in your honor.

CONTENTS

Preface

A Message from Gatis

A Message from Grayson

Acknowledgments

A Special Note from Gatis Roze

About the Authors

STAGE 1 Money Management

Crafting Your Money Management Plan

Becoming a Successful Investor

The Importance of Asset Allocation

Constructing Your Personal Asset Allocation Profile

X-Ray Magic

Allocation Maintenance

STAGE 2 The Business of Investing 

Ten Invaluable Investing Lessons

Staying Committed on the Road

The Investor's Quad

STAGE 3 The Investor Self

The Five Levels of Investor Growth

Investor Weaknesses

Learn from the Professionals

Your Daily Journal

STAGE 4 Market Analysis 

Permission to Buy

Telescope-to-Microscope Approach

Charting Indicators

Organizing Your Analysis

Common Misunderstandings

The Market Stages and Technical Analysis

Fundamentals Checklist for Stocks

Fifty versus Fifty

STAGE 5 Routines 

Choosing Your Time Frame

From Salesmen to Stock Traders

Personal Peak Performance

Daily, Weekly, Monthly, Annually

A Day in the Life

STAGE 6 Stalking Your Trade 

Where to Look

What to Look For

How to Look

When to Look

Filters

Human Nature and Overhead Supply

Second-Opinion Resources

The Sisters Strategy Revisited

Mimic Wall Street's Masters

The Base-Hit Investor

STAGE 7 Buying 

BATTLE V Methodology

Pyramid Trading

The Language of the Market

Buy Routines

Considering Alternatives

Perfection Paralysis

Commission-Free Mind-Set

Invest Like You Drive

It's All about Stress Control

STAGE 8 Monitoring 

You Bought It—Now What?

Revisiting the Investor Self

Market Monitoring

Adjusting Stops

Tools, Routines, and Charts

Fundamentals

Allocation Updates

What Is Your Motivation?

STAGE 9 Selling 

Sell on Technicals, Not Fundamentals

The Art of Selling

Developing Your Selling System

Mutual Fund Sell Signals

Selling with the Sisters

Sell-Side Pyramid Trading

The Endowment Effect

The Investor's Trail

STAGE 10 Revisit, Retune, Refine 

Cleanse and Move Forward

Personal Data Mining

The Investor's Big Three

Thoughts on Transformation

About the Website

Index

EULA

List of Tables

Chapter 6

Table 6.1

Chapter 7

Table 7.1

Chapter 8

Table 8.1

List of Illustrations

Preface

Figure P.1

Your Roadmap to Success

Chapter 1

Figure 1.1

Three Steps: Asset Creation, Asset Protection, Asset growth

Figure 1.2

Market Index Pies

Figure 1.3

Elementary Diversification Model

Figure 1.4

Tensile Trading's Modern Diversifi cation Model

Figure 1.5

Correlation Coefficients

Figure 1.6

Tensile Trading's Asset Correlation Coefficients

Chapter 2

Figure 2.1

Business of Investing

Chapter 3

Figure 3.1

The Five Levels of Investor Growth

Figure 3.2

The Key Elements of Profitable Investing

Chapter 4

Figure 4.1

Sharpshooting with Top-Down Analysis

Figure 4.2

Covering All Four Bases

Figure 4.3

Market Analysis Indicators

Figure 4.4

The Market Stages

Chapter 5

Figure 5.1

The Sisters Strategy PerfChart

Chapter 6

Figure 6.1

Seasonality Charting

Figure 6.2

Overhead Supply

Chapter 8

Figure 8.1

Adjusting Your Stops

Figure 8.2

Monitoring Indicators

Chapter 9

Figure 9.1

Three Peaks Selling Strategy

Figure 9.2

On-Balance Volume and Minute-to-Minute Data

Figure 9.3

Triangle Continuation Pattern

Figure 9.4

Double-Bottom Reversal Pattern

Chapter 9

Figure 9.1

Price Relative Selling Chart

Figure 9.6

Trend Signals Selling Chart

Figure 9.7

Volume Selling Chart

Figure 9.8

Momentum Selling Chart

Figure 9.9

Bearish Patterns Chart

Figure 9.10

Mutual Fund Sell Signals

Figure 9.11

Selling with the Sisters Strategy

Chapter 10

Figure 10.1

Revisiting Your Roadmap

Guide

Cover

Table of Contents

Preface

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PREFACE

Listen to what the market is saying about others, not what others are saying about the market.

—Richard Wyckoff

The legendary Warren Buffett once said, “You only have to do a few things right in your life so long as you don't do too many things wrong.” This simple bit of wisdom quite perfectly captures the essence of the book you have in your hands today. Our goal as the authors of Tensile Trading is to give you the knowledge and understanding necessary to do more of the right things and fewer of the wrong things as you engage the markets.