Secrets of the Undergroundtrader - Hardcover

Yu, Jea; Lockhart, Russell

Hardcover

ISBN 10: 0071417370 ISBN 13: 9780071417372

Publisher: McGraw-Hill Education, 2003

Synopsis

This book contains trader-tested, market-proven techniques to increase your trading profits now - from the experts at undergroundtrader.com. Undergroundtrader.com is the hottest site on the web for results-focused, no-nonsense short-term and swing traders. Now, in "Secrets of the Undergroundtrader", two of the site's leading voices - founder Jea Yu and primary instructor and analyst Dr. Russell Lockhart - detail dozens of powerful, short-term trading methodologies for replacing the mystery and second-guessing in your fast-action, high-stress trading day with confidence, certainty, and dramatically improved success.Let the trader-tested, market-proven techniques in this in-depth book show you how to: uncover and act on transparent profit opportunities before they become too transparent; see and follow the smart money, and enter trades only when the scales are tipped firmly in your favor; and, manage yourself physically and psychologically to maintain a necessary - and profitable - detachment. The key to day in/day out trading success trading lies in acting fast to cut losing trades while recognizing winners and letting them run. Easy to say, not so easy to do." Secrets of the Undergroundtrader" shows you how to simplify this process, by sensing fast-breaking opportunities, smelling traps, and quickly getting in and out of each trade with a profit - before most traders are aware that the opportunity ever existed. Today's markets are brutal, unpredictable, and unforgiving. Those traders that survived debacles of the recent past are finding far fewer obvious opportunities, far greater difficulty in taking advantage of those opportunities, and a trading arena that - once again - reserves its greatest rewards for the skilled, the knowledgeable, and the patient. "Secrets of the Undergroundtrader" presents and explains the advanced methods that today's most successful traders are using to increase their success in bull, bear, or non-trending markets.Whether revisions to historically successful methods or substantially new approaches, they have been refined, modified, tested daily in the trenches at undergroundtrader.com, and proven their effectiveness. Traders looking to update and jumpstart their trading programs will get the inside story on: the "dopplar" foreshadowing effect of 13/60 minute moving average stochastics charts; Pup (PowerUPtick) and mini pup break patterns that often signal short squeezes of bearish leandowns; techniques for properly adjusting time frames for trending, oscillating, and light volume range markets; accurate confirmation of crossovers and breaks with a 3 shift moving average; and, techniques savvy traders are using to incorporate e-minis futures and soybean futures into their trading arsenals.Short-term and swing trading are the proven methods of choice for today's most active, aggressive traders and investors. Yet regardless of the strategy you choose, without the proper tools and training for using those tools you will continue to experience the frustrations and defeats that have, probably more than once, made you seriously consider throwing in the tool and returning to the deceptively risky "buy and hold" strategy. Before you make that mistake, let "Secrets of the Undergroundtrader" save you hundreds of hours and thousands of dollars by introducing you to short-term trading methods and techniques proven to work in the heat of trading battle, and destined to transform your trading program from a disorderly series of random actions and reactions into a disciplined and market-tested approach that will allow you to regain control of your trading results - by first regaining control of your trading systems and emotions.Jea Yu is cofounder and managing partner of Undergroundtrader.com, considered one of today's dominant swing trading websites. A popular speaker at trading conferences nationwide, Yu has written articles for industry journals including "Active Trader" and "Online Investor" and also created two top-selling trading videos, "Level 2 Trading Warfare" and "Beating the Bear". Russell Lockhart, Ph.D. is primary instructor and technical analyst at Undergroundtrader.com. A Jungian psychoanalyst in private practice for nearly 30 years, Dr. Lockhart has held faculty positions at UC Santa Barbara, UCLA Neuropshychiatric Institute, UC Berkeley, and other institutions. He is author of the online "Hints & Helps for the Active Trader", "The Owl" newsletter, and trading articles such as "New Light On Candles" in "Chartpoint".

About this title

From the Back Cover

Trader-Tested, Market-Proven Techniques to Increase Your Trading Profits Now--from the Experts at Undergroundtrader.com

Undergroundtrader.com is the hottest site on the web for results-focused, no-nonsense short-term and swing traders. Now, in Secrets of the Undergroundtrader, two of the site's leading voices--founder Jea Yu and primary instructor and analyst Dr. Russell Lockhart--detail dozens of powerful, short-term trading methodologies for replacing the mystery and second-guessing in your fast-action, high-stress trading day with confidence, certainty, and dramatically improved success.

Let the trader-tested, market-proven techniques in this in-depth book show you how to:

• Uncover and act on transparent profit opportunities--before they become too transparent
• See and follow the smart money, and enter trades only when the scales are tipped firmly in your favor
• Manage yourself physically and psychologically to maintain a necessary--and profitable--detachment

The key to day in/day out trading success trading lies in acting fast to cut losing trades while recognizing winners and letting them run. Easy to say, not so easy to do. Secrets of the Undergroundtrader shows you how to simplify this process, by sensing fast-breaking opportunities, smelling traps, and quickly getting in and out of each trade with a profit--before most traders are aware that the opportunity ever existed.

Today's markets are brutal, unpredictable, and unforgiving. Those traders that survived debacles of the recent past are finding far fewer obvious opportunities, far greater difficulty in taking advantage of those opportunities, and a trading arena that--once again--reserves its greatest rewards for the skilled, the knowledgeable, and the patient.

Secrets of the Undergroundtrader presents and explains the advanced methods that today's most successful traders are using to increase their success in bull, bear, or non-trending markets. Whether revisions to historically successful methods or substantially new approaches, they have been refined, modified, tested daily in the trenches at undergroundtrader.com, and proven their effectiveness. Traders looking to update and jumpstart their trading programs will get the inside story on:

• The "dopplar" foreshadowing effect of 13/60 minute moving average stochastics charts
• Pup (PowerUPtick) and mini pup break patterns that often signal short squeezes of bearish leandowns
• Techniques for properly adjusting time frames for trending, oscillating, and light volume range markets
• Accurate confirmation of crossovers and breaks with a 3 shift moving average
• Techniques savvy traders are using to incorporate e-minis futures and soybean futures into their trading arsenals

Short-term and swing trading are the proven methods of choice for today's most active, aggressive traders and investors. Yet regardless of the strategy you choose, without the proper tools and training for using those tools you will continue to experience the frustrations and defeats that have, probably more than once, made you seriously consider throwing in the tool and returning to the deceptively risky "buy and hold" strategy. Before you make that mistake, let Secrets of the Undergroundtrader save you hundreds of hours and thousands of dollars by introducing you to short-term trading methods and techniques proven to work in the heat of trading battle, and destined to transform your trading program from a disorderly series of random actions and reactions into a disciplined and market-tested approach that will allow you to regain control of your trading results--by first regaining control of your trading systems and emotions.

Jea Yu is cofounder and managing partner of Undergroundtrader.com, considered one of today's dominant swing trading websites. A popular speaker at trading conferences nationwide, Yu has written articles for industry journals including Active Trader and Online Investor and also created two top-selling trading videos, Level 2 Trading Warfare and Beating the Bear.

Russell Lockhart, Ph.D. is primary instructor and technical analyst at Undergroundtrader.com. A Jungian psychoanalyst in private practice for nearly 30 years, Dr. Lockhart has held faculty positions at UC Santa Barbara, UCLA Neuropshychiatric Institute, UC Berkeley, and other institutions. He is author of the online Hints & Helps for the Active Trader, The Owl newsletter, and trading articles such as "New Light On Candles" in Chartpoint.

About the Author

McGraw-Hill authors represent the leading experts in their fields and are dedicated to improving the lives, careers, and interests of readers worldwide

Edition details

• Publisher: McGraw-Hill Education
• Publication date: 2003
• ISBN 10: 0071417370
• ISBN 13: 9780071417372
• Binding: Hardcover
• Language: English
• Number of pages: 288